Bankruptcy of U.S. is ‘Mathematical Certainty,’ Says Professor & Former CEO of Nation

Discussion in 'Economy' started by Bones, Jan 19, 2011.

  1. Bones
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    Bones VIP Member

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    Bankruptcy of U.S. is ?Mathematical Certainty,? Says Former CEO of Nation's 10th Largest Bank | CNSnews.com

    Time to Ragnarok n' roll, baby. :cool:
     
  2. R.C. Christian
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    R.C. Christian Gold Member

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    Ragnarock? That sounds familiar. What is that from?

    We're already bankrupt so I guess the prof means our ability to pay back our debt is unsustainable. Well no kidding.
     
  3. drube
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    drube BANNED

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    These guys are economic terrorists.Bankers. The gov needs to cease the banks and cut the debt to zero by book keeping entry and start all over.
     
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    Last edited: Jan 19, 2011
  4. Quantum Windbag
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    Quantum Windbag Gold Member

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    Not only is your grammar atrocious, so is your logic.
     
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  5. william the wie
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    william the wie Gold Member

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    Most nations are belly up from housing bubbles and the ones that aren't are headed that way. China, Australia and Canada will probably blow up this year. In the last 7 years China has had zero non-construction GDP growth. And the construction sector was 33% of GDP in 2003 more than double what was seen in the US during the 2004-6 boom now at 60% of GDP it is four times as big. When that baby pops it will make the meltdown look like a tea party.
     
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  6. KissMy
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    KissMy Free Breast Exam

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    New York Times - Plans being drawn up to let states declare bankruptcy
    So much for the "Great Society"
     
  7. Care4all
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    Care4all Warrior Princess Supporting Member

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    gotta cut spending big time and raise taxes to pay for the last decade of debt accrued....
     
  8. uscitizen
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    uscitizen Senior Member

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    Yep Care, but the republican led congress only wants to do half of that.

    And that is part of what got us into that issue. Cut taxes and increase spending.
     
  9. Care4all
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    Care4all Warrior Princess Supporting Member

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    yep and this will bankrupt us....

    first with crappy credit rating when we show no effort to raise taxes to pay for our accrued debt incurred, then with higher interest rates cuz of the crappy rating, then the bankruptcy....
     
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  10. KissMy
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    KissMy Free Breast Exam

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    Greedy Bankers will love those higher interest rates though. Big Debts + High Interest Rates = Big Win for Big Bankers & Big Taxes for the rest of US Slaves.
     
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