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Topic: Be Honest- who hopes the USA defaults so BTC skyrockets? - page 3. (Read 4240 times)

legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
FU OP. Semi-Retired here, depend on that Social Security.
And I contributed for 20 years u young punx.

Just because you paid taxes does not mean you deserve welfare.

You paid SS taxes. Just like any other tax. That tax money combined with all of the other taxes to pay for Vietnam and a bunch of fun stuff that you benefitted from including welfare for the poor and for the elderly.

You are now collecting welfare, paid for by our taxes.
sr. member
Activity: 1610
Merit: 372
FU OP. Semi-Retired here, depend on that Social Security.
And I contributed for 20 years u young punx.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
If we are going down this route:

I want this revolution to be over the United States creating a new governmental system the state needs a new governmental system
The roots needs to be purged and refreshed
As long as the military keeps the nuclear weapons out of play as a bargaining chip we can see real change by a default

Mumbles or
World War III
legendary
Activity: 1764
Merit: 1002
sr. member
Activity: 448
Merit: 250
Why exactly do you believe that a government default will prevent food producers from making food?

Seriously, I have no idea what you're on about.


Who said that a government default would directly prevent food producers from making food?
Quote
Sure, the dollar will tank. But it doesn't matter how much BTC skyrockets or how much it is "worth" against another currency if there aren't any goods around to buy with it. You could price BTC with rice or gas but if there is no rice or gas such a measure is meaningless.
Why will there suddenly be no rice or gas etc... to buy? Hyperinflation you might argue would make people SPEND all their money consuming all the rice/food/etc... on shelves, but after the cat's out of the bag anybody with a brain wouldn't accept a rapidly inflating currency, and would sell his goods (which by all means he can continue to make, paying his workers in the inflating currency if possible) for a stable currency.
Quote
That is a ridiculous assertion and an offensive oversimplication. Is that how they teach people to think these days?

Google "economic collapse" "stock market collapse" "hyperinflation" "hyperdeflation" "government default" and learn about the myriad secondary, tertiary, etc effects caused by various significant government and economic catastrophes. This isn't kindergarten. I expect people to have at the very least a highschool- or college-level understanding of economics.

(Also, lol @ the insane level of condescension I managed to pull off in this post.)
(Also note how I humorously imply that one can become educated via google searches of certain keywords)
(Also, lol @ the fact that you entirely ignore my point by throwing around as much terminology as you can lay your hands on)
legendary
Activity: 4592
Merit: 1276
Anyone who voted yes doesn't even begin to realize the consequences of a default.  Trust me, you wouldn't even care what happens to BTC because it would be absolute chaos.

I agree.  But if the question becomes 'when' rather than 'if' the medicine is to be chocked down then it is legitimate to ponder.

I would expect that the chaos would/will be mitigated somewhat by martial law and a command economy here in the U.S.  My only hope is that these constructs are transitory and that the general public retains enough power to terminate both very unhappy eventualities when they are clearly no longer the least-bad course of action.

In fact Bitcoin is currently evolved to a sweet spot where it has the potential to provide a significant empowering effect which could be very useful in promoting an end to totalitarian rule should it occur.  That is a more valid reason than 'pure greed' when it comes to hoping for a 2013 default and monetary re-boot.

hero member
Activity: 503
Merit: 500
Anyone who voted yes doesn't even begin to realize the consequences of a default.  Trust me, you wouldn't even care what happens to BTC because it would be absolute chaos.
hero member
Activity: 504
Merit: 500
Definitely keen to see it burn.  Cool
legendary
Activity: 4592
Merit: 1276

If I got to choose between economic life going on more-or-less as it has been indefinitely or a crash, I'd probably choose the status quo.  But that is not really the choice.  We are in my belief nearing the end of our current monetary regime, and probably the sooner the re-set button is pushed, the less overall grief will be experienced during the reboot process.

So, Ya, I'd like to see a default and system collapse during the time when Bitcoin is viable as a widely distributed non centrally managed peer2peer system, and this would coincide with the period of time when I hold chunk of BTC (because I will be liquidating my BTC position as the nature of the solution changes.)  Ultimately the reason I'd like to see the USD system collapse while I'm positioned to clean up on Bitcoin is mostly pure greed.

legendary
Activity: 2590
Merit: 2154
Welcome to the SaltySpitoon, how Tough are ya?
I don't especially think the price of BTC will increase because of it, however I'm curious as to what will ACTUALLY happen if the U.S defaults. People speculate a lot of things, however its one thing to guess, and another to see. I'm half hoping they do default to scratch my curiosity, however it could cause issues that I don't especially want to happen. So I just am going to go with what happens happens.

If anything, this situation has taught "normal" folks that the government can screw up. So hopefully those 50 year old people who follow the U.S Gov blindly and just assume that everything is for the best, will start to develop a new Nixon era skeptism.
legendary
Activity: 1316
Merit: 1000
Varanida : Fair & Transparent Digital Ecosystem
It won't happen, but I think most of the people in this community hope this happen. why not?
hero member
Activity: 532
Merit: 500
Guys the Tea Party Idiots gave in obamacare is coming, the crisis is more or less resolved because the troublemakers lost credibility.
They gonna raise the debt ceiling and have another war after Obamas term is over and a new mainline republican president is in office.
You REALLY believe this?

I think we won't know for sure until at least 6:00 PM on Wednesday. due to how Senate rules work.If Senator Ted Cruz has his way and the tea party in the House forcing Boehner's hand all the time[Hastert rule] it is very likely there will be a US default and the House GOP loosing a House that was Gerrymandered just for them come the next election.A lot of people aren't saying it but their fuming about this concerning the Republicans.
legendary
Activity: 1078
Merit: 1003
Seems like nonsense to me. Doesnt matter if its China, Japan, or USA. If a huge economic powerhouse goes down, so does the rest. Theyre all relying on the same BS.


Feel free to elaborate; I'm all ears.
legendary
Activity: 896
Merit: 1000
Um.
Allow me to point out the obvious.

If the US actually does default, the economy (which is right now precariously balanced on liquidity injections and ridiculous levels of federal spending) will likely collapse. That means gas shortages, food shortages, riots, etc.

Sure, the dollar will tank. But it doesn't matter how much BTC skyrockets or how much it is "worth" against another currency if there aren't any goods around to buy with it. You could price BTC with rice or gas but if there is no rice or gas such a measure is meaningless.

If there is no gas in the gas station what does it matter how much BTC is "worth"? If there is no food in the store what does it matter how much an ozt of gold is "worth" via some other measure, if there is no food to buy with it? It's merely an intellectual curiosity if there are no goods.

Who is going to accept currency for a good when they can't turn around and buy other goods with that currency?

The use for currencies - fiat or otherwise - in a post-default economic shutdown scenario is wayyy overstated by many of these alt media bitcoin/gold pundits.




Seems like nonsense to me. Doesnt matter if its China, Japan, or USA. If a huge economic powerhouse goes down, so does the rest. Theyre all relying on the same BS.
There will certainly be a period of time where we recover, but this is not to say the world is "over" once America finally buckles.  Believe it or not, there will still be a future after the tribulation; just as all other empires have kicked the bucket, we always figure out how to get along without them.  As much as America would like you to believe that they're the center of the economic universe and their existence is necessary for the world to survive (reminds me of something God might say), it's not nearly as bad as it's being made out to be.

My advice: don't be in America or one of its dependencies once SHTF and the effects will be minimal, assuming America doesn't attempt to nuke the planet to death to stay on top.
legendary
Activity: 1078
Merit: 1003
Um.
Allow me to point out the obvious.

If the US actually does default, the economy (which is right now precariously balanced on liquidity injections and ridiculous levels of federal spending) will likely collapse. That means gas shortages, food shortages, riots, etc.

Sure, the dollar will tank. But it doesn't matter how much BTC skyrockets or how much it is "worth" against another currency if there aren't any goods around to buy with it. You could price BTC with rice or gas but if there is no rice or gas such a measure is meaningless.

If there is no gas in the gas station what does it matter how much BTC is "worth"? If there is no food in the store what does it matter how much an ozt of gold is "worth" via some other measure, if there is no food to buy with it? It's merely an intellectual curiosity if there are no goods.

Who is going to accept currency for a good when they can't turn around and buy other goods with that currency?

The use for currencies - fiat or otherwise - in a post-default economic shutdown scenario is wayyy overstated by many of these alt media bitcoin/gold pundits.



There will certainly be a period of time where we recover, but this is not to say the world is "over" once America finally buckles.  Believe it or not, there will still be a future after the tribulation; just as all other empires have kicked the bucket, we always figure out how to get along without them.  As much as America would like you to believe that they're the center of the economic universe and their existence is necessary for the world to survive (reminds me of something God might say), it's not nearly as bad as it's being made out to be.

My advice: don't be in America or one of its dependencies once SHTF and the effects will be minimal, assuming America doesn't attempt to nuke the planet to death to stay on top.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Guys the Tea Party Idiots gave in obamacare is coming, the crisis is more or less resolved because the troublemakers lost credibility.
They gonna raise the debt ceiling and have another war after Obamas term is over and a new mainline republican president is in office.
sr. member
Activity: 448
Merit: 250
Why exactly do you believe that a government default will prevent food producers from making food?

Seriously, I have no idea what you're on about.


Who said that a government default would directly prevent food producers from making food?

That is a ridiculous assertion and an offensive oversimplication. Is that how they teach people to think these days?

Google "economic collapse" "stock market collapse" "hyperinflation" "hyperdeflation" "government default" and learn about the myriad secondary, tertiary, etc effects caused by various significant government and economic catastrophes. This isn't kindergarten. I expect people to have at the very least a highschool- or college-level understanding of economics.

(Also, lol @ the insane level of condescension I managed to pull off in this post.)
(Also note how I humorously imply that one can become educated via google searches of certain keywords)

sr. member
Activity: 448
Merit: 250
Why exactly do you believe that a government default will prevent food producers from making food?

Seriously, I have no idea what you're on about.
sr. member
Activity: 448
Merit: 250
Um.
Allow me to point out the obvious.

If the US actually does default, the economy (which is right now precariously balanced on liquidity injections and ridiculous levels of federal spending) will likely collapse. That means gas shortages, food shortages, riots, etc.

Sure, the dollar will tank. But it doesn't matter how much BTC skyrockets or how much it is "worth" against another currency if there aren't any goods around to buy with it. You could price BTC with rice or gas but if there is no rice or gas such a measure is meaningless.

If there is no gas in the gas station what does it matter how much BTC is "worth"? If there is no food in the store what does it matter how much an ozt of gold is "worth" via some other measure, if there is no food to buy with it? It's merely an intellectual curiosity if there are no goods.

Who is going to accept currency for a good when they can't turn around and buy other goods with that currency?

The use for currencies - fiat or otherwise - in a post-default economic shutdown scenario is wayyy overstated by many of these alt media bitcoin/gold pundits.

sr. member
Activity: 448
Merit: 250
I don't want the US to default, primarily because I have money invested in the US.

Even if I sold every USD in my bank account to buy BTC, I'd still be screwed if the USG defaulted.
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