Quote:
Originally Posted by tabs
Wt the Debt Ceiling passed the Treasury is set to print 1,400,000,000,000.00 in short term Treasuries in the next month or so...that is just to cover banking liquidity issues...and their need for collateral..U can't make this stuff up..
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The purpose of this little bit of edification is not to discuss American economic folly but to highlight that putting dinero into spoons is not a bad idea given the irresponsible and delusional behavior of the American people. Better to hold something of real value like spoons than currency, bank accounts, bonds, equities and RE...All of those traditional asset classes are dependent upon the foundation value of the USD.
Microsoft, Apple, Amazon etc do not exist if the economy supported by the USD is in collapse, (because of a failed USD based monetary system). The lights go off, ala the Great Depression as a historical reference point.
Given this state of affairs Americans should be scared Sless as a normal state of being any other state of being is delusional. Hey Boyz when are you scheduled to get trans-ed???? That is reflective of how psychotic America has become.