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Reply #15: regarding the bloat-float [View All]

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Warren Stupidity Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-18-05 10:15 AM
Response to Reply #14
15. regarding the bloat-float
The current wisdom among the economist-apologists for the Cabal and its ruinous policies is that both the current account deficit and the federal defecit are essentially limitless as none of the lenders (e.g. china) will do anything that might upset the house of cards.

This seems to fly in the face of reality: that these deficits are unsustainable. On the other hand if there is no alternative currency (which would be why our Great Leaders are talking up the End of the Euro) then where do our debt holders go if they want to dump the dollar? Gold? Actually perhaps that is the answer: eventually, like within the next year or so a slow shift to some other form of wealth accounting - gold/diamonds/crude-oil futures - as self defense by the lenders against the inevitable collapse of our out-of-balance economy would seem to be the way.

At this point isn't wealth really denominated in crude oil futures anyhow?

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