Erik Browne

Seattle, WA, United States

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Erik Browne
Posted almost 3 years ago
How do you feel about the responsibility of the government towards the young people (18-25) regarding the economic and financial crisis?
The entire debt crisis is a government run Ponzi Scheme on the verge of collapse. Ponzi Schemes work great until they fail. I ask you, is it so unthinkable to believe your own government would set one up for it's benefit and "yours"? If people went to Madoff a couple of years ago and wanted their money they got it. Why did they get it? Because Madoff pulled in new money from suckers who didn't know it was a Ponzi Scheme; the same thing the U.S Government does. When a bond matures they sell another one to cover the earlier principle. And when they need to pay interest on the national debt they borrow that too. The debt can not be paid off. When the U.S Government runs of out suckers it'll be over. And they'll either legitimately not pay or they'll just go to the Fed and have them print 15 trillion new dollars - effectively diluting our currencies value to 0 - for the biggest bailout in the history of civilization, the bail out of the U.S Government and it's bond holders.
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Erik Browne
Posted almost 3 years ago
How do you feel about the responsibility of the government towards the young people (18-25) regarding the economic and financial crisis?
You my friend are absolutely correct about everything you just said! Waking people out of Statism is pretty hard though. Most people are Statists and they don't even realize it, and often when confronted with this truth they would rather boil in denial than admit they've been scammed their entire lives by those who swore to cradle them. Oh, all I would add is END THE FED! :)