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To: cliniclinical
From your posts, I know you probably know this, the Fed is buying "Agency," paper now. Just like Kalifornia issuing "script," it's all the same.

And yes, you are correct, it's all unconstitutional.

In my not so humble opinion, the excrement is going to hit the oscillator in the next two or three quarters, and it won't be pretty.

5.56mm

39 posted on 09/02/2009 7:11:32 PM PDT by M Kehoe
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To: M Kehoe

We’re about at the logical end of the road on this deal...

Next steps are going to be pretty bold intrusions into people’s private lives, and corresponding reductions in freedom.

Buckle up ;)


41 posted on 09/02/2009 7:19:06 PM PDT by cliniclinical (space for rent)
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To: M Kehoe

I agree the excrement will hit the fan in the future but I don’t think enough people really understand the danger we face. We might be able to maintain this illusion for a few more years or even a decade but the end is certain as long as we keep the entitlements.

As a poster above stated..... people buy debt with an expectation that the return will be a profit over inflation. I am not an economist but it appears to me this is a certain disaster and the only way out of it will be to kill the programs. I don’t see either party doing this any time soon. The entitlements will eventually dwarf all other debt in our nation.

Anyone else think our economy will enter an endless cycle that will eventually destroy our dollar? I know some think it will be deflation. I still think it will be inflation when they cannot sell debt. I think they will print endless money to prop up the entitlements. Either way, we are screwed.

I am very angry for my children who will suffer the most for the sins of those who came before them. This is not what America stands for is it?


44 posted on 09/02/2009 7:45:49 PM PDT by volunbeer (Dear heaven.... we really need President Reagan again!)
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