Obama: Raise debt ceiling or risk global recession

reply to post by HunkaHunka


First, the recession is already global there is no stopping it.

Second, the US dollar is out the door and a new currency will be replacing it to take over the world currency. As countries start getting sick of the dollar they will flood the central banks with it. The Banks will have to bring it back to America and try to do something with it. The Banks are losing a lot of money due to Bernanke printing money out of thin air. Pretty soon the banks won't take the US dollar anymore because it is devalued so much and no one would want to take it.

Europe is going to have a really hard time too, they're pretty much collapsing. They really can't do much at this point. The only thing I can see happening to the EU is that the richer countries disband and follow their own economic agenda's.

China, Russia, and Brazil might look into a new currency world wide.

This isn't an accident. This is happening on purpose to collapse the US military. The only way to defeat the US military is to make sure they are too broke to fund anymore wars and army.

reply to post by beezzer


reply to post by pirhanna



The debt ceiling has been raised 74 times since 1962...this isn't something abnormal. It is a regular process...but it is just another opportunity for the Republicans to turn it into a big circus.

You can't cut spending to avoid this...it's just not possible. They can let our bills go unpaid, they can stop paying out social security or paying the troops...but they can't "fix" this by cutting more "spending". The spending has already been planned and approved. The only other option is to stop paying their bills.

This isn't an option...the debt ceiling will be raised...we just have to sit and listen to the silly Tea Party Republicans pretend like they are gonna block it. Then at the last minute, just like with the budget, they will raise it.

Originally posted by neo96
if i or you went to the bank

and said i need my credit card limit raised but you had a $400,000 home loan that your behind on

another loan that your also behind on

two cars about to be repossessd.

the bank would laugh at you and say PAY YOUR DAMN BILLS.

thats for us little people.

obama NO PROBLEM!


there are nothing but idiots running this country who know the fundamental principle that all us little people live by WE CAN'T SPEND MONEY we don't have.

but they have and will because they can

edit on 15-4-2011 by neo96 because: (no reason given)

This is not a good analogy.

In your analogy, you are asking another entity if you can borrow more. In the "debt ceiling debate" it would be like you and your wife trying to decide if you should borrow more. If the two of you had previously agreed that you would only borrow up to a certain point, and you are now coming up to that limit, then you have a decision to make.

The decision you would have to make is this...should we borrow more and make our payments...or should we not and lose everything.

reply to post by OutKast Searcher

Then we need to repudiate all of the debt, end the fed, and get rid of these damned socialist entitlement programs. Plus we bring all the troops home and use them to end the invasion from Mexico. We can break the shackles, but we won't.

reply to post by OutKast Searcher

Lose everything. Wipe the slate clean and start over. Try to follow Andrew Jackson's lead this time and not allow the gottverdamt bankers to control everything this time.

reply to post by OutKast Searcher


asking another entity ok but obama has to ask someone to raise the debt ceiling.


granted i just woke up and i could have written that better sorry

Originally posted by sonofliberty1776
reply to post by OutKast Searcher

 

Then we need to repudiate all of the debt, end the fed, and get rid of these damned socialist entitlement programs. Plus we bring all the troops home and use them to end the invasion from Mexico. We can break the shackles, but we won't.

If it were just that simple...huh?

And you aren't going to be saving any money if you are just taking troops from one pointless objective to another...like "stopping the mexican invasion". You would actually be spending a TON of money just on logistics and transportation.

And you want to get rid of all those "socialist programs"...and then what? What do those people do that depend on those programs? Do you think they will just die quietly? And what about all the people that will be out of work overnight that administor those programs? Maybe they could use unemployment until they get back on their feet....OH...that's right...you just got rid of that. I guess they should just die quietly as well.

That sounds like a GREAT plan.

I will never understand why governments insist that asking for more credit is a sane way to get OUT of debt.

Seems to this serf that spending over your means gets you into further debt.

Can someone cut up the Government's credit cards...please!

reply to post by OutKast Searcher

Like I said we won't. There is going to be pain and yes death either way. That is unavoidable now. However one choice strengthens the elite's control over us. The other gives us a chance to regain our freedom and become a great nation again. I see that you choose slavery.

Originally posted by misnomer68
I will never understand why governments insist that asking for more credit is a sane way to get OUT of debt.

Seems to this serf that spending over your means gets you into further debt.

Can someone cut up the Government's credit cards...please!

They are indoctrinated by the global financial system to recognize debt as money. To them debt has value because the international banking community and their legions of priestly economist 'declare' it to be that way.

In the world of their "money" 1+1 may or may not equal "2". There is no simple math to establish a concrete base for calculations about markets... and they create a financial system which is all about something they call "mood" and "faith" and "confidence."

While exceedingly unorthodox, the idea of repudiating the debt has merit (it's suicidal, but it has merit.)

The upshot of all this is that the only way out is "their" way or a leap of faith that we can survive the chaos and pain they will inflict upon us as we destroy their empire.

Originally posted by Maxmars

Originally posted by misnomer68
I will never understand why governments insist that asking for more credit is a sane way to get OUT of debt.

Seems to this serf that spending over your means gets you into further debt.

Can someone cut up the Government's credit cards...please!

They are indoctrinated by the global financial system to recognize debt as money. To them debt has value because the international banking community and their legions of priestly economist 'declare' it to be that way.

In the world of their "money" 1+1 may or may not equal "2". There is no simple math to establish a concrete base for calculations about markets... and they create a financial system which is all about something they call "mood" and "faith" and "confidence."

While exceedingly unorthodox, the idea of repudiating the debt has merit (it's suicidal, but it has merit.)

The upshot of all this is that the only way out is "their" way or a leap of faith that we can survive the chaos and pain they will inflict upon us as we destroy their empire.

Well my vote will lie with the leap of faith that we can survive without their money. People need to realize that a leader is only a leader when people follow them. When the time comes I will gladly help any honest person that is willing to carry their own load. That is how we will all survive the up coming chaos...

reply to post by misnomer68


Yes, I'm telling ya!

Should the world go back to the old "Barter System" and forego all currency worldwide?

I don't see why not. There's a dinner theater in Abingdon Virginia called the Barter Theater and they used to take anything from produce to firewood for a ticket. Back in the stone age if one of us needed to see a doctor we took a sack of potatoes, tomatoes, cabbage, etc. as payment for services rendered. The REA (Rural Electric company) took product for services.

Could it work with countries and governments? If some of the welfare folks who just won't work (some can't, I realize that) would plant a little garden in the windowsill or make something useful to trade for their food/housing/etc. then I think there'd be less starvation or hunger in the world.

Yes, I realize there's an element that would take advantage of this system like they have the current world system.

Just trying to contribute to the possible solutions for this huge problem with debt in our country. This way the elected officials would have to "earn" their meals and housing and not just squander our hard earned money. They would definitely have to live within their means.

reply to post by misnomer68


The reason the government can't stop spending is simple, re-election. If Florida's government stopped all spending their opposition would vow that they can curb the debt by other means and they can resume the spending. But well all know politicians lie so that person wouldn't curb the spending but increase it.

Congress is nothing but showbiz now. You guys seen all the publicity just to cut little to nothing? I think that whole thing was planned to make all sides look good. They were probably behind closed doors sharing cigars with marketing strategists to find a way to keep their popularity.

I think it is ridiculous and people should stand up and fix this damn system. I am not only talking about congress, I mean everything. From the hold that corporations have, the media, and all the way to the military industrial complex.

If people don't stop this soon you will end up like Ireland. Houses in Ireland that were once in the millions sell for less than a quarter of that today. The reason being is they can't sell because no one has money, and they can't buy because they have no money. That is coming to the US soon.

reply to post by Skywatcher2011


See! Who said you can't think for yourself. You did an excellent job!

Originally posted by HappyHermit
Should the world go back to the old "Barter System" and forego all currency worldwide?

I don't see why not. There's a dinner theater in Abingdon Virginia called the Barter Theater and they used to take anything from produce to firewood for a ticket. Back in the stone age if one of us needed to see a doctor we took a sack of potatoes, tomatoes, cabbage, etc. as payment for services rendered. The REA (Rural Electric company) took product for services.

Could it work with countries and governments? If some of the welfare folks who just won't work (some can't, I realize that) would plant a little garden in the windowsill or make something useful to trade for their food/housing/etc. then I think there'd be less starvation or hunger in the world.

Yes, I realize there's an element that would take advantage of this system like they have the current world system.

Just trying to contribute to the possible solutions for this huge problem with debt in our country. This way the elected officials would have to "earn" their meals and housing and not just squander our hard earned money. They would definitely have to live within their means.

Talking barter is anarchy !! They don't want people to realize that we can survive without their money. Money is a control mechanism. In the rural community I grew up in barter was a way of life.You swapped food or labor for the things you needed,and raised a small cash crop to keep the taxes paid. We can make it...it won't be the good life like we are used to...but we will make it !!

Originally posted by OutKast Searcher
reply to post by beezzer

 

reply to post by pirhanna

 

The debt ceiling has been raised 74 times since 1962...this isn't something abnormal. It is a regular process...but it is just another opportunity for the Republicans to turn it into a big circus.

You can't cut spending to avoid this...it's just not possible. They can let our bills go unpaid, they can stop paying out social security or paying the troops...but they can't "fix" this by cutting more "spending". The spending has already been planned and approved. The only other option is to stop paying their bills.

This isn't an option...the debt ceiling will be raised...we just have to sit and listen to the silly Tea Party Republicans pretend like they are gonna block it. Then at the last minute, just like with the budget, they will raise it.

But there has to be a threshold. An upper limit where it becomes unsubstainable. Is this the point? If it isn't, then what is?

Originally posted by sonofliberty1776
reply to post by OutKast Searcher

 

Lose everything. Wipe the slate clean and start over. Try to follow Andrew Jackson's lead this time and not allow the gottverdamt bankers to control everything this time.

Private central banks create the scarcity because they issue the currency and then lend it to commercial banks at the prime rate. Commercial banks then lend it to business and consumers. Business and consumers then get taxed by government to raise funds they never had to begin with.

The whole con is that everyone and their mom thinks the government issues money out of thin air just because the USA Treasury prints it. All the USA Treasury does is provide the printing service for the Federal Reserve and nothing else. The money does not belong to the USA Treasury and USA Goverment!

In essence the only way to balance the books or cut the defecit is to collect more money from taxpayers then services provided by the government which means someone will get ripped off in that process. Its totally unfair if you look at it logically.

The Treasury bonds are government loans to any interested investors. If the government does not wish to balance the budget or reduce the defecit by ripping off the people it can simply borrow money that it can't really pay back. It is exactly a pyramid scheme where the first people "to invest" get paid interest from those that "invest" later till there are no more "investors" to pay the interest plus balance.

Pyramid schemes have been outlawed for the non-elite but if your a central banker it ensures perpetual obedience from your minions and they can collapse the pyramid at any time by allowing/encouraging governments to not raise the debt ceilling thus triggering a systemic collapse, first at a national level and then on a international level. That is exactly what the globalist capitalists want so they can institute the amero or the infamous digital world currency if the euro collapses as well. Then come the RFID chips(666) and big brother controlling everything you do through the nsa echelon program. Its not pretty..............

The solution to the problem is for our unconstitutional congress(last constitutional congress was 150 years ago during the lincoln era) to abolish the Federal Reserve and replace it with US Treasury Notes as has been done in the past. All the debt can be repaid in US Treasury Notes and if the creditors refuse payment they will forfeit redemption. The private central bankers will get mad as hell and declare the USA Government "a terror state" like libya I suppose and NATO through the UN will attack washington or maybe the chineese and russians will.

In the meantime just keep raising the debt ceilling to buy us more time and make more people aware/angry!!!!

Originally posted by sonofliberty1776
reply to post by OutKast Searcher

 

Like I said we won't. There is going to be pain and yes death either way. That is unavoidable now. However one choice strengthens the elite's control over us. The other gives us a chance to regain our freedom and become a great nation again. I see that you choose slavery.

I don't share you gloomy outlook...sorry.

The debt ceiling will be raised...business will go on as usual...no different then the 74 other times this has happened since 1962.

Debt is an issue...and like all debt...responsible people pay it down slowly and on a budget that doesn't kill them. It will take time, some things will change...but it's not as scary as you are projecting...IMO.

reply to post by daddyroo45


Same here. It made sense, we never went hungry, and there seemed to be a lot more civility in life. I can remember trading 5 or 6 empty glass bottles for a cold RC Cola and a hot dog from the little store in town.

Anarchy it may be, but I've never had much use for government in general and especially a government that takes and takes and takes fom us taxpayers and in return they come back with their hand out for more.

Cutting the whole thing like was mentioned in this thread would be catastrophic in the short term, but survivable and could be a good thing. The more I think about it the more I agree with it. The debt has been out of control for a long time and it has snowballed to an unsustainable noose around the common man's neck that tightens with every day that passes.