Accounting Our Way out of the Mess

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

  1. Clyde

    Clyde Jet Set Tourer Administrator Founding Member

  2. VisuTrac

    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

    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

    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

    Cephus Monkey+++ Founding Member

    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

    TheEconomist Creighton Bluejay

    BTPost likes this.
  6. larryinalabama

    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. 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.

  8. Clyde

    Clyde Jet Set Tourer Administrator Founding Member

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