Says the buffoon who only days ago was seeking ideas on how we're going to "land the plane". Despite your own repeated claims of us being "past the event horizon".
Yeah, but they wrote this: We hold these truths to be self evident that all men are created equal.....inalienable rights......etc. So, which is it? If you read the bible it would appear that this structure was "a house built on sand" Or, as Malcolm put it, " a case of the chickens coming home to roost".
That's been the overriding opinion which has led to neverending rounds of Quant Easing, suspension of MTM accounting for the big banks and God only knows how much "behind closed doors" trickery to keep the status quo in place. The thing is we are in worse shape, in many ways, right now than we were in 2007...Europe is exponentially worse...we've run up incredible amounts of debt here just trying to preserve the status quo...and just about every country has lowered rates to record lows and/or used co-ordinated efforts amongst central banks to keep the "contagion" that you speak of away for another day, week, month. The bottomline is that we are operating under "emergency measures" as a sort of "new normal". Zero Interest Rate Policy is meant as a short term solution, it was never intended to become the de-facto policy tool to generate growth for years at a time. Basically all central banks have boxed themselves into a corner and have exhausted just about every reasonable means for stimulating growth...anything more will just precipitate a rapid race to the bottom and end it all.
The conservative mind is incapable of nuance, this is well known. We are past the event horizon, but we can still land the plane so as to maximize survival. But, you are a pilot, right?
So then we WILL get money. Because if people cancel out our debt (which is what you're no doubt referring to) then they're in effect giving us money. Bailing us out. You think that is how it will happen, do you?
dumbass too big to fail REQUIRES another lender of last resort ,who's gonna bail us out URANUS? Geez and you wonder why I call you AA boy!
Only in liberal LA LA land, not in the real world. The "event" was the wings falling off, there is no landing. Just an upcoming smoking hole in the ground. Yeah, unlike your lie about it. I actually took flying lessons. You really want to go there again?
You stupid tard the Declaration of Ind was made because we were supporting taxes we had no voice in. Today we need one in which people who do not support the federal system(taxes) are not allowed to out voice those who do.
I have been lucky enuf to live thru LTCM and Lehman. A default of the United States would end the world as we know it, and that is not hyperbole.