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Old 04-08-2012, 13:54   #1
JBnTX
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5 Things That Will Happen To You When America Goes Bankrupt

That's if the gloom and doomers are correct?



5 Things That Will Happen To You When America Goes Bankrupt
http://townhall.com/columnists/johnh...upt/page/full/

1) Your life savings could be reduced to nothing almost overnight.

2) Your taxes will skyrocket.

3) Your life could be in danger.

4) Your payments from the government will dramatically decrease or stop altogether.

5) You will have a dramatically reduced standard of living.
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Old 04-08-2012, 14:47   #2
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Sounds like fun.
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Old 04-08-2012, 14:49   #3
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Quote:
Originally Posted by JBnTX View Post
That's if the gloom and doomers are correct?



5 Things That Will Happen To You When America Goes Bankrupt
http://townhall.com/columnists/johnh...upt/page/full/

1) Your life savings could be reduced to nothing almost overnight.

2) Your taxes will skyrocket.

3) Your life could be in danger.

4) Your payments from the government will dramatically decrease or stop altogether.

5) You will have a dramatically reduced standard of living.
Darwin would rule.

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Old 04-08-2012, 16:30   #4
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Just tell me that there will be no more cell phone service!
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Old 04-08-2012, 16:36   #5
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If it don't work, we are going to have to fix it sooner or later.
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Old 04-08-2012, 17:56   #6
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no more GT............
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Old 04-08-2012, 18:02   #7
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I'm still young enough that I don't have alot to lose in the way of life savings and I don't receive any kind of payments from the government. I have a pretty secure field of work and have plenty of guns and ammo.
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Old 04-08-2012, 18:07   #8
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I get no money from the government.
I have little in savings as I am trying to pay everything off, down to house and student loan only.
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Old 04-08-2012, 18:28   #9
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Quote:
Originally Posted by JBnTX View Post
That's if the gloom and doomers are correct?



5 Things That Will Happen To You When America Goes Bankrupt
http://townhall.com/columnists/johnh...upt/page/full/

1) Your life savings could be reduced to nothing almost overnight.

2) Your taxes will skyrocket.

3) Your life could be in danger.

4) Your payments from the government will dramatically decrease or stop altogether.

5) You will have a dramatically reduced standard of living.
This will all happen if Obama gets re-elected and gets more "Space".
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Old 04-08-2012, 18:29   #10
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I'm still young enough that I don't have alot to lose in the way of life savings and I don't receive any kind of payments from the government. I have a pretty secure field of work and have plenty of guns and ammo.
Unless you work for the Government with Ten years seniority you might rethink your job security and buy more ammo.
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Old 04-08-2012, 18:32   #11
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I just hope I have enough ammo.
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Old 04-08-2012, 18:56   #12
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It's already bankrupt
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Old 04-08-2012, 19:15   #13
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#6. The typical American voter will demand that their government save them. Their government will agree to, however, it will insist that the constitution be suspended so that it can "fairly" implement the harsh measures necessary to save them. The people will agree and the totalitarian America will finally achieve it's full measure of success.

And American Idol will return for a 12th season. The people will be pleased.
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Old 04-08-2012, 19:19   #14
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Old 04-08-2012, 19:27   #15
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Quote:
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Unless you work for the Government with Ten years seniority you might rethink your job security and buy more ammo.
Nope don't work for the government, I'm a healthcare provider. Although I do agree you can never have enough guns and ammo.
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Old 04-08-2012, 19:36   #16
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IF and thats a big IF this happens, what are yalls thoughts on when it might happen


how soon?
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Old 04-08-2012, 20:19   #17
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Guys, the U.S. government cannot go bankrupt. It can default, but it won't. Both of these are prevented by the power of the printing press.

The U.S. government today can't pay its obligations without printing money. What you are hypothesizing about has already occurred.
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Old 04-09-2012, 02:08   #18
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Who knows what could or will happen probably very little other than the government tightening the strangle hold on your finances and freedoms. We are already sliding down hill and very few people seem to notice and even fewer seem to care. Or maybe a Rhodesia economical melt down and sky high inflation (without blacks taking over or the killing of the white farmers) but I doubt that it will be ether as fast or as defined as that.
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Old 04-09-2012, 02:22   #19
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Quote:
Originally Posted by Big Mad Dawg View Post
Who knows what could or will happen probably very little other than the government tightening the strangle hold on your finances and freedoms. We are already sliding down hill and very few people seem to notice and even fewer seem to care. Or maybe a Rhodesia economical melt down and sky high inflation (without blacks taking over or the killing of the white farmers) but I doubt that it will be ether as fast or as defined as that.
They are working on it apparently... and apparently today...

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Old 04-09-2012, 06:11   #20
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That's if the gloom and doomers are correct?



5 Things That Will Happen To You When America Goes Bankrupt
http://townhall.com/columnists/johnh...upt/page/full/
The link in the link about German Weimar Republic inflation in 1923 was most interesting.

http://www.pbs.org/wgbh/commandinghe...inflation.html

The large corporations were unscathed.

Years of strong inflation preceded hyperinflation.

Young people spent and were not affected.

Pensions and savings of a lifetime were wiped out never to recover.

Leading economists before the hyperinflation declared “no need to worry, the money is sound”

People invested in gold and “safe land” outside the cities.

Hyperinflation lasted only a short time and then they reset the currency.
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