The Decline And Fall Of The American Empire

Off with their heads!

It's becoming increasingly clear that Obamugabe is a "Dicktraitor"!

Blah, blah, blah, blah .... what a load.

If you want to know what is going on click HERE

It's all about the European bankers, the Fed and bought off politicians. Very interesting must-see video documentary that 'splains it all. It's very scary.

maybe his smarts disappeared with his eyebrows??

What asylum is this guy living in, it is quite possible that the credit rating will be downgraded even if they come to an agreement.

His idea of bipartisan compromise, is they will do it obamas way. this guy is selling the Whitehouse position which is totally out of touch with reality.

Geithner's skills are *way* overrated, which is a common characteristic of the people that Obama has surrounded himself with.

So you have mediocre individuals, who are also "yes men" for Obama, and the country goes down the tubes.

Worst President *ever* in my view.

Actually, as much as I dislike Obama he's making an excellent political move here. This is a setup to blame the Republicans and in particular the Tea Party movement for the "crisis" he actually created.

As soon as these clowns stop playing chicken and pass some token deal the market will bounce. Thisis when I will be buying more gold and shorting the entire market preparing for the inevitable collapse.

my thought exactly dan!!

Dennis:

Deal or not, the US credit rating will be downgraded within three months ... the S&P has already issued its warning.

Because of the downgrade and the increased interest payments, the US dollar will continue to plummet and hyperinflation is on the horizon.

Meanwhile, as the price of everything continues to go up, Obama will continue to blame greedy oil companies for the suffering created by both parties unwillingness to cut spending.

It's such a transparent and cynical game that the ruling class plays with its populace.

The Fed allows the giant banks ( the ones considered " too big to fail " ) to borrow at a quarter of 1%, which they turn around and lend to the government by buying bonds , which yield 3%, giving the bank a guaranteed risk free profit, and giving Obama the money he needs to enslave America and buy re- election. The downside is savers get approximately 0% on their CD's, and firms find it impossible to get loans from the banks who would much rather earn the 3% on the Treasury bonds, then go through the risky and messy process of smaller scale lending. This is the change, and Obama wants to deliver 4 more years of it.

"If you listen carefully now"
The problem is we're not listening to him "carefully enough".
I agree.

Austerity measure #1
I say we bring our own splitting axes from our garages instead of investing infrastructure money on guillotines.

Eeerrr... Abe Froman, that link is mostly crap. His history of Ancient Rome and Caesar's government is utter rubbish. The Romans got away with fiat money for a very brief interlude, until their loot from Caesar's Gallic conquest ran out, then foreign merchants stopped accepting Roman "toilet" money, and reverted to hard currency.

Now if Rome was entirely self-sufficient and insulated, that wouldn't have been a problem. But Rome was almost entirely dependent on Egyptian grain, Thracian metallurgy, and had a vast empire of relatively unhappy people to crush into submission periodically.

It is an ancient military fact: you can't hire Gallic or Sarmatian Heavy Cavalry, or Macedonian mercenary pikemen, with fiat money. Why? Because it isn't clear that you're going to win your little war, and if you don't, their pay is worthless. So to equip an army to secure your borders from Barbarian raiders (who BTW are contributing to your dependence on Egyptian grain by regularly stealing your crops) you need gold (silver and platinum would do as well). In other words, hard currency, internationally-recognised currency.

I'm afraid Mugabe already tried this fiat money game as an attempt to rid himself of "western imperialist provocateurs". His debts were mostly forgiven by white-guilt-ridden leftie governments in Europe and North America, but somehow his fiat money system isn't working out so well.

Sorry to break it to you all. It's not the banks, nor the financiers (where were these "fiat money" fanatics under Clinton in the roaring nineties when the debt money market was working fine?). And gold is a stable bet for value ONLY IF no one starts dumping gold reserves, like the Soviets started doing in the mid eighties to pay for Afghanistan, or no one suddenly discovers a vast new supply. That's what happened to the Spanish Empire after Cortez. They found plenty of Inca gold and silver, and spent it into debauchery.

Most governments have yet to master how to predict and manage forest fires, yet some people think a government agency, full of people who've never even so much as run a gas station, could manage something so incredibly sensitive as a money supply? Christ almighty.

The debt money system isn't the problem. Political interference is. The mortgage crisis broke because banks were forced to lend money to unworthy borrowers who happened to have been in a "historically disadvantaged" group. Europe's crisis has occurred because EU governments have decreed benefits and payouts to people who are simply not productive, ie the government is legally mandated (by union agreements and civil service contracts) to pay more out than the economy is able to generate in wealth. It is really incredibly simple, but requires acknowledgement of some uncomfortable facts.

Like the "historically disadvantaged" groups are in fact unsuited to managing household budgets in their current state of mind...

Did you guys know two things (1) The EU is having a serious look at the ratings agencies (like Fitch and S&P) because they rated CDO's "highly", but at the same time,
(2) Eric Holder is going after banks that are refusing to lend to "unworthy borrowers" if those borrowers are from a "historically disadvantaged" group. In other words, the government is decreeing who the market lends to, and how much. He also would love to pass a law making "credit ratings" illegal in the US.

So Eric Holder wants a repeat of the subprime mortgage crisis, and at the same time wants to LEGISLATE inaccurate assessments of people's creditworthiness, while the EU bemoans such inaccuracies in the first place.

No, I don't trust any government to mandate the money supply. Government needs to get out of the business of telling banks who to lend to, and the money system will take care of itself.

Um, yeah Dick... you forgot to insert the mad laugh at the end... muhhahahahah. :)

What a pile of claptrap; this syncophant, sophist with his sideway sneer and condescending eye raising wink wink is the epitomy of the self serving baby boomers who brought the financial system into disaray.

It is "we the people" represnted by the "Tea Party" who has revealed the calumny of this reprehensible individual. I believe the "Great Experiment" will continue apace and the slippery characters will slide away.

General Andrew Jackson set aside the European money trying to buy control of the United States when he closed the 2nd Bank of America. There will be a similar situation when the next Congress, with or without a change in President. Cheers

Yeah, that's some nice anti-Catholicism there, Dick.

Anyway, it's obvious that the current leadership of the US doesn't care that someone down the road will have to foot the bill for this mess.

Hopefully the American people can through the Tea Party and like minded patriots reverse the damage the last three administrations have done to the financial stability of the US.

Dick, I would suggest, that even though my wife and me are not Catholic and attend but do not belong to a smaller non PC Protestant church, the Catholic church has been the least of the major Christian churches to be affected by the PC disease and has been in the forefront of defending western democracy. Most of the others have drank too much Marxist koolaid and in fact support or go out of their way to appease those who would destroy western civilization.

Dick:

Thanks for living up to your name.

If somebody just doesn't have a clue, you'd expect their guesses at what to do to at least be lucky enough to be right some of the time.

But they choose the path which is bad for America almost every single time.

I've known real Orangemen in my time, Dick. You're a sorry-ass fake. There's not an old queen in the College of Cardinals who couldn't bugger you before breakfast without breaking a sweat.

Now run along before the Pope catches you.

Power it seems makes for delusion or a slow drug dream. These Elitists have no grasp of any reality the World lives in. Even when they watch others on the same path default to the point of being broken Nations.
How could they with the entitlements they receive?

PS Dick. I belong to a real Bible believing Church where most of us even thoug w we disagree on certain doctrines applaud the Catholic Church for staying firm on Moral principles even if a few priests are corrupt. Its not like it dosent happen in our churchs as well. Joshua said that Weeds would infect the Church, but not to pull them out least the faithful are pulled as well.
Read your Bible man.

When do the beheadings begin?

Uh, Dickie boy, England has been Catholic far longer than it has been anything else, though it is no longer Protestant but one of the most secular countries in the world.

Larben:

Maybe I'm wrong, but I thought England was racing along towards becoming an Islamist republic.

Now as far as Timmah "The Safecracker" Geithner is concerned, he is not a banker, despite his background at the New York Fed. He is a politician first and foremost, and will do whatever he can to advance Bambam's statist agenda. A lot of people have been quoting Atlas Shrugged here recently. What did Rand say was the hallmark of the "second rater"? Power, or rather the lust for it.

And what has Bambam done? Increased the government share of the economy with borrowed money, and then used that borrowing as an excuse to raise taxes on people. He's appointed 32 "czars", for which he has no constitutional authority, to control vast swaths of the economy. He not only didn't end the wars in Afghanistan or Iraq, he's just ordered another large group of Guardsmen to Iraq (and you thought that war was over!). Gitmo? Still open. Department of Homeland Terror^h^h^h^h^h^h Security? Bigger than ever. TSA? More intrusive than ever. The EPA? About to start another job-killing rampage. He's achieved exactly what he wanted all along: power. Especially power over whitey.

Of course he's all for accomodation of illegal Mexicans (illegal Canadians? Not so much.) Arizona wants to check for illegal aliens? He's all against that, but retarded operations like "Gun Walker" which provide sophisticated weapons to Mexican drug lords get his approval.

Just as Trudeau did his best to remove the English history of Canada, so Bambam is trying to remove the influence of white people, first by vote fraud, and second by taking as much money from them as he can. And yet the Republicans can't find a single decent candidate to run against him. It's enough to make one cry.

Its amazing how America is becoming a fascist dictatorship under the Indonesian Muslim Lord. I never thought it could happen in the US but when a president can address a blantantly racist group like La Raza and tell them "he'd like to make laws without Congress." You know somethings up.

It may be time for King George Act II.