Weekly fiscal cliff.

[takingarms1]

QUOTE (djrbk @ Oct 1 2013, 06:07 AM) Your government is so $#@!ing bad, 'murica.

It's bad and you should feel bad.

QUOTE (CronoDroid @ Oct 2 2013, 02:03 AM) Good news is you'll be stuck with these clowns until next year. I mean regardless of whether or not you're ideologically opposed to the ACA, no one group should be able to hold the US budget (and by extension, the global economy) ransom because they didn't get what they wanted.

Have the Republicans even come up with their own health care plan yet to replace the ACA? Or are they still on the "the previous system worked" track? It boggles the mind how long this nonsense has been going on.

I think these comments are funny. You all act like it's some great tragedy that our politicians are arguing about money and/or that the government is "shut down." All essential services are still functioning. Some offices are closed, whoopdie do.

Let the politicians fight about stupid stuff. It gives them less time to do worse things like pass amendments to the patriot act taking away more of my rights. Eventually, probably in a couple of days or so, they'll work out some kind of compromise and the government will no longer be "shut down." It's just a lot of grandstanding right now.

[Raveen]

Unless you're a federal employee who's about to default on your mortgage...

[pkk]

QUOTE (CronoDroid @ Oct 2 2013, 08:03 AM) Good news is you'll be stuck with these clowns until next year

That is part of the problem: Once you finished your election campaign, you start the next one. People elect a person as representative, not a party platform. You don't wanna loose your seat, so be 'stupid' and persevere on your position, even if it means shut down...

[raumvogel]

QUOTE (Camaro @ Oct 4 2013, 09:59 AM) True, however the US Federal Reserve holds far more debt than China does. Foreign debt is just a fraction of our debt holdings, and China is just a fraction of that fraction.

The Federal Reserve could just one day forgive their loans to the US Federal Government and all is good. Although other nations would accuse the US of printing money (as that is essentially what that amounts to). Significant inflation would ensue.

Also, US Debt was downgraded the other year, I'm sure we lost our right to say the "safest investment in the world" back then.

We are printing 87 billion per month right now. It has to end!

[peet]

If you can understand Dutch, some English inside, here is a 2005 docu about a simulation what will happen if the US dollar drops against the Euro. That was before the crash.

Roughly
1. USA borrows too much and the World loves it (massive wealth stimulus)
2. the dollar starts to slip
3. Panic in stock exchanges
4. Local banks start to fall, empty atm's
5. Public starts to panic
6. Central banks can't keep up, ECB powerless, EU parliament powerless
7. President of USA says "USA first", no support from FED, dollar exchange terminated due to uncertainty how much the USD is worth, rejection to accept USD for tourists
8. EU forces fixed exchange rate for EURO / USD at a low rate
9. USA is upset, President calls it theft, when it was good everyone had massive profit, now the world should help the US
10. OPEC drops USD for oil prices
11. USD says "to take all actions to ensure unlimited flow from oil to the USA"
12. Global trading stops, people are afraid their ships and airplanes will be confescated.
13. USA President says "we are alone, must produce goods, live on budget, suffering"
14. End scene, tourist pays with 3 cigarette packs for a taxi fare

http://tegenlicht.vpro.nl/afleveringen/200...ollar-valt.html

[NightRychune]

QUOTE (Camaro @ Oct 4 2013, 07:59 AM) True, however the US Federal Reserve holds far more debt than China does. Foreign debt is just a fraction of our debt holdings, and China is just a fraction of that fraction.

The Federal Reserve could just one day forgive their loans to the US Federal Government and all is good. Although other nations would accuse the US of printing money (as that is essentially what that amounts to). Significant inflation would ensue.

Also, US Debt was downgraded the other year, I'm sure we lost our right to say the "safest investment in the world" back then.

yeah foreign debt holdings only account for around 22% of the total US debt, but that's still significant enough to have a negative effect on the global economy if @#(! goes south

[HSharp]

I would be interested to see what would happen if indeed the world economy went boom.

I doubt there would be planes crashing from the skies and everything blowing up, international trade would definately suffer. Might even cause a currency collapse, would be interesting if they go back to gold-standard.

[djrbk]

QUOTE (TakingArms @ Oct 4 2013, 12:17 PM) I think these comments are funny. You all act like it's some great tragedy that our politicians are arguing about money and/or that the government is "shut down." All essential services are still functioning. Some offices are closed, whoopdie do.

Let the politicians fight about stupid stuff. It gives them less time to do worse things like pass amendments to the patriot act taking away more of my rights. Eventually, probably in a couple of days or so, they'll work out some kind of compromise and the government will no longer be "shut down." It's just a lot of grandstanding right now.

Nawh man, my comments stand regardless of your govt being fully functional or not. It's still super $#@!ing bad and y'all should be ashamed of it. This is kinda a highlight though, their petty bull@#(! is depriving some 800 000 families of a paycheque.

[raumvogel]

QUOTE (Raveen @ Oct 4 2013, 12:43 PM) Unless you're a federal employee who's about to default on your mortgage...

I don't think the average American gives 2 turds if they end up just like the rest of us. This whole shut down proves how much we don't need any of those @#$%@#s up there on the hill.We especially don't need the lobbyists who make a mockery of our voting process. Their arrogance will allow them to take way too long to figure out that a large portion of this country is prepared to @#(! can them all and start over.

[Viscur]

I think you have a very wrong idea of how much the average government employee makes that is directly affected by this here shutdown.