Topic: The US should default on it's debt.
Anonymous A started this discussion 15 years ago #8,445
A few trillion dollars saved in an instant.> But then no one would loan to us anymore!
Good.
> It's our responsibility
To pay for debt someone else took on? No. Just as I don't inherit my parents debt when they die, I shouldn't have to pay for the previous generations fuckups, and needless wars.
> How would we pay for the government?
Taxes. We spend what we have. If taxes don't bring in enough, then cut spending, don't pass the problem on to the next generation with interest.
> What about businesses?
What about them? We still make things here, which we can sell, and use to pay for raw goods which then in turn we use to produce new products. Nothing changes.
> We bring in more than we sell to China, what happens when this stops?
It wouldn't stop, because the government isn't the one trading, businesses are, and they are not the ones defaulting.
> Wouldn't the US dollar deflate?
No, why would it? It's value comes from the merchants that accept it, and the whole US accepts it still.
Nega !34Kas0OdzM joined in and replied with this 15 years ago, 3 minutes later[^] [v] #147,634
> it's
> not its
I hope none of you guys do this.
> not its
I hope none of you guys do this.
advi !!3gpAcg/hF joined in and replied with this 15 years ago, 2 seconds later, 3 minutes after the original post[^] [v] #147,635
inb4 it's only fair because they did it to us
Voice of !WisdomHsuU joined in and replied with this 15 years ago, 57 seconds later, 4 minutes after the original post[^] [v] #147,637
> defaulting on debt
> in an international market of governments
lolnope
> in an international market of governments
lolnope
Anonymous E joined in and replied with this 15 years ago, 28 seconds later, 4 minutes after the original post[^] [v] #147,638
Anonymous A (OP) replied with this 15 years ago, 1 minute later, 5 minutes after the original post[^] [v] #147,640
@147,637 (Voice of !WisdomHsuU)
> international market of governments
What is that even supposed to mean?
In the international market governments are consumers, who pay for products and services on credit. When they default, like any consumer, their credit rating plummets, and people don't lend to them.
> international market of governments
What is that even supposed to mean?
In the international market governments are consumers, who pay for products and services on credit. When they default, like any consumer, their credit rating plummets, and people don't lend to them.
protip !!pMmAiEwOm joined in and replied with this 15 years ago, 54 seconds later, 6 minutes after the original post[^] [v] #147,642
Go become an economics professor, Bitcoins.
grey !C.MxxuCiTo joined in and replied with this 15 years ago, 3 seconds later, 6 minutes after the original post[^] [v] #147,643
Boo hoo poor richfags workin in da gov'ment. I feel sooo bad for you.
Their misfortune due to their own fuckups won't affect my life in any way if they default. If they don't default, I don't know what will happen.
Their misfortune due to their own fuckups won't affect my life in any way if they default. If they don't default, I don't know what will happen.
Voice of !WisdomHsuU replied with this 15 years ago, 31 seconds later, 7 minutes after the original post[^] [v] #147,645
@147,640 (A)
> default on debt
> implying the other nations will allow for this
> implying Israel won't be pissed
That won't happen.
> default on debt
> implying the other nations will allow for this
> implying Israel won't be pissed
That won't happen.
Anonymous A (OP) replied with this 15 years ago, 24 seconds later, 7 minutes after the original post[^] [v] #147,646
@147,634 (Nega !34Kas0OdzM)> irrelevant distraction about grammatical error, having nothing to do with the point
Nice catch, bro!
protip !!pMmAiEwOm replied with this 15 years ago, 40 seconds later, 8 minutes after the original post[^] [v] #147,647
Anonymous H joined in and replied with this 15 years ago, 42 seconds later, 9 minutes after the original post[^] [v] #147,650
Every economist in the world agrees that if the debt ceiling isn't raised it would lead to financial collapse.
> What about businesses?
> What about them? We still make things here, which we can sell, and use to pay for raw goods which then in turn we use to produce new products. Nothing changes.
That was especially retarded.
> What about businesses?
> What about them? We still make things here, which we can sell, and use to pay for raw goods which then in turn we use to produce new products. Nothing changes.
That was especially retarded.
Voice of !WisdomHsuU replied with this 15 years ago, 7 seconds later, 9 minutes after the original post[^] [v] #147,651
Anonymous A (OP) replied with this 15 years ago, 1 minute later, 10 minutes after the original post[^] [v] #147,653
@147,645 (Voice of !WisdomHsuU)
Yes, they won't do anything because defaulting on debt isn't illegal under international law.
What are they going to do? Wage war? On the US? We could easily keep enough allies to fight with us, many people would abstain, and the few that did attack us would be no contest.
> hurr durr funding a war
There is a reason we have oil reserves.
Yes, they won't do anything because defaulting on debt isn't illegal under international law.
What are they going to do? Wage war? On the US? We could easily keep enough allies to fight with us, many people would abstain, and the few that did attack us would be no contest.
> hurr durr funding a war
There is a reason we have oil reserves.
Anonymous A (OP) double-posted this 15 years ago, 54 seconds later, 11 minutes after the original post[^] [v] #147,655
Voice of !WisdomHsuU replied with this 15 years ago, 13 seconds later, 11 minutes after the original post[^] [v] #147,657
@147,653 (A)
> implying Israel isn't an unstoppable war machine
http://en.wikipedia.org/wiki/Six-Day_War
Don't fuck with Israel.
> implying Israel isn't an unstoppable war machine
http://en.wikipedia.org/wiki/Six-Day_War
Don't fuck with Israel.
Born this Way !dLadyGAgAA joined in and replied with this 15 years ago, 1 minute later, 13 minutes after the original post[^] [v] #147,658
Anonymous A (OP) replied with this 15 years ago, 54 seconds later, 14 minutes after the original post[^] [v] #147,661
@147,657 (Voice of !WisdomHsuU)
Israel gets a lot of military support from the US.
Do they even hold much US debt?
Lol, if Israel tried to launch a war outside their own borders, the Arab League would be happy to help the US in it's fight against Israel.
Israel gets a lot of military support from the US.
Do they even hold much US debt?
Lol, if Israel tried to launch a war outside their own borders, the Arab League would be happy to help the US in it's fight against Israel.
Born this Way !dLadyGAgAA replied with this 15 years ago, 6 minutes later, 20 minutes after the original post[^] [v] #147,667
Syntax joined in and replied with this 15 years ago, 4 minutes later, 25 minutes after the original post[^] [v] #147,669
@147,661 (A)
Remember Israel does have the BOMB Many Nukes
US Bankrupt as in doing it for real yea sure sure LMAO
Wood make a good movie and with that back out 2 my Ocean a Blue. One can dream of the impossible dreams or one can live the dream. Me more better at R/L then the idea that my investments wood go wacko because what I put in2 Oil and Gold and Monopoly for real with buying condos and homes to rent out- I honestly have NOT given it one nanoseconds thought about US going belly up.
Hummmmmmm while I wait for the next break in Surf I will consider if this is a very bad idea or even a more worse idea.
At least this Topic ain't bankrupt like sex with babies or dead people. Y did MC break down in bankruptcy of Topics while I B gone for such a short while?
Remember Israel does have the BOMB Many Nukes
US Bankrupt as in doing it for real yea sure sure LMAO
Wood make a good movie and with that back out 2 my Ocean a Blue. One can dream of the impossible dreams or one can live the dream. Me more better at R/L then the idea that my investments wood go wacko because what I put in2 Oil and Gold and Monopoly for real with buying condos and homes to rent out- I honestly have NOT given it one nanoseconds thought about US going belly up.
Hummmmmmm while I wait for the next break in Surf I will consider if this is a very bad idea or even a more worse idea.
At least this Topic ain't bankrupt like sex with babies or dead people. Y did MC break down in bankruptcy of Topics while I B gone for such a short while?
(Edited 59 seconds later.)
Anonymous A (OP) replied with this 15 years ago, 25 seconds later, 25 minutes after the original post[^] [v] #147,670
http://www.economist.com/blogs/dailychart/2011/06/sovereign-defaults-and-gdp
Countries who default recover in abut 4-6 years with a better economy, and debt-free.
Countries who default recover in abut 4-6 years with a better economy, and debt-free.
Anonymous A (OP) double-posted this 15 years ago, 2 minutes later, 28 minutes after the original post[^] [v] #147,672
@147,669 (Syntax)
> Remember Israel does have the BOMB Many Nukes
So do we.
Countries default all the time, and the matter is kept economic, and doesn't turn into military action.
You're an idiot if you think Israel is going to destroy themselves to get back at us for defaulting.
> US Bankrupt as in doing it for real yea sure sure LMAO
Have you considered writing professionally?
> Remember Israel does have the BOMB Many Nukes
So do we.
Countries default all the time, and the matter is kept economic, and doesn't turn into military action.
You're an idiot if you think Israel is going to destroy themselves to get back at us for defaulting.
> US Bankrupt as in doing it for real yea sure sure LMAO
Have you considered writing professionally?
Anonymous A (OP) triple-posted this 15 years ago, 1 minute later, 29 minutes after the original post[^] [v] #147,673
/threadBorn this Way !dLadyGAgAA replied with this 15 years ago, 5 minutes later, 35 minutes after the original post[^] [v] #147,674
protip !!pMmAiEwOm replied with this 15 years ago, 1 minute later, 36 minutes after the original post[^] [v] #147,676
> another Bitcoins thread to play intellectual chess
Anonymous K joined in and replied with this 15 years ago, 2 minutes later, 38 minutes after the original post[^] [v] #147,679
How the US currency works: http://www.youtube.com/watch?v=1gKX9TWRyfs
Syntax replied with this 15 years ago, 30 seconds later, 39 minutes after the original post[^] [v] #147,680
@147,672 (A)
> > Remember Israel does have the BOMB Many Nukes
> So do we.
>
> Countries default all the time, and the matter is kept economic, and doesn't turn into military action.
>
> You're an idiot if you think Israel is going to destroy themselves to get back at us for defaulting.
> > US Bankrupt as in doing it for real yea sure sure LMAO
> Have you considered writing professionally?
lol never meant 4 anyone to consider Israel using Nukes against USA
You list and I did a fast look - Russia was supported by everyone because everyone was in theory free of Commies re bankrupt situation. Everyone of course got screwed by Russia lol and look at them now.
The rest on the list are frankly no counts. One wood need a China or Japan or even Brits to go bankrupt and then recover to compare.
And yes I do write professionally with huge dollars per hour fees charged to clients. Professional papers - Position papers, and even currently how to play it careful in US Courts re wild claims of Speed of wireless and everyone is guilty as sin at the same tyme this tyme.
HowSoEver I employ one hell of a group of editors and great technical editors are not easy to find or keep much less train so that they keep my "Style" but make me look like some sort of MBA in English.
I still need it to text like me but have grammar more then perfection and on rare occasions I do override it for less then perfect so it gets ATTENTION!!!!
Using Shakespeare great lesson of English often needs a new invention of a word or phrase or turn of phrase that is not legal - On occasion that is all THEY end up talking about.
And on occasion I have even produced posts with help of editors, but so far not on MC or TC but I have on 4Chan in past and hummmmmmm once or twice on 420
Now now now out of here. At least ur topic has value as so much of MC is so fucking flaky and good eye have no tyme 4 net play today no more till much much later 2nite
> > Remember Israel does have the BOMB Many Nukes
> So do we.
>
> Countries default all the time, and the matter is kept economic, and doesn't turn into military action.
>
> You're an idiot if you think Israel is going to destroy themselves to get back at us for defaulting.
> > US Bankrupt as in doing it for real yea sure sure LMAO
> Have you considered writing professionally?
lol never meant 4 anyone to consider Israel using Nukes against USA
You list and I did a fast look - Russia was supported by everyone because everyone was in theory free of Commies re bankrupt situation. Everyone of course got screwed by Russia lol and look at them now.
The rest on the list are frankly no counts. One wood need a China or Japan or even Brits to go bankrupt and then recover to compare.
And yes I do write professionally with huge dollars per hour fees charged to clients. Professional papers - Position papers, and even currently how to play it careful in US Courts re wild claims of Speed of wireless and everyone is guilty as sin at the same tyme this tyme.
HowSoEver I employ one hell of a group of editors and great technical editors are not easy to find or keep much less train so that they keep my "Style" but make me look like some sort of MBA in English.
I still need it to text like me but have grammar more then perfection and on rare occasions I do override it for less then perfect so it gets ATTENTION!!!!
Using Shakespeare great lesson of English often needs a new invention of a word or phrase or turn of phrase that is not legal - On occasion that is all THEY end up talking about.
And on occasion I have even produced posts with help of editors, but so far not on MC or TC but I have on 4Chan in past and hummmmmmm once or twice on 420
Now now now out of here. At least ur topic has value as so much of MC is so fucking flaky and good eye have no tyme 4 net play today no more till much much later 2nite
RonPaul2012 !4EB6xd.Oos joined in and replied with this 15 years ago, 5 hours later, 6 hours after the original post[^] [v] #148,017
Anonymous M joined in and replied with this 15 years ago, 5 hours later, 11 hours after the original post[^] [v] #148,290
TheSheep !kJ.A4PF7.k joined in and replied with this 15 years ago, 2 hours later, 14 hours after the original post[^] [v] #148,318
We had this thread once already, and no, this won't happen anytime soon cause it's a moronic idea.
There are always consequences
There are always consequences
Nickalollyoff !Aw0s40dyqw joined in and replied with this 15 years ago, 1 hour later, 15 hours after the original post[^] [v] #148,336
op confirmed for dumbass and/or shit-tier troll
protip !!pMmAiEwOm joined in and replied with this 15 years ago, 1 hour later, 17 hours after the original post[^] [v] #148,359
Anonymous A (OP) replied with this 15 years ago, 11 hours later, 1 day after the original post[^] [v] #148,897
@148,318 (TheSheep !kJ.A4PF7.k)
See: @147,673 (A)
The "consequences" are a better economy.
@148,336 (Nickalollyoff !Aw0s40dyqw)
Compelling argument!
See: @147,673 (A)
The "consequences" are a better economy.
@148,336 (Nickalollyoff !Aw0s40dyqw)
Compelling argument!