Monday, August 16, 2010

The USA is bankrupt

This is mandatory, obligatory reading.

The geopolitical machinations of the bankruptcy of the USA will be the story of the next twenty years.

16 comments:

Anonymous said...

Doesn't really matter of the US is bankrupt because they can pay off their creditors with a currency they themselves print and the Chinese and Japanese will keep on lending them money to keep their currencies down.

At the end of the day the US doesn't need to produce millions of jobs each year to preempt political unrest - the Chinese do and therefore will continue to fund the US to buy LCD TV's made in China.

Anonymous said...

Doesn't really matter of the US is bankrupt because they've got more Nukes than everyone else put together.

the Chinese do and therefore will continue to fund the US to buy LCD TV's made in China.

The Chinese CAPITALISTS will quite soon end up funding their own people (who actually WORK) to buy their own TVs. It's called a free market. You should try it sometime.

But if they stop buying from the US - BOOM!

Anonymous said...

but here's the kicker:

current federal revenue totals 14.9 percent of GDP.

In NZ - it is something like 60%
in other words, NZ needs to cut 3/4s of it's state sector to be competitive.

The most radical US option requires only a 50% cut.

Anonymous said...

That's not a kicker Sinner, that's you being a fuckwit. See if you can figure out why...

Judge Holden

Anonymous said...

Oh "Judge" - so Cameron is being a fuckwit by asking all departments (except the NHS but including welfare) to plan for either 25% or 40% cuts?

JohnKey is being a "fuckwit" when he says "NZ absolutely must reduce is overseas borrowing"?

Actually JohnKey is still a fuckwit - he thinks "compulsory saving" (aka 20% income tax rise) will do the trick.

k said...

I met someone who thinks Obama is doing a great job... he was a young lefty from Wales so that might explain it.

Anonymous said...

"The Chinese CAPITALISTS will quite soon end up funding their own people (who actually WORK) to buy their own TVs. It's called a free market. You should try it sometime."

The free market only exists in people's mind.

It's not the amount of nukes you have but how prepared you are to use them.

Nuke in France = safe
Nukes in Iran = unsafe

Anonymous said...

It's not the amount of nukes you have but how prepared you are to use them.

Right. Which is why a large chunk of Iran will be radioactive rubble in a week or so.

Osama bin Barack doesn't have the guts. But Israel does.

Anonymous said...

Riiight

Sun Tzu said "Hence to fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the enemy's resistance without fighting"

Anonymous said...

I'm pleased the IMF support the claim that the US is bankrupt. They should know after all as they have been trying to bankrupt every country they touch for years.

Anonymous said...

MacArthur said It is fatal to enter any war without the will to win it.

Only those Americans who are willing to die for their country are fit to live.

MacArthur would have won in Korea, won in Vietman, and his policies would have won in Iraq - all without losing a single American life.

Anonymous said...

"MacArthur would have won in Korea, won in Vietman, and his policies would have won in Iraq - all without losing a single American life."

Define win, like turning these countries into radioactive wastelands?

The whole point of winning the cold war was to capture resources and markets from US goods. Nuking them kinda defeats the purpose.

Anonymous said...

"Only those Americans who are willing to die for their country are fit to live."

Its also interesting to note how many republicans 'hawks' obtained college draft deferrals or cushy slots in the National Guard during the Vietnam war

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=364x1440824

By this reason McArther would have put to death almost every leading republican.

Psycho Milt said...

Define win, like turning these countries into radioactive wastelands?

That's his point, yes. But we're talking here about someone who has wank fantasies about machine-gunning commies with his Uzi, while safe in his bedroom in his Mum's house.

Anonymous said...

MacArthur?

The coward of the Phillipines whose indecision and inability to act saw much of the US airforce destroyed on the ground on the opening day of the Pacific war? I could go on about the useless arrogant trumped up old fart but history now shows him for what he was - a complete twat. He's have made a good Labour MP.

Anonymous said...

A federal tax calculator with a dollar value break down of where tax monies are spent.

http://i.usatoday.net/money/graphics/2010/taxes/flash.swf