Forum Home | Log in | Signup | My Page | Rules | FAQ | Boards | Members | Search
« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: Weather events 2 

By: micro in POPE IV | Recommend this post (1)
Wed, 13 Sep 17 5:13 AM | 129 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 33920 of 47202
(This msg. is a reply to 33886 by Decomposed)
Jump:
Jump to board:
Jump to msg. #

De

not saying to do this, but have seen it done...

When there is more debt than possibly be repaid, you simply do not repay it.... You give yourself a big credit and cross it out and start from scratch....

Ever have a company go bankrupt on you ??? And you were a creditor, one of MANY in a long list???

I got NOTHING... Twice.... Those are the chances governments take when buying someone else's debt and knowing full well the full faith and credit of the GUBMINT is not SQUAT. Especially the CREDIT part.

That is what will ultimately happen. The debt will be wiped clean. Those who are holding the bag will just have to go on.

This is just my opinion but as a businessman. I have seen it numerous times personally...

micro....


 - - - - -
View Replies (2) »



» You can also:
- - - - -
The above is a reply to the following message:
Re: Weather events 2
By: Decomposed in POPE IV
Wed, 13 Sep 17 12:34 AM 		Msg. 33886 of 47202

Lkorrow: 

re: "The root causes of TEOTWAWKI are very obscure . . ."

They're only obscure because TEOTWAWKI itself can mean many things: E.M.P., supervolcano, meteor impact, disease pandemic, nuclear war, nuclear winter, artificial intelligence, anthropogenic global warming, ice age, terrorism, civil war.

The only one I take seriously is economic collapse. (Terorism and E.M.P. are distant seconds.) The root cause of economic collapse is obvious enough: It's our government's intent to spend itself into oblivion through the exploitation of fiat currency.
 

re: "Step 1 has been taken, recognition that what is happening is elitist exploitation of society overall and squeezing every last penny out of the people, who have not organized to defend themselves and our way of life. "

While I agree that that may be Step 1, I disagree that it has been taken. Remember that the problem is bigger than just us. It's global. Most of the world hasn't acted out against the Establishment. The Brits have; we have and Iceland. Has anyone else?

While some of President Trump's supporters may be rebelling against elitist exploitation of society, I think many were actually rebelling against Hillary Clinton. If Bernie Sanders had been the Left's nominee, he would be President today. Bernie's policies were even worse than Hillary's. Joe Biden would also have won, and he's as "Establishment" as they come.

Meanwhile, eight months in office and the U.S. debt under Donald Trump is continuing to worsen. It made headlines for topping $20 trillion yesterday. If those who tally the federal debt want to be honest, they'd also include Social Security and Medicare obligations... suddenly turning our twenty trillion dollar debt into a ONE HUNDRED AND TWENTY trillion debt. Conservatively. I think the number is more like $200 trillion.

We have 325 million citizens in the United States. There's at least a hundred and twenty trillion dollar debt. Do the math. We're NOT going to find a clean solution to this mess. It's far too late for that.
 

« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next