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The United States could become bankrupt within our lifetimes

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Natetan

Member
Cujshi said:
I didnt say - aliens, learn how to read, helps on forums such as this one.

and, you know im right. US media makes Chinese people as if they were animals, savages, idiots and such - ok, please go into China and look for your self. Communism 10 times better than any other form of government.

1. Beijing, Hong Kong, GuangZhou, Shanghai and Shenzhen are better cities in terms of functionality than any other in the world. (I would place here Dubai and Abu Dhabi also)

2. System enables everyone to get what they deserve - no matter where and how in China you were born, based on your life and efforts you will be in a position to earn what you worked for.

3. China has no significant debt and a rising economy

4. China has total control of minority groups, so there is no possibility of Lybia, Egypt recent revolution scenario

5. there is no need for revolution cause government constantly improves living conditions

6. there are no unnecessary intellectual degradations such as "Jerry Springer" and other retarded western entertainment types. there are actually highly educated people that do the censorship

7. every city is dedicated to one particular production type (Shenzhen - techincs, Guangzhou - clothes) making China more productive than other countries

8. in order to reach certain levels of functionality in governments, you have to be highly educated and professionally dedicated, and not ex movie star (Arnold), or a thief from Serbia (Rod blagojevich)

and so on.

Communism ftw.

sounds like someone in the US talking about Japan in the early 80's, and we all know how that worked out.

It's easy to have social harmony when the money is rolling in...

We need to change the law and give Clinton a 3rd term, with around the c(l)ock blowjob service.

a decade or so too late. :/
 

jaxword

Member
freddy said:
You're going to need a lot of oil to power the invasion of China. Better get onto annexing Iran in the next ten years I reckon.

We've been at war with Iran for the past few years already. Soon it'll just be more publicized.
 

freddy

Banned
jaxword said:
We've been at war with Iran for the past few years already. Soon it'll just be more publicized.
Yea but those valves on the pipelines stopping at the bordor with Iraq and Afghanistan are starting to get rusty. The sooner you get in there and connect them up the better.
 
Cujshi said:
I didnt say - aliens, learn how to read, helps on forums such as this one.

and, you know im right. US media makes Chinese people as if they were animals, savages, idiots and such - ok, please go into China and look for your self. Communism 10 times better than any other form of government.

1. Beijing, Hong Kong, GuangZhou, Shanghai and Shenzhen are better cities in terms of functionality than any other in the world. (I would place here Dubai and Abu Dhabi also)

2. System enables everyone to get what they deserve - no matter where and how in China you were born, based on your life and efforts you will be in a position to earn what you worked for.

3. China has no significant debt and a rising economy

4. China has total control of minority groups, so there is no possibility of Lybia, Egypt recent revolution scenario

5. there is no need for revolution cause government constantly improves living conditions

6. there are no unnecessary intellectual degradations such as "Jerry Springer" and other retarded western entertainment types. there are actually highly educated people that do the censorship

7. every city is dedicated to one particular production type (Shenzhen - techincs, Guangzhou - clothes) making China more productive than other countries

8. in order to reach certain levels of functionality in governments, you have to be highly educated and professionally dedicated, and not ex movie star (Arnold), or a thief from Serbia (Rod blagojevich)

and so on.

Communism ftw.



ahahahaha wtf

9. Uses vague sentences to convey the impenetrable nature of China's greatness.

10. Writes forum posts as if they are being dictated by a police officer, who has a gun pointed at the poster's head as he tells him what to write.
 

Trojita

Rapid Response Threadmaker
Cujshi said:
I didnt say - aliens, learn how to read, helps on forums such as this one.

and, you know im right. US media makes Chinese people as if they were animals, savages, idiots and such - ok, please go into China and look for your self. Communism 10 times better than any other form of government.

1. Beijing, Hong Kong, GuangZhou, Shanghai and Shenzhen are better cities in terms of functionality than any other in the world. (I would place here Dubai and Abu Dhabi also)

2. System enables everyone to get what they deserve - no matter where and how in China you were born, based on your life and efforts you will be in a position to earn what you worked for.

3. China has no significant debt and a rising economy

4. China has total control of minority groups, so there is no possibility of Lybia, Egypt recent revolution scenario

5. there is no need for revolution cause government constantly improves living conditions

6. there are no unnecessary intellectual degradations such as "Jerry Springer" and other retarded western entertainment types. there are actually highly educated people that do the censorship

7. every city is dedicated to one particular production type (Shenzhen - techincs, Guangzhou - clothes) making China more productive than other countries

8. in order to reach certain levels of functionality in governments, you have to be highly educated and professionally dedicated, and not ex movie star (Arnold), or a thief from Serbia (Rod blagojevich)

and so on.

Communism ftw.
Hahahaha. Are you serious man?
 

theBishop

Banned
FStop7 said:
maybe we should spend/print less money. particularly maybe we should spend less (or no) money on slaughtering brown people half a world away over dinosaur juice, while back here we make jokes about it.

radical idea, i know.

Within reason (i.e. as long as there's international confidence in recovery), inflation is disproportionately bad for the wealthy. A little inflation isn't so bad if you don't have millions in assets. Your mortgage and student debt gets a little easier to pay.
 

Cubsfan23

Banned
who cares? Every other country is in debt, and all economies are intertwined. If we go down everybody else will too, so bankruptcy will never happen.
 
FStop7 said:
maybe we should spend/print less money. particularly maybe we should spend less (or no) money on slaughtering brown people half a world away over dinosaur juice, while back here we make jokes about it.

radical idea, i know.

Its a radical idea because you run the risk of destroying or greatly damaging your economy by doing that. What will all those soldiers do? what will the people who are manufacturing their weapons do? what will you replace the fossil fuels with? and what about the people whose job it is to refine petroleum and use it to make the every day shit people use?

people don't seem to realize just how complicated this all is. If the US were to completely remove their presence from Iraq they risk losing A. a source of good cheap oil B. A key middle-eastern ally that would help to curb the spread of terrorism.
 

cajunator

Banned
I'm trying to save up a good bit on the side. I don't have much debt (aside from a car payment and a couple hundred on credit cards) and I hope to keep it that way. Been lucky so far.
 

theBishop

Banned
lightless_shado said:
Its a radical idea because you run the risk of destroying or greatly damaging your economy by doing that. What will all those soldiers do? what will the people who are manufacturing their weapons do? what will you replace the fossil fuels with? and what about the people whose job it is to refine petroleum and use it to make the every day shit people use?

people don't seem to realize just how complicated this all is. If the US were to completely remove their presence from Iraq they risk losing A. a source of good cheap oil B. A key middle-eastern ally that would help to curb the spread of terrorism.

Nonesense. The price of oil has exploded since 2003. When I was 16 (in 2000), gas was under $1/gallon. You can't blame the current $4/gallon on inflation.

The soldiers and the weapons manufacturers can find new jobs. Sorry, but not all jobs are socially necessary.

Alternatives to carbon-based fuel were urgent in the 70's. 40 years later, the situation is dire. We needed to be solving these problems before now. But we do have good options in solar, hydro, wind, and geothermal. Even if we only used these options in buildings, it would make a huge difference. But electric cars are very practical as well.
 

pestul

Member
Feels like only a little bit of tape and twine holding the world together right now. I know debt to GDP ratios is where economic progression is measured, but it just feels weird that more money is owed by all the countries combined than what actually exists at any given moment. It seems we were doomed to fail from the start of this experiment.

One thing that scares me, and was highlighted so vividly by the Japanese disaster of late, is that it would only take one major catastrophe of that size (smaller even) in the US/EU to spiral things out of control completely..

We take too much risk living on the edge..
 

theBishop

Banned
pestul said:
Feels like only a little bit of tape and twine holding the world together right now. I know debt to GDP ratios is where economic progression is measured, but it just feels weird that more money is owed by all the countries combined than what actually exists at any given moment. It seems we were doomed to fail from the start of this experiment.

One thing that scares me, and was highlighted so vividly by the Japanese disaster of late, is that it would only take one major catastrophe of that size (smaller even) in the US/EU to spiral things out of control completely..

We take too much risk living on the edge..

Our economic system is based on debt. It's the motivator that drives technology and "development" forward. That's not to excuse the state of our system, but when you say "we were doomed to fail from the start", you're stating the obvious.
 

pestul

Member
Cubsfan23 said:
who cares? Every other country is in debt, and all economies are intertwined. If we go down everybody else will too, so bankruptcy will never happen.
Yeah, but things will have to change soon. Austerity measures for the US are coming.. and they will be opposed and in some cases violently. Tea Baggers will be looking for heads on pikes.
 

pestul

Member
theBishop said:
Our economic system is based on debt. It's the motivator that drives technology and "development" forward. That's not to excuse the state of our system, but when you say "we were doomed to fail from the start", you're stating the obvious.
That's exactly the point. We want progression and in the Western World and we're also used to excess everything. It may not result in bankruptcy, but I feel that lifestyle is about to end abruptly and already has in many cases for the recently unemployed.
 

MC Safety

Member
BigPickZel said:
I don't understand how universal healthcare will solve the deficit. Do people not know where money for government programs comes from?


It's a panacea that no one has to pay for.
 
cartoon_soldier said:
Read up people...Deficit reduction is NOT really as hard to do. The problem to me is that while Democrats have agreed to more than 2 trillion dollars in spending cuts, Republicans haven't entertained with 1$ in increased tax revenue.

Do you actually believe the bolded is true?

LOL
 
Let's repeal Bush tax cuts and pull out of both Iraq and Afghanistan.

cbpp_bush_tax_cuts_deficit.jpg


Good lord Bush's tax cuts fucked this country over.
 

_Xenon_

Banned
Cujshi said:
I didnt say - aliens, learn how to read, helps on forums such as this one.

and, you know im right. US media makes Chinese people as if they were animals, savages, idiots and such - ok, please go into China and look for your self. Communism 10 times better than any other form of government.

1. Beijing, Hong Kong, GuangZhou, Shanghai and Shenzhen are better cities in terms of functionality than any other in the world. (I would place here Dubai and Abu Dhabi also)

2. System enables everyone to get what they deserve - no matter where and how in China you were born, based on your life and efforts you will be in a position to earn what you worked for.

3. China has no significant debt and a rising economy

4. China has total control of minority groups, so there is no possibility of Lybia, Egypt recent revolution scenario

5. there is no need for revolution cause government constantly improves living conditions

6. there are no unnecessary intellectual degradations such as "Jerry Springer" and other retarded western entertainment types. there are actually highly educated people that do the censorship

7. every city is dedicated to one particular production type (Shenzhen - techincs, Guangzhou - clothes) making China more productive than other countries

8. in order to reach certain levels of functionality in governments, you have to be highly educated and professionally dedicated, and not ex movie star (Arnold), or a thief from Serbia (Rod blagojevich)

and so on.
1. True. I've been to other big cities of those "emerging world powers" (Brazil, Chile, India) and I'm pretty proud about our cities' functionality and safety. Hongkong was mostly built during British colonization though.

2. LOL far from it man. It's probably hard to see it from you expat's point of view but bullshits like corruption and such are still there and they are huge. Nevertheless, it's far from "slave labors" as some of the people make out here and generally speaking for an educated and hardworking person you can find a decent job without much problem.

3/4/5. True. The unrest you see from newspapers are generally from remote places that I don't even know the name. The central government can't really reach those places so all kinds of bullshit happens.

6. I'm not sure I understand what you mean there but censorship is one big ass backward step. Whoever did this, educated or not, is basically pushing China back from progressing.

7. True.

8. True. Yes there's a lot of things I don't agree with but I'd rather trust an engineer than some hipster movie star.

Cujshi said:
Communism ftw.
Dude even the propaganda media doesn't say it's communism. The official name of it is "Chinese featured socialism", which you can just take it as capitalism.

Smision said:
10. Writes forum posts as if they are being dictated by a police officer, who has a gun pointed at the poster's head as he tells him what to write.
Yeah keep smoking your crack pot, kid.
 

daycru

Member
Barely functioning public transit.
No universal healthcare.
Higher education is enormously expensive.

Where did this money go?

Oh yeah.
 

GCX

Member
ClosingADoor said:
Seems like you guys and some Northern European countries are the only nations to have their debt under control.
Here in Finland due to the recession the state has been taking about 8 billion euros of debt per year since 2008 so the whole country wouldn't collapse. But now that the economy is getting better again EVERY major party agrees that the state budget needs to be balanced in a way that we start to pay our debt back again.

The question isn't if we should pay the debt back, it's how to do it.
 

cubanb

Banned
Countries can't go bankrupt in the legal sense of the word. They can fail to meet their debt obligations. They can also lose their credit rating and their ability to acquire new debt.

You won't see them in any international bankruptcy court though.
 
Hey, maybe this will help us in our movement to a type-1 civilization.

Yeah, I need to stop listening to Michio Kaku.


But in all seriousness, its pretty frightening that this 'crisis' can be overcome if our politicians would pull their heads out of their asses. The real crisis is the fact that none of them have the balls to say anything. And the ones that do never get elected :(
 

gondwana

Member
empty vessel said:
Jesus, talk about effective propaganda.
Progressives and liberals are practically indistinguishable from right-wing debthawks on this issue. The only discernible difference I can pinpoint is that they want to gut government spending in a ~~~~ humane ~~~~ way.

Unknown Soldier, just to be clear, do you really believe a sovereign government like the United States of America that issues its own floating rate, non-convertible currency is capable of going involuntarily insolvent? The bonds the treasury issues are solely denominated in the form of the dollar. The securities China and other nations purchase (to supposedly finance government spending) are no different. Whom or what is going to force the government into bankruptcy?
 

Goro Majima

Kitty Genovese Member
Yeah bankruptcy isn't really the issue here.

Hyperinflation and the potentially huge cost of capital from both foreign and domestic investors is where the problem lies.
 

Tenks

Member
lightless_shado said:
you had a good run America. Let us use this thread to reminisce about the really awesome shit that's come out of the USA. I'll start.

-The internet as we know it
-Pixar
-Law and Order(Tv series)
-Barack Obama
-Teddy Roosevelt


So you list Obama but are you refusing to see the massive bump in national debt when your boy took office?
 

Kabouter

Member
Juancho9 said:
Who else has a backup plan? Im out in a heartbeat back to Ecuador if shit really goes down here lol.
Ah yes, Ecuador, that enormously prosperous land in no way dependent on the rest of the world economy.
 

Maxim726X

Member
I think people in this country need to understand that some things are unsustainable, and that we will have to do without amenities that were once taken for granted- Namely Social Security and Medicare/Medicaid.

Simple can't afford it anymore. That's the sad truth. Even if the defense budget is cut significantly, the real elephant in the room still remains: entitlement programs. And before someone calls me a right-winger for suggesting that they be cut, I'm not... But looking at the numbers, is there really any feasible way to get out of this hole?
 
Juancho9 said:
Who else has a backup plan? Im out in a heartbeat back to Ecuador if shit really goes down here lol.


Ecuador? I was thinking a nice border city in Mexico would be safe. It's between that and Liberia.
 

Mgoblue201

Won't stop picking the right nation
Tenks said:
So you list Obama but are you refusing to see the massive bump in national debt when your boy took office?
Most of the increase is a direct result of the fall in tax revenue and the automated spending on social programs such as Medicare due to the financial crisis. I would like to know what huge spending program Obama has signed into law that could possibly explain the amount of debt acquired since he has taken office.
 

cajunator

Banned
tax cuts usually would spur growth, but people werent exactly saving up any money or spending wisely to begin with. In theory a tax cut simply gives more money back to a person to spend into the economy, but a lot of people probably used it to pay off stupid amounts of debt they already incurred. It really depends on when the tax cut is enacted and how.
 

The Technomancer

card-carrying scientician
Cereal KiIIer said:
No taxes for anyone making above 500 000$.
My god its brilliant! And then when it all collapses we'll escape in our jets to somewhere nice in the Caribbean and let the rest of the people eat themselves.
 
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