BANKRUPTCY!!!!!

  • Households used the debt to buy new $35,000 SUVs, new 5,000 sq ft $500,000 McMansions, on student loans to get degrees in Transgender Studies and on credit cards to buy the latest iGadget.
  • Corporations used the debt to buy back stock at all-time high prices and pay their executives huge bonuses for coming up with the plan to buy back the stock and make it go higher.
  • Governments used the debt to make people think their economies were growing when they were really just financing Wall Street and the Military Industrial Complex at 0% interest rates.

Image result for bankruptcy gif the office

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Anonymous
Anonymous

Throw in the planned OXY crisis, militarized civil asset forfeiture and the rise of democratic socialism and I think you just about have it all wrapped up. Done.

TheBurningTruth-get rite or get left. Behind.....
TheBurningTruth-get rite or get left. Behind.....

Never let a good crisis go to waste, (((they))) say. And if there’s not one handy right now, well let’s just pull a few levers here and there and make one happen real quick like. Things that make you go Hmmm.

Anonymous
Anonymous

Well past toast. …crispy
splurge

Donkey Balls
Donkey Balls

What’s the problem?

frothy
frothy

Not quite sure how this horror show ends, cuz not everybody is on borrowed money.
We’re all on borrowed time, to a certain extent.
But the frugal ones who have somehow squirreled away a stash, hoping to survive the mayhem…
Ridin’ the storm out.
Thinkin’ about what you’ve been missing in the city.
You’re not missing a thing.

The kick to the balls will be if all debt is forgiven, and the savers really are self sacrificing suckers.
Then, we all could have been keeping up with the Joneses.
I don’t see it happening, though. There will be no debt jubilee.
Sooner or later, the bill will need to be paid, and if it can’t, then no more credit shall be extended.
No more shits will be given. Nor food, clothing, shelter, healthcare.
Then, methinks we’ll really see some wicked kind of ugly out in the streets.
Now, where was that archived article by the guy in Yugoslavia, describing the scene during civil war?

Blast off, people.

MrLiberty
MrLiberty

At the heart of it all is the Federal Reserve. We can argue over the best way to achieve the goal (Ron Paul suggested simply removing ALL legal tender laws and all taxes on gold, silver, and other precious metals, and allowing any and all currencies to circulate freely and compete with the Federal Reserve notes), but the Federal Reserve MUST GO!. And Murray Rothbard argued long ago that the federal debt should simply be repudiated. Indeed, nobody would EVER lend the US government another penny, but how is that a bad thing? We are only at the top of this bottomless precipice because of debt, and our government is only this large, this invasive, this destructive, and this abusive, because of debt. How could forcing the parasites that infest our government to live within their means be bad in the long (or even short) run?

Anonymous
Anonymous

I don’t disagree with you. The FR is the root of the problem as are all central banks worldwide. None of them work for the people; only the few elites that steal everything through the central bank’s actions.

However, history tells us that you need to be able to secure debt to fight a war. If the US loses it’s ability to borrow, would we be able to defend ourselves? Now, if everyone goes bankrupt at the same time, perhaps that would work. But, in my opinion, that is a long shot.

It sucks. But I think that’s where we’re at. Basically, we’re screwed and have been since the 1970’s if not 1913.

doug
doug

How about the Govt. issuing notes instead of the fed? As it is supposed to be. Then cut the fed loose.

MrLiberty
MrLiberty

Show me a war that the nation is actually behind, that is actually about the defense of the nation (for a change), and I will show you the populace cracking open their wallets and stepping up in any way possible, to make it happen. You don’t keep something as dangerous as a central bank around “just in case.” And has it occurred to you that the REASON we have so many wars is because the central bank encourages them because they profit heavily from them? Read Hitler’s speech to the Reichstag in which he talks about his “final solution.” He points direct fingers at the German central banks and other banking interests as being responsible for provoking and encouraging all of the previous wars that decimated Germany…and he was correct. ALL WARS are banker’s wars.

Anonymous
Anonymous

I didn’t defend the central bank…I agree with you and stated that the FR is root of the problem. My point was not to keep the FR around but to keep the ability to borrow for the purpose of defense. I agree with your further points as well. Jeez.

NtroP
NtroP

How about one of those gubmint petitions that need 100,000 signatures, to End the Fed.
I respectfully suggest Admin draw it up, due to his skill and eloquence with the written word.
He could do it on a weekend, put Stucky in charge of TBP while he’s temporarily occupied with this task. I bet the signatures would only take a day or two.

Todd H.
Todd H.

Livin’ the dream, baby.

Diogenes
Diogenes

Don’t worry we’ll print more.

EL Coyote
EL Coyote

There’s a word for that, I think it starts with ‘mal’ and it means ‘bad investment’.

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