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User Info In-Your-Face Felonies, Willfully Ignored; entered at 2019-04-25 11:04:18
Flappingeagle
Posts: 3071
Registered: 2011-04-14
Quote:
If we were to force a fix then the Federal Deficit goes from over $1 trillion a year to an immediate and permanent surplus and your spendable value increases this year and every year thereafter. You become wealthier even without a single raise -- ever. The only people who get "screwed" are the 20% of the population that is currently screwing you.


I was thinking about this issue this morning. Almost everything and everyone is so levered-and-margined-up-to-the-fuc*ing-hilt that put an end to any of the rackets in our system will cause the most horrible crash in the history of crashes.

Not only will it collapse the targeted industry, the collateral effects will take everything with them. Even most of the non-levered will be destroyed as well. Think about it, if you have a business with no debt you might think you are in good shape (and you are relatively) but in the collapse that comes what are you going to do for customers? You will have very few that can pay and maybe you can ride it out until things improve and maybe you cannot.

Here's a parallel issue. We hear economists state that deflation is bad because people will delay purchases and stall the economy. That is bull$hit. The real reason they fear deflation is because it will collapse the interest-debt-money scheme because loans get more difficult to repay in deflationary times. Already the Fed and Gov are doing everything they can to pump in new debt and money to keep the ponzi going, the current system cannot even tolerate debt remaining constant, it has to have more, More, MOAR!

Reforming healthcare would be one of those deflationary times and the collapse would be on.

The oncoming collapse might take several different forms but I believe one thing is guaranteed. The collapse will be down to bedrock, thru bedrock, and all the way to magma.

Flap
2019-04-25 11:04:18