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  1. #4
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    Quote Originally Posted by roberth View Post
    I read that article. This is all a bubble propped up by trust in paper currency backed by assets that will cover the first loan but none of the subsequent loans. There are not enough assets currently to cover the debts of the governments or the people and monetizing debt will eventually fail.

    As to the question about transferring a good percentage of Mexico's population here, I think that is just vote buying. What will these elites do when they run out of our money to pay for votes and the voters starts kicking down the mansion doors demanding their fair share? How do the elites plan to stay in power once they run out of gifts?
    I think you're right that it's effectively vote buying the way they've been doing it, and they're going to continue to do it. I'm just saying if they really couldn't vote, and really couldn't get government services for a really long time, we would probably be well served to get as many people from Mexico and the rest of the world as possible to keep the Ponzi scheme alive as long as possible. And that very well may be why the government is so insistent upon leaving illegal immigrants alone. But they're leaving out the important part. *

    One side of me says "screw that, just collapse the sucker now and let's deal with it". The other side says "why not just continue to get free money as long as we can print it? It's not going to hurt any more in the future than it would right now if we pulled the plug." We're already past the point of no return, why don't we just keep enjoying it as long as the creditors will let us? We're not going to pay back $16 trillion any easier than $100 trillion.

    *Edit - or is it really so hard to believe that the government has done the math and determined it is less expensive to let illegals come in and rape the system than to not have them be here at all? In other words, they contribute slightly more to the economy than they take out?
    Last edited by generalmeow; 04-15-2013 at 08:52.

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