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The coming Bailout
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  1. #1
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    Angry The coming Bailout

    The state of California is going bankrupt. They are expected to be unable to pay state employees by Febuary of 2011. The U S Goverment will bailout California. This may well be the trigger that pushes the hyperinflation button. If we go into Hyperinflation, the price of food , fuel, and everything else will double every two weeks. U S Currency will quickly become worthless.

  2. #2
    NewRodeo
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    Why will it double every 2 weeks? Wouldn't that require doubling the money supply by printing every two weeks?

  3. #3
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    Exclamation Yes

    Quote Originally Posted by NewRodeo View Post
    Why will it double every 2 weeks? Wouldn't that require doubling the money supply by printing every two weeks?
    Yes it would. This happened in Argentina in 1979. The banks there were offering 600% interest to try to get people to leave their money on deposit.
    People were buying electronic equipment to hold for 4 or 5 days and were reselling it in the parking lot of the store where they bought it at the inflated price. Their entire economy collapsed. The same thing happened to Somalia. The state of Michigan has over twenty cities wanting to file bankruptcy right now. California is going bankrupt as soon as February. Silver bullion went up 80 cents per ounce so far today. This thing is happening before our very eyes. The government is going to tell you it is all under control. It isn't !

  4. #4
    bennym
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    You can't believe anything the government tells you !!! They lie through their teeth !!!

  5. #5
    Unregistered
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    would like to hear davids option on...

    What happens if the Fed gov decides to bailout California or any other state?

  6. #6
    sogone0
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    We are already in a multi trillion dollar recession! It is impossible for the U.S. to service the current National debt not to mention our PIIG debts and the projected shortfalls are staggering. The EU should start to topple in the next 3 to 18 months which will spark accelerated printing of money by the Fed Reserve. This will trigger hyper inflation here at home and... TSWHTF soon after. Exact timing is impossible to predict. With God all things are possible so pray for a miracle or our country, or we will go from "In God We Trust" to chaos, physical and moral depravity. This to me is why we have to be extremely careful in picking our group survival members in short and long term. Keep your OPSEC current.

  7. #7
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    This morning the Federal EPA shut down the largest above ground coal mining operation in WV. They had met all existing regulations and had all required permits to operate. There is no other industry in WV larger than coal.
    The federal EPA has began to over reach it's original intended purpose. Bureaucrats are overriding the U S Congress , via regulatory decisions contrary to the will of the people. Each individual state now has it's own environmental regulatory agency. The federal EPA is no longer necessary and is being used to override U S and State legislature . It is time to abolish the Federal EPA. If we don't , it will become the government rather than an agency of the government.

  8. #8
    bennym
    Guest
    I think that's already pretty much happoened Bill ....

  9. #9
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    The Chinese are at the Whitehouse today. They are here to talk about the "Dollar".

  10. #10
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    They didn't have much to say ...........odummy ran his mouth too much too.

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