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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (47151)3/25/2011 10:21:17 PM
From: Wayners1 Recommendation  Read Replies (1) | Respond to of 103300
 
Govt doesn't need a balanced budget amendment. They won't follow it anyways or it will be ruled unconstitutional. The real strategy is the following. Hyperinflate the foreign debt away, eliminate the Federal Reserve because they will be broke from the hyperinflation (I think they are mostly foreign bank owned anyways), lock the people down in martial law and seize some or all private property to start over again with a new currency semi backed with something. Cycle rinse and repeat. The repeat part refers to the ability to still create out of thin air more paper than backed by something. See the 1920's Gold Certificates--got greedy and printed at least 50% more certificates than they had gold...cover the fruad with gold confiscation. Move ahead to the 1970s. Printed too many dollars in the 1960's to pay for Socialist programs and Vietnam, there is a run by foreigners to convert dollars to Gold....wow didn't we see this movie before in 1933? Well then then the Gold window is closed in 1971 and taxpayers make up the difference by having their wealth confiscated through inflation for the next dozen years. Fast forward from there. Now we have an exponential growth Federal Deficit. What do you think they will do based on history? Do you maybe think confiscation of savings through inflation and possibly seizure of property to back a new semi backed currency? When will the retarded citizens friggin learn!



To: DuckTapeSunroof who wrote (47151)4/14/2011 10:14:15 PM
From: Hope Praytochange1 Recommendation  Read Replies (1) | Respond to of 103300
 
Spillionaires’ are the new rich after BP oil spill payouts

The oil spill that was once expected to bring economic ruin to the Gulf Coast appears to have delivered something entirely different: a gusher of money. So many people cashed in that they earned nicknames: “spillionaires” or “BP rich.” Others hurt by the spill wound up getting comparatively little. Many people who got money deserved it. But in the end, BP’s attempt to make things right — spending more than $16 billion so far, mostly on damage claims and cleanup — created new divisions and even new wrongs.

Full Article what a scam some governments and business pulled.

washingtonpost.com