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Author Topic: Sen. Rand Paul: 'We Have No Money. There's No Rainy Day Fund, There's No Savings Account'  (Read 1189 times)

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Offline DB

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Re: Sen. Rand Paul: 'We Have No Money. There's No Rainy Day Fund, There's No Savings Account'
« Reply #25 on: July 16, 2020, 09:33:43 pm »
Quote from: libertybele on July 16, 2020, 09:30:47 pm
I had hear a few months ago on Glenn Beck that China was already starting to ditch treasuries and Japan and other countries are no longer buying our debt.  He also made comment that U.S. banks don't have the money to cover what their customers have on deposit.  Very troubling.

We've held gold and silver for the past 15 years or so and it hind sight I wish now we had purchased more. 

This country has a very long and very rocky road ahead of us.

The 4 trillion spent in the last few months came out of thin air. It wasn't backed by any purchases of our debt. It was printed.
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Online catfish1957

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Re: Sen. Rand Paul: 'We Have No Money. There's No Rainy Day Fund, There's No Savings Account'
« Reply #26 on: July 16, 2020, 09:43:57 pm »
Quote from: DB on July 16, 2020, 09:33:43 pm
The 4 trillion spent in the last few months came out of thin air. It wasn't backed by any purchases of our debt. It was printed.

And 98% of the population continues on their Unicorn ride  whipping in and out through rainbows and skittle rain showers.
They'll all be oblivous to what him 'em.  Grim picture awaits indeed.   
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Offline Hoodat

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Re: Sen. Rand Paul: 'We Have No Money. There's No Rainy Day Fund, There's No Savings Account'
« Reply #27 on: July 16, 2020, 10:30:44 pm »
Quote from: DB on July 16, 2020, 09:33:43 pm
The 4 trillion spent in the last few months came out of thin air. It wasn't backed by any purchases of our debt. It was printed.

Been that way since 2009.  Too bad there isn't a political party around to oppose this.
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

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Offline DB

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Re: Sen. Rand Paul: 'We Have No Money. There's No Rainy Day Fund, There's No Savings Account'
« Reply #28 on: July 16, 2020, 11:01:49 pm »
Quote from: Hoodat on July 16, 2020, 10:30:44 pm
Been that way since 2009.  Too bad there isn't a political party around to oppose this.

The GOP use to pretend to.

Not anymore.
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Offline DB

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Re: Sen. Rand Paul: 'We Have No Money. There's No Rainy Day Fund, There's No Savings Account'
« Reply #29 on: July 16, 2020, 11:04:26 pm »
Quote from: Hoodat on July 16, 2020, 10:30:44 pm
Been that way since 2009.  Too bad there isn't a political party around to oppose this.

"Quantitative Easing"... QE for short... When government and/or leftest do something that is well known to be a bad thing, just call it something else that makes it sound technical and it is all good...
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Offline roamer_1

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Re: Sen. Rand Paul: 'We Have No Money. There's No Rainy Day Fund, There's No Savings Account'
« Reply #30 on: July 16, 2020, 11:22:47 pm »
Quote from: catfish1957 on July 16, 2020, 08:56:44 pm
My throat's hoarse.  I can't scream any longer.  In the past 24 hours I have been basically called a one trick ponied fiscal loon.

That sounds so familiar... I may be doing some deja vu...

Quote
But since I can't predict when this house of cards starts falling,  some will stand behind a facade of idelogical purity where the good of man will stand true and prevail.  It's almost like some think that there is some pre-ordainment that there is no way nothing can come to harm for us.

No illusions. I cannot think of a single time anyone successfully left the road to Venezuela. And who has staved off Communism once it reaches critical mass? And who Mohamedism?

Our doom is nigh upon us, and we have neither the discipline to rein in spending, nor the faith to stand upon our former solid ground. If we pull through this, it won't be by our power. Nor will we deserve it.
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Online Fishrrman

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Re: Sen. Rand Paul: 'We Have No Money. There's No Rainy Day Fund, There's No Savings Account'
« Reply #31 on: July 16, 2020, 11:44:57 pm »
Vulcan wrote:
"If interest rates take any kind of spike, it will be dire. Don't even get me started about our currency if that happens.
Our grandchildren aren't going to pay for this. We're going to pay for it right damn now."

By that time, America will have become socialist/communist, and those in power will simply renounce "the debt".

I do not write the above in jest.
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