The bills, great or small, are still unpaid. They are among the $40 trillion worth of accumulated federal debt that must be serviced every year, for ever and ever and ever. Amen.
A painful look at history to start the day Bill, but the truth hurts, as they say. "Carlo Ponzi might be proud. Practically all of the world’s post-war western governments adopted his model. But where are we going with this? Where else, the same place it took Ponzi himself: to Hell in a handcart! Ponzi died in a charity ward in Brazil, with only $75 to his name. I am sure many people around the globe will end up in a sad ending as did Ponzi.
Real money, GOLD, will shine again as it always has throughout history but it will be at the end of a lot of pain.
The leftist French presidential contender maybe on to something here, just renege on the debt. Sort of an unethical economic Jubilee. I would say the powers that be, around the world, may be considering such a reset.
I have always thought that eventually, the entire world will have to have a debt jubilee. A huge reset where everybody goes to zero. It's the only way to cure this.
That word JUBILEE has shown up in a few articles over the past year or two. It's roots are from the bible and I wouldn't be surprised to see it become the solution of choice.
I'm guessing it will be more of the same. A lot of politicians can't even decide if there are men and women. Hence the most likely situation is that they wait for a collapse, just like we are seeing on the whole debt issue from the beginning till now. Then once the collapse comes the ruling party will make excuses to give protection to their supporters.
A painful look at history to start the day Bill, but the truth hurts, as they say. "Carlo Ponzi might be proud. Practically all of the world’s post-war western governments adopted his model. But where are we going with this? Where else, the same place it took Ponzi himself: to Hell in a handcart! Ponzi died in a charity ward in Brazil, with only $75 to his name. I am sure many people around the globe will end up in a sad ending as did Ponzi.
Real money, GOLD, will shine again as it always has throughout history but it will be at the end of a lot of pain.
Jim Marshall
The leftist French presidential contender maybe on to something here, just renege on the debt. Sort of an unethical economic Jubilee. I would say the powers that be, around the world, may be considering such a reset.
I have always thought that eventually, the entire world will have to have a debt jubilee. A huge reset where everybody goes to zero. It's the only way to cure this.
And then they'll do it all again LOL.
That word JUBILEE has shown up in a few articles over the past year or two. It's roots are from the bible and I wouldn't be surprised to see it become the solution of choice.
Jim
I'm guessing it will be more of the same. A lot of politicians can't even decide if there are men and women. Hence the most likely situation is that they wait for a collapse, just like we are seeing on the whole debt issue from the beginning till now. Then once the collapse comes the ruling party will make excuses to give protection to their supporters.