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Well, I'm just not going to have a good day. People expire all the time. Mostly for good cause. Accident avoidance (all kinds) would be a good practice. I won't do any full gainers into the grotto from some cliff.
Global Debt Time Bomb
- Thread starter buster
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We all die right? Sorry there SteveS I stole your line.
BeanCounter,
Will you supply the source for that commentary?
BeanCounter,
Will you supply the source for that commentary?
Quote:
aka stock up on guns, ammo, and food
In 20 years we will all be living like the people in the move Mad Max.
Just don't overspend, save and watch your finances and things will be just peachy.
aka stock up on guns, ammo, and food
In 20 years we will all be living like the people in the move Mad Max.
Just don't overspend, save and watch your finances and things will be just peachy.
I told my wife about the global debt time bomb. she thought it was overhyped. she has a substantial amount in the stock market from 1996 that her parents gave her when she was a teenager and expects to live off of it in 50 years in retirement
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Tell her that will mean that she'll only owe half as much as people without such holdings. That will go over well...
Is there a grasshopper gene? It's sorta like that XY thing.
Is there a grasshopper gene? It's sorta like that XY thing.
Originally Posted By: benjamming
We all die right? Sorry there SteveS I stole your line.
BeanCounter,
Will you supply the source for that commentary?
I think this is it:
http://theeconomiccollapseblog.com/archi...s-national-debt
It is thought-provoking, but I have heard some good pros and cons to its argument...
We all die right? Sorry there SteveS I stole your line.
BeanCounter,
Will you supply the source for that commentary?
I think this is it:
http://theeconomiccollapseblog.com/archi...s-national-debt
It is thought-provoking, but I have heard some good pros and cons to its argument...
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I didn't see any revelation there. We're using a monetary system that advances the finish line further and further into the future.
As I said, phase relationships. The accounts never can be reconciled. There is no way that a fractional reserve system can be brought to a balance of zero. It's always going to be in the red.
As I said, phase relationships. The accounts never can be reconciled. There is no way that a fractional reserve system can be brought to a balance of zero. It's always going to be in the red.
Originally Posted By: LS2JSTS
You cant seperate the great depression and our emergence from it without including WWII as a major factor in that rebuilding. The great depression could have gone on for any number of years without the growth stimulated by WWII.
And don't forget the savings put forth by WWII, both through soldiers that spend 3-4 years without any way to spend, and by folks at home forced to save by the act of the government using forced shortages on commodities. 5 years without buying tires, brings a glut when when can finally buy tires.
I'm thankful for the saving that occurred during WWII, without it, the Keynesian forced spending would have prolong the great depression 20+ years (kind of like Japan)
You cant seperate the great depression and our emergence from it without including WWII as a major factor in that rebuilding. The great depression could have gone on for any number of years without the growth stimulated by WWII.
And don't forget the savings put forth by WWII, both through soldiers that spend 3-4 years without any way to spend, and by folks at home forced to save by the act of the government using forced shortages on commodities. 5 years without buying tires, brings a glut when when can finally buy tires.
I'm thankful for the saving that occurred during WWII, without it, the Keynesian forced spending would have prolong the great depression 20+ years (kind of like Japan)
What is this? The doomsday thread?
America has been, is now and always will be for sale. Our debt is too high so we will inflate out way out of it. The invisible hand of the world markets will ensure that capital and wealth be distributed to those who earn it...not legislate it. No governments or unions or politicians can alter the invisible hand for long as it will self correct all economies. If you want to enjoy a decent life and retirement then choose the course that least limits free enterprise. very simple.
America has been, is now and always will be for sale. Our debt is too high so we will inflate out way out of it. The invisible hand of the world markets will ensure that capital and wealth be distributed to those who earn it...not legislate it. No governments or unions or politicians can alter the invisible hand for long as it will self correct all economies. If you want to enjoy a decent life and retirement then choose the course that least limits free enterprise. very simple.
Not to get too political about it, I think eventually things will right itself, but some people will fall off the table as a result due to vanishing retirement, reduced income, lowered standard of living. In other word, if you look at how the European lives in the last 10 years, that's how the US will look like in the long term.
I don't think recession debt is that big of an issue (in the long term) because a huge amount of it is due to reduced revenue when a lot of people lost their jobs or companies losing money. When things turn around and the tax increase, things will get paid off to keep inflation and US dollar in check. That happened in the mid 90s, and IMO it could happen.
The bigger problem I think is that the way things goes we are not going to be the world standard currency for much longer if Asia's growth is stabilized and not use US dollar as their national reserve. Once a few more giants stand up, people would expect us to be more disciplined, instead of trusting us to be the safe haven from their own countries' hyper inflated currency.
I don't think recession debt is that big of an issue (in the long term) because a huge amount of it is due to reduced revenue when a lot of people lost their jobs or companies losing money. When things turn around and the tax increase, things will get paid off to keep inflation and US dollar in check. That happened in the mid 90s, and IMO it could happen.
The bigger problem I think is that the way things goes we are not going to be the world standard currency for much longer if Asia's growth is stabilized and not use US dollar as their national reserve. Once a few more giants stand up, people would expect us to be more disciplined, instead of trusting us to be the safe haven from their own countries' hyper inflated currency.
It's comparable to granting a mortgage loan of a million dollars to someone who makes minimum wage. I wouldn't loan us money.
Now imagine that mortgage being unforgivable and passable to the next generation with interst.
Now imagine that mortgage being unforgivable and passable to the next generation with interst.
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Shannow,
You are right, it is not serviceable or able to paid off, unless we have high tax for a long time with minimal to no government services.
The cheaper way is of course inflate it away, because those who loan us money and those who fled their own countries' currency volatility will pay them along with us.
Then, maybe we'll pay it off. =(
You are right, it is not serviceable or able to paid off, unless we have high tax for a long time with minimal to no government services.
The cheaper way is of course inflate it away, because those who loan us money and those who fled their own countries' currency volatility will pay them along with us.
Then, maybe we'll pay it off. =(
The govt. will not cut spending... not enough anyway, due to the entitlements being just so [censored] many and so [censored] large....................................................... until they have no other choice and by then it will be to late.
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