Will the USA default?

[oldrider]

The true wealth of a country or community is it's ability to produce and consume goods and services.

The balance between the cost of production (compared to the purchase power derived from that production) and consumption is where new money is created.

Gross Production = %100 in $ and Gross income derived = %75 in $ .... %25 in $ has to be created so that production can be consumed.

If that %25 is created as an interest bearing debt then the % difference will gradually increase until consumption stops and we have a recession .... bust!

Bust is usually followed by "WAR"! (no problem financing a war and reshuffling the money pack)

The war creates shortage which is followed by a boom period which gradually deteriorates back to a recession followed by a bust!

This cycle just keeps on repeating it's self, war, boom, bust, war boom etc etc!

The banks are the only ones that continually profit from it, so it it seems.

Always look to see who benefits and the controllers of world finance are always there!

Try getting food to the starving so that they can live!

Try getting arms and ammunition to them so that they can kill one another!

The only purpose of producing goods and services is consumption!

Nobody consumes arms and munitions voluntarily so someone has to arrange their consumption and who better to consume than the ill-informed and unwary!

The same people that control world finance control those arrangements too .... we the people should be so lucky!

[Brian d marge]

The true wealth of a country or community is it's ability to produce and consume goods and services.

The balance between the cost of production (compared to the purchase power derived from that production) and consumption is where new money is created.

Gross Production = %100 in $ and Gross income derived = %75 in $ .... %25 in $ has to be created so that production can be consumed.

If that %25 is created as an interest bearing debt then the % difference will gradually increase until consumption stops and we have a recession .... bust!

Bust is usually followed by "WAR"! (no problem financing a war and reshuffling the money pack)

The war creates shortage which is followed by a boom period which gradually deteriorates back to a recession followed by a bust!

This cycle just keeps on repeating it's self, war, boom, bust, war boom etc etc!

The banks are the only ones that continually profit from it, so it it seems.

Always look to see who benefits and the controllers of world finance are always there!

Try getting food to the starving so that they can live!

Try getting arms and ammunition to them so that they can kill one another!

The only purpose of producing goods and services is consumption!

Nobody consumes arms and munitions voluntarily so someone has to arrange their consumption and who better to consume than the ill-informed and unwary!

The same people that control world finance control those arraingements too .... we the people should be so lucky!

i m sorta going to disagree, not with what you wrote but with the basic premis that a countries weather is measured by the ability to produce and consume in the traditional sense to a idea that an individual is wealthy if he has a quality of life. therefore a countries measure of wealth is measured by the quality of life for the lowest members of that society
and in this respect western society fail miserably ......
greed is what's causing the problem and as son as we shift away from a growth greed model in to a sustainable egalitarian one ....London a town near you is all you have to look forward to
again I think we can have both, markets for luxury items, sustainability for basic needs
All we need is a strong minded pollution, ( thanks spell check that was the perfect word)...politician

Stephen

[mashman]

All we need is a strong minded pollution, ( thanks spell check that was the perfect word)...politician

That's what we currently have isn't it? a whole bunch of them... all "voting" () on each others proposals on their merits , and then choosing the ones that best fits with what they think the people of their country deserve. Ploppyticians (bloody spellchecker ) are too busy having a career to address anything of any real consequence, strong minded or not. Voting on issues they may well not agree with, but, because they owe the other guy a vote... and then calling it expediency... blackmail more like. Don't they realise that the votes they're trading has a direct affect on the lives of 4.something million people...

What we need is a group of non-political folk for a change imho, no PM, just a group of guys and gals that sort things out, making decisions that are positive for everyone (or as bloody close to). It ain't that hard to make a decision... seems like our ploppyticians can't make decisions without seeking advice.

They annoy me somewhat ... oooooo where's ma pitchfork and torch

[SPman]

Obama was powerless to force the changes he felt were necesary in the face of Republican opposition .....

No he wasn't! He displayed his typical lack of moral authority and caved, like the ineffectual little war monger he is, whilst spouting ever increasing meaningless rhetoric to justify his position!

Obama could have invoked the 14th Amendment, saying that the government is always going to pay the debts, that can’t be questioned. He could have issued a $1 trillion platinum coin, worth maybe $50, to the Federal Reserve and retired the government debt. There were all sorts of technicalities that he could have done. He didn’t propose to do any of them.

[Vacquer0]

No he wasn't! He displayed his typical lack of moral authority and caved, like the ineffectual little war monger he is, whilst spouting ever increasing meaningless rhetoric to justify his position!

I agree. You are much more polite than I am, though.

[Edbear]

Has anyone considered that those in the government over there are directly involved and if any of your suggestions were the best option, why couldn't everyone of them agree?

Or is it that none of us are there, none of us are involved, and none of us have any idea of the issues save what we read or hear in the media?

We are all armchair critics, armed with an almost complete lack of real knowlege or understanding of the situation thousands of miles and trillions of dollars removed from our own lives...

We are simple folk, in a simple country with fewer people in total than most other cities in the world, let alone countries... Far, far removed from the reality of life elsewhere.

[imdying]

We are all armchair critics, armed with an almost complete lack of real knowlege or understanding of the situation thousands of miles and trillions of dollars removed from our own lives...

We are simple folk, in a simple country with fewer people in total than most other cities in the world, let alone countries... Far, far removed from the reality of life elsewhere.

What a load of shite. The population of NZ is 4.4 million people, there are only 42, out of 37,000, cities in the world with a greater population than that. Most... pffft, hardly.

If you don't like the fact that people discuss things they don't have in depth knowledge of, then you'd be best fucking off somewhere else.

[oldrider]

i m sorta going to disagree, not with what you wrote but with the basic premis that a countries weather is measured by the ability to produce and consume in the traditional sense to a idea that an individual is wealthy if he has a quality of life. therefore a countries measure of wealth is measured by the quality of life for the lowest members of that society
and in this respect western society fail miserably ......
greed is what's causing the problem and as son as we shift away from a growth greed model in to a sustainable egalitarian one ....London a town near you is all you have to look forward to
again I think we can have both, markets for luxury items, sustainability for basic needs
All we need is a strong minded pollution, ( thanks spell check that was the perfect word)...politician

Stephen

True, we go through all the positive and negative phases at different stages of the cycle that I suggested occurs so the sweet spots that you say you desire are definitely achievable!

All we have to do is get rid of the cycle and take away the power from those that benefit by controlling it!

Maybe I am just caught up in the "someone to blame syndrome"!

If we can't have Utopia I don't see why we should stop aiming for it though!

Why do politicians think it's OK for the electorate to suffer a % of unemployment while they increase their own numbers to oversee it?

[Ocean1]

a countries measure of wealth is measured by the quality of life for the lowest members of that society

No, that's the measure of a particular individual's wealth.

Anyone interested in a meaningful evaluation of the wealth of a group might more sensibly use that group's mean std of living.

[Edbear]

What a load of shite. The population of NZ is 4.4 million people, there are only 42, out of 37,000, cities in the world with a greater population than that. Most... pffft, hardly.

If you don't like the fact that people discuss things they don't have in depth knowledge of, then you'd be best fucking off somewhere else.

Put your knickers back on... Splitting hairs when my point is obvious.

It amuses me how people see the answer as really obvious and simple and roundly condemn and criticise those making the decisions, those actually involved and who know all the facts. As I said, armchair critics... Conspiracy theories are also highly amusing.

To discuss a matter you have little knowledge about should involve doing some research for yourself to ascertain just what the facts are and the full story is, surely?

[Indiana_Jones]

-Indy

[SPman]

Yes Indy - if only it were that simple.

Like it or not, what happens in the USA affects US!

It pays to have some idea of what's actually happening over there....

[mashman]

It amuses me how people see the answer as really obvious and simple and roundly condemn and criticise those making the decisions, those actually involved and who know all the facts. As I said, armchair critics... Conspiracy theories are also highly amusing.

To discuss a matter you have little knowledge about should involve doing some research for yourself to ascertain just what the facts are and the full story is, surely?

There is only one answer... for now anyway .

A full cup isn't always a good thing... ommmmmmmmmm

[oldrider]

Interesting commentary. http://www.americanthinker.com/2011/...ss_nation.html

On the election trail Obama said "Yes we can"! Now well on into his presidency "no we can't"!

Apparently it is someone else's fault! .... We (USA) will always be a triple AAA country! Tui moment here?

[mashman]

Interesting commentary. http://www.americanthinker.com/2011/...ss_nation.html

"Those of us who were bewitched by his eloquence on the campaign trail chose to ignore some disquieting aspects of his biography: that he had accomplished very little before he ran for president, having never run a business or a state; that he had a singularly unremarkable career as a law professor, publishing nothing in 12 years at the University of Chicago...and that...he had voted 'present' (instead of "yea" or "nay") 130 times, sometimes dodging difficult issues."

but but but, he received a Nobel Peace prize for all of his good work waaaaaa ha ha ha haaaaaaaaaaaa...