Double Barrel: The Debt Bomb and Bernanke

“The Fed has made a desperate bid to perpetuate a fatally flawed government by propping up their debts as well as those of a fatally flawed banking system by means of a fatally flawed currency. They have chosen to do so by issuing an unending stream of Federal Reserve Notes (aka U.S. Dollars). A Federal Reserve Note is itself a debt — a promise to pay. To expect the open-ended emission of ever greater quantities of these debts to 'cure' an existing debt problem of monumental proportions is the acme of absurdity.”
— William Buckler
The Privateer, Sept. 16

No one knows exactly when, but every day Congress and the president don't CUT spending meaningfully — actually reducing spending below the previous year — the federal Debt Bomb explosion grows nearer.

RELATED HEADLINES:
Government destroyed the economy. Here's how we can revive it.
Capitol Chatter: August 31
Capitol Chatter: August 24
Rocket Man