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Will the US go bankrupt?


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southernThreads: 116
Posts: 10,959
Joined: May 17, 07 ♂ 		 Jul 13, 11, 18:34    #1
The epidemy expands.
CrowThreads: 367
Posts: 7,316
Joined: Feb 14, 07  Pictures: 1 ♂ [Suspended] 		 Jul 13, 11, 22:32    #2
Will the US go bankrupt?

as an economist, i must conform.
BBmanThreads: -
Posts: 459
Joined: Jan 4, 11 ♂ 		 Jul 14, 11, 01:34    #3
Nope.
Marek11111Threads: 49
Posts: 1,955
Joined: Aug 6, 09  Pictures: 1 ♂ 		 Jul 14, 11, 01:50    #4
the U.S is bankrupt now, will they extend the dead ceiling? yes, will the federal reserve print more money yes.
you know you are bankrupt when no one is willing to buy your bonds just federal reserve the last resort, housing is worse then the depression, unemployment is worse then their calculation gimmicks, no jobs no recovery and now we have currencies wars and trade wars next is ww3 so the scums democraps and republicons can get reelected and we fight against each other.
PlasticPoleThreads: 10
Posts: 5,433
Joined: May 28, 09 ♀ 		 Jul 14, 11, 02:34    #5
Everything will be alright. Power of positive thinking.
Gary GrzelakThreads: 1
Posts: 23
Joined: Jul 13, 11 ♂ 		 Jul 14, 11, 02:39    #6
The states will get out of it somehow, they'll rob another country or somthing. Lol jk's
beckskiThreads: 19
Posts: 2,148
Joined: May 15, 07  Pictures: 3  Gold Member MEMBER ♀ 		 Jul 14, 11, 04:15    #7
PlasticPole:
Everything will be alright

I think so too. Many of us tend to be survivors.

A sincere thanks PF, for putting up with me FIVE terrific years, muah!
PlasticPoleThreads: 10
Posts: 5,433
Joined: May 28, 09 ♀ 		 Jul 14, 11, 04:29    #8
The media wants everyone to be worried and in a constant fear of uncertainty. There's no point in letting them rattle you since this culture of fear is created to acquire attention.
gumishuThreads: 17
Posts: 3,943
Joined: Apr 6, 09  Pictures: 1 ♂ 		Edited by: gumishu  Jul 14, 11, 08:38    #9
America will go bankrupt and rightly so - this is the only way for people to wake up and take responsibility for their government - instead of watching TV - btw by maintaining the dollar as a reserve currency of the world and devaluing it over decades past the US robbed nations around the world of their currency reserves over time
legendThreads: 9
Posts: 819
Joined: Apr 23, 11 ♂ 		 Jul 14, 11, 09:17    #10
Well there is a formula which states debt=money.

The national debt of the United States is $14.5 trillion dollar (keep in mind its the American trillion).
Their GDP is 14.5 trillion dollars as well.
Their money isnt real. And thats exactly why the Fed Reserve Bank can just keep on printing more (because its worthless).

Here are nasze żydowskie kolegi that control the government of America:

1) Ben Shalom Bernanke: Chairman of the Board of Governors of Federal Reserve. Term ends 2020.
2) Donald L. Kohn: Vice Chairman of the Board of Governors of Federal Reserve. Term ends 2016.
3) Randall S. Kroszner: Member of Board of Governors of Federal Reserve.
4) Frederic S. Mishkin: Member of Board of Governors of Federal Reserve. Term ends 2014.
5) Alan Greenspan: Advisor to Board of Governors of Federal Reserve. Recent Chairman.

The Fed consists of several banks (look at the names and tell me what the majority of those names have in common):

$1. Rothschild Banks of London and Berlin.
$2. Lazard Brothers Banks of Paris.
$3. Israel Moses Seif Banks of Italy.
$4. Warburg Bank of Hamburg and Amsterdam.
$5. Lehman Brothers of NY.
$6. Kuhn, Loeb Bank of NY (Now Shearson American Express).
$7. Goldman, Sachs of NY.
$8. National Bank of Commerce NY/Morgan Guaranty Trust (J. P. Morgan Bank - Equitable Life - Levi P. Morton are principal shareholders).
$9. Hanover Trust of NY (William and David Rockefeller & Chase National Bank NY are principal shareholders).




http://www.healthfreedom.info/Federal_Reserve_Fraud.htm

http://land.netonecom.net/tlp/ref/federal_reserve.shtml
PlasticPoleThreads: 10
Posts: 5,433
Joined: May 28, 09 ♀ 		 Jul 14, 11, 10:24    #11
Isn't all money worthless? The secret to succees is work hard, make stuff and print lots and lots of money?
legendThreads: 9
Posts: 819
Joined: Apr 23, 11 ♂ 		 Jul 14, 11, 22:07    #12
PlasticPole:
Isn't all money worthless? The secret to succees is work hard, make stuff and print lots and lots of money?


If you go into detail the US dollar was once backed by the gold.
Today it is not backed by anything. Its just paper that people put 'value' on.
beckskiThreads: 19
Posts: 2,148
Joined: May 15, 07  Pictures: 3  Gold Member MEMBER ♀ 		 Jul 14, 11, 22:11    #13
PlasticPole:
Isn't all money worthless?

That's the reason I also invest in other things, such as antiques & collectibles (including some art glass) ;)

A sincere thanks PF, for putting up with me FIVE terrific years, muah!
guesswhoThreads: 23
Posts: 3,326
Joined: Mar 17, 10 ♀ 		 Jul 14, 11, 22:17    #14
beckski:
That's the reason I also invest in other things, such as antiques & collectibles


my dad does too, antiques and coins.
legendThreads: 9
Posts: 819
Joined: Apr 23, 11 ♂ 		 Jul 14, 11, 22:21    #15
guesswho:
my dad does too, antiques and coins.


I keep telling my parents to invest in something especially gold and silver (both have extremely high values).
But at this point they are too old :|

Heres a tip btw: Here we get a lot of commercials about people who want your jewelry and they give you cash. Dont do it. As the economy becomes more bad in the US and elsewhere your valuables will be worth even more.
modafinilThreads: -
Posts: 831
Joined: Jun 28, 11  Pictures: 2 ♂ 		 Jul 14, 11, 22:36    #16
PlasticPole:
Isn't all money worthless?

legend:
If you go into detail the US dollar was once backed by the gold.


And that's why gold is so expensive now, people are turning their cash into gold. It reached another all time high today( 9 days in a row) nearing $1600/oz. People are losing faith in cash money.
PlasticPoleThreads: 10
Posts: 5,433
Joined: May 28, 09 ♀ 		 Jul 14, 11, 23:59    #17
ThisCasey Anthony nonsense is diverting attention fromimportant issues like the US credit rating. Someone told me the World Bank downgraded the US credit rating. But there was so much Casey Anthony I missed it. Anyone know if thi is true? If it is, what are the details?
guesswhoThreads: 23
Posts: 3,326
Joined: Mar 17, 10 ♀ 		 Jul 15, 11, 00:11    #18
PlasticPole:
This Casey Anthony nonsense


it's sad you see it that way PP. The only nonsense about it is that her murdering "mother" didn't get punished for what she did.
modafinilThreads: -
Posts: 831
Joined: Jun 28, 11  Pictures: 2 ♂ 		 Jul 15, 11, 00:19    #19
PlasticPole:
ThisCasey Anthony nonsense is diverting attention fromimportant issues like the US credit rating. Someone told me the World Bank downgraded the US credit rating. But there was so much Casey Anthony I missed it. Anyone know if thi is true? If it is, what are the details?

S&P and Moodys have both been talking about a downgrade of government (2 of the big 3 ratings companies). The S&P500 and Dow Jones have been rising quite steadily for the last year, though.
PennBoyThreads: 157
Posts: 3,443
Joined: Dec 7, 08  Pictures: 2 ♂ 		 Jul 15, 11, 00:27    #20
Crow:
as an economist, i must conform.

I'd like to see your credentials ;)
southern:
Will the US go bankrupt?

A broke third world country borrowing can go bankrupt. Not a nation which enormous revenues from natural resources, industry, services. America has the capability to slowly but surely get out of debt.
PlasticPoleThreads: 10
Posts: 5,433
Joined: May 28, 09 ♀ 		 Jul 15, 11, 00:28    #21
So it hasn't happened yet. That's good news.

GW I totally agree with you but you have to admit this trial and Casey Anthony have both gotten way too much publicity. Casey Anthony doesn't deserve this much. It's not like she has done anything great with her life and and I get the feeling the trial and verdict coverage are being used as a distraction.
legendThreads: 9
Posts: 819
Joined: Apr 23, 11 ♂ 		 Jul 15, 11, 00:29    #22
PlasticPole:
ThisCasey Anthony nonsense is diverting attention fromimportant issues like the US credit rating. Someone told me the World Bank downgraded the US credit rating. But there was so much Casey Anthony I missed it. Anyone know if thi is true? If it is, what are the details?


In former Soviet Union they would never even take this for the media to waste time on this. And thats one thing they were better in.
No one would hear of it. And she would probably be jailed/imprisoned unless she was part of NKVD/KGB.

The American media is sensationalist. Thats why there is garbage like Fox news or any other main news channel. The fact is people die everyday and 99.9 percent of it doesnt get news. The media wanted something to get Americans ZONED IN.
The USA has millions homeless and I dont see the media showing that. Many more millions dont have food to feed family instead they talk about Rupert ******* Murdoch. UGHHHH.
guesswhoThreads: 23
Posts: 3,326
Joined: Mar 17, 10 ♀ 		 Jul 15, 11, 00:30    #23
PennBoy:
I'd like to see your credentials ;)


yeah, you'd say an economist should be able to make sense at least sometimes
Chicago PollockThreads: 10
Posts: 638
Joined: Apr 10, 10 ♂ 		 Jul 15, 11, 06:35    #24
legend:

If you go into detail the US dollar was once backed by the gold.
Today it is not backed by anything. Its just paper that people put 'value' on.


The value of gold is set by man. It's just as artificial as paper.

guesswho:

it's sad you see it that way PP. The only nonsense about it is that her murdering "mother" didn't get punished for what she did.


There wasn't any evidence about anyone murdering anyone. This ain't the Middle Ages where we dunk people in a pool of water and if they float they're innocent and if they drown they're guilty.
guesswhoThreads: 23
Posts: 3,326
Joined: Mar 17, 10 ♀ 		 Jul 15, 11, 07:09    #25
PlasticPole:
Casey Anthony doesn't deserve this much.


she deserves way more in my eyes, at least a long term imprisonment.

Chicago Pollock:
There wasn't any evidence about anyone murdering anyone.


circumstantial evidence based on common sense.
Tell me CP, why would anyone place duct tape on Caylee's face after her death? or if you prefer, why would anyone place duct tape on her face at all if not to kill her or at least to keep her quiet and as a result of this action, the little Caylee died. Next question, who else had a reason to do it? Whose life became "Bella Vita"?
Either way, it's a 1st degree murder.
There's more to read about it in my thread if you're interested.
southernThreads: 116
Posts: 10,959
Joined: May 17, 07 ♂ 		 Jul 15, 11, 09:29    #26
American value at this time is based on force.Force to exchange dollars with oil,force to get loans from China.What if this force eclipses or gets exposed as such?I mean why not a euro oil or chinese capital supporting EU.
urszulaThreads: 2
Posts: 362
Joined: Aug 31, 07 ♀ 		Edited by: urszula  Jul 15, 11, 10:59    #27
legend:
The media wanted something to get Americans ZONED IN.
The USA has millions homeless and I dont see the media showing that. Many more millions dont have food to feed family instead they talk about Rupert ******* Murdoch. UGHHHH.

It all depends what channels you are watching, reading and listening to. Just change the channel. They talk about everything. Nobody is forcing you to watch only one program. It's all about what YOU want to know. Don't blame the media because the front page is talking about something else, rather then what you think is more important. There is diversity.
AmathystThreads: 30
Posts: 3,968
Joined: Nov 10, 06  Pictures: 2 ♀ 		 Jul 15, 11, 13:01    #28
I think some would like to see America go bust just out of sheer jealousy, but I reckon they'll be just fine, its a vast country with natrual resources and a nation of inovative people
Wroclaw BoyThreads: 57
Posts: 5,478
Joined: Jul 3, 09  Pictures: 2  Gold Member MEMBER ♂ 		 Jul 15, 11, 18:31    #29
Amathyst:
its a vast country with natrual resources and a nation of inovative people

what shale gas? thats a crock of shite anyway, they aint got no oil, what resources are you referring too.

Innovative people my ass, even if that were true how are they supposed to conjure up all that money?

legend:
The national debt of the United States is $14.5 trillion dollar (keep in mind its the American trillion).
Their GDP is 14.5 trillion dollars as well.
Their money isnt real. And thats exactly why the Fed Reserve Bank can just keep on printing more (because its worthless).

Its 53 trillion in total, America has real problems and they have to sort this one out big time. There is no viable alternative other than taxing the people, and the people are not gonna like that one iota. If they get a bit more socialized and look to the private sector to chip in, im talking successful US companies with world shares within profitable markets - that would help. Whats Apple or Microsoft's annual turn over for example.

The US's financial crisis is the by product of the leading capitalist country. In the old days we just used to go to war, problem is we have nukes now so cant really pull that one anymore.

Imagine a guy that has loads of money and a really good job, hes out living the high life doing what he does, then all of a sudden he loses his job and his income, but he keeps spending and living the high life oblivious. Hes gonna end up in debt. Whats the difference between that guy and the US?
PolskiMocThreads: 7
Posts: 488
Joined: Mar 15, 10 ♂ [Suspended] 		Edited by: PolskiMoc  Jul 15, 11, 19:13    #30
Of course these idiots have been exporting our industry to China in massive amounts.
Then this idiots go to Zionist wars in the Middle East & have China buy up the debt. While they spend more on stimilus packages while having illegal immigrants flood the U.S

It is out of control.

These greedy scumbags have no respect. They are so focused on greed that they are willing to destroy our nation by sending jobs overseas for cheap labor
Willing to flood the U.S with illegal immigrants for cheap labor.
So greedy on making profits on war that directly indebts the U.S to failure.

The Romans were the same way too. Rome had massive war & socialist budgets & had barbarian immigrants flood rome & they fell.

I think Western Europeans just don't get it.

Mycenanean Greeks were mostly Slavic by genes & Mycenean Greek Aristotle thousands of years ago said that Tolerence & Apathy are the last virtue of a dying society. '


Romans didn't follow it & fell & Now Westerners don't follow it & are falling.

Western Europeans just don't get it. They are so focused on greed, power & conformity that they literally can't think with logic for the most part.

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