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Thread: US Debt, a visual aid

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    Senior Member HPL's Avatar
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    Default US Debt, a visual aid

    I haven't fact checked this, but if accurate, it's pretty frightening.

    http://demonocracy.info/infographics...t/us_debt.html
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    Senior Member Franco's Avatar
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    Here is another visual of the problem. Two Partys, same outcome.

    The Libertarian Party believes that all persons are entitled to keep the fruits of their labor. A call for the repeal of the income tax, abolishment of the Internal Revenue Service and all federal programs and services not required under the U.S. Constitution. We support the passage of a "Balanced Budget Amendment" to the U.S. Constitution, provided that the budget is balanced exclusively by cutting expenditures, and not by raising taxes. LP.org

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    Senior Member road kill's Avatar
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    Quote Originally Posted by Franco View Post
    Here is another visual of the problem. Two Partys, same outcome.

    Third party=NO OUTCOME!!

    Stan b & Elvis

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    Senior Member Franco's Avatar
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    Quote Originally Posted by road kill View Post
    Third party=NO OUTCOME!!

    We know you supported the candidates that got us into the mess we are in. Afterall, Paul Ryan only voted to raise the Debt Ceiling 8 times.

    If we had that third party in charge or had Congress listened to the man, we wouldn't be 16.5 TRILLION and debt and the dollar facing a potential collapse due to N European countries taking thier gold out of the NY Fed Reserve!
    Last edited by Franco; 01-21-2013 at 08:46 AM.
    The Libertarian Party believes that all persons are entitled to keep the fruits of their labor. A call for the repeal of the income tax, abolishment of the Internal Revenue Service and all federal programs and services not required under the U.S. Constitution. We support the passage of a "Balanced Budget Amendment" to the U.S. Constitution, provided that the budget is balanced exclusively by cutting expenditures, and not by raising taxes. LP.org

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    Quote Originally Posted by Franco View Post
    If we had that third party in charge or had Congress listened to the man, we wouldn't be 16.5 TRILLION and debt and the dollar facing a potential collapse due to N European countries taking thier gold out of the NY Fed Reserve!
    Not being as as U, would you explain how taking their gold from the Fed affects the dollar?
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    Senior Member Franco's Avatar
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    From today's Forbes.com

    "After all there is much anxiety in financial capitols about the future of the Euro as well as the feeling that the almost constant printing of new dollars to keep America running portends a terrible crisis down the road. And that crisis in the value of paper money makes physical possession of gold a no brainer."

    http://www.forbes.com/sites/robertle...ck-in-germany/

    It is a sign that the rest of the world in getting very concerned about the health of the dollar.

    Apparently, the Krauts don't feel as if their gold is safe at the NY Fed Reserve. Now, there is talk of other N European countries securing their gold as well.

    And, why would former Fed Chair Allan Greenspan write that we need to consider a return to gold backing of the dollar in 2008 if he wasn't worried about the dollar?
    Last edited by Franco; 01-21-2013 at 03:44 PM.
    The Libertarian Party believes that all persons are entitled to keep the fruits of their labor. A call for the repeal of the income tax, abolishment of the Internal Revenue Service and all federal programs and services not required under the U.S. Constitution. We support the passage of a "Balanced Budget Amendment" to the U.S. Constitution, provided that the budget is balanced exclusively by cutting expenditures, and not by raising taxes. LP.org

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    Quote Originally Posted by Franco View Post
    From today's Forbes.com

    "After all there is much anxiety in financial capitols about the future of the Euro as well as the feeling that the almost constant printing of new dollars to keep America running portends a terrible crisis down the road. And that crisis in the value of paper money makes physical possession of gold a no brainer."

    http://www.forbes.com/sites/robertle...ck-in-germany/

    It is a sign that the rest of the world in getting very concerned about the health of the dollar.

    Apparently, the Krauts don't feel as if their gold is safe at the NY Fed Reserve. Now, there is talk of other N European countries securing their gold as well.

    And, why would former Fed Chair Allan Greenspan write that we need to consider a return to gold backing of the dollar in 2008 if he wasn't worried about the dollar?
    What is a gold bard? You do know what a bard is? It is very hard for me to view with any level of credibility an article that contains any mistakes, ?

    You are aware that Steve Forbes is a gold person? & while I believe the Fed has created monopoly money, pegging to gold would bring money restrictions to the table the likes of which this country does not have the stomach for. Though I do believe there should be a financial milestone regarding monetary creation which would end the creation of money from thin air, gold is not the instrument . Though it could be in the mix as a portion of the formula .

    We started our family when most of those on this forum were the start of someone else's family, ask your parents how hard money was to come by, unless you already had it & didn't need the loan.
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    Senior Member Franco's Avatar
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    This is what happens when we accept Statism!

    The Libertarian Party believes that all persons are entitled to keep the fruits of their labor. A call for the repeal of the income tax, abolishment of the Internal Revenue Service and all federal programs and services not required under the U.S. Constitution. We support the passage of a "Balanced Budget Amendment" to the U.S. Constitution, provided that the budget is balanced exclusively by cutting expenditures, and not by raising taxes. LP.org

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    Quote Originally Posted by Franco View Post
    This is what happens when we accept Statism!

    & who set the price in 1913?
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    Senior Member Dustin D's Avatar
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    I like this visual aid;

    http://www.usdebtclock.org/

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