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User Name Thread Name Subject Posted
ollaimh BS: debt limit. can nybody explain why (72* d) RE: BS: debt limit. can nybody explain why 11 Jan 13


dear dick, the debt limit is a farce. of course america should be commited to repaying any money ot owes without a vote, but in fact it is. if the repayments stopp so will the wordl financial syatem with so many consequenses that it would take hours to list them. that's why its a farce.

ameica is considered credit worth for now mainly because to do otherwise would bring the world financial syatem dowm with a thundering crash. the chinese own trillions in us debt. if they try to collect immediately then their credits become worthless. however a system that is a house of cards cannot survive a major financial hit. can you say climate change, can yoiu say peak oil, can you say military defeat. any and all will eventually happen. then you will have to decide if the descent is going to be horrifying or civil.

i just hope i die before someone wants to kill me to eat me. i'm sixty, the odds are fifty fifty on that. people under fifty--you got a real problem comming


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