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

Oberon · 07-25-14, 09:26 AM

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.

Jimbuna · 07-25-14, 09:37 AM

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 · 07-25-14, 10:02 AM

Quote:

Originally Posted by 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.

but, what about the children...

Jimbuna · 07-25-14, 10:13 AM

Quote:

Originally Posted by Armistead

but, what about the children...

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

Dread Knot · 07-25-14, 10:19 AM

Quote:

Originally Posted by 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.

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 · 07-25-14, 11:01 AM

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 · 07-25-14, 11:15 AM

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 · 07-25-14, 12:25 PM

Quote:

Originally Posted by Jimbuna

Just keep printing the money notes

Jim your killing me...

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.

Oberon · 07-25-14, 12:30 PM

Quote:

Originally Posted by STEED

Jim your killing me...

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.

Feel free to pass all of your worthless notes to me then if you don't want them.

I'll find a good home for them.

STEED · 07-25-14, 12:35 PM

Quote:

Originally Posted by Oberon

Feel free to pass all of your worthless notes to me then if you don't want them.

I'll find a good home for them.

Sure, running out of toilet paper.

TarJak · 07-25-14, 01:27 PM

Just give up on democratic government and corporatise the lot.

Skybird · 07-25-14, 01:56 PM

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".

07-25-14, 09:37 AM	#2
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 190,539 Downloads: 63 Uploads: 13	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. __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!

07-25-14, 11:01 AM	#6
Armistead Rear Admiral Join Date: Dec 2008 Location: on the Dan Posts: 10,880 Downloads: 364 Uploads: 0	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.. __________________ You see my dog don't like people laughing. He gets the crazy idea you're laughing at him. Now if you apologize like I know you're going to, I might convince him that you really didn't mean it.

07-25-14, 11:15 AM	#7
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,630 Downloads: 10 Uploads: 0	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. __________________ If you feel nuts, consult an expert.

07-25-14, 01:56 PM	#12
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,630 Downloads: 10 Uploads: 0	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". __________________ If you feel nuts, consult an expert.

07-25-14, 09:26 AM	#1
Oberon Lucky Jack Join Date: Jul 2002 Posts: 25,976 Downloads: 61 Uploads: 20	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.

07-25-14, 01:27 PM	#11
TarJak Fleet Admiral Join Date: Jul 2006 Location: Sydney, Australia Posts: 17,052 Downloads: 150 Uploads: 8	Just give up on democratic government and corporatise the lot.