It's painful just to keep seeing this in print!
Representative Scott Peters (D-CA) introduced ... the Pay Down the Debt Act
Deplete net private savings? Do they TRULY not know what they're saying?
While economists rearrange themselves on the deck of the Titanic, we're still left with a simple need for multiple analogies, to deliver adequate context awareness to more of our diverse audiences ... before our national hull breach widens further.
This is going to be devastating for our entire electorate if this idiocy continues. They're urging us to voluntarily do what the EU has done from Greece to Germany - arbitrarily and severely limit national investment in our own population. Might as well spend more on yourself, by letting your kids and grandchildren starve, go uneducated, untrained, and without meaningful futures!
Why? They THINK that that is the "easiest" way to "stabilize" a banking and currency system which they flat-out do NOT understand. In fact, they have it ass backwards.
One analogy is a few senile automobile drivers mistaking their brake and accelerator pedals in the middle of a crowded NASCAR field all trying to move at top speed - and assuming that all drivers should or will follow their lead simultaneously ... and that any possible result will be a good thing!
Why? They THINK that that is the "easiest" way to "stabilize" a banking and currency system which they flat-out do NOT understand. In fact, they have it ass backwards.
One analogy is a few senile automobile drivers mistaking their brake and accelerator pedals in the middle of a crowded NASCAR field all trying to move at top speed - and assuming that all drivers should or will follow their lead simultaneously ... and that any possible result will be a good thing!
Reality is that EVERYONE is going to get hurt, and for no good reason. Let's try their own logic on their situation.
NASCAR is running out of speed?
And therefore NASCAR should pay down it's speed debt?
Speed don't grow on trees, after all.
And, we can't keep borrowing our speed from China?
And therefore NASCAR should pay down it's speed debt?
Speed don't grow on trees, after all.
And, we can't keep borrowing our speed from China?
These idiots who confuse a nation's fiat currency bookkeeping with their own private finances only THINK that they will be spared. That's like our senile NASCAR drivers being unconcerned at the prospect of NASCAR going bankrupt ... because they own their own cars! [werks fur mi!]
??? Really?
What is the point, if all the fans go foraging for food and the racetrack is abandoned? It is embarrassing, humiliating and horrifying to watch the USA do this to itself. We need far MORE people to speak out! ASAP. In many different ways.
Senile old folks slowly rearranging deck chairs on the Titanic? Is that the best we could do?
Sending misguided BoyScouts to HELP grampas rearrange deck chairs? Sadly, that doesn't help.
Any other suggestions? Before they all fall down?
1 comment:
The only suggestion I could make is to support something lie HR2535, which at least introduces new seigniorage in the form of coins into the economy directly. See here:
http://www.opednews.com/articles/Why-does-Congress-Nickel-a-by-Scott-Baker-130804-838.html
I know it's a puny amount, but it's proof of the concept of debt-free money, that money can come directly form the gov't not from a bank with interest to idle fat bankers and their cronies.
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