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5 Things That Will Happen To You When America Goes Bankrupt

Discussion in 'Political Issues' started by JBnTX, Apr 8, 2012.

  1. JBnTX

    JBnTX Texas

    19,737
    3,810
    Aug 28, 2008
    Texas
    That's if the gloom and doomers are correct?



    5 Things That Will Happen To You When America Goes Bankrupt
    http://townhall.com/columnists/john..._to_you_when_america_goes_bankrupt/page/full/

    1) Your life savings could be reduced to nothing almost overnight.

    2) Your taxes will skyrocket.

    3) Your life could be in danger.

    4) Your payments from the government will dramatically decrease or stop altogether.

    5) You will have a dramatically reduced standard of living.
     

  2. DOC44

    DOC44

    15,726
    4,734
    Jan 10, 2004
    in my recliner
    Darwin would rule.

    Doc44
     
  3. snerd

    snerd

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    Oklahoma
    Just tell me that there will be no more cell phone service! :devildance:
     
  4. NMG26

    NMG26

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    Jul 24, 2010
    NM
    If it don't work, we are going to have to fix it sooner or later.
     
  5. RCP

    RCP

    3,509
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    Jul 2, 2007
    Celina, TX
    I'm still young enough that I don't have alot to lose in the way of life savings and I don't receive any kind of payments from the government. I have a pretty secure field of work and have plenty of guns and ammo.
     
  6. michael e

    michael e

    2,811
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    Nov 20, 2010
    I get no money from the government.
    I have little in savings as I am trying to pay everything off, down to house and student loan only.
     
  7. Vic777

    Vic777

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    This will all happen if Obama gets re-elected and gets more "Space".
     
  8. Vic777

    Vic777

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    Jan 23, 2006
    Unless you work for the Government with Ten years seniority you might rethink your job security and buy more ammo.
     
    Last edited: Apr 8, 2012
  9. #6. The typical American voter will demand that their government save them. Their government will agree to, however, it will insist that the constitution be suspended so that it can "fairly" implement the harsh measures necessary to save them. The people will agree and the totalitarian America will finally achieve it's full measure of success.

    And American Idol will return for a 12th season. The people will be pleased.
     
  10. RCP

    RCP

    3,509
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    Jul 2, 2007
    Celina, TX
    Nope don't work for the government, I'm a healthcare provider. Although I do agree you can never have enough guns and ammo.:supergrin:
     
  11. ponders

    ponders

    446
    0
    Jun 16, 2011
    Minot ND
    IF and thats a big IF this happens, what are yalls thoughts on when it might happen


    how soon?
     
  12. certifiedfunds

    certifiedfunds Tewwowist

    52,008
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    Apr 23, 2008
    Houston
    Guys, the U.S. government cannot go bankrupt. It can default, but it won't. Both of these are prevented by the power of the printing press.

    The U.S. government today can't pay its obligations without printing money. What you are hypothesizing about has already occurred.
     
  13. Who knows what could or will happen probably very little other than the government tightening the strangle hold on your finances and freedoms. We are already sliding down hill and very few people seem to notice and even fewer seem to care. Or maybe a Rhodesia economical melt down and sky high inflation (without blacks taking over or the killing of the white farmers) but I doubt that it will be ether as fast or as defined as that.
     
  14. Javelin

    Javelin Got Glock? Silver Member

    13,775
    3
    Feb 9, 2008
    N. Dallas
    They are working on it apparently... and apparently today...

    :steamed:
     
  15. Flying-Dutchman

    Flying-Dutchman

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    Oct 10, 2007
    The link in the link about German Weimar Republic inflation in 1923 was most interesting.

    http://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_germanhyperinflation.html

    The large corporations were unscathed.

    Years of strong inflation preceded hyperinflation.

    Young people spent and were not affected.

    Pensions and savings of a lifetime were wiped out never to recover.

    Leading economists before the hyperinflation declared “no need to worry, the money is sound”

    People invested in gold and “safe land” outside the cities.

    Hyperinflation lasted only a short time and then they reset the currency.