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reply to post by redshoes
And a bug out bag will stop that how exactly?
I need a couple of semi trailers to bug out. I'll stay put and make coffee and cookies. I wonder how much coffee FEMA has in their warehouses. If they don't have any, we will all be zombies.
reply to post by Bicent76
I hope you're right about it not happening. Then, I never thought sequester would happen. When it did, I never thought it would comfortably remain standing and without ongoing challenge as the 'new status quo'. Yet...it has.
I never thought they'd shutdown this time. It's been THE front burner issue at least 3 times now over the past 18 months. Everyone had their talks, negotiations and 'feel each other out' time on the specific issues long before this, and unlike most previous shutdowns. So I can only conclude we shut down by the willing agreement of those in Congress and the White House. Nothing else makes sense if we are dealing with adults and not a true child's level of reasoning (Which I do NOT believe, however much fun it is to make fun of them).
Will the morning of the 18th mean our nation is busted? Yes.. and No... Is a man living in a nice middle class home, full of stuff and with cars in the driveway REALLY bankrupt when filing? Nope... Not really. Same here... We aren't really broke, and everyone knows it. That doesn't matter.....because reactions and policies don't deal with reality, they deal with the world of laws on paper and spreadsheets to dictate them.
If default doesn't make a major move to ruining our nation, long term, it won't be because other nations helped prevent it.....as default almost obligates them to take steps next that hurt us very badly. If they don't, it will be because they've deliberately chosen not to.
How are you feeling about Goodwill from the world, on not pushing everything about default to the max against us? ...err.. yeah... huh? I feel a shiver of cold, suddenly.
reply to post by khimbar
Actually a US default if it were to occur would be disastrous for the world economy as a whole. Look what happened after one little bank (Lehmann Bros) went to the wall, it resulted in a world wide economic recession that we are only just beginning to emerge from.
On practical level, interests rates, which are currently at an all time low would increase in order to fill the hole. So your credit card suddenly gets out of control. Likewise your mortgage. Even if you don't have a mortgage, your landlord probably does so he needs to put your rent up to manage. Debt trickles down and those with money stop spending, making it harder for those who need it to get it. People will start defaulting on their loans, loosing their houses, cars and having to drop out of college or school. Food will become more expensive to produce and therefore to purchase. Energy prices will need to go up too, so people who have relatively comfortable lifestyles will need to start thinking carefully if that cappuccino they get on the way to work each morning is really necessary, or if they can afford to eat out at restaurants this month.
Look at what is happening in Greece, Cyprus and Russia right now with the increase in popularity in extremist political movements.
The international energy markets are primarily traded in US dollars. A us dollar is in effect an I.O.U. issued by the US government. Would you accept an I.O.U. from someone who stiffed you last month?