This was part of the same recording where he talked about 47% of voters being dependent on the government(actually around 68% if you include military spending and all federal employees).
Romney: "[The] former head of Goldman Sachs, John Whitehead, was also the former head of the New York Federal Reserve. And I met with him, and he said as soon as the Fed stops buying all the debt that we're issuing—which they've been doing, the Fed's buying like three-quarters of the debt that America issues. He(John Whitehead) said, once that's over, he said we're going to have a failed Treasury auction, interest rates are going to have to go up. We're living in this borrowed fantasy world, where the government keeps on borrowing money. You know, we borrow this extra trillion a year, we wonder who's loaning us the trillion? The Chinese aren't loaning us anymore. The Russians aren't loaning it to us anymore. So who's giving us the trillion? And the answer is we're just making it up. The Federal Reserve is just taking it and saying, "Here, we're giving it." It's just made up money, and this does not argue well for our economic future. You know, some of these things are complex enough it's not easy for people to understand, but your point of saying, bankruptcy usually concentrates the mind"
So he is aware of the problem,but knows there is nothing he can do about it? He sure has not made any public acknowledgement of what he already knows,much less any actual plan.
I posted this in my https://www.indianagunowners.com/fo...ks_gold_silver_and_the_printing_press-32.html thread,but figured more would read it if I just made a thread.
Romney: "[The] former head of Goldman Sachs, John Whitehead, was also the former head of the New York Federal Reserve. And I met with him, and he said as soon as the Fed stops buying all the debt that we're issuing—which they've been doing, the Fed's buying like three-quarters of the debt that America issues. He(John Whitehead) said, once that's over, he said we're going to have a failed Treasury auction, interest rates are going to have to go up. We're living in this borrowed fantasy world, where the government keeps on borrowing money. You know, we borrow this extra trillion a year, we wonder who's loaning us the trillion? The Chinese aren't loaning us anymore. The Russians aren't loaning it to us anymore. So who's giving us the trillion? And the answer is we're just making it up. The Federal Reserve is just taking it and saying, "Here, we're giving it." It's just made up money, and this does not argue well for our economic future. You know, some of these things are complex enough it's not easy for people to understand, but your point of saying, bankruptcy usually concentrates the mind"
So he is aware of the problem,but knows there is nothing he can do about it? He sure has not made any public acknowledgement of what he already knows,much less any actual plan.
I posted this in my https://www.indianagunowners.com/fo...ks_gold_silver_and_the_printing_press-32.html thread,but figured more would read it if I just made a thread.
Last edited:
