BiggerPockets

Very worrisome. But not unexpected at all.

It has also been written and illustrated nicely through graphs and charts that we need china, but that china doesn't really need us so much, or as much. They are a creditor nation, like we used to be. But now we are a debtor nation.

The consensus amongst the conspiracy theorists is this:

The US will be downgraded. Treasuries will be out, the last remaining haven will be metals like gold and silver. The U.S government will start paying off all it's debt with inflating and hyper-inflating dollars before converting us to a new currency.

The suggested way to come out ahead on this is to watch for when the government starts paying off all its debt with inflating and hyper-inflating dollars. As they're doing so, that is the time to pay off mortgages and such, just before the currency collapses, as it's hyper-inflating. That will set you up free and clear for the new currency.

Pretty picture eh?

might I ask a dumb question?

can obama legally spend money that does not exist without the will of the people, and is it really impossible for him to be stopped?

Originally posted by Shana Gray

might I ask a dumb question?

can obama legally spend money that does not exist without the will of the people, and is it really impossible for him to be stopped?

I don't think it's a dumb question. It reminds me of a quote I just read. Something along the lines of "The people of a nation have the government they deserve".

I would be surprised if one out of every fifty American citizens knows anything about the inception of the federal reserve system, what the fiat money is, and how fractional reserve banking works. I do not completely blame Americans for not knowing how it works. I just learned. It was designed to be hard to figure out for a reason. And those who do learn about it and voice their opinion about it are labeled as wacky conspiracy theorists. We do not learn in school here that some of the founding fathers stated that the European central banking system being forced on the colonists was the real reason for the revolution. We are taught it was about a tea tax.

If/when people here figure it all out there will be change. Then the will of the people will prevail. Their will will be properly directed. We are entering a time period that facilitates change: Pain usually prompts people to wake up.

Right now the government spending money that is created out of thin air, and the fed charging interest on it, is the norm, and the people are powerless over it. If the implications of that are ever understood by the general population, they will learn that we have never been in a real free market economy and they will evoke change. The serfdom element of it will hit them like a brick wall. It's far away. It may never happen. Right now most people think it's about democrats versus republicans: Clinton did this, Carter did that, Reagan did this, or Bush did that. The money trust people (the small collection of people that controlled most of the world's wealth back during the conception of the federal reserve on jekyll island) really did a good number on us, you have to give them credit.

In a government for the bankers by the bankers, the will power of the people is misdirected by design. If we collectively focus our will in the right area real change will happen. I doubt it will happen while Obama is in office. But I can hope by the end of his first term someone like Ron Paul is once again in the mix, and that the will of the people is targeting the real problem. (A private - yet socialist functioning - cartel of bankers controlling our currency, and therefore above all law: The greatest power of all)

Changing that is a tall order. It makes sense to many - myself included - to accept the system we are powerless over and to learn to navigate accordingly: Flawed as it may be, there is still opportunity in it.

Right now we're at a stage where many people think the federal reserve making statements about increasing regulations on banking is good news. That is like a heroin dealer making us feel confident with a statement that we need tougher laws against crack and meth dealers. That type of trickery is how the federal reserve system was enacted in the first place.
But one can still hope...

Matty,

great post. The trickery and manipulation by the goverment ( bankers ) is amazing.

The chinese drywall will get fixed. The Lt Gov has it in his house. It was put their by Rep. Gary Aubuchon.

I bet we willl have a funded effort to solve this problem

I remember reading a year ago articles how China and India could survive a downturn in America because their own economies could absorb the loss (consumption) and keep them chugging along. I called ******** then, and I call ******** now. They are export economies (China) who lack the consumer base (look at their GDP per capita) to absorb all those goods ($). I think China is just as worried about us and our own citizens are. I'm wondering how long before our country defaults. I predicted back in my college days of being somewhere about 2015 and no later than 2024 (I think that's when SS was to go bust, but I'm sure it will happen well before that).

While definitely not a model to revere, we shouldn't pity the Chinese much nowadays. To use an analogy familiar here on BP, they are the landlord with a tenant (us) stuck so far in debt, where eviction is not even an option anymore, just the faint hope that some day they may recoup some of the money.

As far as Russians go, I think we should and could look at them (worried) as a perfect example on how to fail being bogged down in endless quagmire wars on a deserted place like Afghanistan. Sounds familiar?

Although, to their credit, they did make quite a comeback in the last decade while others were sinking...

But that of course is just my opinion.