Showing that bankster idiocy is truly bi-partisan – from Zero Hedge:
…”I wish Tim Geithner would say, when we reach the debt ceiling, we reach the debt ceiling, we are not going to do tricks down here…The Congress needs to be responsible and adult and take action on the deficit. The people who are threatening not to pass the debt ceiling are our version of Al-Qaeda terrorists. Really. They’re really putting our whole society at risk by threatening to round up 50 percent of the members of the Congress, who are looney, who would put our credit at risk.”…
Shows the level of panic our banksters are reaching – they are scared spitless that we won’t raise the debt ceiling, thus calling a halt to their schemes to protect their wealth by picking the pockets of the middle class. That is all the money printing and the borrowing amounts to – Bernanke prints up money which devalues the money we, the people, hold. The newly printed money is handed off to the banks, who then use it to buy bonds – which we, the people, have to pay back with interest, using our rapidly devaluing dollars. To really nutshell it – banks are being given free money which they then loan to us. Great gig, if you can get it – but it only works as long as the United States keeps borrowing like no tomorrow.
Anyone out there still wonder why I want to abolish the Federal Reserve and pass a balanced budget amendment?
For the immediate future, this is just another good reason to really fight it out on the debt ceiling debate. Do not agree to raise it unless fundamental tax and spending reform is enacted. This is a fight we must have – and a fight we would win easily. All we have to do is show the courage to ignore scare tactics like this – accusing us of being terrorists because we don’t want to borrow more money! The statement is absurdly stupid…but they’re going to keep on trying, because they can’t actually debate us on the merits of the issue.
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