"Failure to increase the limit would be deeply irresponsible" Geitner said. So let me get this straight, keep increasing the debt limit and eventually fall into Hyper-inflation is being "responsible"???
Interesting vid. Thanks for posting it up. I don't think the US HAS any further options to be honest. It's already dead in the water, it's only a question of when.
responsible to their true banker masters yes responsible to the people? blahh they dont serve them. you have to remember these individuals are corporate sociopaths - - they are amoral - they dont think like the average person
I always enjoy SGTbull07's videos. But this latest video cements the fact that we are heading for very difficult times and having physical bullion is a way to make sure you have a good chance at preserving some of your wealth.
Buzz Killington... I love you name !! lol. Kind of sums of the feeling after watching SGTbull07's latest vid!
There is a lot of discussion here at SS from the point of view of the fascism and decline of the USA's housing and economy and it's effects. Some parts of the world will be affected only marginally and many countries are attempting to distance themselves from an 'American effect'. What's the view on the effect on Australia once the US dollar is devalued? I'm assuming a devaluation of 10 percent (mainly because they've denied they'd do that and it wouldn't cause too much international drama) and perhaps late 2012 a devaluation of say 25%. This would put their debt into a 'manageable' range, and a further devaluation down the line could clear the problem area. It's a logical solution and history supports powers taking this approach. Opinions? p.s. I don't see hyperinflation in their future. A fascist state has many solutions for hyperinflation.
