ATTENTION, AMERICAN PEOPLE! YOUR GOVERNMENT, IN THRALL TO THE CORRUPT PLUTOCRATS OF WALL STREET, IS ABOUT TO BAIL OUT WHAT IS LEFT OF THE FINANCIAL SERVICES INDUSTRY AND, WHO KNOWS WHO ELSE. YOU ARE GOING TO PAY IN WAYS YOU NEVER DREAMT OF IN YOUR WILDEST NIGHTMARES.
IF YOU DON'T TAKE DRACONIAN ACTION NOW, HERE IS WHAT IS GOING TO HAPPEN:
THE U.S. BOND MARKET, THE PLACE WHERE THE GOVERNMENT RAISES ESSENTIAL FUNDS TO PAY FOR THE DAY TO DAY RUNNING OF GOVERNMENT WILL BE DECIMATED. WHY? HOW?
LET'S START WITH...
1.) YOU THE TAXPAYER, HAVING VERY LITTLE WHEREWITHAL, WILL, GOING FORWARD, PROVIDE SHRINKING TAX RECEIPTS TO THE GOVERNMENT.
2.) FOREIGNERS, SENSING THE PARLOUS CONDITION OF OUR NATIONAL COFFERS, OVERBURDENED AS THEY WILL BE WITH NEW, CRUSHING OBLIGATIONS, (AND DISLIKING US ANYWAY) WILL CEASE TO PONY UP AT THE BORROWING TABLE.
3.) THIS WILL NECESSITATE MASSIVE MONETIZING-PRINTING MONEY- BY THE GOVERNMENT IN ORDER TO PAY FOR ALL THAT THEY HAVE NO FUNDS TO PAY WITH. THIS WILL IN TURN LEAD TO HYPER-INFLATION. IN A HYPER-INFLATION, SUCH AS EXISTED IN WEIMAR GERMANY, BONDS CAN NOT BE PROPERLY PRICED. THAT SPELLS AN END TO OUR CREDIT MARKETS. WHEN THAT DAY ARIVES, WE WILL WELL AND TRULY BE A FINANCIAL AND ECONOMIC BACKWATER.
GAME OVER!
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3 comments:
I believe you pretty much summed it up. Scary stuff, but still the average American doesn't even want to understand what is going on and WHY it is going on. As such, our government still has the green-light to keep going forward with in their march towards the inevitable collapse of the house-of-cards "economy" as we know it.
Thanks for dropping in Mike, and while I agree about the likely outcome I urge you and anyone else who is reading this blog to e-mail your senators and congressmen and women that you utterly oppose the under the present provisions.
That would be utterly oppose the bailout plan under the present provisions!
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