one way this could end is if states start to secede from the union, leaving the others with the bill, similar to what Catalonia is trying to do now in Spain.
Catalonia has been governed by a completely corrupt party called CiU for years. The main responsible and considered icon in Catalonia called Jordi Pujol is facing jailtime for 30+ years of corruption and scams. Catalonia will not solve shit by being independent because they have their biggest problems in its own territory. Good job at swallowing the propaganda tho. 
Topic: When will the USA pay their debts, if ever? - page 7. (Read 20979 times)
one way this could end is if states start to secede from the union, leaving the others with the bill, similar to what Catalonia is trying to do now in Spain.
The states do not actually have the right to leave the union as a war was fought over this right ~200 years ago and the states that wanted to leave lost.Also no state in it's right mind wold want to leave the union as the federal government gives massive amounts of subsidies and funding for every single state for things like education and roads and medicare/medicaid
the federal government has no money but what it steals from the population.
thats why its not mathematically possible for all the states to be subsidized by the federal government.
what happens in reality is that the rich states are paying for the poor.
its in their best interest to leave the union and stop subsdizing the deadbeat states.
a bonus point is that they get to escape paying the impossible debt the federal government has racked up.
Government get its money from taxation, it doesn't owe substantial financial assets except government debt and bad mortgage securities through the FED
What about China's $23 trillion credit bubble?
The whole world is in massive debt, it's fantasy if you think it's just the United States who has a problem.
The whole world is in massive debt, it's fantasy if you think it's just the United States who has a problem.
the United States has the biggest debt, and the biggest trade deficit.
its the biggest parasite in the world, consuming 80 billion USD more than it produces every month.
a country that consistently for 20 years consumes more than it produces is by definition a parasite, and the world would have had more goods if it didnt exist because its a consistent burden on the world.
Rich men who live off their inherited wealth are parasites?
no, but America isn't a rich man.
its a deadbeat that owes trillions in debts and yet continues to live beyond its means on borrowed money.
They defaulted the day they got off the gold standard. They owed gold, but did not pay.
one way this could end is if states start to secede from the union, leaving the others with the bill, similar to what Catalonia is trying to do now in Spain.
The states do not actually have the right to leave the union as a war was fought over this right ~200 years ago and the states that wanted to leave lost.Also no state in it's right mind wold want to leave the union as the federal government gives massive amounts of subsidies and funding for every single state for things like education and roads and medicare/medicaid
the federal government has no money but what it steals from the population.
thats why its not mathematically possible for all the states to be subsidized by the federal government.
what happens in reality is that the rich states are paying for the poor.
its in their best interest to leave the union and stop subsdizing the deadbeat states.
a bonus point is that they get to escape paying the impossible debt the federal government has racked up.
USA can pay any debt. make more research but here is a hint:
Good one! Here's another, from the vaults:
http://online.wsj.com/news/articles/SB10001424052748703730804576314953091790360
tl;dr "Prime Minister Morgan Tsvangirai told a farmer at a public rally last year that he should use the bricks of bank notes under his bed "to fertilize his fields.""
This is just the exact thing what happens if you print money, just becomes more zeros and more papers, but still not paying debts.
one way this could end is if states start to secede from the union, leaving the others with the bill, similar to what Catalonia is trying to do now in Spain.
The states do not actually have the right to leave the union as a war was fought over this right ~200 years ago and the states that wanted to leave lost.Also no state in it's right mind wold want to leave the union as the federal government gives massive amounts of subsidies and funding for every single state for things like education and roads and medicare/medicaid
the federal government has no money but what it steals from the population.
thats why its not mathematically possible for all the states to be subsidized by the federal government.
what happens in reality is that the rich states are paying for the poor.
its in their best interest to leave the union and stop subsdizing the deadbeat states.
a bonus point is that they get to escape paying the impossible debt the federal government has racked up.
Don't think the federal government will allow states to leave the union without a fight, it doesn't even respect the constitution anymore and most states would benefit going out of the union; at least the mistakes will not be made on all states but just on some states and some states will get it right.
States would be able to compare what works and what doesn't
one way this could end is if states start to secede from the union, leaving the others with the bill, similar to what Catalonia is trying to do now in Spain.
The states do not actually have the right to leave the union as a war was fought over this right ~200 years ago and the states that wanted to leave lost.Also no state in it's right mind wold want to leave the union as the federal government gives massive amounts of subsidies and funding for every single state for things like education and roads and medicare/medicaid
the federal government has no money but what it steals from the population.
thats why its not mathematically possible for all the states to be subsidized by the federal government.
what happens in reality is that the rich states are paying for the poor.
its in their best interest to leave the union and stop subsdizing the deadbeat states.
a bonus point is that they get to escape paying the impossible debt the federal government has racked up.
... Meanwhile, China and Russia continue to amass gold.
And jewels. Don't forget jewels.
I wonder how many Americans actually feel honor-bound to pay this debt anyway? I suspect, not many. I think that reputation will bite them in the ass one day real soon!
Cause we're talking about stealing. Meanwhile, China and Russia continue to amass gold.
Cause we're talking about stealing. Meanwhile, China and Russia continue to amass gold.
one way this could end is if states start to secede from the union, leaving the others with the bill, similar to what Catalonia is trying to do now in Spain.
The states do not actually have the right to leave the union as a war was fought over this right ~200 years ago and the states that wanted to leave lost.Also no state in it's right mind wold want to leave the union as the federal government gives massive amounts of subsidies and funding for every single state for things like education and roads and medicare/medicaid
one way this could end is if states start to secede from the union, leaving the others with the bill, similar to what Catalonia is trying to do now in Spain.
Just when I think you can't say anything dumber, you type something like this. Good lord. What level of education do you have?
one way this could end is if states start to secede from the union, leaving the others with the bill, similar to what Catalonia is trying to do now in Spain.
for now I think the american debt can not be paid off because a lot of the cost is borne by the American states, such as social costs, the cost of war, cost of defense and security, all of which require a fee in an amount not less, especially just Americans poured some money and infrastructure in order to increase troops in the middle east, but I'm sure one day the debt will soon be paid off ... 
interest rates are still at zero.
every time someone takes a loan from a commercial bank money gets printed.
The fact that the interest rates are at zero is a result of market forces, not something that the government is forcing. every time someone takes a loan from a commercial bank money gets printed.
what market forces are you talking about.
a bunch of people at the FED dictate what the interest rate is going to be.
They only need 1 good idea to be back in the green again.
interest rates are still at zero.
every time someone takes a loan from a commercial bank money gets printed.
The fact that the interest rates are at zero is a result of market forces, not something that the government is forcing. every time someone takes a loan from a commercial bank money gets printed.
Ha!
interest rates are still at zero.
every time someone takes a loan from a commercial bank money gets printed.
The fact that the interest rates are at zero is a result of market forces, not something that the government is forcing. every time someone takes a loan from a commercial bank money gets printed.
its never getting paid off, not in the same purchasing power at least.
the best way out would be to default like Argentina but the American government is probably too proud to admit America is a deadbeat and can never repay its debts.
so whats going to happen is the federal reserve will print as much money as will be needed to service the debt and kill the dollar.
the US government defaulting on it's debt would probably have a worse effect on the value of the dollar then the federal reserve printing sufficient money to service the USG's debt over the long term. the best way out would be to default like Argentina but the American government is probably too proud to admit America is a deadbeat and can never repay its debts.
so whats going to happen is the federal reserve will print as much money as will be needed to service the debt and kill the dollar.
Also, as mentioned above QE3 has ended so the fed is really no longer printing money anymore
interest rates are still at zero.
every time someone takes a loan from a commercial bank money gets printed.
its never getting paid off, not in the same purchasing power at least.
the best way out would be to default like Argentina but the American government is probably too proud to admit America is a deadbeat and can never repay its debts.
so whats going to happen is the federal reserve will print as much money as will be needed to service the debt and kill the dollar.
the US government defaulting on it's debt would probably have a worse effect on the value of the dollar then the federal reserve printing sufficient money to service the USG's debt over the long term. the best way out would be to default like Argentina but the American government is probably too proud to admit America is a deadbeat and can never repay its debts.
so whats going to happen is the federal reserve will print as much money as will be needed to service the debt and kill the dollar.
Also, as mentioned above QE3 has ended so the fed is really no longer printing money anymore
its never getting paid off, not in the same purchasing power at least.
the best way out would be to default like Argentina but the American government is probably too proud to admit America is a deadbeat and can never repay its debts.
so whats going to happen is the federal reserve will print as much money as will be needed to service the debt and kill the dollar.
the best way out would be to default like Argentina but the American government is probably too proud to admit America is a deadbeat and can never repay its debts.
so whats going to happen is the federal reserve will print as much money as will be needed to service the debt and kill the dollar.
I thought QE had finished.
Will they resume QE in the near future or are they printing behind closed doors in secret so to speak?
The way I see things is soon there WILL be a monetary disaster. This may come in the form of a black swan event or a bank failure leading to a domino effect. All this money that has been printed from QE1,2,and 3 will have to go somewhere and once panic hits a lot of money will be put in commodities like metals and potentially bitcoin if the "man on the street" knows about it and knows how to acquire btc.
It's not just the U.S that have been printing of course. We've been at it here too as well as many other countries!
Just my opinion as a UK spectator.
Russell
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