Massive default is best way to fix the economy

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Massive default is best way to fix the economy

September 13th, 2011

FAKE NEWS for the Zionist agenda

Brett Arends
MarketWatch
September 13, 2011

You want to fix this economic crisis? You want to put people back to work? You want to light a fire under the economy?

There’s a way to do it. Fast. And relatively simple. But you’re not going to like it.

You’re not going to like it at all.

Default. A national Chapter 11 bankruptcy.

The fastest way to fix this mess is to see tens of millions of homeowners default on their mortgages and other debts, and millions more file for bankruptcy.

I told you that you wouldn’t like it.

I don’t like it much either. It sticks in the craw that people got to borrow all that money and won’t have to pay it back.

But you know what? The time to stop that was five or 10 years ago, when the money was being lent.

It’s gone.

And mass Chapter 11 is, by far, the least obnoxious solution to our problems.

That’s because the real cause of our economic slump isn’t too much government or too little government. It isn’t red tape, high taxes, low taxes, the growing divide between the rich and the poor, too much government debt, too little government debt, corporations, poor people, “greed,” “socialism,” China, Greece, or the legalization of gay marriage. It isn’t, in short, any of the things all the various nitwits say it is.

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2 Responses to “Massive default is best way to fix the economy”

The country has defaulted more than once before, and maybe if the govt defaults this time – the mother of all defaults – the countries that lend to prop us up will finally be forced to stop it.
Stop talkin and get to it. Show me. Let it go, and rebuild without the bankers. De-throne the corpratocracy. Re-institute Glass-Stegal. The only way to stop is to let it die. This nightmare is not entirely the mortgage borrowers fault. It’s corporate greed sanctioned and approved and held unaccountable by the government that shares the blame and the profit. Legislate five years maximum on corporate charters both Federal and state and they must serve the PUBLICs interest or lose the charter and be fined the profits. Period.

Ron Paul for president.