US shut down averted...for now...
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by 2503830
Short musing over current events -
Does anyone also think we're watching a crappy B movie with this whole "congressional shut-down" ?
Oh my god, disaster, disaster, we can't agree to raise the debt limit...and on the LAST minute ( a few hours ago if i understood correctly ) we had a miracle: The republicans from the house agreed to sign a "deal".
Whenever you hear that republicans and democrats have made a 'deal' - you know it's going to be VERY bad for the average american.
So i am just speculating but i bet Obama, like the cowardly spineless 'president' he is , AGAIN, gave up some social programs designed to help the poor and needy, or may some tax breaks for corporations ( as if they weren't already dodging taxes like there's no tomorrow ).
Either way republicans probably got something out of this while they BLACKMAILED...who you think?
Who you REALLY think they blackmailed?
Democrats? hardly..they don't lose anything here. No lol, it all of YOU, the american PEOPLE has had a gun to their heads by the GOP until we gave them what they wanted.
Nice.
And the recent 'talks" with wall street banks that Obama has had may have something to do with the sudden shift in republican drive to oppose everything Obama.
because let's face it, who really loses in a default. The people? yeah ok i guess, to a degree.
But who loses BIG TIME?
The...creditors, that's right. They get, pardon my french, the finger and are told "we can't pay you, have a nice day".
So the raising of this debt limit is good for the banks. Hello.
And let's be honest here.
The US reputation is now in shreds now that China , Russia and whoever the hell keeps loaning us have seen how 'stable" our ruling system is...NOT.
And let's not forget the most important problem of all - you can't keep on borrowing forever. A crash WILL come, we can't avoid it.
I mean i personally don't see a way to avoid it really. And the more we pile up debt, the higher the fall is going to be.
Pff...that's it. That's my pep talk for today.
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100% with you here, thx for the read
what is about to come for every country has already started in US.
"..whoever the hell.." is...
Major foreign holders of US debt: http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt
The Caribbean banks, Belgium and Luxembourg are all most likely fronts for oil-exporting countries and hedge funds who don't want to expose their positions.
After the foreign holders, the next largest holder of US debt is the Federal Reserve, who basically monetize the national debt through "quantitative easing" -- which at the end of the day pretty much amounts to printing money.
well, the idea is if the economy is to grow at three percent, there needs to be an increas in the money supply, and as such, there must me money printed. but for money to get into society someone must distribute it. if the government handed every american money it would become worthless. so the government gives it to its workers. so he governemnt must run a deficite in order to distribute the money. and well ok maybe the government is having too big of a deficit recently, the government should grow its debt at 3% greater than economic growth to cause a bit of inflation, so people would rather spend than hold the currency. so really. this is going to happen if it did not happen we would be in very much trouble. then the american people need an enemy or they will fight themselves, we went after communists, we went after terrioists, now we must go after our government. other wise we would go after ourselves. humans are territorial, we need to control things. we need to gain more power. if we do not fight a common enemy we will fight ourselves. but i guess once we get rid of the government. then we will all die 🙁