Mail Bag: Ron On National Debt

The most enjoyable part of having this site is not the number of visitors I get or what my rank is on Political Top Sites, but when readers make comments that are really worthwhile, and obviously took a lot of effort.  All comments are great and much appreciated, but the ones that clearly had effort behind them are really special.  This is something I’ve wanted to do for a while, and finally got the perfect opportunity to do so.  The comment below was left on the Cramer vs. Stewart fued article by Ron:

It is ironic that Jon Stewart and a comedy show instead of the regulators or news media had to bring all of this public. Also in Cramers defense he is far less guilty than most of the other financial media for their efforts together with Wall Street, the politicians & incompetent regulators for what has happened.

While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?

China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.

The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts

Thanks,

Ron with 30 plus years in the investment business and banking industry.

I feel like I’m having a Glenn Beck sentimental moment by saying this, but that comment inspired by showing that there are still people in this world that believe in fiscal responsibility and spending along with intake.  This country is spending faster than a redneck that just won the lottery.  I just wanted to encourage everyone that has a Facebook page to join the debt elimination group, I don’t have a personal Facebook page to do it on but I might go ahead and do that one day.  Thanks again Ron for leaving the comment.

Don’t forget, leave a thought provoking comment and we’ll stick it on the front page!

Thanks for reading!

Rick

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4 Comments

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4 responses to “Mail Bag: Ron On National Debt

  1. I just stopped by your blog and thought I would say hello. I like your site design. Looking forward to reading more down the road.

  2. Pingback: Week In Review: March 15th-21st « The Conservative Journal

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