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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
| Posts: | 6399 |
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It will be forced to increase taxes in order to pay down the debt, and the Fed will have to raise interest rates from its historic lows to suck money out of the system.
Why is the increase of interest rates supposed to be a necessity?
Can't you see this for its inherent falsehood?
Why is the increase of interest rates supposed to be a necessity?
How about an analogy? What would happen if a healthy person is tricked by a snake oil sales man into buying and then consuming snake oil for a supposed increase in health, and then the consumer of snake oil becomes sick, so the snake oil salesman makes a deal with a doctor to prescribe a doctor’s miracle cure for the new sickness, and the miracle cure is to suck the blood out of the patient, where there is no mention, at all, concerning the patients habit of consuming snake oil.
The patient continues to consume snake oil. The patient’s health continues to deteriorate. The patient continues to have blood sucked out, and grows anemic, sicker, and on top of all that the patient has a snake oil bill to pay each month, a doctor bill to pay each month, and a reduction in productive work hours due to the combined sicknesses of consuming snake oil and blood sucking.