With the so called debt deal waiting for a rubber stamp in the Senate, here are just a smattering of what intelligent people are saying about the theatrical debt deal recently crafted by the con men in
US government:
Mish calls the debt deal a "
sugar coated Satan sandwich" which has no cuts and no new revenue.
Peter Schiff says debt deal is "gold bullish" and a "
blank check" Note: spot gold is $1637/ Troy oz. today.
Marc Faber explains that the
debt deal solves nothing and that eventual hyperinflation is assured.
David Walker says
we are less than 3 years away from becoming Greece.
Marc Oswald
calls it a drop in the bucket and that we deserve a 2-notch credit downgrade because of it.
Ambrose Evans-Pritchard says
debt saturation is pushing the world back towards gold.
And finally, con man Vlad Putin calls the kettle black as
he labels America a parasite on the world. For the record, Putin has always been complicit with the great debt Ponzi and inciting children into anger against
America as if
America is the only problem in the debt Ponzi smells very similar to Hitler indoctrinating the Hitler Youth. The truth is that
America definitely started the con with Bretton Woods and then kicked it into high gear with the default on dollar convertibility into gold but that Putin
and everyone else in the world happily went along because they thought they were getting something for nothing in the deal. Now that the con is collapsing their share of the scam will collapse first because they are marginal relative to other better players in the con like
America, the Euro-scammers and the new comers to the adult table of the con,
China. That's like the loser of a game of cards that they thought they were rigging finding out that they have been out-foxed. It's as sad for the good Russian people as it is for good Americans but Putin himself is no victim, he's just a second rate con man who himself has been out-conned.
