Let's be objective about "shit-hole" countries, shall we? No nation on this planet has more phucking debt than the USA; it makes the USA ... the most disgraceful, shit-hole country on the planet throughout mankind's known history.
Let's be objective about "shit-hole" countries, shall we? No nation on this planet has more phucking debt than the USA; it makes the USA ... the most disgraceful, shit-hole country on the planet throughout mankind's known history.
This merely demonstrates how dumb you are.
We have made ourselves the indispensable country that is Too Big To Fail. At least, during the present balance of power within the international community and competing economies. We maintain trade routes and safe sea lanes. We make world commerce possible. We are its biggest markets. We have keystone economic and diplomatic relations with every major country. And we have few rivals of any significance. We are the world's only real military superpower. We are the biggest energy producers in the world. The list is quite long.
In short, we are the Indispensable Country on planet Earth. I never like the claims of American exceptionalism as such talk always smacks a bit of the old manifest destiny doctrine.
We are pretty determined and pretty well-positioned to maintain our position as the Indispensable Country. And we're better at it than the British Empire ever was. They made a lot of mistakes.
We are, as we have always been, eager to diminish debt through inflation, primarily to benefit businesses large and small but also generally to the benefit of homeowners and those with considerable consumer debt.
So, don't worry quite so much about American debt.
America's run as the dominant world empire will continue for decades, perhaps even a century more. In the end, it is more likely that we will simply tire of empire rather than any other country taking the central role from us. I could imagine America retreating somewhat from the world around 2040-2050 and China becoming a dominant world empire to take up the slack. I don't really see Russia having the capacity to overcome its internal problems, let alone become a true global power again.
Anyway, I enjoyed PJW's little rant. He was having some fun dishing it out, especially on the Xlinton's robbery of Haiti. They really do hate the Xlintons down there.
Don't toot your all-mighty dollar to me, that makes America GREAT. It is collapsing world-wide.
In your dreams.
Always remember: we don't have to be all that good. We just have to be better than any likely coalition of our rivals. By that measure, America is very strong.
It's a bubble more ridiculous and irrational than the dot-com bubble of the late Nineties. It cannot end well.
Agree. Told the same to the fellas at work. They were all in a giddy lather before the new year and I told them if they remembered the dot com bubble and also the real estate bubble.
One guy still has a bunch of homes he bought and can't get rid of them. He is basically a mid level slum lord now.
Agree. Told the same to the fellas at work. They were all in a giddy lather before the new year and I told them if they remembered the dot com bubble and also the real estate bubble.
I saw a quote of Warren Buffet saying he can all but guarantee that none of the cryptocurrencies will be around in 5 years.
Conventional but the odds are with him.
People can bitch about traditional currency all they like but those dollar bills in your wallet don't require monthly software updates, internet access, easily-stolen online "wallets", etc.
