Trade Deficit has crippled the United States of America

Discussion in 'Fred's House of Pancakes' started by malorn, Mar 10, 2011.

  1. malorn

    malorn Senior Member

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    We have between months and 5 years to get this fixed. How will it play out with the US federal government going bankrupt? SS, government pensions, state governments, local governments, school districts, how will it play out?
     
  2. hyo silver

    hyo silver Awaaaaay

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    For one, you can get your revenge on China - defaulting on the debt will be a financial murder-suicide. The effect will be global, so most people are sincerely hoping it never happens.

    If and when it does, there'll be the usual chaos and violence that accompanies the end of empires. Stay mobile. Pay off your debts, sell your assets for cash and convert it into a stable currency. Don't come to my place - it'll be full up long before you get here. :)
     
  3. malorn

    malorn Senior Member

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    What will the stable currency be? Gold? Oil? Corn? Wheat?
     
  4. Skoorbmax

    Skoorbmax Senior Member

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    Auto shotguns and cross bows :)
     
  5. hyo silver

    hyo silver Awaaaaay

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    The Canadian dollar. :)
     
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  6. zenMachine

    zenMachine Just another Onionhead

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  7. BigJay

    BigJay reh reh REH reh Torture them!

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    Ummm no, I was going to say canned food and shotguns myself.
     
  8. malorn

    malorn Senior Member

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  9. jayman

    jayman Senior Member

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    And who started this "economic war?" Our politicians, the criminals on Wall Street, and big biz threw us under the bus 40 f***ing years ago
     
  10. jayman

    jayman Senior Member

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    We will face lower standards of living, generation after generation, just like central and south american nations do. Nothing dramatic, just expected somewhat lower standard of living for your kids and their kids

    It won't fall off a cliff overnight

    Those who inherited wealth/money will probably feel the most abused. Too bad so sad

    I'm going to second Canadian dollar. We're sitting on more natural resources than we know what to do with

    Over the past 5 years, Canada has received praise for how well the economy is run, and how well the banks are run. Even more amazing from a Minority government. It's a good thing to have a Minority gov, they are kept in line

    Let's hope a Liberal/NDP/Bloc Coalition government with our imminent Federal election doesn't f*** that all up

    That article only proves you have to look into the future and plan for the future. Americans are somewhat myopic and tend to look into the past, the "glory" days of the 50's - 60's

    Well, they're done. Long gone. Time to plan for the future
     
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  11. hyo silver

    hyo silver Awaaaaay

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    Agreed. And by 'future', I'd suggest something further off than the usual timeframes. As in, waaaay beyond next quarter, next year's annual report, and even beyond the next decade. I'll make a bold prediction that the nations that can see themselves successful without oil, without a large disparity between rich and poor, without a climate of fear - and show us how to get there from here - will be the next economic superpowers.
     
  12. jayman

    jayman Senior Member

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  13. caffeinekid

    caffeinekid Duct Tape Extraordinaire

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    It was longer ago than that Amigo. As I am sure that you can relate....and as with my other video, I don't expect anyone to watch this one and learn anything. Too bad.

    So. How about that weather? Did anyone see the "guilty dog video"? I hear the Cubs will be making a comeback this year. :rolleyes:

     
  14. qbee42

    qbee42 My other car is a boat

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    I'm planning for the future. I think I'll go to the bakery for a donut this morning.

    Tom
     
  15. Skoorbmax

    Skoorbmax Senior Member

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    Time to annex Canada.
     
  16. malorn

    malorn Senior Member

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  17. Skoorbmax

    Skoorbmax Senior Member

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    He may be, but then he goes off on foreign policy and, well, everything else and comes off as an uneducated Palin-wannabe buffoon. He's said a great number of things that make him unelectable. One last night (?) about how he'd only go to Libya if we could get their oil. And he's now on the birther train[wreck].
     
  18. malorn

    malorn Senior Member

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    The US is really entering desperate times. The paradigm is shifting inn Washington and every state capitol because the well is dry. In April of 2007 who would have bet on Barack Obama?
     
  19. jayman

    jayman Senior Member

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    As long as Joe Sixpack can have the occasional beer or toke, nobody will give one s***. Starting with this generation, we will have lower standards of living into the future.

    Since it won't happen overnight, nobody will be shocked. If you throw a frog into boiling water it will jump out. If you slowly increase the temperature from the ambient setpoint, the frog will let itself boil alive

    We really aren't any different
     
  20. fuzzy1

    fuzzy1 Senior Member

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    In the NBC interview, one of his policies was to take over the oil fields. He also misstated Article II Sec I of our Constitution in a way that makes Sen. John McCain ineligible to be President.

    I foresee yet another Trump 'deal' where he partners with us to share most of the risks, while most of the profits are reserved to other entities wholly owned by him.
     
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