It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

The US is in debt.. so what?

page: 1
0

log in

join
share:

posted on Feb, 7 2009 @ 10:56 AM
link   
I am kind of new at trying to understand all this but if we are in such bad debt to the banks why can't we just eventually tell whoever we owe bad beat we aren't paying you and go on with our lives. The US has the strongest military in the world.. could we not just kill our opposition and then start over? someone explain to me




posted on Feb, 7 2009 @ 11:19 AM
link   
Yeah, why not tell China they arent going to pay them back. Because a billion man army and communist govmn't would love to hear that.



posted on Feb, 7 2009 @ 11:28 AM
link   
Having a billion draftees and having the ability to transport them over are two different things. Nuclear is somewhat off the table because they definitely would not be paid then.

Nah, we can just keep on ignoring the calls from the bill collectors and hope they give up...seems to be the new American way anyhow. But then again, going postal on the repo men might be the next big thing too.



posted on Feb, 7 2009 @ 11:37 AM
link   
As said, which countries would gladly accept that?

And then you have interconnected agreements all over the place, this would effect imports, exports, trade agreements, employment in corporations based in several nations.

Just America declaring a problem causes all of these things anyway. Just look at how all this started, America showed there was a problem and immediately every other nation caught it too.

If the $ was wiped out, literally became null and void, the entire global economy would see Armageddon within a day.



posted on Feb, 7 2009 @ 11:54 AM
link   
ignore the people we owe money too, okay fine.

But then when we needs things like you know EVERYTHING since we don't produce it here in the USA thanks to the last 4 presidents we will be SOL.

Sorry, we are a DEPENDENT Nation today, we rely on goods and services from other nations because we dismantled our own ability to PROVIDE FOR OUR SELVES.

Get use to the idea of paying off China for the rest of your lives folks...



posted on Feb, 7 2009 @ 12:07 PM
link   
reply to post by jpm06002
 


We could do that. We certainly wouldn't be the first. There's nothing anyone could do to force payment, either, not when the US has about 3,300 nuclear warheads on hair trigger alert.

So what's the catch? For one, it would destroy the ability of the US to borrow funds overseas for a very long time. In order to do so, we would have to pay exorbitant rates of interest. It would also destroy the value of the dollar and, as such, affect international trade. Second, it would destroy the US' credibility in international affairs and international business dealings.

But you're right, it IS an option and it is not necessary to pay the foreign portion of the debt IF you're willing to live with the economic consequences of defaulting on the debt.

[edit on 7-2-2009 by vor78]



posted on Feb, 7 2009 @ 12:09 PM
link   
once we dont pay it back

the world will hate us




posted on Feb, 7 2009 @ 05:22 PM
link   
Well, the problem isn't that China will send it's armies at us.(They wouldn't get passed Compton anyway) Or that Japan will hit Pearl Harbor a second time, or that the Saudis will do anything militarily. It is a new age, and new warfare.

If we can't pay back our biggest creditors(Mentioned above) then we default. Their money pulls out, our money becomes worthless overnight, we become a third world nation. Our creditors reinvest in their own economies and the rest of the world will let us drown in a sea of inflation until we crap the dollar, use the Amero or world currency and get on tract with the globalist Agenda. The best way to do that is to break the American "We'll do it ourselves" spirit, and get the might and economic potential of America to be in line.

This sounds like a conspiracy theory, but the rest of the world is about sick of American dominance and they won't put up with it much longer. Gold is the mechanism they will use to bring about our destruction. The rest will be a forced hand. 20 years later we're part of the NWO. Only this won't be what many on the site think it will be.



posted on Feb, 7 2009 @ 06:35 PM
link   

Originally posted by jpm06002
can't we just eventually tell whoever we owe bad beat we aren't paying you and go on with our lives.


It doesn't work like that, running a country is like running a business. If you don't pay your creditors.. you don't get credit.

China on its own could crash the $ now if the US decided not to pay up. That in turn would turn the US into Zimbabwe in the space of a couple of months while the rest of the world moved on.



The US has the strongest military in the world.. could we not just kill our opposition and then start over? someone explain to me


The US against its creditors.. ie.. China & EU
It can't win that war in Afghanistan, how do you think it would pull this off.
Invade China..


And there's a lot more to the way the world works than war and having a bigger stick than your competition.
Ever hear of economics? You should check it out. I hear its important.




once we dont pay it back

the world will hate us


I think that already happened under Bush



posted on Feb, 7 2009 @ 06:39 PM
link   
It's a big deal now because there isn't enough money to fund companies and programs and pay the salaries of all the people who work. Not enough to fund new technology or research, the markets around the world are a tad frozen. That's because of inflation and irresponsible spending.

So we pretty much can't afford things anymore, as individuals (for many) and as a country. And other countries are having the same problems. Companies don't have money to pay salaries and fund projects so they are unemploying people.

Kind of a sticky situation. Snowball effect.



new topics

top topics



 
0

log in

join