i was all in for the "old battle ax" back in 2008 and was furious when the nomination went for obama. i felt the obama people ran a vicious campaign(which was repeated this year). the media preferred the "first black to be elected president" narrative rather than the "first woman to be elected president".
i didn't watch one second of the inauguration because i knew it would be infuriating. mitt romney is probably the most charitable decent person who could have been president but he was savaged from the beginning by the media and obama minions. the media was not issue druiven but comported themselves like the petty assholes they are. journalism is dead.
$16T today, and over $17T by the end of this year. Therefore it was around $10T as W exited. Better learn all this, as this is the single most important impact on your future there is. We do not actually repay anything. We have the Federal Reserve create more money to pay the previous interest and principle from bonds issued before. Then we have them create more to fund the deficit each year. It's similar to cash-advancing one credit card to pay the payment on another. It goes on until one day it doesn't. Once bond holders realize they will be repaid with dollars that don't buy nearly as much they will stop buying bonds and start selling them, triggering a huge bursting of the sovereign bond market (worldwide, all other major currencies do it too now). If they decide to "print" money to cover this up the result could be hyperinflation, the destruction of all dollar-denominated savings, and of course an economic disaster as you need a currency to have a functioning economy.
Google:
Fiat Money
Fractional Reserve Banking
Federal Reserve Bank
I doubt even 1% of our population understands that our money system is debt based and how it is actually created almost out of thin air. If they ever catch on it's game-over.
Boyfights champion '79-'83
the next rational, well conceived thought you articulate will be your first, pumpkinOriginally Posted by RobinsLeftFlap
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