June 1st 2017, America Runs Out of Money Again

[The man in the mountainParticipant 4102]

Prepare your whore repellents, your anti SJW safety jackets and pray to God, Allah or any other name you give it, the collapse is on the horizon already, like a big tidal wave of Menstrual chaos…

[Anonymous 42]

When you do the math we’re f~~~ed!

[It’sallbsParticipant]

There is never enough money because of fractional reserve lending/banking.

I’ve explained it on here before.

http://www.leavemeansleave.eu

[Faust For ScienceParticipant 22521]

Anonymous wrote:

When you do the math we’re f~~~ed!

No. When the borrowers do not pay the loan it is the lenders that are the ones whom are f~~~ed.

One of the reasons people voted for President Trump is that he has a lot of experience with bankruptcy.

[hmskl’dParticipant 6406]

All fiat currencies eventually fail, even without the debt it’s historical, endlessly printing dollars; “we all think they have value” holds it all together. The only other thing backing the dollar is the demand that taxes be paid in dollars .. or the electronic equivalent .. the ability to “demand without exception” that citizens “use the dollar” to pay fees and fines and levy, taxes, tariffs, tolls and excise.
Only the fact that “everybody thinks and agrees there is value” and taxes in dollars .. without that it’s cotton-linen paper and ink.

[FunInTheSunParticipant 8283]

As long as my beloved government can tax my earnings & print more dollars, it will never run out of money.

But I’ll run out of purchasing power!

"I saw that there comes a point, in the defeat of any man of virtue, when his own consent is needed for evil to win-and that no manner of injury done to him by others can succeed if he chooses to withhold his consent. I saw that I could put an end to your outrages by pronouncing a single word in my mind. I pronounced it. The word was ‘No.’" (Atlas Shrugged)

[sidecarParticipant 35837]

America won’t run out of money, just the U.S. federal government.

Which means it’s time for it to stop spending.

See the real problem isn’t “running out of money”. That’s just a matter of sums and bookkeeping.

No, the real problem is that the federal government is simply incapable of living within its means.

[xenonParticipant 2007]

Despite the religious aspects of this guy there is something I like about him. Hard to not like a guy with what appears to be a Fender Jazz bass and a Gibson LP guitar on the wall. No fan of fiat currency here either but that argument has gotten me blank stares my whole life. I don’t agree to the basic concept of a country like the U.S. having to borrow at all. Mistakes were (perhaps deliberately) made ages ago that started this debt spiral and no one in government has the desire to take it on. They all profit from it. Twenty followed by twelve zeroes is a large number. Almost every person I know glazes over when I ask about scientific notation and how many millions it takes to make a billion. The same as how many billions it takes to make a trillion. Twenty zeroes of debt is the biggest sign that government doesn’t work for or care about you. Divide the debt by the population and you will see what they will be demanding from each and every one of us when the excrement finally meets the ventilator. Probably the first time the people have the b~~~~ to say no to a bank bail out and certainly no to a bail in. I have been calling it a property grab for years. How else will they extract my share of a debt I never agreed to?

[ThanasiParticipant 428]

It’s a perfect storm just waiting to happen.

Fiat money, not backed by gold is just a massive disaster and rip off. When the rest of the world realises what the $USD is really worth, it’s a slippery slope.

And because the West has become fractured with this multicultural experiment, then it won’t be like the old days when local communities banded together to get through the rough times. Civil war will break out.

There has already been a property grab of sorts but between generations. Over-valued homes, Chinese cash, has just elevated house prices beyond what the next generation can pay. Intergenerational theft.

[Author]

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