Godlike Productions - Conspiracy Forum
Users Online Now: 1,598 (Who's On?)Visitors Today: 1,023,930
Pageviews Today: 1,538,193Threads Today: 332Posts Today: 6,682
08:23 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

PIN This: U.S. hits debt ceiling

 
Anonymous Coward
User ID: 1251597
India
05/17/2011 02:55 AM
Report Abusive Post
Report Copyright Violation
PIN This: U.S. hits debt ceiling
Shit has hit the fan.

Check this out [link to money.cnn.com]
Anonymous Coward
User ID: 1351243
United States
05/17/2011 03:17 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
boring
Anonymous Coward
User ID: 1386781
United States
05/17/2011 03:20 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
What does this mean? What difference does it reall make?

We live and we die. Way too much emphasis on playing money games inbetween point A and B.
antikythera

User ID: 1030102
United States
05/17/2011 03:26 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
hurrdurr
The wolves among you will devour the sheep.
:orbsig: :ninjalapirate:
Art Homepage, [link to pondcypress.deviantart.com]
Hand carved skull and cross available for purchase, [link to www.artfire.com]
Anonymous Coward
User ID: 519048
Netherlands
05/17/2011 03:32 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
What does this mean? What difference does it reall make?

We live and we die. Way too much emphasis on playing money games inbetween point A and B.
 Quoting: Anonymous Coward 1386781


It means you owe the bankers, big time...


The current debt limit, set by the US Congress, is set at a staggering 14 trillion and then some! We owe the bankers of the world, with out so called National Debt, more than $14,308,385,181,650.10
see:
[link to newsusa.myfeedportal.com]


*IF* the US Congress passes this, it will be a bad sign to the world. Most other countries are cutting their budgets. The US is just arguing to blow the balloon bigger. Congress though, may be smarter. They have to approve it.
Desbob

User ID: 1386972
United Kingdom
05/17/2011 03:35 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
Methinks they will simply raise the ceiling, otherwise country grinds to a halt.

Can't do that forever though, just postponing the inevitable.

Only way out is massive defaults and or inflation leading to new currency emerging then it all starts again.
Anonymous Coward (OP)
User ID: 1251597
India
05/17/2011 03:39 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
Shit has hit the fan.

Check this out [link to money.cnn.com]
 Quoting: Anonymous Coward 1251597


Ahmadinejad may be the next chief of OPEC.
Dollar may be dropped as oil currency.
Anonymous Coward
User ID: 1004494
United States
05/17/2011 03:39 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
so 14 1/2 trill is the magic number? who'd of thunk it.

bsflag
Anonymous Coward
User ID: 1355436
United States
05/17/2011 03:42 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
Hooray The soldiers can come home and have deformed depleted uranium babies right here stateside now!!!

The police can take care of their families instead of the pedophile judge now.

Millions of innocent earthlings will be spared the industrial military complex PONZI SCHEME of corrupt wallST
Anonymous Coward
User ID: 519048
Netherlands
05/17/2011 03:42 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
The US still owes 2.9 trillion from WWII.
Anonymous Coward
User ID: 1370896
Canada
05/17/2011 03:45 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
Oh, right ... just 'borrow' it from retirement funds. Now I wonder how people might react to that?! When they increased the retirement age in a number of countries because there wouldn't be enough money otherwise, people took to the streets - except Canada, where no one ever complains about anything, lol.
Anonymous Coward
User ID: 519048
Netherlands
05/17/2011 03:45 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
Very good summary of the US National Debt:


Anonymous Coward
User ID: 1351243
United States
05/17/2011 03:52 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
Oh, right ... just 'borrow' it from retirement funds. Now I wonder how people might react to that?! When they increased the retirement age in a number of countries because there wouldn't be enough money otherwise, people took to the streets - except Canada, where no one ever complains about anything, lol.
 Quoting: Anonymous Coward 1370896


Lol. America won't either. They won't even know that the Treasury is tapping into their retirement accounts. Shhhhhhhh.

flyingdog

User ID: 1244805
United States
05/17/2011 04:07 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
Oh, right ... just 'borrow' it from retirement funds. Now I wonder how people might react to that?! When they increased the retirement age in a number of countries because there wouldn't be enough money otherwise, people took to the streets - except Canada, where no one ever complains about anything, lol.
 Quoting: Anonymous Coward 1370896


no better in the US either AC...

our last time attempting to affect meaningful change in this country resulted in tens of millions of defeated, burned out hippies raising a generation of cartoon watching selfish morans that will never grow up

remember the wisconsin fiasco

the whole of north america is completely screwed
Anonymous Coward
User ID: 1343950
United States
05/17/2011 04:32 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
Shit has hit the fan.

Check this out [link to money.cnn.com]
 Quoting: Anonymous Coward 1251597



Then why is the dollar index increasing right now?
Anonymous Coward
User ID: 519048
Netherlands
05/17/2011 04:40 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
Shit has hit the fan.

Check this out [link to money.cnn.com]
 Quoting: Anonymous Coward 1251597



Then why is the dollar index increasing right now?
 Quoting: Anonymous Coward 1343950


Many investors do not look further than the hours before them. Right now stocks have been correcting and short-term funds have been shifting in the USD (DXY) to make something of a sure bet. If the stocks turn-around, the USD will likely drop again.

It is also possible, if things go really crazy in the world, that the USD will still be the safe-haven it has been for the last 60 years. Although the US has a major debt crisis, there are still many that argue the size, mass and maturity of the US economy gives it an edge still.
Anonymous Coward
User ID: 519048
Netherlands
05/17/2011 04:42 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
Interesting. They are even turning on Buffet on the debt problem! (of course Buffet is also batting for Obama on this) US may be large, but the bigger they are, the harder they fall...


Warren Buffett says the U.S. can't have a debt crisis, but plenty of experts say hes wrong about the threat to America, writes Barry Wood.


See:
[link to www.marketwatch.com]
Anonymous Coward
User ID: 1387026
Ireland
05/17/2011 04:43 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
I'm nowhere near the States, but I think the figures are mind-boggling. And Obama reminds me of Nero, fiddling while Rome burns. No wonder Trump doesn't want to stand for the next presidency - who would? a more poisoned chalice can't be imagined!
Present

User ID: 1339938
United States
05/17/2011 04:52 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
Looks like the federal government's Economic Destruction of Our Country is right on schedule.

I hate what our federal government is doing to our country.redface

Compliments of fellow member Dark Zen's thread. This video is so worth watching:




2013
"The two enemies of the people are criminals and government, so let us tie the second down with the chains of the Constitution so the second will not become the legalized version of the first."..... Thomas Jefferson
*****
"The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.".....The 10th Amendment to the United States Constitution
******
"All men having power ought to be distrusted to a certain degree."....James Madison, speech at the Constitutional Convention, July 11, 1787
******
"If there must be trouble, let it be in my day, that my child may have peace."......Thomas Paine, The American Crisis, No. 1, Dec. 19, 1775
*****
My strength comes from JESUS; GOD'S Grace, Mercy and Forgiveness..................................................​...........Present
*****
O'Come Angel Band.......Come and around me stand
O' bear me away on Your Snow White Wings
to My Immortal Home.........................................................​.............................................................​.......J.H. 1860
*****
Anonymous Coward
User ID: 1114493
United States
05/17/2011 05:45 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
Pray Psalm 23:

Lord, make me to lie down in green pastures, so I can get a good night sleep even though all kinds of doom is heading our way.

Lord, lead me beside the still waters, where all the economic doom and hand-wringing has no effect on me.

Lord, prepare a table for me in the presence of my enemies. I won't worry about the food and gas prices because it's "in God we trust."

Even though I walk through the Valley of the Shadow of Death, and the Valley of the Shadow of Debt, I will fear no evil and fear no bankers for You are with me.

The Lord is my shepherd. If that makes me a sheep, so be it. I'd rather be a sheep than a wolf in sheep's clothing.
Ladybug1982

User ID: 1381157
United Kingdom
05/17/2011 05:49 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
I really don't understand economics so can some clever person explain ...

1, Who is this 14 trillion owed to?
2, What happens if you just don't pay it back? Do they send the bailiffs round?
KimmieAnnaJones

User ID: 1081511
United States
05/17/2011 06:10 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
Pray Psalm 23:

Lord, make me to lie down in green pastures, so I can get a good night sleep even though all kinds of doom is heading our way.

Lord, lead me beside the still waters, where all the economic doom and hand-wringing has no effect on me.

Lord, prepare a table for me in the presence of my enemies. I won't worry about the food and gas prices because it's "in God we trust."

Even though I walk through the Valley of the Shadow of Death, and the Valley of the Shadow of Debt, I will fear no evil and fear no bankers for You are with me.

The Lord is my shepherd. If that makes me a sheep, so be it. I'd rather be a sheep than a wolf in sheep's clothing.
 Quoting: Anonymous Coward 1114493


ohno
"Holy, holy, holy is the Lord God Almighty, who was, and is, and is to come." - I AM



Vote for people that have a track record for loving your Constitution or lose your country forever!!!

Put down the damn touchy feely koolaid and WAKE THE FUCK UP!!!!

:militia:
Anonymous Coward
User ID: 519048
Netherlands
05/17/2011 06:14 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
I really don't understand economics so can some clever person explain ...

1, Who is this 14 trillion owed to?
2, What happens if you just don't pay it back? Do they send the bailiffs round?
 Quoting: Ladybug1982


1) To world bankers
2) War
Anonymous Coward
User ID: 935690
United States
05/17/2011 06:16 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
What does this mean? What difference does it reall make?

We live and we die. Way too much emphasis on playing money games inbetween point A and B.
 Quoting: Anonymous Coward 1386781


it makes no difference at all.
Anonymous Coward
User ID: 935690
United States
05/17/2011 06:18 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
I really don't understand economics so can some clever person explain ...

1, Who is this 14 trillion owed to?
2, What happens if you just don't pay it back? Do they send the bailiffs round?
 Quoting: Ladybug1982


1) To world bankers
2) War
 Quoting: Anonymous Coward 519048


wrong.

If we default, then every nation who owns treasuries will dump them on the open market. The dollar will collapse and all Americans will instantly become paupers.

then war.
Anonymous Coward
User ID: 519048
Netherlands
05/17/2011 06:21 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
I really don't understand economics so can some clever person explain ...

1, Who is this 14 trillion owed to?
2, What happens if you just don't pay it back? Do they send the bailiffs round?
 Quoting: Ladybug1982


1) To world bankers
2) War
 Quoting: Anonymous Coward 519048


wrong.

If we default, then every nation who owns treasuries will dump them on the open market. The dollar will collapse and all Americans will instantly become paupers.

then war.
 Quoting: Anonymous Coward 935690


I was summarizing. There is A LOT that could happen in between and war could be averted actually.
Anonymous Coward
User ID: 1331064
Netherlands
05/17/2011 06:26 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
I really don't understand economics so can some clever person explain ...

1, Who is this 14 trillion owed to?
2, What happens if you just don't pay it back? Do they send the bailiffs round?
 Quoting: Ladybug1982


1) To world bankers
2) War
 Quoting: Anonymous Coward 519048



1) To world bankers
2) Foreclosure of the USA; everybody out
Lime Flavoured Redux

User ID: 1387085
United Kingdom
05/17/2011 06:27 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
Since they've said they'll be no default until August 2, they'll make a compromise (probably something pretty unpopular) at about 11pm on August 1.
Anonymous Coward
User ID: 1345749
United States
05/17/2011 06:28 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
Shit has hit the fan.

Check this out [link to money.cnn.com]
 Quoting: Anonymous Coward 1251597


bump
Anonymous Coward
User ID: 519048
Netherlands
05/17/2011 06:29 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
The thing the US still has is size of market, leading technical position and it's people. If this stays in order, the US can rough out this financial hurricane.
Anonymous Coward
User ID: 1387123
Australia
05/17/2011 06:31 AM
Report Abusive Post
Report Copyright Violation
Re: PIN This: U.S. hits debt ceiling
I really don't understand economics so can some clever person explain ...

1, Who is this 14 trillion owed to?
2, What happens if you just don't pay it back? Do they send the bailiffs round?
 Quoting: Ladybug1982


1) To world bankers
2) War
 Quoting: Anonymous Coward 519048


wrong.

If we default, then every nation who owns treasuries will dump them on the open market. The dollar will collapse and all Americans will instantly become paupers.

then war.
 Quoting: Anonymous Coward 935690


Well said
that man.