holdover
.475 A&M Magnum
If you destroy the dollar, go broke,And reset the government, you dont have to pay back all that money we borrowed. new currency ,New gov, new game . I think they have no intention to pay back all the money they borrowed.
What is your timeframe for expected full out SHTF
- Thread starter Drinkthekoolaid
- Start date
tc556guy
.40 S&W
I have no doubt that when the US loses its global supremacy, as all empires do, the dollar will be replaced by the currency of whatever nation replaces us at the top of the heap. That's just how things go historically.
holdover
.475 A&M Magnum
Really? We are not that far off.
spat
.700 Nitro Express
yet
spat
.700 Nitro Express
That collapse may happen a lot sooner than you think.
I also wonder if there will *be* a replacement. I strongly suspect the power vacuum left by a collapsed US will not be filled so easily.
It took a millennia to fill the one left when Rome collapsed.
holdover
.475 A&M Magnum
All paper currency's fail, And the US spends money like an unlimited credit card. They spend like they have no intention to pay it back, mostly I believe because they dont plan to. They keep it going for as long as they can grabbing whatever they can because they know one day , its over .
Fed Reserve board Ben Berknake said back in 2010 or so, that if congress continues to spend at present rates the debt becomes unsustainable by 2028.
Fed Reserve board Ben Berknake said back in 2010 or so, that if congress continues to spend at present rates the debt becomes unsustainable by 2028.
tc556guy
.40 S&W
There might be a little bit of a shakeup period before things settle down, and its not going to happen overnight; unless they get nuked off the face of the planet first, I don't see anything stopping the Chinese from eventually assuming world dominance. Its been their goal all along. The real shocker will be for the rest of the world, which has gotten used to US and European diplomatic styles for several hundred years. The world isn't going to like the authoritarian Chinese style of "diplomacy".
I'm not looking all the way back to the Roman era; I'm looking at how world power transferred from one European nation to the next, before eventually settling on the US in the post-WW2 era.
tc556guy
.40 S&W
I think that we are a LONG way away from being a third world banana republic.
I do. All past world dominating countries had a growing population of young people. China doesn't. Due to their one child policy implement roughly 25 years ago they are now facing a rapid decline in people in their twentys (prime military age). China is one of, if not the fastest aging nation on the planet. Their imbalance of old to young people is much worse than ours. It's tough to conquer the world with a rapidly declining supply of troops. It's tough to be the primary economy of the world with a rapidly aging population. The chinese have a short window of about a decade if they are going to make any major military moves. The chinese navy may have a lot of ships but very few can travel more than 1,500 miles from their bases for any length of time. So they can't project power very far from home. I think they are going to cause a lot of rouble this decade (I wouldn't plan any trips to Taiwan for the foreseeable future) but I can't see them becoming the dominant world power.
tc556guy
.40 S&W
They don't need to physically conquer the entire world, they just need to dominate it economically and politically. They're already largely doing that through their manufacturing of just about everything the world uses. They'll dominate their little piece of the world with their military forces, but they aren't going to militarily conquer the bulk of the world. They wont need to, the way everything is interconnected these days.
spat
.700 Nitro Express
The debt is sustainable as long as the rest of the world is willing to pay the "inflation tax" we have built in.
Once they get fed up, we are done.
We will pay back every dollar we've ever borrowed, that's 100% guaranteed.
It's also guaranteed that the value of the dollars we pay it back with will be significantly less than the value of the dollars we borrowed.
It will get to the point that it's not worth the paper it's printed on.
I'm not a mathematician or economic guru but I can't fathom how it's even possible to payback the national debt quickly closing in on 28 trillion dollars.
It's not possible to pay that back and save our currency. The only possible way to ever pay that off is to keep printing new money. But we can't print it so rapidly that it loses value too fast. I think the only possible way to sustain our economy and debt is of it keeps growing. We need to keep printing new monet to pay off old debt, but then in doing so we have created more debt and interest keeps accumulating.
I would make an analogy of a family struggling to pay bills that keeps getting new credit cards and doing balance transfers, it will work for awhile but the problem won't go away it keeps building and getting pushed off farther down the road.
spat
.700 Nitro Express
The rules of micro economics don't apply to macro economics and geopolitics. They are as different as classical physics and quantum mechanics.
The debt can continue to grow forever, as long as inflation remains at a manageable level.
Inflation is basically directly caused by the deficit (the government/ the Fed putting more money into the economy via spending than it's taking out via taxes).
The problem is that congress is spending like a drunken sailor, they seem to have forgotten that there's a limit. Given the economic literacy of the people there it's not surprising. AOC and the like think you can just print as much as you need without consequence. Unfortunately the consequences won't be apparent to them until they've already printed and spent the money. At that point, it's too late.
Once inflation of the US dollar gets too high, the global community will be forced to abandon it, even if they wanted to keep it as the reserve.
Once that happens, inflation will go into overdrive. The Weimar Republic Deutschmark will seem stable by comparison.
That collapse will take all the global financial markets down with it, and all the major national economies. China could very well end up on top, but it will be the top of a smoking pile of carnage, not anything resembling a functioning global market.
spat
.700 Nitro Express
I can't seen them becoming the head honcho, but I *can* see them burning the whole place down trying.
tc556guy
.40 S&W
I agaree with your basic premise, but for the US to hit 3rd world banana republic level, the whole world is basically in a tail spin at that point
spat
.700 Nitro Express
The only dominant superpower since Rome besides the US was the Brits.
When they lost control we got 2 world wars.
How many do you think it'll take before the next superpower arises ?
Do you think we'll survive them ?
I think that tail spin is beginning. But, I am a bit of a room and gloom person lately.
spat
.700 Nitro Express
When it hits, it's going to happen very quickly.
Things will move much faster in a world connected by the internet than it did when a letter took 3 months to cross the empire....
You could see the global economy go from "this looks normal" to "$500,000 for a loaf of bread ?" in days.
Robin
.475 A&M Magnum
Venezuela, Argentina, despite peoples impression, they were both modern countries with a pretty high degree of sophistication. Though Argentina has made a tremendous comeback, both today would be considered 'third world' countries.
Robin
Robin
I mean....
If deagels 2025 forecast report is to be believed ....
Deagel Makes Mysterious Changes To 2025 Population Forecast For America As Bill Gates Launches ‘Grand Challenge’: The ‘Holy Grail Of Influenza Research’ And ‘Bridging The Valley Of Death’ - Algora Blog
All News Pipeline – by Stefan Stanford First published on May 2, 2018 While Microsoft founder and vaccine propagandist Bill Gates recently warned that the next deadly flu epidemic is just waiting around the corner and it could quickly lead to the deaths of more than 30 million people, we’re not...
www.algora.com
tc556guy
.40 S&W
Are you forgetting the French and Spanish? They both had their day in the sun as dominant world powers, or at least as far as "the world" was then known.
I suspect that the next world war will go nuclear multiple times over and it wont matter after that.
A book that does a somewhat decent job at trying to illustrate this to someone who has never considered it is in the first "patriots" book by James rawles
Everything is interconnected now and it will lead to systemic cascading failures in ways people can't imagine
spat
.700 Nitro Express
Dominant != Superpower.
Sure, they were each the biggest kid on the block for a time, but neither were ever the only kid that mattered.
Since the fall of the Soviet Union the US has been it.
No country on earth could do anything if we didn't let them. The only limit on American power was what the American people would allow.
Really, we might even be another class beyond what even the Romans or British achieved.
I enjoyed that book a lot. I have read it a few times.
Him and his people are the true, near perfect prep keepers.
4WHLDRFTN
.308 Win
when 9mm gets to $1per rd.....nevermind
ikilledkenny
.45 acp
8 Reasons Why Rome Fell | HISTORY
Find out why one of history's most legendary empires finally came crashing down.
www.history.com
2, 5, 7 [still applies]
3 - potentially
we still have iron clad grip on the world in terms of technology and innovation. [china is on par due to borrowed tech],
Best and brightest talent still want to come to USA , cant say that about china, they have to either produce that talent internally OR borrow consistently. Greatest minds come from free thinking societies.
I am still very optimistic about the future of this country, as long as we dont self destruct. the enemy is within.
Phazer
.450/400 Nitro Ex
Phazer
.450/400 Nitro Ex
Okay...We'll be a first world totalitarian technodictatorship.