Rx_
Nothing In Moderation
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- Today, 13:55
- Joined
- Oct 22, 2009
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- 2,803
Correction: I said congress has 10 working days - they just approved making it 12 days. They wasted a day to make the change.
The reason the banking cartel known as the FED is involved in this vote may outweigh anything our erected(sic) representatives have to say.
The FED was given the power to print from the Treasury. During Jimmy Carter, the FED raised interest rates way past 10% because Jimmy tried to diminish the FED's control much like JFK did.
If the FED raised rates just 2.5% with the US Debt at over $8 trillion (plus the $55+ T in unfunded liabilities), most all of the budget would flow into the hands of the FED's banks. All of those social programs might just evaporate.
This happened in a smaller example in Greece and Detroit, MI.
Bush set up the Bail-In of the FED and Obama continuted the same plan.
During the early Obama years, his own party controlled both houses. Yet, they failed to come up with a budget. The blame game is just internal rituals for respective parties.
The point is not about one lousy party whining being worse or better than another lousy party whining.
A budget is serious business that determines power. The power to take money from somone and give it to another. Planned Parenthood is not even 0.0001% of that budget. Is it amazing how there isn't one dollar of waste in any program that could possibly be cut? In fact, all of them have automatic increases.
The FED is in a position to determine the next election.
If the FED wants the existing puppets to stay in power, they might lower rates to negative interest rates. If they want the new puppet, they can raise rates.
The Budget and the ability to collect money to pay the Debt will determine the fate of the USD as the Reserve Currency.
Wall Street has already started on my vote for a 10% reduction.
The USD after jumping higher, quickly fell again to unchanged.
The budget process could have a bigger impact on the future than the actual election. We are broke, we can't repay the debt, and we want to keep spending more.
The reason the banking cartel known as the FED is involved in this vote may outweigh anything our erected(sic) representatives have to say.
The FED was given the power to print from the Treasury. During Jimmy Carter, the FED raised interest rates way past 10% because Jimmy tried to diminish the FED's control much like JFK did.
If the FED raised rates just 2.5% with the US Debt at over $8 trillion (plus the $55+ T in unfunded liabilities), most all of the budget would flow into the hands of the FED's banks. All of those social programs might just evaporate.
This happened in a smaller example in Greece and Detroit, MI.
Bush set up the Bail-In of the FED and Obama continuted the same plan.
During the early Obama years, his own party controlled both houses. Yet, they failed to come up with a budget. The blame game is just internal rituals for respective parties.
The point is not about one lousy party whining being worse or better than another lousy party whining.
A budget is serious business that determines power. The power to take money from somone and give it to another. Planned Parenthood is not even 0.0001% of that budget. Is it amazing how there isn't one dollar of waste in any program that could possibly be cut? In fact, all of them have automatic increases.
The FED is in a position to determine the next election.
If the FED wants the existing puppets to stay in power, they might lower rates to negative interest rates. If they want the new puppet, they can raise rates.
The Budget and the ability to collect money to pay the Debt will determine the fate of the USD as the Reserve Currency.
Wall Street has already started on my vote for a 10% reduction.
The USD after jumping higher, quickly fell again to unchanged.
The budget process could have a bigger impact on the future than the actual election. We are broke, we can't repay the debt, and we want to keep spending more.