debt ceiling

[QUOTE=mrmouse]No wonder why we're going broke!

Leaked Audit: Boeing Overcharged Army Up to 177,000 Percent on Helicopter Spare Parts

www.pogo.org/pogo-files/alerts/national-security/ns-sp-20110623-2.html[/QUOTE]

Joe Neubarth wrote: If we sell Debt (Bonds and Notes from the US Treasury) overseas the buying countries and banks have a vested interest in keeping the Dollar UP in value. The more Trillions we foist on those stupid sons of b*tches the better. They can cash those bonds and notes in and take the cash and buy American stocks and real estate. The real estate bubble wiped out about 17 Trillion Dollars of equity. (roughly equivalent to the national debt) One third of that lost money was held by foreign countries who bought it with American Dollars that we foisted on them. Secretly we call that the Great American Swindle. We are getting them to buy our companies, our land, our manufactured products, our agricultural products, our resources that are mined and so on. Thus we are "BUYING" their need to protect us. It is a fantastic system and keeps on growing as long as the Treasury sells Bonds and Notes to foreign countries. When the US Treasury Paper sales are undersubscribed, the Fed buys them and then gradually sells them overseas. Yet, we have provided protection for some of our resources so we keep Trillions of Dollars of resources in reserve. We even created these environmental protection groups so we do not exploit our oil in Alaska too fast. We have signed treaties to not drill in the Arctic Ocean (where we have an oil reserve greater than Saudi Arabia had). We are not mining Uranium in Arizona and Utah and Colorado, keeping it in reserve while encouraging the mining of limited uranium reserves in Australia. We are the wealthiest country in the world because of our reserves, and yet, we enjoy the beneficence of the other countries in the world that keep on buying our debt and are thus buying an interest in seeing us prosper. The interest paid to those countries is small potatoes compared to the tremendous dividends it pays us. Amazing how that works. No other country on Earth has pulled a unstoppable swindle like that. We are amazing since we created the Fed.

Those are two pretty big conspiracies...

1. The Americans allow others to buy our treasuries/bonds then turn around and default on them every chance we get to automatically forgive the money we owe them.

This one is interesting because it's plausible, but you'd have to have a huge amount of people on board. Also were something like that to get out, who's going to buy U.S. Treasuries from that point forward, knowing that the first chance the U.S. gets they're going to wipe out that investment? I don't personally buy into Crude Oil because I want to see them (Whoever "Them/They" are) to see them destroy the value and screw me out of my money. Other countries are probably thinking along the same lines of thought.

2. We're using everyone else's resources up first, then we win! Oh, and the Envirowackos are useful idiots.

There are problems with this, such as it takes a number of years to get an oil well/U235 mine etc online. I'm referring to an oil well that's already drilled, just awaiting a pump or a Uranium vein.

I realize that it's not exactly like the Saudis up and say,"Oh man, we're out of go juice" and we then start working on it ourselves, but there are far too many variables. One of which is that most of these countries either far overstate their reserves (We probably do it too) or are looking to do the same, i.e. wait until everyone else is out to start the party, when they get the chance.

You're of the opinion that the Envirowacko movement is a government seed that's come to fruition so we can have a face and scapegoat on why we're not drilling etc, but when things get slim, we're going to go to those hippies, backhand them out of the way with a "Shut up Hippie" and get working?

Interesting thought. Can I be the guy that delivers said backhand? My hippie slapping quotas been terribly behind of late as we haven't had many PETA or other protest since the GOP people came to St. Paul.

Well, the people I know in D.C. did exactly what I knew they would do. They came to a Last Minute Deal. LOL, the deal is nothing will do nothing and will be dumped by the next Congress.

There will NEVER be a Balanced Budget Amendment passed and D.C. will keep spending. Spending MAY go on even if we put all Republicans or Tea Party people in office in the next election. But I will guarantee the spending WILL go on if we put the Dems in charge the WH, Senate, and Congress.

It is YOUR choice when you vote.

http://www.thesun.co.uk/sol/homepage/features/2651937/The-people-living-in-drains-below-Las-Vegas.html