Topic: US, the sinking Ship (Read 1332 times)

But wood is better for barbecuing than burning dollars.

In the Weimar Republic a guy drives a wheelbarrow full of money into a Bakery. The staff told him they don't want the money, but he can give him some Bread for the empty wheelbarrow. So he dips the money into the street gutter around the corner and takes the the empty wheelbarrow back in to get some Bread.
More heat was produced to burn the money instead of buying wood with it.
Towards the end of it new money was not printed, instead additional zeros where stamped onto existing notes.


Bitcoin is a good Hedge

Well, Keynes was wrong about everything else, too, except that in the long run we're all dead.

Greece, Spain, Italy, Portugal, France, Congo, Sudan, Yemen, Zimbabwe... That's only to name a few. You should check the international news. There are many sinking ships in the world, today.

Must assume you're being sarcastic. Or that you don't know what inflation is (or understand it in detail).

First part is true, the second is not

It does not matter what color he is or political party he belongs to. He is just a puppet which is put there by the system and moves as told by the system. If he wants to free himself from the strings which dictate his actions he would no longer be the "President".
Ron Paul would be no different.

The first human ever.

What is a "black guy"?

Great, lets all blame the black guy..

http://www.youtube.com/watch?v=gQourq7M8R0

Dictators and Democracies...

That is certainly true. Obama is opening the wound wider.

At this point, I believe that is about the best thing we can hope for the US. The quicker the better.

You are saying that if some other guy had been elected, he would own the financial problem.

But that does not negate the fact that Obama currently owns it.

I'd try to explain the difference between being distantly related to a King, and actually having the powers and authority of a King, but I'm relatively sure it would be a waste of time. So I'll make it simple, and just modify my original statement thus:

The President is far from a dictator, anyway... very little of the budget can actually be laid at his feet.

I wouldn't say "far" from a king...
http://www.youtube.com/watch?v=9oYKMJkatzI

The President is far from a King, anyway... very little of the budget can actually be laid at his feet.

There have been no candidates in the general election in the past decade that would have done anything about it.

Even if Rand Paul were elected in 2016, I believe it is too late.

No, that is doublespeak triplelie quadsmear pentafucked.

Obama at the point owns the financial problem, mainly by virtue of ignoring it.

I agree that the UNION is a sinking ship, but the south is strong Time to salvage what we can and make our own boat.
THE SOUTH WILL RISE AGAIN!!!! (lol)

By no means is the trouble we are in due to Obama. It was well on its way before Obama was even elected (the financial crisis happening toward the end of Bush's second term).

I do agree though, combining the following:
The unfunded liabilities of the state health insurance system amount to more than $ 38 trillion for the next 75 years.
The state pension system has a funding gap of USD 134 trillion over the next 75 years.
The national debt being $16.7 trillion.

That means that of the 143 million people in the US that pay taxes each year, they are on the hook for over $1.3 million to the government during their lifetime. Just for those 3 alone, not including yearly budgets. That is an average of $28k per year for every working American for their whole working life, not including the taxes to pay that year's budget.

A country such as Costa Rica, however, has a balanced budget law which does not allow them to have any debt. So their citizens are only on the hook for the budget they pass that particular year.

The best the US can hope to do is make the current dollar worth about .001 cents in today's value. That is the only thing that can save them. That is why I can see $10k/BTC in a few years.

Things were much worse during the Great Depression, and we recovered from that.

Think about this: if the Fed can print money at will, why does it matter how much debt we're in?

During the first term of President Obama, the federal government has accumulated more debt then the first 42 presidents put together
If you want to repay all U.S. debt that Obama has made during his first term, payable at a rate of $ 1 per second, it would take 184,000 years to repay it.
The U.S. government steals its children and grandchildren every single hour $ 100 million.
According to the World Bank, the U.S. GDP in 2001 was 31.8% of total global economic output. By 2011, its share was 21.6%.
According to the British magazine The Economist, the U.S. in 1988 was the best place where you could  have be born. Today, the U.S. Ranks 16th.
Since 2001 over 56.000 manufacturing facilities closed its doors forever in the U.S
Fewer Americans work In manufacturing industry today then in the 1950's but population is more then double
According to the New York Times, in Detroit there are currently about 70.000 buildings that have been abandoned.
When the Free Trade Agreement NAFTA was forced true by Congress in 1993, the United States  reported a trade surplus of $ 1.6 billion against Mexico. By 2010, the external balance with Mexico turned into a trade deficit of 61.6 billion.
The U.S. trade deficit with China in 1985 was $ 6 million. 2012 the trade deficit with China was USD 315 billion.
According to the Economic Policy Institute, the United States loses every year half a million jobs to China.
Amazingly, 53% of all American workers currently earn less than $ 30,000 per year.
Small businesses currently dying at a staggering rate. The non-farm self-employemend  rate is only 7%.
The richest one percent of the U.S. population has a larger net assets then the bottom 90% together.
According to Forbes magazine, the richest 400 Americans have more wealth than the poorest 150 million combined.
The six heirs of Wall-Mart founder Sam Walton collectively have more wealth than the bottom third together.
There are currently almost 80 different "needs-based social programs" in the U.S.  And more than 100 million use at least one of them.
The unfunded liabilities of the state health insurance system amount to more than $ 38 trillion for the next 75 years. That is USD 328 404 for every household.
The state pension system has a funding gap of USD 134 trillion over the next 75 years.
The number of Americans who receive social assistance due to a disability, exceeds the population of Greece, and the number of Americans who rely on government food stamps, exceeds the population of Spain??
Over 1 million students who go to public schools are currently homeless. This is the first time in U.S. history that this is the case.
According to one calculation, the number of Americans who receive government food stamps, is larger than the population of the states:
"Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska , Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Iceland, South Dakota, Utah, Vermont, West Virginia and Wyoming " together.