US Government Runs Out of Money

kgi said:
If the US collapses you can kiss China goodbye as well.



You'd better make yourself comfortable as it might take a while.
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I think it will be in the next 100 years myself. Its a rubbish system that a lot of top academics admit is fundamentally flawed. These are some of the guys credited with fashioning the very ideas that current business is built on. Its always boom and bust, we never learn from the mistakes of the past and become more intolerant of drops in living standards as time passes.

The entire financial economy is a joke but as long as we have a system that allows people to make vast quantities of money with no repercussions or personal responsibility for the negative consequences, we will keep booming and busting.
 
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If you really want to keep up with how bad it is in America follow Gerald Celente on his you tube channel. Gerald is a trends forecaster. He has a proven track record. He has predicted things like stock market crashes, dot com bubble and burst, the prime mortgage scandal, etc. He does not claim to be a psychic or anything. Also he is not a conspiracy theorist lol. He bases his predictions on what the governments are telling us, what is actually happening in the world, what has happened in the past etc.

Currently America has 20 million empty homes. Mostly due to repossessions.

Unemployment is about 23%. Not the 12% official figures say.
 
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Vibein said:
They have been bankrupt for a while, but the printing machine keeps on going with roadrunner at the helm.
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+1. They just keep on printing money they don't really have. The rest of the world is waking up though. Governments are switching their reserve currency from dollars. Some say the dollar will be dead by the end of 2012. Also Gerald says the Euro is finished. Good job we never switched to the Euro.
 
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zo1d said:
As far as I'm aware no one actually knows how much gold America has in Fort Knox....

http://moneywatch.bnet.com/economic-news/article/is-there-gold-in-fort-knox/385523/

When the U.S. finished building Fort Knox in 1937, the gold was shipped in on a special nine-car train manned by machine gunners and loaded onto Army trucks protected by a U.S. Cavalry brigade. And the fort has been pretty much off limits since then. A U.S. Mint spokesman said in an email statement to MoneyWatch that the accounting firm KPMG, which audits the Mint, “has been present in the vault at Fort Knox.” The Mint won’t comment on exactly how much gold is in there, though.

That’s why Ron Paul (R-Texas), a 2008 presidential candidate known for his libertarian streak, wants to have a look around. Paul introduced a bill to audit the Federal Reserve, which includes Fort Knox’s gold.
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From the horses mouth, so to speak; http://www.usmint.gov/about_the_mint/fun_facts/index.cfm?action=fun_facts13

Sure they could be lying, but unless you have any other references I'm happy to assume it's correct.
 
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cu3ed said:
ANd yes, not one American cares for the us poeple that live in pretty bad shape, hence such a stance against a universal health system, if your a workign American they dont believe that any other American should be out of work, so why do I have to pay for them atitude.
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The USA spends $600 more per person on health care than UK, that is from GOVERNMENT spending.

That's right, they spend more TAX DOLLARS per person than UK and don't have universal health care while we do.
 
America has high inflation at the moment. Forget the official figures. The inflation in America due to the decline in the dollars value. Goods are getting very costly in America. Especially things like food. Some people are saying in a year or so a lot of Americans will be going hungry. Not because of a shortage of food but because the prices will be so high people will be unable to afford to buy them. It has already started. One guy reported a packet of toilet rolls was $6. The next week when he went to buy some they were $9. Another guy reported a bulb of garlic went up 100% in price in a week. There are loads more examples of things vastly increasing in price.

If I was a Brit and lived in America I would be making plans to get out.

http://www.prisonplanet.com/16-new-...-the-past-12-months-and-they-are-all-bad.html

http://www.huffingtonpost.com/robert-scheer/the-great-american-sticku_b_715928.html

http://www.prisonplanet.com/feeling...onomy-that-will-make-you-feel-even-worse.html
 
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[TW]Fox;18858531 said:
Yea, because our currency is so strong compared to the dollar that we wont face any of the same imported inflation problems :rolleyes:
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I know we will get it as well. I would just prefer to be in UK rather then the US when the s*** hits the fan.
 
fez said:
I think it will be in the next 100 years myself. Its a rubbish system that a lot of top academics admit is fundamentally flawed. These are some of the guys credited with fashioning the very ideas that current business is built on. Its always boom and bust, we never learn from the mistakes of the past and become more intolerant of drops in living standards as time passes.
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Capitalism is the default. It's basically human nature. Anywhere that tries something different always has a thriving capitalist black market underneath.

It's like saying heterosexuality won't last another 100 years.
 
ennogs said:
America has high inflation at the moment. Forget the official figures. The inflation in America due to the decline in the dollars value. Goods are getting very costly in America. Especially things like food. Some people are saying in a year or so a lot of Americans will be going hungry. Not because of a shortage of food but because the prices will be so high people will be unable to afford to buy them. It has already started. One guy reported a packet of toilet rolls was $6. The next week when he went to buy some they were $9. Another guy reported a bulb of garlic went up 100% in price in a week. There are loads more examples of things vastly increasing in price.

If I was a Brit and lived in America I would be making plans to get out.

http://www.prisonplanet.com/16-new-...-the-past-12-months-and-they-are-all-bad.html

http://www.huffingtonpost.com/robert-scheer/the-great-american-sticku_b_715928.html

http://www.prisonplanet.com/feeling...onomy-that-will-make-you-feel-even-worse.html
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What's causing the increases isn't exactly inflation, it's investors buying commodities (something made a lot easier with the introduction of ETFs) out of the fear of inflation. Sort of a self fulfilling prophecy!

Millions of people buying corn/wheat/cattle/cocoa indexes as easy as buying Apple stock and oh no food prices are increasing!!!
 
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