John Rubino interview (dollar collapse)

[Steal]

actually good interview (going to send to my father inlaw and dad)


http://www.youtube.com/watch?v=yrZ_J3ccd88&feature=g-all-u

[Libertarian_Guard]

"You know, Paul, Reagan proved that deficits don't matter. We won the mid-term elections, this is our due." - - V.P. Dick Cheney

Said to Paul O'Neill, then Treasury Secretary.



http://en.wikiquote.org/wiki/Dick_Cheney



We shall see......

[vacuum]

I once took an economics class in college, it was Economics 101. Among other insane things, one of the questions was, literally:

Q: Can the US ever go bankrupt from borrowing too much?
A: No, because it can always borrow more.

And yes, that was an exam question.

[Spectrism]

I once took an economics class in college, it was Economics 101. Among other insane things, one of the questions was, literally:

Q: Can the US ever go bankrupt from borrowing too much?
A: No, because it can always borrow more.

And yes, that was an exam question.

But that is an incorrect answer. One must ask- borrow from whom? Since we are dealing in federal reserve notes, the owners of the federal reserve can at some point say "no more". At that point, they call in their debts- covered by assets. It WILL happen and the only future borrowing will be at the cost of more assets. Notice how the transfer of any debt is absorbed by the taxpayer-funded national debt and that the federal reserve is taking over real estate backed paper. What we likely won't see is the transfer of title to the federal reserve.