Let the shutdown begin

[Pseudo Enigma]

Re: Let the shutdown begin

i heard on fox news that if we default global hunger ends

Good news: Global Hunger Ends
Bad news: Fox News
bad...news...

I'm not exactly going to look back on this comment and like it if USA ever defaults, but I kind of want to see what plays out after it does. Makes me uber curious.

[FoJaR]

Re: Let the shutdown begin

I was going to write up a big thing but figured it'd be easier to just show you a video. It's a bit old but the logic still applies:

The national debt is not "debt" as most people think of it: It's not like, say, a random person who owes a credit card company $200k or something insane. The mechanics are quite different.

ineresing vijo

[DotKritic]

Re: Let the shutdown begin

Funny he compared Obama and Romney and not Obama, Romney, and Paul.

[MixMasterLar]

Re: Let the shutdown begin

Funny he compared Obama and Romney and not Obama, Romney, and Paul.

It really isn't. If you don't have a party backing you simply don't count. Don't agree with it, nut too true not to notice

[bmah]

Re: Let the shutdown begin

I was going to write up a big thing but figured it'd be easier to just show you a video. It's a bit old but the logic still applies:

The national debt is not "debt" as most people think of it: It's not like, say, a random person who owes a credit card company $200k or something insane. The mechanics are quite different.

"What if countries (such as China and Brazil) stop believing that the US is the safest place to put their money into?"

Well that's the thing. People ARE already believing (or at least soon) that the US is not by any means the best place to put their money into. Currently, the bandwagon is that the US is still considered a "safe haven" but it really isn't for long (if it isn't already). It's only a matter of time before this level of debt is considered dangerous. Don't wait for that to happen.

[DotKritic]

Re: Let the shutdown begin

Did your congressmen give up their paycheck during the #shutdown? Tweet your zip code with #AskABC to find out.

Sen. Cornyn (R), Sen. Cruz (R) opted to not get paid during the #shutdown (via ABC News twitter)

[Reincarnate]

Re: Let the shutdown begin

Well that's the thing. People ARE already believing (or at least soon) that the US is not by any means the best place to put their money into. Currently, the bandwagon is that the US is still considered a "safe haven" but it really isn't for long (if it isn't already). It's only a matter of time before this level of debt is considered dangerous. Don't wait for that to happen.

When you look at the relevant indicators (and you can quantify them), and when you compare markets, the US is still the far superior choice compared to the alternatives (have you not seen the Eurozone crisis? The slump in China? The Arab Spring?). To imply otherwise is untenable and not rooted in any sort of reality/data.

For the US to lose its status as a "safer haven" anytime soon, some massively serious shit would need to go down. US Treasury bonds are about as safe as you can get.

[DotKritic]

Re: Let the shutdown begin

IMO the best thing to do is keep your money in a shoe box. You could also buy silver. Silver is closing at $21.11 an ounce. That's still $10 less than a year ago (yet $10 more than in 2009 - BEFORE SHTF). Gold has been falling, too. Once priced at just shy of $175 an ounce a year ago is now around $125 an ounce.

[Reincarnate]

Re: Let the shutdown begin

troll level breached

[DotKritic]

Re: Let the shutdown begin

troll level breached

[Choofers]

Re: Let the shutdown begin

it's funny because we all know you're actually not trolling and truly that idiotic

[Arntonach]

Re: Let the shutdown begin

DotKritic isn't a super republican, he's just a super instigator.

[FoJaR]

Re: Let the shutdown begin

"What if countries (such as China and Brazil) stop believing that the US is the safest place to put their money into?"

Well that's the thing. People ARE already believing (or at least soon) that the US is not by any means the best place to put their money into. Currently, the bandwagon is that the US is still considered a "safe haven" but it really isn't for long (if it isn't already). It's only a matter of time before this level of debt is considered dangerous. Don't wait for that to happen.

yeah, but this isnt because of the amount of debt, it's because of congress shenanigans.

congress republicans are hurting us more than the deficit is.

[DotKritic]

Re: Let the shutdown begin

DotKritic isn't a super republican, he's just a super independent.

Fix'd.

[Arntonach]

Re: Let the shutdown begin

asshole don't twist my words around.