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 Message Boards » » Comptroller Gen. says US to go bankrupt in 30 yrs Page [1]  
esgargs
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http://www.youtube.com/watch?v=KGpY2hw7ao8

Biggest threat isn't some man holed up in a cave.

8/28/2007 8:05:03 AM

JCASHFAN
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[old]

/message_topic.aspx?topic=490310

but the video is actually interesting, gg

[Edited on August 28, 2007 at 8:14 AM. Reason : .]

8/28/2007 8:11:25 AM

LoneSnark
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[old]

But [old] does not do it justice... we need a unique identifier if Salsburybutt already did it... perhaps [salsbury] or [wakko].

[Edited on August 28, 2007 at 8:50 AM. Reason : ..]

8/28/2007 8:49:35 AM

esgargs
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You mean Salisburyboy controls the Comptroller General, or dictates rudimentary math?

NO WAYYYY

8/28/2007 8:56:00 AM

rainman
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Comptroller General doesn't look Jewish enough so no one takes him seriously.

8/28/2007 4:57:56 PM

The Coz
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I don't care about Social Security, because I'm pretty much banking that that will be gone, but I'd prefer not to have a stock market crash cause that will take out the rest of my retirement.

8/28/2007 6:45:35 PM

umbrellaman
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^I'm with you. I'm certain that we'll inevitably have to write off Social Security, but I'd really hate for my investments to dry up.

I really hope we don't get another Bush-esque administration in the future (or rather, I hope Das Fuhrer doesn't decide to shit all over the rest of the Constitution and declare himself President-4-Life), because they'll run the economy into the ground. I'm sure that the Democrats won't fare any better and are just waiting to line their buddies pockets, but at least there's a chance that they won't deliberately try to sink us all.

8/28/2007 7:47:10 PM

Solinari
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^ banking scandal

/hopes

8/28/2007 9:49:22 PM

Flyin Ryan
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Both parties are equally incompetent and will equally produce the same result - failure.

And diversify your retirement by getting a sizable portion of it out of the stock market as much as possible. For right now, try commodities.

[Edited on August 28, 2007 at 10:21 PM. Reason : /]

8/28/2007 10:18:28 PM

LoneSnark
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commodities? Today? Commodities are already inflated, so you'd be buying high. Sure, it could be years, but commodity prices are going to come down.

8/28/2007 11:54:52 PM

BridgetSPK
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MY PENIS IS BIGGER THAN YOURS!

8/29/2007 12:21:17 AM

sumfoo1
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we got the bombs.

remember what the poor kids did in school?
steal lunch money

8/29/2007 12:39:36 AM

statered
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Does this mean we can stop paying into social security now?, considering none of us will ever see a dime of that money back. Biggest socialist program I've ever heard of.

8/29/2007 1:05:07 AM

SandSanta
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I actually don't think this will pan out on the simple basis that medical costs in the united states right now are insanely overinflated and will probably be readjusted.

Social Security most likely will be written off and/or the minimum age for retirement increased.

Yea our generation is boned, but Uncle Sam will get his.

8/29/2007 1:41:12 AM

Lowjack
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How can we go bankrupt if we print money?

8/29/2007 8:54:51 AM

Aficionado
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super high inflation if you print the amount of money that would be required

there has to be something that backs up the money

if we go bankrupt, it wont be our good name that provides the value



[Edited on August 29, 2007 at 10:16 AM. Reason :

8/29/2007 9:57:45 AM

Flyin Ryan
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Quote :
"How can we go bankrupt if we print money?"




[Edited on August 29, 2007 at 12:29 PM. Reason : .]

8/29/2007 12:29:02 PM

JCASHFAN
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Is that Germany? As I recall, my dad used to have a 6 million mark Deutschmark from the 30s.

[Edited on August 29, 2007 at 1:08 PM. Reason : damn touch-pad]

8/29/2007 1:07:50 PM

Flyin Ryan
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Yes.

The lady in the picture is burning the money because it burns longer than the firewood the money could buy for heating.

[Edited on August 29, 2007 at 1:32 PM. Reason : .]

8/29/2007 1:30:59 PM

GoldenViper
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They'll probably cure aging before I get too old.

Of course, that won't be cheap either.

8/29/2007 2:00:11 PM

LoneSnark
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Germany's problem is that it's debts were denominated in either foreign currency or gold, neither of which it can print.

As for America, our debts are denominated in U.S. dollars. The more money we print, the greater inflation, the less we owe

8/29/2007 2:05:10 PM

SandSanta
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Yea except they'd be normalized ie go from billions to trillions etc.

The good part of that is that if we print enough money fast enough we'll run out of words to give value to the amount of money we owe and well we can't owe something thats undefined, right? RIGHT?

Lets just print ten 1 trillion dollar notes and give it to our lenders.

8/29/2007 2:17:00 PM

The Coz
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Gold standard.

8/29/2007 11:58:19 PM

 Message Boards » The Soap Box » Comptroller Gen. says US to go bankrupt in 30 yrs Page [1]  
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