The final collapse of the US dollar it is just around the corner

Quote from piezoe:

SouthAmerica's thread has been hijacked -- i'm one of those at fault. I like Ron Paul. I sent him money. He has an important message. I don't know if I can vote for him. I don't want to vote for anyone who won't insist of cutting military expenditures drastically -- who won't get religion out of government -- will he do those things-- can he do those things -- I doubt anyone can. -- I don't want to vote for anyone who does not understand that American medicine operates as a government protected cartel -- does he understand that? I doubt it. The country is fucked. In the end I'll be forced to vote for the least bad candidate. As usual, There will be no good candidates.

I sent him money and tried to vote for him, but he wasn't on the ballot in Illinois, and write in's don't get counted there.

He does advocate bringing the troops home and getting out of world policing. I don't recall him saying anything on religion, which to me is fine because it has no place in politics or government.

I won't advocate, contribute or try to vote for him again. It was a total waste of many thousands of people's time, money, and effort. America has proved herself greedy, foolish, and ignorant, and deserves the ruin the ridiculous spending and associated debt will bring that lays before us.

The only way out of this mess is a complete collapse, followed a generation later by a rebirth of the American spirit, much like happened from the 20's to the 40's. We had it all, but didn't learn what the real mistakes were in the last depression, and made horrifying worse mistakes trying to get out of it, which are now coming back to destroy us in this depression, because not only do we not have a solid base of wealth built on gold, but we find ourselves sitting on a foundation built on the largest, most atrocious pile of quicksand debt ever seen by the world. We will never recover from all the spending and promises against future production our government has made, not in our lifetimes, nor that of our children. That is the price for being ignorant of history's lessons. Like the one taught unintentionally by John Law. It is being retaught slowly, in real-time, today.

I would change my tune if I saw an end to the trade and budget deficits, but I think if anything, the combined effect of them has worsened over the years, not improved, no matter what politically acceptable and perfectly idiotic schemes our government has tried. Take the budget and trade deficits and add them together. The bigger the number is as compared to production, the worse things are getting, in reality, IMO.
 
Quote from thriftybob:

America has proved herself greedy, foolish, and ignorant...

You've just summed up humanity right there; not just America. And not just America of today. It's always been that way; always will.

So let's not pretend that this is going to change, or throw in the towel because of it. We have to work with these existing conditions.
 
I am in agreement, for the most part, with both you (Thrifty) and Olias on these matters. To Pekelo I would agree that we should just leave our discussion of Social Security where it is. We are not going to agree. Obviously I am an advocate for the Social Security system, and that's a minority view here.
 
I really don't want to believe this. And I'm sure 99% of the population does not want to believe this. Anarchists must be having huge parties! Oh wait they don't organize.

No this is actually kind of depressing. History does have a tendency to repeat itself and I recall from a history class in college that there were many, many empires that lasted no longer than 300 years. The US is quite young and I'd hate to see it go at this age.
 
April 23, 2011

SouthAmerica: Here is the world of illusion:

How Money Is Created (Part 1 of 3)
http://www.youtube.com/watch?v=AgKFLk9xffA&NR=1


How Money Is Created (Part 2 of 3)
http://www.youtube.com/watch?v=4wQWVxk49ts&feature=related


How Money Is Created (Part 3 of 3)
http://www.youtube.com/watch?v=BFMqsBAP4Q4&feature=related


*****


Money As Debt (Part 1 of 4)
http://www.youtube.com/watch?v=mIIAvdJvCes&NR=1&feature=fvwp


Money As Debt (Part 2 of 4)
http://www.youtube.com/watch?v=f11De4_pGnw&feature=fvwrel


Money As Debt (Part 3 of 4)
http://www.youtube.com/watch?v=kTv1fo6sKmo&feature=related


Money As Debt (Part 4 of 4)
http://www.youtube.com/watch?v=3qicabStQkc&feature=related

.
 
Quote from piezoe:

You are dead wrong about Social Security. It is most definitely NOT a Ponzi scheme. You have bought hook line and sinker into the Republican line where Social Security is lumped together with Medicare in the same sentence. These folks are philosophically opposed to the very idea of Social Security. I have no problem with that position. What I take issue with are their lies and dishonesty. The Social Security detractors in congress have teamed up with Wall Street to spread all sorts of falsehoods Re SS. Social Security is ironically one of the most efficient, and likely the most useful, things the Federal government has ever done in the nature of a valuable social program. Social security has absolutely nothing to do with the overspending in Washington, nor is it in any way responsible for deficit spending in the U.S. (Medicare is another matter altogether, of course.)

You owe it to yourself to get the facts before spouting off this ridiculous line about SS being a "Ponzi Scheme." It needs only very minor adjustments to make it sound into the foreseeable future. But sadly, Wall street wants to kill it for quite obvious, selfish reasons. Unless folks such as yourself wake up to reality, they are likely to succeed.

The main problem that Social Security has is that the Treasury owes billions to the Trust Fund and their is no money to pay that debt without further borrowing. The money was borrowed via debt obligations issued by the Treasury and then spent on subsidies to the military industrial complex via endless wars. (The U.S. spends ~4K$ per capita on "defense" each year while Germany spends ~300$. That together with an out of control medical cartel is the cause of the deficits, current and projected -- not Social Security.

Get your facts straight and then come back. I'll be happy to debate this with you, but only if we start with reality.

You are wrong.

SS is definately a Ponzi Scheme. But a good one. You assume all Ponzi schemes are bad, and SS is not bad, so SS cannot be a Ponzi scheme. But it is obvious to all SS is most definately a Ponzi scheme, albeit a good one.

Why does everybody here assume Ponzi schemes are bad, I have no clue.
 
When push comes to shove, will the American people decide to keep medicare,medicaid, social security or a deep cut in the military?

The answer, I believe will be very clear.

It is all very nice to feel macho and feel like they are the biggest dog in the house, but when it comes to the crunch and when people's livelihoods and standards of living are affected, more often than not their basic living necessities will take primal position.
 
Quote from Grandluxe:

When push comes to shove, will the American people decide to keep medicare,medicaid, social security or a deep cut in the military?

The answer, I believe will be very clear.

It is all very nice to feel macho and feel like they are the biggest dog in the house, but when it comes to the crunch and when people's livelihoods and standards of living are affected, more often than not their basic living necessities will take primal position.

Assume you are sarcastic here. I think US will get worse country to live in however selected companies and army will(have?) unite and globalise and act as one.

And there are 2 continuations from there:

1. they prosper and grab the whole world and make anyone pay them appropriate taxes.
2. they fail and there will be global unsettle on micro level.

Option 1 is better. Even if tey are not that strong, people may let them be as option 2 is not pretty.

Desperate act.
 
April 23, 2011

SouthAmerica: There many people who participate on forums like ET just to change the subject that is being discussed on a certain thread, and their only goal is to break up the discussion on certain subjects that the US government doesn't want you to know much about it.


Here is the world of illusion:

How Money Is Created (Part 1 of 3)
http://www.youtube.com/watch?v=AgKFLk9xffA&NR=1


How Money Is Created (Part 2 of 3)
http://www.youtube.com/watch?v=4wQW...feature=related


How Money Is Created (Part 3 of 3)
http://www.youtube.com/watch?v=BFMq...feature=related


*****


Money As Debt (Part 1 of 4)
http://www.youtube.com/watch?v=mIIA...=1&feature=fvwp


Money As Debt (Part 2 of 4)
http://www.youtube.com/watch?v=f11D...&feature=fvwrel


Money As Debt (Part 3 of 4)
http://www.youtube.com/watch?v=kTv1...feature=related


Money As Debt (Part 4 of 4)
http://www.youtube.com/watch?v=3qic...feature=related

.
 
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