Accounting Our Way out of the Mess

Discussion in 'Financial Cents' started by Clyde, Mar 13, 2012.

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  1. Clyde
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    Clyde Jet Set Tourer Administrator Founding Member Site Supporter

  2. VisuTrac
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    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    hell, it's only a bunch of zeros.
    How bad can it possibly be.
    it's not like gas is 15x more expensive than in 1973
    or milk
    or bread
    eggs
    cheese
    sugar
    flour
    tires
    batteries
    cars

    frick, never mind I'm going back to my ignorant bliss. I like it better that way.
    oldawg and Sapper John like this.
  3. larryinalabama
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    larryinalabama Monkey+

    Only a fool would think the the USA goobernment debt will ever be repaid.

    Anyon remember the "Pyrimid Scemes" you buy in for a thousnd $ and exit out with 16k if people keep putting a thousand. Never did it and everyone I know that did lost their axx.
  4. Cephus
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    Cephus Monkey+++

    If there is away out of what is coming I haven't heard of
    it or read about it .They have the country in to deep and there is a hole in the boat !!!
    larryinalabama likes this.
  5. TheEconomist
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    TheEconomist Creighton Bluejay Site Supporter+

    BTPost likes this.
  6. larryinalabama
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    larryinalabama Monkey+

    Actually Greece might be better off in the long run, now comparison on the size of the econominies but greece will gon down first therefore
    comeback first.

    I dont see anyway to pay back the currrent us debt and at some point in time the ability to borrow will end.
  7. Thaddius Bickerton
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    Thaddius Bickerton Monkey

    It is the devalued FRN.

    If you convert to Gold things still cost about the same. Not that it helps unless you hold gold speci / bullion, but people seem to miss the point that the Fed it fiating out currency into a 1920's wiremire republic mess.

    Thad
  8. Clyde
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    Clyde Jet Set Tourer Administrator Founding Member Site Supporter

    What about all the unfunded future liabilities? Add those to your numbers. We just cook the books to buy time

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