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Originally Posted by sterlinggirl
It only promises to pay dollars. There isn't a promise to give them anything of value.
So fire up the presses and give them dollars. I'd rather have a one time hit with some major inflation to clear out the excess than a lifetime of 50% taxes for our next generation. Since everything is pretty well shot to hell in the economy anyway, this would be one of the better times to do it.
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Yep, All been done, before (and before, and before).
You are anticipating and leading ahead of the folks you are trying to track.
Money will stay "cheap" (low interest) with limited availability to the top end only (e.g. while interest rates are still low, presently far fewer working folks can get home loans). This will continue past the elections.
Inflation will continue to degrade the value of both debts and savings.
Some time after the New Year interest rates will start to rise in the name of stopping inflation.
A quote that is often attributed to Jefferson --
Quote:
If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.
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And so our fate is to be homeless in our homeland.
While quoting old-timers, there is some Sioux Indian quote about the White Man's (essentially the banks and corporations) money being poison. I guess folks who have become homeless in their homeland before would understand this topic all too well.
Think they will leave us with a reservation?