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Non-Cattle Specific Topics
Coffee Shop
The Debt Ceiling
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<blockquote data-quote="Nesikep" data-source="post: 1158977" data-attributes="member: 9096"><p>I think Inyati has the root cause of it about right, while waco has the solution!</p><p></p><p>I think it started before LBJ with the elimination of the gold standard, that enabled the printing of money with no tangible backing to it other than "a promise to pay".. that promise apparently didn't include a timeframe or things would have blown up in a big way before now.. perhaps it's still coming down the pike</p></blockquote><p></p>
[QUOTE="Nesikep, post: 1158977, member: 9096"] I think Inyati has the root cause of it about right, while waco has the solution! I think it started before LBJ with the elimination of the gold standard, that enabled the printing of money with no tangible backing to it other than "a promise to pay".. that promise apparently didn't include a timeframe or things would have blown up in a big way before now.. perhaps it's still coming down the pike [/QUOTE]
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