View Poll Results: What do you think the future of the USA will be like ?

Voters
53. You may not vote on this poll
  • It will financially collapse

    10 18.87%
  • It will financially develop

    12 22.64%
  • a more conservative policy will dominate the country

    7 13.21%
  • a more socialistic movement will influence the country

    14 26.42%
  • It will go into world war 3

    5 9.43%
  • l dont know

    12 22.64%
  • political polarizations will cause many of these

    11 20.75%
  • other

    21 39.62%
Multiple Choice Poll.
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Thread: What do you think the future of the USA will be like ?

  1. #61
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    Re: What do you think the future of the USA will be like ?

    Quote Originally Posted by imagep View Post
    I assume that you mean if the value of the dollar compared to other currencies collapses.

    If that happened, it would simply reverse our trade deficit, and this would be a huge job creator in the US.

    If you are suggesting that if the dollar loses purchasing power within the US (like at Walmart), then that's no difference than what has been happening for the past 100 years. It would make no difference to us, as workers would simply get paid more dollars per hour, and thus could afford to spend more dollars per widget.
    This is uneconomical thinking right here

    It's very important because if the actual value of the dollar fails then the value of the reserves in the IMF would be devastated and we will need months to years to repair the economy. Our entire world economy is based on the reserves in the IMF right now and those reserves are American dollars.

  2. #62
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    Re: What do you think the future of the USA will be like ?

    Quote Originally Posted by Libertie76 View Post
    This is uneconomical thinking right here

    It's very important because if the actual value of the dollar fails then the value of the reserves in the IMF would be devastated and we will need months to years to repair the economy. Our entire world economy is based on the reserves in the IMF right now and those reserves are American dollars.
    I have to admit that I don't know anything about these reserves, or about the IMF, or what any of that matters to me.

    That stuff just sounds like fluff and vapor to me. The main street economy depends on the goods and services that we produce right here in the US.

    I can't see how some sort of accounting issue with the IMF would make a significant difference to me when I go to the barbershop or the bakery.
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    I see a big problem with the idea that whatever the majority wants is OK.

  3. #63
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    Re: What do you think the future of the USA will be like ?

    Quote Originally Posted by imagep View Post
    If our trade deficit turned to a trade surplus, that would reduce our standard of living by a tad, but it likely wouldn't reduce it as much or as fast as it is increasing. We benefit from our trade deficit, because it allows us to produce less than we consume. but if the trade deficit reversed, it wouldn't be all bad, because it would be a huge job creator.
    Greetings, imagep.

    We're talking a trade deficit of roughly $540 billion dollars, which recently was higher than our total annual GDP! It's true that our trade deficit with China has caused a loss of 3.2 million American jobs, mostly in manufacturing, according to the Economic Policy Institute, which is a huge problem.

    However, I'm talking about our debt load, which is shown on the debt clock located in NYC, which keeps track in real time on our debt which is increasing at the rate of $10 million dollars a minute. It's currently over $18 trillion dollars and climbing, and it's cummulative. That debt will have to be repaid or written off somehow. If we paid $ one million dollars per day on the debt, it would take over 2,700 years to pay it off, with no new spending. Got any suggestions?

  4. #64
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    Re: What do you think the future of the USA will be like ?

    Quote Originally Posted by polgara View Post
    However, I'm talking about our debt load, which is shown on the debt clock located in NYC, which keeps track in real time on our debt which is increasing at the rate of $10 million dollars a minute. It's currently over $18 trillion dollars and climbing, and it's cummulative. That debt will have to be repaid or written off somehow. If we paid $ one million dollars per day on the debt, it would take over 2,700 years to pay it off, with no new spending. Got any suggestions?
    We have had a federal debt for every year of the existence of this country. That one year was 1837, and the result of not having a federal debt was the depression that we went into that year.

    The debt never has to be paid off. It can (and does) keep rolling over.

    And our pecular method for creating money is by creating debt. If we ever paid off the debt, most money would be eliminated.

    But even if it did need to be paid off, that million dollars a day would work out to less than one penny for every three Americans.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  5. #65
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    Re: What do you think the future of the USA will be like ?

    Quote Originally Posted by imagep View Post
    I have to admit that I don't know anything about these reserves, or about the IMF, or what any of that matters to me.

    That stuff just sounds like fluff and vapor to me. The main street economy depends on the goods and services that we produce right here in the US.

    I can't see how some sort of accounting issue with the IMF would make a significant difference to me when I go to the barbershop or the bakery.
    Reserves are what gives credit to the actual currency, it's the backing of the currency. It's basically backing the subjective value on credit.

    I understand what you mean with goods and services, however the way to properly economize is to study the gross vs net, or production cost versus actual value. The best way to do this is with currency because you can effectively see the trends in the market to rationalize the needs and the actual amount to create so you don't spend too much resources on something the people don't want or don't need.

    If the value of our currency fails we have no way to properly economize our goods and services. It would be bankruptcy, electrical power outages refrigeration systems failures all things our economy and dollar value is relied on, it would initially turn to pandemonium in regards to human reaction, I mean look at Michael brown and compare it to everyone in the country no longer has anything to give them credit for the amount of work they have put in their entire life. Which would ultimately be destroyed if the credit value of the dollar fails.

    This leads to the suggestion as to purposes of police militarization, nationalizing certain industries etc. etc. it's come to a point in American history that now in order to sustain the power structure in the case of an economic collapse is to institute crony capitalism and governmental powers over the actual markets of the system for companies to sustain it's power in an economic collapse. This is because it is historical fact at the minute we start inflating the dollar the economic system collapses as a result in only a manner of time, and these multi national businessmen know this and are instituting political powers to protect their power after the collapse.

    However, inflation is all an illusion and it's used to try to stabilize stock rates or increase actual power in the stock market of the big businesses and effectively rob the middle and lower class out of our savings. We need to end this as soon as possible

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    Re: What do you think the future of the USA will be like ?

    Quote Originally Posted by imagep View Post
    And that debt makes absolutely no difference in your standard of living does it?

    As long as we keep reducing tax rates (as we have through our lifetimes), the debt will continue to increase, and continue to make no difference to our standard of living.
    That is until we as a nation can no longer sustain the debt we are piling up. Oh sure the government could print 20 trillion dollar notes and pay it off. But what would the dollar be worth then? How many wheel barrels of dollar bills would it take to buy a loaf of bread and a dozen eggs?
    This Reform Party member thinks it is high past time that we start electing Americans to congress and the presidency who put America first and their political party further down the line. But for way too long we have been electing Republicans and Democrats who happen to be Americans instead of Americans who happen to be Republicans and Democrats.

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    Re: What do you think the future of the USA will be like ?

    Quote Originally Posted by Libertie76 View Post
    Right now most currencies are based on fiat, the actual fiat based in the IMF. Basically the mid has reserved more American dollars then anything, so if our dollar fails so does the Chinese yuan and everything else that practices with the IMF.

    People are actually very worried about the economy of china because they are basically doing the exact same thing we are with the increased inflation etc. etc. the issue is that most countries don't want to sign a deal for competing currencies but they actually want to sign a deal for a global currency to replace the dollar. We can't allow this to happen because the fact that currencies are competing is he only thing to keep a monetary banking market to have a small aspect of a market as opposed to being monopolized. I think the next few years are going to be very interesting
    : And nerve wracking, too! The IMF has recently signaled that they might be in favor of a global currency. We know that Australia, Brazil, and many other large countries are in favor of same, with China already saying they want the yuan to be included in the basket. China has tons of gold available to back their yuan portion, but I don't know about the others. Would the dollar be a part of that basket? I don't know that either, but I do believe it will happen, maybe sooner than anyone expects, because the One World Government people want it, and they are powerful, and they like monopolies that they control, IMO.

    BTW, Good evening. ,
    Last edited by polgara; 12-13-14 at 10:30 PM. Reason: add greeting

  8. #68
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    Re: What do you think the future of the USA will be like ?

    Quote Originally Posted by polgara View Post
    And the world is catching on, which explains why so many countries around the world are agreeing that our "petro-dollar favored nation" status needs to be eliminated and replaced with a basket of currencies which have a gold backing, which would be used worldwide in place of our dollar. China wants the yuan to be part of that basket, and it is believed they have accumulated 6.000 tons of gold to back it. They are concerned about our $18 trillion, and climbing, debt and they just don't trust our dollar anymore. Many large countries have already taken steps by signing agreements with China and the oil-producing countries in the ME to use their own currencies in business transactions, eliminating their need for our dollars, which have been the global standard for trade since the end of WW2. This is a very big deal, and will harm us in so many ways. All economists agree that our standard of living will drop - they just don't know by how much, and more importantly - how soon!

    As usual, DC parties on, spending more and more money and adding to our debt. It figures....
    Exactly, but there are those who say it doesn't matter how much debt we run up. We can just print the money to cover it. Then inflation hits, soon a guy will have to make a 1,000 dollars an hour just to keep pace with the printing of money and the rise in cost of goods. Buy Chinese Yuan is probably a good idea.
    This Reform Party member thinks it is high past time that we start electing Americans to congress and the presidency who put America first and their political party further down the line. But for way too long we have been electing Republicans and Democrats who happen to be Americans instead of Americans who happen to be Republicans and Democrats.

  9. #69
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    Re: What do you think the future of the USA will be like ?

    I have high hopes for this country and the world, but it will require solving a few problems:

    1) Over population
    2) Energy solutions/Peak oil/Global Warming
    3) Better understanding of psychology
    4) Continued growth in infrastructure
    5) Massive scientific research in all fields

    Lick Your Rats
    Some mother rats spend a lot of time licking, grooming, and nursing their pups. Others seem to ignore their pups. Highly nurtured rat pups tend to grow up to be calm adults, while rat pups who receive little nurturing tend to grow up to be anxious.

    It turns out that the difference between a calm and an anxious rat is not genetic—it's epigenetic. The nurturing behavior of a mother rat during the first week of life shapes her pups' epigenomes. And the epigenetic pattern that mom establishes tends to stay put, even after the pups become adults.
    The above is nurture affecting nature... and that's huge. Small discoveries like this can help reduce crime rates, physical abuse, drug abuse, etc. All this political nonsense is useless in the end, it's small discoveries like this that can change the world.
    Ted Cruz is the dumbest person alive.

  10. #70
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    Re: What do you think the future of the USA will be like ?

    Quote Originally Posted by imagep View Post
    We have had a federal debt for every year of the existence of this country. That one year was 1837, and the result of not having a federal debt was the depression that we went into that year.

    The debt never has to be paid off. It can (and does) keep rolling over.

    And our pecular method for creating money is by creating debt. If we ever paid off the debt, most money would be eliminated.

    But even if it did need to be paid off, that million dollars a day would work out to less than one penny for every three Americans.
    Actually the panic of 1837 was because Andrew Jackson didn't institute a second central Bank of America, and the Bank of England was actually increasing supplies of fiat cash money, so when Jackson didn't sign the act for the second Bank of America it pretty much made the fiat reserves void. It was a needed panic to disrupt the actual fiat money supply's at the time. It was a panic because of the excessive spending and the excessive faulty loans, however it didn't necessarily finish the bank for good it just prolonged it until 1913 this is why many Jeffersonian republicans or whatever you want to call it suggest that there's a war on banks

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