Central Banks To Add To Gold Reserves russia is loading up

are you really so slow as to think i said that?

especially since the reference to exactly who said it

is clearly included, in caps, right in my post

you realize you're completely making that up, right

 

You're asking it as if we are going to default. Why would we default?

 

Ahhh you were just coping the article....Try using quotes next time, that would help: [ quote ] and [ / quote] (no spaces)

Either way, thinking "we can borrow today and tomorrow, and every day after that. Being a government means you can borrow forever." is insane.

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Interest payments is more than the government can tax.

 

When will that be?

 

When our debt to GDP is too high.

 

Because it would be impossible to keep up repayments on infinity interest. It's infinity. If we don't default, then where are we going to get infinity money?

 

what a joke, the title, the author's name (in caps), the publisher, the source link et all were there

no wonder you don't understand how the national debt works, you don't even know how info is referenced

where do you think money comes from?

[video=youtube;cSmyV6e3VWI]http://www.youtube.com/watch?v=cSmyV6e3VWI[/video]

at 0:28

You see, over the past four and a half years, America has fought its way back from the worst recession of our lifetimes. We saved the auto industry, took on a broken health care system, invested in new American technologies to reverse our addiction to foreign oil, and changed a tax code too skewed in favor of the wealthiest at the expense of working families.

As a result, our businesses have created 7.2 million new jobs over the past 40 months. We produce more renewable energy than ever, and more natural gas than anyone. Health care costs are growing at the slowest rate in 50 years. Our deficits are falling at the fastest rate in 60 years.

 

But same principle, right? You and a bunch of your buddies out in the woods, taking pot shots at the Chinese Army ...until the guerilla war becomes too expensive and exhausting for the PRC and they pull out ...

and then you and your friends re-build America into a Libertarian Galt's Gulch Republic with all transactions based on gold?

Have I about nailed it???

 

thanks for the comic relief!

 

But if you want a more serious answer:

Resistance during World War II - I'm sure there would quite a lot of resistance groups in this country.

 

Why would it be impossible to keep up repayments? You do realize it's impossible to reach infinity right?

 

The feds magic it out of thin air.

It should come from production, resources and physical assets.

Too bad.Obama didn't answer my question.

 

we spend much more on our military than the rest of the world combined

a bunch of nut case kkk para-miltary groups are just a joke

[video=youtube;vu0NuJ7mcgk]http://www.youtube.com/watch?v=vu0NuJ7mcgk[/video]

at 3:20 this separatist nut case talks about the race war to come

money is an abstract concept, an invention by mankind

it's not some gift from god that has strict rules of use

adhering to 19th century practices is foolish

you're just parroting propaganda from libertarians and gold bugs that want the dollar to crash

take an economics class and see how destructive inelastic currency can be

look how chaotic backing money with commodities can be:

the point is that we're reducing deficit spending

 

I've been in and out of this forum for 4-5 years now and every single time an economic argument comes up there are the anti government folks coming in talking about interest payments on the debt, hyperinflation, losing world reserve currency status, blah blah blah... yet every single year none of that happens. They have no clue when or why it will happen, they simply claim it will happen. It's rather hilarious.

 

I agree the KKK is a bunch of nut-cases.

What does the KKK have to do with any resistance groups if this country is attacked?

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In bold: until it does.

 

i have there close to 20/20 for the 1920s
http://www.dailykos.com/story/2008/01/14/436037/-The-1920s-Credit-Bubble

 

most all para-military group's ideology is based on insane premises, terry mcveigh's mentality is a good example of that

did you watch the video and see steven howard? without a doubt convinced by ridiculous propaganda that there's a war coming

 

Because we don't have infinity money to pay.

Yes, which is my point. Yet I'm told we can sustain infinity debt!

 

Ok, so what does that have to do with resistance groups if this country is invaded?

What will you do if Mississippi is invaded? Happily raise a Chinese flag over your house and say welcome to America..oopps I mean the New China?

 

you're just showing how gullible you are

from 2010 through 2013, we've had only positive real gdp growth

during the depression gdp sank like a rock

you don't seem to get the point, nobody has anywhere near the capability of invading us

it's whacked out kkk dragons and deluded separatists that believe in that looney crap

no, the point is we won't have to

 

You're dodge is noted.

 

what do you think i dodged?

 

How much money do we have?

It doesn't mean we can sustain "infinity debt", it means we can sustain debt up to infinity, which simply means there is no limit to how much debt we can have.

 

This:

- Ok, so what does that have to do with resistance groups if this country is invaded?

- What will you do if Mississippi is invaded? Happily raise a Chinese flag over your house and say welcome to America..oopps I mean the New China?


You seem to think we are invincible. That is pure lunacy.

 

Germany is demanding their gold back too.

Im pretty sure it means they wanna return to a defacto gold standard