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Originally Posted by Guest
Your reply does make some sense but there are to many people and states benefiting from deficiet spending to even consider a constitutional convention so that will take courageous leadership in Congress and that won’t happen without term limits. Unfortunately term limits are extremely doubtful because of money in politics created by deficiet spending. I really think things will have to completely tank before anything changes and by then China will hold all the cards. IMHO
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Nothing changes until the Ds and Rs stop running things. The parties are completely corrupt...BOTH sides.
There you go paper..you're getting it...Over $20 trillion has been stolen and given to the wealthy who PUT the politicians in place who rob us and give it to them.
China won't hold anything but paper IOUs. China is being used like everyone else in the world is being used. China NEEDS from without and as long as that condition exists...we own China. Just like we own Japan. Japan is another big Asian sucker...taking our paper IOUs...because they had no choice after the war.
It's all a paper Ponzi anyway. They create "money" out of thin air...almost at will...their ONLY constraint is inflation...to keep their Ponzi going they have to keep the money inflation at a reasonable rate...that's where all their schemes come in...petrodollars...world reserve currency..."managing" interest rates. Banking is literally free money...but you can't print too much...too fast.