ThePainefulTrut
Junior Member
(Quote from the OP article)
Originally posted by Robtard
"The pessimistic view is that markets might indeed freak out. The coin might be a sign that the U.S. government has become even more dysfunctional than anyone thought."
That, more than anything, is the problem, our denial of our crushing debt. When (not "if"😉 interest rates go up, this will all come crashing down. The emperor does have clothes, but he left them hanging in his closet made of smoke and mirrors.
Interest rates near 0% and the US dollar being the world's reserve currency are the keystones at the base of this house of cards. Think Greece times trillions. And when we fall (some say we're already falling), other constitutional democracies will fall like a house of cards, including Sweden.
"...and I believe farther that this is likely to be well administered for a Course of Years and can only end in Despotism as other Forms have done before it, when the People shall become so corrupted as to need Despotic Government, being incapable of any other.”--Ben Franklin
"But here, ah painful thought, the fair cause of freedom rose and fell." --Thomas Paine