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<p>[QUOTE="Bluesboy65, post: 1085517, member: 23329"]Agree again with your post, however I believe we are approaching the end game with inflating our dollars as a strategy for repaying debt. One of the danger signs I have been watching for is the Fed stepping in as the buyer of last resort for our bond auctions. This is truly creating money out of thin air and is the last bullet in the gun; as you know this is already happening. In my mind, the Fed buying treasury bonds amounts to a technical default. Were it not for the European debt crisis I think there would be much more focus on our own fiscal woes; and it goes beyond the federal deficit many states are also under water. With inflation running at around 6% but being reported at about 1.5% we have an official policy of hiding inflation and the Fed will not be able to tap the brakes to address it; they're too focused on supporting the ponzi scheme. So I believe we are within a year or so of being forced to acknowledge soaring inflation, the Fed increasing rates in response, and the economic slowing in response. The effect on our economy will take a decade or more to reverse.</p><p><br /></p><p>There is so much more that could be said about the dramatic increase in debt service that will result from rising interest rates, the potential loss of our enviable position as holder of the reserve currency, rising tax rates to deal with the problem ... Of course I don't want all of this stuff to happen and consider myself to be a patriot but I think we have kind of lost our way and our government is not being a good steward of the things to which they have been entrusted. Stay out of debt, prepare for the future and vote as if your grandchilren's lives will depend on it. Investments in Gold and Silver is part of that strategy.[/QUOTE]</p><p><br /></p>
[QUOTE="Bluesboy65, post: 1085517, member: 23329"]Agree again with your post, however I believe we are approaching the end game with inflating our dollars as a strategy for repaying debt. One of the danger signs I have been watching for is the Fed stepping in as the buyer of last resort for our bond auctions. This is truly creating money out of thin air and is the last bullet in the gun; as you know this is already happening. In my mind, the Fed buying treasury bonds amounts to a technical default. Were it not for the European debt crisis I think there would be much more focus on our own fiscal woes; and it goes beyond the federal deficit many states are also under water. With inflation running at around 6% but being reported at about 1.5% we have an official policy of hiding inflation and the Fed will not be able to tap the brakes to address it; they're too focused on supporting the ponzi scheme. So I believe we are within a year or so of being forced to acknowledge soaring inflation, the Fed increasing rates in response, and the economic slowing in response. The effect on our economy will take a decade or more to reverse. There is so much more that could be said about the dramatic increase in debt service that will result from rising interest rates, the potential loss of our enviable position as holder of the reserve currency, rising tax rates to deal with the problem ... Of course I don't want all of this stuff to happen and consider myself to be a patriot but I think we have kind of lost our way and our government is not being a good steward of the things to which they have been entrusted. Stay out of debt, prepare for the future and vote as if your grandchilren's lives will depend on it. Investments in Gold and Silver is part of that strategy.[/QUOTE]
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