close

Privacy guaranteed - Your email is not shared with anyone.

5 Things That Will Happen To You When America Goes Bankrupt

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

  1. JBnTX

    JBnTX

    Messages:
    22,847
    Likes Received:
    9,176
    Joined:
    Aug 28, 2008
    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. G17Jake

    G17Jake

    Messages:
    6,667
    Likes Received:
    1,480
    Joined:
    Sep 13, 2002
    Sounds like fun.
     

  3. DOC44

    DOC44

    Messages:
    15,726
    Likes Received:
    4,737
    Joined:
    Jan 10, 2004
    Location:
    in my recliner
    Darwin would rule.

    Doc44
     
  4. snerd

    snerd Horselover Fat

    Messages:
    18,975
    Likes Received:
    14,615
    Joined:
    Apr 20, 2007
    Location:
    Oklahoma!
    Just tell me that there will be no more cell phone service! :devildance:
     
  5. NMG26

    NMG26

    Messages:
    7,927
    Likes Received:
    621
    Joined:
    Jul 24, 2010
    Location:
    Colorado
    If it don't work, we are going to have to fix it sooner or later.
     
  6. rgregoryb

    rgregoryb Amerikaner

    Messages:
    8,601
    Likes Received:
    1,722
    Joined:
    Oct 20, 2004
    Location:
    Republic of Alabama
    no more GT............
     
  7. RCP

    RCP

    Messages:
    3,509
    Likes Received:
    11
    Joined:
    Jul 2, 2007
    Location:
    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.
     
  8. michael e

    michael e

    Messages:
    2,811
    Likes Received:
    3
    Joined:
    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.
     
  9. Vic777

    Vic777

    Messages:
    3,969
    Likes Received:
    1,141
    Joined:
    Jan 23, 2006
    This will all happen if Obama gets re-elected and gets more "Space".
     
  10. Vic777

    Vic777

    Messages:
    3,969
    Likes Received:
    1,141
    Joined:
    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
  11. GLOCK17DB9

    GLOCK17DB9

    Messages:
    1,285
    Likes Received:
    1
    Joined:
    Dec 30, 2011
    Location:
    Troy, MI
    I just hope I have enough ammo.:supergrin::supergrin:
     
  12. certifiedfunds

    certifiedfunds Cosmopolitan Bias

    Messages:
    62,281
    Likes Received:
    15,893
    Joined:
    Apr 23, 2008
  13. beforeobamabans

    beforeobamabans FYPM

    Messages:
    5,596
    Likes Received:
    5
    Joined:
    Jan 8, 2009
    Location:
    Crossroads of America
    #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.
     
  14. JK-linux

    JK-linux

    Messages:
    3,961
    Likes Received:
    591
    Joined:
    Mar 5, 2009
    .....
     
    Last edited: May 21, 2012
  15. RCP

    RCP

    Messages:
    3,509
    Likes Received:
    11
    Joined:
    Jul 2, 2007
    Location:
    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:
     
  16. ponders

    ponders

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


    how soon?
     
  17. certifiedfunds

    certifiedfunds Cosmopolitan Bias

    Messages:
    62,281
    Likes Received:
    15,893
    Joined:
    Apr 23, 2008
    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.
     
  18. Big Mad Dawg

    Big Mad Dawg

    Messages:
    4,094
    Likes Received:
    4
    Joined:
    Sep 16, 2006
    Location:
    South Dakota
    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.
     
  19. Javelin

    Javelin Got Glock? Silver Member

    Messages:
    13,775
    Likes Received:
    4
    Joined:
    Feb 9, 2008
    Location:
    N. Dallas
    They are working on it apparently... and apparently today...

    :steamed:
     
  20. Flying-Dutchman

    Flying-Dutchman

    Messages:
    6,759
    Likes Received:
    1,647
    Joined:
    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.