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Originally posted by ontarff
The UNITED STATES OF AMERICA (now incorporated) has had bankruptcies in the past and survived.
www.apfn.net...
Inflation (profit margins) will continue to climb, but America as most of the world knows us will not "fall". We are a Republic where individual States would succeed if the US government got too aggressive with Federal taxation.
The only way this country could fall is if we were occupied by another country's military (like we have done in Iraq) to form a new government. Obviously, there will be no invasion of the USA. Our nuclear deterrent will assure that.
Global markets would have to use a new currency (bancorp?) if the U.S. dollar fails.
I just have to say...what a load of crap. You feed a fraction of the world. Other countries also help feed you.
2. We feed the world.
Originally posted by STEADFast
YOU MEAN WHEN AMERICA FALLS... its coming.
Originally posted by watcher3339
It will not fall.
There may be unrest. There may be transition. And the rest of the world may get very, very pissed by the time we have put our financial house in order, but the U.S. and its actual economic position will not fall.
1. China, much to their dismay, can't afford for it to fall. Not only do they have a huge stockpile of our dollars but they rely too heavily on our purchasing power to propel their own economy. Yes, they can wean themselves. They actually want to cool down their GDP. And other markets are rising that will eventually be able to combine to replace the purchasing power of the U.S. but that will take time and the U.S. will use that time to stage the next paradigm shift.
2. We feed the world. It's so heartless and cruel to break it into those terms but, there it is. Cut our dollar. Jack up oil. Do whatever you must. And then watch our food export prices simply rise to the new occasion.
3. Despite the enacted policies of the last several decades the individualism of U.S. culture is far better suited to isolationism than it is to the globalist "its a small world after all". We can feed ourselves. We can build shelter. Most Americans, yes even the elitist leftists who would rather not admit it, don't REALLY care what the rest of the world thinks. We could default tomorrow and many would consider it finally being paid for everything that has been placed on our shoulders over the past decades in terms of policing the world.
4. The Yen can't replace the dollar. You already noted that in terms of GDP the Yen is in worse shape than the dollar. And it will continue to deteriorate as the costs rise on the recent disasters. Also, they hold a ton of our debt. A devalued dollar hurts their economic standing as well.
On a more speculatory note, havent' you noticed how close to parity all of the wester currencies are moving? Sure you are up .10 right now. Canada and the U.S. have been just about even for awhile. The pound and the Euro are still up there, but the Euro will be facing debt crisis corrections for some time to come. Amero? Banquero? Your guess is as good as mine and I am not saying that the currency of note will be the "green back" but the U.S. fiat is backed by military might and self sufficiency. Turmoil is likely. Collapse would shock me to the core and we would just exist in a closed system where it didn't matter what anyone else thought. Would give us more jobs that way too...
Don't get me wrong, I am not saying that Americans don't care about people around the world, as a people we are very caring and sharing, especially in good times. It's just that we tend to be a home first kind of place. If things get really hairy we will just close the door, pull the shutters, and wait for the storm to pass. And it will.
edit on 8-5-2011 by watcher3339 because: (no reason given)
Originally posted by EternalThought
Originally posted by mbartelsm
Originally posted by EternalThought
Originally posted by Nobama
reply to post by watcher3339
In my opinion, you just stated things that are going to help contribute to our Empire falling.
UGH!
Nobama, stop making FALLACIOUS claims...
You are pulling "Insisting on Past" fallacy and a Straw Man. You cannot say ALWAYS FALL.
You cannot argue just because "most" empires fell, it does not mean that US will "fall".
(Define Empire? In modern term please? Can you? Compare Rome to US and do a full-spectrum analysis..?).
Until you do that, you don't even have an appeal.
I'm sorry, most? do you see a single empire that was here 100 years ago? ALL empires fell and will fall, the US is just a matter of time.
Define Empire first.
What you state is your OPINION and by far not an argument, because when you make an argument or a claim, you need REAL time evidence .
Opinions are ok... but they will be regarded just as that - opinions.edit on 5/9/2011 by EternalThought because: (no reason given)
Originally posted by Authenticated
Americans are used to being "#1"..I don't think the U.S. government would allow America to fall..I know its suppose to happen but I think another war will start before then..or something along those lines.
edit on 8-5-2011 by Authenticated because: (no reason given)
Originally posted by FuGGer
Japans external debt (debt to foreign countries) and national debt (government debt to its own nation) are two totally different things.
Unlike the US (the worlds largest debtor nation), Japan's external debt and the ratio to its GDP is nominal.
Japan's foreign reserve is the second largest in the world.edit on 9/5/11 by FuGGer because: (no reason given)
USA, like Rome, will fall...what is left of Rome? Well, the entirety of it's pre-empire country (within a couples of miles). So, if the US does 'fall', there will be a re-adjustment period, than a new period. USA will still be USA. Americans will still be Americans.
Originally posted by BlahBleh
reply to post by watcher3339
I just have to say...what a load of crap. You feed a fraction of the world. Other countries also help feed you.
2. We feed the world.