Comments on: That Ticking Noise You Hear in Your Wallet is a Credit Card Time Bomb http://www.contrarianprofits.com/articles/that-ticking-noise-you-hear-in-your-wallet-is-a-credit-card-time-bomb/2116 Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Tue, 24 Nov 2009 15:08:08 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: enginerd http://www.contrarianprofits.com/articles/that-ticking-noise-you-hear-in-your-wallet-is-a-credit-card-time-bomb/2116/comment-page-1#comment-1175 enginerd Fri, 16 May 2008 20:40:24 +0000 http://www.contrarianprofits.com/articles/that-ticking-noise-you-hear-in-your-wallet-is-a-credit-card-time-bomb/2116#comment-1175 If people can't pay their debts, then the Fed will bail them out, just like the mortgage crisis. Naturally there will be no downside to doing this, since the Fed can create money with no negative repercussions. Since the debt has been erased, everybody can get back into debt again, so many people will buy those new, pricey hybrids. This will decrease demand for oil, lowering gas prices, decreasing emissions and ending the threat of global warming. Without such an incredible revenue stream, middle east dictators will no longer present a threat. The world will enter a new golden age of peace and prosperity, created by a cycle of debt and debt bailouts. Either this will happen, or the exact opposite. If people can’t pay their debts, then the Fed will bail them out, just like the mortgage crisis. Naturally there will be no downside to doing this, since the Fed can create money with no negative repercussions. Since the debt has been erased, everybody can get back into debt again, so many people will buy those new, pricey hybrids. This will decrease demand for oil, lowering gas prices, decreasing emissions and ending the threat of global warming. Without such an incredible revenue stream, middle east dictators will no longer present a threat.

The world will enter a new golden age of peace and prosperity, created by a cycle of debt and debt bailouts. Either this will happen, or the exact opposite.

]]>