Comment: We had our Mr. Smith

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We had our Mr. Smith

We had our Mr. Smith

Can one person still make a difference when all the media and the rest of your fellow Congressman are against you?

I think they can. But it depends on how they go about it. I have my own plans. They are about 8 years in the making. There has to be some sort of an enlightenment. Most, including Congress, can't see the cliff is just ahead.

Take the bi-partisan budget that was just passed. It actually increases the deficits by $63 billion over the next two years with only a "promise" to reduce the deficit (not to be confused with debt) by $23 billion over the next 10 years.

There is not one mention of the National Debt or the potential of higher payments on the interest owed should interest rates rise further. What are the odds the Federal Reserve and Congress, who with all their economic advisors didn't see the 2008 Financial Crisis coming, will see what's coming next when they don't even address it in a 10 year budget? The Fed's balance sheet is a sham and every tick up in interest rates they lose money.

We have been at historic low interest rates. The 10 year is already at 3.04%. Taper is a joke and was premature. Mr. Smith is out of office. The wolf is indeed in charge of the hen house.

No Constitutional side show by Levin will do anything to stop this bi-partisan madness, especially when the pro-military crowd are involved.

Cuts will come but they will be forced cuts. Anyone kid with a calculator can do that math because they know they can't put $17 trillion into it to calculate what comes next.

Get yours out and tell me what $17,000,000,000 x 6% is.

In this day and age of computers, micro chips and bytes and bits, why can't a calculator have the ability to add one more zero?

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!