USA's Fiscal Cliff - A couple of lessons

[YellowDog]

[madandy]

Excellent!
Oh but we can't cut the defense budget else those Arabs and Asians get too cheeky!

[Grizzo]

Meh, it's ok, they will just print more money
Soon those poor fuckers will be taking a barrow load of money to the supermarket just to buy a loaf of bread.

[Paul in NZ]

Excellent!
Oh but we can't cut the defense budget else those Arabs and Asians get too cheeky!

Hey they can't cut back on 'defense' - it the only growth industry they have...

[Edbear]

Meh, it's ok, they will just print more money
Soon those poor fuckers will be taking a barrow load of money to the supermarket just to buy a loaf of bread.

Like they did back then in Argentina..?

[James Deuce]

Like they did back then in Argentina..?

I think the Weimar Republic is a better comparison.

[Paul in NZ]

I think the Weimar Republic is a better comparison.

And that ended just so well for everyone....

I'm buggered if I know what the heck they are going to do about it but there has to be a BIG reset coming.

[YellowDog]

And that ended just so well for everyone....

I'm buggered if I know what the heck they are going to do about it but there has to be a BIG reset coming.

It's called managing debt. Western Economies are very good at it and if it wasn't for the EEC allowing third world states to join the game, there'd all be fine

[ducatilover]

Meh, just invent some moar magic moneys and we're away again.

[James Deuce]

It's called managing debt. Western Economies are very good at it and if it wasn't for the EEC allowing third world states to join the game, there'd all be fine

No they're not. They cyclically boom and bust and dump the results of poor debt management on their consumer base. The issue is too big this time to do that and those third world countries are made up of people. I'm uncomfortable with a person's standard of living being precisely tied to a particular Government's relative position in the debtocracy.

[Akzle]

...there has to be a BIG reset coming.

fingers crossed for zombies!

[Paul in NZ]

fingers crossed for zombies!

Crossing your fingers wont stop zombies....

[YellowDog]

No they're not. They cyclically boom and bust and dump the results of poor debt management on their consumer base. The issue is too big this time to do that and those third world countries are made up of people. I'm uncomfortable with a person's standard of living being precisely tied to a particular Government's relative position in the debtocracy.

The USA will be fine, as it is happy for people to die in order to get itself back on track OR manage the debt.

Europe is not the same, so I would say that it is screwed

[Road kill]

The USA will be fine, as it is happy for people to die in order to get itself back on track OR manage the debt.

Europe is not the same, so I would say that it is screwed

Good fing NZ is doing it's best to be a little US OF A then.

Feel betterer already I do.

[madandy]

Speaking of consumerism, I'm really surprised how busy we've been moving freight this week.
Usually my little buisiness is vety quiet after our 2 weeks off over Christmas New Year but this week as seen us struggle to clear the backlog from last week and move everything this week had to offer!

Its good for my cashflow and I'm not complaining but boy people are still spending...and as long as the do debt will grow