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Old 02-15-2013, 11:24   #26
mgs
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Argentina... should give you a good idea.
Agree. Could happen.
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Old 02-15-2013, 11:36   #27
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my guess, nothing. Nothing at all
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Old 02-15-2013, 11:55   #28
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my guess, nothing. Nothing at all
Hardly.
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Old 02-15-2013, 12:00   #29
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Agree. Could happen.
Tagging FerFAL. It's been awhile since he's been here. I wished that he would show up.
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Old 02-15-2013, 12:04   #30
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my guess, nothing. Nothing at all
If hyperinflation wipes out the savings of most people, someone will have to pay.

Just like when the Twin Trade Towers fell, someone had to pay and they did.
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Old 02-15-2013, 12:09   #31
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If hyperinflation wipes out the savings of most people, someone will have to pay.

Just like when the Twin Trade Towers fell, someone had to pay and they did.
Pension plans, banks, SS, Medicare, the fed, all have balance sheets stuffed full of govt debt

If they fully default all that goes to zero........ And unleashes a little problem known as credit default swaps.

So nothing isn't an option . There is bad, really bad, and the book of revelations.

Last edited by SouthernRaider; 02-15-2013 at 12:10..
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Old 02-15-2013, 12:12   #32
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Tagging FerFAL. It's been awhile since he's been here. I wished that he would show up.
I've been posting his story and stuff when ever appropriate...
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Old 02-15-2013, 12:17   #33
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We sell China West Virginia coal for their steel making processes. WV coal is extra special compared to that dirty Montana and Wyoming coal. However, that coal is good enough for Chinese power plants.

Germany also wants WV coal. They are shutting down all their nuclear power plants and are looking at the Hatfield and McCoy families to help them out.

Japan loves our beef. So does Italy. Switzerland imports about half their food.

We don't have to buy German or Japanese cars. Computer factories could be re-started here in the USA. We still have chemical plants. WE export gasoline to other countries.

The US is a lot more independent than many people think.
You prepared to work in a real economy? One based on real production of coal, beef, rice, and timber?

This funny money economy based on debt, healthcare, and wal mart will reset to something most are not prepared for.
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Old 02-16-2013, 08:25   #34
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We will have to change our name to The Republic Of China.
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Old 02-16-2013, 08:31   #35
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What will happen when the US defaults on the national debt?

Collection agencies will be auto-dialing the White House day and night.
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Old 02-16-2013, 08:44   #36
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I'm surprised that no one seems to be covering this, not even Fox News.
Welcome to reality.

The Banksters run the show, including the networks, the politicians, religions, and the war machine. This has been going on for millennium.

And the Banksters are run by....the reptilians! But times they are a changin. Hang on tight. It's going to be a wild ride.
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Old 02-16-2013, 08:49   #37
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We will be taken over by the U.N.
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Old 02-16-2013, 14:21   #38
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Hardly.
Wrong
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Old 02-17-2013, 07:23   #39
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Wrong
So you think the US can just default on its funny money debt and nothing will happen?

Last edited by SouthernRaider; 02-17-2013 at 07:52..
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Old 02-17-2013, 08:57   #40
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You prepared to work in a real economy? One based on real production of coal, beef, rice, and timber?
Just because you don't understand something doesn't change its value. There are lots of "real" things other than "coal, beef, rice and timber"--both real services, and real manufactured goods. The US is at the forefront of making both.

Quote:
This funny money economy based on debt, healthcare, and wal mart will reset to something most are not prepared for.
Debt, in basically its modern form, has been around for six hundred years. Economies have been based on them since there have been what we think of as "economies."

The fact is, things are going to be bad, but not Mad Max bad. We're going to continue to have inflation. People with incomes fixed in nominal dollars are going to get hammered. We're not going to default on our debt.
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Old 02-17-2013, 11:09   #41
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If some of you actually live in this bubble of fear and paranoia and aren't just doing a bit of "chain pulling" then I really feel for you. Go outside. Take in a show. Travel. There is more to life than hoarding ammo and Vienna sausage.

I wonder what the folks who spent every last penny on shelters and provisions for the inevitable 1950's global nuclear war thought as they lay dying, penniless. They may have died at the same age as their non-prepping counterparts, but I bet their life was a lot less fun.
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Old 02-17-2013, 11:20   #42
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The fact is, things are going to be bad, but not Mad Max bad.
Damn. I was hoping to be able to wear my Humungus costume on days other than halloween.
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Old 02-17-2013, 11:28   #43
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First state on the auction block is California . Sell them off first :-) But it only comes with the politicians . We get to keep the good people .

Seriously just google Weimar Germany , we are following the same path
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Old 02-17-2013, 12:05   #44
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So you think the US can just default on its funny money debt and nothing will happen?
Think that's exactly what I said. So yea.
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Old 02-17-2013, 13:02   #45
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Think that's exactly what I said. So yea.
Study up on credit default swaps and get back to me.
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Old 02-17-2013, 13:04   #46
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Just because you don't understand something doesn't change its value. There are lots of "real" things other than "coal, beef, rice and timber"--both real services, and real manufactured goods. The US is at the forefront of making both.



Debt, in basically its modern form, has been around for six hundred years. Economies have been based on them since there have been what we think of as "economies."

The fact is, things are going to be bad, but not Mad Max bad. We're going to continue to have inflation. People with incomes fixed in nominal dollars are going to get hammered. We're not going to default on our debt.
Understand what?

How to cut pulpwood and bale hay? Been there and done that.

The urbanites are the ones in for a rude awakening.........
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Old 02-17-2013, 16:13   #47
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Study up on credit default swaps and get back to me.
So what happened the last time America defaulted? Oh yea it's never happened so your just guessing. You can be wrong all you want, it's fine. I don't hold it against you

Nothing will happen, not even close.
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Old 02-17-2013, 17:36   #48
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So what happened the last time America defaulted? Oh yea it's never happened so your just guessing. You can be wrong all you want, it's fine. I don't hold it against you

Nothing will happen, not even close.
Do you know what a CDS is?
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Old 02-17-2013, 17:43   #49
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The Feds will keep printing just enough money to keep the creditors off our backs. There will be no default, but hyperinflation is possible. US Citizens will be on the chopping block of inflation.

Last edited by Fear Night; 02-17-2013 at 17:45..
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Old 02-17-2013, 17:54   #50
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The Feds will keep printing just enough money to keep the creditors off our backs. There will be no default, but hyperinflation is possible. US Citizens will be on the chopping block of inflation.
At a minimum Medicare and SS are unsustainable.

The unfunded liability numbers are ugly.
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