F Dominicus Blog

A politically incorrect blog about matters of money, government, bureaucracy, freedom and sometimes something else.

If it comes to debt

nobody can beat the USA. The unbelievable sum is somewhere around 14 000 000 000 000 (14 trillions) the new debt every day is a around 4 000 000 000. That are new debt of around 1 200 000 000 000. And yet it's not "enough", As we learned Geither wants the "right" to make even more debts. It's interesting, a problem caused by too much debt trying to heal with even more debt. And we are talking about the "official" debts, one can not even imagine the diverse hidden debts. Fact is if the Chinese will start selling bonds, the USA is "finished".

And yet the live as there is no trouble nearby. They initiate programs which are unpayable. But they still pretend it's "social" justice. I guess it's very "just" if we head for another kind of civil war. Not ever in history there was so much debt out there, which lacks nearly any substance. Sure they've build houses like mad and what has happened, they are unsellable. There are regions where you can buy a house for few dollards, but after that comes the gruel awakening. You will get taxed, you will get taxed like mad. And this is "just"? California is bankrupt, and still they are doing as before.

I wonder when they will see that debt <> richness. Some of the deldedefs are dreaming of the "perpetuum mobile". It does not matter if money is backed by anything it's just important to throw out even more money at every problem and steal it from every living men in the US. They think people are so stupid to never realize that debt <> wealth. And yes the grow up there own lower class, because we know democracy is great and equality is even greater one men one vote is the "most just system imaginable". If it means having the lower class vote for oneself because of benefits..., than it's an easy deal

Make saving a "stupid" thing, make debts the "real" thing, tax away hard working people and give it to the spongers. And because you do not want to have it that obvious introduce a new bureaucracy which has to look after the sponger, and say you need this bureaucracy to see that they do not live on expense of the others. This is to keep the honest people calm. Or even better try to make them all addictive. Addictive to the benefits of the great fair nannystate. Give those left right-doers the impression it's them who are guilty of any poverty and that just the big government can do anything about it.