A Deficit Keeps The Economy Growing?!!
This is true, to a degree.
After all, when you print money off the press, it has not yet been earned; so in a sense, it is a deficit; but it's needed for the economy to grow; so, it's necessary.
BUT, I have news for you, OURS is no ordinary deficit!
OURs is a deficit on STERIODS!
Ours is a deficit with INTEREST!!!
a deficit with the potential for unlimited growth!
and unlimited growth is unsustainable!!!
If you were in a hospital, they'd call it CANCER!!!
The government simply CANNOT continue issuing bonds AND continue paying interest on those bonds indefinitely!
Remember, the government does not print or issue interest, it only prints PRINCIPAL; and the federal reserve system only circulates that principal AT INTEREST!
The way it is structured, there is NO WAY OUT OF THIS CYCLE OF DEBT and IT KEEPS GROWING!
Judgment day will have to come and in the meantime we are all being gathered for the slaughter!
I believe in natural food and preserving the environment as much as the next guy!
But, if you want to preserve the natural purity of the earth and the food that grows on it, you must start with a pure monetary system--not a corrupted, debased one!
I know you don't like to talk about money, but guess what? You need MONEY to live!!!
So, before you talk about the environment, abortion, evolution, etc., LOOK AT OUR MONETARY SYSTEM!
Our money supply is the blood supply that can make our Nation either prosper or wither, and there is something terribly wrong with it.
Don't be afraid to learn the truth because it will set you free.
posted by qrswave @ Tuesday, November 22, 2005
2 Comments:
This is footnoot #1 to Testimony of Chairman Alan Greenspan Federal Reserve Board's semiannual monetary Policy Report to the Congress Before the Committee on Financial Services, U.S. House of Representatives July 20, 2005
1. Under current law, those longer-run pressures on the federal budget threaten to place the economy on an unsustainable path. Large deficits could result in rising interest rates and ever-growing interest payments on the accumulating stock of debt, which in turn would further augment deficits in future years. That process could result in deficits as a percentage of gross domestic product rising without limit. Unless such a development were headed off, these deficits could cause the economy to stagnate or worse at some point over the next couple of decades
It is said the deficits could rise without limit. And a quick warning that the economy could stagnate or worse. Yes, much worse. Or better. Maybe to get this no interest thing off the ground we will need to be the country defaulting on our loans.
http://www.federalreserve.gov/boarddocs/hh/2005/july/testimony.htm
Thanks for the comment, efsaturn!!!
great quote! and thanks for the link, too!
I can tell you right now, his predictions are overly optimistic. It will not take "decades" for this system to collapse.
We are at the brink.
The physical economy has been reduced to practically nothing but a shell. If corrective action isn't taken at once, there may be no turning back.
What's happening to GM is big, very big. It is the beginning of the end if it's allowed to happen. The Big Three must be saved or are chances for recovery are naught.
I'm not sure how an interest-free system can be instituted, but some interest free money MUST be circulated or our economy WILL grind to a halt.
Good people from all walks of life MUST make this their foremost concern; our futures hang on this one hope.
We MUST correct the monetary system.
Post a Comment
<< Home