At What Point Does the U.S. Just Go Broke?

newsmax.com ^ | , August 22, 2008 | staff

[ovrtaxt]

What do they say- if you owe the bank a hundred bucks, you have a problem. If you owe the bank a billion bucks, the bank has a problem.

If it all goes down badly, let the central banks try to collect. We still have ammo.

[mad_as_he$$]

Every time I find one of the old laws on the net I download it and print it out. They come and they go. Trying to find stuff prior to 1911 can be very time consuming. Read the Treaty of Avalon. it will scare the he$$ out of you

[combat_boots]

Thanks. WIll go find this treaty of Avalon. Years ago, I read the Trafficant pieces he let fly just before going to jail. There’s some interesting historical references in there, if they’re still around somewhere.

[mad_as_he$$]

http://www.the7thfire.com/Politics%20and%20History/TraficantUSBankrupt.html

[ovrtaxt]

I had a discussion the other day about Colonial Scrip and Franklin’s record of economic tensions between the colonies and the Bank of England- which according to Franklin, was the actual cause of the Revolution.

Amazing how popular American history has been sanitized of the history of banking.