From: G Shaw (milspectruck@verizon.net)
Date: Thu Dec 15 2005 - 11:08:57 PST
A little distasteful economics being taught now in college, with some MV
The only way out will be a write off of the US debt and a following total
Drastic cuts in they way we do business will be needed to avoid all this.
Glenn
-----Original Message-----
Here's an interesting bit of information that was published in the local
The national debt is growing. It is growing very fast. By the year 2042 ( a
Hoping there is a way out of the mess...
John H
thrown in.
run and collapse of the value of the dollar, and then in turn the collapse
of every major world currency not solidly backed by gold. (The Chinese are
buying all the gold they can get their hands on right now, wonder why). The
Chinese hold enough US treasuries (and gold) as we speak to provoke this at
any time of their choosing by flooding the market overnite with sell orders.
They hold a weapon far more powerful than their nukes. The US is countering
by preparing to issue its new currency. They already have this emergency
plan in place. There will be no deficit debt load on this new currency
since it will be wiped out in the default. The money is already printed and
ready. They know that the switch over will have to happen quickly and there
will be no time to produce the printed money once the sh*t hits the fan.
The money looks more or less the same but it is blue rather than green and
is in storage now for some time. The losers in this deal will be all those
who are *lenders* in the system, such as anyone with a 401K or other plan
based on stocks or bonds, people who hold Treasuries (who have loaned their
money to the govt) etc. They will have to consider those investments gone
as they are in all countries where a currency collapse has happened
historically. Essentially the economists will tell you that this instant
transfer of wealth back to the government from the losers who are wiped out
is what restarts the economy.
And for the MV content; it is assumed by the Rand Corporation synopsis that
a war will result followed by a rebuilding of most of the world. Everyone
in top positions know that severe protectionist laws allowing for trade with
other countries using an applied duty based on the difference between the US
and foreign wage scales where the product is produced, coupled with
draconian government spending cuts to begin in the next couple of years will
avert this world catastrophe that is building up. I believe that soon most
legislators will realize that the non-war solution is less painful than the
war/dollar default one. We shall see. Maybe not. Soon.
From: Military Vehicles Mailing List [mailto:mil-veh@mil-veh.org] On Behalf
Of Hutterer, John (MPAU)
Sent: Thursday, December 15, 2005 12:10 PM
To: Military Vehicles Mailing List
Subject: Re: [MV] Chinese Products
paper a few weeks ago. A nationally known economist was in town to give a
lecture to the business community, and the paper quoted some information
from his latest book. Unfortunately, I don't remember his name.
long time from now? No actually only 37 years) it will be so great that it
will be equal to 6 times the Gross National Product of the United States.
Much of the National Debt is owed to foreign countries, since they are the
only entities that are wealthy enough to buy our bonds in quantity. In 2042
it will take 95% of the total tax money collected by the federal government
just to pay the INTEREST on the National Debt. That leaves the remaining 5%
of the taxes that are collected to fund the rest of the government. Try
paying for Defense and Social Security with only 5% of the budget. This is
the scenario as it relates to the programs that are currently in force under
the Bush administration. If the policies that were put in place by the
Clinton administration had been followed, the above figures would have also
been true, but they wouldn't have occurred until 2052, or ten years later.
In reality, it isn't much of a difference. The point of this is that the US
is heading towards bankruptcy. At some point in time, we are going to owe so
much money to the rest of the world, that they are going to basically be
able to "foreclose" on us. Of course, that isn't how nations operate. I
honestly have no idea what will happen, but it sure doesn't look good.
Personally, I believe that this is just another example of how we, as a
nation, have made "me first" a national mantra.
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