Bill O'Reilly: The U.S. Dollar will Collapse

By HousingBoom   Follow   Mon, 28 Jan 2013, 9:19pm   684 views   5 comments
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The shepherd has a message for all his fellow sheep...

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  1. mell

    Befriend (8)
    320 threads
    San Francisco, CA

    1   10:04pm Mon 28 Jan 2013   Share   Quote   Permalink   Like (2)   Dislike  

    Bullshit, Paul 'the Professor' Krugman will avert this impending calamity easily with his giant erect penis in one hand and his noble prize in the other hand!

  2. deepcgi

    5 threads

    2   10:19pm Mon 28 Jan 2013   Share   Quote   Permalink   Like (5)   Dislike  

    He's correct. At the current deficit levels, the US could give us all a year or two off of taxes and the difference would be negligible. Supposedly spending 85 billion a month worth of bad mortgage debt doesn't trickle down to the consumer where the money printing would "truly hurt" us, but of course it does. Don't see any inflation and therefore no danger due to deficit spending? Well real estate would be down 75 percent nationwide without it. The difference IS the inflation. The trouble is that we are debasing our currency at our creditors' expense. They will not all think alike and vote alike and a currency war will result.

    How is this sustainable? There have been no "reforms"...that is a load of administration BS. Cutting back on some of the zero down, interest only, no doc required mortgage instruments hasn't effected the banks at all, because the Fed just buys up all of the bad deals - covering everyone's ass. Just how is an economic turnaround going to pay back the 85 billion per month that's been spent continuously over the past five years? How will the banks do business when the fed isn't covering all bad bets? Just how incredible a turn-around is required to send those banks back into self-sustaining mode? How long before someone proposes public access to investments that are currently being "guaranteed" by the Fed?

    If any one of our creditor nations calls our bluff, the Fed could be screwed again without an emergency Congressional action.

  3. Mark D

    242 threads
    Simi Valley, CA

    3   12:41am Tue 29 Jan 2013   Share   Quote   Permalink   Like (4)   Dislike (1)  

    how come he didn't bring up any of this when Bush was in office and launching two BS wars without money? or did he not consider war/military spending "federal spending" ???

  4. CBOEtrader

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    26 threads
    Chicago, IL

    4   6:50am Tue 29 Jan 2013   Share   Quote   Permalink   Like   Dislike  

    Hitler, Stalin, Mao, Castro, Obama...makes sense.

    One of these things is not like the other.

  5. inflection point

    4 threads
    Fremont, CA

    5   8:40pm Tue 29 Jan 2013   Share   Quote   Permalink   Like   Dislike  

    Mark D,

    Fair enough, Bush jr. was not too different than BHO.

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