-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
Who Holds America's Debts ???
- Thread starter GOD IS MY DOG
- Start date
when USD crashes, a worldwide depression will come..........far far greater than the one in the 1920's........
China will collapse..........the Communists will be overthrown............
it will take forever to recover becoz USA not a factory anymore like in the 1st Depression so any money thrown into the system will be diluted to the outside world..........
the biggest bomb with be the USD1400+ TRILLION derivative scam.................
S$ become bigger than US$???
Me thinks singapore will join other counties and devalue it currency. Swiss "devalue" its franc yesterday by lowering interest rate. Today Japan announce that it will weaken the Yen.(devaluation) Who wants an overvalue currency. Better learned from US mistake . Greenspan created the super dollar during the Asian financial crisis and see what happened to the US
Me thinks singapore will join other counties and devalue it currency. Swiss "devalue" its franc yesterday by lowering interest rate. Today Japan announce that it will weaken the Yen.(devaluation) Who wants an overvalue currency. Better learned from US mistake . Greenspan created the super dollar during the Asian financial crisis and see what happened to the US
Last edited:
The world will still operate but economy may have to re-start and that may be a good thing.
It's not the first time that USA has default their USD bond holders. After WW2, anyone holding USD used to be able to convert to gold from the US gov. That's why we call USD in Chinese "Mei Jing" meaning "American Gold". However, in the late 60s to 1970, because of the Vietnam war, US printed so many USD that they can't continue to maintain the USD convertibility to gold that in 1971 President Nixon had to cancel this arrangement and go on a default on all convertibility agreement. This is also known as the "Nixon shock". For details of this you can google it or read it here in the wikipedia page. http://en.wikipedia.org/wiki/Nixon_shock
So it's not the first time that US default on it's obligations.
Not that there are enough gold in the world to back all the USD printed in the world and all the money made from thin air in the first place
http://en.wikipedia.org/wiki/Fractional-reserve_banking
this was one of the most absurd thing i learnt in Macro economics, $100 becomes $9999 by lending it around.
Putin says U.S. is "parasite" on global economy
http://www.financialmirror.com/news-details.php?nid=24109
Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means "like a parasite" on the global economy and said dollar dominance was a threat to the financial markets.
http://www.financialmirror.com/news-details.php?nid=24109
Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means "like a parasite" on the global economy and said dollar dominance was a threat to the financial markets.
Putin was telling the truth unlike our LKY only know how to carry USA balls.
salah liao.............countries devalue their currencies like Swiss and Japs becoz they're depending on exports............
already the Japs losing market share to the Germans and Koreans in car market..........
Swiss chocolates getting more dear leh............LOL
when you hear more bad news from the big commercial banks regarding multi-billion dollar losses from derivatives.....................
that's when you know the end is near..............
that's when you know the end is near..............
The below graph shows US spending at 24% of GDP. But its income from taxes, etc is less than 20%. Like the parasites feeding on the hosts, the US is using the USD reserve status to grab your money to spend.
It is also not surprising that in the late 1960s, the US is unable to fix its paper money to gold. But the cold war & demographics (read babyboomer generation) are able to hide some of the issues that the US faces today.
[h=3]The History of US Government Spending[/h]
Last edited:
Similar threads
