RogerB
Crusader
Re: The old days - Aboard the Apollo - 1973
Lakey,
Think it through . . . the strategy you cite above is the route to USA joining the banana republic class.
The colossal loss of value of the $$ will result in it having to buy foreign currency to import what it needs.
What is in the works is the loss of the USA position as the exclusive currency of international trade settlement and the marker of "foreign currency reserves."
The US is headed to being just another country having to buy what it imports with a "currency" that is acceptable to the producer of the goods being purchased.
Think what that means to US hegemony!!!!
R
The Trojan Horse has been let in! That is a very visual metaphor, saying a lot in just a couple of words.
I liked what Terril's informant had to say about interests in the Obama administration wanting big inflation to occur in the USA. It makes sense. The Obama administration doesn't seem to care about creating a budget to operate from nor creating an enormous debt hopelessly spiraling out of control, a debt so fantastically large that it can never be paid back - using today's currency.
Those are the key words, using today's currency! They have no intention of using today's currency but will use tomorrow's hyper-inflated currency!!
Perhaps, though China is in control, the Obama administration has a strategy to enable the US government to call some of the shots. The Obama administration could be staging a "rear guard action" behind enemy lines in doing everything possible to wreck our currency and cause hyper-inflation of the US dollar. This would align with the goals of the Marxist wing of their movement which believes that the US has been responsible for most of the major maladies of the world and that US wealth was accumulated through the labors of and the at the expense of the working class.
Obama and the powers behind his administration could be thinking about the deficit in the following manner: The deficit is 16 trillion, let it run to 20 trillion, 25 trillion... whatever it takes to grow our economy but make sure the US currency gets weaker and weaker. When the time is ripe, the US government will pay off its debt, no matter how large, with super inflated paper money.
This method of doing things is a sort of amalgamation of standard bankruptcy procedures and hitting the reset button and declaring all debts cancelled.
It provides a gradient approach where similar results to a total reset can be achieved with the advantage that in dealing with hyper inflated currency with a rapidly diminishing value, the reset can be eased into over a period of time and without formally declaring bankruptcy.
The hyper inflation strategy totally explains why the Obama administration has no interest in balancing a budget or even approving a budget and they are totally oblivious to debt reduction and actually want the debt to become insurmountable. It makes a lot of sense and explains what otherwise would be unexplainable!!
Borrow your way to wealth, using ever increasing amounts of money with no backing. Don't worry about the size of the debt. Whatever the debt is, it will be paid off in hyper-inflated currency. This is the road to fair distribution of assets world wide! Brilliant except for the fact that it can't work.
Lakey
Lakey,
Think it through . . . the strategy you cite above is the route to USA joining the banana republic class.
The colossal loss of value of the $$ will result in it having to buy foreign currency to import what it needs.
What is in the works is the loss of the USA position as the exclusive currency of international trade settlement and the marker of "foreign currency reserves."
The US is headed to being just another country having to buy what it imports with a "currency" that is acceptable to the producer of the goods being purchased.
Think what that means to US hegemony!!!!
R





I am fishing for answers and your response fills the bill.