tag:blogger.com,1999:blog-7566715115931065803.post8028859156092968097..comments2024-03-27T09:44:59.329-04:00Comments on Free North Carolina: "........ every government agent, from local cop to the president is an author of the death of those (Constitutional) principles and the death of liberty.Brock Townsendhttp://www.blogger.com/profile/11404173139501539265noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7566715115931065803.post-66718564919823229482016-02-12T13:59:32.398-05:002016-02-12T13:59:32.398-05:00There is no higher authority who can drag them int...There is no higher authority who can drag them into court or seize assets.<br /><br />The collector would need to go to war for enforcement, if the debtor reneges, which wouldn't be worth it.Brock Townsendhttps://www.blogger.com/profile/11404173139501539265noreply@blogger.comtag:blogger.com,1999:blog-7566715115931065803.post-52732655334772440002016-02-12T13:56:39.743-05:002016-02-12T13:56:39.743-05:00Who could force the government to honor it's p...Who could force the government to honor it's promises as they don't now anyway.?Brock Townsendhttps://www.blogger.com/profile/11404173139501539265noreply@blogger.comtag:blogger.com,1999:blog-7566715115931065803.post-1928561709828192042016-02-12T08:34:38.123-05:002016-02-12T08:34:38.123-05:00False assumption. The US Govt has sovereign immun...False assumption. The US Govt has sovereign immunity, so there is no "debt collector". Governments can and do simply renege on their obligations and walk away clean. There is no higher authority who can drag them into court or seize assets.<br /><br />In most cases, governments accomplish that by the slow expedience of inflation and paying their debts in money that is not worth as much as the money they borrowed. Wise investors know this and seek rates of return that exceed the rate of inflation. When economic systems lose stability, wise investors stay out of the system. Brilliant investors go bargain shopping.<br /><br />During the last great depression, when people were dumping their stocks for pennies, other people were buying them. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7566715115931065803.post-4383791133745282702016-02-12T02:30:37.385-05:002016-02-12T02:30:37.385-05:00this subject has been discussed with people i know...this subject has been discussed with people i know.<br />if china calls in the debt they will be our new landlords, as the land must have been the collateral since there is nothing else to back the debt.<br /><br />start learning mandarin.deb harveyhttps://www.blogger.com/profile/05110992898072146282noreply@blogger.com