Gold is being accumulated, by the wisest among us, as a safe haven asset to buffet the expected effects of a very ugly contraction, one that is man made in every respect. The dogs in the street look worried, and so they should be.
Americans say that the US debt doesn't matter because the debt doesn't need to be paid back, but would writing off a $22 trillion debt really have no consequences?
If debt doesn't matter, why not send every American a monthly check for $1 million?
Wouldn't Americans go hungry if they aren't repaid the money they lent the government?
Wouldn't China and Japan be angry if they didn't get their money back?
Wouldn't companies who loaned money to the government go bankrupt if US bonds became worthless?
Wouldn't laid-off workers stop paying their credit cards, mortgages, student loans, and car loans?
Wouldn't banks go bankrupt?
Do you think there would be bailouts, food stamps, and Social Security if the US government was bankrupt?
Would the US military be of much use if soldiers aren't getting paid?
What will you do when the US economy falls by half?
What will you do when your ATM doesn't work?
Do you think your bank account cannot be zeroed out?
What will you do when you see a starving man stab someone with a butter knife to steal a can of corn?
What will you think when the Gestapo shoots someone in the street?
Americans need to either stock up or go mobile and spread the word now.
The US Ponzi economy may last another 5, 10, or 30 years, but what you see outside and hear on the news might seem like two different things.
Do you think that the police state, wars, and debt are a coincidence?
Libertarian
boosted
Libertarian
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Maybe the debt will be paid off by illegal immigrants, technology, a zero percent tax rate, or magic fairy dust, but the reality is that the US debt is increasing constantly, no one cares, and spending more money to reduce the debt will only lead to disaster.
Debt didnât work out too well for Rome, Germany, Japan, Greece, or Zimbabwe.
Those who fail to learn from history are doomed to repeat it.
Maybe the debt will be paid off by illegal immigrants, technology, a zero percent tax rate, or magic fairy dust, but the reality is that the US debt is increasing constantly, no one cares, and spending more money to reduce the debt will only lead to disaster.
Debt didnât work out too well for Rome, Germany, Japan, Greece, or Zimbabwe.
Those who fail to learn from history are doomed to repeat it.
Libertarian
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If your friend came to your house and said:
I just bought this shiny new car with all the options on your credit card and for the down payment and forged your signature on the paperwork. Oh and here is your driver's license back I borrowed for the ID check.
You would call the police and the bank to cancel the note. The police would repo the car to the dealer.
We do not owe any of it as it is a scam from the start. It must be repudiated. The banks will not write notes not guaranteed by the government but they have no right to turn around and endebt us as a third party.
Libertarian
boosted
In theory, the $22 trillion US debt could be paid off in 6 years if 100% of US tax revenues from the $4 trillion annual budget went toward the debt and Social Security was ended.
This will not happen because the elites have paid off the politicians and too many people make money from welfare and the wars.
The only end to the debt will be a a total collapse of the economy like the USSR.
No one knows, but a stock market crash could happen in the next 10 years. Social Security will be bankrupt in 2034.
Leaving now would be the best bet.
Consider moving to Chile or New Zealand.
Libertarian
boosted
Americans default response to the US collapse is cognitive dissonance and mental gymnastics.
Americans ignore and deny that the USA is decaying.
Americans justify every government abuse and praise every insane decree. Americans would rather blame the victim when the Gestapo shoot unarmed Americans in the back.
https://www.neogaf.com/threads/local-law-seeks-to-ban-smoking-in-your-own-vehicles.69635/
Americans live in a bubble and say tyranny only applies to negroes, Jews, Muslims, and illegal immigrants.
Americans insist tyranny, nanny state laws, regulations, security cameras, license plate readers, checkpoints, redlight cameras, speed cameras, FBI facial and voice recognition, curfews, gun bans, searches without warrants, mandatory minimums, DNA databases, CISPA, SOPA, NDAA, IMBRA, private prison quotas, no knock raids, take down notices, no fly lists, terror watch lists, Constitution free zones, stop and frisk, 3 strikes laws, kill switches, National Security Letters, kill lists, FBAR, FATCA, Operation Chokepoint, civil forfeiture, CIA torture, secret FISA courts, FEMA camps, laws requiring passports for domestic travel, IRS laws denying passports for tax debts, gun and ammo stockpiles, laws outlawing protesting, police militarization, NSA wiretapping, the end to the right to silence, free speech bans, private prisons, FOSTA, TSA groping, and Jade Helm only happens in libshit states.
Americans think like dependent children and lash out vehemently in defense of their beloved government overlords.
Americans do not have personal responsibility, say nothing is ever their fault, and blame others for the US decline.
Americans never offer solutions to the collapse.
Americans are simply incapable of using logic or reason to solve problems because Americans think that the only possible option available is force.
There will be no political solutions. The USA is no longer a democracy and is a police state. The voting machines can be hacked. Politicians and the 1% are only interested in irrelevant issues like homosexuality, free college, and slavery reparations.
Americans are too distracted, degraded, depraved, and divided to care.
Americans who have traveled to places that have been through hell like Cambodia, Russia, and China may have noticed that countries that are recovering from tyranny are more optimistic than nations that are headed into a dark collapse.
If Americans are this insane when the US Ponzi economy is booming now then how will Americans react when the water doesn't work, the electricity is shut off, and the government checks step coming?
Soon Americans will face boxcars, gulags, concentration camps, and nuclear war.
How could the wealthiest and most free country turn into a bankrupt warmongering police state so rapidly?
How can Americans live now without feeling utter shame and disgust?
The best option for Americans is to leave. Those who wish to stay should stock up today. If you have 3 guns, better buy more.
Libertarian
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Whatâs wrong with that? They are not going to shoot you, they are going to kill each other, thatâs a good thing.@AndyStorrie @dcjogger
Libertarian
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@AndyStorrie @dcjogger And the police! Oh wait! You covered them already. ;)
In theory, the $22 trillion US debt could be paid off in 6 years if 100% of US tax revenues from the $4 trillion annual budget went toward the debt and Social Security was ended.
This will not happen because the elites have paid off the politicians and too many people make money from welfare and the wars.
The only end to the debt will be a a total collapse of the economy like the USSR.
No one knows, but a stock market crash could happen in the next 10 years. Social Security will be bankrupt in 2034.
Leaving now would be the best bet.
Consider moving to Chile or New Zealand.
Libertarian
boosted
@dcjogger the globalists used a school shooting to take guns away from the Brits. Now normal Brits need to live in a country where the only people who can have guns are criminals and drug dealers.
- Libertarian
- https://neinchan.com/pol/
Joined May 2019
