How much longer can the Federal Printing Press realistically keep America afloat? (IRA, bankrupt)
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They blew a big ol chunk after 2008, with all the QE and new debt. I'm sure that during the next recession, they will repeat some of that and it will work to some extent. But at SOME point, the world will tire of this...and it will no longer work.
Predictions? I say the recession after the next one could be sketchy. 15 years-ish? Maybe 20
There is no question that one day the house of cards has to come tumbling down, 20 plus trillion dollars in debt and likely no where to go but up, since it has already likely passed the point of no return, thank you Obama for pushing us the brink of bankruptcy.
There is no question that one day the house of cards has to come tumbling down, 20 plus trillion dollars in debt and likely no where to go but up, since it has already likely passed the point of no return, thank you Obama for pushing us the brink of bankruptcy.
Please, give us a break. National debt almost tripled during during the Reagan administration. No one else was even close.
yes....however Reagan's debt was starting at a much lower level.
Obama is the king of debt for all times.... Obama ran up more total debt in his 8 years, than all other presidents combined, I believe. At least 9 Trillion dollars.
What else would you expect from a community organizing, wealth redistributing leftist?
yes....however Reagan's debt was starting at a much lower level.
Obama is the king of debt for all times.... Obama ran up more total debt in his 8 years, than all other presidents combined, I believe. At least 9 Trillion dollars.
What else would you expect from a community organizing, wealth redistributing leftist?
Well while you are throwing stuff out there it would be odd to leave out any mention of the economic collapse that hit this nation and the entire world. Who’s counting though?
The money printing presses will continue to run as long as the paper (really cotton and linen) suppliers and ink companies are willing to accept the dollars that get printed with their products.
Money and currency are not the same. Anyone who thinks our money supply comes from a printing press needs to learn some basic economics instead of just voicing ignorant opinions.
They blew a big ol chunk after 2008, with all the QE and new debt. I'm sure that during the next recession, they will repeat some of that and it will work to some extent. But at SOME point, the world will tire of this...and it will no longer work.
Predictions? I say the recession after the next one could be sketchy. 15 years-ish? Maybe 20
15 to 20 years ?
That's quite a nebulous question to ask a definitive prediction for unless your looking for an answer based on charted economic boom and bust cycles.
We are in year 9 of this bull market and it seems like a lot of experts out there can't agree when this will start turning south because no one can agree how long these artificial tax cuts will last or if our President will create a "Orange Swan" event that will neutralize or kill them.
Some conspiracist feel that the 1% want the petrodollar to fail so the world banks can then scuttle the dollar and create a new global currency that allow the banks to have larger reserves to draw upon to soften the blows of a "Black Swan" event but I think we all know that it will be only a matter of time that it just means that the goal posts are being moved to accommodate more debt .
Special drawing right based on a nations raw resources
To take the power of creating money away from the nation state might, therefore, be the most effective way of stopping its power to wage war. Obviously it will be impossible to do this through legislation, since politicians are not going to give up their most potent source of power. However, a potential for doing it indirectly presents itself in the modern world by first creating a world currency, or non-national currency. Because of its stability, this new currency, which is neither inflationary nor deflationary, would eventually push national currencies out of the way.
There's so much wiggle room being created for Wall Street's too big to fail banks and the Feds goal of 2% annual inflation goals without concern of the compounding interest rate's effects on the middle class wages.
And how this meets so much resistance to using the term Robber Barons which has become a politically incorrect term to use because our nation has once again seemed to be dominated by them as their annual compensation rises into the upper 100 of percentage points more then their employees
Obviously there is a master plan out there.
Through chaos comes order.
Last edited by NickofDiamonds; 03-09-2018 at 12:24 PM..
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