What would happen if the US economic system crashed?

Words cannot describe the severity whilst still abiding by the T&C.
So here is a video to express myself.

Originally posted by Ophiuchus 13

Originally posted by mthgs602
Its gonna get real traditional around these parts.

Thats if Russia and China are not destabalized by nuclear war as well... Because then they would be launching em this a way

Oh deary......you make a valid point that i will give consideration. But honestly, for the first year or two of any collapse, i will be constantly on the move. Moving from haven to haven.

GAhhh this is overwhelming sometimes. My thoughts arent coming out as clear of late.

reply to post by iNkGeEk


Yuppers...but it will go much higher than that... Look at what happened in germany in 1923... people taking WHEELBARROWS of money to the grocery store. check videos below

Its a consequence from printing/creating too much money... every dollar that gets printed/created out of thin air, weakens the rest of the other dollars in existence. T

... the FED just ended QE2... my guess it wont be long until QE3...



It also has happened in Zimbabwe... I personally have a 100 TRILLION dollar bill from Zimbabwe... it cost me 5 bucks at a coin shop... heres a short video

Lots of people will die because the depend the the grocery store for food. No one is aware or prepared for it. When the USA crashes the poor will starve, riots in every populated city, everyone will have to depend on themselves. But only so many people are able to live off the land. So think about where you are living....

see, i'm very much of the belief that the world is heading towards a global monetary unit or one world bank. i don't think it will happen before the dollar crashes, but it will happen. my thinking is that in a global monetary system everyone will be issued a debit/credit card. there will not be a specific monetary unit, but we will all have "credits". our paychecks will be in credit, etc. there will be no more paper money, everything will be electronic.

this is some scary stuff! of course i'm still waiting on someone to blame the economic crisis on ELEnin.

ok...so i know we are in the s**t right now. is there any way we can begin to pull ourselves out of this mess. would a revolution be too extreme? i think our way of government has to change as it doesn't seem to work because all the politicians only look out for themselves instead of the people that elected them, like they are supposed to.

reply to post by morder1


Pretty powerful stuff. I can see this happening.

However, once that happens, it will be a World War like no other within six months. Mankind has always gone to War when things like this happen.

But rarely, has it fixed the economy.

Originally posted by iNkGeEk
is there any way we can begin to pull ourselves out of this mess. would a revolution be too extreme?

A revolution is basically the same thing as a debt default because we would have no organized government and therefore no ability to cover our debts. That's exactly what happened to Iceland. It's not a solution. Frankly the answer to your question is "no", there's nothing we can do at this point. It's gone too far. Take a look here:

www.usdebtclock.org...

The total US debt equals 669,104.00 per family. It doesn't take a Nobel economist to realize we cannot repay that debt. It's insurmountable. All the discussion of raising the debt ceiling is academic, it's akin to the engineer and conductor arguing about whether or not to slow the train down as it careens towards a missing bridge. If they raise the limit they are just postponing the inevitable default.

reply to post by iNkGeEk


Sure we can peacefully without a revolution, or a single shot fired. How feasible it is another question but here's what I think can be done (in chronological order).

1. Get rid of the two party / two trains of thought group think political system we have now. They bicker like school children and get nothing accomplished. They are not for the people's interest only their own...

2. Remove corporate and bank interests from power, and politicians aligned with them. Let their system crash which shall expose them. Then jail/extradite them for treason against the US.

3. Now that the house is cleaned up. Get rid of the FED and restore the power of currency back with the US Treasury where it belongs with elected officials from the people, not a private interest.

4. Leave the proxy wars we're involved in and let the countries handle it themselves. Bring our troops back home to shore up our borders and rebuild infrastructure.

5. Build an interstate high speed rail system 100% produced and made by the USA and rebuild the current interstate system. This should open up some jobs, and get the economy back on track some. Get the American ingenuity back to where it once was. There is no reason why we do not have an interstate rail system that emulates the once heralded road interstate system.

6. Overhaul of the entire US educational system including the teaching of skills and trades. There is no reason why any state should not be able to fund their schools and kids do not have books. College should be more affordable to those that have the skills to go. Each state should have federal college along side the existing state, and private colleges the amount being proportionate to the population of said state. (Socalism some might argue, but so what!?! The educational system we have now is behind those countries we label as "socialist", so shutup and deal with it because the children our are future and we are failing them!!!) I would go as far as proposing DOD type grade schools across the US, as it was one of the best schools I attended while my father was stationed abroad.

7. Export some of the oil in our reserves to emerging economies (the majority of Africa won't be third world forever) to get rid of some of the debt we have.

That's all I can think of right now, but I have more, but just haven't thought about them long enough to articulate them.

reply to post by majesticgent


wow!! good stuff!

I agree that our political system needs to change. our current system has outlived its usefulness. it was a good run, but a 200 yr old system is showing its inadequacies and not to mention it is corrupt as hell. and if you don't think it is, hand them rose colored glasses you are wearing.

i just don't see how we can change our government without bloodshed. it will take some halfway intelligent people having secret meetings setting up a system of government, then forcibly taking Washington DC and implementing it. it seems change doesn't happen on the friendliest of terms.

Originally posted by majesticgent
reply to post by iNkGeEk

 

Sure we can peacefully without a revolution, or a single shot fired. How feasible it is another question but here's what I think can be done (in chronological order).

1. Get rid of the two party / two trains of thought group think political system we have now. They bicker like school children and get nothing accomplished. They are not for the people's interest only their own...

2. Remove corporate and bank interests from power, and politicians aligned with them. Let their system crash which shall expose them. Then jail/extradite them for treason against the US.

3. Now that the house is cleaned up. Get rid of the FED and restore the power of currency back with the US Treasury where it belongs with elected officials from the people, not a private interest.

4. Leave the proxy wars we're involved in and let the countries handle it themselves. Bring our troops back home to shore up our borders and rebuild infrastructure.

5. Build an interstate high speed rail system 100% produced and made by the USA and rebuild the current interstate system. This should open up some jobs, and get the economy back on track some. Get the American ingenuity back to where it once was. There is no reason why we do not have an interstate rail system that emulates the once heralded road interstate system.

6. Overhaul of the entire US educational system including the teaching of skills and trades. There is no reason why any state should not be able to fund their schools and kids do not have books. College should be more affordable to those that have the skills to go. Each state should have federal college along side the existing state, and private colleges the amount being proportionate to the population of said state. (Socalism some might argue, but so what!?! The educational system we have now is behind those countries we label as "socialist", so shutup and deal with it because the children our are future and we are failing them!!!) I would go as far as proposing DOD type grade schools across the US, as it was one of the best schools I attended while my father was stationed abroad.

7. Export some of the oil in our reserves to emerging economies (the majority of Africa won't be third world forever) to get rid of some of the debt we have.

That's all I can think of right now, but I have more, but just haven't thought about them long enough to articulate them.

edit on 14-7-2011 by majesticgent because: (no reason given)

A very good assessment with the exception of #4.

4. Leave the proxy wars we're involved in and let the countries handle it themselves. Bring our troops back home to shore up our borders and rebuild infrastructure.

I would add the caveat of, “And if you attack us, we will totally...completely and utterly destroy you.”

As for #7. Drill, baby, drill!

Originally posted by loves a conspiricy
To begin it will be the poor/needy who suffer.

They wont get their SS checks (cheques).........these people will have to rob people/businesses to survive.

edit on 14-7-2011 by loves a conspiricy because: (no reason given)

That would be a pretty poor recipe for survival where I live. People who have prepared for their families are not likely to part with what they have without a fight. The only thing they would get a belly full of is lead. Asking for food in exchange for work or something would have a chance. You'll live a lot longer asking for mercy than you will robbing someone.

However I am really looking forward to seeing Casey Anthony rob a Las Vegas casino in a few years.

Originally posted by loves a conspiricy


Life will be hard for generations to come....other countries will fall due to debts owed to the USA....

That was funny. Did you mean "debts owed by the USA"? All 14.7 trillion of them?

western society would be sent back to the 1880's