Coming U.S. Bond Default

That's when they resort to hyperinflation.

My Grandfather warned me, He lived it! Suitcase full of money won't buy bread is REAL, and he said, "When they start printing money based on no standard, it has begun, Look Out!!" Now they just create it by computer. I say this is past the point he warned me of. Such warning took place when they removed the Silver Standard, and moved to "Federal Reserve Notes".

We need to restore a gold standard. Politicians don't want to do this because their growing government ambitions depend on indirect taxes- INFLATION.

Ron Paul introduced a bill calling for full audit of the Federal Reserve. Inflation is the step before hyperinflation as noted above. There isn't enough Gold in the world to spend as we are, but agree Some standard , any standard might help. Afraid, however, unless massive steps are taken in the next session, we are going to be "Past the Point of no return".

That is a bill in the MUST PASS category and I think it will if Pelosi ever get's off her duff and puts it on the floor. Same with Reid in the Senate version.

Yep. HR 1207 and S 604 MUST PASS. It's probably the most important bill of this Congress.

I don't see Pelosi or Reid putting it up for vote anytime soon, unfortunately.

Maybe the recent shake-up will help.

I dunno, Colonel. I have my doubts.

What part of the nation is up to it's eyeballs in debt don't you undrstand Chuck.

Col., I always enjoy your perspective. Please see my note above re: Suitcase full of money won't buy bread. I would love for you to be my friend, but am so new, do not really know how to request it.

re the suitcase full of money. That is exactly what could easily happen. A big crash could come any day if the foreign holdings are suddenly cashed in. The dollar could be worth zip overnight.

Chuck this is very serious stuff, you should have more to say...

All empires fail as they overextend themselves and run out of money.

This one could prevent that by returning to a Constituional Republic ruled by law instead of greedy people.

Col, It might help Chuck, if he were to be pointed to some historic facts about "Fiat currencies" and their ruination of nations ( oh boy, a rhyme ). I remember some studies I was doing about the shape Germany's economy was in, courtesy of the Versailles Treaty and the bankers' constant printing of 'money'. I used to have a neat little collection of the inflated-value currencies and the corresponding stamps. ( Imagine it costing us a whopping $10,000,000,000 to send a letter across town!!! ) I also remember a few Aluminum coins I had that were paper-thin with a face value of "5000 Marks"!

Coming to a 'Fed' bank near you!!! ( Possibly, if the "Amero" doesn't materialize fast enough for the bankers' hopes! ) As for the bonds and treasuries, most of these fiduciaries are owned by foreigners like China, European Union, etc. If the US defaults on any of these fiduciaries, WE ARE ALL IN SERIOUS TROUBLE! This is where we supposedly get additional money "lent" to us at a significant cost! This model of an economy is so worm-eaten and decayed, it's a wonder we didn't go belly-up years ago! ( I know! The "banksters" have been continuing this charade to get us so deep into debt that there would be absolutely NO WAY OUT! )

I always thought that debts done in fraud by one or both parties was "null, void, and unenforceable by the nature of that fraud". At least that was what I remembered when I took "Business and Personal Law" years ago.

I took Business Law myself and that is right. Except if you are a big banker evidently.

The Crash is coming as I have been predicting and by this time we will be spending AMEROs or some other new currency. The dollar will still be around for a while but eventually will be turned in at an exchange rate. Then the same dance will start over unless we go back on the gold standard.

Thanks for the link, Colonel...Sounds like the old shrink-the-debt caper...

thanx for posting this

It is a scary time we live in. but what can be done now? The government has to stop spending. We know that. But then what????

We could start by pulling our of Afghanistan and Iraq. Then close most of the 700+ bases scattred all over the world. That would be close to or more than a Trillion.

Cut out all foreign aid. That would take care of the 400 Billion.

Audit the Fed and if there is any crooked ness going on fine them heavy before throwing them in the pen.

Cut down on the size of governmet instead of expanding it. Another 200 or so Billion.

There are a number of ways to get the country back on track but no one in DC will even suggest it except Ron Paul.

Hopefully we can get a few more Ron Paul's in office next year. There are several running already.

We are going to need a lot of them.

They might want to have their little "private armies" to watch their backsides! Tangling with the 'Fed' has been much like tangling with King Cobras, as history has already proven time and again! "Only ONE bite and you're dead!"

I don't know how we will get out of this other than by giving our debtors "The Bird." I'm not being belicose or mean but realistic (not the Radio Shack brand either), there will be no way we will pay it off. When that time comes, we will have to be able to back ourselves up militarily. I don't see any other way out of this, will it lead to an atomic war, possible, but I don't see any other solution but "the Russian one," get prepared, dig in and fight it since we are cornered or will be.

Even with that, we do need to cut back and George has a lot of good ideas here.

A nation with no assets can't support an Army. Therein lies the Rub.

Charles, this debt is an act of "Fraud"! If it were to be recognized as such by the majority, the laws of business and contracts would take care of that detail. The problem is that these "banksters" are willing to murder ANYONE in cold blood in order to keep this fraudulent system going, that and keep out any facts of it being a fraud!

This is NO different from what the "Sanhedrin - composed of Sudducees and Scribes ( all descended from the Essenes )" did to Rome! They controlled Rome by controlling her wealth and thereby, the political system!

They only way I see this system coming down is if it were to be forcefully-brought down! These "taskmasters" are NOT going to go away very easily, nor quietly! This has been a program and pogrom in the makings for over a century-and-a-half! The Federal Reserve Act of 1913 was suspected to have been planned for over TWENTY YEARS before it was first introduced to the U.S. CON-gress in 1910!

These crooks are murderers of the absolute-most-hideous kind and they don't think twice about it either!

Yeah, you have a point, George, it might have to come down to all of us who are willing to fight on our own although maybe we'd have the National Guard at least. I know Communist and other countries with dictators can and do support huge armies with very little concern about money or how much they have, crap we are headed that way anyhoo. B-P I just keep thinking back to the old Star Trek episode, "The Omega Glory," that featured a parallel Earth where the Red Chinese came over to invade America and over hundreds of years of war, what's left of America was coming back to toss them out.

Think Red Dawn

Well, the new "Red Dawn" coming out next year does focus on a Red Chinese and Soviet/Russian invasion, at least that's what I hear. Time to oil up the M1 Garand. B-)

Taht was a good weapon. Don't get a M1 thumb.

I know, you can get your thumb trapped in the rifle if you are not too careful.

When I went through Basic there were a half dozen or so guys with a smashed thumb. Fortunately I was not one of them

My father serve in the Army from 1955/57, I'll have to ask him if he ever got "M1 Thumb." He was a photographer so he mainly carried the M3 Grease Gun or an M1911A1 handgun. A lot of soldiers wondered on how a private could carry a .45 since it was the realm of officers and sargeants, but since my father had to carry heavy loads of photography equipment, he was allowed to opt for a sidearm.

No kidding. Still the mantra of the free lunch marches on.

As they say it works good until you run out of other people's money.