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re: Does anyone have a prediction on what happens when the US becomes insolvent?
Posted on 2/12/24 at 12:58 am to tgerb8
Posted on 2/12/24 at 12:58 am to tgerb8
Massive contraction with civil unrest is the most likely outcome.
If no one wants to buy US debt then the government either prints the money to keep things going, or everything starts getting cut.
There is only one guarantee - the govt will choose a course of action that protects itself and hoards more power for itself. That pretty much means more power for government and less freedom for the People.
If no one wants to buy US debt then the government either prints the money to keep things going, or everything starts getting cut.
There is only one guarantee - the govt will choose a course of action that protects itself and hoards more power for itself. That pretty much means more power for government and less freedom for the People.
Posted on 2/12/24 at 2:19 am to POTUS2024
Seems like in that particular scenario, the thing they be shooting for is keeping power at all, i.e. staying in power. A state of nationwide civil unrest isn’t the ideal time to be making jack moves to seize and consolidate even more power. If dire enough a situation, they might be on the receiving end of said jack moves.
Posted on 2/12/24 at 8:47 pm to POTUS2024
quote:
There is only one guarantee - the govt will choose a course of action that protects itself and hoards more power for itself. That pretty much means more power for government and less freedom for the People.
We would either have revolution or a totaliarian government.
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