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Pale Blue Dot (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 01:30 PM Original message |
A graphic illustration of why an economic collapse is inevitable: |
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givemebackmycountry (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 01:33 PM Response to Original message |
1. Nah, that's bullshit... |
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Pale Blue Dot (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 01:40 PM Response to Original message |
2. Oh yes, states owe a ton of money too. |
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Kip Humphrey (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 01:41 PM Response to Original message |
3. Then there's the small matter of $ trillions of hedge funds/derivatives due to reset in the 3rd qtr. |
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panader0 (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 01:44 PM Response to Original message |
4. In Saturdays NYT there are charts that compare this to other |
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Pale Blue Dot (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 01:52 PM Response to Reply #4 |
5. We lived in a very different world in 1973. |
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Tierra_y_Libertad (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 01:52 PM Response to Reply #4 |
6. Unfortunately, there's that nasty ripple effect. |
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pretzel4gore (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 03:21 PM Response to Reply #4 |
14. cannibalism....after we eat the pets! |
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Bigmack (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 04:22 PM Response to Reply #14 |
17. Screw "eat the pets"! |
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natrat (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 07:14 PM Response to Reply #4 |
19. my god not affording skyrocketing food prices and starving seems like a ways to fall |
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indepat (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 01:53 PM Response to Original message |
7. Can't really deal with this as long as America is spending as much for war as the rest of the world |
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hfojvt (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 01:59 PM Response to Original message |
8. I don't think that is accurate |
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Pale Blue Dot (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 02:06 PM Response to Reply #8 |
9. A couple of things: |
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elehhhhna (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 02:16 PM Response to Reply #9 |
12. He's talking mortgage debt, and 7% is probably accurate. |
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hfojvt (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 02:58 PM Response to Reply #9 |
13. it depends on the debt |
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elehhhhna (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 02:13 PM Response to Original message |
10. 14T divided by 5 million campanies in the US would be 2.8 million per company |
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Popol Vuh (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 02:16 PM Response to Original message |
11. Stop Whining |
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Fire Walk With Me (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 03:33 PM Response to Original message |
15. Why spend ruinously, for years, on an invasion not required? To purposely destroy the US economy |
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flamingdem (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 04:12 PM Response to Original message |
16. Why are we all to blame for this? |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 04:42 PM Response to Original message |
18. This is bullshit. |
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Popol Vuh (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 08:19 PM Response to Original message |
20. Our Main Problem: Our Monetary System |
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Kansas Wyatt (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 09:30 PM Response to Reply #20 |
22. Didn't JFK decide the U.S. needed to start printing U.S. Treasury notes again? |
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soothsayer (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 11:58 PM Response to Reply #20 |
23. Yup. "Money as Debt" is an interesting flick. |
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ProdigalJunkMail (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 08:56 PM Response to Original message |
21. please consider the worth of the dollar |
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soothsayer (1000+ posts) Send PM | Profile | Ignore | Mon Jul-21-08 12:01 AM Response to Original message |
24. How can we be $14 trillion in debt when there's only around $829 billion in currency in circulation? |
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