Post by Sir John on Apr 8, 2013 19:22:18 GMT -5
"maintain 11 million illegals , 50 million on food stamps 8.5 million on disability , 12 % unemployed , a $180,000 dollar an hour President , so WHO is going without apparently nobody , life the American way ."
Back in the olden days, this problem of expenditure far exceeding income was solved by selling Bonds to the Countries who had previously sold LOTS of stuff to the US, and bought SFA in return (think CHINA and JAPAN) . This left them with LOTS of Greenbacks to buy the Bonds.
Then it finally sunk in to them that the Greenbacks were going down in value and taking the end value of the Bonds down too.
So they stopped buying the Bonds!
This created a problem, and only Sir Ben Bernanke could solve it just in time, as the Indians appeared on the horizon, he set the printing press to Warp Speed 10, and let her rip! (Think Germany 1923)
This created LOTS of money to buy the Bonds, and give the money to the Treasury to give to the Congress, to give to the 'Zombies'. The 'zombies' then vote for this great idea, and so it goes.
And then the 'zombies' (and Boeing) spent it!
This created a HUGE increase in the 'Money Supply'. and all highly qualified economists like me know what THAT means!!
The last things you buy on SHTF Day is seats belts and air bags.
Brace for impact!
SJ
Back in the olden days, this problem of expenditure far exceeding income was solved by selling Bonds to the Countries who had previously sold LOTS of stuff to the US, and bought SFA in return (think CHINA and JAPAN) . This left them with LOTS of Greenbacks to buy the Bonds.
Then it finally sunk in to them that the Greenbacks were going down in value and taking the end value of the Bonds down too.
So they stopped buying the Bonds!
This created a problem, and only Sir Ben Bernanke could solve it just in time, as the Indians appeared on the horizon, he set the printing press to Warp Speed 10, and let her rip! (Think Germany 1923)
This created LOTS of money to buy the Bonds, and give the money to the Treasury to give to the Congress, to give to the 'Zombies'. The 'zombies' then vote for this great idea, and so it goes.
And then the 'zombies' (and Boeing) spent it!
This created a HUGE increase in the 'Money Supply'. and all highly qualified economists like me know what THAT means!!
The last things you buy on SHTF Day is seats belts and air bags.
Brace for impact!
SJ