Sheer Lunacy

Since I last posted on this blog there has been nothing but sheer lunacy coming out of D.C.

We now are watching central planners in action. GM (government motors) will come out with the politically correct car, not that any of us will buy it but then who ever said the gov. is efficient.

This debt has to be paid. The only way I ca visualize at this stage is a massive dollar devaluation. Of course that has happened ever since we gave up our banks to the federal reserve.

Now stay with me here...The treasury needs to auction of our debts. But no one is coming to the auction other than the 16 that are mandatory show, but the bids are getting high now. So the reserve is going to buy these bonds. I ask with what money? Why of course made up money they can just print and so the U.S. treasury ends up owing to private bankers backed by my and yours taxes. And you thought Ponzi had a scheme.

We are now a banana republic. We will lose our AAA status and go the way of all fiat currencies.

That leaves us with tangibles. Dont believe it, look at commodities lately.