[ExI] note from 23andme

spike spike66 at att.net
Sat Dec 7 17:25:31 UTC 2013


 

 

>. On Behalf Of Adrian Tymes
Subject: Re: [ExI] note from 23andme

 

On Sat, Dec 7, 2013 at 8:42 AM, spike <spike66 at att.net> wrote:

 

>>.Compare that to politicians please.  Recalls are seldom used, and
impeachment doesn't apply
to that situation.

 

>.Indeed, I do believe several members of Congress could do with recalls
over the near-default they imposed.

 

Not several, all.  Not recall, but rather, use the election coming in less
than a year.  Elect alternatives to all of them, every one.  This elected
group is a failure.  This house, this senate, this president, all failures.
Send them all home at the first opportunity.

 

Regarding default, plenty of us have looked these numbers and realized that
eventual default by the US Fed in some form is inevitable.  We have promised
all these benefits, collected the money, borrowed and spent it, passing the
burden on to future generations, assuming they will be richer and better
able to pay than previous generations.  That worked until they weren't
anymore, which is now.  So some form of default is as inevitable as the
winter snows.  I suspect the default will be in the form of granting social
security recipients and other government pensioners COLA adjustments of 1 or
2 percent a year, when real inflation is 10 to 20 percent.  That goes on for
years, forming a virtual slow-motion default, while the Fed can pretend to
still be paying its bills.  We will be left holding the bag.

 

In the meantime, I would recommend to the Chinese and Japanese, and anyone
else lending money to the Fed to stop that forthwith.  If they want to
invest their American money in the USA, they should be buying real estate,
specifically in California where the taxes are relatively low.  Some of them
have already caught on and are doing that.

 

spike

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