Debt issue...
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Topic: Debt issue...
Posted By: Monk
Subject: Debt issue...
Date Posted: 29 July 2011 at 9:35am
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Am I the only one who thinks this debt thing is just a bunch of hooplah. All this scare stuff and end of the world crap seems a lot like any other time there was a media frenzy. Like <insert animal here> Flu, or global cooling, global warming. Plus, lets say that the financial issues do cause a crash, I have entire confidence that America will bounce back. Look at our history of doing what needs to be done when <poopy> hits the fan. Its what makes America a country of bad<butts>. Maybe I'm Crazy. |
Replies:
Posted By: FreeEnterprise
Date Posted: 29 July 2011 at 9:40am
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I agree. It is just like the whole "must pass obamacare without reading it... Christmas is upon us...".
Must pass Tarp, or the world will end.
Must pass stimulus or the world will end.
Now, Must pass debt ceiling so we can keep spending all this cash to payoff our friends or we won't be reelected and the world will end...
"never let a crisis go to waste, it allows you to do things that you could never get done otherwise"...
I read that they will include a provision that takes away the tax benefit for mortgage interest write offs, as well as 401k tax write offs, and insurance write offs...
Gotta hurry so no one knows what is in the bill and everyone just signs it without reading it.
At least the media calls them on it... Oh wait. ------------- They tremble at my name... 
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Posted By: High Voltage
Date Posted: 29 July 2011 at 9:45am
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Not crazy, just ignorant. And the reason this SHOULD be a big deal, aside from the consequences we will face, is because we brought it upon ourselves. ------------- 
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Posted By: oldpbnoob
Date Posted: 29 July 2011 at 10:09am
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It concerns me, but maybe because I have a lot to possibly lose right now. Currently sitting with a short term adjustable loan while my house is being built and if interest rates skyrocket I'm totally jacked. ------------- "When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter. |
Posted By: tallen702
Date Posted: 29 July 2011 at 10:23am
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Monk, you aren't the only one, I can count at least 18 teabagggers in congress who also don't believe it's a big issue. Unfortunately, it actually is a big issue. Scratch that, a HUGE issue.
The reality of the situation is even worse than what is being reported by most media outlets. Even if this thing gets passed, congress has pulled enough crap to prove to the ratings groups that the US is unreliable in it's debt handling. That means that we will more than likely face a downgrade in our rating, just not a severe as if we were to actually default. Now, what happens when we get downgraded? Well, for one, our very own interest rates get jacked up by the countries we are borrowing from because the dollar is less reliable, meaning worth less. The dollar will probably quit being the "standard" currency because it won't be seen as secure anymore. That will mean that foreign and domestic investors will start investing in things like the Yuan or the GBP rather than the USD. This means that every dollar you earn is worth even less. Ultimately this can lead to hyperinflation if not checked by forces outside of our control. So, unless you want everything you've ever worked for to be worthless, I suggest you urge your senators and representatives to put aside the partisan bull-crap and remember that their interest is in the people of the US, not some partisan bickering. Both sides are at fault big time. |
Posted By: Dune
Date Posted: 29 July 2011 at 10:52am
Must attack Iraq, they have WMDs. It's more of the same. People in office who refuse to work together to further the power of those few that pull their strings. Meanwhile, the middle class disappears, hardworking people stay poor and jobless, and people become more apathetic to the political process.
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FreeEnterprise wrote:Posted By: Rofl_Mao
Date Posted: 29 July 2011 at 11:05am
| On the bright side, I went over to Walmart in Maine the other day and actually got money back because our dollar is worth more. |
Posted By: Monk
Date Posted: 29 July 2011 at 11:11am
Interesting. See, I needed that dumbed down version of things. I can understand my finances, but when talking about massive amounts of money and how it works with the rest of the world I am straight up dumb. I still dont see how congress can actually change our debt. Raise taxes = the people getting screw/the rich getting screwed Cut taxes = no money to pay debts Cut spending = reduced programs which screws the people who need it. I am partial to Cutting spending, but then again I like a smaller government. I feel some issues are just not a government concern. But then again I have no idea how national finances work again. Also adjustable rate is a bad idea bro. |
Posted By: oldpbnoob
Date Posted: 29 July 2011 at 11:23am
Sorry for the off topic.
As for cutting programs, I think part of the problem is more mismanagement of the money that is already out there. There are massive issues with Medicare fraud alone that need to be fixed. I am sure it is equally jacked up in other social programs. Take the government subsidized housing down the road. Rent is based on income. If you earn little or nothing, your rent can be as low as $1 per month. Of course the rules include the person applying for the qualifying status have no other adults living in the house with any means of income. Can't tell you how many have their boyfriends or baby daddys living with them. ------------- "When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter. |
Posted By: Rofl_Mao
Date Posted: 29 July 2011 at 11:25am
| *cough* Raise taxes *cough* |
Posted By: tallen702
Date Posted: 29 July 2011 at 11:27am
The reality is that the status quo simply isn't going to work and that we're going to have to do all of the above. We need to simplify the tax code, eliminating loopholes and shelters for both corporations and individuals. We need to reduce spending, especially on outmoded and pet projects which have no viable financial or social output. And finally, we need to not only balance our budget, but pay off our debts in entirety. If you really want to know what happens when a country defaults on its loans, take a look at post WWI Germany and post 1991 Russia. Both had worthless currencies which led the weak central governments and massive corruption. Both were eventually brought out of horrible depressions by cults of personality which have put them at odds with the rest of the civilized world. Life in Russia outside the capital cities (Moscow, Petrograd, Kazan) is still pretty damned miserable for all concerned while life in said cities is only decent for the vast majority. The only reason that Russia isn't in a continued state of upheaval is that they paid off their debts after they defaulted on them, and haven't borrowed since. Still, 20 years just to get to where they are now, not a great outlook for us if we do the same. |
Posted By: impulse418
Date Posted: 29 July 2011 at 12:02pm
| I smell the chaos brewing. |
Posted By: FreeEnterprise
Date Posted: 29 July 2011 at 12:17pm
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The problem is the people in power around the world don't want to give up that power, so they don't care if it hurts your business/housebeingbuilt/personal finances.
They could care less what gas costs, they don't care what your groceries costs, or what the dollar value is...
They just want to keep their power and be important, and driven around by other people's money.
The issue if the US defaults is way worse than you guys suggest, as there is NO currency as stable as ours... The other currencies are WAY worse, and less stable, China is a joke, they manipulate their markets daily, Russia... joke... EU joke...
It is all based on keeping the power in the hands of a few, and whipping up the minions to do their bidding.
I remember building and having an adjustable mortgage... Kind of reminds me of running a business and worrying daily about what the government was going to do next to you, as they never have enough money and always need more of yours...
(at least they have good intentions?...)
oh wait.
------------- They tremble at my name...
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Posted By: tallen702
Date Posted: 29 July 2011 at 2:01pm
| In reality, the Yuan is probably more valuable than the USD right now give the balance of trade. The Chicoms keep it artificially low simply to make the US debt that they own worth that much more. If they unpegged it and allowed it to float on the market, it'd mean that they USD would be worth less in comparison and thus, the money we'd owe them would be worth a lot less. |
Posted By: Donald Blake
Date Posted: 29 July 2011 at 2:02pm
... and when the interest rates on US debt goes up, so does the interest rate on everything else, because it is all tied to the t-bill rate. Credit cards, Target cards, mortgages, Franky "the Tooth", car loans, business loans, EVERY kind of debt in the US becomes more expensive. Basically, by not raising the debt limit, the US will suddenly be MORE in debt than before. And when corporate debt is more expensive, that extra cost of money goes into the price of goods. So now stuff gets more expensive. ALL the stuff. Is it the end of the world? Not really. But is it a really, really bad thing for the US and all the people living here? Yes.
That would certainly be bad, and may yet happen, but I am not convinced that this debt issue would be sufficient to trigger such a change.... But details. ------------- 
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Posted By: Donald Blake
Date Posted: 29 July 2011 at 2:03pm
lolwut? -------------
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Posted By: agentwhale007
Date Posted: 29 July 2011 at 3:13pm
 |
Posted By: Rofl_Mao
Date Posted: 29 July 2011 at 10:48pm
Umm... lol |
Posted By: impulse418
Date Posted: 30 July 2011 at 12:12am
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Everything will be okay people. There is plenty of government cheese to go around. I'm kind of feel left out. Seems like every country but ours has had massive protest and riots.  |
Posted By: ammolord
Date Posted: 30 July 2011 at 12:33am
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Well, its not too late.... ------------- PSN Tag: AmmoLord XBL: xXAmmoLordXx ~Minister of Tinkering With Things That Go "BOOM!"(AKA Minister of Munitions)~ |
Posted By: Kayback
Date Posted: 30 July 2011 at 7:38am
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That's easy to solve. Just lose a match to Canada and there will be rioting in the streets.
Or just turn off the electricity for 24 hours. Or get some cops to beat up a black guy on tape. Or have the G7 come visit. Plenty of ways to have fun.... I mean a riot. KBK ------------- Pedicabo ego vos et irrumabo. H = 2 |
Posted By: Rofl_Mao
Date Posted: 30 July 2011 at 11:07am
Happened before, happened before, iffy on the last one. |
Posted By: StormyKnight
Date Posted: 30 July 2011 at 3:56pm
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We need to cut spending and we need to stop borrowing $.42 for every dollar spent. As much as it triggers my gag reflex, perhaps Cut, Cap and Balance isn't that bad of an idea.
/ducking ------------- 
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Posted By: impulse418
Date Posted: 30 July 2011 at 6:00pm
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http://gawker.com/5825983/the-trillion-dollar-coins-that-could-save-america - http://gawker.com/5825983/the-trillion-dollar-coins-that-could-save-america buahahahahahah |
Posted By: Linus
Date Posted: 30 July 2011 at 9:40pm
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Congress should get a Dave Ramsey gift package when they take office.... ------------- 
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Posted By: Evil Elvis
Date Posted: 31 July 2011 at 6:39pm
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I'm sure the deal is already penned. This is just political showmanship by our two polarized parties to look good in the eyes of the far extremes that seem to run them nowadays. ------------- 
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Posted By: stratoaxe
Date Posted: 31 July 2011 at 7:41pm
Much truf. Both parties are showboating for a re-election bid. This coming election is going to be a tough fight all around, with more elements coming into play than any election in my memory (which granted, is kind of a short straw at 24). By that I mean while the issues are basically the same (war, economy, health care, etc), the sense of urgency that has been placed on the American people by media talking heads has been ratcheted up past 11, and it's brought a lot of voters and candidates out of the woodwork like roaches under a rattling appliance. So basically we have drama like this to look forward to for every single minor decision that Congress or the President makes. Obama won't be able to take a dump without some TV personality calling it the most controversial, critical dump ever taken by a president. A presidential dump so important that, were it to require a second flush, it could in fact be the most inflated dump ever taken by a human being. Republicans will then promise to take much smaller dumps if elected, dumps so small that the toilets in the white house could be set to use a significantly smaller amount of water and thereby save taxpayers money and conserve water at the same time. Expect a Hannity special soon thereafter. ------------- 
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Posted By: Lightningbolt
Date Posted: 31 July 2011 at 8:03pm
this is a great post. i feel that all of our dumps should be heavily monitored and regulated by the feds. go gov!!!!!!!!!!!!!!!!!!!!!!!!!!!! |
Posted By: Lightningbolt
Date Posted: 31 July 2011 at 8:16pm
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I have the answer to our gubmints decision making skills. It's what I refer to as the "180 doctrine". It would be a mortal lock if I employed it against my cousins sports betting skills but I don't gamble. In his case it would be $5.00 against every bet he makes. This is a lock. So the same principle can be applied to the guvmints decision making skills. So when they do their silly little thing's that they do to arrive at the silly little decisions that they make and draft up the paperwork, before they sign it there needs to be a 180 Doctrine Contract Specialist that will draft up an opposing(total opposite). document that will be signed and implemented. win |
Posted By: Rofl_Mao
Date Posted: 05 August 2011 at 10:57pm
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Well, the U.S. credit rating has now dropped from AAA to AA+. S&P states it is because the government has not done enough to reduce the debt. http://blogs.wsj.com/marketbeat/2011/08/05/sp-downgrades-u-s-debt-rating-press-release/ - Linky.
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Posted By: Lightningbolt
Date Posted: 05 August 2011 at 11:00pm
| no really they've already done too much. they really need to remove their dirty little hands from as much as possible |
Posted By: deadeye007
Date Posted: 05 August 2011 at 11:43pm
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Go ahead and raise the legal limit to solve the drinking and driving problem throughout the US. ------------- Face it guys, common sense is a form of wealth and we're surrounded by poverty.-Strato |
Posted By: impulse418
Date Posted: 07 August 2011 at 8:19pm
| Can't wait for the markets here, to open tomorrow. SELL SELL SELL! |
Posted By: oldsoldier
Date Posted: 07 August 2011 at 8:38pm
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Dave Ramsey's financial ministry gave this illustration on the radio: If the US Government was a family they would be making $58,000 a year. They spend $75,000 a year and are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. (These are the actual proportions of the federal budget and debt, reduced to a level that we can understand.) ------------- 
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Posted By: mbro
Date Posted: 07 August 2011 at 9:53pm
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The federal budget cannot be compared to a family budget. ------------- 
Don't blame me, I voted for Kodos. |
Posted By: Rofl_Mao
Date Posted: 07 August 2011 at 10:58pm
It just was.... OOOOOO BURN!!!! |
Posted By: impulse418
Date Posted: 08 August 2011 at 11:39am
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DOW was down 250 points, minutes after the opening bell. Buahahahahahahaha
Go bye recession, hello depression.
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Posted By: Rofl_Mao
Date Posted: 08 August 2011 at 12:34pm
| Only 250? Thats not that bad... |
Posted By: oldsoldier
Date Posted: 08 August 2011 at 12:38pm
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Yet............. -------------
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Posted By: oldpbnoob
Date Posted: 08 August 2011 at 7:18pm
------------- "When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter. |
Posted By: Linus
Date Posted: 08 August 2011 at 8:35pm
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Meh, my job is rather recession proof. Always will be idiots running in to eachother or doing other stupid things.
However, my family's business is dependent on discretionary income being spent.... soooo.... I'd rather not see my parents, brother, sister, brother in law, and 50 other employees lose their income... -------------
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Posted By: mbro
Date Posted: 08 August 2011 at 9:40pm
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Weird, lots of buying in the bond market, not selling. It's almost like S&P was wrong and the market knows it. -------------
Don't blame me, I voted for Kodos. |
Posted By: tallen702
Date Posted: 08 August 2011 at 11:17pm
No, S&P is right. The reality is that the downgrade is going to affect exactly how much the US can borrow and at what interest rate. That interest rate affect the prime rate which determines the rates on everything from student loans to cars to credit cards and mortgages. The increase in interest rates across the board will mean it will cost more to manufacture goods which in turn means higher costs for the consumer equaling lower purchases and lower profits. The rush wasn't just on the bond market. Commodities got crushed with Gold, Silver, and Platinum purchases today while things like oil took a nosedive. Despite the government's credit rating dipping to AA+, treasury bonds are still one of the safest places to park your money as they are the first things to get paid back by the gov't. The S&P and Moody's are right, our government can't be trusted to resolve financial issues and make their payments properly. It's bad news for the rest of us. It's time to vote every last party member out of office and staff the Hill with independents who care more about the people they represent than their own special interests. Only then will we be able to balance our budget and pay back the money we owe. |
Posted By: Lightningbolt
Date Posted: 08 August 2011 at 11:28pm
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Well said tallen. I wonder what it's like to bundle a giant stack of money into a lazy-boy recliner on a 100 foot yacht and just sit on it while happily sipping on a fu fu drink with an umbrella in it. |
Posted By: Rofl_Mao
Date Posted: 09 August 2011 at 12:23am
NASDAQ 2357.69 -174.72  -6.9%DJIA 10809.85 -634.76 -5.55%S&P 1119.46 -79.92 -6.66%Single largest drop in one day for the Dow since December 2008. |
Posted By: tallen702
Date Posted: 09 August 2011 at 12:40am
Ask congress, they're apparently the only ones not worried over this crap. Seriously, they haven't got a clue. Not one single one of them, democrat or republican has taken the time out from pointing fingers at each other to say "My bad, we effed up and let the important stuff creep up on us because we were too busy bickering over whether our president has a valid birth certificate and whether we should let gays and lesbians be just as miserable in marriage as straight people." I'm seriously ready to say "eff all of them" and start some grass roots movement to wipe the slate. |
Posted By: Linus
Date Posted: 09 August 2011 at 1:15am
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Nothing should be exempt from cuts. -------------
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Posted By: tallen702
Date Posted: 09 August 2011 at 2:19am
How do you feel about not allowing corporations making billions every quarter exemption from taxes? |
Posted By: Lightningbolt
Date Posted: 09 August 2011 at 6:42am
| It's really good to see a "bi-partisan" attitude here now. However, the answer doesn't lie in what these yay'hoo's should do but rather how they need to refrain from doing anything at all. Or we could employ the 180 Doctrine. Like tallen said, this is a really good opportunity for our decision makers to flat-out admit their faults, then correct path that they are forcing us/me down. |
Posted By: Lightningbolt
Date Posted: 09 August 2011 at 8:55am
I was actually speaking about huge private sector money that creates jobs and stimulates the economy to allow chumps like me to stimulate the economy. |
Posted By: impulse418
Date Posted: 09 August 2011 at 11:39am
Unless you are selling guns, ammo, and dried foods. Your job is expendable. |
Posted By: oldpbnoob
Date Posted: 09 August 2011 at 12:02pm
------------- "When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter. |
Posted By: High Voltage
Date Posted: 09 August 2011 at 12:06pm
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I'd rather get some Resident Evil: Extinction action going. Screw Mel Gibson.
-------------
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Posted By: ParielIsBack
Date Posted: 09 August 2011 at 12:16pm
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People are buying T-Bills at a lower rate today than they were yesterday day (ie: reduced return). At least in the short/mid-term, nobody is worried about the US defaulting on any debt.
S&P (I don't know why you mentioned Moody's; they put out an article yesterday confirming the Us's AAA rating) may be right in the long run, but for now US debt is an extremely secure investment in the eyes of the market. It's going for less than a percent above projected inflation. It doesn't get lower than that. ------------- BU Engineering 2012 |
Posted By: impulse418
Date Posted: 09 August 2011 at 12:35pm
No, these will be the things people will buy long before that. Cops, firefighters, EMT's, you know "job security" positions. Are getting laid off left and right. Just because we need them doesn't mean we can pay them. |
Posted By: oldpbnoob
Date Posted: 09 August 2011 at 12:53pm
------------- "When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter. |
Posted By: ParielIsBack
Date Posted: 09 August 2011 at 1:38pm
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I wish that was the case, OPB. 108 (which includes almost 1/3 of patrol officers) officers are getting laid off in Trenton, one of the worst cities in the state, because they can't afford them. It's going to get ugly without those guys (and gals) on the street. Granted, that's not statewide or anything, but it still seems pretty serious to me.
People really don't seem to understand the importance of our civic infrastructure (or our physical infrastructure for that matter), because if they realized how much this is going to hurt us down the road they'd just pay for it. ------------- BU Engineering 2012 |
Posted By: deadeye007
Date Posted: 09 August 2011 at 2:02pm
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OPB. Police and Firefighters are getting laid off. Cities like Detroit cut OT for police services which in the long run destroy conviction rates on major crimes like homicide. Linus is a paramedic. Most EMS services are private companies so I think he job will have more security than most. Remember Washington DC was so short handed they tried to make firefighters do the job for the police. ------------- Face it guys, common sense is a form of wealth and we're surrounded by poverty.-Strato |
Posted By: oldpbnoob
Date Posted: 09 August 2011 at 2:18pm
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I havent seen or heard about much in the way of cuts here locally. We lost a couple of teachers, but mainly through not allowing retire-rehires. Of course I think we only have 2 full time officers in our village and two or three part time, so not much to cut here. I never understood the point of OT for police officers or others. Seems stupid to pay someone time and a half when they could just hire someone else in. Regardless, I am sure there will be some cuts, but you have to cut something. Seems like no one wants to pay more in taxes and no one wants to take cuts so we are pretty much screwed. ------------- "When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter. |
Posted By: stratoaxe
Date Posted: 09 August 2011 at 5:18pm
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Unfortunately, much of the job security those in the medical profession relied may be compromised by the sheer number of people resorting to it as a last ditch attempt at job security. Kind of an ironic catch 22 there. Also...there's this ongoing issue of people being discharged from the military. I'm too lazy to look up exact numbers, but I'd be willing to bet LOTS of them will be going to police, fire, and EMS jobs. I think I heard 10s of thousands just in the central Texas area. All of that aside, I think the medical field is still fairly safe for now. As far as dried food and firearms sales...this is a recession not post nuclear war survival. Despite what Glenn Beck says, we're still a long way from murdering each other for canned ham. -------------
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Posted By: Lightningbolt
Date Posted: 09 August 2011 at 7:25pm
 that's hilarious. Beck is such a sellout |
Posted By: MeanMan
Date Posted: 09 August 2011 at 10:13pm
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My internship involves me writing economic reports and my latest report is on this crap. I swear, no one really knows whats going on and the whole S&P thing is screwing with everyone. The past 2 days ive been reading up on this stuff and trying to write a report that makes sense to send out to people...I wont send it out. Theres simply not enough credible knowledge. One thing that seems for sure, S&P is retarded. Everyone is going after them, doubting their credibility (starting before the huge crash and how they got that wrong) and now its "who rates the ratings companies?" Eventually, not right now, but most likely eventually rates will increase because of this and mess with so much. Since the US currency is really the backer of everything, EVERYTHING gets downgraded. "Backed" banks cant be rated higher than the sovereign, so bam they get downgraded. I read that France relies heavily, and its expected that France will be downgraded, followed by all the French banks. Once top Euro entities start going down, the Euro crisis will get ridiculous. I love right now that treasury bonds are at almost record low rates. The downgrade will probably eventually bump up rates, but since everything is so uncertain right now, the USA looks good still. ------------- 
hybrid-sniper~"To be honest, if I see a player still using an Impulse I'm going to question their motives." |
Posted By: MeanMan
Date Posted: 09 August 2011 at 10:15pm
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The whole debt ceiling deal is a mess too. It has to be done, but it will stop growth really. When RGDP grows between .3-.4% in Q1 and now the government is going to start cutting back when consumer spending is also falling, its a recipe for disaster. Production is down, too. One article brought up that the unemployment rate could get around 10.5-11.5% if the rates go up and inflation kicks in with all the cuts from the government. Recession numero dos.
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hybrid-sniper~"To be honest, if I see a player still using an Impulse I'm going to question their motives." |
Posted By: impulse418
Date Posted: 10 August 2011 at 12:24am
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We don't even deserve the AA+ rating. Just wait until the world drops the USD as the reserve currency. Or stops using it for oil transactions. Which, is only a matter of time. |
Posted By: mbro
Date Posted: 10 August 2011 at 1:27am
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Don't blame me, I voted for Kodos. |
Posted By: Rofl_Mao
Date Posted: 10 August 2011 at 1:53am
GBP? CAD? AUD? |
Posted By: mbro
Date Posted: 10 August 2011 at 1:57am
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Ha -------------
Don't blame me, I voted for Kodos. |
Posted By: Mack
Date Posted: 10 August 2011 at 3:09am
Exactly what brand of ham are we talking about here? ------------- 
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Posted By: ParielIsBack
Date Posted: 10 August 2011 at 7:04am
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I'd stab you (YOU!) for some Boar's Head. Not in the neck or the chest, I don't wanna do any serious damage. ------------- BU Engineering 2012 |
Posted By: oldpbnoob
Date Posted: 10 August 2011 at 8:15am
------------- "When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter. |
Posted By: Lightningbolt
Date Posted: 10 August 2011 at 8:30am
lol? |
Posted By: oldpbnoob
Date Posted: 10 August 2011 at 8:37am
http://honeybakedham.com/find_a_store.asp - http://honeybakedham.com/find_a_store.asp
We got one once when I was a kid and I think one of my cousins lost a finger in the feeding frenzy that ensued. ------------- "When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter. |
Posted By: Mack
Date Posted: 10 August 2011 at 1:34pm
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I would go through the entire forum population with a chainsaw and lemon juice for one of http://www.montanahams.com/ - these .
-------------
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Posted By: StormyKnight
Date Posted: 10 August 2011 at 11:10pm
I'll expect you tomorrow, oh say, 2pm? Bring your body armor. Might as well make it interesting. -------------
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Posted By: Rofl_Mao
Date Posted: 10 August 2011 at 11:48pm
Hey, its your country thats in the shizzer. |
Posted By: brihard
Date Posted: 10 August 2011 at 11:57pm
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There is no other viable currency for a world reserve. None of the others are both stable AND liquid enough. The Euro's all over the place, the Yen has issues as well, there aren't nearly enough Canadian dollars or Dirham, etc etc. The $USD will remain the reserve currency simply for lack of a better alternative. That's a sad comment in itself, because your dollar is in a bloody rough state. Any entity other than the United States of America would long since have been deemed insolvent and would have run to the IMF. ------------- "Abortion is not "choice" in America. It is forced and the democrats are behind it, with the goal of eugenics at its foundation." -FreeEnterprise, 21 April 2011. Yup, he actually said that. |
Posted By: Mack
Date Posted: 11 August 2011 at 7:03pm
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Heck with the gold standard . . . we need to move to the ham standard.
-------------
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Posted By: usafpilot07
Date Posted: 11 August 2011 at 10:35pm
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All we have to do is wait until Europe falls apart again so that we can profit from both sides for a couple years.
------------- Buffalo buffalo Buffalo buffalo buffalo buffalo Buffalo buffalo |
Posted By: Rofl_Mao
Date Posted: 12 August 2011 at 12:11am
Except that Europe is a very large trading partner with the U.S. and that means less revenue if they can't buy anything. |
Posted By: ParielIsBack
Date Posted: 12 August 2011 at 10:34am
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Invade them and take their monies. This has worked in the past, albeit slightly differently. ------------- BU Engineering 2012 |
Posted By: Rofl_Mao
Date Posted: 12 August 2011 at 6:48pm
Actually I was reading that somewhere that it was a matter of time until somebody invades somebody because of the lack of resources of a specific country. For example, back in the late 1800's world superpowers were taking over areas of interest over-seas for their resources or prime military and or geographical positions. Since the world is in a decline, something has to happen to jump start their own economies. Maybe China would invade because we've stopped buying their products or investing in them? |
Posted By: Donald Blake
Date Posted: 14 August 2011 at 9:52pm
... and then Germany ruined it for the rest of us by overdoing it - twice. Stopping that type of asset-grabbing shenanigans is exactly why the UN exists. The UN's purpose is to preserve the status quo, and it actually does this fairly effectively (at least after the end of the cold war). Resource-motivated invasions have happened after WWII, but have generally been repelled by the UN. See Iraq v. Kuwait (1989), for example.
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Posted By: oldpbnoob
Date Posted: 14 August 2011 at 11:33pm
------------- "When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter. |
Posted By: Kayback
Date Posted: 15 August 2011 at 5:17am
Lol. Although some might say you've squandered your moneis on that small war. With disgruntled soldiers who are dying for no real reason, and no monies to pay them I'm reminded of a certain countey in the early 1900's. Union of American Socialist Republics? KBK ------------- Pedicabo ego vos et irrumabo. H = 2 |
Posted By: ParielIsBack
Date Posted: 15 August 2011 at 8:03am
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I think our military is going to be far less happy when the budget drops off in the next two or three years. In the grand scheme of things, we've had a low casualty rate in Iraq and Afghanistan, we have an extremely motivated military and defense establishment, and we haven't had recruitment issues in four or five years.
We've definitely squandered lives and money on the war, but the situation with regard to our military is nothing like you describe. ------------- BU Engineering 2012 |
Posted By: oldpbnoob
Date Posted: 15 August 2011 at 8:12am
------------- "When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter. |
Posted By: impulse418
Date Posted: 15 August 2011 at 8:26am
Don't forget Afghanistan.
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Posted By: oldpbnoob
Date Posted: 15 August 2011 at 8:40am
------------- "When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter. |
Posted By: ParielIsBack
Date Posted: 15 August 2011 at 9:26am
At the same time, there's no mass exodus either. People are reenlisting even after they do two tours in three or four years. It'd be hard to find a time in history when our military had better benefits.
We were stretched thin in 2007-2008, but no one's getting stop-lossed these days, and we're looking at cuts in military spending and reduction in force sizes around the corner. We're definitely not in a pickle. ------------- BU Engineering 2012 |
Posted By: impulse418
Date Posted: 15 August 2011 at 12:04pm
Hmm, seems like a lot of the countries that are involved with Libya, are apart of the U.N. The U.N. will only get involved, if a country not apart of their club, goes after resources first. |
Posted By: oldpbnoob
Date Posted: 15 August 2011 at 12:48pm
------------- "When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter. |
Posted By: Donald Blake
Date Posted: 15 August 2011 at 1:31pm
I am not aware that the US has appropriated any national resources from Iraq. If that was a resource-motivated invasion, it was the worst such invasion in history. As far as I can tell, the second invasion of Iraq has resulted in a significant amount of US funds being expended to build Iraqi infrastructure (after first blowing it up). As the saying goes, you're doing it wrong. -------------
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Posted By: Donald Blake
Date Posted: 15 August 2011 at 1:32pm
... except that none of those countries will be looting Libya. -------------
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Posted By: ParielIsBack
Date Posted: 15 August 2011 at 1:35pm
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We never claimed to be any good at invading. ------------- BU Engineering 2012 |
Posted By: oldpbnoob
Date Posted: 15 August 2011 at 1:36pm
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Can't tell is DB's sketchy meter is working or not. In case it's not, I was joking and wondering how long it would take a certain someone to throw that down. ------------- "When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter. |
Posted By: Monk
Date Posted: 15 August 2011 at 2:07pm
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There is a difference between the military being stretched thin and the military being at capacity or fully manned. There is only so much money allocated to paying salaries, so there is only so many positions that can be filled. And with budget cuts the amount of positions goes down. Which is why right now the navy is making up new ways to kick people out such as tougher PFA standards and Preform to Serve. |
Posted By: ParielIsBack
Date Posted: 15 August 2011 at 2:48pm
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1. Reduction in real or perceived duties for the branch of service.
2. Reduction in appropriations for said service.
3. Reduction in personnel.
Frankly, there isn't a lot of saying "no" going on in Washington with regards to military spending.
But regardless, that wasn't the point. People are more than happy to join the military at the moment, and there certainly isn't the backlash from the services or family organizations against repeated deployments there was three or four years ago.
If they really do change military benefits (especially cutting retirement salaries) that could change rapidly. ------------- BU Engineering 2012 |
Posted By: Donald Blake
Date Posted: 15 August 2011 at 3:06pm
Due to Poe's Law, I have deactivated my sarcasm detector, and take all posts at face value. -------------
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Posted By: oldpbnoob
Date Posted: 15 August 2011 at 4:40pm
------------- "When I grow up I want to marry a rich man and live in a condor next to the beach" -- My 7yr old daughter. |
Posted By: impulse418
Date Posted: 15 August 2011 at 5:21pm
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:)
I do believe we entered Iraq, because Saddam wanted to drop USD, for oil trading.
But I think the main reason we entered both Afghanistan, and Iraq. Is because of the strategic surrounding of Iran. Our higher ups are pretty worried about that country.
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