"Upcoming Deadline Looks As Risky As The 2011 Debt Limit Fight"
"The upcoming debt limit deadline is beginning to look as risky as the 2011 debt limit showdown that led to Standard & Poor’s downgrade of the US sovereign rating and eventually to budget sequestration, or the 2013 deadline that overlapped with a government shutdown."
#1: Cynicom To: Horse, BTP Holdings, Esso, Lod (#0)
There is NO debt limit written in stone, it is a figment of mans imagination to spend others money, taken by force.
What goes up MUST COME DOWN, and it will, it surely will.
Ask those of us that lived thru the Great Depression.
Cynicom posted on 2021-09-13 17:36:50 Reply Private Reply
#2: BTP Holdings To: Cynicom (#1)
The Great Depression was caused by the banksters decreasing the money supply.
I am sure you are familiar with "fractional reserve banking".
As it presently stands, the bank can make loans that consist of 90% of the loan created out of thin air. They only need $100 on deposit to loan out $1,000.
As the loan is paid off, the money is extinguished. So the crooks make money from cash that does not exist until they enter it into the books.
Why do you think Andrew Jackson called them, "...a den of vipers and thieves". ;)
BTP Holdings posted on 2021-09-13 18:20:16 Reply Private Reply
#3: Cynicom To: BTP Holdings (#2)
On Monday day afore Black Tuesday, olde Joe Kennedy sold every stock he owned. He remained a millionaire. Untold thousands were broke, life savings gone forever.
Dont own a 401K.
Cynicom posted on 2021-09-13 18:41:33 Reply Private Reply
#4: BTP Holdings To: Cynicom (#3)
Nope, never. ;)
BTP Holdings posted on 2021-09-13 19:23:58 Reply Private Reply