America's Debt Time Bomb

The United States government can conviscate everything you own, including your person. If you believe the Bill of Rights will protect you from the Bushites, you would be wrong.

Inflation will get worse. Why? Simple, the United States, just to maintain fiscal solvency, must sell Billions of Dollars of U.S. Treasury Notes each and every day. In order to attract customers, notably the Chinese, these notes must pay a fair dividend. This means interest rates must rise.

In as much as petroleum will rise inexorably, the price of all goods will rise as well. This means only one thing, Inflation. Brace for it. And know this, this present Government of the United States is clearly and definitively your enemy.

America's Debt Time Bomb
By John F. Ince, AlterNet. Posted December 1, 2005.

"...In the words of former Fed Chairman Alan Greenspan, "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation." As Harvard economist John Maynard Keynes explained: "By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.".."