What's the worst that could happen if the US defaults?

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Walking Dead
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What's the worst that could happen if the US defaults?
9 months ago

While the republicans have been trying to poo-poo the possible effects of a US default, it is interesting and frightening what could happen-

http://www.nbcnews.com/business/whats-worst-could-happen-7-debt-default-doomsday-scenarios-8C11366851

In the meantime, business leaders are warning what could happen if the US defaults-

http://www.latimes.com/business/la-fi-bankers-debt-limit-20131003,0,3809242,full.story

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LeRentier
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Re: What's the worst that could happen if the US defaults?
In reply to Walking Dead, 9 months ago

Walking Dead wrote:

While the republicans have been trying to poo-poo the possible effects of a US default, it is interesting and frightening what could happen-

http://www.nbcnews.com/business/whats-worst-could-happen-7-debt-default-doomsday-scenarios-8C11366851

In the meantime, business leaders are warning what could happen if the US defaults-

http://www.latimes.com/business/la-fi-bankers-debt-limit-20131003,0,3809242,full.story

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Defender of Truth, Justice, and the American Way

In the event the US defaults, which I hope will not happen, the value of the US dollar will tumble dramatically.
Treasury bonds will be snubbed by foreign financial institutions, unless the interest rate is raised and doubled, tripled or better.
Imports will become difficult because sellers will demand money, not monopoly money like the US dollar would become.
The US might have to deplete its stock of Gold to pay for its debts and that is a perillous thing for the future of the US at all levels.
Can you imagine a halt to international flights for US airlines, out of fear their planes will be seized to pay for outstanding kerosene bills ?
Can you imagine Obama getting stuck in a foreign country because someone has the brilliant idea to seize his Air Force One flying machine or limousine to recover some debt ? Aircraft does not have diplomatic status, neither does a presidential limousine.
"Charge it my account" could become an almost suicidal phrase to pronounce for any American travelling abroad, with the prospect of being detained until the bill is paid in local banknotes.
I believe a serious earthquake, with California sliding into the ocean, would be the nicer option.

. . . _ _ _ . . .
veni vidi vomi

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rb59020
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Re: What's the worst that could happen if the US defaults?
In reply to LeRentier, 9 months ago

Like I've said before, it's what we deserve.

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LeRentier
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Re: What's the worst that could happen if the US defaults?
In reply to rb59020, 9 months ago

rb59020 wrote:

Like I've said before, it's what we deserve.

Maybe so but does the rest of the planet deserve the trickle down effects ?
. . . _ _ _ . . .
veni vidi vomi

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Walking Dead
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Re: What's the worst that could happen if the US defaults?
In reply to LeRentier, 9 months ago

LeRentier wrote:

Walking Dead wrote:

While the republicans have been trying to poo-poo the possible effects of a US default, it is interesting and frightening what could happen-

http://www.nbcnews.com/business/whats-worst-could-happen-7-debt-default-doomsday-scenarios-8C11366851

In the meantime, business leaders are warning what could happen if the US defaults-

http://www.latimes.com/business/la-fi-bankers-debt-limit-20131003,0,3809242,full.story

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Defender of Truth, Justice, and the American Way

In the event the US defaults, which I hope will not happen, the value of the US dollar will tumble dramatically.
Treasury bonds will be snubbed by foreign financial institutions, unless the interest rate is raised and doubled, tripled or better.
Imports will become difficult because sellers will demand money, not monopoly money like the US dollar would become.
The US might have to deplete its stock of Gold to pay for its debts and that is a perillous thing for the future of the US at all levels.
Can you imagine a halt to international flights for US airlines, out of fear their planes will be seized to pay for outstanding kerosene bills ?
Can you imagine Obama getting stuck in a foreign country because someone has the brilliant idea to seize his Air Force One flying machine or limousine to recover some debt ? Aircraft does not have diplomatic status, neither does a presidential limousine.
"Charge it my account" could become an almost suicidal phrase to pronounce for any American travelling abroad, with the prospect of being detained until the bill is paid in local banknotes.
I believe a serious earthquake, with California sliding into the ocean, would be the nicer option.

If we go down, we're taking the rest of the world with us. Hahahahahahahaha

Seriously, the Tea Partiers aren't business savvy, so they don't look at the big picture. So, much for the Republicans being the party that businesses support. Just about every business and financial person has come out against a default.

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KEVZPHOTOS
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Re: What's the worst that could happen if the US defaults?
In reply to Walking Dead, 9 months ago

Re: What's the worst that could happen if the US defaults?

hmmm, let's see...

1.4 billion angry, screaming Chinks at your doorstep demanding their money back pronto!

KEV

"No problem can be solved at the level of consciousness which created it" - Albert Einstein

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Allochka Emiliana
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Re: What's the worst that could happen if the US defaults?
In reply to Walking Dead, 9 months ago

Walking Dead wrote:

While the republicans have been trying to poo-poo the possible effects of a US default, it is interesting and frightening what could happen-

http://www.nbcnews.com/business/whats-worst-could-happen-7-debt-default-doomsday-scenarios-8C11366851

In the meantime, business leaders are warning what could happen if the US defaults-

http://www.latimes.com/business/la-fi-bankers-debt-limit-20131003,0,3809242,full.story

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World War 3!

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Wheatfield
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Re: What's the worst that could happen if the US defaults?
In reply to LeRentier, 9 months ago

LeRentier wrote:

rb59020 wrote:

Like I've said before, it's what we deserve.

Maybe so but does the rest of the planet deserve the trickle down effects ?
. . . _ _ _ . . .
veni vidi vomi

Do you really think Americans in general give a damn about the rest of the world? Most of the time, they only know about places because their government is in the process of blowing it up.

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tkbslc
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Re: What's the worst that could happen if the US defaults?
In reply to Wheatfield, 9 months ago

Wheatfield wrote:

LeRentier wrote:

rb59020 wrote:

Like I've said before, it's what we deserve.

Maybe so but does the rest of the planet deserve the trickle down effects ?
. . . _ _ _ . . .
veni vidi vomi

Do you really think Americans in general give a damn about the rest of the world? Most of the time, they only know about places because their government is in the process of blowing it up.

Typical Canadian intolerance......

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tkbslc
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Re: What's the worst that could happen if the US defaults?
In reply to KEVZPHOTOS, 9 months ago

KEVZPHOTOS wrote:

Re: What's the worst that could happen if the US defaults?

hmmm, let's see...

1.4 billion angry, screaming Chinksat your doorstep demanding their money back pronto!

KEV

We will point them northward so they can attack the racists.

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KEVZPHOTOS
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Re: What's the worst that could happen if the US defaults?
In reply to tkbslc, 9 months ago

tkbslc wrote:

KEVZPHOTOS wrote:

Re: What's the worst that could happen if the US defaults?

hmmm, let's see...

1.4 billion angry, screaming Chinksat your doorstep demanding their money back pronto!

KEV

We will point them northward so they can attack the racists.

Chink is NOT racist...it's like the term Yid, Kraut, or Wop, etc...

It's merely a "nickname" that refers to a specific ethnic group....not race.

There is ONLY "one" race on this planet.

The HUMAN race.

KEV

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LeRentier
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Re: What's the worst that could happen if the US defaults?
In reply to KEVZPHOTOS, 9 months ago

KEVZPHOTOS wrote:

tkbslc wrote:

KEVZPHOTOS wrote:

Re: What's the worst that could happen if the US defaults?

hmmm, let's see...

1.4 billion angry, screaming Chinksat your doorstep demanding their money back pronto!

KEV

We will point them northward so they can attack the racists.

Chink is NOT racist...it's like the term Yid, Kraut, or Wop, etc...

It's merely a "nickname" that refers to a specific ethnic group....not race.

There is ONLY "one" race on this planet.

The HUMAN race.

KEV

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"No problem can be solved at the level of consciousness which created it" - Albert Einstein

It's going to take him several months to figure out the differences between racism, discrimination, nicknames and political correctness.

Another burnout in the making.

. . . _ _ _ . . .
veni vidi vomi

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LeRentier
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Re: What's the worst that could happen if the US defaults?
In reply to tkbslc, 9 months ago

tkbslc wrote:

Wheatfield wrote:

LeRentier wrote:

rb59020 wrote:

Like I've said before, it's what we deserve.

Maybe so but does the rest of the planet deserve the trickle down effects ?
. . . _ _ _ . . .
veni vidi vomi

Do you really think Americans in general give a damn about the rest of the world? Most of the time, they only know about places because their government is in the process of blowing it up.

Typical Canadian intolerance......

Do you believe that the average American actually does care about the well-being of people in other countries ?

. . . _ _ _ . . .
veni vidi vomi

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SEMO
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Re: What's the worst that could happen if the US defaults?
In reply to LeRentier, 9 months ago

Just more dooms day rhetoric. The government brings in enough money to meet it's primary obligations such as servicing the debt, supporting social security and medicare as well as the military. In spite of what you hear this is so much fat in the government you could trim it with a cleaver and still not make a dent.

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28to70
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Re: What's the worst that could happen if the US defaults?
In reply to Allochka Emiliana, 9 months ago

Well, someone is right.  The Dollar would become worthless.  It's now worth 5 cents.  Some of you that have stocks, bonds, pensions, and for the really stupid people that have a savings account, your money will buy absolutely nothing.

Except for a few realists in Congress and Ron Paul and Paul Craig Roberts, who propose ending the Fed, pulling out of Iraq and Afghanistan, closing 95% of our overseas bases, bringing back gold and silver as a medium of exchange, eliminating waste, go to a flat tax, and.... any more ideas?

Well, guess who did this? Guess who reset the red button? The Soviet Union!

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jonrobertp
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Re: What's the worst that could happen if the US defaults?
In reply to LeRentier, 9 months ago

LeRentier wrote:

Walking Dead wrote:

While the republicans have been trying to poo-poo the possible effects of a US default, it is interesting and frightening what could happen-

http://www.nbcnews.com/business/whats-worst-could-happen-7-debt-default-doomsday-scenarios-8C11366851

In the meantime, business leaders are warning what could happen if the US defaults-

http://www.latimes.com/business/la-fi-bankers-debt-limit-20131003,0,3809242,full.story

-- hide signature --

Defender of Truth, Justice, and the American Way

In the event the US defaults, which I hope will not happen, the value of the US dollar will tumble dramatically.
Treasury bonds will be snubbed by foreign financial institutions, unless the interest rate is raised and doubled, tripled or better.
Imports will become difficult because sellers will demand money, not monopoly money like the US dollar would become.
The US might have to deplete its stock of Gold to pay for its debts and that is a perillous thing for the future of the US at all levels.
Can you imagine a halt to international flights for US airlines, out of fear their planes will be seized to pay for outstanding kerosene bills ?
Can you imagine Obama getting stuck in a foreign country because someone has the brilliant idea to seize his Air Force One flying machine or limousine to recover some debt ? Aircraft does not have diplomatic status, neither does a presidential limousine.
"Charge it my account" could become an almost suicidal phrase to pronounce for any American travelling abroad, with the prospect of being detained until the bill is paid in local banknotes.
I believe a serious earthquake, with California sliding into the ocean, would be the nicer option.

. . . _ _ _ . . .
veni vidi vomi

And what do you think would happen to the price of gold then ?

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tkbslc
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Re: What's the worst that could happen if the US defaults?
In reply to LeRentier, 9 months ago

LeRentier wrote:

tkbslc wrote:

Wheatfield wrote:

LeRentier wrote:

rb59020 wrote:

Like I've said before, it's what we deserve.

Maybe so but does the rest of the planet deserve the trickle down effects ?
. . . _ _ _ . . .
veni vidi vomi

Do you really think Americans in general give a damn about the rest of the world? Most of the time, they only know about places because their government is in the process of blowing it up.

Typical Canadian intolerance......

Do you believe that the average American actually does care about the well-being of people in other countries ?

Absolutely.

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tkbslc
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Re: What's the worst that could happen if the US defaults?
In reply to KEVZPHOTOS, 9 months ago

KEVZPHOTOS wrote:

tkbslc wrote:

KEVZPHOTOS wrote:

Re: What's the worst that could happen if the US defaults?

hmmm, let's see...

1.4 billion angry, screaming Chinksat your doorstep demanding their money back pronto!

KEV

We will point them northward so they can attack the racists.

Chink is NOT racist...it's like the term Yid, Kraut, or Wop, etc...

It's merely a "nickname" that refers to a specific ethnic group....not race.

There is ONLY "one" race on this planet.

The HUMAN race.

KEV

Ask a Chinese immigrant how they feel about the term.

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KEVZPHOTOS
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Re: What's the worst that could happen if the US defaults?
In reply to tkbslc, 9 months ago

tkbslc wrote:

KEVZPHOTOS wrote:

tkbslc wrote:

KEVZPHOTOS wrote:

Re: What's the worst that could happen if the US defaults?

hmmm, let's see...

1.4 billion angry, screaming Chinksat your doorstep demanding their money back pronto!

KEV

We will point them northward so they can attack the racists.

Chink is NOT racist...it's like the term Yid, Kraut, or Wop, etc...

It's merely a "nickname" that refers to a specific ethnic group....not race.

There is ONLY "one" race on this planet.

The HUMAN race.

KEV

Ask a Chinese immigrant how they feel about the term.

Everyone in the USA seems to be offended by ethnic based humour.

This is not the case in the UK where I grew up

Benny Hill - Mr Chow Mein

Mimicking, and poking fun at ethnic stereotypes is probably the best British humour.

Here's another example:

The Two Ronnies - Insurance against becoming Jewish

Lighten up - will ya

KEV

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Walking Dead
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Re: What's the worst that could happen if the US defaults?
In reply to KEVZPHOTOS, 9 months ago

KEVZPHOTOS wrote:

tkbslc wrote:

KEVZPHOTOS wrote:

tkbslc wrote:

KEVZPHOTOS wrote:

Re: What's the worst that could happen if the US defaults?

hmmm, let's see...

1.4 billion angry, screaming Chinksat your doorstep demanding their money back pronto!

KEV

We will point them northward so they can attack the racists.

Chink is NOT racist...it's like the term Yid, Kraut, or Wop, etc...

It's merely a "nickname" that refers to a specific ethnic group....not race.

There is ONLY "one" race on this planet.

The HUMAN race.

KEV

Ask a Chinese immigrant how they feel about the term.

Everyone in the USA seems to be offended by ethnic based humour.

This is not the case in the UK where I grew up

Benny Hill - Mr Chow Mein

Mimicking, and poking fun at ethnic stereotypes is probably the best British humour.

Here's another example:

The Two Ronnies - Insurance against becoming Jewish

Lighten up - will ya

KEV

Kev, here's a question for you. Would you use any of those terms in when you're not behind a computer screen? Would you call a Chinese person a 'chink'? Or an Italian, a 'wop'? Or a black male, a nig...?

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