posted on Jan, 17 2013 @ 05:20 AM
Originally posted by thelongjourney
And this is why people make fun of conspiracy theorists. Mathematics says nothing like "it should have happened by now", and anyone who understands
basic economics never thought the US was close to economic collapse. The debt limit has ALWAYS been raised, were actually WITHDRAWING troops from
I know I'm preaching to the wrong choir here. I am just so tired of people fear mongering over a collapse that never comes. I know you guys want it
so bad, oh so bad. But its not going to come. Well be well into the next economic boom and people will still be on ATS telling us economic collapse
will happen any day.
You know, I kinda feel the same way with all these claims of economic collapse deadlines being missed, and outrageous claims being made by people on
websites like this.
I do keep coming back to touchpoints like the almost parabolic curve debt chart/QE Forever/%25 of people on food stamps/16 states are zombie states
(more government workers and benefits than private sector workers.), and think if you just keep printing money then it will eventually collapse.
I don't really understand your point about the debt limit - even raising it to infinity and beyond will by logically cause more and more problems, at
a certain point you reach a stage where the debt interest alone is crippling.
I'm reminded of the crash of 1929, where the stockmarket was at massive if not record highs before it crashed, and that was before computer trading.
For me, we have crossed several rubicon's, such as other central banks asking for their gold back, downgrading of the US credit twice no less, the
ending of the petrodollar, massive printing of money (and the Fed stopping the release of the M1 figures in approx 2003.)
These are all bad signs, and some of them are firsts for the US economy.
I'm not convinced we will see a massive crash, or a slow decline into parts of America becoming 3rd world, or perhaps the bean counters will magic
all these debts away? The IT/tech/cloud sector in America is really it's powerhouse now and I can see that continuing and doing very well.