Why can't the U. S. do this?

Originally posted by marg6043
Most of what is call America "wealth" is linked oversea, the same way that US can freeze accounts oversea so the same way it can be done to the US and their oversea links, see America is ruled by private interest and most of the wealth is oversea as America investing is also oversea, China, India and any other nation can seize any of those investments in their countries.

In todays economy most of the growth in production that America claim is not here in the US is actually oversea.

Indirectly, your point was that money is nothing but superficial numbers.

Soooo, if that's true, why worry what other nations could do (but probably wouldn't).

Additionally, a few well placed bombs will certainly wake up those in other governments who would make a move against us.

Originally posted by infinite
If you cannot pay your debts, how can you possibly pay the soldiers to fight in your army and maintain the arsenal? You cannot afford it. In the event of such action, the army will be dealing with the civilian population.

We couldn't really pay our debts 10 years ago, let alone today and the small potatoes (military pay) still keep running.

Long story short, it's coming one way or another. I'd simply prefer to be on the offensive. That's all.

You are simply not understanding why we spread our currency.

If you, or for that matter some foreign person, will accept our currency and hold it and use it for transactions then you will be bonded to us. It is a psy-lent weapon.

Now do you understand why we do it?
Now do you understand why the left hates it?
Now do you understand why America's enemies want to create a different currency?

I predict that America will militarily destroy her enemies before bowing down to them. We have always given three choices to our enemies. Listen to us and do as we say, or accept our currency bribe and transact with us, or try your luck at physical confrontation. Read Carroll Quigley if you need help with this concept.

Originally posted by Cabaret Voltaire

I predict that America will militarily destroy her enemies before bowing down to them. We have always given three choices to our enemies. Listen to us and do as we say, or accept our currency bribe and transact with us, or try your luck at physical confrontation. Read Carroll Quigley if you need help with this concept.

You may be on to something here...sadly this may be the only way out...well it's not the only way, but TPTB may see it this way.

Thanks for the replies everyone, this old dog can still learn a thing or two.

Originally posted by Cabaret Voltaire
I predict that America will militarily destroy her enemies before bowing down to them. We have always given three choices to our enemies. Listen to us and do as we say, or accept our currency bribe and transact with us, or try your luck at physical confrontation. Read Carroll Quigley if you need help with this concept.

America cannot afford to fight another major offensive campaign. Iraq and Afghanistan have literally broke the budgets. Secondly, majority of the weaponry produced for the US Army is owned by foreign companies.

And if America dips into bankruptcy, whatever military command is left shall be targeting the US population after a major social collapse. As for "taking out the enemy", President Bush changed the Taiwan policy -military support in the event of the Chinese invasion- due to the massive Chinese ownership of Treasuries.

reply to post by Signals


Technically speaking, the US has declared bankruptcy twice in the past if I remember correctly. However, its a much different world now, and if we did, it would cause an immediate depression that would last at least a decade, if not longer

reply to post by johnny2127


Ah, the old Continental currency! Think the crisis of that currency led to massive inflation and a default by the US government.

reply to post by KrazyJethro


No only money, assets and investments, but also facilities, productions industries all linked to America, from defense, security, weapons to just what we the regular joes consumes.

US defaulting on any of its debt will be the end of the US or what we have that actually worth something.

From government budget to defense spending is linked to the generosity of our debt holders.

Our nation wealth has not backing but the willingness of tax payer to keep paying the interest on that debt.

The same way that a few years back people would not believe that China will be where is standing right now is the same people that still holds to what America once was, wake up people our own system and greed has rob all of us of our nation.

Our national debt is 12.3 trillion dollars. If you add the unfunded liabilities (social security, Medicare,the wars, Medicaid) its 107 trillion. Mind you our GDP is 14.6 trillion. China, India, Russia,Brazil are secretly getting out of the dollar and buying oil,gold,silver,land zinc,platinum etc. We are going to face dire straits in a couple of years. Soviet society were prepared for a collapse. We are not. America will suffer a fall of such magnitude that this country will become almost unrecognizable. At some point the destruction of both our economy and our liberty will become so profound that a dramatic event, probably sudden rather than gradual, will occur and will mark the end of one phase in this nation's history and the beginning of another. We will go from a first world nation to sixth world nation. It will be 1000 times worse then the depression in the 30s. Unspeakable horrors will be unleashed.

If the US declares bankruptcy in the global economy that we live in now, things would get very ugly all over the globe. There would be a ripple effect of defaults and bankruptcies, not only of countries, but also for companies, states, and municipalities. In all likelihood, it would probably end up causing a war. The US needs to dramatically reduce its spending, stop borrowing money, and very slightly raise taxes. Then it needs to pay off its debt and move forward. If we can either come up with a renewable energy source, or actually talk liberals into letting us drill for and refine our own oil, energy independence would be huge as well. But one thing is certain, the path we are on now and the policies of DC cannot continue.

reply to post by Bklynmilitiaman


Is been happening a littler bit at a time, our biggest employers now is the small business sector that counts for about over 90 percent of the employment but those jobs are on what is considered minimum wages, the big corporations still in the US employs only the top 3 percent that means they are the highest pay roll in the nation but only for 3 percent of the population.

We have a hole in the middle the creators of the middle class those were the industrial and production force.

Now that small businesses are facing the worst of the economic meltdown jobs creation even at the minimum wage level is no safe.

Originally posted by marg6043
reply to post by KrazyJethro

 

No only money, assets and investments, but also facilities, productions industries all linked to America, from defense, security, weapons to just what we the regular joes consumes.

US defaulting on any of its debt will be the end of the US or what we have that actually worth something.

From government budget to defense spending is linked to the generosity of our debt holders.

Our nation wealth has not backing but the willingness of tax payer to keep paying the interest on that debt.

The same way that a few years back people would not believe that China will be where is standing right now is the same people that still holds to what America once was, wake up people our own system and greed has rob all of us of our nation.

Before we get too far into this, what I tossed out is not what I would say would be my chosen solution to the problem.

With that said, it won't be easy in any regard. Any way we turn we will get hammered without massive systemic change. Change that has no basis in political reality.

I have no illusions about our financial status, and am pretty sure that our financial situation will lead to more defensive and offensive wars because those in power have no inclination to do a 180.

reply to post by Bklynmilitiaman


Where is your source for the unfunded liability debt? Last time I checked, it's 12 trillion, but only 750 billion to the Chinese, 650 billion to the Japanese, and about 100 billion to the European countries. The rest is to ourselves.

If we were to declare bankruptcy? Yes technically, the Chinese can't do anything about it. Imagine your little brother letting you borrow money and now he wants you to pay it back. You say no, and since you're bigger and have all kinds of guns, he can't do anything about it. Right now, China is too weak to do anything, if the U.S were to turn on them.

However, to create animosity between two countries over 750 billion is a bit much. Heck, we could have just paid that back with the bailout money. Now we could just try to pay it back bit by bit, or we could go with my previous suggestion, and that is, offer the poorest in their countries the abundant empty houses that we have at a price, enough to solve the debt. China has a population problem, so this would solve two problems at once, and may even help decrease racism to boot.

We're already accepting a ton of immigrants, so what's a few more really?

[edit on 13-1-2010 by np6888]

reply to post by np6888


Yes US could default on the monetary debt, but remember the network of foreign base US industries are worth more internationally those would be seize in heartbeat.

reply to post by Signals


You think they want to stop spending? Not a chance.

Originally posted by johnny2127
If the US declares bankruptcy in the global economy that we live in now, things would get very ugly all over the globe. There would be a ripple effect of defaults and bankruptcies, not only of countries, but also for companies, states, and municipalities. In all likelihood, it would probably end up causing a war. The US needs to dramatically reduce its spending, stop borrowing money, and very slightly raise taxes. Then it needs to pay off its debt and move forward. If we can either come up with a renewable energy source, or actually talk liberals into letting us drill for and refine our own oil, energy independence would be huge as well. But one thing is certain, the path we are on now and the policies of DC cannot continue.

I am as conservative as they come, but I will never understand why on earth everyone wants to drill our own oil so quick. This is the one thing I do not agree with. If there is only so much oil in the world, for the first thing we just need to get off oil all together. For the second thing, use theirs first. When all the other oil in the world is gone, then we still have ours.
To me it seems simple.

As far as the OP goes. We do not need to file bankruptcy. We just switch to a new dollar. One not by the private bankers. The rest of the world can piss up a rope.
We have the means to be self sustaining if we choose to. We can make everything we need right here.
China would be totally screwed if we started making things again. They are totally dependant on us, not the other way around.
If we do not buy there crap that they make, thier over inflated money will fail a lot quicker than a blink of an eye.
Their military is a big joke. They do not have much in the way of high tech weapons. Most of what they show has been photo shopped at best.

reply to post by j2000


The crap that China made is not solely China invested, you have to understand that with the Global economy most of US companies operates in China, India and Asia this companies are the ones that are making the crap with China labor and investments profits that we buy.

We are so linked together that if US bankrupt China, India and Asia just take over everything that US has invested in their nations.

When the Romans conquered ancient Germania, one of the first things that they imposed on the Germans were taxes.
This is what lead to the eventual revolt of the Germans against the Romans as well as their ousting.

The US is already in receivership to the FED and is why the circulated gold currency was called in in 1933. this Gold coinages was much of the wealth of the US and the FED took it all in because the US Govt was already bankrupt.

A very good book entitled "Goodbye April 15th" admonishes this fact.
When you pay your taxes, the cancelled check reads something along the lines of

"Pay Any F.R.B. Branch or General Depositary for Credit U.S. Treasury
This in in Payment of U.S. Obligations Must be paid and Par N.P.
Do Not Wire Non Payment. 2--09-2800
Director I.R.S. Ctr., Philadelphia, PA."


In Essence, the US is in Receivership to the Receiver, The Federal Reserve Bank. It, the FED, the creditor, is receiving our tax payments as in any bankruptcy. After a bankruptcy, the insolvent's accounts receivables go straight to the creditor.

The bottom line is this, as long as Joe Q Public is paying his income taxes these are used to pay the debtors their interest payments on their debt instruments such as Treasuries.

The Rothschilds figured out long ago that lending to govts, and using the tax revenues as collateral was much more profitable than lending to individuals.

This is primarily why tax protesters such as former IRS agent Sherry Jackson who requested to see the actual law requiring US Citizens to pay Federal Income Taxes are locked away and silenced.

Elaine Brown, of New Hampshire, another tax protestor who had also requested to see the law was recently sentenced to 35 years, for not taxes, but trumped up weapons violations after a standoff at their home..

So in a nutshell that is it. The govt is banking on your tax revenues for your entire working life. Multiply that by the number of US taxpayers and you get an idea of the revenue they're pulling in.

The govt only have to pay the interest on the debt with no intent of ever paying it off the principle, so in essence, they can borrow as much as they want.

No wonder they want to welcome in more illegal aliens , if only to give them a SS# and add them to the rolls of American taxpayers !!
Get it ?



The Truth Shall Set You Free

Originally posted by np6888
reply to post by Bklynmilitiaman

 

If we were to declare bankruptcy? Yes technically, the Chinese can't do anything about it. Imagine your little brother letting you borrow money and now he wants you to pay it back. You say no, and since you're bigger and have all kinds of guns, he can't do anything about it. Right now, China is too weak to do anything, if the U.S were to turn on them.
[edit on 13-1-2010 by np6888]

You'd be like Argentina. Shunned by investors. And oil will skyrocket for your people since your currency will collapse. You can drill locally, but that will take time and money. That investors, foreign or American, will probably not bankroll.

But as I've said in another thread, the world will not allow the US to default. Not just yet, until a replacement is found. And that will be China.