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PercyB on March 18, 2009 at 11:14 PM

Awesome!!

of loosing their shirts..

they see what happened to zimbabwe
hell even the communists KNOW
communism doesnt work

so they put all their money into the us
and now are shocked as one of their own
TRAINEES – OBAMA
is running all the world into
RUIN.

May God help us all..

you idiots voted for the democraps
you deserve what the hell you get..

Have you seen this Barack Obama’s Teleprompter has a Blog.

Love the Teleprompter. Finally, someone with some brains in that Administration.

Have you seen this Barack Obama’s Teleprompter has a Blog.

http://baracksteleprompter.blogspot.com/

Karl’s predictions over the past two years have been closer to right than anyone else I am aware of

flyfisher on March 19, 2009 at 10:09 AM

Denninger has had some very good predictions, but sometimes I don’t know what to think about his writings. A couple of days ago he reacted with great excitement to the news that Barney Frank (!) would be investigating any wrongdoers that helped cause the current financial situation. It’s like the fox launching an investigation into who attacked the chicken coop, but Denninger actually seemed to think that this could somehow save the system. Of course, this makes no sense and left me really doubting his handle on some aspects of the big picture.

Ever since that, I’ve viewed his writings with some skepticism, though I do agree that he has made some very good calls and deserves credit.

Karl’s predictions over the past two years have been closer to right than anyone else I am aware of, including Peter Schiff. Allah won’t like him because he has been a Beck guest. But Karl’s speech at CPAC was one ever conservative needed to hear.

The more that I study our situation the more I’m beginning to think that our economic destruction is a coordinated effort. Take the monetization of our debt, the powers that be know that this has never worked. Why then do it?

Either they are that stupid or there is a group behind the curtain trying to bring this nation down, and I don’t mean the Democrats.

Because it’s the coward’s way out. It feels good to begin with and puts off the pain until later. The alternative is to cut spending, but that brings the pain today, with the advantages being realized only in the future. Cowards monetize.

That explains, to my satisfaction, the reason why most are monetizing the debt. The Precedent, however, wants this fire to burn the US to the ground, which is all he’s wanted to do for a very long time. It is an evil symbiotic relationship of the cowards and The Precedent (and his fellow, true American-hating comrades).

The new world order is at the door. We can still stop it though, we need to coordinate!

True_King on March 19, 2009 at 9:13 AM

There is an utterly insane push for globalism, mostly coming out of the lunatic left, along with a few fools on the “right”, like Bush.

Either they are that stupid or there is a group behind the curtain trying to bring this nation down, and I don’t mean the Democrats.

The new world order is at the door. We can still stop it though, we need to coordinate!

it drastically increased the amount of money it will create out of thin air

Looks like we will have Zimbabwe money soon.

HT: Instapundit.

Time for more “smart diplomacy” by Hillary?

Wethal on March 19, 2009 at 7:52 AM

Peter Schiff predicted this years ago.

Just to clarify again. We are NOT financing our own debt, we are simply creating treasuries and the Federal Reserve is creating the money. We don’t create money, the banksters do, we just agree to take on the debt.

True_King on March 19, 2009 at 8:09 AM

Just before 9/11, I recall the Dems chanting “Lockbox, lockbox,” Tom Daschle in particular. It was about Social Security. 9/11 took priority.

did Congress vote on these things?

This looks like a Ponzi scheme. For which Bernie Madoff is going to jail for a long time.

But when the One’s hero FDR does it with Social Security, and LBJ takes the SS money and “invests” it in Treasuries to finance his grand plans….

Wethal on March 19, 2009 at 7:41 AM

When the US was declared bankrupt in 1933 FDR needed collateral to borrow from the Fed Res, he created SS as collateral. In essence, you and your children were used as collateral for the international bankers.

All this time both political parties have known this and done very little to address it.

There is mounting evidence that China’s central bank is undertaking the process of divesting itself of longer-dated US Treasuries in favor of shorter-dated ones.

There is also mounting evidence that China’s increasingly energetic new campaign of capitalizing on the global crisis by making resource buys across the globe may be (1) helping its central bank to decrease exposure to the dollar, while (2) simultaneously positioning China to make much greater profit on its investment of its reserves into hard assets whose prices are now greatly beaten down, while (3) also affording it greatly increased control of strategic resources and the geopolitical clout that goes with it. This is turning out to be a win-win-win situation for China as it capitalizes upon the important opportunities afforded it by the present global crisis.

HT: Instapundit.

Time for more “smart diplomacy” by Hillary?

The cool part is they are not printing money. These dollars are electronic transactions installed into a system without being deducted from elsewhere, such as the total tax revenues available line in Treasury reports.

Effectively, the U.S. is financing its own debt by purchasings its own debt notes.

entagor

This looks like a Ponzi scheme. For which Bernie Madoff is going to jail for a long time.

But when the One’s hero FDR does it with Social Security, and LBJ takes the SS money and “invests” it in Treasuries to finance his grand plans….