Author Topic: Lessons to be learnt  (Read 1322 times)

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Offline icrcc

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Lessons to be learnt
« on: January 14, 2015, 11:12:35 AM »
Every now and again I take a look at the current debt of the US.. It never gets any better, I don't expect it to because I realize that the ship of reducing the debt has long since sailed. It has been allowed to spiral out of control and  now there is no stopping it.  It needs a reset and probably  the only way to reset it is to let the economy collapse. This morning it was $18,088,085,920,574 and by the time you read this it will  be much higher as it adds about $10,000 every 3 seconds. Check it out:  http://www.usdebtclock.org/

The US is a big county with a big economy and while a national debt of $18 trillion seems immense the US can carry this debt for a while. For a while but not indefinitely.  So what will that reset look like? What can we expect? How will it begin and how will governments respond? We might learn a lot by looking at Venezuela which at this point in time is further down the rabbit hole.. The article in Natural News expands nicely on this.

http://www.naturalnews.com/048290_government_extremism_preparedness_currency_collapse.html

A little more background on Venezuela can be found here: http://www.bbc.com/news/world-latin-america-30638770
It may never happen. Best to be prepared just in case.

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Gravlore

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Re: Lessons to be learnt
« Reply #1 on: January 14, 2015, 11:48:20 AM »
Aside from the number, does anyone really care? It might as well be 500 quadrillion dollars. Nobody calls on the debt since doing so would really hurt those countries holding US paper.


The USA is #1 for one very obvious and repeating reason. The military assures dominance. Take that away and they tank IMO.

Offline JustABear

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Re: Lessons to be learnt
« Reply #2 on: January 14, 2015, 01:06:38 PM »
Aside from the number, does anyone really care? It might as well be 500 quadrillion dollars. Nobody calls on the debt since doing so would really hurt those countries holding US paper.


The USA is #1 for one very obvious and repeating reason. The military assures dominance. Take that away and they tank IMO.

I agree. The eventual reality though is that in time the military will not be able to be adequately funded any longer. Eventually companies will no longer accept marginal currency for weapons and research and development. Inflation will occur and the military will shrink AND become less effective. Other countries (China) are stepping up and developing equal and better technology. The US won the arms race against the former USSR. I doubt they will win this current one against China. Only time will tell.
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