US Economic Collapse? Please Stop Being A Drama QueenSubmitted by zooamerica on Wed, 10/23/2013 - 21:47
All the doom and gloom is based upon nothing but numbers and statistics being used to make people think America's ship is about to sink.
If you think it, it will come. I'm not going down that road. I don't like being programmed.
I'm not buying what the doom and gloom forecasters are predicting, not because I'm stubborn.
Please look at the actual reality of our situation today in the world. America is the most powerful country on the planet.
The US Dollar is the most resilient currency in the history of the world. It is beyond flexible, it is an infinite currency that holds value no matter how many trillions the FED prints out of thin air. Hate it or not, that's true.
Has any other currency been able to do what the dollar has already done, good or bad?
Objectively speaking, isn't the dollar amazing? $17 trillion in debt, $16 trillion in foreign loans, and over $100 trillion in, "unfunded liabilities," but the dollar still remains strong and hard to come by.
How is that possible? It's not easy to earn a buck these days, but one would think the world should be swimming in dollars to the point of saturation by now - not even close.
The Federal Reserve could give the entire continent of Africa $100 trillion tomorrow, and the US currency would still be hard to come by, people would still think a stack of $100 bills is valuable no matter how many trillions of dollars the FED creates around the world.
"Money," should be flexible, and the USD is the most flexible currency on earth. Can any other currency challenge it? No.
There's too much money and too much power to be lost if the US economy collapses. There's no incentive to collapse the system.
Why collapse their own program? That would be like Vegas slitting their own throats.
The only way the US economy collapses is if the Federal Reserve's best selling product called the US dollar goes out of business. But apparently the rest of the world still has a huge appetite for US dollars.
How can a government that was about $16 trillion in the hole back in 2008, "bailout," the rest of the world with $16 trillion in loans at the same time?
Was that the goal?
Are we even now?
The findings verify that over $16 trillion was allocated to corporations and banks internationally, purportedly for “financial assistance” during and after the 2008 fiscal crisis.
---------- Full article linked above.
$16 (now $17) trillion in debt, but somehow the Fed was able to bailout the rest of the world with $16 trillion in loans. Anyone else find those numbers interesting?
Even if they're not paying interest, foreign governments, corporations, and banks are still paying off the dollar all over the globe over five years after we burst our own bubble.
How ironic. The United States creates a huge housing bubble, it pops and then the rest of the world buys our debt instruments called dollars.
I hate to be so economically simplistic, but if one who is $100 in debt bails out 10 of his friends for $10 each, that person is no longer in debt.