America's Debt

[Bisjac]

Bisjac if the economy does not collapse by the time we agreed upon you owe me 100 dollars.

Actually the bet was that you would pay 500 dollars if WWIII doesn't happen by January 1, 2013.

there are key countries that if gone to war, will define ww3. so its not really subjective, we will know lol.

[Ad Bot]

[Cybertails1998]

http://www.usdebtclock.org/world-debt-clock.html

russia 10%
USA 70%

holy stuff russia has the lowest number on the list

[Mulch]

I agree with you that the key to war could be Iran. At least with China. Russian / Iranian relations are not so good right now, when not under Putin's regime.

[Menen]

Im surprised a second depression hasn't started yet.

[Mr.jacksaunt]

Im surprised a second depression hasn't started yet.

The depression was caused by stock failure, issues with banks loaning money and several other aspects.
Not national debt.

[Lil D]

See? This is what happens with a market economy.

It's not the market economy's fault, its the fault of the government in 08 making it harder for big banks to check the income levels of people taking out a loan to buy a house.  When people couldn't pay the loans back, the money disappeared.  There you go, the housing crash and what started this big mess.

[Mulch]

You can't attribute an entire recession to just that one instance.

[Bisjac]

the government is purposely spending like crazy, more so now when its very bad, then back when it was a simple issue of tight budgeting. i think they intend to purposefully crash the dollar to escape the dept.

[Aces]

Amero here we come.

$$$--Oh wait I mean ###

[Bisjac]

the "just in case" plan is to combine mexico+canadian+american economy into the amero.

"just in case something bad happens"

though its all in stone as if they intend on it lol

[Lil D]

You can't attribute an entire recession to just that one instance.

Sorry if my post was a bit misleading.  I'm not attributing the recession to the crash of the housing market, but that was obviously a big part of it.

[Clone v.117]

The US has been doomed to crash for years, there is no hope of it recovering from its debts.
Once this is finally accepted and the US falls back China will most likely become the biggest powerhouse for the world, unlike self-proclaimed powerhouse, America.

But yeah people in America should really consider moving out to other countries before it's too late.

[QuantumEagle]

For once I'm happy I live in China.

[Demian]

Well that sucks. Well Finland can always go back to our good ol' Finnish markka. In fact our government has already been thinking about it.

[Cybertails1998]

my country is the one with the least of a debt on its hands

forget yeah russia