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  #1  
Old 07-27-2013, 02:21 PM
r00t r00t is offline
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Quote:
Originally Posted by Kagatob [You must be logged in to view images. Log in or Register.]
Maybe you should worry about paying your rent that you were so hellbent about killing yourself over not being able to afford?
you got the wrong guy

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Originally Posted by Malice_Mizer [You must be logged in to view images. Log in or Register.]
I'm confused as to how you're able to draw equivalencies between our distant past and the world's sole superpower/global hegemon. What do you visualize when you think of "societies" collapsing? I think you're referring to governments collapsing. Societies don't collapse-- they evolve. The Roman Empire fell, and a new regional order of decentralization came to the fore, giving rise to the nation-state and the conditions that allowed Europe to conquer the world.

I don't think the nature of power vacuums, our societal sense of law and order, and our global importance, all combined with the state of modernity really lends itself to your conception of "societal collapse."

The global financial infrastructure relies on US debt, and the reliability of that debt (more than 1/3 of which is directly held by the US government itself). Nothing would possibly happen where the US government somehow defaults on its debt. That would send literally the entire planet into a tailspin of chaos. We're simply too important. We have the world under our nuclear umbrella. The dollar is the de facto global currency. Virtually every state on this planet relies heavily upon our financial assistance and military presence. The US at this juncture is unlike any other state in the history of the world, and for that reason, your premise and equivalencies just aren't applicable.
I will agree with that point. That's why the coming hyperinflationary holocaust will be the complete and total collapse of society. Current path is unsustainable, money as debt while arguably necessary does come with consequence (especially with the abuse of the past decade), and the only people willing to change the system are sidelined and silenced.
  #2  
Old 07-27-2013, 02:07 PM
Malice_Mizer Malice_Mizer is offline
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I'm confused as to how you're able to draw equivalencies between our distant past and the world's sole superpower/global hegemon. What do you visualize when you think of "societies" collapsing? I think you're referring to governments collapsing. Societies don't collapse-- they evolve. The Roman Empire fell, and a new regional order of decentralization came to the fore, giving rise to the nation-state and the conditions that allowed Europe to conquer the world.

I don't think the nature of power vacuums, our societal sense of law and order, and our global importance, all combined with the state of modernity really lends itself to your conception of "societal collapse."

The global financial infrastructure relies on US debt, and the reliability of that debt (more than 1/3 of which is directly held by the US government itself). Nothing would possibly happen where the US government somehow defaults on its debt. That would send literally the entire planet into a tailspin of chaos. We're simply too important. We have the world under our nuclear umbrella. The dollar is the de facto global currency. Virtually every state on this planet relies heavily upon our financial assistance and military presence. The US at this juncture is unlike any other state in the history of the world, and for that reason, your premise and equivalencies just aren't applicable.
  #3  
Old 07-27-2013, 02:33 PM
Malice_Mizer Malice_Mizer is offline
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You also seem to ignore that Obama has overseen dramatic slashing of the budget deficit.

Remember S&P's bitching about our credit rating a while back, essentially saying that Tea Party Republicans are so obstructionist that S&P doubts Congress's ability to achieve a debt/deficit deal? Here's a headline from last month:

"S&P says shrinking U.S. deficit boosts debt outlook"

So, so many things would happen before, as you put it, "total societal collapse."

Inflation is stable at ~2%, and has been for years. Hyperinflation is 20%+, I'd say. Bernanke actually said that a healthy inflation rate is a bit higher than the one we currently have. It would actually be more advantageous for the US government to achieve higher inflation rates, because the cost of our debt would shrink in real dollar terms.
  #4  
Old 07-27-2013, 02:38 PM
r00t r00t is offline
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Then you'll have a run on the dollar a it quickly turns into the paper it's not printed on
  #5  
Old 07-27-2013, 02:47 PM
radditsu radditsu is offline
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Originally Posted by r00t [You must be logged in to view images. Log in or Register.]
Then you'll have a run on the dollar a it quickly turns into the paper it's not printed on
Hyperbole.
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  #6  
Old 07-27-2013, 02:50 PM
Malice_Mizer Malice_Mizer is offline
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Originally Posted by radditsu [You must be logged in to view images. Log in or Register.]
Hyperbole.
Also known as "fucking unintelligible nonsense."
  #7  
Old 07-27-2013, 02:52 PM
radditsu radditsu is offline
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Originally Posted by Malice_Mizer [You must be logged in to view images. Log in or Register.]
Also known as "fucking unintelligible nonsense."
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  #8  
Old 07-27-2013, 03:21 PM
Ryba Ryba is offline
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Being a paranoid nutter seems like a great gig. Whenever you get called out on your theories you can just accuse everyone of being an unwitting sheep. Instant win, no cognitive dissonance.

But good luck with your tactical sack. You should put an advanced macroeconomics textbook in there so you can learn why everything you know about monetary policy is a myth next time you "bug out" to your pillow compound.

And Obama is not worse or better than any other option, you just sound bigoted when you act like some other puppet would have been different.
  #9  
Old 07-27-2013, 02:59 PM
r00t r00t is offline
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It's not exactly outide the realm of possibilities, especially when your suggestion to pay the debt is to devalue the currency (although realistically the only way, hence collapse imminent)

Obama's gonna lshrink the debt np any day now
  #10  
Old 07-27-2013, 03:39 PM
radditsu radditsu is offline
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Originally Posted by r00t [You must be logged in to view images. Log in or Register.]
It's not exactly outide the realm of possibilities, especially when your suggestion to pay the debt is to devalue the currency (although realistically the only way, hence collapse imminent)

Obama's gonna lshrink the debt np any day now

China (sneakily) devalued its currency and put massive amounts of cash into public works projects. All to compete with a resurgence of the dollar. They havr not been as well off as people think. They are the equivalent of 60s america at this point.

japan devalued its currency to boost its commodity market after nuclear boom and tsunami combined with a decade of sluggish growth. Both of these worked well.

take the german centirc slash austerity approach in europe. It has done nothing but extend a recession. They should be focusing on growth and development projects. Like money for Cyprus oil fields.

at least we are finally seeing some news from spain.


time and time again it has been proven to invest in your people and be responsible with growth projects and your country will thrive. Currency devaluation has...at least recently shown to help jumpstart stalling systems.

manage your inflation rates dawg
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