The Mudcat Café TM
Thread #148981   Message #3464197
Posted By: Little Hawk
10-Jan-13 - 06:07 PM
Thread Name: BS: debt limit. can nybody explain why
Subject: RE: BS: debt limit. can nybody explain why
I'm not a conservative.

However, it seems pretty plain to me that the entire system as it presently exists is built upon having created absolutely unpayable levels of debt, created through absolutely irresponsible monetary policies (issuing fiat currency with no real intrinsic value whatsoever and buying REAL stuff with it!), and all the politicians keep doing is kicking the can a few more feet down the road to delay the inevitable demise of this debt-ridden phony money game. They haven't got the guts to face the music or to face the public reaction to being confronted with the real situation, so they try sticking on another temporary bandaid which will hold them for another few months or years. To raise the debt ceiling is just to delay the eventual reckoning. The debt cannot be dealt with. It wasn't built upon fiscal reality in the first place. It is the end result of a pyramid scheme perpetrated by the largest banks in the world, with the collusion of goverments who let them do it by de-regulating the rules that govern lending.

When empires reach a point like this, they either collapse...experience a revolution...or they go to war...and collapse awhile later, after a great deal of terrible bloodshed and destruction.

I am not very hopeful about this scenario. Nope, I have no solution, and neither do you, because we aren't in a position to provide one. We're just talking, like people do, because we like to talk. It helps to briefly let off some of the pressure.