What Will Happen When the US Government Economically Fails?

[ja1484]

US National Debt is ~9 trillion plus. US money supply is ~15 trillion. Bailouts aplenty. Shrinking economic activity, imports far outstripping exports.

So forget the small shit like the Big 3 or the credit crunch. What to do when the US government runs out of money to spend on stupid ideas that won't solve these problems?

Discuss.

 

[Kalvin00]

The government won't run out of money, they'll just keep running the printing press.

But when the rest of the world refuses our dollars....well, then we have some fun times ahead.

 

[ja1484]

Originally posted by: Kalvin00
The government won't run out of money, they'll just keep running the printing press.

But when the rest of the world refuses our dollars....well, then we have some fun times ahead.

I know their last resort will be hyper-inflative mass printing. I don't care how you define "failure" - what I'm getting at is why isn't everyone more worried about this than fucking Ford and AIG, considering it's only slightly less plausible?

 

[EagleKeeper]

Originally posted by: Kalvin00
The government won't run out of money, they'll just keep running the printing press.

But when the rest of the world refuses our dollars....well, then we have some fun times ahead.

They will refuse our $$ when they feel that the US will not be a viable entity and/or they can do without us for security and as an economic engine.

Not until then.

 

[MovingTarget]

New deal x2? WPA #2? Increased infrastructure projects? Full scale declared wars seem to help when the country really goes off the economic cliff. How about invading Mexico again? Or Vietnam, just to surprise the hell out of those guys for old times sake.

This game is fun!

 

[Kalvin00]

Originally posted by: ja1484

Originally posted by: Kalvin00
The government won't run out of money, they'll just keep running the printing press.

But when the rest of the world refuses our dollars....well, then we have some fun times ahead.

I know their last resort will be hyper-inflative mass printing. I don't care how you define "failure" - what I'm getting at is why isn't everyone more worried about this than fucking Ford and AIG, considering it's only slightly less plausible?

Because the morons on CNBC tell them it won't happen?

 

[Jaskalas]

As others have said, they?ll just continue to print money and cause further inflation. Therefore your wages will continue to decline against the cost of living, as they have been doing.

The question is do you want to cling to government, the source of your problems, or do you want to tell them to piss of and secede from their ruinous polices?

 

[Duwelon]

Originally posted by: ja1484

US National Debt is ~9 trillion plus. US money supply is ~15 trillion. Bailouts aplenty. Shrinking economic activity, imports far outstripping exports.

So forget the small shit like the Big 3 or the credit crunch. What to do when the US government runs out of money to spend on stupid ideas that won't solve these problems?

Discuss.

I can see the US declining slowly into a socialist welfare state where a Godless majority rules, yet things just get worse and worse while the solutions are always just the next election of more Godless men away. It's already happening. You won't get much spiritual inspiration from the left wing politicians and the support wing of the left, ie Hollywood and the like is becoming extremely anti-Christian.

Or, that decline could happen quickly with a massive scale terrorist attack such a dirty bomb in a few large cities causing our economy to grind to a halt or financial system to simply break down for awhile because most of downtown NYC is dead.

 

[NoShangriLa]

They could devalue the dollar and send inflation sky ward if they keep spending, and keeps printing money as Kalvin00 mentioned.

Or worst, they default on their loan like the Russian 10 years ago, and that surely will collapse the economy for years to come. Also, it will leave room for extremist to rally and reign control of the government (eg. Russia).

 

[Stunt]

I don't see a big issue with the debt levels; the US debt is not near many other 1st world nations and so long as they are willing to cover each other's debt it is sustainable. I mean Canada's economy depends on shipping the US materials and commodities, the Chinese economy depends on American spending and imports. They have a vested interest in supporting US debt and economic activity. France, Germany, Italy, Japan all have higher debt loads relative to their size. The import/export situation isn't all that worrisome either because half of the imports is oil and that is indicative of economic growth and activity. Unlike other nations like Italy, Germany, etc the US actually imports a much lower percentage of their consumed oil. Oil is a necessary evil as it's the cheapest most efficient way to get energy. I'd be more worried if most imports were high tech, high value added products like turbines, machinery, electronics but it's not...it's about 50% oil and the rest being crappy plastic gadgets from china and clothing which are labour intensive low value add work. On the other hand the US exports equipment, technology, military, electronics; this is a perfectly sustainable situation as well.

The big concern is inflation, money supply, currency devaluation, lack of savings and financial obligations. You cannot cut taxes, increase social spending, lower interest rates and fight wars. People need to understand this.

 

[K1052]

Originally posted by: Duwelon

Originally posted by: ja1484

US National Debt is ~9 trillion plus. US money supply is ~15 trillion. Bailouts aplenty. Shrinking economic activity, imports far outstripping exports.

So forget the small shit like the Big 3 or the credit crunch. What to do when the US government runs out of money to spend on stupid ideas that won't solve these problems?

Discuss.

I can see the US declining slowly into a socialist welfare state where a Godless majority rules, yet things just get worse and worse while the solutions are always just the next election of more Godless men away. It's already happening. You won't get much spiritual inspiration from the left wing politicians and the support wing of the left, ie Hollywood and the like is becoming extremely anti-Christian.

Or, that decline could happen quickly with a massive scale terrorist attack such a dirty bomb in a few large cities causing our economy to grind to a halt or financial system to simply break down for awhile because most of downtown NYC is dead.

Mandrake, have you ever seen a Commie drink a glass of water?

 

[Duwelon]

Originally posted by: NoShangriLa

They could devalue the dollar and send inflation sky ward if they keep spending, and keeps printing money as Kalvin00 mentioned.

Or worst, they default on their loan like the Russian 10 years ago, and that surely will collapse the economy for years to come. Also, it will leave room for extremist to rally and reign control of the government (eg. Russia).

Or the union might shatter. It's already fractured badly along 2 fault lines. You have the east coast which is highly liberal, becoming more Godless, secular. The west coast is the same, and the middle of the country is more conservative. If crap did hit the fan bad enough, I wouldn't be surprised if the 50 states were no more. Of course, I can't imagine what exactly would have to happen to cause this, but it's clear to me that as time goes on, the liberal and conservative divide just keeps getting bigger and bigger and there is increasing amounts of intolerence growing primarily from liberals against conservatives.

 

[Throckmorton]

Why would the government economically fail? What does that even mean? The bailouts aren't just spending money- they're investments that will be profitable for the government.

Originally posted by: Jaskalas
As others have said, they?ll just continue to print money and cause further inflation. Therefore your wages will continue to decline against the cost of living, as they have been doing.

The question is do you want to cling to government, the source of your problems, or do you want to tell them to piss of and secede from their ruinous polices?

Still parroting the "government is the source of problems" BS. Come on, you people have been saying that for how long? Give it up already. Go and live in a third world country if you really believe that. I have and it's not that great.

 

[Evander]

In a last grab the Govt. will grab seize your retirement accounts and tell you it's for your own good:
http://www.carolinajournal.com...lay_story.html?id=5081
Argentina, formerly one of the world's richest economies, did the same thing, and when crowds protested they got fired upon:
short:
http://www.nationalexpositor.com/index.php?news=1450
long:
http://video.google.com/videop...c+Collapse&hl=en&emb=1
I'd recommend checking out the long video if you have time - there are many parallels between Argentina's meltdown and that of the US

 

[ponyo]

Originally posted by: Evander
In a last grab the Govt. will grab seize your retirement accounts and tell you it's for your own good:
http://www.carolinajournal.com...lay_story.html?id=5081
Argentina, formerly one of the world's richest economies, did the same thing, and when crowds protested they got fired upon:
short:
http://www.nationalexpositor.com/index.php?news=1450
long:
http://video.google.com/videop...c+Collapse&hl=en&emb=1
I'd recommend checking out the long video if you have time - there are many parallels between Argentina's meltdown and that of the US

I didn't even click on your links because it's so ridiculous. Calling Argentina one of the world's richest economies? :laugh: That's like calling Mexico one of the world's richest country and superpower. Only thing Argentina has going for it is they have good beef, some minerals, and hot women.

I fear lot of things but nationalization of retirement accounts is not even on the radar.

 

[ProfJohn]

Our debt is smaller than our economy.

Japan's debt is nearly twice the size of its economy and yet it survive.

Debt to GDP we rank 27th behind most of the big European countries. http://en.wikipedia.org/wiki/L...untries_by_public_debt

 

[ja1484]

Originally posted by: ProfJohn
Our debt is smaller than our economy.

Japan's debt is nearly twice the size of its economy and yet it survive.

Debt to GDP we rank 27th behind most of the big European countries. http://en.wikipedia.org/wiki/L...untries_by_public_debt

The stats are nice, but they don't take into account the effect on lifestyle. Too shallow a consideration? Maybe, but it's what most of America is bitching about right now.

In other words, Japan survives, and the US would likely survive, but what would that survival be like?

 

[Duwelon]

Originally posted by: ja1484

Originally posted by: ProfJohn
Our debt is smaller than our economy.

Japan's debt is nearly twice the size of its economy and yet it survive.

Debt to GDP we rank 27th behind most of the big European countries. http://en.wikipedia.org/wiki/L...untries_by_public_debt

The stats are nice, but they don't take into account the effect on lifestyle. Too shallow a consideration? Maybe, but it's what most of America is bitching about right now.

In other words, Japan survives, and the US would likely survive, but what would that survival be like?

On the bright side, eating would go from a passtime back to a necessity.

 

[Farang]

Originally posted by: Naustica

Originally posted by: Evander
In a last grab the Govt. will grab seize your retirement accounts and tell you it's for your own good:
http://www.carolinajournal.com...lay_story.html?id=5081
Argentina, formerly one of the world's richest economies, did the same thing, and when crowds protested they got fired upon:
short:
http://www.nationalexpositor.com/index.php?news=1450
long:
http://video.google.com/videop...c+Collapse&hl=en&emb=1
I'd recommend checking out the long video if you have time - there are many parallels between Argentina's meltdown and that of the US

I didn't even click on your links because it's so ridiculous. Calling Argentina one of the world's richest economies? :laugh: That's like calling Mexico one of the world's richest country and superpower. Only thing Argentina has going for it is they have good beef, some minerals, and hot women.

I fear lot of things but nationalization of retirement accounts is not even on the radar.

Historically Argentina has had one of the highest GDPs in the world

 

[Budmantom]

The liberals will have a parade.

 

[venkman]

the world will give us a $7 trillion economic stimulus package?

 

[fskimospy]

Originally posted by: Duwelon

Originally posted by: ja1484

US National Debt is ~9 trillion plus. US money supply is ~15 trillion. Bailouts aplenty. Shrinking economic activity, imports far outstripping exports.

So forget the small shit like the Big 3 or the credit crunch. What to do when the US government runs out of money to spend on stupid ideas that won't solve these problems?

Discuss.

I can see the US declining slowly into a socialist welfare state where a Godless majority rules, yet things just get worse and worse while the solutions are always just the next election of more Godless men away. It's already happening. You won't get much spiritual inspiration from the left wing politicians and the support wing of the left, ie Hollywood and the like is becoming extremely anti-Christian.

Or, that decline could happen quickly with a massive scale terrorist attack such a dirty bomb in a few large cities causing our economy to grind to a halt or financial system to simply break down for awhile because most of downtown NYC is dead.

Number of atheists in Congress or the Presidency? Zero. (well, one guy says he's a 'nontheist', so maybe one)

I can't wait until we start electing some more godless people to federal office. Maybe when we stop having so many people in charge of our government that believe in a magical sky fairy we can improve our schools to the level in which the students that come out of them know the definition of 'socialism'. Tee hee.

 

[Duwelon]

Originally posted by: eskimospy

Originally posted by: Duwelon

Originally posted by: ja1484

US National Debt is ~9 trillion plus. US money supply is ~15 trillion. Bailouts aplenty. Shrinking economic activity, imports far outstripping exports.

So forget the small shit like the Big 3 or the credit crunch. What to do when the US government runs out of money to spend on stupid ideas that won't solve these problems?

Discuss.

I can see the US declining slowly into a socialist welfare state where a Godless majority rules, yet things just get worse and worse while the solutions are always just the next election of more Godless men away. It's already happening. You won't get much spiritual inspiration from the left wing politicians and the support wing of the left, ie Hollywood and the like is becoming extremely anti-Christian.

Or, that decline could happen quickly with a massive scale terrorist attack such a dirty bomb in a few large cities causing our economy to grind to a halt or financial system to simply break down for awhile because most of downtown NYC is dead.

Number of atheists in Congress or the Presidency? Zero. (well, one guy says he's a 'nontheist', so maybe one)

I can't wait until we start electing some more godless people to federal office. Maybe when we stop having so many people in charge of our government that believe in a magical sky fairy we can improve our schools to the level in which the students that come out of them know the definition of 'socialism'. Tee hee.

Ignorance is bliss eh? You're so hung up on the word and can't see the forest for the trees.

Socialist policies and leanings don't instantly turn a capitalist state into a socialist or communist state. Just because Obama isn't calling for a full on socialist make-over of the US doesn't mean he doesn't have socialist leanings. It's a slippery slope as proven by the New Deal and the awful floodgates of social programs that have opened afterword which have solved absolutely nothing.

 

[fskimospy]

Originally posted by: Duwelon

Ignorance is bliss eh? You're so hung up on the word and can't see the forest for the trees.

Socialist policies and leanings don't instantly turn a capitalist state into a socialist or communist state. Just because Obama isn't calling for a full on socialist make-over of the US doesn't mean he doesn't have socialist leanings. It's a slippery slope as proven by the New Deal and the awful floodgates of social programs that have opened afterword which have solved absolutely nothing.

Ahh the good old slippery slope fallacy. Thanks for that one, it is in no way proven by the New Deal, because the US is not socialist. Every corporate tax break does not send us on the road to fascism, and neither does every progressive tax change send us on the road to socialism and communism. Stop being blinded by ideology, and try to understand the world for what it is, you'll thank yourself later.

To say the programs have solved absolutely nothing flies in the face of objective evidence to the contrary in terms of poverty rates, etc. You have been shown this before, but you continue to revel in your ignorance because reality conflicts with your ideology. It's time for you to wake up.

 

[Duwelon]

Originally posted by: eskimospy

Originally posted by: Duwelon

Ignorance is bliss eh? You're so hung up on the word and can't see the forest for the trees.

Socialist policies and leanings don't instantly turn a capitalist state into a socialist or communist state. Just because Obama isn't calling for a full on socialist make-over of the US doesn't mean he doesn't have socialist leanings. It's a slippery slope as proven by the New Deal and the awful floodgates of social programs that have opened afterword which have solved absolutely nothing.

Ahh the good old slippery slope fallacy. Thanks for that one, it is in no way proven by the New Deal, because the US is not socialist. Every corporate tax break does not send us on the road to fascism, and neither does every progressive tax change send us on the road to socialism and communism. Stop being blinded by ideology, and try to understand the world for what it is, you'll thank yourself later.

To say the programs have solved absolutely nothing flies in the face of objective evidence to the contrary in terms of poverty rates, etc. You have been shown this before, but you continue to revel in your ignorance because reality conflicts with your ideology. It's time for you to wake up.

"While the general form of the argument involving a slippery slope is not valid, the conclusion it leads to is not necessarily wrong."