Worst Congress ever?
Oct 23, 2006 | 09:15 PM
#11
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Worst Congress ever?
Originally posted by: ATVHades
georged
You are saying the rich and poor? I would have to disagree. If the dollar crumbles anyone's wealth becomes worthless. If we do fall into a depression it will be a worldwide depression with a new economic reform. The new economic reform will pave the way to a new world wide leader. The USA is the last nation holding the wealth of the world before the next major economic social power comes into effect. To make a long drawed out post.....we will become broke and all the rich people that invest in dollars will be broke as well. As you can see how the influences of a few that can grasp the social economic power of the world and be forced to either accept the new economic system or be ignored. The whole world is moving at a rapid pace towards a cashless society. I would say within the next 20 to 30 years there will be a 1 world government.
Let's say I am mistaken with my post above then the only outcome will be that the USA being so heavy laden in debt will be under recall of nations that want to collect upon treasury notes. There are several nations that are starting to balk at loaning more money for the US government and Japan has already warned us about borrowing heavily from them. The bottom line it doesn't matter if you are rich in terms of USA dollars or perhaps a millionarie. We are all broke and dependant upon other nations in terms of finances. I suspect once we arrive at that point we will probably start wars with many nations. We do still have the military power to wreck havoc without using nuclear. I suspect Russia will roll the dice and finish us off with a surprise nuclear attack. There isn't any nation on the face of the earth that can match the military prowess of the USA, but be forced to restort to nuclear power. Most nations realize this and are already underway developing their nuclear weapons. How do you think China has had the ability to develop a space program and reliable rockets to reach orbit? We gave them the technology to help erase some of the USA debt to China. We are stupid as a nation on how we govern ourselves with suicidal methods.
georged
The US is no different than any other declining empire; prepare yourselves for two distinct social structures, the haves and the have-nots.
Let's say I am mistaken with my post above then the only outcome will be that the USA being so heavy laden in debt will be under recall of nations that want to collect upon treasury notes. There are several nations that are starting to balk at loaning more money for the US government and Japan has already warned us about borrowing heavily from them. The bottom line it doesn't matter if you are rich in terms of USA dollars or perhaps a millionarie. We are all broke and dependant upon other nations in terms of finances. I suspect once we arrive at that point we will probably start wars with many nations. We do still have the military power to wreck havoc without using nuclear. I suspect Russia will roll the dice and finish us off with a surprise nuclear attack. There isn't any nation on the face of the earth that can match the military prowess of the USA, but be forced to restort to nuclear power. Most nations realize this and are already underway developing their nuclear weapons. How do you think China has had the ability to develop a space program and reliable rockets to reach orbit? We gave them the technology to help erase some of the USA debt to China. We are stupid as a nation on how we govern ourselves with suicidal methods.
I have heard that the multi-national corporations pulled together have enough wealth to pay off our national debt 7 times over.....so what was this about everybody being broke again?
Oct 23, 2006 | 09:28 PM
#12
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Worst Congress ever?
another good news outlet is found here
http://www.airamerica.com/ringoffire/
available in podcast....
these guys are democrats but are not afraid to admit the truth of how things are corrupt in both parties
http://www.airamerica.com/ringoffire/
available in podcast....
these guys are democrats but are not afraid to admit the truth of how things are corrupt in both parties
Oct 24, 2006 | 10:19 AM
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Worst Congress ever?
I have heard that the multi-national corporations pulled together have enough wealth to pay off our national debt 7 times over.....so what was this about everybody being broke again?
To pay off the national debt, theoretically over one-half of the major US public companies would have to be liquidated. To do that, they'd have to be nationalized by the government. To nationalize them would essentially take them from public ownership and make them the property of the US government for purposes of liquidation. Which would destroy equity markets, making all public companies worth maybe 10% of capitalization, or $1.4-trillion in a fire sale. That won't solve US problems, the solution being more disastrous than the problem, to say nothing of the public riots and USD crash that would accompany nationalization.
The problem is the apathetic and ignorant US Public allowing its scum leadership the freedom to loot public funds for special interests while enriching themselves. I don't find that real surprising as most of the general public lives in an ocean of personal debt barely keeping their heads above water, a paycheck or two away from financial disaster.
Oct 24, 2006 | 10:29 AM
#16
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Worst Congress ever?
[quote]
Originally posted by: ATVHades
georged
You are saying the rich and poor? I would have to disagree.
I have also heard that the U.S. now ranks third in the world for income disparity among nations. Only Former russia and mexico beat us out now.....???
Originally posted by: ATVHades
georged
The US is no different than any other declining empire; prepare yourselves for two distinct social structures, the haves and the have-nots.
I have also heard that the U.S. now ranks third in the world for income disparity among nations. Only Former russia and mexico beat us out now.....???
Oct 24, 2006 | 10:41 AM
#17
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Worst Congress ever?
[quote]
Originally posted by: squeege
Your post contradicts itself. Income disparity is a very few holding the wealth; haves and have-nots. Majority of the personal wealth in the US is held by 2% of the population. 10% of the US population pays the majority of personal income taxes. The rest live on debt supplementing income (the housing bubble and credit cards being a prime example) or below the poverty line.
Originally posted by: squeege
Originally posted by: ATVHades
georged
You are saying the rich and poor? I would have to disagree.
I have also heard that the U.S. now ranks third in the world for income disparity among nations. Only Former russia and mexico beat us out now.....???
georged
The US is no different than any other declining empire; prepare yourselves for two distinct social structures, the haves and the have-nots.
I have also heard that the U.S. now ranks third in the world for income disparity among nations. Only Former russia and mexico beat us out now.....???
Oct 24, 2006 | 10:52 AM
#18
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Worst Congress ever?
You are saying the rich and poor? I would have to disagree>>>>>This line was posted back 12 posts ago from ATVHades
That first line was a quote from ATVHades
I was trying to figure out why ATVHades
would say that?
That first line was a quote from ATVHades
I was trying to figure out why ATVHades
would say that?
Oct 24, 2006 | 10:57 AM
#19
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Worst Congress ever?
Originally posted by: squeege
You are saying the rich and poor? I would have to disagree
That first line was a quote from you!
I was trying to figure out why you would say that?
You are saying the rich and poor? I would have to disagree
That first line was a quote from you!
I was trying to figure out why you would say that?
