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Never Give up
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US is on the path of becoming Argentina.
I dont beleive that at all. Argentina did survive becasue it had all the other countrys around that were stable. What do you think will happen here. Heck people go crazy when theres a small glitch in the system a big one would all tumble it over. Along with many many other countries.
 

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Banned
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NOPE!

Naw, THEY just print more Monopoly Money, devalue the dollar, or something.

I wonder what the World Currency will be like?

Who gets their picture on it? Maybe it will just be a picture of the world.

What will it be called?

Satan's Bill, the 666 Buck, worth six hundred & sixty six dollars. By then it will cost that for a gallon of gas or a meal.

Probably won't even be any money. It will all be on that chip in your arm.

:upsidedown:
 

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cleaning crew
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I dont beleive that at all. Argentina did survive becasue it had all the other countrys around that were stable. What do you think will happen here. Heck people go crazy when theres a small glitch in the system a big one would all tumble it over. Along with many many other countries.
i meant that the scenario that lead to argentina's to its crisis is the same as the one we are in. and yes, unfortunately it'll be worst for the us because our financial/economy/people are more sensitive than other countries.
 

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paying it back means more money for pet projects. " AIG has paid back 20% of the bail out money" that means more parties at the white house. we the people will never see any of it.
 

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Mom Walton
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Not without major inflation and a change in power. No change in power means more debt, not less.

I think they are going to let this hit globally, propping up the quick defaulters, so we can all default at once. Then no nation one will owe any other, "we will all be one big happy global family." :rolleyes:
 

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Technically the Federal Government can never repay all of its debts so long as we are on a fiat currency. Every dollar in your pocket represents a debt to either another nation (China or Saudia Arabia) or an individual who is holding a US treasury. The best we can ever hope for is to have manageable debts but I think we are past the tipping point and its too late. Madoff was able to run his ponzi scheme for 20 years so the US government has already beaten that world record.
 

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There is 13 trillion in debt at this point, but the worst part is that there is another 119 trillion in unfunded liabilities. If you taxed people at the 100% rate and continued spending at this rate without increases, you can't pay this back. Collapse is inevitable!
 

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... --- ...
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Short answer: NO. Mathematically, it can never be paid off. Absolutely impossible.
And.....it was never meant to be. The global currency crisis has been engineered,and will be used to usher in the next "solution". A global currency.
And most of us will fall for it, because it will be presented as the rational,practical alternative to economic chaos.
 

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Prepared
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They could pump a tremendous amount of money into the economy -- but keep most of it off Main Street to avoid inflation. "Banks just aren't lending", bailouts, propping up the too-big-to-fails, etc.
 

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WINNING...humbly
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Yes. There is three ways it could happen. We can hyperinflate, we can grow economy faster then we pile on more debt, or a combination of both. I believe we will hyperinflate eventually.

The Argentinian scenario doesn't apply here because Argentina defaulted on its debt. We will never default for a very simple reason, we print the world's only reserve currency and we can print as much as we want until the USD will get replaced with some other fiat currrency. Any guesses what that currency could be? Don't bother, there is none in the foreseable future and beyond.
 

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The current administration has no intention of paying off our debt, only taxing us to line their own pockets. This is a simplistic answer, but that's basically the way they are thinking. I just believe we are far too into debt to bounce back. Funny how this Marxist thing never worked before, yet they continue to shove it down the American citizens' throats.
 

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Prepared
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Marxism?! If it's Marxist to be the biggest recipient of campaign dollars from the big bankers, and to bail them out, what's it called when you line the bankers up against a wall instead, and redistribute the plunder to the people? Capitalism?! Let's set the propaganda aside already.

No, it's rather pointless to talk about inflation or deflation. It's theft. Deflation on main street, inflation on wall street.

The current administration has no intention of paying off our debt, only taxing us to line their own pockets. This is a simplistic answer, but that's basically the way they are thinking. I just believe we are far too into debt to bounce back. Funny how this Marxist thing never worked before, yet they continue to shove it down the American citizens' throats.
 

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Marxism?! If it's Marxist to be the biggest recipient of campaign dollars from the big bankers, and to bail them out, what's it called when you line the bankers up against a wall instead, and redistribute the plunder to the people? Capitalism?! Let's set the propaganda aside already.

No, it's rather pointless to talk about inflation or deflation. It's theft. Deflation on main street, inflation on wall street.
It's theft by our own government to gain control of our earned income, privately-owned companies, and power by any means possible in seizing private corporations or by whatever they deem unfit for their version of the economy. Capitalism, at least here in America, (supposedly, or at least used to) gives small businesses and independent companies the chance to succeed without being taxed to death for everything they have in order to pay back this vile debt your Socialist gods have gotten us into. Those "Capitalist," as you say, campaign dollars were actually from SEIU, ACORN, and other Joyce Foundation groups--the very ones who benefit from this regime, but we'll overcome this. You'll see, Sir/Ma'am.
 

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Prepared
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Ah I see. Nevermind Goldman-Sachs, Lehman Brothers, AIG, UBS, JP Morgan, the too-big-to-fails, Citibank, Rothschilds -- all PRIVATE corporations, many of which donated handsomely to the PUBLIC officials who then bailed out PRIVATE institutions with PUBLIC money. I'd call that theft or crony capitalism.

If you're looking for socialism or Marxism, you'll need to provide evidence that the government took money from Wall Street and bailed out Main Street. Looks like you got it backwards somehow.
 

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Sure, they can pay it back. The question is "with what ?".

Zimbabwe has recently issued a 100 Trillion Dollar banknote. One of them and we are good to go.
 

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Ah I see. Nevermind Goldman-Sachs, Lehman Brothers, AIG, UBS, JP Morgan, the too-big-to-fails, Citibank, Rothschilds -- all PRIVATE corporations, many of which donated handsomely to the PUBLIC officials who then bailed out PRIVATE institutions with PUBLIC money. I'd call that theft or crony capitalism.

If you're looking for socialism or Marxism, you'll need to provide evidence that the government took money from Wall Street and bailed out Main Street. Looks like you got it backwards somehow.
I disagree with the bailouts. Private companies should be allowed to fail (much like mine, I'm afraid), but the intended concept of Capitalism is to ensure the freedom and the risk to give what you've got to get what you earn. Sure, I agree that some Capitalists lie, cheat, and steal for power and money, but these government takeovers are unlawful, and the goverment should keep its nose out of private businesses in accordance with the 10th Amendment. I'm a proponent of States' rights. Aren't you?
 

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Government takeovers?? The government socialized the risk/theft/loss. It's something a thief-in-charge would do to make crimes of high finance more sustainable, by diluting the pain (but not the gain). It's so obvious that it needs no explanation.

It's powerful private elite bending, corrupting, shaping, bribing public institutions to suit their needs. If you want socialism, I'd like to see evidence of a classless society, worker ownership of productive big/international industry, etc.

The fact it worked out that way (socialization of risk/loss) suggests that the Corporation has long since taken over government, not vice-versa. The joke on the Ayn Rand crowd is that they got a weird brand of socialism anyway -- private corporate fiat socialism. Pretty much everything they railed against the government for, the Corporation is now the guilty party. Internationalism, command-economies, anti-competition monopolization, communist labor pool, wars for needed resources, exclusive political backdoors, preferential laws, etc.
 
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