United States Will Become A Third World Country Overnight. Real Unemployment 22%

reply to post by RealSpoke


Average acre price:

The average for the coterminous 48 States was $2,140.

The United States government has direct ownership of almost 650 million acres of land (2.63 million square kilometers) – nearly 30% of its total territory.

2Kx650mil= 1,300,000,000,000 out of averages for the land as farming, alone. Other enterprises would be of more value, and some land would be worthless, sure, but the US government does own a hell of a lot.

Originally posted by RealSpoke
It is mathematically impossible to pay off the US national debt. Cutting programs does nothing to improve the situation, either way it will collapse eventually.

I think Obama's goal is to create a short term hyperinflation and pay off the debt. Nothing like paying off 16 trillion with about 16 billion worth in money. They then can the next day re-issue "New" money with a 1000 to 1 exchange ratio.

Its win win....the poor don't have any money to begin with and the rich will get the heads up to exchange all their stuff into gold for the big switch-er-roo....lol

reply to post by Xtrozero

You know the problem I see there? Russia and China have spent a couple years already pushing the world to dump the U.S. Dollar outright and across the board for all international exchange. OPEC has also been rumbling and mumbling about changing the currency used for the Oil markets. All that is just talk....unless the U.S. Dollar does something radical or totally outside the norm. Then those who have been pushing so hard to shred the dollar and dump America with it, will have all the basis and case they need to say to the world 'See?? We MUST do this for Global Economic survival!'.

If that happens...and so many want it to...all anyone dreamed of for paying down the debt with something as totally insane as deliberately triggering hyperinflation will go up in smoke and leave a nation in total fiscal ruin. It's happened before....although never by deliberate choice that I know of. The Weimar Republic, Zimbabwe, Argentina, Hungary and others kinda fell into their lower circles of hell. They didn't buy tickets and set out to get there. Scary stuff we're seeing.

You know what scares me the most? You could actually be right and we might honestly have men so incredibly self centered to their own need to spend and control that they'd actually consider that course of action as the ultimate 'mulligan' to their unthinkable irresponsibility. The world won't buy what they're selling though..and is about sick of us already.

@Cynical

If only they owned land that was worth owning. MOST of the land the BLM has is deserts, scrub brush and wasteland. (No offense to Nevada and the rest in the Western 11) Err... Uncle just can't get anything right.

Federal Land Ownership by State and %

Originally posted by penninja

Originally posted by Common Good
Maybe that is their entire plan....

Crash the Economy in order to revive it?

Maybe they are trying to "accidentally" bankrupt this nation in order to institute a new form of entitlement?

Maybe they think if we officially go bankrupt, then we can just "start over".

They sure do spend like they are out of control.

If some say it is mathmatically impossible to pay it back.. than that must mean IMO they are trying to avoid being held responsible for that debt, and are now trying to bankrupt itself on that debt. I owe you nothing now. ..Could THAT be possible?

A fairly interesting "war" tactic of the US against the world would indeed be simply to default on our debts, declare bankruptcy so to speak.

In the end we have a decent infrastructure, all the water we need particularly if you factor in Canada, food enough to rot away...

Lol the rest of the world doesn't...

we would crash... dozens of economies and in the end, if we wee humanitarian to our own people no one actually has to loose a house, starve or anything else... heck we could scrap 50% of the Military too and maintaining 3000 nukes what would anyone actually be able to do about it? 2 fleets on each coast 3000 nukes... standing national guard = come get your buildings lol...

Frankly, if we want to be on top of the world.... Ron Paul would be our ultimo WMD

If we withdrew our forces world wide leaving power gaps? The whole world would be so busy fighting no one would be able to try

The economic mayhem would thrash everyone ... America is like, that redneck that wouldn't know when the zombie apocalypse started because they are just so far out there on the farm they don't care...

we live in the boonies after all... we have a well, ample land and food... and an arsenal

I really dont see any other alternative motive other than what is being presented to me. They are telling us that they are spending all of this money in order to help the economy. Help the economy what? If you are spending- you are creating debt. How can debt creation help the economy? IMO- only one way. It cant. How much more can they devalue the currency before it becomes totally useless? its already lost something like 93 percent of its value since creation. I dont know how much longer they are willing to stretch this thing out.
One thing is for certain- Govt has been robbing its people for millenia.

Originally posted by RealSpoke
It is mathematically impossible to pay off the US national debt. Cutting programs does nothing to improve the situation, either way it will collapse eventually.

I believe it is mathematically possible

However I think America should negotiate the interest down

reply to post by Wrabbit2000


Yeah, I was aware of it. The thing is that farming is often one of the lower value things you can do to land, and even then, if we wanted ot recliam the deserts, we technically could... the same way that Israel did, for some of theirs.

reply to post by CynicalDrivel

You know, you're right... I'm afraid I've become downright defeatist and fatalistic after so much time building that budget thread and buried in the numbers. I shouldn't lose perspective and we are a great and proud nation. We CAN overcome..and hell, even a collapse allows rebuilding, right? We just have total idiots on both sides who run the place at the moment. That's not a permanent problem, as you do point out by how vast the land and resources are we haven't even touched for more than mapping it out and giving it names.

reply to post by freemarketsocialist


G.,

What, exactly, are you driving at? That unemployment will usher in hyperinflation? That a basket reserve currency will usher in hyperinflation? That hyperinflation will usher in hyperinflation?

I could accept an argument as plausible that loss of reserve status would mean the U.S. would no longer be in a position to export its own inflationary policy. Accepting that as a possibility is not, however, a shoo-in that hyperinflation will follow.

But maybe? Yeah, maybe; however, there's one question that needs to be addressed with that possibility. How will the U.S. government service its long-term obligations under a regime of long-term hyperinflation? Do you anticipate the U.S. government will function under a regime of long-term hyperinflation for the next, what, 70 plus years? The U.S. government certainly can't produce the present value of its present, long-term obligations (in terms of savings) and invest such monies to pay for its own programs. Evidently, then, the U.S. government will have to operate under a regime of long-term (and I mean "long-term") hyperinflation to service its long-term obligations (i.e., unfunded liabilities).

Your emphasis on hyperinflation skips over a key aspect that long-term obligations are a matter of law. More than that the progressive laws (i.e., long-term obligations) are a matter of not-so-minor sentiment among members of the U.S. population. So what is more likely: 1) the U.S. government will default in specific areas of its long-term debt, or 2) the U.S. government will adopt a policy of long-term hyperinflation to service its long-term, unfunded liabilities?

Notwithstanding the option you think the commissars in the District of Columbia would opt for, which would you choose?

I'm going to assume neither option, but am nonetheless curious what the free_market_socialist's answer will be.

Originally posted by muse7
Instead of cutting off the aid to the millions of Americans who need it, why don't we cut the defense budget by 60% ?

Unfortunately, it is your military budget, and the research and development that the money buys, which keeps the US dollar as the reserve currency.

In my opinion, manufacturing will make a return to the US. Companies are leaving China, due the rising costs.

It's not over for a long shot.

"WILL BECOME" is mildly incorrect.

"HAS BECOME" is mildly more correct.

We are inches away from a central / south american country.

It could happen from the fluttering of a butterfly's wings, any month now...

reply to post by Wrabbit2000
I'm just more worried about the fall being gentle enough to continue every day life with. And what freedoms am I going to lose? We might be able to hold it together as the same nation we are now, we might become multiple nations, I don't know. The unrest that could be generated is unreal.

so this "flaw" you speak of... doesn't it serve several purposes?

not only does it consolidate power, it gets rid of the worst players in the game.

keeps our stock strong and healthy in the long run.

if convenience makes us lazy, doesn't that mean pressure makes us strong?

does that mean that a $3 iphone manufactured made in china will no longer be $700 but $15,000 because of hyper inflation.

because thats the real issue americans are worried about.

The US is a Third World Country. We just sh!t inside and have more entertainment. Honestly, if you grab some poor soul living for under $2 a day and I bet he/she is more productive than most of our millionaires, because our valuation system is based on superficiality and not substance. Sorry, but - our education system is no more than a system of indoctrination based off logical fallacies and scientism. There is little real knowledge passed along.

Think about this:

How FFS do we have fat people suffering from malnutrition? Do not be fooled almost every ailment is derived from lack of nutrition, but instead our ‘physicians’ prescribe profitable synthetic remedies. Honestly, we are starving too… The gene pool is pretty much now f*cked people. Finding someone with absolutely no ailments is rare compared to just 100 years ago.

We’re dumb, we’re getting dumber. If you think you’re smart… you’re just too dumb to realize so. I’m dumb too and not afraid to admit such…

Money is just paper! We decided to trade paper for our labor. That’s our own GD fault and no one else’s. We toil at ‘jobs’ that produce mostly crap and BS no one really needs.

All our ‘consumerism’ we hold so dear and lavishly promote as ‘democracy’ [which by the way is the exact opposite of what this country was founded as] is the direct cause of why the countries we see as ‘Third World’ are as they are: because for some to have – some must have not. We literally drain them dry so we can drive our nice cars, have our big houses and our neat gadgets (which by the way are almost all built by modern day slaves), also so we can spend thousands of dollars to go learn nonsense…

Originally posted by muse7
Instead of cutting off the aid to the millions of Americans who need it, why don't we cut the defense budget by 60% ?

If we cut the defense budget, how are we going to afford murdering people in other nations?

Economically, America is already a third world country, or pretty damn close to it. Our leaders just have the hardest time admitting they really screwed up this time.

Solutions? I wish I could toss one out, but I really don't have anything that strikes me as a good idea...other than praying to whatever gods you hold closest to your heart.

Sorry just got back from a few weeks in Spain and things are not that bad there. Ger over the US collapse

Originally posted by zero1020
Do you know what would fix this entire debt crisis? If the major players around the world agreed to forgive all debts and start the cycle again. Sure millions would lose their so called "valuables" but at least the world won't rip itself apart. After the shock is over people will be able to lend and borrow again to create businesses.

I've always wondered why we carry the debt of previous generations on our shoulders.

I think this will happen involuntarily and certainly not by agreement. It may entail nation state war, it may be civil war, it most likely will involve violent rioting, looting and chaos.

The train left the station when the decision was made to loot the rest of the economy via bailout, QE and "too big to fail" programs.

In the ensuing years the entire burden has been shifted over to the public at large via debt and when the train runs off the cliff its going to get real ugly real fast.

Most every statisical number put out by the gov is questionable and is a partisan political attempt to make things appear better than they actually are number one being a laughable 8.1 Unemployment number, for those working we have the equally inane inflation numbers thats make you workers look like slackers when you can't make ends meet and gives your employer the excuse they need for low raises if any.

Originally posted by zero1020
Do you know what would fix this entire debt crisis? If the major players around the world agreed to forgive all debts and start the cycle again. Sure millions would lose their so called "valuables" but at least the world won't rip itself apart. After the shock is over people will be able to lend and borrow again to create businesses.

I've always wondered why we carry the debt of previous generations on our shoulders.

Here's the man with the plan. In the end this is exactly what is going to happen. Debt has to be forgiven. Now how do we reach this understanding. Generally speaking it is not accomplished easily

As unlikely as it is, we should understand that we need to take precautions to make for as painless a start over as possible. I think this is critical Because the hardships are going to be severe

I would say start with 50%. Everybody keep doing exactly what they are doing. All debt payment reduced by 50%. Car payment, mortgage, Visa. And not just the payment but actual debt. Maybe make this only on the private sector. No relief for governments. Yet. This might be just what we need to boost another twenty years.

It's the same lesson. Debt can not be satisfied, it must be forgiven. And as soon as it is, everybody wants to get on board with more debt and get this party started. I suspect that this is the way it will always be Systems with alternatives to money, if any have truly existed, have not really worked out well.

We're smart beings. Let's figure out how to ride these long cycles of a money system Maybe we could buy swaps or something.

Just kidding Ain't money fun?

reply to post by RealSpoke


Well spoken.. Unfortunate indeed