Marc Faber Partial US debt Default
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huggmeok - You pay highere taxes and higher prices ... for fuel and everything else. You are not responsible but you are paying for it.
McCoolFinn -- ooo Are you some kind of genius. US debt is in federal reserve notes. Of course. Backed by WHAT. NOTHING Why would somone want to hold worthless paper.
aviomaster 1 year ago
This guy is an idiot. The US debt is in federal reserve notes so the rest of his argument is uneducated BS.
McCoolFinn 1 year ago
What debt? i was un-born when the debt started.. i'm not responsible , if you did not vote for it, nor sign it, you are not responsible.. go live a good life ! (who is responsible? )
huggmeok 1 year ago
@NewYorker991
I too think 10 years seems a bit optimistic. However, I have heard Mr. Faber say 3-10 years before we see the collapse/hyper inflation in the U.S.
I think in general, many have called for the collapse of the USD long before now, and as such, we shouldn't be very surprised if it does last for much of this coming decade.
CBound 1 year ago
@bkdmd
Yes Recessions are good... but frankly the system is so saturated with debt, the entitlements are so vast, the currency is so destroyed, that i'm afraid everything will need to be cleaned out..and if and when that happens, it could get ugly..the ugliest its ever been
but yes generally recessions are good when you have big bubbles...except now our whole economy is a bubble...if we had a gold standard the bubbles would be far less
NewYorker991 1 year ago
Recessions are good. That is how you get the weak out. GM should have gone out of business.
FHA owns 50% of home mortgages. Cash for clunkers and tax credits for first time home buyers is exactly the opposite what needs to be done. 99 weeks of unemployment is a big long. Don't you agree?
bkdmd 1 year ago
@throwerofturds
haha I'm not saying I know everything...i know very little... but let's be honest..predicting something in 10 years is a bit too long... I think thing economy is being propped up for months maybe a year 2 max... 10 years of propping up 1.5 quadrillion in derivatives seems impossible...
what do you think?
NewYorker991 1 year ago
@Misiti99 ok bud , from now on we just listen to you , you know it all
throwerofturds 1 year ago
why does this guy always predict collapse will be in 10 years.. who cares by then? this collapse will be this or next year at the MAX...where does he get this 10 year crap from?
Misiti99 2 years ago
oh I like this. US doesn't default oin it's "domestic creditors" and not on forieigners, instead we do the opposite! excellent idea! can you run for congress?
Fronte999 2 years ago