Posted on 12/14/2008 10:53:05 AM PST by Dr. Marten
The Answer: It’s a financial panic. America has been through them before. 1812, 1869, 1929, 1987...to name just a few.
Gee, doya think?
My family doesn’t practice fiscal irresponsibility. We have one credit card and pay off the balance each month. We have two cars which are paid for. We have a nice flat screen tv, paid off, but a tv or other expensive gadget like a computer in and of themselves is not evil, as others on this thread suggest.
The only people who would make fun of the FACT that communists have infiltrated America’s government are those who are liberal themselves and blame capitalism for our ills. Capitalism has never been our problem, it’s been our solution!
Thank you, stockpirate.
Ping.
“The Answer: It’s a financial panic. America has been through them before. 1812, 1869, 1929, 1987...to name just a few.”
Thank you. I will keep repeating that to myself when I hear all these alarming explanations that tend to through you into temporary depression.
How about the government taxing us to death. If they only taxed for what they were suppose to individuals wouldn’t need to go into debt! Let’s put the blame in the correct spot.
geez, it’s the socialist/communsits within our government that spent us to this point.
More likely is that the US will devalue the dollar to be able to carry the debt-burden - "printing new money" essentially. That'll piss China off to no end since it will hit directly at both their main export account and their huge stockpiles of US currency and debt.
It's not like it's unprecedented though. The US essentially defaulted and restructured when Nixon removed the gold standard and you survived that.
If they want to gamble, they should have gone to Las Vegas.
Make no mistake, it’s bad. Actually it’s very bad and they’ll be a lot of financial suffering. But it isn’t the end of America.
The most interesting thing, of course, is that most writing about it is intended to fix blame on some rascal and not explain it.
>>>There’s nothing left for the left to take control of. The multi-nationals own Congress lock, stock, and barrel.<<<
The only thing left is me and you.
geez, it’s the socialist/communsits within our government that spent us to this point.
That’s what I thought you meant.
There are times when nothing else will do.
That was my mantra to the many politicians and CEOs in regards to NAFTA and other "Free Trade" swindles. "You're laying off each others' customers, so who will buy your products?" I'd get dead silence or a condescending "Free Trade is good" line of b/s.
Then our government will start over with a new currency called the Amero and a new government called the North American Union.Nutcase stuff. Pure drivel. Fearmongering of the worst kind.
bttt
Ping
“We have one credit card and pay off the balance each month.”
It’s safer to have 5 credit cards and then pay off the one you use each month. You’ll have a higher credit rating, and will also be protected if the bank that issued your card cancels it for no good reason. Your credit rating is partly based on the percentage of your available credit you use, so it’s good to have a lot of credit and then not use it.
You need to read http://www.reuters.com/article/marketsNews/idCAN1246242620081212?rpc=44 so that you might understand that the USA is Canada’s largest customer. Economically, what happens here also happens in Canada.
>America is almost broke and will likely default on loans secured from foreign countries by Spring.
This is a demonstratively false statement. It is impossible for the US to default in dollar debt.
The only thing that can happen is that foreigners may be unwilling to acquire US debt.<
Tell us what happens when other countries refuse to accept the US Dollar as payment.
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