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#1: IRTorqued    To: Horse (#0)

good thing your zion don knows people who know their way through bankruptcy court.

IRTorqued posted on 2019-07-29 23:37:01   Reply   Private Reply

#2: Pinguinite    To: Horse (#0)

the Treasury will sell $814 billion in debt in the current and future quarter... and it will only get worse from there.

Crypto or gold or silver might be a good hedge....

Pinguinite posted on 2019-07-30 03:08:23   Reply   Private Reply

#3: BTP Holdings    To: Pinguinite, Horse (#2)

the Treasury will sell $814 billion in debt in the current and future quarter... and it will only get worse from there.

Crypto or gold or silver might be a good hedge....

If we could keep crooks like this out of positions of power we might be able to put a dent in the national debt. ;)

Latest On Rabbi Zakheim And The Missing $2.3 Trillion

BTP Holdings posted on 2019-07-30 03:12:41   Reply   Private Reply

#4: Pinguinite    To: BTP Holdings (#3)

If we could keep crooks like this out of positions of power we might be able to put a dent in the national debt. ;)

As long as Congress is made up of people representing individual districts throughout the country, the entire body will not be able to put a dent into it at all. Every congressman wants jobs and funding for his/her district, and to get it, they will all vote for other districts to get it as long as their friends return the favor.

In the end, the entire congress supports a fat spending bill that delivers bacon to everyone, the deficit and debt, and the American people be damned.

Pinguinite posted on 2019-07-30 03:27:35   Reply   Private Reply

#5: Horse    To: Pinguinite, IRTorqued, BTP Holdings (#4)

If we had a non-interest bearing currency like President Lincoln's Greenbacks, there would be no national debt and no interest on the debt. Neither political party is interested in monetary reform as the Jewish Lobby is adamantly opposed to even a discussion of the problem.

Horse posted on 2019-07-30 04:07:15   Reply   Private Reply

#6: Pinguinite    To: Horse (#5)

If we had a non-interest bearing currency like President Lincoln's Greenbacks, there would be no national debt and no interest on the debt.

But the flip side of that is that, instead of borrowing, the fed gov simply prints money anytime it needs it, and you get hyper inflation as happened with the Continental currencies. By forcing the gov to borrow, it sort of has to repay, which keeps inflation to a relative minimum.

Pinguinite posted on 2019-07-30 05:50:49   Reply   Private Reply

#7: BTP Holdings    To: Pinguinite (#6)

hyper inflation as happened with the Continental currencies.

Counterfeiting of Continentals by the British was also a major factor in their depreciation. ;) en.wikipedia.org/wi ki/Early_American_currency

Another problem was that the British successfully waged economic warfare by counterfeiting Continentals on a large scale. Benjamin Franklin later wrote:

The artists they employed performed so well that immense quantities of these counterfeits which issued from the British government in New York, were circulated among the inhabitants of all the states, before the fraud was detected. This operated significantly in depreciating the whole mass.

BTP Holdings posted on 2019-07-30 10:31:07   Reply   Private Reply

#8: Horse    To: Pinguinite (#6)

The US is printing money by the trillions anyway but it is paying interest on that money that was created out of nothing.

Horse posted on 2019-07-30 10:37:48   Reply   Private Reply