So, what is the end game with this never-ending U.S. public debt?
- Thread starter Saltynuts
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You cannot call Vietnam a total defeat or defeat for that matter when speaking in this context. Vietnam, like all conflicts, showed the military power of the US, however, the issue in Vietnam became a political tool .
Since WWII all conflicts the US has engaged in have become political stepping Stones for politicans.
If it comes down to US Military might due to an events that have been discribed in this thread. That event will again be a showcase for US Military power, which will dominate.
The issue will essentially come back to the politicans and taxpowers on how the outcome will play out .
yes - my arguments just don't feel right do they, yet you can't point out any logical flaws.... why?
Original thinking never gets much consensus. The system works in a way that the general public has to be not in the know.
Your arguments are nonsense. Are you over 18? Just a question, no offense.
dozu888: So what if other countries don't buy our treasuries... our missiles and carriers will shove it down their throat....
response: [sarcastic] The US is the the greatest and most powerful country in the world, so if we have another financial crisis we'll threaten everyone. Yea, that's how free markets work.
dozu888: Americans per capita consumes the most energy and other natural resources. The abundance of consumer goods and cheap prices ... Americans will say it is the best.
response: Nearly 51 million households don't earn enough to afford a monthly budget that includes housing, food, child care, health care, transportation and a cell phone
That's a statement that depends on somewhat arbitrary criteria. Even after consideration of the criteria, one must make a per capita adjustment. After that is done, where does the U.S. stand? If you just define powerful as military might per capita then I don't think there will be much argument. But once you get into specific criteria and the question of what does "Greatness" mean, then there are major problems. Is a country "great" that does not provide access to basic medical care for all its citizens? Is a country "great" that has more people incarcerated per capita than any other country? These and other questions beg to be answered.
Although this thinking made sense when we were on a gold standard, we are not on that standard. Now we are on a productivity per dollar standard. Revision in thinking is needed. You have to update. You now have to think in terms of productivity per dollar, which relates to productivity per capita. We are not on the gold standard anymore for a good reason, viz., in time it became impossible to maintain a gold standard that is reasonably stable. There may be other currency standards that could work, such as the Bancor that Keynes proposed that would create a market standard for the value of money. In a sense, although the relationship is not formalized as Keynes would have had it, that is what we have now. How much are dollars worth to you relative to other currencies. The reality is, however, that that value determination relates ultimately to productivity per dollar. You have to start thinking in those terms.
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And if people have them by accident, they certainly don't deserve/need cell phones.
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Greatness is not necessarily linked to 'basic medical care'. Greatness is great enough to support the currency as the world reserve currency.
People are getting the care though... they walk into the ER and are not pushed away... this is not the case in many other countries - you can't pay, you don't get treated.
Yes pretty much.
People who push gold/silver/bitcoin certainly know this, that is why these people are pushing instead of buying for themselves.... the general public buying into this are misinformed.
Can't possibly go back to gold standards or bitcoin standards. Take the latter for example... if the world's products grow from 21 million gadgets to 42 million, then the price drops from 1BTC to 0.5 BTC per gadget, that is deflation and Japan already showed us what a death spiral looks like.
The money supply has to keep in pace with the productivity growth... and the Fed builds in a 2% inflation target just to be sure we don't fall into the deflation black hole.