The thing is, and the the thing that’s going to ultimately cause the implosion, is that the U.S. government can continue to borrow newly printed money from the FED, at will… whereas the U.S. states, counties, cities and towns cannot print their own money to back-fill their deficits. The ONLY way that they can ever hope to resolve their debts is to drastically cut off their spending (they will still owe and have to pay their existing debt) and/or they will have to drastically increase their tax revenues. That’s it. No other way.
Posts Tagged ‘ Fed ’
I was sitting on the back patio enjoying a beer with a great friend catching up. Discussion usually turns to news and John begins to tell me a story he listened to on NPR. A bit near and dear to my heart having lived in South Dakota, which is also the state my Daughter is
A good republic is one that has active sovereigns involved in the day to day processes of its government. In these troubled times it is more important than ever to keep abreast of what our representatives are working on, and to contact them about issues we care about. It is my hope that we all
Non-Partisan Government Report: Federal Reserve Is Riddled with Corruption and Conflicts of InterestOct 23rd, 2011 | By admin
Washington’s Blog October 20, 2011 Cartoon lambasting the Federal Reserve from 1916 – a year before the Fed was created. The Federal Reserve Is Riddled with Corruption and Conflict of Interest, Much More Than Even Other Central Banks The non-partisan Government Accountability Office released a report today showing widespread corruption and conflicts of interest in the
Washington’s Blog October 16, 2011 Economists Want to End – Or Drastically Downsize – the Fed Economics Professor and monetary expert Randall Wray told me that we should end the regional Federal Reserve banks, as they have such terrible conflicts of interest, strip out all regulatory power from the Fed (since it doesn’t believe ine regulation, anyway),