Treasury Dept to invoke ‘extraordinary measures’ as Congress misses debt-ceiling deadline

Won't be hyperinflation as long as the debt is in the currency we print. Can be inflation but not hyperinflation.

Only if you create debt as fast enough to soak up the dollars

This has happened several times before. There is always a last minute agreement to raise the debt limit. It has stopped being an issue, just look at the stock market.

Saudi owns 25% or more.

The UNITED STATES of AMERICA is a bankrupt Corporation and just like any other Corporation that goes bankrupt it will liquidate it's assets and pay off it's debt with pennies on the dollar. A large portion of US citizens are going to feel the crunch while a new Corporation takes over (Welcome to capitalisms at it's best) But America will restructure and will be booming again before you know it . At that point most of you will be slapping your head wondering why you didn't get in on the greatest opportunity in world history

This is, functionally, meaningless political bluster, and has been every single time its come up.

Start on this page and read back to the beginning:

Thread: Get rid of the money system, then get rid of goverrments (Page 96)

The reason we are bankrupt is that our govt is morally bankrupt.

Congress is out on recess, enjoying the playground like good little girls and boys and LGBTs etcetera.

Great! We all enjoy a good cliff hanger.

What ever you say, Brief.

Well I guess they did say 'extraordinary measures".

Maybe a few dozen track loaders would more to scale.

Somewhere out of the reach of the peons and serfs.

Money is not something YOU are to be trusted with.
.

Stocks...

Just a rigged insider casino for winning fiat assets and keeping the nation's dummies nice and calm

But this time they WANT TO crash the system so they can usher in communism and make themselves gods!

we're going into heavy deflation like the Great Depression.

Everyone said this in 2009

The debt is created at the same time is the dollars. They are equal. That's how central banking works.

You can create dollars too. When you borrow money from someone, a debt and a matching claim (debt based money) are both created. But it's not "high powered money", just a future obligation.

Likewise the Fed lends to the FedGov. The Fed's job is to create them out of thin air, and then to extinguish them when the loan is paid back. (This is the same if you lend your friend $5 and then he pays you back.) But the Treasury is legally entitled to print dollar bills as needed up to the amount they borrowed. (Your friend can't print dollar bills to lend to you.) And the Fed lends whatever the Treasury decides to borrow.

The Fed also deals in the markets to raise and lower short term interest rates on an ongoing basis. And they also buy and sell bonds to adjust long term interest rates. They have essentially infinite resources to do these things. But they are audited every year, I believe KPMG does it last I checked, and they are required to pay any profits after operating expenses back to the Treasury. You can find these audit reports on the Fed website.

Maybe that's TMI, but that's how it works. Europe and the European Central Bank does it about the same way. All central banks work that way.

Last Edited by oniongrass on 08/02/2021 09:55 PM

So, what to buy in your opinion?

Mad Max world

-------------> Sand.


((Full disclosure: I presently hold a 6.91% stake in the Sahara Desert and all of Mongolia.))

Yes,

''EXTRAORDINARY MEASURES''

............................................................​.................................

You don't have to buy per say , Find a need and fill it, In which with all the closing there are tons .example people are crying about if their kids got to wear a mask in school. In my world that means someone has the opportunity to open a string of private schools and make a fortune
All these so called woke people on here do nothing but cry all day and basically wait for big daddy gov to tell them how to live....

It is amazing how few people know this.

Arrest all of them

See , now this tard has NEVER had a single idea of their own , this person is a Gov dependent

There's that old quote used to make the central bankers look bad, that "not one person in a thousand" would understand it. Maybe not that far off, although it's not so difficult.

I remember writing letters to Ron Paul, who was going on about auditing the Fed. I gave him the link to where the audit reports were on the Fed website. (I think Deloitte was doing them then.) Never got an answer back. He kept making a career for some more years based on "audit the Fed!"