Will the US go bankrupt?

PlasticPoleThreads: 10 Posts: 5,433 Joined: May 28, 09 ♀	Jul 15, 11, 19:16 #31
I say forget about China and bring our industry back!

ShawnHThreads: 9 Posts: 3,056 Joined: Jul 2, 09 ♂	Jul 15, 11, 19:18 #32
PlasticPole: I say forget about China and bring our industry back! I whole heartedly agree. Be prepared, though, for higher prices.

JonnyMThreads: 16 Posts: 4,487 Joined: Mar 9, 11 ♂	Jul 15, 11, 19:20 #33
PolskiMoc: Rome had massive war & socialist budgets & had barbarian immigrants flood rome & they fell. That's certainly, well, 'interesting'.

PlasticPoleThreads: 10 Posts: 5,433 Joined: May 28, 09 ♀	Edited by: PlasticPole Jul 15, 11, 19:24 #34
Prices are going to go up anyway even without manufaturing in US. It is a false dichotomy. Prices are bound to go up no matter who is making what so let's put Americans to work and keep the money circulating here instead of elsewhere. People do not understand, in economics, prices go up. That's part of a healthy economy and an edit of consumerism. Do not fear it!

Des EssientesThreads: 11 Posts: 2,318 Joined: Feb 6, 10 ♂ [Suspended]	Jul 15, 11, 19:33 #35
PolskiMoc: Mycenean Greek Aristotle Mycenean is a term for a period of Greek civilization that ended around 1100 BC several centuries before Aristotle was born, and the Chalcidice penninsula in which Stagira, Aristotle's hometown is located, was never a part of it either.

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Jul 15, 11, 19:38 #36

Wroclaw Boy:

what resources are you referring too.

Natural resources: coal, copper, lead, molybdenum, phosphates, uranium, bauxite, gold, iron, mercury, nickel, potash, silver, tungsten, zinc, petroleum, natural gas, timber

Wroclaw Boy:

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

So negative tut tut...

Wroclaw Boy:

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?

His credit cards are stopped and his house is taken along with other assets - who is going to take the US? Not a brilliant analogy you can not compare the actions of one person to a huge economy!

The whole world is (more or less) in financial crisis, it will sort itself out and there will be those who will do well throughout and there will be those who will fall by the wayside.

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Edited by: PlasticPole Jul 15, 11, 19:44 #37

Wroclaw Boy:

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?

The difference is, that guy is one man and the US is a country full of many men and industries. It's not the same thing at all. Self fulfilling prophecy is what it boils down to. If you believe you will fail, you will. Our country will not fail.

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Edited by: Wroclaw Boy Jul 15, 11, 20:04 #38

Amathyst:

The whole world is (more or less) in financial crisis,

Exactly, but how is that even possible? How can something that we invented (the monetary system) be in short supply?

Amathyst:

it will sort itself out and there will be those who will do well throughout and there will be those who will fall by the wayside.

Well in the real world companies, individuals etc go insolvent and/or bankrupt. The US could take more loans or tax the people, failing than an extend middle finger to the rest of the world. I favour the latter as long as the corrupt monetary system exists.

PlasticPole:

Our country will not fail.

best get ready for massive tax payments to the state then.

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Edited by: PlasticPole Jul 15, 11, 20:06 #39

Wroclaw Boy:

Exactly, but how is that even possible? How can something that we invented (the monetary system) be in short supply?

It's not a real crisis. It's artificial, manufactured by the world's most affluent people. Money can't be in short supply unless humans make it so. We are in charge of our own destiny, our own fate and only have ourselves to blame when humans do stupid acts. If people program the collective conscious to succeed, we will all be prosperous but you see, WB, there are people out there who do not want everyone else to succeed and be prosperous. They are cliquey types who only want an elite few to be successful and everyone else to be poor, struggling and miserable. This is what diminishes success.

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Edited by: Wroclaw Boy Jul 15, 11, 20:09 #40

PlasticPole:

It's not a real crisis. It's artificial, manufactured by the world's most affluent people.

feels real enough to me and millions of others. Has the property market not fallen off a cliff over there too? sub prime mortgages and all that, come on, thats real.

PlasticPole:

They are cliquey types who only want an elite few to be successful and everyone else to be poor, struggling and miserable. This is what diminishes success.

That'll be part of the 2% that own 40% of the worlds wealth then. Ohh yeah im well aware of those buggers.

PlasticPoleThreads: 10 Posts: 5,433 Joined: May 28, 09 ♀	Jul 15, 11, 20:10 #41
Wroclaw Boy: feels real enough to me and millions of others. Has the property market not fallen off a cliff over there too? sub prime mortgages and all that, come on, thats real. It's real for them but it could easily be remedied if the will were there. You have to get some philanthropy going first or it will never work and people are more misanthropic than ever. Look what it gets you.

Wroclaw BoyThreads: 57 Posts: 5,478 Joined: Jul 3, 09 MEMBER ♂	Jul 15, 11, 20:12 #42
PlasticPole: It's real for them but it could easily be remedied if the will were there. actually it could be cured if the money was there to keep fueling the market.

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Jul 15, 11, 20:13 #43

Amathyst:

The whole world is (more or less) in financial crisis, it will sort itself out and there will be those who will do well throughout and there will be those who will fall by the wayside.

.. pretty much sums it up. Best read up on your Darwin. If you can't adapt you're in for a lot of problems.

Wroclaw Boy:

The US could take more loans or tax the people, failing than an extend middle finger to the rest of the world.

It will be the former not the latter. Still tough times coming, no doubt. It was due.. we (US) had it easy for too long. It was an accident, a wrinkle in time.

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Jul 15, 11, 20:26 #44

Pinching Pete:

It will be the former not the latter. Still tough times coming, no doubt. It was due.. we (US) had it easy for too long. It was an accident, a wrinkle in time.

Everything will be fine once we get our manufacturing base back and we start buying our own products made in our own country. That way the money will keep circulating in our own country instead of so much of it going overseas.

MEMBER ♂

Jul 15, 11, 20:38 #45

PlasticPole:

Everything will be fine once we get our manufacturing base back and we start buying our own products made in our own country. That way the money will keep circulating in our own country instead of so much of it going overseas.

You do realize that those fundamentals contradict the very meaning of profit. No business man is that patriotic. if the government stepped in and made some laws perhaps it would help, but oops that's government control anything socialist and the yanks will start shooting each other.

That said i think they may just be able to swing it in the name of saving the US economy, at the end of the day if News Corp are on side youre home free.