Monday, October 21, 2013


Last October 5th I posted a piece labeled, Dear Congress.  In this posting I appealed to their rational sides and implored them to rein in this senseless, currency destroying spending spree which has symbolized our past three decades, especially the last five years, and threatens to ruin the next three decades.  It appeared that the Republicans were ready for the good fight, but alas, it was all showmanship and they acquiesced to their masters like the cheap whores they are.  They not only gave in, but they wrote BSBHO a blank check! There is no longer a limit to what he can borrow!  To add insult to injury, they also slammed the gate behind them by putting in a provision, that when the next "stop borrowing" deadline comes around, it will take a two-thirds majority in both houses to stop the monster.   My appeal has fallen on deaf ears.  So, what is the average Joe, who is on the hook for $53,125.00 of that debt today, to do?

Expect inflation...massive, mind boggling inflation.  This means that any money you have saved will become worthless.  All of those 401ks, government pension plans, health insurance plans, bond and stock portfolios...POOF! On the plus side, if you are saving cash, it will be good for one thing, paying off past debts.  It won't be much good for buying goods with, so stock up now.

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