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. #81
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    Re: What do you think the future of the USA will be like ?

    Quote Originally Posted by Perotista View Post
    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.
    We paid over $220 billion in interest on the debt in 2012. I can't find later numbers, but it has been predicted that we will be paying nearly $ one trillion in interest by 2020, and that's with the Feds keeping rates very low for a long time. I don't believe we actually borrow money from China, per se, but they buy our Treasury offerings at auction, and we have to pay them yearly interest. I believe that I read recently that they own over $1.15 trillion in bonds, with Japan owning nearly $1.13. trillion. Together they own about 47% of foreign debt that we pay them interest on. What's going to happen to people in the US who don't have much now and have to depend on the government to survive?

    I went to my first Christmas party this afternoon, and the latest budget proposal was the main topic of conversation. It was nice to be among well-dressed intelligent business people, and just listening to their opinions, but it was scary, too. "We owe too much, yet the spending continues, so WTH is the matter with DC " seemed to be the consensus. I almost feel sorry, for their sakes, that the Repubs are taking over in a few weeks, but maybe some things can be handled, like bringing up the bills from the House for a vote that Reid has shoved in his desk over the past few years. What a messy bottleneck he created by not doing his job by putting Party over the people they are supposed to represent!

  2. #82
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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 don't believe that would be within the fed's mandate, but maybe I'm wrong about that.

    Anyhow, I don't see how a country could purchase US treasuries in any currency other than the US dollars.
    Because the u.s. Dollar is not a sustained currency, it's a federal reserve note, such as a promise note to pay of an allocates amount of debt. Each dollar you own is a dollar we owe the federal reserve. It's up to the private owners to decide what is profitable in allocating for the actual paying off that debt. Let's say that the federal reserve act didn't monopolize actual currency, and we had state currencies ok? Then you did business with a cable company, and you went to pay your bill. Let's say you live in California, and you want to pay the company in texans currency. If the company says ok we accept then you've just payed a debt in a different currency. Now let's take that concept and realize the u.s. Dollar is not the world currency it's the biggest backing of the reserves in the IMF ok? So then a country like china or even a private businessman that has x amount of Brics says ok we want to buy off the American debt with x amount of Brics, then the reserve says ok we agree.

    That's all it really is, now think of this. The people who own the federal reserve are the people who are the same people printing and valuing the brics. So when they tell themselves we will buy up all he debt of the American economy to themselves and they agree what initially happens is not only have they monopolized the currency they now successfully bought the entire country for literally nothing

  3. #83
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    Re: What do you think the future of the USA will be like ?

    IDFK

    Seriously, all of these are at least possible, yet even the worst of them will be followed by a rebuilding process, ending with something that may or may not be the united states.....in which case we may have the opposite occur, if only due to the low bar then applicable.

    Basically I object to the word "end", which most of those options imply.
    Education.

    Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller

  4. #84
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    Re: What do you think the future of the USA will be like ?

    Quote Originally Posted by imagep View Post
    Why would we ever have a need to pay it off? It's not like our government is going to retire when it reaches a certain age.



    It doesn't particularly matter, especially now when we don't actually have to physically carry in our dollars bills when we go to the store.

    We could have a 100 to one dollar split (like a stock split) today, and it wouldn't make any difference. Suddenly our paychecks would be 100 times larger, and our bank accounts would be 100 times larger, and everything at Walmart would cost 100 times more.
    I think that is rather a simplistic view. It also assumes that the people and other countries will continue to have faith in the fiscal policies and monetary solvency of this country. There is nothing backing up the dollar except the government these days. Not like it was when I was young, when we were on the gold standard.

    Good old Uncle Sam says the dollar is good and as long as everyone believes that it is. But all it takes is a country or two to hedge their bets and the spiral begins.
    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.

  5. #85
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    Re: What do you think the future of the USA will be like ?

    Quote Originally Posted by polgara View Post
    We paid over $220 billion in interest on the debt in 2012. I can't find later numbers, but it has been predicted that we will be paying nearly $ one trillion in interest by 2020, and that's with the Feds keeping rates very low for a long time. I don't believe we actually borrow money from China, per se, but they buy our Treasury offerings at auction, and we have to pay them yearly interest. I believe that I read recently that they own over $1.15 trillion in bonds, with Japan owning nearly $1.13. trillion. Together they own about 47% of foreign debt that we pay them interest on. What's going to happen to people in the US who don't have much now and have to depend on the government to survive?

    I went to my first Christmas party this afternoon, and the latest budget proposal was the main topic of conversation. It was nice to be among well-dressed intelligent business people, and just listening to their opinions, but it was scary, too. "We owe too much, yet the spending continues, so WTH is the matter with DC " seemed to be the consensus. I almost feel sorry, for their sakes, that the Repubs are taking over in a few weeks, but maybe some things can be handled, like bringing up the bills from the House for a vote that Reid has shoved in his desk over the past few years. What a messy bottleneck he created by not doing his job by putting Party over the people they are supposed to represent!
    Here you go Pol, interest on the debt since 2000:

    2014 $430,812,121,372.05
    2013 $415,688,781,248.40
    2012 $359,796,008,919.49
    2011 $454,393,280,417.03
    2010 $413,954,825,362.17
    2009 $383,071,060,815.42
    2008 $451,154,049,950.63
    2007 $429,977,998,108.20
    2006 $405,872,109,315.83
    2005 $352,350,252,507.90
    2004 $321,566,323,971.29
    2003 $318,148,529,151.51
    2002 $332,536,958,599.42
    2001 $359,507,635,242.41
    2000 $361,997,734,302.30

    We are now approaching a half trillion dollars in interest alone that must be paid. This bill is at interest rates of 1-2 percent. Now if interest rates reach their normal of 6% triple or quadruple the amount shown. Yet, so many people just toss this fact off into the wind.
    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.

  6. #86
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    Re: What do you think the future of the USA will be like ?

    What a joke listening to people blame Reid for not bringing up the garbage from the House.
    As if that TEArabble could put together a jobs bill that would do any good.

    You guys still haven't accepted the message that the recession and ensuing 10.4% unemployment decreased revenue for the government, causing the deficits.
    And this crimenibus just passed by the House is deficits on steroids, giving TARP back to Wall Street ensuring another 2008.

    Let's see how many of these great bills get brought up by McConnell, whose only mission is to keep the Senate in the 2016 election.

    Republican Leaders Boehner and McConnell have the toughest jobs in DC, dealing with their caucuses and depending on Reid, Pelosi and Obama.
    Since DEMs are supposed to be above obstruction compared to the GOP as I hear on DP, I'll wish Boehner/McConnell the best for America .
    Physics is Phun

  7. #87
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    Re: What do you think the future of the USA will be like ?

    Quote Originally Posted by Libertie76 View Post
    ...
    That's all it really is, now think of this. The people who own the federal reserve are the people who are the same people printing and valuing the brics. ...
    Sure, the American Public.
    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.

  8. #88
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    Re: What do you think the future of the USA will be like ?

    Quote Originally Posted by Perotista View Post
    ...There is nothing backing up the dollar except the government these days. ...
    The dollar is backed by everything that can be purchased with it.

    The dollar was never truly backed by gold, not at any time in the existence of this country. And when we were young, and on the "gold standard", US citizens weren't even allowed to exchange the dollar for gold. It was illegal for citizens to own gold bullion. If you can't exchange your dollars for what backs it, then it's not really backed by that product.

    I can however use my dollars at Walmart, or at McDonalds, or at the car dealer. So my dollars are backed by all the goods and services which can be purchased then them, as they always have been.
    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.

  9. #89
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    Re: What do you think the future of the USA will be like ?

    Quote Originally Posted by Medusa View Post
    thanks for voting


    I believe that the USA will evolve into a more tolerant, inclusive society and that the GOP will shrink to a small, regional party when massive demographic change hits it like a tidal wave. I'm 71-years old and I expect to live long enough to see this happen.

    It's not right around the corner, but it's going to happen.

    No one can stop time and/or change.

    The clock is ticking.

  10. #90
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    Re: What do you think the future of the USA will be like ?

    Quote Originally Posted by Perotista View Post
    Here you go Pol, interest on the debt since 2000:

    2014 $430,812,121,372.05
    2013 $415,688,781,248.40
    2012 $359,796,008,919.49
    2011 $454,393,280,417.03
    2010 $413,954,825,362.17
    2009 $383,071,060,815.42
    2008 $451,154,049,950.63
    2007 $429,977,998,108.20
    2006 $405,872,109,315.83
    2005 $352,350,252,507.90
    2004 $321,566,323,971.29
    2003 $318,148,529,151.51
    2002 $332,536,958,599.42
    2001 $359,507,635,242.41
    2000 $361,997,734,302.30

    We are now approaching a half trillion dollars in interest alone that must be paid. This bill is at interest rates of 1-2 percent. Now if interest rates reach their normal of 6% triple or quadruple the amount shown. Yet, so many people just toss this fact off into the wind.
    There has been interest due every year of the existence of this country except for one. It's a system that has worked out fairly well for the past 238 years, I'm fairly confident that it will continue to work out for at least another 238 years.
    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.

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