Argentina Debt Crisis: U.S. Demands 1.5 billion cash (Bitcoin to Rescue?)

[Honeypot]

no kidding...america demanding argentina's debt be paid off?  now that's funny.

No, Argentina's bond holders are demanding that Argentina pay its debts.

I wonder what would happen if china did the same to the us with regards to their debt?

Has the US defaulted on any debt to China?

it appears on this point you are right and I concede

on this point
just give it time.  it's pretty much a foregone conclusion i think (of our entire 2011 14.3 trillion dollar debt 8% of that is owed to the chinese...us can't keep raising the debt ceiling forever)

China has better chance of defaulting on its internal loans than US defaulitng any time soon.

Do you have any idea how loose the book keeping and corruption is in china? The place makes bernie madoff look like mother teresa.

If anyone actually did some legitimate check on the financial records in china the whole country would have more holes than a bee hive.

[Cicero2.0]

no kidding...america demanding argentina's debt be paid off?  now that's funny.

No, Argentina's bond holders are demanding that Argentina pay its debts.

I wonder what would happen if china did the same to the us with regards to their debt?

Has the US defaulted on any debt to China?

it appears on this point you are right and I concede

on this point
just give it time.  it's pretty much a foregone conclusion i think (of our entire 2011 14.3 trillion dollar debt 8% of that is owed to the chinese...us can't keep raising the debt ceiling forever)

If you take all future obligations the US has promised our real national debt is north of 100 trillion dollars. That much money doesn't even exist.

[jc01480]

Wow, some of us are trying super-hard to make that no-fly list...

[Erdogan]

If you're not pissed off, you're not paying attention.

...or maybe we're not pissed off because we chose not to go into massive amounts of debt?

You mean you're not suffering today because the self from a decade ago didn't choose to go into massive debt chasing a broken American Dream?

Broken and useless for the ones who made dumbass decisions.

Prosperous and wide open road for people who has good head on their shoulders and asked 'how' and 'when' rather than WAAAAHHHHHHHH

Winners and losers in the field. One of them is here crying about a very childish mistake he made which many of his peers did not. At least, ones he didn't have what it took to associate with

Possible strategy for the student today:
Max out all form of loans. Quickly so you do not have to consume to much while you do. Buy bitcoins. Go bancrupt, do not tell about your coins. Leave the scene, live without banks, spying, property that can be confiscated.

[rext]

Remember seeing the debt clock a few years back at half of what it is now

[Beliathon]

If you're not pissed off, you're not paying attention.

...or maybe we're not pissed off because we chose not to go into massive amounts of debt?

You mean you're not suffering today because the self from a decade ago didn't choose to go into massive debt chasing a broken American Dream?

Broken and useless for the ones who made dumbass decisions.

Prosperous and wide open road for people who has good head on their shoulders...

Sure, as long as "good head on their shoulders" is code for "white and from an upper-middle caste family". Such ignorance...







Even with more and more people getting college degrees, still the wages stagnate:

Possible strategy for the student today:
Max out all form of loans. Quickly so you do not have to consume to much while you do. Buy bitcoins. Go bancrupt, do not tell about your coins. Leave the scene, live without banks, spying, property that can be confiscated.

You'd certainly do better financially than most students! The sad part is most of these kids will never have any money with which to buy Bitcoins.

Fact: Capitalism is mass-theft and mass-exploitation.

[Honeypot]

If you're not pissed off, you're not paying attention.

...or maybe we're not pissed off because we chose not to go into massive amounts of debt?

You mean you're not suffering today because the self from a decade ago didn't choose to go into massive debt chasing a broken American Dream?

Broken and useless for the ones who made dumbass decisions.

Prosperous and wide open road for people who has good head on their shoulders...

Sure, as long as "good head on their shoulders" is code for "white and from an upper-middle caste family". Such ignorance...







Even with more and more people getting college degrees, still the wages stagnate:

Possible strategy for the student today:
Max out all form of loans. Quickly so you do not have to consume to much while you do. Buy bitcoins. Go bancrupt, do not tell about your coins. Leave the scene, live without banks, spying, property that can be confiscated.

You'd certainly do better financially than most students! The sad part is most of these kids will never have any money with which to buy Bitcoins.

Fact: Capitalism is mass-theft and mass-exploitation.

HAHAHAHA

I didn't realize i was white and from 'upper middle caste', with yearly income of below 10,000 usd (inflation adjusted) who qualified for a full ride based both on need and merit.

You one dumbass fool you made some really elementary mistakes in financial judgement. You expected things will fall into your lap without even thinking about what YOU need to do to secure your own future.

Everything you did you did out of your own volition. You are no where close to being an 'enslaved, oppressed capitalist serf' as you would love to think.

Stop cryin and go check yourself.

[pening]

Capitalism is mass-theft and mass-exploitation

How loud you cry, yet there you are using your computer, powered by electricity on the internet, linking to youtube... all products of capitalism.  Go live a wicker hut in the 3rd world for a while and come back to tell us how awful capitalism is (or isn't).

[Beliathon]

Capitalism is mass-theft and mass-exploitation

How loud you cry, yet there you are using your computer, powered by electricity on the internet, linking to youtube... all products of capitalism.

Man, why are capitalists always so weak at argument? I've destroyed this pitiful argument so many times I frankly can't even be bothered anymore. Hint: You don't understand history very well. It's a series of revolutions.

There was a time before capitalism, there will be a time after capitalism. "This too shall pass". Nothing escapes the march of time - not even your overwhelming ignorance.

[Meuh6879]

capitalism is good ... when money is hold by the people.
not by a private interest ...

[aztecminer]

wait, why is it extortion on debt? if you owe the money, then you have to pay it.. no? can't blame a debt collector from collecting debt.

In my life time, I don't even think the U.S will come close to repaying our debt. It's so huge everyone basically has a 'debt' on them.

But I agree with you. And moving to Bitcoin doesn't help, since the IRS view it as property. Argentina sort of has it bad, also, due to the corruption and such. And if a country want's their money, I'm a hundred percent sure they're going to go through Hell's Bounds and back.

While I agree that a creditor has a right to collect, why the f*&k are they doing it now? Are they trying to cause a collapse? We (the US) send billions to other countries all the time to help them out, why are we now hurting the economy of someone that I assume is an ally?

don't be assuming stuff. everyone is jumping ship on the usd reserve currency.

http://www.ipsnews.net/2014/06/argentina-once-more-on-the-map-invited-by-brics/

the brics are using other currencies now other than the usd reserve currency to settle trades. this is obviously unacceptable and argentina must be liberated.

[Beliathon]

the brics are using other currencies now other than the usd reserve currency to settle trades. this is obviously unacceptable and argentina must be liberated.

[pening]

There was a time before capitalism

I'm well aware.  I wonder if you are aware of what its like?  Really like?  Please try it and report back. But I sense you will would rather decry it instead, its far easier to say its undesirable while enjoying all the benefits as you obviously do.  I also look forward to something after, as long as its an advancement. 

[ebliever]

There was a time before capitalism, there will be a time after capitalism. "This too shall pass". Nothing escapes the march of time - not even your overwhelming ignorance.

It's been well said that capitalism is the worst economic system - except for all the alternatives. If you think you are oppressed in a free-market society, try being on the wrong side of a society with unfree markets. (Or to put it another way - if your complaint is that you are being oppressed by the economically powerful, you are actually arguing FOR free markets - against such manipulation and oppression - not against them. I can guarantee that in a socialist/communist system the centralization of economic power will lead to greater corruption and thus oppression of the masses. That's how it always works in practice.)

[allthingsluxury]

Argentina is no stranger to collapse. Hopefully their citizens have learned to have some money in gold, silver and bitcoin.

[Honeypot]

Capitalism is mass-theft and mass-exploitation

How loud you cry, yet there you are using your computer, powered by electricity on the internet, linking to youtube... all products of capitalism.

Man, why are capitalists always so weak at argument? I've destroyed this pitiful argument so many times I frankly can't even be bothered anymore. Hint: You don't understand history very well. It's a series of revolutions.

There was a time before capitalism, there will be a time after capitalism. "This too shall pass". Nothing escapes the march of time - not even your overwhelming ignorance.

Fucking hilarious to see a crying fool thinking he can call others 'ignorant'. GTFO and learn some common sense and maturity please....you sound like a bitchy 15 year old who thinks he 'knows' because of some half baked 'rational argument that does nothing to hide your actual shallow intentions.

[ShakyhandsBTCer]

Argentina is no stranger to collapse. Hopefully their citizens have learned to have some money in gold, silver and bitcoin.

This will likely happen to places like Argentina.

After they will basically default twice in the span of ~13 years their currency will likely be devalued in the ForEx markets causing high inflation throughout the country.

Without a stable currency to use hopefully the people of Argentina will look to bitcoin

[Erdogan]

Argentina is no stranger to collapse. Hopefully their citizens have learned to have some money in gold, silver and bitcoin.

This will likely happen to places like Argentina.

After they will basically default twice in the span of ~13 years their currency will likely be devalued in the ForEx markets causing high inflation throughout the country.

Without a stable currency to use hopefully the people of Argentina will look to bitcoin

Pedro, August 2014: Shit, fleeced AGAIN! Next time, I will go bitcoin/gold in advance!

[Beliathon]

There was a time before capitalism

I'm well aware.  I wonder if you are aware of what its like?  Really like?

In the not-too-distant future they'll look back on capitalism and say, "I wonder if you are aware of what it was REALLY like? It was horrible, the vast majority lived as slaves in all but name..."

I'm afraid you are out of your depth, friend. Your myopia blinds you from the truth.

If you take all future obligations the US has promised our real national debt is north of 100 trillion dollars. That much money doesn't even exist.

Don't worry, we leave the vast majority of that debt to our children and grandchildren, essentially selling them off as slaves to foreign banksters before they're even born...

...Surely there won't be any negative political ramifications of that fact, eh?

[ebliever]

There was a time before capitalism

I'm well aware.  I wonder if you are aware of what its like?  Really like?

In the not-too-distant future they'll look back on capitalism and say, "I wonder if you are aware of what it was REALLY like? It was horrible, the vast majority lived as slaves in all but name..."

I'm afraid you are out of your depth, friend. Your myopia blinds you from the truth.

If you take all future obligations the US has promised our real national debt is north of 100 trillion dollars. That much money doesn't even exist.

Don't worry, we leave the vast majority of that debt to our children and grandchildren, essentially selling them off as slaves to foreign banksters before they're even born...

...Surely there won't be any negative political ramifications of that fact, eh?

You keep making vague, stupid, grandoise statements without backing them up. I agree that the modern western world consists of what I call "plantation-states" - where the citizens are functionally slaves forced to support the agenda of the elites through direct and indirect taxation. (Much like 19th century plantation slave owners would allow their skilled-trade slaves to keep a portion of their free-lance earnings while pocketing the rest.) However this is not due to capitalism but rather precisely the opposite, because it occurs through the use of centralized political power working against open competition and free-market capitalism. You correctly perceive the injustice, but have the remedy and the malady mixed up.