Worst Case: The Day The Dollar Falls Part 2/6

[ScrapGoldBass]

I dont get the anology of the asians and the american on the island. Americans acually work long hours-and yes we are fat--from eating crappy food. In America, healthy food is expensive-believe it or not. Someone explain this analogy, please.

[alex630710]

@ScrapGoldBass

Americans buy chinese goods on credit while the Chinese produce goods and save.

Who own who ?

[TWSceptic]

@ScrapGoldBass Americans mostly work in retail and services, too little production to support the economy. Production moved to Asia because stupid government added too much regulation, taxes and no freedom in wages.

[surcophniot28]

American's you made your bed. Lie in it. You selfish morons p.s Posted by an American

[AtomicHoosier]

@surcophniot28 Fuck that man. I work my ass off every day to make a living. I pay my bills. My government did this not me!

[artsnflies]

Pres. Clinton did NOT create a surplus. It was a PROJECTED surplus over a decade IF this-that-something else happened. The projections assumed ever growing tax revenues, ever growing employment, low interest rates - basically rosey conditions forever. Under those circumstances who couldn't run a surplus?! But there was no miracle of a surplus sudden appearing in Pres. Clinton's treasury. That's a myth.

[billy123174]

dutch hay,

[TheBigdick888]

Get your Guns, Gas, and Gold.......be prepared!

[altoids79762]

@TheBigdick888 no gold i wold rather have someone trade me food and ammo tham silly shiny peices of metal

[JOHNNYH8STHENWO]

@salo73 Oh yeah, eliminate the middle class and we're too poor to fight back. I've put the pieces together, just as you have. It's gonna get really bad. Good luck bro/sis?

[JOHNNYH8STHENWO]

@000Winter000 I totally agree. I'm getting ready.

[Dimbledem]

Just as A thought but if America Does Fail =] China has made a bad loan which will in turn shake up Europe even More which is already Shaky because of Greece Portugal and others Who Germany wont bail out =] Soooo It'll be like a big Domino effect America Asia to Europe,

[Dimbledem]

if America Fails There ok they'll set up a new government they're Resilient people However Not saying that Europe isnt Resourceful but they'll still have to work within the confines of they're Governments so It'll Bring the World to its knees if America Fails

[LordoftheKaty]

The cancer which has caused this entire problem is not capitalism, for we in America have not had capitalism since 1913. (Hint 1913) The problem lies within our currency, the cancer is the Federal Reserve which is privately owned by major foreign and US banking cartels which now own the government and are wanting to bring in the NWO. We are all indentured slaves to these institutions simply because each dollar is debt, for there is a direct correlation between the money supply and debt.

[lilbrother45]

The US military developed the internet. DARPA.

[Tabooga65]

The socialist is correct that the U.S. is in trouble but thier love of taxes kills me. Makes you question how they get anything correct!

[mallamoozoo]

Right on! - Kick the Americans off the global island!

[lookatthewholething]

The thing of it is too though is that many of these banks make it too easy to borrow money which is also a part of the problem. We always get stuff in the mail from Credit Card companies etc. who offer low teaser interest rates and it is easy to get caught up in that trap. The US govt takes it to a whole new level. The Fed and ppl who lend are part of the problem as well. Kick the suppliers off the island and the US would need to start feeding themselves. Can be looked at both ways maybe. Greed.

[Tabooga65]

LOl. Yeah but it is becuase of America that your pissant country is even around and who develpoed the internet?

[mallamoozoo]

Wrong - Australia has the oldest land on earth - 3800 billion years for some regions.

We were hear way before the USA.

And the Us didnt invent the internet - the military did - not any nation.

[epiloguer]

US GDP is over 14 Trillion dollars. Think of it as this way.  $20,000 debt on a person who makes $30,000 a year. Not a big deal. Everybody has debt at a certain amount through out their lives. Yes the US debt is alot of money but not as much as you haters and pessimists would want to believe.

[jisangNY1]

The national debt is now $12 Trillion dollars, up from 7 Trillion when this programmed was aired. Ridiculous. Absolutely ridiculous.

[cramsa]

correction, it's 13TRILLION, and that's not even counting unfunding liabilities like social security.

[chrisblueworld]

@jisangNY1

And now it is $13 Trillion dollars...

[pringle959]

@jisangNY1 $ 14 trillion + Jan 2011

[lgarvey1979]

@jisangNY1 Now 14 trillion dollars and accelerating 

[MaikyGFD]

@jisangNY1 Now it's $15 trillion :)

[TWSceptic]

@MaikyGFD And will be 16 soon. Just crazy, this is going to collapse no doubt.

[JOHNNYH8STHENWO]

Obama won't be able to fix this. I'm American and I'm getting ready for the worst. I never had a credit card, never had to pay a mortgage and never took a loan from a bank so I would like to think of myself as exempt from what the stupid ones did to ruin our economy.

[Seano71]

get yourself as much gold and silver as you can. Along with ammo, food, seeds and you will do very well out of it

[JOHNNYH8STHENWO]

Silver-check, food-check, seeds-check, water-check. Also picking up some colloidal silver. Pneumonic plague breaking out in the Ukraine and will probably be here soon.

[kevo4369]

Preparation is the best thing you can do.

Prepare for the absolute worst - worse than the Great Depression.

It may just become TEOTWAWKI when the SHTF.

[mallamoozoo]

unfortunately no - the Government's bailouts mean that the prudent ones who lived within their means for years in anticipation of the collapse now have no reward for their patience while the reckless gamblers who lived the high life - for what should have been a short term party followed by a long term hangover for them, unfortunately have been given a lifeline - no repercussions for their actions and WORSE - continuing on the same merry path of over consumption!

Its appalling!

[mallamoozoo]

Think of it as analogous to healthy people who looked after themselves for a healthy future, having their retiremnt funds heavily taxed to pay the healthcare cost s of reckless obese alcoholic chain smokers. It's disgraceful !

[brder4ev]

In the end it is the Americans living beyond their Means which has caused this. Sure the Sharks have contributed to it immensely but they were taking advantage of these same Consumers that have their eyes closed.

[justbourlier]

:( A lot of us Americans are pretty disgusted with our politicians, policies, and the Federal Reserve. Your comments of disdain should be focused on them, rather than us citizens. When we get after our politicians, we're called angry mobs and extremists in the mainstream media.

[StarLightTruthSeeker]

I agree @justbourlier. It's not the "Americans" fault entirely. It's that we have been deceived and dumbed down so much that the greedy banks lost track of their own schemes. You can't just give people money that is nonexistent and not expect people not to take advantage. Do you know how many uneducated people look at credit cards as free money with no intention or regard to consequences of not paying it back? I hope the citizens of the U.S. learn their lessons as Americans are very resilient.

[zeusvalentine]

america will become an exporter country again.

is that a bad thing? No

[kevo4369]

America as we know it will cease to exist.

[salahuddin786]

The Americans will cause the $ to fall so China's Super Power status is never seen in the 20 years - the US has lost its status anyway in the next 24 months.

Reason: One World Currency. No Lone Super Power again

[TheLostRepublic]

i agree "kick" america off the island =)