CHIEF DOC 99 Posted October 15, 2013 Share Posted October 15, 2013 Quote Link to comment Share on other sites More sharing options...
LabRat Posted October 15, 2013 Share Posted October 15, 2013 Amen - seriously pissed off!! Quote Link to comment Share on other sites More sharing options...
Chiefin Posted October 15, 2013 Share Posted October 15, 2013 yup............ Quote Link to comment Share on other sites More sharing options...
Airpirate Posted October 15, 2013 Share Posted October 15, 2013 That's an understatement Quote Link to comment Share on other sites More sharing options...
LabRat Posted October 15, 2013 Share Posted October 15, 2013 Just wait - from the sound of things the GOP is about to stab us in the back again with the debt limit and CR. Quote Link to comment Share on other sites More sharing options...
Chickasaw Indian Outlaw Posted October 16, 2013 Share Posted October 16, 2013 we need to stand our ground on this, don't give in, default, go ahead, it is time to get real! run a business like they are running our country and we would be in default! I say let's take our country back and Washington is in D.C., not even a state! let's leave the scum there and turn them in to their own country! 2 Quote Link to comment Share on other sites More sharing options...
Jack Ahearn Posted October 16, 2013 Share Posted October 16, 2013 Whenever a bird shits on my car or bike.I sit on the front porch eating scrambled eggs.Just to show them what I'm capable of. 1 Quote Link to comment Share on other sites More sharing options...
LabRat Posted October 16, 2013 Share Posted October 16, 2013 There will be no default - we take in more money each month to continue to service the debt and pay for a good chunk of current essential services. I am so sick of this BS talk of default. I expect if from the Democrats and the media, but the damn RINOs, I mean undocumented democrats have adopted the same language to bash their own party. Per the constitution, the executive branch and the treasury MUST pay the debt FIRST before any other payments go out. Quote Link to comment Share on other sites More sharing options...
CHIEF DOC 99 Posted October 17, 2013 Author Share Posted October 17, 2013 Questions To whom is this debt owed? Who 'services' this debt? Anyone? Quote Link to comment Share on other sites More sharing options...
LabRat Posted October 17, 2013 Share Posted October 17, 2013 Most of the debt is owed back to the American people (although China is owed a great deal) Those of us that actually pay taxes are the ones 'servicing the debt' Therefore, they are stealing our money, laundering it and then giving it back to others. Quote Link to comment Share on other sites More sharing options...
IndianTrue Posted October 17, 2013 Share Posted October 17, 2013 I just hope everyone remembers this when it's time to vote. Mark your calendar and send them packing, I'm sure not one of them rides an Indian anyway. 1 Quote Link to comment Share on other sites More sharing options...
Jack Ahearn Posted October 17, 2013 Share Posted October 17, 2013 http://www.skewsme.com/img/career_organized_crime.jpg One of my favorites 2 Quote Link to comment Share on other sites More sharing options...
Scalper38 Posted October 17, 2013 Share Posted October 17, 2013 Questions To whom is this debt owed? Who 'services' this debt? Anyone? The debt is owed to any and all who buy US Government bonds. As stated, China has a BUNCH, on the order of a couple trilion I think (out of $17 Trillion debt) but the majority is owed to American taxpayers who continue to buy US Bonds. The chart below is 3 years old but I'd bet the breakdown is about the same. Quote Link to comment Share on other sites More sharing options...
homer Posted October 17, 2013 Share Posted October 17, 2013 (edited) I think China has 1.5T rt now. In addition to cash and business holdings. This recent crisis has done some damage and some buyers of our debt have diversified. A more important question than who is owed, is "who will make us pay"?.. Edited October 17, 2013 by homer Quote Link to comment Share on other sites More sharing options...
toycar10 Posted October 17, 2013 Share Posted October 17, 2013 Is it a bad thing if buyers wont buy our debt then maybe we have to stop making it. Quote Link to comment Share on other sites More sharing options...
LabRat Posted October 17, 2013 Share Posted October 17, 2013 Is it a bad thing if buyers wont buy our debt then maybe we have to stop making it. The Chinese did downgrade us today. http://www.chicagotribune.com/business/breaking/chi-chinese-ratings-agency-downgrades-us-20131017,0,2509722.story Quote Link to comment Share on other sites More sharing options...
badndn Posted October 18, 2013 Share Posted October 18, 2013 I think some people live in a fantasy world. If you think we can sustain "as-is" you are part of the problem. We have policy in place that is bacically suicide for our Country. As long as the cable stays on and the cell phone works, we are all good. At least that is how many think now. Educate yourself. Google the debt. Google the deficit. Google Quantitative Easing. Research about the interest rate manipulation and the long term effect of it. LIke anything else you have to separate the wheat from the chaff. But the info is out there. This is an interesting little chart. We are going down. Just a matter of when. The damage is irreversible. 2 Quote Link to comment Share on other sites More sharing options...
LabRat Posted October 18, 2013 Share Posted October 18, 2013 Amen - we have 2 main problems - the ever growing number of people reliant on the government for 'free stuff' and the existence of public sector unions. Both groups vote for people that promise and give them things and it is not in their self interest to vote for people that are going to reign in the spending. 1 Quote Link to comment Share on other sites More sharing options...
BONMYI Posted October 18, 2013 Share Posted October 18, 2013 I think some people live in a fantasy world. If you think we can sustain "as-is" you are part of the problem. We have policy in place that is bacically suicide for our Country. As long as the cable stays on and the cell phone works, we are all good. At least that is how many think now. Educate yourself. Google the debt. Google the deficit. Google Quantitative Easing. Research about the interest rate manipulation and the long term effect of it. LIke anything else you have to separate the wheat from the chaff. But the info is out there. This is an interesting little chart. U.S._Federal_Reserve_-_Treasury_and_Mortgage-Backed_Securities_Held.pngWe are going down. Just a matter of when. The damage is irreversible. Thinkin that they P L A N N ED it that way ! ! I'm not happy about this ! Dave Quote Link to comment Share on other sites More sharing options...
CHIEF DOC 99 Posted October 19, 2013 Author Share Posted October 19, 2013 http://www.youtube.com/watch?v=tqfvUA2vRAM http://www.youtube.com/watch?v=tqfvUA2vRAM http://www.youtube.com/watch?v=2BqJMwKZdyE http://www.youtube.com/watch?v=2BqJMwKZdyE Quote Link to comment Share on other sites More sharing options...
firebird77clone Posted October 21, 2013 Share Posted October 21, 2013 Ok, this is a huge discussion. The real problem is the federal reserve. If we were to abolish it, we'd have a chance. Second problem is Teddy taking us off the gold standard. Third problem is Nixon abolishing the last vestige of the gold standard. Next problem, the public voting anything they want from public coffers. Between socialist programs and fiat currency, we have already past our expiration date. If you want to see what's ahead, look behind. We're going to make the Weinmar republic look like a minor correction. Quote Link to comment Share on other sites More sharing options...
firebird77clone Posted October 21, 2013 Share Posted October 21, 2013 Sorry, that's Weimar, for those whom might care to Google. Quote Link to comment Share on other sites More sharing options...
LabRat Posted October 21, 2013 Share Posted October 21, 2013 Yes our monetary policy is a mess. Most in this country probably think QE I, II, III are cruise ships. We do need to abolish the fed and get back on the gold standard, but I think we are too far gone to do that. Quote Link to comment Share on other sites More sharing options...
Scalper38 Posted October 21, 2013 Share Posted October 21, 2013 Ok, this is a huge discussion. The real problem is the federal reserve. If we were to abolish it, we'd have a chance. Second problem is Teddy taking us off the gold standard. Third problem is Nixon abolishing the last vestige of the gold standard. Next problem, the public voting anything they want from public coffers. Between socialist programs and fiat currency, we have already past our expiration date. If you want to see what's ahead, look behind. We're going to make the Weinmar republic look like a minor correction. Yep, you pretty much wrapped it up in short order. Quote Link to comment Share on other sites More sharing options...
badndn Posted October 21, 2013 Share Posted October 21, 2013 Ok, this is a huge discussion. The real problem is the federal reserve. If we were to abolish it, we'd have a chance. Second problem is Teddy taking us off the gold standard. Third problem is Nixon abolishing the last vestige of the gold standard. Next problem, the public voting anything they want from public coffers. Between socialist programs and fiat currency, we have already past our expiration date. If you want to see what's ahead, look behind. We're going to make the Weinmar republic look like a minor correction. You pretty much nailed it. All my points I made in the earlier post were symptoms of the things you mention. I just wish people would take time to actually learn about what is going on. it takes some effort, but as an American you really should. The problem is threefold. (in this rednecks eyes) 1. Manipulation of our money system. 2. Buying votes. 3. Stripping the rights of States to govern themselves. 1 and 3 are probably an effect of #2 but is so important and kinda have gotten their own legs and are like an an unstoppable locomotive, I had to list them as a cause. Everything else is cause/effect. The Founding Fathers saw the problems that a large Federal Government could cause and they debated about it a lot. The solution was a small Federal Government, with most governing powers given to local and state.They pondered about how to give people a remedy for corruption and how people of different belief systems, different standards etc., could exist together, be treated fairly and have a government that represented their particular beliefs and standards. They didn't want to guarantee that all special interests be served, but if enough people believed likewise, that interest would be served without imposing those things on others that didn't feel the same. The answer was to give power to the local and state governments. If a person was unhappy with the policy of a particular area he was living, he could lobby the local or state government, he could support or campaign for a candidate that supported his views, or he could lobby support and campaign himself. As a final choice, if there wasn't enough like minded people in his area...he could move...to a locale that shared his viewpoint. Simple and effective. Over the decades. as we empowered the Federal Government to run our lives, this became impossible and you have what you see now. Corrupt politicians running the show and buying votes with actions that don't have the best interest of the Country in mind. It's not democrats only either. By the time you get to the level they are at, you have made so many promises and sold your soul LONG ago. If you want to be reelected you have to feed the beast. Problem is...WE are the beast. (collectively, not individually) It's an unsolvable problem. Quote Link to comment Share on other sites More sharing options...
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