Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
mogamboguru.com / By Mogambo Guru / August 26, 2013
I’m back, and finally calmed down, from my disastrous trip to the bank. I’ve never been so angry and humiliated in my life, even including that embarrassing time in the seventh grade when the beautiful Jennifer, whom I deeply, deeply loved more than life itself, told Mary Sue, who told Marcie, who told her boyfriend Mark, who told Todd, who told Bob, who told me, and now everybody knew, that she thinks I’m icky.
Anyway, old scars that never quite heal aside, my day started off innocently enough by my noticing that the enormous, bankrupting national debt has mysteriously stabilized, at $16.738 trillion, for the last few months in a row, probably connected to it being obviously MORE than the Congressionally-mandated $16.699 trillion debt limit.
And I’m supposed to believe that this static-yet-enormous amount of debt is for real, despite large and continuous creations of currency and credit by the evil Federal Reserve so that the selfsame evil Federal Reserve can use the currency and credit to buy more government debt, to the tune of $9.55 billion three weeks ago, $29 billion two weeks ago week, and a whopping $39 billion last week?
At this point my heart is beating noticeably faster, teeth grinding harder, and I’m actually hyperventilating after noting that the Federal Reserve bought, outright, a tidy $782 billion in U.S. government debt in the last twelve months. This is 23 percent of the entire monetary base! Gaaahhh!
It actually becomes surreal when, despite enabling and financing the redistributive fascist government to deficit-spend us unbelievably further into the black hole of massively unpayable debt, somehow, from a strict accounting viewpoint, this new debt has, amazingly, disappeared! Gone! Vanished!
Immediately, what those of us who are properly defined as true paranoid Austrian school of economics, gold bug, gun nut, Constitution-hugging, paranoid and thoroughly outraged people want to know is “Hey! What IS this crap?”
Secondly, being the greedy capitalist, free-market pigs that we are, we then want to know “Can this amazing trick can work for us — meaning me! – work-a-day slobs, too? I’d really love to borrow a lot of money and have it completely disappear!”
Thanks to BrotherJohnF