Submitted by Bill Holter:
Mayor Bloomberg of New York City spoke Friday and told people not to worry about the sequester because the U.S. has “unlimited” amounts of money. Does he really believe this? Does anyone?
It is this exact mindset that put us in the situation we are in today, “money” is no object. It is no object because it has no value. Dollars cost little to print and nothing to create digitally.
I don’t know how it will be explained to the masses that “your money is worthless” but this is fact and the ugly truth will come out. This is something that every citizen in the world has had to factor in to their investment and savings plans…EXCEPT for Americans. Which is why the coming currency crisis will be felt harder here in the States and be coped with less effectively than anywhere else.
Mayor Bloomberg of New York City spoke Friday and told people not to worry about the sequester because the U.S. has “unlimited” amounts of money. Does he really believe this? Does anyone? Please, DO READ this link, what Bloomberg has said is the epitome of stupidity, arrogance and structural ignorance that is running (ruining) this country. He said that we could “owe an unlimited amount of money and there is no specific amount that would cause default”. “UNLIMITED”? Unlimited is an awfully big number, in fact “unlimited” is sort of like “infinity” don’t you think? Oh that’s right, we’ve already spoken about infinity, nothing to see here…please move along.