Not sure if the translation software worked here. I’m guessing a 3rd year student could do better.
Her Hummler is right on track about infrastructure. I was driving around and there are signs of improvement with Obama’s pork, but there’s a whole lot more that’ll be needed to be done to bring our infrastructure back. Meanwhile the underlying economy (Main Street) is visibly and rapidly declining not just in big cities but towns and rural areas, too. None of the Obama pork will help them, and even the construction jobs will run out.
The gov’t can print up any amount of money, and distribute it, but it can’t hide the size of the deficit: $900 billion/year for the next ten, we are told.
Somewhere the bonds issued by gov’t need to be bought. They are being bought by the Federal Reserve in a quid pro quo that Mike Rivero refers to as evidence of a complete sellout, an exchange of authority over the bankers for as much money as the gov’t can take.
Fed buys, Treasury prints, so on and so forth. Eventually the Fed buying will make the bonds expensive for the real risk they represent. Then private sector buyers, particularly from Asia, will stay out. One could argue this phenomena hasn’t already happened because everyone is holding so many dollars no one wants to see their value plummet, plus the Euro isn’t immune from the consequences of huge deficits there, either.
At least the Euros spend excessively on "social programs" instead of the trillion/year monstrosity called the Pentagon, which is simply a tapeworm feeding off the taxpayers and their descendants for generations, spreading its tentacles all over the world, polluting it with Depleted Uranium and killing millions.
Not sure if the translation software worked here. I’m guessing a 3rd year student could do better.
Her Hummler is right on track about infrastructure. I was driving around and there are signs of improvement with Obama’s pork, but there’s a whole lot more that’ll be needed to be done to bring our infrastructure back. Meanwhile the underlying economy (Main Street) is visibly and rapidly declining not just in big cities but towns and rural areas, too. None of the Obama pork will help them, and even the construction jobs will run out.
The gov’t can print up any amount of money, and distribute it, but it can’t hide the size of the deficit: $900 billion/year for the next ten, we are told.
Somewhere the bonds issued by gov’t need to be bought. They are being bought by the Federal Reserve in a quid pro quo that Mike Rivero refers to as evidence of a complete sellout, an exchange of authority over the bankers for as much money as the gov’t can take.
Fed buys, Treasury prints, so on and so forth. Eventually the Fed buying will make the bonds expensive for the real risk they represent. Then private sector buyers, particularly from Asia, will stay out. One could argue this phenomena hasn’t already happened because everyone is holding so many dollars no one wants to see their value plummet, plus the Euro isn’t immune from the consequences of huge deficits there, either.
At least the Euros spend excessively on "social programs" instead of the trillion/year monstrosity called the Pentagon, which is simply a tapeworm feeding off the taxpayers and their descendants for generations, spreading its tentacles all over the world, polluting it with Depleted Uranium and killing millions.