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Discussion Starter · #1 ·
Ok boring stuff but important.

Now that they have begun to monetize the debt, where we buy our own bonds with printed money, does anyone still think spending a crap load more money is a good idea?

If you didn't know, they raised the debt ceiling to a fantastic amount and authorized the Fed to buy bonds so its a done deal.
 

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For those too young to believe the Weimar Republic has any relevance today--take a look at Zimbabwe (once a prosperous place called Rhodesia)--you might get an idea of what 'montize the debt' could lead to.
 

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Rhodesia...
I hope it doesn't come to that. Regrettably, I've been raised to believe that all things are possible.
 

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Their is no doubt in my mind we are going to go the way of these other nations with wild inflation. The only hope we have is to abolish the FED.
 

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Discussion Starter · #5 ·
If we dont force them to reel things in thats exactly whats going to happen.

Getting rid of the Fed is at least 4 election cycles away until we can get rid of the Republican old guard and replace them with some real conservative libertarians. I just see no hope of ever transforming the Dems they have gone over the hill as a party forever, good luck on that if you try though. As for the Libertarian Party there is just no will to win over there, too comfortable being right to effect any change by getting elected. They may well be more hopeless than the Dems. Damn this sucks.
 
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