Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 691.72

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Jan 16 4:00 PM EST

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To: DebtBomb who wrote (15044)	3/8/2011 11:41:06 AM
From: Wayners	Read Replies (1) of 221992

Yea they are going to sneakily erode the value of entitlements. Boomers will be working or unemployed and poverty stricken until SS kicks in at age 72. There will be cuts in overall spending like Defense and they are hoping for economic growth at the same time...probably see a big movement for deregulation to help on the growth front. It's a last gasp gamble that I don't think overall will work. It will probably be just enough to keep paying interest on the debt without reducing the principal. Great to be a Bankster! Most of the debt is owned by China, Japan and the Federal Reserve--and the Federal Reserve is in turn owned by U.S. and Foreign Banks. Banks could "foreclose" if they don't get those interest payments and could seize anything they want on the Treasuries Asset Side of the Balance Sheet---they could take all ships, planes, tanks, military bases...they could seize all National Parks. They could seize all mineral resources --after the all Govt gives out the permits. They could strip us CLEAN!

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