Soon, our debt will surpass our GDP (if it hasn't already).
http://www.treasurydirect.gov/NP/BPDLogin?application=np
It's official: The US is in $15,033,607,255,920.32 of debt
- Thread starter Autobot8655
- Start date
Soon, our debt will surpass our GDP (if it hasn't already).
http://www.treasurydirect.gov/NP/BPDLogin?application=np
I have sent 32 cents via Paypal in this your urgent time of need
Soon, our debt will surpass our GDP (if it hasn't already).
http://www.treasurydirect.gov/NP/BPDLogin?application=np
I'm trying to understand, help me understand what you see funny, your pocket will be negativity affected like everybody in the US.
It's not about "my pockets".
It is about justice.
It's about the needed fall of a belligerent empire that has killed millions of people over the last 70+ years.
Believe me we will survive....but that paradigm shift is coming.
Wtf is wrong with you dumb asses wanting to see the fall of the US
This is just an asinine statement esp because you live in America..I can't stand idiots who go against the grain so much that they end up looking like dumb fucks..
Wtf is wrong with you dumb asses wanting to see the fall of the US
This is just an asinine statement esp because you live in America..I can't stand idiots who go against the grain so much that they end up looking like dumb fucks..
Bruh....you are a moron.
When did black people get like this?
America is the current stronghold of white supremacy and racism that oppresses the entire world through force and lies.
You don't want justice for nonwhites who are being oppressed by systemic racism?
........and if you are stupid enough to ignore the inevitable downfall of the United States....then you deserve the full extent of what will happen to the US in the very near future after:
The US dollar is no longer the WRC.
The US dollar is no longer the "petro-dollar".
Prepare yourself.....instead of looking like a dumb-ass who can't see the forest for the trees.
So you think when this belligerent empire falls taking you, me and every US citizen along with the world's economy into the tank with it, this is justice.
You say its not about your pockets but it is, its a quality of life issue. Careful what you wish for you just might get it.
So you think when this belligerent empire falls taking you, me and every US citizen along with the world's economy into the tank with it, this is justice.
You say its not about your pockets but it is, its a quality of life issue. Careful what you wish for you just might get it.
The world economy will restart but in a new fashion.
People who live a sustainable lifestyle will survive.
Those who do not.....not so much.
The US will not be as it is today.
You are not preparing for this change...even though it is inevitable?
The mathematics says that the US will collapse under the weight of this debt.
If you are not personally preparing....then
Would you prefer to sit and deny the numbers and what they mean to the world?
Are you buying silver and gold?
Are you buying water and nonperishable food items?
Do you know how to grow food?
Do you have a passport (because there will be places better off than the US)?
For real....why sit and deny what is in our faces?
Soon, our debt will surpass our GDP (if it hasn't already).
http://www.treasurydirect.gov/NP/BPDLogin?application=np
Looks like it already did.
Bush fucked up.
Last edited:
Wtf is wrong with you dumb asses wanting to see the fall of the US
This is just an asinine statement esp because you live in America..I can't stand idiots who go against the grain so much that they end up looking like dumb fucks..
This is pretty much the thought pattern of the GOP. Fuck America this black president must fail.
Notice the reference to the paradigm shift. This is what republicans want a change. Change in governmental approach to doing business. Back to the way things were under Bush.
This is pretty much the thought pattern of the GOP. Fuck America this black president must fail.
Notice the reference to the paradigm shift. This is what republicans want a change. Change in governmental approach to doing business. Back to the way things were under Bush.
You cant be serious
.Cats are still stuck in this blue/red fallacy bullshit.
The GOP are as much to blame as the democrats.
Regan was the first to run major deficits.
Regan was also the first to get US debt over a trillion dollars.
Every president since then has done the same (Clinton hid his activities better by pillaging social security).
The problem is deficit spending and wasting the American people's money on global adventurism.
The US needs to downsize our army, close our bases, stop spending more than we bring in and get out of other countries affairs....or the collapse will come faster.
America fell along time ago, where you been????
Last edited:
What else can we do to survive money wise?
Wtf is wrong with you dumb asses wanting to see the fall of the US
This is just an asinine statement esp because you live in America..I can't stand idiots who go against the grain so much that they end up looking like dumb fucks..
Actually hoping America fails means you're enlightened and knowledgeable on this board. If you don't wish for it's demise then you are not a "real" Black man and you are brainwashed. The funny thing is that if there was a complete economical collapse and we were cast into a scene from Mad Max, most of these kats aren't even prepared. It's easy to sit back and talk but when faced with the end of our way of life I promise you a different tune will be sung.
This thread starter is clueless.
Too many of "our" companies are based elsewhere. If we can take these huge corporations, we will continue to spiral out of control. And that's just one of many issues.
This thread starter is clueless.
? Fact isn't clueless brotha. He's been spot on with what he's said.
Save, save, and save. Cut out any unnecessary luxuries now, and penny pinch as much as you can. Even though a dollar might render next to nothing in a collapse, you'd like to have some extra in case it's worth %0.03.
Penny pinch worthless fiat money?
sheeeit! I was saying the same thing. I've been stacking my money but I will literally go crazy if $ is worthless.
Last edited:
I get their angst but that shit is clearly misplaced. The thread tries to imply debt matters when it never has and never will. Look at Japan's debt, if they aren't afraid why should Americans? And what country doesn't run an excessive deficit?
This thread is pure sensationalism.
Penny pinch worthless fiat money?
Don't tell me you'd prefer no water than to have an almost empty bottle in the middle of the desert... I know what i'd go after, but that's just me.
I never said it was a concrete plan. Just another course of measure. Maybe you can explain to me the benefits of being with absolutely nothing a little more.
I have little to gain in explaining why your fear/hope of the demise of the USA is irrational. Just buy your gold, your bullets, and whatever your little mind can come up with.
Bullshit bruh...let me explain why.
There are 2 reasons.
1. Japan's debt is held by the Japanese people. Foreigners hold approximately 40% of our debt.
2. The second factor that you overlook is that the Yen is not the world reserve currency or the petro dollar. As the Fed prints more fiat, the dollar loses its value. Eventually, other countries will not appreciate the loss in value of their holdings and they will repatriate their US dollars or demand a new world reserve currency.
Where have you been?
This has been major news for the last 2 years.
Your Japan comparison is completely out of balance.
In case you didn't know, the IMF is talking about expanding SDRs, and China is excited.
Some people think that China will unload its dollar holdings onto the SDRs.
========================evidence=====
http://www.reuters.com/article/2011/11/11/us-imf-sdr-idUSTRE7AA53Y20111111
(Reuters) - The International Monetary Fund is discussing ways to broaden the currency basket that makes up its Special Drawing Rights unit of account, part of broader efforts to modernize the global monetary system.
The IMF's decision-making board met on October 28 to discuss options for broadening the basket to include currencies such as the Chinese yuan.
Such changes would reflect the growing role emerging economies such as China, India and Brazil are playing in the world economy.
The SDR is currently composed of the U.S. dollar, British sterling, the euro and the Japanese yen.
During the board discussion, the IMF said some directors cautioned that the bar for newcomers to join the currency basket should not be lowered and it was important to safeguard the SDR as a reserve currency.
Among the drawbacks for the Chinese yuan is that the currency is not considered freely traded and China's capital markets are largely closed. Therefore, it does not qualify under the SDR's current criteria as "freely usable."
One option the IMF is considering is to replace the "freely usable" criteria. "(IMF) directors were open to exploring alternatives to the 'freely usable' criterion, " the IMF said.
The IMF board said the size of the SDR basket should remain "relatively small to avoid adding undue costs and complexity for SDR users".
There were also discussions about whether a new currency would replace or be added to the existing SDR basket, however, directors agreed that could be assessed on a case-by-case basis.
The SDR is itself not a currency and is only used as a reserve asset by central banks. It is not available to the private sector.
There is an ongoing debate among global policymakers over the U.S. dollar's status as the main global reserve currency, with some emerging economies arguing that the SDR should play a greater role.
In 2009, the Group of 20 authorized $250 billion worth of SDRs to be issued among the IMF's member countries to boost global liquidity, ensuring countries have easier access to foreign exchange funding.
Currently, the euro zone is talking about pooling its SDRs to help fight the sovereign debt crisis.
Lol @ "hope." Well done.
I was hoping you'd explain Japan's 200% debt-to-GDP, so I could punch holes in your theory, but no worries.
I'm off to buy bullets and canned goods.
3. Lest we forget that little manufacturing thing they do in-house as well.
You cant be serious
Cats are still stuck in this blue/red fallacy bullshit.
The GOP are as much to blame as the democrats.
Regan was the first to run major deficits.
Regan was also the first to get US debt over a trillion dollars.
Every president since then has done the same (Clinton hid his activities better by pillaging social security).
The problem is deficit spending and wasting the American people's money on global adventurism.
The US needs to downsize our army, close our bases, stop spending more than we bring in and get out of other countries affairs....or the collapse will come faster.
Well forget closing the bases especially Gitmo. I do believe that idea was rejected. Even though its cost is 136 million a year to operate. Who rejected that idea?
So what are your solutions to the ills that are plaguing America? Remove the remaining Democrats from office? Oust the existing president? I'm sure both would be high on your list.
For months now you've been skipping along posting gloom and doom tidbits on the Democrats, the President and the economy. So how would you fix whats wrong? This country has now undergone 11 straight years of negative growth. Like it or not this is our home. What's wrong needs to be resolved.
Here you go again with the same democrat/republican bullshit.
I have been ranting about president Obama who is the current president of the United States of America.
My angst is with the United States of America and Obama just so happens to be the president.
That offends you?
If George Bush, or any republican, was doing the same shit, I would rant against him.
let me guess...you would have cosigned me then, huh?
This is not Doom and Gloom.
These are facts.
I did not say a damn thing about Obama and the debt.
Only a moron would lay the debt load on a single presidency.
I blame them all the same.
Matter of fact....I mentioned how Reagan was the first to get the debt over $1 trillion.
Did you see that post?
This is not about Obama, or any other puppet/figure head in the oval office.
This is about discussing the inevitable financial disaster of the United States of America...and the American people.
If you don't like hearing about it....then put me on ignore or don't come into my threads.
====== My solutions to the debt problem=======
1. Close military bases around the world and bring our troops
2. Stop all overt and covert military action across the globe and bring our troops home
3. Stop giving aid to foreign countries.
4. Stop borrowing money from a private bank to finance deficit spending
5. Downsize government
6. Limit congress people to two terms.
7. Identify and close loopholes that limit the competition of the United States that exist in GATT, NAFTA and the new free trade agreements that congress just signed.
That is a start ^^^^^^
Tell me.....what do you suggest to solve our debt problems?
Let me guess:
thanks for this
===edit
Look at the interest on the debt!!!!!!
Man....interest rates have been at all time lows for about 3 years!!!
What happens when the FED increases interest rates?
Yeah i'm a moron because i dont want the country I live in to fall...OKBruh....you are a moron.
When did black people get like this?
America is the current stronghold of white supremacy and racism that oppresses the entire world through force and lies.
You don't want justice for nonwhites who are being oppressed by systemic racism?
........and if you are stupid enough to ignore the inevitable downfall of the United States....then you deserve the full extent of what will happen to the US in the very near future after:
The US dollar is no longer the WRC.
The US dollar is no longer the "petro-dollar".
Prepare yourself.....instead of looking like a dumb-ass who can't see the forest for the trees.
Similar threads
