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<p>[QUOTE="doug444, post: 1903383, member: 38849"]Endeavor, let me re-examine this a moment;</p><p><i><br /></i></p><p><i>"The problem will never be debt as long as we have the best defense. It will only become a problem when we stop having the best military."</i></p><p><br /></p><p>==================</p><p>The best military in the world cannot solve the debt problem OR the inflation problem. The debt problem involves all the other nations of the world, who demand a higher interest rate to offset the risk of our exploding money supply. In the Treasury "bid" system, the discounted bids get smaller and smaller, finally Treasuries are yielding 5% - 7% - 10%, and we are unable to pay the interest, except by printing more money, which makes the problem worse at the next Treasury auction. Nothing the military can do about that -- who's the enemy? Who do we bomb?</p><p><br /></p><p>Likewise, the best military in the world cannot solve the inflation problem; there's nobody to threaten, or blockade, or impose sanctions against. You might call upon the military to enforce price controls, but the world of commerce always finds a way around that failed policy. It's like whack-a-mole, inflation pops up in a hundred million transactions and circumstances. Who's the enemy? Who do we bomb?</p><p><br /></p><p>Can you phrase your concern some other way? Then I'll comment again. All I can tell you, folks, it's a good thing I'm not in charge...[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1903383, member: 38849"]Endeavor, let me re-examine this a moment; [I] "The problem will never be debt as long as we have the best defense. It will only become a problem when we stop having the best military."[/I] ================== The best military in the world cannot solve the debt problem OR the inflation problem. The debt problem involves all the other nations of the world, who demand a higher interest rate to offset the risk of our exploding money supply. In the Treasury "bid" system, the discounted bids get smaller and smaller, finally Treasuries are yielding 5% - 7% - 10%, and we are unable to pay the interest, except by printing more money, which makes the problem worse at the next Treasury auction. Nothing the military can do about that -- who's the enemy? Who do we bomb? Likewise, the best military in the world cannot solve the inflation problem; there's nobody to threaten, or blockade, or impose sanctions against. You might call upon the military to enforce price controls, but the world of commerce always finds a way around that failed policy. It's like whack-a-mole, inflation pops up in a hundred million transactions and circumstances. Who's the enemy? Who do we bomb? Can you phrase your concern some other way? Then I'll comment again. All I can tell you, folks, it's a good thing I'm not in charge...[/QUOTE]
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