The coming 'tsunami of debt' and financial crisis in America

[Armistead]

Get ready.

http://www.theguardian.com/money/2014/jun/15/us-economy-bubble-debt-financial-crisis-corporations

Opinions welcome, debating elsewhere.

[Dread Knot]

My opinion is to invest in one of those overseas factories that crank out the Guy Fawkes masks.

http://www.ethanzuckerman.com/blog/wp-content/2013/07/fawkes1.jpghttp://www.barnorama.com/wp-content/images/2012/03/iconic_guy_fawkes/05-iconic_guy_fawkes.jpg

[Oberon]

:haha:

Opinion on

Personally I think that the tsunami will just keep getting pushed back, and the wave will keep getting higher. Perhaps eventually there will be a great crash and half of the world will be wrecked and the other half badly damaged. Or perhaps there will be found a way to dodge the bullet through clever manoeuvring and legal wrangling. Maybe America will sell Alaska back to Russia? Then Sarah Palin can finally meet Putin. :hmmm:
Still, this is the price for 'winning' the Cold War, the Soviet Union ran out of money first, but America will pay the price of hegemony later. All great nations rise and fall, Western Europe lost its dominance in two World Wars, the Middle East in several crusades and internal infighting, Rome through a century of crisis.
America will survive, but there will be a lot of changes, and there are large groups of people in America who are not very good with change, and they are not going to like this one bit. C'est la vie.

Opinion off

[Armistead]

Well, obviously that's what we do in America, sustain ourselves with more debt and spending. If not for debt and spending our economy would splat fast. I would say the majority of friends and people I know look like they're doing OK, but mass amounts of debt, simply.....no savings, living week to week the upper middle class life.

As the article explains, with inflation and income inequality, the bubble is going to burst. We keep adding trillions to debt, no way the rich can pay it back.

We need a major correction, simply a bust, instead of creating a higher wave with spending.

[Oberon]

The snag is the correction would surely involve a massive change in the American way of life, and that's not something that's going to come easily in a nation that's as politically and socially divided as America. :hmmm:

[Jimbuna]

Who cares? What difference can the voter make?

Just keep printing the money notes and pray the bubble bursts long after you vacate the earth.

[Armistead]

Who cares? What difference can the voter make?

Just keep printing the money notes and pray the bubble bursts long after you vacate the earth.

but, what about the children...:haha:

[Jimbuna]

but, what about the children...:haha:

They'll have to get by like I did when my parents passed away (well my father anyways) :)

[Dread Knot]

Who cares? What difference can the voter make?

Just keep printing the money notes and pray the bubble bursts long after you vacate the earth.

I've heard this refrain among a lot of aging, childless Baby Boomers here in the States. They lament getting old, but seem to savor the fact that they might not be around for the coming Fall of Rome Part Deux. I'm sure the kids today don't appreciate the enjoy-the-dystopia we'll be leaving you attitude.

Hope none of these Boomers are planning on a proper grave with a headstone. Might end being used fondly for target practice.

[Armistead]

http://rt.com/usa/166352-us-total-debt-sixty-trillion/

I'm not so sure SS and Medicare is included in this debt as far as unfunded debt, which amounts to 48-222 trillion depending on which numbers you choose..

[Skybird]

Paper money is the same trick that before was used by governments and kings when they secretly reduced the content of silver in coins to mint more coins. Sometimes the real amount of silver in silver coio9ns was pushed below 10%.

Such systems want to spend more than they can afford.

The events will go the unavoidable way. The people will suffer what they must, well-deserved - they allowed their masters to run this crime. Everybody is a complice in this crime, everybody wants to live with his hands in other people's pockets.

No pity from me. It's Karma - the inescapable link between cause and effect. It's not about pity, it's about justice.

[STEED]

Just keep printing the money notes

Jim your killing me...:har: :har: :har: :har: :har:

That's not money that's I.O.U bull dung sold to the masses and 99% bought it.

I'm the 1% and see it for what it is, worthless. :03:

[Oberon]

Jim your killing me...:har: :har: :har: :har: :har:

That's not money that's I.O.U bull dung sold to the masses and 99% bought it.

I'm the 1% and see it for what it is, worthless. :03:

Feel free to pass all of your worthless notes to me then if you don't want them. :03: I'll find a good home for them. :yep:

[STEED]

Feel free to pass all of your worthless notes to me then if you don't want them. :03: I'll find a good home for them. :yep:

Sure, running out of toilet paper. :hmmm:

[TarJak]

Just give up on democratic government and corporatise the lot.:O:

[Skybird]

Problem is that corporate culture today is as corrupted and rotten as political and social culture. It already starts with that there shouldn't be companies so huge that you need to call them "corporations". Monopoly always is a mess, and the bigger the monopolist, the worse. Biggest monopolist is the state today - and he provides services that are worse than that of private contractors, and demands more money than any private contractor.

You pay the biggest buck for the smallest Bang. Or should i say Pling.

The problem is linked to the monumental size of administrative unities today, community sizes. They are far too big, big beyond all hope.

I suggest some studying on the Greek ideas of the "Deme" and the "Polis".

[TarJak]

In before Tribesman. Didn't these smaller city state have exactly the same problem? Oh that's right. This has been pointed out before.:03:

[Oberon]

OP did ask for opinion, not debate, so let's not go down the same old tired, rutted, dirt track that we usually go down? :03:

[Armistead]

OP did ask for opinion, not debate, so let's not go down the same old tired, rutted, dirt track that we usually go down? :03:

Feel free to debate it as well!

Signed,
The OP

[Onkel Neal]

Lol, as soon as the meltdown begins, I'll be on my father's small ranch/farm, manning the trenches. Hungry city-dwellers, beware!

[Oberon]

Feel free to debate it as well!

Signed,
The OP

Is the anti-flash gear provided or do we have to bring our own?

[Alex]

The coming 'tsunami of debt' and financial crisis in America

Get ready.

Opinions welcome.
And that brings us to the Ukrainian problem... :hmm2:

What the hell happened with Ukraine recently, damn, it's been a poor land the West didn't care about so far, and suddenly it gets to be the focus of everyone worldwide. Why ? :hmm2:

Select american subtitles (http://youtu.be/kLph8dKQBdY).

[Tribesman]

In before Tribesman. Didn't these smaller city state have exactly the same problem? Oh that's right. This has been pointed out before.:03:
That's the thing with ideologists, you can point out their flaws in logic again and again, they can even kindly provide you all the evidence themselves showing that their ideology really is crap, yet they still cling to the ideology.

[Oberon]

Select american subtitles (http://youtu.be/kLph8dKQBdY).

http://1.bp.blogspot.com/-hTth3ddh3ow/Tqh7ltFI5EI/AAAAAAAAABs/K4yAS2c22Os/s1600/Pravda_Gazeta.png