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Is America going to go bankrupt?
Last edited by Rei; 08-20-2011 at 04:36 PM..
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Posted 08-18-2011, 05:03 PM
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| 08-18-2011, 05:03 PM | |
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#2
08-18-2011, 05:28 PM
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Too late, there skippy.
Don't see how it's a "secret" to make a ton of cash in our situation. However in doing so, you're right back to square one: cash. If you're not at least a little scared or apprehensive about your financial future, then you've either drank too much kool aid or have chosen not to get involved. It's only "fear mongering" if you're fear mongerable. (<- new word i just made up) |
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#3
08-19-2011, 05:50 AM
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Plus 1 - where have you been?
We have a fiat monetary system. We are at 100% of GDP. We have 20% unemployment. The money printing presses run non-stop. We ARE a bankrupt nation! It is only because the rest of the world depends so heavily on American dollars that things have not yet collapsed. Make no mistake, China is preparing to seperate themselves from the dollar as we speak. When their (peking) ducks are in a row, it will happen. E finita la cuccagna
Politics may not be the oldest profession but the results are the same. |
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#4
08-19-2011, 06:01 AM
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No we won't go bankrupt. Uncle Ben and Co. will just print all the money we need. Now that might cause its own set of problems
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#5
08-19-2011, 07:46 AM
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#6
08-19-2011, 08:20 AM
The United States could save billions in defense funding if they trade the Military for Chuck Norris |
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#7
08-19-2011, 09:11 AM
The US could save billions if they didn't print Trillions. 
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#8
08-19-2011, 11:13 AM
Yeah, yeah, I could say, "Welcome to 1970." (Nixon) It's unlikely the U.S. would go bankrupt. It'd just devalue the currency and lose its world standing, etc, and turn into Mexico. ...but hopefully we'd still have a 2nd Amendment and have guns so as to help avoid being defenseless and getting beheaded by drug cartels running amok that were given guns by the ATF. Last edited by Deusxmachina; 08-19-2011 at 11:22 AM.. Joe Biden says Buy a Shotgun! Wackiness ensues! [youtu.be]
Keynesians have "stimulus spent" $16 trillion dollars. Where are the jobs? Are you on Obama's Little List? [youtube.com] The biggest tax no one talks about [washingtontimes.com] "George Ought to Help" [youtube.com] Keynes vs Hayek economics rap battle [youtube.com] How the GOP stole the nomination [examiner.com] |
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#9
08-19-2011, 01:38 PM
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#10
08-19-2011, 04:07 PM
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The US defaulted 40 years ago.
I is scientist
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#11
08-19-2011, 04:14 PM
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Its now on the table more than it ever was before.
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#12
08-21-2011, 09:32 PM
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Realistically, the US hasn't gone bankrupt and won't go bankrupt if fairly reasonable politicians are in charge. Unfortunately tea baggers and gold bugs are not reasonable politicians.
Many people forget that when Clinton was elected, the concensus was that we'd run burdensome deficits for a long, long time, and some major companies, like GM and Citibank, were on the verge of default. Clinton fixed the economy, not by doing anything radical or by performing a superhuman miracle but by simply undoing voodoo supply side economics and returning to the practices of previous administrations, Republican and Democratic, and that's what we have to do to fix the second chapter of voodoo supply side economics that started under GW Bush. |
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#13
08-21-2011, 10:15 PM
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#14
08-23-2011, 05:14 PM
You don't throw fiscal stimulus out the window during a recession/recovery centered around demand ... that's how That being said, it's not a good time to invest in gold because its pushing new highs every day...just hope for a temporary pullback Last edited by CheapinNY; 08-23-2011 at 05:16 PM.. |
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#15
08-23-2011, 06:25 PM
Anyone seen my 787 Billion Dollars? It was around here a minute ago.... Oh, there it is, in the federal debt total. I almost missed it all mixed together with the other 14 Trillion Dollars there. That still doesn't really answer my question, though. How does not spending money you don't have lead to bankruptcy? When I rack up my credit cards, apparently I'm supposed to spend more to not go bankrupt.  Kind of reminds me of a martingale casino betting strategy.
Studies by the World Health Organization show that Ron Paul is the leading cause of freedom among men. While not a proctologist, Ron Paul will save this country's ass. Ron Paul can believe its not butter. Ron Paul doesn't go the gym. He stays fit by exercising his civil rights. |
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