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The Water Cooler
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Texas has required number of signatures 25,000
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<blockquote data-quote="TurboFinger" data-source="post: 1989210" data-attributes="member: 10441"><p>no one can predict the timeline, but it will happen. you can't rack up debt indefinitely without consequences.</p><p></p><p>does anyone here realistically think we can pay back 16 trillion dollars and counting? up 120 billion last month and projected to be well over 22 trillion by the end of O's 2nd term.</p><p></p><p>the only thing saving the dollar is that it's used worldwide to exchange crude oil.....our biggest export is inflation. just a couple months ago, a bloc of countries started circumventing the dollar by trading oil in the chinese renminbi/yuan. that is the beginning of the end. just wait until all those US dollars held by foreign governments/companies come back home because they have no use for them anymore. hello zimbabwe...</p><p></p><p>BTW, guess what other countries tried to circumvent the dollar on oil exchanges? saddam hussein's iraq tried to trade in euros and muhammar kadafi's libya tried to trade in gold. were they trying to bring down the american empire? whatever their purpose, it didn't go over too well. now that it's china, russia and iran in a coalition, what are we going to do? start with iran? maybe we can use our proxy, israel, to handle this "little" one....then what?</p></blockquote><p></p>
[QUOTE="TurboFinger, post: 1989210, member: 10441"] no one can predict the timeline, but it will happen. you can't rack up debt indefinitely without consequences. does anyone here realistically think we can pay back 16 trillion dollars and counting? up 120 billion last month and projected to be well over 22 trillion by the end of O's 2nd term. the only thing saving the dollar is that it's used worldwide to exchange crude oil.....our biggest export is inflation. just a couple months ago, a bloc of countries started circumventing the dollar by trading oil in the chinese renminbi/yuan. that is the beginning of the end. just wait until all those US dollars held by foreign governments/companies come back home because they have no use for them anymore. hello zimbabwe... BTW, guess what other countries tried to circumvent the dollar on oil exchanges? saddam hussein's iraq tried to trade in euros and muhammar kadafi's libya tried to trade in gold. were they trying to bring down the american empire? whatever their purpose, it didn't go over too well. now that it's china, russia and iran in a coalition, what are we going to do? start with iran? maybe we can use our proxy, israel, to handle this "little" one....then what? [/QUOTE]
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