is the US the next Argentina?

The day is coming where everything you eat will have its roots in Monsanto. This company could single-handedly wipe out the human race.

Quote from jack hershey:

Keep a lot of seeds around or know the local flora and fauna.

Warlords are women; go to the movies more often.

The hierarchy is money, power information.

A neat recent book is about fighter pilot of the vietnam era.

He was a german youth who came to America. Post WWII his mother taught him to live off the land in Germany before he immigrated and joined the Navy.

One of the fun things about doing Sierra Club work projects is serving or' doevres each evening before dinner. The desert is an endless supply of food.

Information is the source of immunity.
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Quote from MattF:

"contracts" don't mean crap if there's no money to honor them.

If anything they were a way to keep these people working, because not many else I bet would have taken some of those jobs during those decades.
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The "contracts" of the bond holders for the big three automakers in 2008/2009 comes to mind here. If a government wants to ignore contract law, there is precedence.
 
""You can’t fund the dream of the 1960s on the economy of 2010""

while obvious, this line is one of the best I've ever read....almost poetry..

If retirees don't like getting pension increase cuts, I wonder how they'll enjoy nothing?
 
Quote from SWINGTRADER77:

doubtful- u cannot compare the US with such a small economy as agentina
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it only means that the decline takes longer. the results are the same except the stink contagion is much worse
 
Quote from morganist:

It is a lot worse and the global impact is another aspect.
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as you need a symbol for a sarcasm you also need one to recognize understatement.
 
I believe the difference might be that Argentina and Greece tied their debt to currency they did not control.
In Argentina's case I think their debt was tied to the US Dollar and in Greece's it is to the Euro, the supply of which seems to be more in control of the bigger European countries.
Therefore they could not just inflate out of the problem, which is an option the US will have as long as the debt is written to the dollar.
That's not to say we won't have problems, and some of those problems may look just like Argentina's and Greece's. I just don't think those situations are exactly analogous to ours.
 
That's only an option if investors continue to buy their debt and part of the problem is state pensions. States can't print money so either state retirees take less of a pension or everyone else, who works for the state or not, will have to pay higher taxes. In Wisconsin they are cutting state employee benefits, in Illinois they are raising taxes. It's not over on either side of that border.

Quote from monstimal:

I believe the difference might be that Argentina and Greece tied their debt to currency they did not control.
In Argentina's case I think their debt was tied to the US Dollar and in Greece's it is to the Euro, the supply of which seems to be more in control of the bigger European countries.
Therefore they could not just inflate out of the problem, which is an option the US will have as long as the debt is written to the dollar.
That's not to say we won't have problems, and some of those problems may look just like Argentina's and Greece's. I just don't think those situations are exactly analogous to ours.
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