There's only so much you can borrow from the future till the center doesn't hold. Its really all just a matter of energy and money represents energy as time worked and saved thats one of the major characteristics of money a store of Wealth. Its Olduvai theory coming to fruition fucking amazing.
@BLynchCAN not sure they had any choice. I guess they could do the right thing, but I don't think they're prepared for that - and it isn't exactly politically expedient.
@yogiudo I agree, they have to raise the debt ceiling to keep the banks going. It will probably take years for all the 'fake' money, CDO's and all the other financial garbage to be wiped out. Meanwhile if the scheme is interupted, all the big scammers fail. If that was to happen all would be exposed. Na, this will be dragged out like Japan.
There's only so much you can borrow from the future till the center doesn't hold. Its really all just a matter of energy and money represents energy as time worked and saved thats one of the major characteristics of money a store of Wealth. Its Olduvai theory coming to fruition fucking amazing.
NovusChaoMundi 7 months ago 2
@NovusChaoMundi I gave you thumbs up.
yogiudo 7 months ago
@yogiudo Thanks :)
NovusChaoMundi 7 months ago
@NovusChaoMundi Can't buy what isn't there, dwindling resources.
jimbobubbadj 7 months ago
@jimbobubbadj So true
NovusChaoMundi 7 months ago
Yes. Prolonging the inevitable. At some point, China and other countries will stop by treasuries then the gig is over.
macadily 7 months ago
@macadily that is possible.
yogiudo 7 months ago
@macadily I agree but what is taking them so long? Its obvious that either the US will default by way of hyperinflation or by outright default.
jimbobubbadj 7 months ago
So the scam continues for another year.
BLynchCAN 7 months ago
@BLynchCAN not sure they had any choice. I guess they could do the right thing, but I don't think they're prepared for that - and it isn't exactly politically expedient.
yogiudo 7 months ago
@yogiudo I agree, they have to raise the debt ceiling to keep the banks going. It will probably take years for all the 'fake' money, CDO's and all the other financial garbage to be wiped out. Meanwhile if the scheme is interupted, all the big scammers fail. If that was to happen all would be exposed. Na, this will be dragged out like Japan.
BLynchCAN 7 months ago 2