If you think the US is gunna go broke post here.

[ALLFARMER]

Let's have a vote

[ALLFARMER]

I say they go broke because all they now how to
do is spend money, that and do stuff that does
them little to know good...start wars. The bottom
50% only own 2.5% pretty big imbalance. How
long till they use their military on their own
people?? Occupy wallstreet gets nasty?? They
should have been investing in education and
health care 20 years ago. A write down is in the
cards.

[grefer]

Nope ,never,can't happen.This said with head planted firmly in the sand.

[Hopperbin]

They can sell 100 percent of their assests to China for 50 percent of their debt on a forced free trade agreement. Things should be OK.

[crusher]

Too big to fail.

[Hopperbin]

The dinosaurs were big?

[hedgehog]

THE USA has become the same as the europe the settlers wished to escape, where e few people own most property and charge excessive rent, so keeping the rest poor.

[Happytrails]

They are gunna go broke, the only
question is when. We are presently
spending time in Phoenix area. All real
work is done by the hispanics. So many
people living off of the labors of a few.
Work is a dirty word, play is where it's
at. A recipe for breakdown IMO. Police
have shot and killed someone almost every
day for the last 2 weeks.

[TOM4CWB]

Allfarmer,

The US should have gone broke a dozen times over the past 200 years. It didn't happen. As long as US farmers grow 150 million acres of corn and beans... that economy with perculate along just fine. The diversity of Industrial and Agriculture economics...means that this US power house is PRODUCTIVE... and the world depends upon half of this production to make ends meet.

Innovation and Asia-Pacific prosperity is still rooted in US soil. The EU has proven the 'Eco-Environmental Economy' is NOT sustainable.

[jackspratwhynot]

There is no need to worry about really big issues such as if the US "goes broke". It would have such catastrophic ramifications that there would be an unimaginable financial collapse.
Its similar to a nuclear holocaust; that the world has been threatened with for years. Look at that prospect in the light of if it ever happens; one would have been "Better to be dead with a near direct nuclear strike; than wish you were dead from world wide suffering."
It's next to useless contemplating such possibilities; and building bomb shelters etc........

[cottonpicken]

It already is broke!

And there is going to be a massive financial
restructuring.

The world isnt going to end but some bad things
will happen just like they have hundreds of times
before throught the world.

Just never in our little bubble.

[Hopperbin]

I know I posted also in they are not gonna go broke I have mixed feelings . then I read this article by forbes today I think directed at the american public trying to convince them their trade deficit is not what it is.

http://www.forbes.com/2011/01/18/china-us-trade-deficit-opinions-contributors-charles-w-kadlec.html

Who are we to believe?

[Hopperbin]

They print this shit without backing it up.

[hedgehog]

have the yanks been printing fake bonds?

[Hopperbin]

What is the definition of a fake bond? a bond with collateral or a bond without? Typically corporate bonds don't hold much collateral. Does a gov't bond hold collateral? If so what is the guarantee? I just read an article that Greece have just realized they do not have any collateral on their bonds so why not just do a default?