US Default will cause “Massive disruption the world over.” says IMF Chief - Polidicks

[QUOTE=Wizards Court;42510511]really, people want change, but change only happens when something drastically affects the status quo, a default of the US economy althrough horrible for a shitload of people, might actually be good for the US/and maybe even the planet in the long run.[/QUOTE] Hate to break it to you but a default won't teach anyone anything other than to not invest in the US ever, meaning we'd be in the shithole for good.

can't wait, soooo excited

[QUOTE=Matthew0505;42510620]Didn't people also say congress wasn't stupid enough to cause a government shutdown?[/QUOTE] a government shutdown isn't a catastrophe, and there is precedent for it happening. government default on debt is catastrophic and there is no precedent for a superpower like the usa to default. [editline]13th October 2013[/editline] [QUOTE=ForgottenKane;42510564]How does a possible second Dark Ages sound[/QUOTE] holy shit this thread is incredibly melodramatic.

B-b-but SMALL GUBMINT

[QUOTE=ForgottenKane;42510564]How does a possible second Dark Ages sound like a good thing for anybody?[/QUOTE] I don't think you know what any of those words mean

[QUOTE=yawmwen;42510816]a government shutdown isn't a catastrophe, and there is precedent for it happening. government default on debt is catastrophic and there is no precedent for a superpower like the usa to default. [editline]13th October 2013[/editline] holy shit this thread is incredibly melodramatic.[/QUOTE] Tell the people currently furloughed and not having the cash to pay bills that a shutdown isn't a catastrophe. The whole idea is that the Tea Party gambled that a shutdown was worth it to push their agenda. But with the effects of a shutdown really taking hold, albeit muted compared to a default, it's clear that a shutdown is terrible. People were immediately furloughed, with no income to consume goods with, so businesses suffered, contractors suffered, and there's less money firing back into the economy. A default would exponentially increase the damage, but it's incredibly insulting to those who experience this as a catastrophe to imply otherwise.

[QUOTE=Bentham;42510617]Hate to break it to you but a default won't teach anyone anything other than to not invest in the US ever, meaning we'd be in the shithole for good.[/QUOTE] No one would have to worry about investing in the US if we default because the world economy will also go down the shitter since the US is such a gigantic buyer of products from several countries.

You need to calm down, guys. Do you really think anyone in the government is serious about letting the US default? I don't think anyone with power in politics is actually that crazy. Nothing is going to happen.

Hahahaha

[QUOTE=Bentham;42510917]Tell the people currently furloughed and not having the cash to pay bills that a shutdown isn't a catastrophe. The whole idea is that the Tea Party gambled that a shutdown was worth it to push their agenda. But with the effects of a shutdown really taking hold, albeit muted compared to a default, it's clear that a shutdown is terrible. People were immediately furloughed, with no income to consume goods with, so businesses suffered, contractors suffered, and there's less money firing back into the economy. A default would exponentially increase the damage, but it's incredibly insulting to those who experience this as a catastrophe to imply otherwise.[/QUOTE] well if we are going to use the word catastrophe like that, then i think taxes are a catastrophe, and i think police are a catastrophe, and i think wal mart is a catastrophe.

[QUOTE=Smooth Jazz;42511683]You need to calm down, guys. Do you really think anyone in the government is serious about letting the US default? I don't think anyone with power in politics is actually that crazy. Nothing is going to happen.[/QUOTE] The government as a whole? No. But I do fear there being a small group in government willing to throw a wrench in the whole thing just to see what happens on some outrageous political ideology that only a sliver of the population believes in.

[QUOTE=Tengil;42507432]The end of America and the dollar was planned by the western oligarchy decades ago. The only thing that will come from all of this is global chaos. Out of the ashes a new global government will emerge & more importantly a new global currency. I advice everyone to secure any of their current wealth in gold and food. A new world & era for humanity is taking shape right before us.[/QUOTE] Why have there been so many more conspiritards around here lately?

[QUOTE=asteroidrules;42513090]Why have there been so many more conspiritards around here lately?[/QUOTE] lately?

[QUOTE=cqbcat;42507511]There's absolutely no reason to default. If we were to default, we would have to learn to live within our means. Why destroy out last shreds of dignity and default when we can make the choice to live within our means now.[/QUOTE] And by "live within our means" you mean "Should I pick up a second box for the kids or just sell them and move into a shed."

[QUOTE=frozensoda;42507871]My grandfather has been [b]diluted[/b] into thinking the republicans are acting out of some sort of valiance by forcing the default and shutdown. He hopes, but doubts, that they will be able to pull it off. I am sure that crazy radical democrats are saying the exact same thing, but with a negative connotation. He says that they are "making a stand" and "forcing people to wake up" by holding basically the entire world hostage by economic disaster. I don't understand his thought process. In his mind they are somehow trying to benefit the american people by doing this.[/QUOTE] How much water did they add to him? Did it contain fluorine?

[QUOTE=Pvt. Martin;42507453]That makes absolutely no sense. What exactly is this new "global government"? What new currency will it behold? How will that global government and currency by managed and regulated? And what gold? If everyone had gold, we wouldn't be defaulting in the first place now would we?[/QUOTE] Don't mind him, he's a conspiracy theorist. He probably double-checks his friends every time he sees them to make sure they aren't skin-walkers.

Holy shit three days till it defaults. Then I'll probably never get into college.

[QUOTE=Emperor Scorpious II;42506980]That was the most unsettling thing I've read in a long time.[/QUOTE] Just as a hypothetical, I've often wondered why the law-and-order situation hasn't been a part of these analyses. While I'm not expecting full on Mad Max level shit, surely this is also something of a huge part of the issue as well? Impacts on the economy also have an impact on the military, right? So what happens when the dollar, as the Examiner predicts, isn't worth the paper it's printed on?

[QUOTE=snookypookums;42520314]Just as a hypothetical, I've often wondered why the law-and-order situation hasn't been a part of these analyses. While I'm not expecting full on Mad Max level shit, surely this is also something of a huge part of the issue as well? Impacts on the economy also have an impact on the military, right? So what happens when the dollar, as the Examiner predicts, isn't worth the paper it's printed on?[/QUOTE] Riots, most likely. And a lot of looting perhaps, in major cities. But for the most part, I don't see the integrity of the US coming completely loose. It'll be rough, but not impossible to survive.

Conspiracy theorist? I doubt you ever will be using those two words again after what is about to happen. Winter is coming. [media]http://www.youtube.com/watch?v=FG3H9E-B464[/media]

[QUOTE=Tengil;42520444]Conspiracy theorist? I doubt you ever will be using those two words again after what is about to happen. Winter is coming.[/QUOTE] I wonder what you'll say if they do avoid default.

[QUOTE=Megafan;42520685]I wonder what you'll say if they do avoid default.[/QUOTE] "This was just a taste of what's to come, it'll really happen guys, [I]I swear[/I].

[QUOTE=Tengil;42520444]Conspiracy theorist? I doubt you ever will be using those two words again after what is about to happen. [B][U]Winter is coming.[/U][/B] [/QUOTE] [I]And so am I.[/I] In other news, I suppose it's time to go start that country on the south pole I always wanted. Ruling penguins and making them sell ice to the post-apocalyptic world. Hell, if Global warming ends up going through, it'll be an island paradise that is significantly cooler than the reset of the somewhat on fire world. Will it be rocky? Yes. Where will I get dirt for the rock? Africa. Yep, I'll just get my penguins to make a giant ass robot that will go and take a shitton of Africa's dirt and pour it on the island. Then I'll get the Penguins to plant trees an stuff. LONG LIVE FAILZLANDIA!

I hope it defaults It will cause change and will finally transfer power

Who run bartertown?

[QUOTE=Tengil;42520444]Conspiracy theorist? I doubt you ever will be using those two words again after what is about to happen.[/QUOTE] The NWO isn't going to make America collapse so they can create a world government. If we default, it's because of our own petty squabbling. [QUOTE=Tengil;42520444]Winter is coming.[/QUOTE] Why yes, yes it is.

[QUOTE=LunchboxOfDoom;42507026]I saved a link to it when it was first published because of how well it explained the situation and the consequences. It really gives you a great perspective on not only how badly things will suck for us, but at least an imaginative one of how badly things will suck for the rest of the world as well (sorry about that, guys; you shouldn't have to go down with this ship-- we should). If a default happens, it will be one of those special catastrophes that comes along every now and again in human history that's talked about by people for centuries thereafter. [editline]13 October 2013[/editline] Maybe we need this to happen. Maybe we'll learn something from it. I don't know anymore.[/QUOTE] The only thing people will learn from such a catastrophe is to not borrow or invest money and especially not in the US which will harm the economy even more

[QUOTE=Cabbage;42523635]The only thing people will learn from such a catastrophe is to not borrow or invest money and especially not in the US which will harm the economy even more[/QUOTE] Well, then if that's the case, I'm definantly migrating to Australia.

[QUOTE=yawmwen;42511836]well if we are going to use the word catastrophe like that, then i think taxes are a catastrophe, and i think police are a catastrophe, and i think wal mart is a catastrophe.[/QUOTE] Sure, you sure can. But that just goes along with my point, that a catastrophe is going to be subjective. one of the many definitions is "any misfortune, mishap, or failure; fiasco". Would that not be accurate for those whose entire livelihoods have been put on hold because of some insane anarchists within the government?

[QUOTE=Pvt. Martin;42525064]Well, then if that's the case, I'm definantly migrating to Australia.[/QUOTE] Can you scull a beer? because thats on the test.