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re: Am I wrong for thinking we're boned as a country financially?
Posted on 5/28/23 at 11:09 am to TrueTiger
Posted on 5/28/23 at 11:09 am to TrueTiger
quote:
That's the fear porn we keep hearing.
It's starting to sound like a 'chicken little' warning.
Why does it sound like this?
We are nowhere near collapse and nothing close to the seed of viable alternative (which will take a couple generations to grow) exists currently.
The fear porn is the promotion that collapse is similar to charges being against Matt Gaetz.
Posted on 5/28/23 at 11:09 am to Thundercles
Yeah, it's pretty much monopoly money until someone gets financially smart enough to overthrow the dollar. The globalist counter to that is to create a digital currency, at which point we pretty much become peasants.
Posted on 5/28/23 at 11:10 am to SlowFlowPro
quote:
There is no alternative.
Yes, in fact there is.
This post was edited on 5/28/23 at 11:21 am
Posted on 5/28/23 at 11:10 am to Thundercles
In isolation? Yes. We’re boned.
The problem is that finance is international. The weird thing is that despite our practically suicidal policies over the past couple decades, most of the rest of the world has been even worse. It’s like we’re running a footrace with our shoes tied together, but our opponents sawed their feet off with a chainsaw. We’re behaving like morons, and yet everyone seems to be somehow, out moroning us.
Our problems, despite our best efforts, pale in comparison to China, Germany, the UK, Russia, Turkey, Iran, Saudi Arabia, Egypt, etc. Even Japan and South Korea are boned long term.
Just about the only nations doing an even remotely competent job right now are France and India, and France is one bad soccer match away from beheading everyone in their government responsible for their success.
The problem is that finance is international. The weird thing is that despite our practically suicidal policies over the past couple decades, most of the rest of the world has been even worse. It’s like we’re running a footrace with our shoes tied together, but our opponents sawed their feet off with a chainsaw. We’re behaving like morons, and yet everyone seems to be somehow, out moroning us.
Our problems, despite our best efforts, pale in comparison to China, Germany, the UK, Russia, Turkey, Iran, Saudi Arabia, Egypt, etc. Even Japan and South Korea are boned long term.
Just about the only nations doing an even remotely competent job right now are France and India, and France is one bad soccer match away from beheading everyone in their government responsible for their success.
This post was edited on 5/28/23 at 11:11 am
Posted on 5/28/23 at 11:11 am to Toomer Deplorable
quote:
that is wholly reliant upon coercive violence to maintain it’s global hegemony.
People recognize this and literally don't care. Fear is the only thing that motivates Americans today.
As long as their credit cards still work, Americans will support the status quo.
Posted on 5/28/23 at 11:13 am to Toomer Deplorable
quote:
Yes, in fact there is.
Again, we switch to the gold standard and the worldwide economic collapse happens more quickly
Posted on 5/28/23 at 11:14 am to SlowFlowPro
defaulting doesn't sound so scary any more like it used to
I've heard it for so long now I'm numb to it I guess.
Or, maybe I'm past caring.
I've heard it for so long now I'm numb to it I guess.
Or, maybe I'm past caring.
Posted on 5/28/23 at 11:15 am to TrueTiger
quote:
defaulting doesn't sound so scary any more like it used to
I've heard it for so long now I'm numb to it I guess.
Well and it's become highly partisan.
Default doesn't sound bad because it's being used as a rhetorical weapon by the DEMs, currently, when we all know if a default happens, it will be because of the DEMs
Posted on 5/28/23 at 11:17 am to Marciano1
quote:
It's pretty remarkable how much we've changed socially in the last five years.
Internet and social media will take it all down.
Posted on 5/28/23 at 11:18 am to Knartfocker
quote:
If you think we're boned, think about our kids and grandkids
This the crazy part. We watched what happened when Greece got thrown into chaos, and we're seeing the French citizens do everything they can to stop themselves from going down that path.
At the path we're on before long the cost to pay interest on the debt will consume an overwhelming majority of tax revenue, meaning the government will have to borrow massively more to pay for the rest of it and they show no sign of spending less. There could be a point where tax revenues no longer even cover interest.
What happens when people start losing faith in the US government and don't buy securities? Print all the money you need to cover debts, US currency becomes worthless.
Bad things ahead.
Posted on 5/28/23 at 11:18 am to Thundercles
Nobody wants to touch social security, Medicare, Medicaid, or defense so yes we're screwed. Instead of going after where the money is being spent they complain about the pennies of snap benefits etc. Until we get serious well just keep sinking
Posted on 5/28/23 at 11:19 am to Thundercles
Given AI and High Tech, and the 'Morality' debate, there is no telling how such affects the old competitive economic models. Just the massive job losses, or even the need or ability to do some sort of societally valuable work is all on the chopping block. And that don't even count the possibility of the 'Alien' factor. Things are going to radically change, and the former models of society will adapt and flow with them. Hopefully, to serve that "pursuit of happiness" which the Founders envisioned...and the "life and life more abundantly" promise of the Lord Jesus Christ.
Posted on 5/28/23 at 11:19 am to SlowFlowPro
I fear that I'm becoming one of those people who don't vote because they think it is a futile gesture.
Posted on 5/28/23 at 11:20 am to DavidTheGnome
quote:
Instead of going after where the money is being spent they complain about the pennies of snap benefits etc.
Because it keeps growing, and what happens when you feed the animals?
Posted on 5/28/23 at 11:20 am to Thundercles
quote:
and we're seeing the French citizens do everything they can to stop themselves from going down that path.
Wait you have to explain this. Aren't there riots promoting Greece-like policies in response to cuts to reasonable policies dealing with a public pension program that isn't sustainable?
Posted on 5/28/23 at 11:21 am to TrueTiger
quote:
I fear that I'm becoming one of those people who don't vote because they think it is a futile gesture.
I may not vote in 2024 for any state or national office.
The only place my vote counts is on the local level.
Posted on 5/28/23 at 11:25 am to RogerTheShrubber
The money printed is to pay for stuff. Our taxes are used to line their pockets. It’s our tip to them for xcking us in the @ss.
Posted on 5/28/23 at 11:30 am to RogerTheShrubber
There are happening below the surface that few are talking about.
BRICS aside, the US FED may be ending its servitude to Europe/DAVOS. The FED has not been in lockstep the ECB this time.
And there is this from JPM -
JPM - LIBOR to SOFR
There are real things going on that will have a greater impact than what is being talked about by the MSM.
BRICS aside, the US FED may be ending its servitude to Europe/DAVOS. The FED has not been in lockstep the ECB this time.
And there is this from JPM -
JPM - LIBOR to SOFR
There are real things going on that will have a greater impact than what is being talked about by the MSM.
Posted on 5/28/23 at 11:31 am to Lakeboy7
quote:
quote:
The problem is our military is the enforcing arm of a monetary system that is wholly reliant upon coercive violence to maintain it’s global hegemony
Where you see a problem I see a solution.
And here we have it folks. This is the reigning ethic of the Deep State: might makes right.
Posted on 5/28/23 at 11:35 am to SlowFlowPro
quote:
Aren't there riots promoting Greece-like policies in response to cuts to reasonable policies dealing with a public pension program that isn't sustainable?
It's a three way fight.
1 Government going down the path of restructuring retirement to stave off disaster a little longer; minor in grand scope but very impactful to a small group of imminent retirees.
2 Imminent retirees who have been paying their whole lives and are about get hosed by the policy change (this will be our Gen X / millenials in a few years) furious and rioting.
3 An even smaller group of younger people with their heads on straight who realize they would be fricked by the future system and are asking for more drastic reductions by the government and clashing with Group 2.
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