Debt ceiling raised.

[pyriel]

Debt ceiling raised..

http://news.yahoo.com/blogs/ticket/congressional-leaders-reach-agreement-raise-debt-ceiling-015244838.html

[Eric J (Viking)]

Still waiting for congress to agree...

viking

[pyriel]

ummm, they already have..... guessing you didnt read?


Anyways, what's everyone's thought on this? good, bad or dont care?

[Anno]

I don't understand where all the money came from. Who had the trillions of dollars to lend to them in the first place and how did they generate it? What would happen if they defaulted? America has an Army so I can't see debt collectors being much of a problem. The whole thing just does not make sense to me.

[Lord Sidious]

I don't understand where all the money came from. Who had the trillions of dollars to lend to them in the first place and how did they generate it? What would happen if they defaulted? America has an Army so I can't see debt collectors being much of a problem. The whole thing just does not make sense to me.

If you want to figure out where the money comes from, google ''fractional reserve banking'' and you will see it is all a scam.
And as for their armed forces, yeah, they have them now, but what about later when they can't pay em?

[Eric J (Viking)]

I don't understand where all the money came from. Who had the trillions of dollars to lend to them in the first place and how did they generate it? What would happen if they defaulted? America has an Army so I can't see debt collectors being much of a problem. The whole thing just does not make sense to me.

http://themjjournal.typepad.com/.a/6a00d8341d1f5553ef013486450955970c-800wi

And the hole just gets bigger ... ! I know, its bloody crazy hey...

viking

[phillipbbg]

keep asking questions....more the better, get them to show you the evidence of the debts and put it to the scientific test of proof....

If enough wake up the people of America will reach the tipping point .... then you may get "The American Spring" ... fun times ahead for TPTB glad I am not one of them....

[Anno]

If you want to figure out where the money comes from, google ''fractional reserve banking'' and you will see it is all a scam.
And as for their armed forces, yeah, they have them now, but what about later when they can't pay em?

Fractional Reserve is one of those things that sounds like it makes sense as a theory, ie, not everyone is going to take their money out at once so why not let others use it, but in reality it's stupid. Why can't the people in debt just say "No, it's not real?".
The people who made up all the fake money and have everyone in their pocket must have something else on their side because I just can't understand why a country wouldn't just say, "Piss off" and start their own currency.

Who are the people who own the debt?

[Lord Sidious]

If you want to figure out where the money comes from, google ''fractional reserve banking'' and you will see it is all a scam.
And as for their armed forces, yeah, they have them now, but what about later when they can't pay em?

Fractional Reserve is one of those things that sounds like it makes sense as a theory, ie, not everyone is going to take their money out at once so why not let others use it, but in reality it's stupid. Why can't the people in debt just say "No, it's not real?".
The people who made up all the fake money and have everyone in their pocket must have something else on their side because I just can't understand why a country wouldn't just say, "Piss off" and start their own currency.

Who are the people who own the debt?

Those who ''own'' the ''debt'' are those who depose kings and organise regime changes.
You could tell them to piss off, but you would end up eating dirt.
I have been in court and seen people say the debt they are accused of having is fraudulent, the judge doesn't want to know.
They have the force to back up their paper.

[Calz]

To the Moon ... AND BEYOND!!!


9130

[phillipbbg]

To the Moon ... AND BEYOND!!!


9130

That's ware the GOLD has been going............... Love your post Calz :)

[pyriel]

Now what I'm waiting to find out is if the USA's AAA credit rating will stay the same or if it will still be lowered. I'm sure it wont change tho but that part is still up in the air.

[astrid]

http://www.youtube.com/watch?v=eJ5bimCm0dM

[phillipbbg]

Now what I'm waiting to find out is if the USA's AAA credit rating will stay the same or if it will still be lowered. I'm sure it wont change tho but that part is still up in the air.

It does not need to change on paper.... if you were the lender what would your reaction be to the last few days games... I would gently start reducing my exposure to the US markets trying not to start a run because I would lose my money.... I suggest you watch the currency markets and some of the major players....

The problem they have though is what to buy not what to sell.....

[Maia Gabrial]

I think DC stands for Dysfunctional Creatures....and they're all morons.

[jackovesk]

ummm, they already have..... guessing you didnt read?

Anyways, what's everyone's thought on this? good, bad or dont care?

I have paid 'No Attention' or Posted anything on this issue, purely because...

'THEY WERE ALWAYS GOING TO RAISE THE DEBT CIELING' - DRAG IT OUT or IMPLODE IT!

Just to 'Squeeze & Bleed' the American people out of few more $Dollars &/or Start Attacking Social Security Pensions and Decrease Public Services to pay for it...

..and When they feel the 'Time is Right' they are going to 'IMPLODE' it a ALL for Maximum Impact like they have been planning for the last 30 - 50 years!

http://leftcoastvoices.files.wordpress.com/2011/07/obama-and-boober.jpg?w=300&h=125

Don't 'Tell Em' there is a Pea under 'Every Shell..!

http://crockettlives.files.wordpress.com/2011/06/the-old-shell-game.gif?w=400&h=180

...and its all a 'House of Cards' for 'SUCKERS'

http://leftcoastvoices.files.wordpress.com/2011/07/raising-debt-ceiling2.jpg?w=300&h=194

"Lame 'Bloody Dumb Fools' hey John?"..."I'll say, now what time is our 'Tee Off' time tommorow?"

http://ts4.mm.bing.net/images/thumbnail.aspx?q=1038019860955&id=a492276ae51bb5a4c4207cb17d39f238&url=http%3a%2f%2fwhitewraithe.files.wordpress.com%2f2008%2f09%2fsheeple_flag.jpg....http://www.reuters.com/resources/r/?m=02&d=20110618&t=2&i=441617163&w=&fh=&fw=&ll=700&pl=300&r=2011-06-18T144144Z_01_BTRE75H14TP00_RTROPTP_0_OBAMA-BOEHNERhttp://www.reuters.com/resources/r/?m=02&d=20110618&t=2&i=441697179&w=&fh=&fw=&ll=700&pl=300&r=2011-06-18T175543Z_01_BTRE75H1DSX00_RTROPTP_0_OBAMA-BOEHNER

[aceninja]

I just read the article and it hasnt been raised yet. Both parties are in agreement but congress has to give a final vote today around now (or the next few hours).
This is the wrong debate debate anyway, imho... just a big distraction. Word on the street is August should be a very peculiar month guys ;)

[Fred Steeves]

The people who made up all the fake money and have everyone in their pocket must have something else on their side because I just can't understand why a country wouldn't just say, "Piss off" and start their own currency.

Who are the people who own the debt?

Hey, alright, getting down to nuts and bolts here. Dangerous questions like that Anno will never see the light of day in the mainstream propaganda machine, same as unanswerable questions about 9/11. I like how David Icke puts it, if the official story of 9/11 goes, the whole scam goes. Same with your currency question. The treasonous blood suckers who have infiltrated the levers of control on this planet will scream bloody murder that to even ask these kinds of questions is treasonous and insane.

They can run but they can't hide, truth is rising from every crack and crevice.

Cheers,
Fred

[Lefty Dave]

Insanity is .....doing the same thing over and over, expecting different results !!! At least, it's my definition of insanity.
Our entire monetary system, financial system is corrupt. Until we correct the cause of this madness...we have little hope of recovery...as manufacturing figures are the lowest in two years (today's news), what we've done so far has only made it worse.
I think THEY know that....which makes it all the more sinister !!!!

Blessings

[phillipbbg]

Insanity is .....doing the same thing over and over, expecting different results !!! At least, it's my definition of insanity.
Our entire monetary system, financial system is corrupt. Until we correct the cause of this madness...we have little hope of recovery...as manufacturing figures are the lowest in two years (today's news), what we've done so far has only made it worse.
I think THEY know that....which makes it all the more sinister !!!!

Blessings

Dare I say "Reptilian thinking brain in action"

[THIRDEYE]

im totally dicussed by the goverment and the ptb...it un fortunate that they are cutting entitament prograam..kike social security medicare and medicaid.....its un fortunate that i have to collect from social security...hence forth ive paid in these programs for 30 years.. of hard work and blood and sweat....im also worried about the less fortunate people who depend on these programs.....i give to the poor and try too help my brothers and sisters in time of need....i just cant believe the goverment is forcing austerity upon the american people....love light and abundance ...thirdeye

[Spiralmind]

It's ok folks. The higher they raise the debt ceiling, the deeper the hole......

[Camilo]

I guess we all know what that means right?......they are postponing the their final day, going back to the same old, same old businnes as usual crap.

[risveglio]

Now what I'm waiting to find out is if the USA's AAA credit rating will stay the same or if it will still be lowered. I'm sure it wont change tho but that part is still up in the air.

Based on this article, we will still see a downgrade. Moody's said they would need to see $4 Trillion in real cuts, we are not even getting close to that from what I have read.

http://thehill.com/blogs/on-the-money/801-economy/174447-moodys-neither-plan-protects-the-nations-aaa-rating

[TWINCANS]

It's what's in the agreement that's the kicker. They're trying to nullify congress' power.

[Maia Gabrial]

Jackovesk,
IMO it's those poser-gods aka TPTB playing with us humans.
MO RONS - all of them....

[ceetee9]

Gee, what a surprise. I'll bet none of us saw that coming. ;)
It's business as usual. Our government "leaders" pat each other on the back behind the "transparent" closed doors and have a good laugh at how easily deceived and led the majority of the American people are. So while the idiots are still arguing it's the Democrat's fault, no, it's the Republican's fault, no it's Obama's fault, no, it's Bush's fault, and on and on, the PTB with the help of their government and media shills continue to suck every last nickel and freedom out of the masses while they continue the unabated destruction of this country.

[Lost Soul]

To the Moon ... AND BEYOND!!!


9130

Calz - you are so correct and humorous too! While the debt goes to the moon, the dollar plummets to Hades. I've been warning people to move their dollars into precious metals. Like Viking showed with the image of the printing press, we're printing (monetizing) our way out of debt. The wealth of the middle class is being destroyed.

[Normalguy31]

P
Gee, what a surprise. I'll bet none of us saw that coming. ;)
It's business as usual. Our government "leaders" pat each other on the back behind the "transparent" closed doors and have a good laugh at how easily deceived and led the majority of the American people are. So while the idiots are still arguing it's the Democrat's fault, no, it's the Republican's fault, no it's Obama's fault, no, it's Bush's fault, and on and on, the PTB with the help of their government and media shills continue to suck every last nickel and freedom out of the masses while they continue the unabated destruction of this country.

Spot on. You took the words right out of my mouth.

If you create currency backed with nothing it doesn't matter how much debt we are in. Tptb needed a good story for the masses to keep people occupied, and it works like a charm every time. The Casey Anthony story was getting old. Nobody is talking about it in the office anymore, and here we go.

As I believe in was the band offspring so brilliantly said " you gotta keep um separated"

[Calz]

Ponzi schemes *have* to collapse at some point. There is no getting around it.

Okay ... let us play with this latest illusion for just a bit.

2 trillion saved over the next 10 years (I have ignored the details as much as possible but that is what I heard on the news while driving).

Alright that sounds ... big.

16 trillion dollars (depending on who's figures you believe ... perhaps 24 trillion) went to the banksters in their cute little bailout heist. At least 80 years just to recoup that (assuming no interest ... hey why don't WE THE PEOPLE charge the banksters interest???). But I digress.

Hmmmmmmmm.

Okay ... baby boomers are retiring (lots and lots of them) ... or at least their hope was to retire.

Economy in the crapper ... no new jobs unless you have a passion for flippin burgers. Where is all the new tax money coming in for social security going to come from???

Anyway ... just a simple very simple look at how rediculous the situation has gotten.

Granted ... if the whole world shut down the war machine, big pharma, big food etc ... and used those savings to utilize free energy, real healing methods and healthy food with emphasis on local community then there could be some real progress. Feds should contain themselves to posing for pictures (that no one will see) and giving speeches (that no one will be in attendance to listen to).

Cal

[Calz]

It's what's in the agreement that's the kicker. They're trying to nullify congress' power.

Can you elaborate a bit?

As far as I can tell the congress critters have been fairly well neutered for some time.

[GlassSteagallfan]

ummm, they already have..... guessing you didnt read?


Anyways, what's everyone's thought on this? good, bad or dont care?

Wouldn't normally care...

They've raised the debt ceiling many times in the past with no 'fear factor'. Its normal. I believe the last time fear was used in raising the debt ceiling was with Newt Gingrich.

This is what they gave us:

1. An initial cut of $1 trillion from the federal budget.

2. The creation of what Obama has named the Supercongress, a 12 person body composed of 6 Democrats and 6 Republicans who are tasked to come up with an additional $1.5 trillion in cuts by November 23rd of this year.

3. The recommendations made by the Supercongress for an additional $1.5 trillion in cuts will be sent to both houses of Congress to receive only an up or down vote. The House and Senate cannot amend or filibuster the recommendations of the Supercongress. If the Congress votes no on the recommendations, the $1.5 trillion in cuts will be evenly distributed between the defense budget and domestic entitlement programs.
If the Congress does not go along with the proposed cuts of the Supercongress, the cuts go through anyway.


Our only line of defense in this coup attempt is the passage of Glass-Steagall. Mobilize for action, call every member of Congress, and tell them that a vote for the debt deal is a vote for treason. Demand the reinstatement of Glass-Steagall, H.R. 1489, immediately.

[TWINCANS]

It's what's in the agreement that's the kicker. They're trying to nullify congress' power.

Can you elaborate a bit?

As far as I can tell the congress critters have been fairly well neutered for some time.

Yes, by their own fear of being challenged. But this is a change in the actual structure of government itself. And once instituted structural changes never go away, except by violence.
ie this agreement will not allow Congess to debate or reject billions of dollars in cuts. They will only be able to say yes or no, and if no then the cuts will be made anyways. It's like a takeover by instituting an 'uber-congress' above the congress, made up of a chosen dozen.

See the thread ***Alert*** This Is Obama's Hitler Coup

[MargueriteBee]

Man, if I ran my finances like the goberment does I would be in prison by now.

[Tane Mahuta]

To the Moon ... AND BEYOND!!!


9130

I'm packed...let's go!!


TM

[sygh]

The the dollar bill is shrinking both ways, it deflates as the new money prints, while the cost of essentials inflate. Angry? Beyond angry. At this point, I figure I could run the country better than this. Fools.

[sandy]

Man, if I ran my finances like the goberment does I would be in prison by now.

Hey mbee,

Think positive, maybe if you ran your finances like the government does you would have quite a salary, self employed, vacations and company trips, bribes and payoffs to stash somewhere on an island with independent banking, a few homes and maybe your own jet , etc, etc and just think you could blame all your weaknesses, shortcomings and mistakes on your employees and the people you serve and provide services to and demand that they pay up for your mistakes>>>>>>>>>>>>>>>>>> sounds pretty good so no wonder they are not going to throw the towel in anytime too soon.

Someone is going to have to shut the tap off soon though :)

[Teakai]

Does anyone else think that maybe 'they're' just buying time?

[Calz]

Does anyone else think that maybe 'they're' just buying time?

Yep ... I have posted before and happy to repeat ... IMHO they are simply doing what they can to maintain the illusion until they are ready to hit the DUMBs.

You got your ticket???

Didn't think so ...

[Dawn]

The best information on this topic I've seen which really helped me to understand what is going on came from this video: http://video.google.com/videoplay?docid=2860538828528453481

[ViralSpiral]

Whilst no joke, I did see a funny headline on the Andy Borowitz Report:

China Puts US on eBay
‘Government Sold Separately,’ Sales Listing Says



source (http://www.borowitzreport.com/2011/07/28/china-puts-us-on-ebay/)

[Calz]

Whilst no joke, I did see a funny headline on the Andy Borowitz Report:

China Puts US on eBay
‘Government Sold Separately,’ Sales Listing Says


source (http://www.borowitzreport.com/2011/07/28/china-puts-us-on-ebay/)

A really hard sale if the government comes attached :)

[ViralSpiral]

A really hard sale if the government comes attached :)

indeed :)


his other recent classic: -

Debt Ceiling Crisis: Like Y2K With Assholes Instead of Computers
Majority of Congressmen No Longer Remember Which Deal They Like

[Calz]

A really hard sale if the government comes attached :)

indeed :)


his other recent classic: -

Debt Ceiling Crisis: Like Y2K With Assholes Instead of Computers
Majority of Congressmen No Longer Remember Which Deal They Like

:stop:

Stop stop ... u r killin me :rofl:

[ceetee9]

Yes, by their own fear of being challenged. But this is a change in the actual structure of government itself. And once instituted structural changes never go away, except by violence.
ie this agreement will not allow Congess to debate or reject billions of dollars in cuts. They will only be able to say yes or no, and if no then the cuts will be made anyways. It's like a takeover by instituting an 'uber-congress' above the congress, made up of a chosen dozen.
Heads I win, tails you lose. Seems fair to me. And just think of all the money we can save when we eliminate all those now nonessential members of Congress since we've whittled it down to a nice manageable size of 12. ;)

[DoubleHelix]

This will give some folks an idea of how the government's expenditure has grown over the years


http://www.youtube.com/watch?v=oAdnwql6bMo&feature=player_embedded

[Maia Gabrial]

Or it could mean Decadent Cabal....
Can you give me an :amen: ?

[TWINCANS]

Yes, by their own fear of being challenged. But this is a change in the actual structure of government itself. And once instituted structural changes never go away, except by violence.
ie this agreement will not allow Congess to debate or reject billions of dollars in cuts. They will only be able to say yes or no, and if no then the cuts will be made anyways. It's like a takeover by instituting an 'uber-congress' above the congress, made up of a chosen dozen.
Heads I win, tails you lose. Seems fair to me. And just think of all the money we can save when we eliminate all those now nonessential members of Congress since we've whittled it down to a nice manageable size of 12. ;)

There still needs money in the budget for a very big Round Table. But who's going to be Arthur?

[Calz]

I vote for


9149

[ViralSpiral]

I vote for


9149

Cant, he's busy






http://3.bp.blogspot.com/-SIXur_639I8/TjSaMmwk7xI/AAAAAAAAHOI/2I5QuP0PsMc/s1600/dgoal.gif

[Camilo]

What has struck me throughout the process that led up to this “deal” was that it was clearly NOT “business as usual” anymore. I observed the expression of deep divisions and conflicts between various ideologies and factions within Congress as a whole, and those in turn were symptoms of the deep divisions and conflicts between various ideologies in the populace as a whole.

I also observed that the points being argued and fought over still obscured what was really going on within the system itself and did not address or identify anything that was a cause of the present “problems,” but rather focused on symptoms of the problem and made attempts at correction that have to ultimately fail because the underlying causes are not being addressed. This is similar to the approach taken in conventional medicine, where symptoms are suppressed, but causes are not addressed, so true healing rarely takes place.

The present combination of a fractional reserve banking system and a fiat money supply (money that is not backed by anything tangible and is created simply by decree) is simply not sustainable any longer, and the deep cuts in federal spending being attempted are one sign of having reached that point. The population issue is also not being addressed.

In addition, there are growing numbers of people needing and demanding services from various levels of government precisely when decreases in employment are taking their toll on the tax base that governments rely on to provide those services. These are the elements stacking up for the collapse that must come, sooner or later. In many ways, it is already here, and it is my feeling that it won’t be openly acknowledged until the unraveling takes place in a much more dramatic and rapid fashion. (OT)

[Jake]

On the lighter side, still on topic,,, ;) Local Seattle radio Legend, Bob Rivers is also the lead singer for a 'twisted tunes' band, called Spike and the Impalers. They take songs and change the lyrics and make it funny. kinda like weird al... anyways,,,

this made me laugh. It is a song called 'Aint done nothing bout the debt' Made to the tune of 'you aint seen nothin yet. I laughed quite hard. I hope you enjoy. Sorry if it is taking away from this thread, I will remove it.

http://www.bobrivers.com/#v11741

[ceetee9]

On the lighter side, still on topic,,, ;) Local Seattle radio Legend, Bob Rivers is also the lead singer for a 'twisted tunes' band, called Spike and the Impalers. They take songs and change the lyrics and make it funny. kinda like weird al... anyways,,,

this made me laugh. It is a song called 'Aint done nothing bout the debt' Made to the tune of 'you aint seen nothin yet. I laughed quite hard. I hope you enjoy. Sorry if it is taking away from this thread, I will remove it.

http://www.bobrivers.com/#v11741
LOL. Thanks Jake I needed that.