The Mudcat Café TM
Thread #138084   Message #3160414
Posted By: GUEST,Guest from Sanity
25-May-11 - 01:19 PM
Thread Name: BS: UK debt increasing more than ever
Subject: RE: BS: UK debt increasing more than ever
Lox: "Blaming it on inflation is so disingenuous as to be farcical."

Actually not true....the interest paid to the Federal Reserve, decreases the actual buying power of the dollar. More and more of the value of the dollar, has to include the debt payoff, and compounded interest...which decreases the actual buying power of the dollar. If a dollar's worth, now pays off 20% of the debt, it would now take MORE dollars, from the remainder(80%), to actually use to acquire the goods or services....and at this juncture, the dollar has lost over 30% of its actual buying power, of the last few years. Anyone here, over 50, in America, can remember back when gasoline was 21-28 cents a gallon. Now its over $4.00/gal....and NOT all of it is just for higher production costs. The shocker may be for a lot of people, is that when WE have some of the largest oil reserves in the world, we don't tap them....Now the 'goodie-two-shoes Left' will tell you its about saving the environment..which was the bullshit they have to swallow, then believe....Closer to the truth, is we've been using our natural resources, and infrastructures as collateral for the borrowing!!..Don't you just love those 'patriotic' international globalist bankers??!!??...and by the way, if China comes over to get our oil, they won't give a flying fuck in a rat's ass, about your fantasy environmentalist's bullshit! That was just a cover story...and a lot of you gobbled it up like a kid in a candy store!.....True story!

GfS