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Debt in Western Civilization Today
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Rocky View Drop Down
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Posts: 46 		  Quote Rocky Quote  Post ReplyReply Direct Link To This Post Topic: Debt in Western Civilization Today
    Posted: 17-Dec-2012 at 18:21
Over the last few years two stories always keep recurring: the US national debt and the PIIGS of the EU. Is our goose cooked in the West? Nothing has improved it seems, but US debt is rising at such an alarming rate that it is becoming a sad joke, as if we are watching the end of the Roman Empire or something. In Europe, so-called austerity measures are blamed for sending Europe back into an "official" recession. The debt bomb there seems to be growing fast as well.
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Posts: 1748 		  Quote Toltec Quote  Post ReplyReply Direct Link To This Post Posted: 17-Dec-2012 at 20:46
They say there is no way back for a country whose National Debt to GDP goes over 100%,  and Japan is an example of this, once it topped 100% the Japanese government then the richest in the world, tried everything it could to lower it and failed. Now Japan is a disaster.


Interesting too, North Korea has the lowest national debt in the world. Looks like in a few years they'll be sending food parcels to the west.


Edited by Toltec - 17-Dec-2012 at 20:49
Stupidity got us into this mess, why can't it get us out?

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Rocky View Drop Down
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Posts: 46 		  Quote Rocky Quote  Post ReplyReply Direct Link To This Post Posted: 17-Dec-2012 at 21:34
That is just the thing isn't it? The US has just hit 100% debt to GDP and now we have to look around and face the baby boomer generation retiring. It seems like such an impossible situation that I want to say hey, stop spending that, but at the same time I feel like it was too late some time ago.
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Posts: 1748 		  Quote Toltec Quote  Post ReplyReply Direct Link To This Post Posted: 18-Dec-2012 at 00:29
In Russia under Yeltsin they stopped spending, 6 million people died, the Russia so long under government oppression knew little of fighting back. You try that in a western country you'll have a revolution (see London riots), especially as the people who'll be on the receiving end of the cuts fully understand it's the people who want to to do cutting's fault the situation happened in the first place and they're the only ones not suffering. There's is of course the new French government's solution, don't cut, rejuvenate the economy by spending instead. 
Stupidity got us into this mess, why can't it get us out?

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Posts: 1748 		  Quote Toltec Quote  Post ReplyReply Direct Link To This Post Posted: 18-Dec-2012 at 00:30
Originally posted by Toltec

In Russia under Yeltsin they stopped spending, 6 million people died, the Russians so long under government oppression knew little of fighting back. You try that in a western country you'll have a revolution (see London riots), especially as the people who'll be on the receiving end of the cuts fully understand it's the people who want to to do cutting's fault the situation happened in the first place and they're the only ones not suffering. There's is of course the new French government's solution, don't cut, rejuvenate the economy by spending instead. 
Stupidity got us into this mess, why can't it get us out?

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Posts: 17084 		  Quote medenaywe Quote  Post ReplyReply Direct Link To This Post Posted: 18-Dec-2012 at 08:13
Consumer's model stimulates our spending:Go to MacDonald.Eat Big Mac.Go to toilet and vomit it.Repeat it again.Etc.How many times do you ask yourself:Why do i buy it?Am i need it?I believe states will proclaim non consumers "dangerous elements" soon.You will be on TV show list with public executions maybe.Big smileTotalitarian state can not solve problem:Communism&Socialism are proofs for it."Solution" we play today is Virtual computer world market which just prolongates the problem:Let's my care be,next one that cares,care!LOLTill when???
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Posts: 1748 		  Quote Toltec Quote  Post ReplyReply Direct Link To This Post Posted: 18-Dec-2012 at 10:55
Originally posted by medenaywe

I believe states will proclaim non consumers "dangerous elements" soon.You will be on TV show list with public executions maybe.Big smile

Most likely, non-consumers will be hung as dangerous subversives, DIY enthusiasts flogged in public and anyone who saves money for a rainy day burnt at he stake.
Stupidity got us into this mess, why can't it get us out?

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Posts: 302 		  Quote okamido Quote  Post ReplyReply Direct Link To This Post Posted: 18-Dec-2012 at 12:46
Originally posted by Toltec

Originally posted by medenaywe

I believe states will proclaim non consumers "dangerous elements" soon.You will be on TV show list with public executions maybe.Big smile

Most likely, non-consumers will be hung as dangerous subversives, DIY enthusiasts flogged in public and anyone who saves money for a rainy day burnt at he stake.
These people have already been declared as "Domestic Extremists" by the current administration.
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Posts: 1748 		  Quote Toltec Quote  Post ReplyReply Direct Link To This Post Posted: 18-Dec-2012 at 16:22
I forgot, we should add people on diets to the list of domestic extremists.
Stupidity got us into this mess, why can't it get us out?

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Rocky View Drop Down
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Posts: 46 		  Quote Rocky Quote  Post ReplyReply Direct Link To This Post Posted: 18-Dec-2012 at 18:46
All I know, is that all of the talk about the zombie apocalypse and the mayan apocalypse in the US gives everyone a laugh, but if the world economy crashes, a lot of people are going to be completely out of their element, including me. I think that most people do not look at the debt problem as being that big of a deal, but I guess I have read enough scary news articles to worry that this is coming one day. I just hope it is not in my lifetime, I am 47, just give me a few more decades of prosperity and comfort.
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Posts: 7392 		  Quote Centrix Vigilis Quote  Post ReplyReply Direct Link To This Post Posted: 18-Dec-2012 at 19:55
Originally posted by Toltec

They say there is no way back for a country whose National Debt to GDP goes over 100%,  and Japan is an example of this, once it topped 100% the Japanese government then the richest in the world, tried everything it could to lower it and failed. Now Japan is a disaster.


Interesting too, North Korea has the lowest national debt in the world. Looks like in a few years they'll be sending food parcels to the west.
 
 
Doubtful. They are getting them from other country's thereby keeping their overhead and production requirements down....to spend on defense. They already broke in other aeras. If I were in the DPRK, I wouldn't count on the PRC that much either...as the common belief that they are viewed as second rate and easly manipulated Asian cousins remains all to prevelent.  It's the sort of relationship one could have found between whites and black Americans in Alabama in 52. I'll refrain from using the terminology of the era...in the description.
 
As for the poor?
 
 
''For ye have the poor always with you; but me ye have not always...''
 
Matt 26:11 KJV
 
 
Hq's in the Field.
Apache NF, Vic Clifton, AZ.
 
 
 
"Absence of evidence is not evidence of absence"

S. T. Friedman


Pilger's law: 'If it's been officially denied, then it's probably true'

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