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How long 'til US bankruptcy?

Discussion in 'Politics & Religion' started by iggysick, Jun 26, 2009.

  1. soniqhost.com

    soniqhost.com Notable Member

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    #21
    It took over 60 years for the world to move from the British Pound to the US Dollar, in Global trade, it will not happen over night.
     
    soniqhost.com, Jun 28, 2009 IP
  2. bogart

    bogart Notable Member

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    #22
    The world may have to start using Ameros.
     
    bogart, Jun 28, 2009 IP
  3. hostlonestar

    hostlonestar Peon

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    #23
    What do you guys think the currency will be when the NWO takes over? What will they call it?
     
    hostlonestar, Jun 28, 2009 IP
  4. soniqhost.com

    soniqhost.com Notable Member

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    #24
    All global trade is US Dollars and contracts are written in the value of US Dollars any change will not happen over night.
     
    soniqhost.com, Jun 28, 2009 IP
    bogart likes this.
  5. bogart

    bogart Notable Member

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    #25
    Some countries such as China, Russia, India and Brazil are already exploring alternative reserve currencies.
     
    bogart, Jun 29, 2009 IP
  6. icebreaker

    icebreaker Peon

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    #26
    I don't think U.S. will go into bankruptcy. They have enough resources to get past these hard times. Obama will not allow it to happen.
     
    icebreaker, Jun 29, 2009 IP
  7. bogart

    bogart Notable Member

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    #27
    Obama will save us by printing more money :eek:
     
    bogart, Jun 29, 2009 IP
  8. Mia

    Mia R.I.P. STEVE JOBS

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    #28
    Make as much sense as the OP... :rolleyes:

    That is until we run out of Toner!
     
    Mia, Jun 29, 2009 IP
  9. iggysick

    iggysick Guest

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    #29
    As usual, you fail. Again. Move on troll.
     
    iggysick, Jun 29, 2009 IP
  10. Mia

    Mia R.I.P. STEVE JOBS

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    #30
    Seems its the other way around:

    [​IMG] Nice work bud!
     
    Mia, Jul 2, 2009 IP
  11. iggysick

    iggysick Guest

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    #31
    Your life must be phatetic when you feel the need to abuse rep system on internet forum... Ya know, "retart"...
     
    iggysick, Jul 2, 2009 IP
  12. Mia

    Mia R.I.P. STEVE JOBS

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    #32
    I've not given you any rep. I just pointed out how insignificant your posts here are by drawing attention to the level of respect you've not-earned in under 300 posts... Who is pathetic? :D
     
    Mia, Jul 2, 2009 IP
  13. giorgioarmani

    giorgioarmani Well-Known Member

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    #33
    I doubt bankruptcy per se will happen. But you may see a whole bunch of scenarios which conclude the economic decline. Check this article to get an idea:

    From: http://www.thetotalcollapse.com/the-american-empire-is-bankrupt/

     
    giorgioarmani, Jul 2, 2009 IP
  14. Mia

    Mia R.I.P. STEVE JOBS

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    #34
    No the US is NOT going to go bankrupt... Not unless the CREDITORS CALL THE NOTE.

    At this point, the Creditors are so in deep that calling the note at this time would be disastrous. They are waiting for things to rebound before coming anywhere near that point.
     
    Mia, Jul 2, 2009 IP
  15. iggysick

    iggysick Guest

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    #35
    Sure, I believe you... "retart"
     
    iggysick, Jul 2, 2009 IP
  16. Mia

    Mia R.I.P. STEVE JOBS

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    #36
    Invest in a dictionary.
     
    Mia, Jul 7, 2009 IP
  17. ~kev~

    ~kev~ Well-Known Member

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    #37
    The USA is in the middle stages of bankruptcy. The first stages was hiring the federal reserve company to print the US dollar. This put the US government into debt, that it will never be able to pay.
     
    ~kev~, Jul 7, 2009 IP
  18. Mia

    Mia R.I.P. STEVE JOBS

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    #38
    Ah, the middle stages of bankruptcy implies you are BANKRUPT. As it stands, our assets are still equal to or great than our liabilities... For now anyway. To be bankrupt we would need to be completely insolvent and incapable of repaying any debt. As it stands right now, we are still paying our debt and interest on it as well.

    California? That is bankrupt. They are no longer paying their debt.
     
    Mia, Jul 7, 2009 IP
  19. bogart

    bogart Notable Member

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    #39
    California is paying its bills with IOU's that pay 3.75% interest.

    [​IMG]
     
    bogart, Jul 7, 2009 IP
  20. hostlonestar

    hostlonestar Peon

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    #40
    You're the troll. Can you not see that?
    [​IMG]
     
    hostlonestar, Jul 7, 2009 IP