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Originally posted by marg6043
No, no really, during the first great depression America's government didn't collapse wall street and the banking institutions did.
Yes the government can only collapse economically but as an institution it will not.
Unless the president and congress walk away and leave the nation with not leadership.
That will never happen.
Originally posted by questioningall
reply to [
But, soon things will start happening in a flash, one thing after another, why do I say this......because once no other country (China etc) buys anymore of our treasuries - the game will be over for us.
Also - what happens with schools, police, fire etc?
Yeah, I know - some will thrash me now for the above - but think about it - can or will it happen?
End Game?
Originally posted by Muundoggie
reply to post by questioningall
But, soon things will start happening in a flash, one thing after another, why do I say this......because once no other country (China etc) buys anymore of our treasuries - the game will be over for us.
Also - what happens with schools, police, fire etc?
Yeah, I know - some will thrash me now for the above - but think about it - can or will it happen?
End Game?
China is already cosidering dumping U.S. Treasuries in favor of Gold.
And California is handing out IOUs. What would happen if these IOUs don't get get redeemed or they take too long? Will the public service employees still come to work? Will the Highway Patrol still come to work?
Originally posted by rufusdrak
Originally posted by questioningall
reply to [
It already is 3rd world living in the U.S. in some areas. Sprawling tent cities sprouting up in the west, a major snow storm has just knocked out power in the mid west until THE MIDDLE OF FEBRUARY and numerous people have already died. Can you imagine, we're supposedly the world's only "1st world country" and yet 1-2 million people currently have power out until THE MIDDLE OF FEBRUARY???
What a damn joke.
Originally posted by rufusdrak
It already is 3rd world living in the U.S. in some areas. Sprawling tent cities sprouting up in the west, a major snow storm has just knocked out power in the mid west until THE MIDDLE OF FEBRUARY and numerous people have already died. Can you imagine, we're supposedly the world's only "1st world country" and yet 1-2 million people currently have power out until THE MIDDLE OF FEBRUARY???
What a damn joke.
Originally posted by Muundoggie
China is already considering dumping U.S. Treasuries in favor of Gold.