When Will USA Fall?
- Thread starter rampagen08
- Start date
I agree...we need to transition to a cyclically balanced budget rather than fiscally balanced. During booms when tax revenue is up, put money away rather than spend it. And when we encounter a recession such as the one we are in now, we have extra money to pump into the economy to boost liquidity. Its simple economics the difficulties lie in implementation.
And as far as US debt goes, yes we can to tighten the belt for sure but our percentage of gross debt to GDP is still average with most european countries and less than canada. Do not forget, the economy of the US is the LARGEST IN THE WORLD.
Its easy to sit back and point out problems and bitch about how bad everything is. Its a lot more difficult to provide solutions.
Peace.
And as far as US debt goes, yes we can to tighten the belt for sure but our percentage of gross debt to GDP is still average with most european countries and less than canada. Do not forget, the economy of the US is the LARGEST IN THE WORLD.
Its easy to sit back and point out problems and bitch about how bad everything is. Its a lot more difficult to provide solutions.
Peace.
I agree...we need to transition to a cyclically balanced budget rather than fiscally balanced. During booms when tax revenue is up, put money away rather than spend it. And when we encounter a recession such as the one we are in now, we have extra money to pump into the economy to boost liquidity. Its simple economics the difficulties lie in implementation.
And as far as US debt goes, yes we can to tighten the belt for sure but our percentage of gross debt to GDP is still average with most european countries and less than canada. Do not forget, the economy of the US is the LARGEST IN THE WORLD.
Its easy to sit back and point out problems and bitch about how bad everything is. Its a lot more difficult to provide solutions.
Peace.
And as far as US debt goes, yes we can to tighten the belt for sure but our percentage of gross debt to GDP is still average with most european countries and less than canada. Do not forget, the economy of the US is the LARGEST IN THE WORLD.
Its easy to sit back and point out problems and bitch about how bad everything is. Its a lot more difficult to provide solutions.
Peace.
rampagen08
Active Member
hahahaha basically dude
well, coming from someone who can't even spell "fuckin" right which they used in every other sentence, i don't see how you could ever call anyone else stupid. EVER.
i agree, the world will fail i should have put that instead of USA thanks
if the IMF downgrade the USA no one will loan us money anymore [no one comes to us for loans anymore bro, we have no money left]
no one will accept the US dollar anymore
our troops will be stuck where ever we have them, our missionaries will be stuck where they are and our country will be defenseless without a national army which means there will be a draft and all national guard will be upgraded to national army instead of state militia
sorry i misread dude, it's for california only! sorry again!
yeah that's what i'm saying bro, we're fast approaching a pivotal point in human existence we have never come across before! this is the most EXCITING time to live!
well the biggest part of that was the disappearance of our goldstock in the federal reserve, have you seen the new commercials with "new government issued gold coins"
only metal monies will be used after the fall, meaning EVERYTHING LESS THEN A DOLLAR, or the gold coins which run at $125 a piece right now... i'd suggest EVERYONE BUY THEM! they're issuing them at cost because they know that's the only currency that will survive! dont you see! the end is coming and the rich will have the barter upper hand! they will have the gold!
i never bitched, i'm simply educating those who watch foxnews and cnn and all the other mass media that the USA isn't doing as well as they thought
we DO need to do that but put all the money saved into gold.
I think its unrealistic to think that all of the US's currency could be backed by actual gold. A country's currency is only as good as the country it belongs to, hence why the dollar has been strengthening as of late because of the even worse debt crisis in Europe. Don't forget, the US 10 year treasury note is the benchmark for interest rates because the US has never defaulted on its debt and enjoys the cheapest interest rates of any country.
rampagen08
Active Member
we are "ENJOYING?" a debt interest rate that will mask our GDP
DO YOU PEOPLE UNDERSTAND WHAT A GDP IS?
IF THIS HAPPENS SO WILL AUSTERITY
WE ARE LOOKING AT ENDTIMES PEOPLE
GREECE PRESIDENT ANNOUNCED AUSTERITY ON THE 7th
MEANING EVERYONE THERE IS GOING TO GET LESS MONEY AND MORE TAXES AND MORE GOVERNMENT POWER/LESS POWER TO THE PEOPLE!
IT IS THE FIRST OF IT'S KIND BUT I GUARANTEE IT WON'T BE THE LAST!
DO YOU PEOPLE UNDERSTAND WHAT A GDP IS?
IF THIS HAPPENS SO WILL AUSTERITY
WE ARE LOOKING AT ENDTIMES PEOPLE
GREECE PRESIDENT ANNOUNCED AUSTERITY ON THE 7th
MEANING EVERYONE THERE IS GOING TO GET LESS MONEY AND MORE TAXES AND MORE GOVERNMENT POWER/LESS POWER TO THE PEOPLE!
IT IS THE FIRST OF IT'S KIND BUT I GUARANTEE IT WON'T BE THE LAST!
GDP is the value of all goods and services produced within the borders of the united states. We have a larger economy than anywhere else in the world. The main reason we are adding to the deficit is because tax revenues are down because of the recession. Fed reserve of Philadelphia has shown positive growth rates for most of the 50 states. It may take some time but business will pick back up and with that tax revenues will be up. I guarantee we will not see the same types of problems that Greece has right now. Greece is not an integral member of the global economy. The US is. The US will not fall anytime soon.
rampagen08
Active Member
oh so the IMF is lying ?
thanks for clearing that up bro, i totally was worried it was the end times
as long as you say the federal reserve is doing good for us i believe you
because come on i'd rather believe you then the International Monetary Fund.
thanks for clearing that up bro, i totally was worried it was the end times
as long as you say the federal reserve is doing good for us i believe you
because come on i'd rather believe you then the International Monetary Fund.
BlackFinger
Member
Lol why call somthing worse than a depression a recession? When your market value is in the negatives as opposed to when the "Great Depression" hit and the market went to $0.00 how can you be so calm about it? Just shows the arrogance of humanity and how Americans feel they are indestructible. The ONLY reason the U.S is still afloat so to speak is because like mgw said the U.S has its hands everywhere where as greece does not, which in turn is why we are in the situation we are in demand is too high and credit just keeps racking up with a nice hefty interest rate tagged on. Americans live too easy about time shit hit the fan. Maybe most of them will finally pull their heads out of their ass holes. ( Not likely )
FYI The dollar stopped representing our reserve a long time ago now the paper in your pocket is representing the amount of debt we are in.
FYI The dollar stopped representing our reserve a long time ago now the paper in your pocket is representing the amount of debt we are in.
rampagen08
Active Member
you dont understand
when greece crashed the IMF took control of the country and TOLD the pres to authorize austerity measures.
the only reason why the country crashed is because the IMF downgraded it
they said they are thinking about downgrading the USA soon because of our fiscal instability as our debt is reaching GDP
we cannot continue to operate as we do, which means IMF will come in and tell the president to issue austerity as they told the greece president to
if this happens it wont matter at ALL that we have "the biggest army" or "so much importance in the world"
we will be a THIRD WORLD NATION in the eyes of the world
NO ONE WILL ACCEPT THE US DOLLAR
MEANING YOU WILL PROBABLY LOSE YOUR HOUSE IF ITS ON A MORTGAGE AND YOU'RE BARELY SCRAPING BY
YOU WILL BE PAYING 20.00 FOR A GALLON OF MILK OR 30.00 FOR A GALLON OF GAS, NO ONE WOULD BE ABLE TO GET TO WORK AS MOST OF AMERICA COMMUTES
THE ECONOMY WILL SLIP FURTHER AND FASTER
THIS IS NOT PART OF THE CYCLE WE'VE SEEN OVER THE LAST 100 YEARS, THIS IS THE END.
when greece crashed the IMF took control of the country and TOLD the pres to authorize austerity measures.
the only reason why the country crashed is because the IMF downgraded it
they said they are thinking about downgrading the USA soon because of our fiscal instability as our debt is reaching GDP
we cannot continue to operate as we do, which means IMF will come in and tell the president to issue austerity as they told the greece president to
if this happens it wont matter at ALL that we have "the biggest army" or "so much importance in the world"
we will be a THIRD WORLD NATION in the eyes of the world
NO ONE WILL ACCEPT THE US DOLLAR
MEANING YOU WILL PROBABLY LOSE YOUR HOUSE IF ITS ON A MORTGAGE AND YOU'RE BARELY SCRAPING BY
YOU WILL BE PAYING 20.00 FOR A GALLON OF MILK OR 30.00 FOR A GALLON OF GAS, NO ONE WOULD BE ABLE TO GET TO WORK AS MOST OF AMERICA COMMUTES
THE ECONOMY WILL SLIP FURTHER AND FASTER
THIS IS NOT PART OF THE CYCLE WE'VE SEEN OVER THE LAST 100 YEARS, THIS IS THE END.
Honestly your really starting to take the position of a conspiracy theorist. Your making it sound like the IMF can control whoever they feel like. Not just that, but to say the only reason that Greece failed is because the IMF downgraded their debt is simply false. People were shorting Greek debt months before all this just happened. The reason the IMF had any power over Greece was because they were requiring Greece to meet certain requirements before it would receive emergency financing.
To think that the US will become a 3rd world country while others survive is simply illogical. If the US economy fails, ALL OTHERS GO DOWN WITH IT. That is why it is called the global economy. The US exports high tech type goods to other countries while China has its primary market for cheaply made goods (us), its easy to see we are all tied together and for one of us to survive, the other key players have to survive as well. Greece is not one of those key players but is the largest country thus far to be teterring on the brink of bankruptcy.
To think that the US will become a 3rd world country while others survive is simply illogical. If the US economy fails, ALL OTHERS GO DOWN WITH IT. That is why it is called the global economy. The US exports high tech type goods to other countries while China has its primary market for cheaply made goods (us), its easy to see we are all tied together and for one of us to survive, the other key players have to survive as well. Greece is not one of those key players but is the largest country thus far to be teterring on the brink of bankruptcy.
Honestly your really starting to take the position of a conspiracy theorist. Your making it sound like the IMF can control whoever they feel like. Not just that, but to say the only reason that Greece failed is because the IMF downgraded their debt is simply false. People were shorting Greek debt months before all this just happened. The reason the IMF had any power over Greece was because they were requiring Greece to meet certain requirements before it would receive emergency financing.
To think that the US will become a 3rd world country while others survive is simply illogical. If the US economy fails, ALL OTHERS GO DOWN WITH IT. That is why it is called the global economy. The US exports high tech type goods to other countries while China has its primary market for cheaply made goods (us), its easy to see we are all tied together and for one of us to survive, the other key players have to survive as well. Greece is not one of those key players but is the largest country thus far to be teterring on the brink of bankruptcy.
To think that the US will become a 3rd world country while others survive is simply illogical. If the US economy fails, ALL OTHERS GO DOWN WITH IT. That is why it is called the global economy. The US exports high tech type goods to other countries while China has its primary market for cheaply made goods (us), its easy to see we are all tied together and for one of us to survive, the other key players have to survive as well. Greece is not one of those key players but is the largest country thus far to be teterring on the brink of bankruptcy.
rampagen08
Active Member
all others go down with it?
well
since european union is on the brink of collapse as it is... i dont see that too far from happening either
"
And so the European private banks win the overnight battle with the Central Banks again: after shorting the EURUSD all the way to almost 1.25, they have forced the European Central Banks to buy ever more of their worthless Government bond holdings.
Reuters reports that overnight CBs have been aggressive buyers of Greek, Portuguese and Irish Sovereign (if there is such a laughable concept as sovereign any more) bonds, which in turn has forced a quick short covering spree in the EURUSD and the EURJPY, which in turn has forced futures to go from 10 handles down to up 4.
In other words, Central Banks now are fighting tooth and nail to prevent the market from going down ever again. To all the shorts out there- you are no longer taking on merely the Fed, now you have every money printer against you as they scramble to load up with every worthless asset imaginable.
At this rate Dow, Dax and Dung Manure 36,000 is easily reachable. The only way to play this is through gold, which is now the only flight from Central Bank lunacy." -blacklistednews.com
"The derivatives market is now estimated at $700 trillion (notional, or face, value, not market value). The world's gross domestic product in 2009: $69.8 trillion; America's, $14.2 trillion. The total market cap of all major global stock markets? A mere $30 trillion. And the total amount of dollar bills in circulation, most of them abroad: $830 billion (not trillion)."
again man, STOP GETTING INFO FROM MASS MEDIA
you sound like a fox news person....
just because the usa falls and the rest of the world does too DOES NOT MEAN THAT IT WONT HAPPEN
it just means that people that dont see that it will happen are blinder then bats
*Kb*
Active Member
I find this shiz funny, the Demorats have controlled Washington DC for the majority of my 40+ years of life....lol
The USA makes up 20% of the IMF. IE if Greece gets a $1 trillion bail out, American tax payers are footing 200 billion of that. FWIW the IMF certainly does control countries, they do this by giving countries big loans and with that the stipulation that if the country cannot pay its debt back that countries infrastructures will be sold off to bidders. Essentially the IMF gives loans it knows cannot be repaid so that it may then end up owning the means of production and therefore the means of control to most poor countries.
If you want to know what is happening, just watch the price of gold, the higher it goes , the lower the value of fiat currencies ( ALL currencies). You might want to own some gold/silver just in case.
If you want to know what is happening, just watch the price of gold, the higher it goes , the lower the value of fiat currencies ( ALL currencies). You might want to own some gold/silver just in case.
The IMF is not an autonamous entity, it is comprised of different governments and as you said the US is a main member. I see what your saying about the IMF basically being the bank of all banks, but they can't simply foreclose on a country like a bank does on a house. Who is going to facilitate something like that?
We're definitely bringing up some broad complex issues, good talk guys
We're definitely bringing up some broad complex issues, good talk guys