On 10/10/2012 12:50 PM, Stephen Russell wrote:
Because they have more money so no problem right?
<http://training.tonyrobbins.com/1740/exclusive-video-tony-robbins-deconstructs-the-national-debt/>
There are a number of way to deal with huge deficits:
1) Monetize the debt: http://en.wikipedia.org/wiki/Monetization
2) Austerity: http://en.wikipedia.org/wiki/Austerity
3) Bondholder haircuts or other or renegotiations with debt holders:
LOL http://en.wikipedia.org/wiki/Debt_restructuring#Bondholder_haircuts
4) Sale or lease government assets:
http://www.smartmoney.com/invest/stocks/time-to-sell-government-assets-1321894446021/
5) Have the Central Banks of the Federal Reserve forfeit their debt
holdings of the USA. The Central Banks of the Federal Reserve hold
about 13% of the USA national debt.
The money the Central Banks loaned Uncle Sam is fiat money. Nobody
profits from the interest on the debt, and since the money loaded from
the central banks is not real money, then the debt created is not real
debt: LOL: http://www.abovetopsecret.com/forum/thread867227/pg1
Historically, the most popular method of dealing with the USA national
debt is inflation. During the 1950s, I could buy a coca cola from a
vending machine for a nickle. Today, It cost $1.25 (eg 5 quarters), but
I doubt anyone has felt the inflationary effects occurring over this
period of time.
Regards,
LelandJ
_______________________________________________
Post Messages to: [email protected]
Subscription Maintenance: http://leafe.com/mailman/listinfo/profox
OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech
Searchable Archive: http://leafe.com/archives/search/profox
This message:
http://leafe.com/archives/byMID/profox/[email protected]
** All postings, unless explicitly stated otherwise, are the opinions of the
author, and do not constitute legal or medical advice. This statement is added
to the messages for those lawyers who are too stupid to see the obvious.
