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The US about to meet “sudden, CATACLYSMIC end”- Ron Paul

Discussion in 'World Economy' started by Dublin 4, Jan 4, 2018.

  1. Dublin 4

    Dublin 4 Legend Political Irish Donator

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  2. Youngdan

    Youngdan Moderator Staff Member Moderator Political Irish Donator

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  3. OP
    Dublin 4

    Dublin 4 Legend Political Irish Donator

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    The Site's Readers have a right to analyse the Sensationalist Claims by Former Congressman Paul regardless of the Paper's error, which no-one else has endorsed & which doesn't affect the context of his claims.

    What is your detailed view of his claims YD?
     
  4. Youngdan

    Youngdan Moderator Staff Member Moderator Political Irish Donator

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    The problem is that he is right but we have been since 1987 when the federal debt was 2.7 trillion, it is 20.6 trillion and we are still hovering off the cliff and have not fallen.
     
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  5. Tadhg Gaelach

    Tadhg Gaelach Legend Political Irish Donator

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    And as long as the US Régime maintains the ability to murder any world leader who wants to leave the Petrodollar, you won't fall. Rather, the slow decay will continue. Though I believe Trump has speeded up the demise of the USA as the world hegemon, and he will continue to do so into the future.
     
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  6. Tadhg Gaelach

    Tadhg Gaelach Legend Political Irish Donator

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    Btw. The economic system of the Soviet Union was completely viable. And the fact that some countries in the world still have that economic system - and more are likely to have it in the future - shows that it was completely viable. The Soviet Union had almost zero debt. It had enough natural resources to keep it going forever. All it lacked in the mid 1980s was what Nietzsche would call the Will to Power. Gorbachev was a tired old walrus, while Reagan, Thatcher and John Paul II were hungry blood hounds who had the taste of blood in their mouths. I have no doubt whatsoever that if Andropov had not been taken from us so early, we would still have the Soviet Union and the Warsaw Pact, and it may well have grown in size. Andropov was willing and able to crush the lice like Yeltsin who were infecting the Party. Like Deng in China, he had the will to exterminate those to needed to be exterminated.
     
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  7. OP
    Dublin 4

    Dublin 4 Legend Political Irish Donator

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  8. TheWexfordInn

    TheWexfordInn Respected Member Political Irish Donator

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    Well he is right that the US debt is insanely high, it doesn't look sustainable. Then again so is the debt of so many countries.

    Think his analogy of the Soviet Union isn't particularly valid though, back then neither the Soviet Union nor the US nor anyone else had the insane debt levels that exist at the moment.

    If the US does collapse so will the economy of the rest of the world so its not something anyone should look forward to.
     
  9. Tadhg Gaelach

    Tadhg Gaelach Legend Political Irish Donator

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    I think the only sane policy for countries is to de-couple from the US economy as far as they can. At the moment, Ireland literally couldn't survive a US collapse. But far from trying to hedge against that risk, the Leinster House gombeens are doing all they can to make us even more dependent on US companies.
     
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  10. Tadhg Gaelach

    Tadhg Gaelach Legend Political Irish Donator

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    What this says to me is that the US economy is on auto-pilot. Little or no input from human intelligence. Trump really has no idea of the nature of the problems the USA faces, not to mind any solutions - other than the 1980s bullshit that was so popular when he was a young man, i.e. cut taxes for the rich and they will spend more and the money will trickle down to everyone else. But that's even less likely to work now than in the 1980s, as the number of rich people has gotten smaller and smaller, and their marginal propensity to consume is just about zero.
     
  11. Youngdan

    Youngdan Moderator Staff Member Moderator Political Irish Donator

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    The fact is D4 everyone is so happy with Trump that the Dow rocketed 8000 points, productivity has hit 3% for the first time in about 10 years if not more. It is all about confidence and Trump is the man. He is perceived as strong and decisive. Money is fleeing to the USof A. Who can be surprised. Look at Europe, is there a single leader there that is not a woman, a lesbian or a transgender.

     
  12. OP
    Dublin 4

    Dublin 4 Legend Political Irish Donator

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    There will be a heavy correction but not today.

    C'mon the Trumpster! :smiley: