Friday, October 18, 2013

Leaping towards bankruptcy

As soon as the government "reopened", the debt jumped to record levels:

http://www.washingtontimes.com/news/2013/oct/18/us-debt-jumps-400-billion-tops-17-trillion-first-t/


Some may find comfort in knowing that the US Constitution guarantees the US debt, but the rest of us know that the parts of the Constitution that enable the paying of our debt have been bypassed or enfeebled. If the only means we have for continuing to pay our bills is debasement of our currency by the Federal (sic) Reserve Bank, then we are toast.


You can stick your head in the sand, hold your breath until you're blue, rant and rave about "idiot Republicans" all you want, but you can't put off the reckoning forever. If China gets the rest of the world to dump the dollar as "reserve currency", it will be GAME OVER ... regardless of what the Constitution says.


http://ca.news.yahoo.com/u-averts-default-japan-china-brace-next-dollar-081452483--business.html

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