The Future of the United States of America

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Nov 6, 2007
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Anomynous 167 said:
Johnnyallstar said:
so far it looks as if we're indebting our children to the chinese by borrowing nearly a trillion dollars, putting the schip program within the "stimulus" package is weedling us towards full on socialism, and the businesses of america are getting less responsible with bailouts being offered at every corner.

it makes me sad to se her in such states.
Don't exagerate! You guys haven't even thrown out a billion dollars from your last bailout.
More like around 900 Milliard $US
the captain said:
Look, everyone bitches about the bailouts and how we're "Morgaging our childrens futures" but if you do the math then people would realize that 1 trillion dollars divided by the US population is less than $5000 per person. I know channel like fox news like to act like its a hole we'll never dig ourselves out of, but if we can be fiscally responsible, we could erase this debt with in the next 4 years. Don't get me wrong, things are bad out there, but they just try to make it sound worse than it really is to fill the 24 new cycle.
DONT YOU AMERICANS DO MATH? should be atleast 100000$ when the cash is devided.
One Trillion dollars divided amongst the U.S. population would equal $3291.00 per person. Exactly.
 

Silver

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Jun 17, 2008
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Of course the country will bloody recover. If it will do so valiantly is another issue, hopefully not. It's time the American people learned some responsability.

Seriously, the problems aren't as big as they seem, you just have to realise where the problem actually lies, and that's in your attitudes and your system, both economical and political.

Either you won't, and you'll still get back on your feet, and whine about how bad things are.

Or you'll realise what's wrong, start improving yourselves and your country, and make life better for everyone. Yeah right.

Or the country will fall enough, and enough people will be out of jobs, not get kids, and slowly die, that the rest of the people easily can pull themselves together and fix things. Just a matter of time.

Hell, you might even realise that having a so big national debt your sign isn't big enough is a clear sign you might want to start to get rid of it (the debt), instead of celebrating by building it bigger (the sign).
 

Lavi

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Sep 20, 2008
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Moral of the story? My country's fine (though a giant wussy spazzcake), yours is not. HEHE.

Aka, stop worrying.

EDIT AGAIN: 10 trillion = perma-debt
 

Vigormortis

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Nov 21, 2007
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I actually think Mexico or China will crumble before any other country at this point. With tensions mounting and aggressive attacks by drug lords increasing in number and severity, things don't look promising down there. Not to mention how much more power and influence said "drug lords" are gaining in Mexico's government. As for China, I can't help but look to the past. Several times over a span of hundreds of years in China's history, there were points where the Chinese government seemed very powerful and successful, but the truth was only a part of the country was basking in the wealth and prestige that came with their success while the other portion of the country (the vast majority) lived in poverity and suffered from severe famine. Nearly the exact same situation is taking place as we speak. When it happened in the past, coups were mounted and governments collapsed. Somehow I don't think the current situation will end well either.

Our economy here in the US is in one hell of a slump, but it's at least slowing down and has begun to climb again. I doubt it'll return to normal or even any kind of safe level for a while, but I really don't see us falling into a depression just yet. We've been in much, much worse economic downturns than this, and we pulled through quickly enough. However, this new spending bill, sorry, stimulus bill will do nothing but throw us farther into a recession. Some of what was put in it could very well help us start to rebuild, but there's so much useless spending on top of that that it all but renders any useful aspect of it moot.
 

Vorocano

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Jan 8, 2009
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Come on Nibbles, if you're going to spout stuff like this at least try to get your numbers right. Canada's national debt at the start of this year was around the $430 billion mark. That's going to go up with our government spending so much this fiscal year (really they're starting to lose the right to call themselves Conservatives if they keep spending like drunken sailors) but it's still not likely to get near the number you dashed off for some time.

The simple fact is that in the States, both sides are to blame for the financial woes. This was all kicked off by too many people defaulting on their mortgages. Now the anti-corporatists blame the banks for predatory lending. The corporatists blame the people for borrowing beyond their means. Very few are placing the blame squarely where it belongs: with both groups. Yes, the banks made loan money too easily available, and took too much advantage of relaxed government oversight. But no one held a gun to these prospective homeowners' heads and forced them to borrow tens or hundreds of thousands of dollars for a house when they were only making minimum wage or slightly better.

To blame this on the American Dream is technically correct, but such a gross oversimplification as to border on the absurd. Yes, becoming better off is the American Dream; it's made tangible in a big house, new car, etc. But the unspoken, common sense corollary (that has sadly been forgotten) is to do it reasonably. But people have become accustomed to living beyond their means. They're so obsessed with keeping up with the Joneses (or just with having their every wish fulfilled right now) that they pay for things now with money that they hope to have later. And that was the real problem. People were so sucked in by the idea that they could buy a house that they never should have been able to afford (and that any banker worth his salt should have turned down their loan application) right now instead of working for it, that they bought, assuming that they'd always be able to make their payments. Then, when their work situations changed, or the banks altered the terms of the loans, their whole finely balanced house of cards came crashing down, and they had to default. Which is fine if it happens on a smale scale, but it happened all over the place, and that set off the chain of events that has left us all here.

As to whether the United States will pull out of this, well I have a great admiration for the spirit of the American people when the chips are down. I believe that the country will recover. It may take longer than your average recession, and I hope that it makes people and governments smarter when they're out of it, but all these doomsayers predicting that the American economy will collapse (and as a result all of us will be reduced to savagery, apparently) are woefully misinformed.

And you anarchists that just "want to watch it all burn" might be careful what you wish for. You know what happens when "it all burns?" The basic form that anarchy takes is thus: might makes right. The ones who have dominate the ones who don't. Let's face it, the only good that your "free exchanges of ideas" and "artistic spirit" will do you in a true anarchy is to give you and your fellow serfs something to talk about while you toil for the man that has the guns and the food.
 

cystemic

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Jan 14, 2009
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I feel so sorry for all the Americans who have to face this now, Australia hasn't been hit as hard so I think we'll get through this without too much trouble but Obama has enough pressure on him to rival being sat on by 16 elephants at the same time
 

Vorocano

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Jan 8, 2009
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Cheeze_Pavilion said:
L.B. Jeffries said:
The Baby Boomers and Gen-X crowd are going ***** about the life they robbed themselves of,
How exactly did Gen-X rob themselves of anything?

+++

Look, this has nothing to do with plasma tv's or SUV's or any other 'moral' explanation.

What you're seeing happen is all the fault of our banks and our credit rating agencies screwing up. They wound up with all kinds of bad debt because the credit rating system failed.

http://www.iht.com/articles/2007/05/31/bloomberg/bxinvest.php

Without those CDOs getting credit ratings they had no business having, none of this would have happened.

Basically, the people with all the money screwed up big time, and they're taking the economy down with them. Don't you just love the free market?

http://dealbreaker.com/2008/02/stick_figures_explain_cdos_and.php
I refer you to my above post. Yes, the banks and rating agencies are at fault, but no one forced people to take out loans on these expensive houses that were beyond their means to pay.
 

McClaud

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Nov 2, 2007
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I love reading threads full of people who think they know something about something they know nothing about give their forecast for the United States.

Listen - watching so called "experts" on Fox News or CNN or what have you does not make you "knowledgable" on the subject. In fact, the media likes to invent experts from the people who have the most invested in trying to make you think in sync with them (like the "expert" that Fox News threw out there for the analysis of bank nationalization ... uh, Republican lawyer does not the greatest ANALYST make ... hello). The closest-to-truth prediction I can see is the one given by the Captain AND Vorocano.
 

McClaud

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Nov 2, 2007
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Doesn't help you have scam artists like Bernie Madoff running ponzi schemes and stealing virtually billions set aside for retirement, charity, support organizations, etc.
 

SimuLord

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Aug 20, 2008
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I'm cautiously optimistic. This economy's been a huge wakeup call for us. We've learned once and for all never to trust a salesman, we don't trust Wall Street or the corporations, and we're not going to let them lead us down this road again. I have a certain fundamental faith in people, mostly because every person I've ever met outside of the Internet has been eminently reasonable and decent, and it is that knowledge that keeps me from succumbing to the massive party of groupthink and Stupid that so often promulgates online (Lowtax was dead-on with his site's slogan).

It may not sound good to the elitists, but the common man's been through worse and the common man will lead us back to far better. We're just a little bit screwy right now because of our great failing as a nation---we trust authority a whole lot more than we should, but watching authority in government and business fail us will break many of us of that spell.

I've been actively rooting for this sort of outcome for years - much like Tyler Durden I believe the only way we're ever going to get anything better is to utterly destroy and grind into dust the crap we've got now.
 

Lonan

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Dec 27, 2008
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Frankly, it is in the nature of many Americans to go after shiny things, and I will be outraged if the United States is still in control of the world economy when this reccession ends. China is a far more dependable nation, because of their regulation, and their people are loyal to their government. I think we should focus on propping up China to move the world away from it's reliance on the United States. Frankly, we will all be under the control of Americans financial decisions again when this over if we don't shift away from them. To all those Americans who are good people, and don't deserve this, I'm sorry, but it must be done for the good of everyone. If we let people who consider not having enough money to buy something to be no obstacle, then this will happen again. They (the dumbs) aren't all going to just change their deep rooted nature's because of Obama, they most likely don't like him anyway. The United States was responsible for the Great Depression, and it's responsible for this one. How many more will it take to push them away once and for all? Third times the charm? Innocent people around the world are being laid off because of this primarily American causes crisis, and we all want to forget everything we've ever thought about about the United States and hold it's hand in comfort and friendship because we're all in love with Obama. Obama will not bring back the United States. He will not end this recession. It was eighty years between the first economic crisis the U.S. caused and the second. Anything he instills in his people will be long gone by the time they screw up the world again, as was the case with the frugal teachings of the Great Depression. It's time for those of us who aren't American to start trading with each other. Sure, extend a helping hand and don't let the good people of the U.S. go to hell, but for the sake of putting a stop to the rest of them, we must push ourselves away from the United States. Billions of people, hundreds of countries, are sick of having their families, their friends, and their countries suffer for the mistakes of Americans. Let us make sure that the United States can never harm the world again.
 

McClaud

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Nov 2, 2007
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I'll agree with you Lonan that countries outside of the US should probably not rely on the US as heavily as they have in the past. It would be good if they built up some diversity to prevent such economic upheaval in the future.

But the fact is that it's not the majority of Americans who caused the recession. And it's not entirely Americans in absolute control of the variety of financial institutions that caused the backlash. AIG had a few irresponsible board members who were GERMAN and ENGLISH in there, for example. In fact, Citibank has a few SAUDI brokers who went along for the ride.
 

101194

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Nov 11, 2008
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Eh, It doesn't matter One Nations Demise will be Another ones Age, Time isn't really relative, There'll still be a US and it will probably be a pretty nice place. It just won't be like "America Fuck YEAH!" all the time and the Chinese might take over the Superpower Rains but hey? There Countries fucked up poluted so they might breed a Horrible ass mutant virus and all die and A new Country will step up to the rains "Go Austrailia" and take the Superpower roll. Republic's usually die Voilently Ciziten Rebulic's Usually Die by there own cizitens Hands. Communistis Usually fuck there System up. Kingmenship usually works out fine till they get there heads cut off. I don't know I think I just Ramboled on.
 

Anomynous 167

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May 6, 2008
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EvilEngineNumberNine said:
Anomynous 167 said:
Johnnyallstar said:
so far it looks as if we're indebting our children to the chinese by borrowing nearly a trillion dollars, putting the schip program within the "stimulus" package is weedling us towards full on socialism, and the businesses of america are getting less responsible with bailouts being offered at every corner.

it makes me sad to se her in such states.
Don't exagerate! You guys haven't even thrown out a billion dollars from your last bailout.
More like around 900 Milliard $US
the captain said:
Look, everyone bitches about the bailouts and how we're "Morgaging our childrens futures" but if you do the math then people would realize that 1 trillion dollars divided by the US population is less than $5000 per person. I know channel like fox news like to act like its a hole we'll never dig ourselves out of, but if we can be fiscally responsible, we could erase this debt with in the next 4 years. Don't get me wrong, things are bad out there, but they just try to make it sound worse than it really is to fill the 24 new cycle.
DONT YOU AMERICANS DO MATH? should be atleast 100000$ when the cash is devided.
One Trillion dollars divided amongst the U.S. population would equal $3291.00 per person. Exactly.
The American trillion or the British trillion?
EDIT: LETS NOT GO OFF TOPIC AND IGNORE MY POSTS OK?
 

Anomynous 167

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May 6, 2008
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the captain said:
Anomynous 167 said:
Johnnyallstar said:
so far it looks as if we're indebting our children to the chinese by borrowing nearly a trillion dollars, putting the schip program within the "stimulus" package is weedling us towards full on socialism, and the businesses of america are getting less responsible with bailouts being offered at every corner.

it makes me sad to se her in such states.
Don't exagerate! You guys haven't even thrown out a billion dollars from your last bailout.
More like around 900 Milliard $US
the captain said:
Look, everyone bitches about the bailouts and how we're "Morgaging our childrens futures" but if you do the math then people would realize that 1 trillion dollars divided by the US population is less than $5000 per person. I know channel like fox news like to act like its a hole we'll never dig ourselves out of, but if we can be fiscally responsible, we could erase this debt with in the next 4 years. Don't get me wrong, things are bad out there, but they just try to make it sound worse than it really is to fill the 24 new cycle.
DONT YOU AMERICANS DO MATH? should be atleast 100000$ when the cash is devided.
Actually, you might want to look up the differences between what a billion is in certain countries. It is calculated as different amount between these separate systems. In short scale one billion is equal to 10^9 where as in long scale it is equal to 10^12. So before you start correcting people, you might want to do a little bit of research so you don't come off as a complete retard.

edit- I just looked at you profile page and I saw your date of birth. Therefore, I'm sorry, you're not retarded, just very young. You also might want to complain to your math teacher for not teaching you these kinds of things.
Actually I already knew that, thought I'd act like a smart arse (Didn't work)