Tuesday, June 15, 2010

You can't Borrow and Spend your way to Riches

What most people need to realize now is that our govt. is going to spend borrowed money until it runs out of places to borrow, then it will expand its printing program. When dollar users and holders realize that it is just a piece of paper managed by thieves the game will end. The economy has been propped up by ever expanding borrowing for decades and we have no idea how bad it really is until we run out of willing lenders. We do not want the people who bankrupted us in charge when the poop hits the fan. They will blame it on the free market and just grab the little freedom that we have left. All future wealth and privilege will be doled out based on political connections instead of hard work and honest business dealing if they succeed.

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