Discussion in 'Free Speech Alley' started by LSUTiga, May 8, 2012.
Yea. What’s trumps percentages compared to Obama’s relative to receipts?
I never claimed trump was conservative. He wasn’t fucking Hillary.
Also 7 years ago I was in my mid 20’s. I understand debt at a much higher level now.
thanks for the laugh.....priceless
Debt is leverage. Prove me wrong.
Of course debt can be leverage and used as leverage. However it is only valid when there is hope that it will be paid back, or failure is worse than carrying it on. Right now we .as long as we continue to retire old debt and pay interest people banks and countries continue to loan us money. However there’s no real hope the debt will ever be paid back...just the hope that current holders will get theirs. At some point that equation won’t hold and/or a new economy will gain enough to take our place and fewer buyers will come causing us to pay higher interest and giving us all less disposable income. You seem to think this is impossible or will happen after you’re gone. It might or might not.
However you, me and or our descendants are likely to face this. As you know in bankruptcy the little lenders are screwed. Building debt as we’re doing is like a Ponzi scheme....those holding debt at the end are screwed the most.
You’re idea that our debt is a sign of strength is a chimera destined to fail.
The world revolves around the US. Think of it like this, when the banking system crashed, why did it get bailed out? The answer is power.
The US holds most of the cards on deck. We can debate it, but let’s say you are right and we default. The worlds largest economy and consumer spending base defaults.
What then? Do you know?
Chaos then after some time some other currency and country will become the leader. It’s happened before but fortunately the transition was fairly seamless. However it took 20+ years and WWII to effect the transition from the Pound to the Dollar. Also Britain beggared itself during WWII before we got into it after Pearl Harbor.
Lol. You think those in power will let their control slip? We are in a new era.
China is the only viable threat btw and we have their sack in our hand
Without Trump China would have been our daddy in 10 years.
Europe is under globalist control. The US is tittering in that plane of existence. I feel if the Dems won, we will be as well.
Sport no one ever “lets” their control slip. Ask the Brits in WWII, the commies in 1989, the French in 1916, the Czar in 1917 in etc, etc, etc. It will happen in spite of everything.
Control is a temporary illusion and who wields it is ever changing. As Jesus said no man can predict when I return so no one can predict when this will happen.