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Author Topic: Best way to make America bankrupt?  (Read 20042 times)
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January 03, 2019, 06:21:20 PM
 #21

For a long time, lending to the economy has had a positive effect on the economic growth of countries. So it was in the 90s and 2000s. Lending to the economy is a really good incentive for economic growth, but you need to be very careful with it. Since human greed has no boundaries, many companies, governments and countries have taken loans without really thinking about how they will have to repay debts. The main problem is that everyone thinks that the growth of the economy will continue all the time. No one thinks that something can go beyond the script. For 20 years, almost all countries of the world have been so indebted that they will soon not be able to repay these debts. And many of the countries have already faced up with this problem.

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January 03, 2019, 07:17:55 PM
Merited by mjglqw (1)
 #22

I see so much ideology in this replies here  Shocked Especially one about working hard and you will be rich - its quite funny if you would tell this to some poor uneducated person in 3th world country. Actually same goes for United States - it is a country where American dream and social mobility doesn't work anymore so well ( look up book: Price of inequality by Stiglitz
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January 03, 2019, 07:40:10 PM
 #23

You'll be waiting a long time - the US has the most dynamic economy in the World and the greatest people so realistically it aint ever going to happen.
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January 03, 2019, 07:53:23 PM
 #24

For a long time, lending to the economy has had a positive effect on the economic growth of countries. So it was in the 90s and 2000s. Lending to the economy is a really good incentive for economic growth, but you need to be very careful with it. Since human greed has no boundaries, many companies, governments and countries have taken loans without really thinking about how they will have to repay debts. The main problem is that everyone thinks that the growth of the economy will continue all the time. No one thinks that something can go beyond the script. For 20 years, almost all countries of the world have been so indebted that they will soon not be able to repay these debts. And many of the countries have already faced up with this problem.

I think the whole banking system is based on that. If there is no war, everything will be as it was
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January 03, 2019, 07:55:43 PM
 #25

America is already bankrupt. They are trillions of dollars in debt and have no hope in hell of paying it back. Their only hope is to buy up loads of bitcoin and wait for them them to be worth a few million each. This will at least reduce it to a more manageable size

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January 03, 2019, 08:02:52 PM
 #26

I don't think what comes up in your mind that you want to bankrupt the country of the USA, this country is fully developed and they are the most powerful country among of all. So, bankrupt I think not in the country but probably people who in their(impossible to happen).

Here's a takeaway for you:  If you're born poor, it's not your fault, it's your parents fault. If you die poor, then it's all your fault.
Yes, you were right, this words thinking out of my self and asking my parents why they are poor. Grin

America is already bankrupt. They are trillions of dollars in debt and have no hope in hell of paying it back. Their only hope is to buy up loads of bitcoin and wait for them them to be worth a few million each. This will at least reduce it to a more manageable size
It is good to know if you have a source on this. I think most whales investors are lives in the country of America.

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January 03, 2019, 09:22:12 PM
 #27

When we are fighting each other for the sake of making that 1% of total money in circulation, I don't see being smart make much difference, being smart may get me to a higher position title, I'm still need to fight for that 1% total money in circulation. Being into business doesn't directly give me the luxury to enjoy the 99% wealth that the richest are enjoying. Basically there is no way to get out from this crap.
I'm sorry. But this "99% is for the rich" argument doesn't make any sense. Most of them are wealthy simply because they deserve it and worked hard for it in the first place.
99% is too much for those people who got rich because of hard work.Why not consider for those who had gained those wealth from their parents?
I understand how OP feels on being poor and being tired of inequality but sometimes we cant really change the fact nor the reality that we are born poor and we need to work hard in order to live.
Don't wish the things that its almost impossible to reach.Just be contented and don't pray for a countries bankruptcy  Grin

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January 03, 2019, 09:30:19 PM
 #28


I am waiting for the country to go bankrupt, but I dunno how long it will take. What do you think is the best way to speed it up?
I believe many expert will use debt as a gauge to measure the apocalypse.
I think everyone taking a loan will contribute to the debt, but it doesn't make the country bankrupt, it's the people who take the loan will go bankrupt first. I don't think it is the best way to do, so what else can we do?

It is very easy! We all know that the American banking system is a virtual bubble based on empty zeros in the banking system. It would be enough, if about 10% -15% (maybe even only 5%) of people asked for the withdraw of deposits and banks become insolvent. Hasta la vista  Wink Grin

 
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January 03, 2019, 10:12:20 PM
 #29


Poor people are getting poorer everyday and the rich people are getting richer, a bankruptcy will reset the inequality, and giving the younger generation like me a change of life. Of course I believe in a lot of conspiracy theories. Smiley

I believe most of the wealth are shared only to very few people at the top, while plebs like me are very poorer compare to them, and they are calling plebs like me sick human being by being so poor, I just can't accept being insulted by the rich people around me.

You cannot generally judge that what happens to someone is because of a certain country or group. Regarding conspiracy theories, this is certainly not supposed to be discussed in this area.

the only way you can do is stop using American-made products and especially at USD. can you and the people in your country do that simultaneously?
look, people around us works and have their own role in our life, and so its happen with bigger frame such as country. They have their own role. Import and Export and become the workers to another country

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January 03, 2019, 10:41:39 PM
 #30


I am waiting for the country to go bankrupt, but I dunno how long it will take. What do you think is the best way to speed it up?
I believe many expert will use debt as a gauge to measure the apocalypse.
I think everyone taking a loan will contribute to the debt, but it doesn't make the country bankrupt, it's the people who take the loan will go bankrupt first. I don't think it is the best way to do, so what else can we do?
I am not sure why you have so hate for the Americans? You might want to give us some reason? By the way, this topic belongs to Politics & Society board I guess.
Poor people are getting poorer everyday and the rich people are getting richer, a bankruptcy will reset the inequality, and giving the younger generation like me a change of life. Of course I believe in a lot of conspiracy theories. Smiley

Why the heck would you want that to happen in the first place? While it's indeed imminent as claimed by a good number of economics experts, a lot people will be screwed over; especially those that aren't prepared. If you wish that to happen for your own personal gain then you're a sick human being.
I believe most of the wealth are shared only to very few people at the top, while plebs like me are very poorer compare to them, and they are calling plebs like me sick human being by being so poor, I just can't accept being insulted by the rich people around me.
Despite the fact that I read all your posts in this thread, I'll reply this one, don't want to quote so much text.
First of all, economic war is the most dangerous war as for now, just deny every import source and your america won't end up well.
I agree you that almost all of the money have some rich guys, that's very bad and everything is a result of our actions, we humans let this to happen from the very beginning. World would be better with only love and piece but we don't live like that. At some point that's good because we try our best to develop and be better than others, we develop nonstop. But also, you still can achieve very valuable things like become famous actor/singer and leave your name in this world. If you want to be another trump, then sorry but you can't. Also not rich people feel well too, most of them are unattractive, a lot of them have serious mental problems like stress and etc, you can't see that in public but you don't know what happens inside, believe me life isn't beautiful for even richest guys.

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January 03, 2019, 11:11:38 PM
 #31

America is already bankrupt. They are trillions of dollars in debt and have no hope in hell of paying it back. Their only hope is to buy up loads of bitcoin and wait for them them to be worth a few million each. This will at least reduce it to a more manageable size
Their debts will increase more and soon we will be facing another world financial crisis. I don’t know why we want America to bankrupt where in fact if this thing happen, many countries will be affect and for sure almost every market is crashing. America is a rich country, for sure they can pay back those debts and become more great again since they can print more dollars everyday. 😊
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January 03, 2019, 11:44:37 PM
 #32

Forget it. America is too stable, and I am very convinced that it will be the last country to go bankrupt on the planet. If America goes bankrupt today, it might spell doom for a lot of countries who depend on them for aids.

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January 04, 2019, 02:19:00 AM
 #33


I am waiting for the country to go bankrupt, but I dunno how long it will take. What do you think is the best way to speed it up?
I believe many expert will use debt as a gauge to measure the apocalypse.
I think everyone taking a loan will contribute to the debt, but it doesn't make the country bankrupt, it's the people who take the loan will go bankrupt first. I don't think it is the best way to do, so what else can we do?

What would anyone like you wanted the downfall of America. Remember that a nation stands not only as a person you know but individual people that had so many stories to tell and many sacrifices as well. I am Asian and never had any connection with the Americans but I don't even want their demise because we are all humans and just the same we all feel the same thing.

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January 04, 2019, 02:30:26 AM
 #34

To bankrupt America, all you have to do is convince everyone to withdraw all their money from the banks at the same time.
Ie. what people just did with the proof of keys event, if people did that to banks... Boom!, the ponzi known as fractional reserve banking would collapse.

Of course that's not going to make your personal situation any better, in fact you would be much worse... And i can imagine the effect on the world economy considering that too many countries follow the mistaken Chicago school of economy (fast growth by debt) and its endless bubble/crash cycles.

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January 04, 2019, 03:23:56 AM
 #35

Forget about making America bankrupt, there's no way for it to go on that way. Don't blame the government and inequality in this world if some were born rich and you aren't.

Start working hard and have your goals in the future that will determine and encourage you to live the way you wanted. Claim it in yourself in hardest but the sweetest way that you can. Hard work really pays off.

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Broly46
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January 04, 2019, 03:44:20 AM
 #36


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When the country goes bankrupt you will see that the rich will stay rich while the poor die in hunger.
We have experienced in the east a forced wealth reset, it ended as the history books say, all poor except for a few , even fewer than right now in the US.

Careful what you wish for!
There is difference between individual bankruptcy and a country bankruptcy, it will be much easier for individual to turn all their valuable into something else, it would be extremely difficult for a country to turn all their wealth around. And the same goes for the very rich people, they couldn't liquidate all their wealth easily in the event of a country bankruptcy. The rich may stay rich, but that won't be enough wealth for their next 20 generation.

Because you don't only need to work hard. You also need to work smart.
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Best piece of advice anyone can give.

Born rich is also a good advice.

If you really want to cripple a country you need to attack their food supply.

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That's called terrorism and that will again hurt the poor.
You know those food lines in the communist countries? Only the 99% were waiting there in line, the members of the communist party never had to wait for food or endure the rations system.

Take a look at Venezuela who is battling for food! Who are those affected? Never saw Maduro hunting rats.

Talk about food, there is no doubt we have food inequality too, the rich keep a lot of food for themselve for their many generation to come, who's going to suffer? The poor.

For a long time, lending to the economy has had a positive effect on the economic growth of countries. So it was in the 90s and 2000s. Lending to the economy is a really good incentive for economic growth, but you need to be very careful with it. Since human greed has no boundaries, many companies, governments and countries have taken loans without really thinking about how they will have to repay debts. The main problem is that everyone thinks that the growth of the economy will continue all the time. No one thinks that something can go beyond the script. For 20 years, almost all countries of the world have been so indebted that they will soon not be able to repay these debts. And many of the countries have already faced up with this problem.
The lending system is a fraud too, it only enrich the already wealthy family, because the bank won't approve loan for a poor people, bank want to make sure you have a lot of collateral asset to get a loan, the rich get all the loan in the market, not ony they get all the loan, they also repay none of the loan they take from the bank, and making the debt getting bigger,  everyone going to repay the debt created by the rich.

I see so much ideology in this replies here  Shocked Especially one about working hard and you will be rich - its quite funny if you would tell this to some poor uneducated person in 3th world country. Actually same goes for United States - it is a country where American dream and social mobility doesn't work anymore so well ( look up book: Price of inequality by Stiglitz
Everyone was once working for retirement, but I don't see much sense in it today, especially to the younger generation, they completely gave up the idea on retirement.

You'll be waiting a long time - the US has the most dynamic economy in the World and the greatest people so realistically it aint ever going to happen.

Im convinced that civilization don't last forever, it doesn't matter how strong a country is, I know many very strong civilizations go into dust too.

Self hating nerd that want to escape from reality into the cyberpunk.
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January 04, 2019, 04:13:24 AM
 #37

America is already bankrupt. They are trillions of dollars in debt and have no hope in hell of paying it back. Their only hope is to buy up loads of bitcoin and wait for them them to be worth a few million each. This will at least reduce it to a more manageable size
I'm wishing for the opposite, by buying up bitcoin it actually hasten the bankruptcy process. Because there is just too much bitcoin to buy and not to forget tons of other altcoins too.

I don't think what comes up in your mind that you want to bankrupt the country of the USA, this country is fully developed and they are the most powerful country among of all. So, bankrupt I think not in the country but probably people who in their(impossible to happen).

Getting born on a powerful country are itself very unfair, it is just same as getting born on a rich family, but you are not born on a rich family, your life gonna be so bad.



It is very easy! We all know that the American banking system is a virtual bubble based on empty zeros in the banking system. It would be enough, if about 10% -15% (maybe even only 5%) of people asked for the withdraw of deposits and banks become insolvent. Hasta la vista  Wink Grin
That will be true when people have a lot of money in the bank, but what I know the rich control 99% of the money supply, the withdrawal of 1% money supply from the bank would have likely have no impact on the bank run that happened on the last decades. When the few very rich at the top control all the money supply, the rest of the plebs can't do shit to ruin the bank.

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January 04, 2019, 04:59:37 AM
 #38

99% is too much for those people who got rich because of hard work.Why not consider for those who had gained those wealth from their parents?
I understand how OP feels on being poor and being tired of inequality but sometimes we cant really change the fact nor the reality that we are born poor and we need to work hard in order to live.
Don't wish the things that its almost impossible to reach.Just be contented and don't pray for a countries bankruptcy  Grin

Working hard are very bad idea, you will get very sick quickly by working too hard, and pay big money on the medical bill, and most of the time dying are better option for them, because they have no money to pay for it and can't afford a loan.



You cannot generally judge that what happens to someone is because of a certain country or group. Regarding conspiracy theories, this is certainly not supposed to be discussed in this area.

the only way you can do is stop using American-made products and especially at USD. can you and the people in your country do that simultaneously?
look, people around us works and have their own role in our life, and so its happen with bigger frame such as country. They have their own role. Import and Export and become the workers to another country

It is ok for the rich to blame the poor people for everything in life, but poor people can only blame themselve for being poor, I don't know why we have this stereotype mentality.

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January 04, 2019, 05:23:07 AM
 #39

Working hard are very bad idea, you will get very sick quickly by working too hard, and pay big money on the medical bill, and most of the time dying are better option for them, because they have no money to pay for it and can't afford a loan.
Just so you know: you can work hard without being affected negatively. Hence why you should also work smart, not only work hard. Work hard while knowing your limits.

It is ok for the rich to blame the poor people for everything in life, but poor people can only blame themselve for being poor, I don't know why we have this stereotype mentality.
Since when were the rich blaming the poor for anything? LOL. Poor people blame themselves for being poor, well, because most of the time maybe it's actually their fault why they're poor. 🤷

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January 04, 2019, 05:24:46 AM
 #40

Despite the fact that I read all your posts in this thread, I'll reply this one, don't want to quote so much text.
First of all, economic war is the most dangerous war as for now, just deny every import source and your america won't end up well.
I agree you that almost all of the money have some rich guys, that's very bad and everything is a result of our actions, we humans let this to happen from the very beginning. World would be better with only love and piece but we don't live like that. At some point that's good because we try our best to develop and be better than others, we develop nonstop. But also, you still can achieve very valuable things like become famous actor/singer and leave your name in this world. If you want to be another trump, then sorry but you can't. Also not rich people feel well too, most of them are unattractive, a lot of them have serious mental problems like stress and etc, you can't see that in public but you don't know what happens inside, believe me life isn't beautiful for even richest guys.
Making a country to go bankrupt will be one great achievement in life. It certainly doesn't sound positive, but I'm getting sick of getting poorer everyday because of the debt that made by other, I just want a way to get out from this mess.



What would anyone like you wanted the downfall of America. Remember that a nation stands not only as a person you know but individual people that had so many stories to tell and many sacrifices as well. I am Asian and never had any connection with the Americans but I don't even want their demise because we are all humans and just the same we all feel the same thing.

Because bankruptcy will make everything equal again, America is the big source of inequality in this world.

To bankrupt America, all you have to do is convince everyone to withdraw all their money from the banks at the same time.
Ie. what people just did with the proof of keys event, if people did that to banks... Boom!, the ponzi known as fractional reserve banking would collapse.

Of course that's not going to make your personal situation any better, in fact you would be much worse... And i can imagine the effect on the world economy considering that too many countries follow the mistaken Chicago school of economy (fast growth by debt) and its endless bubble/crash cycles.

What if it was never the same again, since the rich control huge portion of money supply, their withdrawal alone would be enough to cause a bank run, and I don't believe poor people withdraw their money from bank has any impact on the bank. Smaller bank may be collapsing, but bigger bank are the one ran by the rich, the collapse of the smaller bank would make the rich even richer too.

Self hating nerd that want to escape from reality into the cyberpunk.
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