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What happens after the U.S. goes bankrupt?

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posted on Sep, 12 2009 @ 06:45 AM
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Fascinating series of interviews dealing with what happens when America can't pay its bills anymore
(Long running time - interesting bits at 41:15).


"Reorganizing" the Americas for big business.

Link:
www.brasschecktv.com...




posted on Sep, 12 2009 @ 07:02 AM
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I haven't watched the videos yet...
but did they mention war...that is what usually happens when a nation doesn't pay their debt....war is used as a means to balance the accounts...
which might explain why the gov't now owns the auto makers.....for some reason, I got a feeling that they will be cranking out our military's war machine relatively soon.



posted on Sep, 12 2009 @ 07:08 AM
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ALL YOUR BASE ARE BELONG TO US...
HA HA HA HA....



posted on Sep, 12 2009 @ 07:09 AM
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No brainer.. wede go back to midevil times/stone age, after riots break out, people go ona hunger and survival spree, gangs taking over governemnt offices...think of the movie with kurt russsell...escape form LA or NY



posted on Sep, 12 2009 @ 07:10 AM
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It's creditor...yes there is only ONE, will sieze it and quietly restructure it into a new organization. One day people will understand that money, like matter, can be neither be created nor destroyed; bankruptcy is an illusion and war is not possible.

Control is fantasitic...there is no way out this time but accounts will certainly be settled!

[edit on 12-9-2009 by IDK88]



posted on Sep, 12 2009 @ 10:11 AM
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reply to post by IDK88
 


If there was only ever one creditor then there wouldn't be need for war. I think there are a few powerful creditors that use policy and business to push fight with each other, to see who can gain the most control.

To make more money they have to give out more, when people don't pay they have to give everyone a shake with war basically restructure, the same way a corporation would.



posted on Sep, 12 2009 @ 10:30 AM
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reply to post by threekings
 


I am certain there is only one creditor and one or more groups pretending that something is owed to them when in fact they have no enforceable claims whatsoever to that which they claim to be their property or privaleges.

The wars are fought between those one or more groups...sometimes they unite against the true creditor and sometimes againtst one another. Specific to these current events the true creditor has proven himself to be unapproachable, unmoveable and cannot be charmed or tricked with childish games.

As it is, the true creditor has no reason to field an army nor fight nor bicker nor prove...he just sits back and watches as lying fools cannibalize one another, apparently unaware that they fight and die for nothing.

They bet their careers, reputations, homes, families and lives only to receive NOTHING in return for their sacrifice. When they have exhausted all options, all forebearance and all appeals....and are sitting back looking over the ruin that is their reality...then they, and you apparently, will realize who really owns this planet and everything on it.



posted on Sep, 12 2009 @ 10:57 AM
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What happens when the USA goes bankrupt?? the Banks win big time and all those nice social programs go bye bye. That is why bankers absolutely love the democrats and big spending - big debt Socialism. They love republicans too because of the pro bank pro corporation laws that favor the big guy over the little guy. Republican or democrat it is win - win for the bankers and lose- lose for the little guy they are stealing wealth from.

Remember banks exchange worthless fiat money, created out of nothing, in the form of loans for your real wealth (labor)


Here is what happens to countries that bankrupt. Essentially the bankers take control of the government and the Corporate Cartels buy up everything as citizens are forced into bankruptcy. The farmers in the USA and around the world have been yelling about a take over for the last few years but no one would listen What Is the WTO Sanitary and Phytosanitary (WTO-SPS) Agreement? Much of the trouble seen now can be traced back to the World Trade Organization Agreements.



This is what happens when a country bankrupts.



Structural Adjustment Policies are economic policies which countries must follow in order to qualify for new World Bank and International Monetary Fund (IMF) loans and help them make debt repayments on the older debts owed to commercial banks, governments and the World Bank....

SAPs generally require countries to devalue their currencies against the dollar [or the new international standard]; lift import and export restrictions; balance their budgets and not overspend; and remove price controls and state subsidies....

Balancing national budgets can be done by raising taxes, which the IMF frowns upon, or by cutting government spending, which it definitely recommends. As a result, SAPs often result in deep cuts in programmes like education, health and social care, and the removal of subsidies designed to control the price of basics such as food and milk. So SAPs hurt the poor most, because they depend heavily on these services and subsidies....

By devaluing the currency and simultaneously removing price controls, the immediate effect of a SAP is generally to hike prices up three or four times, increasing poverty to such an extent that riots are a frequent result. Source



posted on Sep, 12 2009 @ 10:07 PM
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Accoring to Griffen's book TCFJI the US (amd several other countries) have gone bankrupt several times. They 'usually' (not always) fall back on the standard.



posted on Sep, 12 2009 @ 10:14 PM
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I guess everybody would find out a derivative is a widget (An unnamed or hypothetical manufactured article.) And they would offer you a IOU one widget as collateral for your services.



posted on Sep, 12 2009 @ 10:14 PM
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reply to post by karl 12
 


America went bankrupt in 1933, google "HJR-192". There is no "money" in circulation, not since then.



posted on Sep, 13 2009 @ 08:04 AM
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reply to post by pluckynoonez
 





There is no "money" in circulation, not since then.

That is when they killed the gold standard.

Now there is a "fiat currency" in circulation but it is not backed by anything except the word of a bunch of corrupt politicians. They exchange the worthless "fiat currency" for your labor and products and the Fed and politicians inflates it as a hidden tax.

Remember each time the money supply increases the price of things increase
In 1959 the money supply was --- 50.1 billion -- minimum wage $1.00
In 1974 the money supply was --- 101 billion -- minimum wage $2.00

In 1985 the money supply was --- $205 billion -- minimum wage $3.35 (should be $4)
In 1994 the money supply was --- $ 406 billion -- minimum wage $4.25 (should be $8)

In 2006 the money supply was --- $808 billion -- up $402 billion.
In 2008 the money supply was --- $831 billion -- up $23 billion. -- minimum wage $5.85
(should be $16)
In 2009 the money supply was -- $1663 billion..--. up $921 billion . -- minimum wage should be $32)

In fifteen years they quadrupled the money supply. They means a 2009 dollar is worth a 1994 quarter, we can see the result in the rise in the price of everything. For example something as basic as my hay and grain prices has more than quadrupled. To compensate and pay workers a wage equal to that of 1959 to 1974, minimum wage should be five times what it actually is.

When the FED and Banks take the newly created money and play their fractional banking games with an authorization of a reserve as low as ZERO. you can watch our prices rise by a factor of ten. And now Obama wants to raise the debt limit AGAIN!

Can you say run away inflation?







 
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