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  1. #21
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    Quote Originally Posted by Halla74 View Post
    Source please? Otherwise you get the Nostradamus award for the day.
    I could offer all the sources, but the nostradamus award is much more tempting.



    but hell, look up names like Gerald Celente, Marc Faber, Peter Schiff, Ron Paul ....those are the people to start your investigation with.

  2. #22
    Senior Member cafe's Avatar
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    I don't think collapse is inevitable, but decline probably is. Our economy was built on an unsustainable model of excessive consumerism and I don't think it's going to be like that again anytime soon.

    Americans, for all our differences and faults, are pretty resourceful, though. I think it will ultimately be okay, just not quite so grand. We aren't the first world power in this position and we won't be the last.
    “There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.”
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  3. #23
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    Quote Originally Posted by Antisocial one View Post
    I am not from he US but I find this topic quite "interesting". Especially since if US bankrupts that will be the end of Capitalism.
    Oh, don't be absurd... as if the end of a nation could put an end to an entire economic model. As long as you have a market stall in a village somewhere, you will have capitalism. The US didn't invent it, and it won't die with the US either.

  4. #24
    Senior Member Rebe's Avatar
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    Especially since if US bankrupts that will be the end of Capitalism. (at least the version we are all familiar with). In a way that would be an end of an era in a certain way since the world after that would probably be a quite different place.


    So the question is: Should we start digging the grave or the situation can be somehow salvaged ?
    Hmm. The US is not the only one affected by the economic collapse, many other countries did. Some small European country went bankrupt, Iceland was it? If the US goes bankrupt, most all other countries will be affected. I'd think the other countries will help out. If the US loses its world power status, the whole Western sphere might lose influence against Asia/Middle East.

    It won't be the end of Capitalism, China and India are big fans of capitalism these days, no? They combine capitalism with some socialism. Out-sourcing might decrease? I don't know the specifics, but these are my generalized ideas.

  5. #25
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    Quote Originally Posted by oberon View Post
    Oh, don't be absurd... as if the end of a nation could put an end to an entire economic model. As long as you have a market stall in a village somewhere, you will have capitalism. The US didn't invent it, and it won't die with the US either.
    This is exactly why I have added the comment in end of that statement.

  6. #26
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    Quote Originally Posted by oberon View Post
    Oh, don't be absurd... as if the end of a nation could put an end to an entire economic model. As long as you have a market stall in a village somewhere, you will have capitalism. The US didn't invent it, and it won't die with the US either.
    Well put.

  7. #27
    failure to thrive AphroditeGoneAwry's Avatar
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    I don't see how we can thrive under our current economic model, and they fact that our tax base is so low compared to how much money we like to spend. My family personally GET THIS paid about 1% federal tax this year, and my husband makes close to 6 figures. Think about that. That is just not right. I don't know anyone around me who pays much more than that. How can we fund a country and clean up after natural disasters and keep our people healthy with that kind of discrepancy?

    I see us being somebody's bitch in about 50 years--I just hope I'm not forced to learn some Asian language.
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  8. #28
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    Quote Originally Posted by Rebe View Post
    Hmm. The US is not the only one affected by the economic collapse, many other countries did. Some small European country went bankrupt, Iceland was it? If the US goes bankrupt, most all other countries will be affected. I'd think the other countries will help out. If the US loses its world power status, the whole Western sphere might lose influence against Asia/Middle East.

    It won't be the end of Capitalism, China and India are big fans of capitalism these days, no? They combine capitalism with some socialism. Out-sourcing might decrease? I don't know the specifics, but these are my generalized ideas.
    Well if US is out of "the game" that mean that some rules are certanly going to change. So what will left my not be something that many would call Capitalism.

    Also US dollar is the world's reserve currency. Which means that pretty much everybody has alot of their reserves in Dollars. In other word if US can't pay anyting anymore the dollar will become pretty much worthless. What in the end leads the entire world directly into bankruptsy/stop. What means that if we want capitalism we will have to create a new market and start from scrach once again. Since all the chains will/would broke with the economic collapse of USA.




    Or I got something wrong ?

  9. #29
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  10. #30
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    Quote Originally Posted by cafe View Post
    I don't think collapse is inevitable, but decline probably is. Our economy was built on an unsustainable model of excessive consumerism and I don't think it's going to be like that again anytime soon.

    Americans, for all our differences and faults, are pretty resourceful, though. I think it will ultimately be okay, just not quite so grand. We aren't the first world power in this position and we won't be the last.
    This is the most reasonable and likely the most accurate analysis so far.

    Quote Originally Posted by aphrodite-gone-awry View Post
    I don't see how we can thrive under our current economic model, and they fact that our tax base is so low compared to how much money we like to spend. My family personally GET THIS paid about 1% federal tax this year, and my husband makes close to 6 figures. Think about that. That is just not right. I don't know anyone around me who pays much more than that. How can we fund a country and clean up after natural disasters and keep our people healthy with that kind of discrepancy?

    I see us being somebody's bitch in about 50 years--I just hope I'm not forced to learn some Asian language.
    Yup. Tis fucked up.

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