Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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The Tea Party wants to stop spending money the country doesn't have. How does not spending money you don't have lead to bankruptcy?
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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43 Replies
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Welcome to 2007.
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...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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Dude, are you going to keep SPAMMING your poll link in every posting? That's now the 16th time to now, in about 2 hours time! The ONLY vote in your open poll, is YOURSELF!
Posting it once, in it's...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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Since the value of the U.S dollar keeps decreasing every month its a good time to start investing into gold and silver. The countrys currency will be worthless if the government keeps printing out...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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Chuck Norris's roundhouse is tax deferred until it lands. Then he taxes the IRS every time they try to get up.
The US could save billions if they didn't print Trillions. :nod:
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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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...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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Is that what Madoff called it? "Lending?"
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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If they're a "reserve" they they have to have something of value otherwise why call it that? They're keeping the economy afloat during these rough times, only seems logical they'd have a very strong...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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Invest in Asia. Interest rates are around 9-10% via fixed deposit for a minimum of 1 year CD and max 5-10 years.
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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Bad sense of direction? :lol:
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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The markets always go up and down. Gold and silver are highly manipulated so the spot price that you see is the paper price on the stock market but you never see people selling their physical when...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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Gold price on the day of the original post: $1824
Gold price today: $1561
Cash in a mattress was a comparatively wise investment for this time period.
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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One day the US govt will say we don't owe any debts to anyone were debt free sorry china! what are u gonna do about it?! And then mass chaos will happen.
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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why does it matter if American goes bankrupt? you can go bankrupt and not much happens, you just live more humbly.
I'll start worrying about America when there's another country as good as this...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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Its now on the table more than it ever was before.
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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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 ;)
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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When Chuck Norris sends in his taxes, he sends blank forms and includes only a picture of himself, crouched and ready to attack.
The United States could save billions in defense funding if they...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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Just like Chuck Norris will never die. :lmao:
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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Why not throw fiscal stimulus out the window? Because it's worked so well so far?
Anyone seen my 787 Billion Dollars? It was around here a minute ago....
Oh, there it is, in the federal...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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I wish I could lend to the government, I could make a killing off of the interest (even at < .1%).
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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Brilliant. Siged it.
Not even going to try to top it, so please continue.
Think I'll go buy an ounce or two of gold from the Fed.....being it's Federal and a Reserve and all. I mean, they have...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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You can lend to the government. It's called Treasury Bills, Bonds and Notes.
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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So do you constantly go to your boss, and demand wage decreases in an effort to pay off your debt, so that the stockholders can get richer? Because that is basically what the tea party is asking when...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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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...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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Is your argument to stay "safe" in cash during times of deflation or high volatility? Not sure where you're going with this.
You're not equating the market price of the USD index as the value of...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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They won't need to cause the market will figure that out in advance. Mass chaos occurs the day we try to sell another pile of debt and no one shows up to buy it. What most people don't realize is...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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Next thing I know, I was in this months old thread, making posts...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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That's a good start, but that will only scratch the surface.
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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Well? How did I get here?
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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Wild swings and manipulation sound like the argument you were making against the dollar.
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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At the end of the day though id rather have $30,000+ in physical precious metals then in paper money though. At least with the precious metals if shtf in one country and the currency becomes...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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Answer: It's okay. Since our currency is backed by nothing but the "full faith and credit of the US govt.", everyone just needs to have faith that our government will continue working, and we'll just...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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You'd have a point if the currency wasn't US dollars.
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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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...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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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...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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You do know RMB is a closed monetary system right? How are they going to separate themselves?
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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I don't see how....with the FRB giving out loans (w/ interest) to banks to give out further loans (w/ higher interest) to consumers and businesses with expectation that they return to them the money...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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It's kind of hard to go bankrupt when you can print up as much money as you want. Of course that will result in high, or even hyperinflation. But then you can just conveniently change the way you...
Is America going to go bankrupt?
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Thread created 08-18-2011 by Rei
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That was supposed to be sarcastic. ;)
The "Federal Reserve" is neither federal or a reserve. They're about as public as the Catholic Church. Sure, they have 010101's on "reserve" for the banking...
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