[MrBill]

Sovereign nations cannot claim bankruptcy. They can only default on their debt. As the debt is in US dollars there is no reason to default. They will simply take out a notice in the local newspaper that creditors should form a line in front of the Fed to be repaid in (next to) worthless paper. Kind of like a parade, but less fanfare. No refreshments will be served. Pax Americana ends.

[Byron100]

$this->bbcode_second_pass_quote('MrBill', 'S')overeign nations cannot claim bankruptcy. They can only default on their debt. As the debt is in US dollars there is no reason to default. They will simply take out a notice in the local newspaper that creditors should form a line in front of the Fed to be repaid in (next to) worthless paper. Kind of like a parade, but less fanfare. No refreshments will be served. Pax Americana ends.

[MrBill]

$this->bbcode_second_pass_quote('Byron100', '')$this->bbcode_second_pass_quote('MrBill', 'S')overeign nations cannot claim bankruptcy. They can only default on their debt. As the debt is in US dollars there is no reason to default. They will simply take out a notice in the local newspaper that creditors should form a line in front of the Fed to be repaid in (next to) worthless paper. Kind of like a parade, but less fanfare. No refreshments will be served. Pax Americana ends.

[MrBean]

$this->bbcode_second_pass_quote('MrBill', '
')Peak Oil + American Default = A Poorer World

Wipe $10-11 trillion in accrued savings off, plus deleveraging, plus write-off at $14 trillion economy, and there will be a lot less wealth. Post peak oil resource depletion should ensure that the world economy only recovers at a much lower level of economic activity. A few winners. Many more losers. Lower living standards for almost all. Be careful what you wish for.

[ReverseEngineer]

$this->bbcode_second_pass_quote('MrBean', '
')
Materialistic consumerism is poor attempt to fill the void left empty by other ("higher") unsatisfied needs. Need for a beneficial place in a community, need for love, to love and be loved, need for self-expression, need for spiritual peace. All the polls show that "poor" Nigerians are more happy than "rich" Americans. Be carefull to wish for the right things.

[spot5050]

$this->bbcode_second_pass_quote('virgincrude', 'W')e all know the US is a technically bankrupt nation.

[Snowrunner]

$this->bbcode_second_pass_quote('spot5050', '')$this->bbcode_second_pass_quote('virgincrude', 'W')e all know the US is a technically bankrupt nation.

[bodigami]

...

[bodigami]

...

[timmac]

Anagami,, Why all the stupid ass clown postings that you keep doing that no one is reading,, Really No One..

[MrBill]

$this->bbcode_second_pass_quote('MrBean', '')$this->bbcode_second_pass_quote('MrBill', '
')Peak Oil + American Default = A Poorer World

Wipe $10-11 trillion in accrued savings off, plus deleveraging, plus write-off at $14 trillion economy, and there will be a lot less wealth. Post peak oil resource depletion should ensure that the world economy only recovers at a much lower level of economic activity. A few winners. Many more losers. Lower living standards for almost all. Be careful what you wish for.

[MrBean]

$this->bbcode_second_pass_quote('MrBill', '')$this->bbcode_second_pass_quote('MrBean', '')$this->bbcode_second_pass_quote('MrBill', '
')Peak Oil + American Default = A Poorer World

Wipe $10-11 trillion in accrued savings off, plus deleveraging, plus write-off at $14 trillion economy, and there will be a lot less wealth. Post peak oil resource depletion should ensure that the world economy only recovers at a much lower level of economic activity. A few winners. Many more losers. Lower living standards for almost all. Be careful what you wish for.

[MrBill]

I just love how all the socialists around here run around claiming they are not socialists. They just want to confiscate private property and the means of production. Tax wealth out of existance. And run a command and control economy that does not rely on the market to either price goods and services or allocate production.

If you want to live in a small, self-reliant community then do it. Under a social-democratic market economy you have near complete freedom to do whatever you want with your time and labor. Including giving your wealth away to your neighbors and working for free because it gives you a warm fuzzy feeling. Become a Mennonite if you want. But the reality is you're just a hypocrit. You talk about higher values, but you do not practice them. A blood sucking parasite that runs around complaining that someone is exploiting you.

[MrBean]

$this->bbcode_second_pass_quote('MrBill', 'I') just love how all the socialists around here run around claiming they are not socialists.

[MrBill]

I agree that personal attacks are counterproductive to the issues at hand. However, I have borne my fair share of personal attacks, so sometimes it is human to want to give it back. Other than that I see no other common ground on which we can agree about anything.

[pogoliamo]

$this->bbcode_second_pass_quote('MrBean', 'M')aterialistic consumerism is poor attempt to fill the void left empty by other ("higher") unsatisfied needs. Need for a beneficial place in a community, need for love, to love and be loved, need for self-expression, need for spiritual peace. All the polls show that "poor" Nigerians are more happy than "rich" Americans. Be carefull to wish for the right things.

[vtsnowedin]

$this->bbcode_second_pass_quote('MrBill', '[') There is not an original thought amoung the lot of you.

[MrBean]

$this->bbcode_second_pass_quote('pogoliamo', '
')The utterest of all illusions is that some new kind of social order may turn a unhappy individual (stupid loser) into a loving, wonderful being with a high purpose in his life.

[galacticsurfer]

Considering this in karmic perspective...

In a collapse, war or similar individual hard work or righteousness or whatever might count for little. Larger picture takes over, what one might call collective fate. Like in the boat sinking or the nuked Hiroshima or the Holocaust. Personal blame or whatever can hardly be affixed. Something bigger is at work here. So we have personal karma which says everything you ever did will be accounted for exactly and collective karma is the bigger picture, maybe everyone gets killed and then your profit and hard work or your kindness to the neighbour or your heavy debts or crimes or whatever are all forgotten. Slate is wiped clean. if you are in the wrong place at the wrong time then you pay part of the price of the collective Karma of that population, say massive die-off due to massive overshoot in the population or in energy use. So we should not take fate personally but rather have a bitter sense of humour. Justice can be collective and God works at different levels. "how did I deserve this?" will be the wrong question. One will have to ask if the whole game is wrong humanity is playing at and as we are part of that human game then we owe part of the karmic debt with our lives perhaps.

[MrBean]

$this->bbcode_second_pass_quote('galacticsurfer', 'C')onsidering this in karmic perspective...

In a collapse, war or similar individual hard work or righteousness or whatever might count for little. Larger picture takes over, what one might call collective fate. Like in the boat sinking or the nuked Hiroshima or the Holocaust. Personal blame or whatever can hardly be affixed. Something bigger is at work here. So we have personal karma which says everything you ever did will be accounted for exactly and collective karma is the bigger picture, maybe everyone gets killed and then your profit and hard work or your kindness to the neighbour or your heavy debts or crimes or whatever are all forgotten. Slate is wiped clean. if you are in the wrong place at the wrong time then you pay part of the price of the collective Karma of that population, say massive die-off due to massive overshoot in the population or in energy use. So we should not take fate personally but rather have a bitter sense of humour. Justice can be collective and God works at different levels. "how did I deserve this?" will be the wrong question. One will have to ask if the whole game is wrong humanity is playing at and as we are part of that human game then we owe part of the karmic debt with our lives perhaps.