Meh, I doubt it'll be soon. Eventually yes because as some have said before, no country lasts forever. I'm not really all that concerned about it though.
Is America going to collapse?
- Thread starter Ossian
- Start date
Recommended Videos
I think that's exactly what many Americans are afraid of; not being "top dog". Personally, I don't mind some healthy competition from the EU and China, as long as we're still a superpower and have influence. Call me a little too patriotic, but I quite like America's global status right now.Thaa said:
It will take a beating economically no doubt but collapse I personally doubt. It will take a lot for a country to truly collapse, more than just economic strife.
Just remember, time is the beat healer. The healing will be slow in this case, no doubt, but time will heal. Best we can do is be smart and endure.
Just remember, time is the beat healer. The healing will be slow in this case, no doubt, but time will heal. Best we can do is be smart and endure.
Honestly, as somebody born and raised in America, I will say that it's always been a horrible, fucked-up place to live.
If I didn't have such an attachment to my hometown and the friends I grew up with there (it being the place I was born and raised), I wouldn't hesitate to move to England or something.
By the way, I'm sorry if I make it sound like I still live at home. I live about 400 miles away from home, because I go to college. However, I intend to move back to my hometown and get my own house when I finish college.
If I didn't have such an attachment to my hometown and the friends I grew up with there (it being the place I was born and raised), I wouldn't hesitate to move to England or something.
By the way, I'm sorry if I make it sound like I still live at home. I live about 400 miles away from home, because I go to college. However, I intend to move back to my hometown and get my own house when I finish college.
Well the people are pretty fat, and the numbers are going up at a staggering pace...
But even with that I doubt they will be able to collapse America.
But even with that I doubt they will be able to collapse America.
This all being speculation obviously, but I rather think the US would go down fighting. It became obvious to me a while ago that only two things here can happen: America goes to war with China, wins, and all is forgiven, or America goes to war with China, loses, and America as a whole ceases to exist. But I'm pretty sure both sides have big ass missiles, so we could end up taking each other out.Googooguru said:
The point being that it would be impossible to call in that debt. It can't be paid off.
America has been in slow decline for a while now, but don't worry, that's the natural order of things and it is as it should be, and it doesn't mean that there are no opportunites. Conversely, economies move in cycles and a decline represents a golden opportunity to move forward. Did you know that the Great Depression of the 1930s created more millionaires in America than any other period in human history? That's because smart people saw a lot of other people out of work, had some ideas, and utilised the dormant workforce in new endeavours. Don't be too concerned with the big picture, you can't control that. Just worry about being the best educated, most employable person you can be. If you've got some semblance of a work ethic that alone will carry you through all sorts of crises.Ossian said:
Or maybe you could take few dollars off from your military funding. Because I am very sure you wont be fighting a war on your homeland. (Terrorism doesn't count as war, it is supposed causing fear. War is total destruction until goal is achieved)TheYellowCellPhone said:
if it does you guys can stay in like the northwest territories or something.. we have nothing up there right now...
or the yukon...
or the yukon...
No, the United States is not going to collapse anytime soon. Even if we were close, and we are not at all, the rest of the world would simply would not allow it to happen. We have a fairly minor economical hiccup and countries like Ireland and Greece collapse. If our government were to collapse and the economy be de-centralized, the world itself would be thrown into turmoil.
We're still the largest economy by a wide margin. China has yet to become a world player even though their economy has been seeing annual growth in the double digits.
The country has been through MUCH worse multiple times, and we've actually seen annual growth for multiple quarters in a row, basically marking the end of the recession.
The United States has problems, but their fairly minor when compared to countries like India or China.
Also anyone who thinks cutting the defense budget would solve problems is a retard. The defense budget creates some of the most competitive jobs in the entire world and the entire military and its associated contractors are a massive investment in both the economic and technological fields.
We're still the largest economy by a wide margin. China has yet to become a world player even though their economy has been seeing annual growth in the double digits.
The country has been through MUCH worse multiple times, and we've actually seen annual growth for multiple quarters in a row, basically marking the end of the recession.
The United States has problems, but their fairly minor when compared to countries like India or China.
Also anyone who thinks cutting the defense budget would solve problems is a retard. The defense budget creates some of the most competitive jobs in the entire world and the entire military and its associated contractors are a massive investment in both the economic and technological fields.
If you look at GDP on a percentage basis, the US actually continues to hold steady if not actually grow. Now, there is a major blip in there. After WW2 US GDP skyrocketed. Which makes a lot of sense since many of the other industrialized nations were turned into rubble while the US was barely touched. So, there has been some decline vs. those numbers (hence why the 50's were considered the golden age in America). Yet if you look at the start of the industrial revolution until now, while eliminating the blip after WW2, the US continues to slowly grow while being the largest GDP nation in the world. Asian and Latin American countries have grown at a faster rate in the last 1/2 century, but much of that was at the expense of Europe and 3rd world countries, not the US.
On top of all that, it may be tougher than usual right now, but there has been much worse. Also, if you are worried about college, just realize that the unemployment rate for people with Masters degrees is around 2% (that is actually up, normally that is the bachelors degree number), and that includes every Masters degree. Get an advanced degree in a real field with a good job outlook and you won't need to worry about work.
If you are wondering how to pay for it? Go to the best public university in your state, get scholarships (if possible), get grants, get loans, and it's a piece of cake. I did it with no financial help at all from my family. Sure, there were some days I had about $1 to my name (literally!), but I got through and enjoyed the hell out of it.
On top of all that, it may be tougher than usual right now, but there has been much worse. Also, if you are worried about college, just realize that the unemployment rate for people with Masters degrees is around 2% (that is actually up, normally that is the bachelors degree number), and that includes every Masters degree. Get an advanced degree in a real field with a good job outlook and you won't need to worry about work.
If you are wondering how to pay for it? Go to the best public university in your state, get scholarships (if possible), get grants, get loans, and it's a piece of cake. I did it with no financial help at all from my family. Sure, there were some days I had about $1 to my name (literally!), but I got through and enjoyed the hell out of it.
By all rights, America should have collapsed a long time ago. Our debt has reached such levels that there's little doubt remaining as to its infinite elasticity.
Well as it stands theres three threats (posted in order of severity) to the US economy:
1: De-dollarization:
Ethically I'm against the the dollarized world as it stands as it is a form of rigid imperialism by which many economies find themselves pegged to in order to create unfavourable trading conditions and continue to support the facade of the US being 'too big to sink'.
Nevertheless a de-dollarized world would crush the US' ability to support it's military budget or beable to maintain it's laughable balance of trade.
That means, no more steady supply of oil and a de-fanged and de-clawed lion who has pissed off more than it's fair share of countries.
2: Crushing debt and stagflation:
Make no qualms about it, even if the world does not de-dollarize, no one is going to continue to loan the US money to trade once it's debt to gdp reaches 200%. Debt repayment and austerity programs are necessary to keep the US afloat or it will default. Expenditure is the core culprit and continual deficits will make it impossible for futue social services to operate.
It will get to the point where even having a whole lot of 'cheap credit' in the market will no longer beable to support business epansion given largely zero internal consumption.
3: Savings, culture and individual liabilities:
Unless the US recreates it's culture on the basis of saving inflows rather than living fortnight to fortnight you're going to continually have a reduction in the quality of life.
This one is the trickiest to solve ....
If people save money rather than spend, then local businesses fail .... which means more lost jobs, which means more debt.
But if people increase their liabilities ... and spend lots ... then local businesses stay afloat, but there is no safeguard for the majority of people against growing uneployment and grievous market cycles.
-------------
I'd say that the US is already collapsing ... the market isn't recovering, it's getting sicker and sicker.
But I don't think a full collpase and default will happen until 2030 ... earlier if the world pursues de-dollarization.
1: De-dollarization:
Ethically I'm against the the dollarized world as it stands as it is a form of rigid imperialism by which many economies find themselves pegged to in order to create unfavourable trading conditions and continue to support the facade of the US being 'too big to sink'.
Nevertheless a de-dollarized world would crush the US' ability to support it's military budget or beable to maintain it's laughable balance of trade.
That means, no more steady supply of oil and a de-fanged and de-clawed lion who has pissed off more than it's fair share of countries.
2: Crushing debt and stagflation:
Make no qualms about it, even if the world does not de-dollarize, no one is going to continue to loan the US money to trade once it's debt to gdp reaches 200%. Debt repayment and austerity programs are necessary to keep the US afloat or it will default. Expenditure is the core culprit and continual deficits will make it impossible for futue social services to operate.
It will get to the point where even having a whole lot of 'cheap credit' in the market will no longer beable to support business epansion given largely zero internal consumption.
3: Savings, culture and individual liabilities:
Unless the US recreates it's culture on the basis of saving inflows rather than living fortnight to fortnight you're going to continually have a reduction in the quality of life.
This one is the trickiest to solve ....
If people save money rather than spend, then local businesses fail .... which means more lost jobs, which means more debt.
But if people increase their liabilities ... and spend lots ... then local businesses stay afloat, but there is no safeguard for the majority of people against growing uneployment and grievous market cycles.
-------------
I'd say that the US is already collapsing ... the market isn't recovering, it's getting sicker and sicker.
But I don't think a full collpase and default will happen until 2030 ... earlier if the world pursues de-dollarization.
I can give you one very good non-political reason:Ossian said:
The US. dollar is the economic standard.
When foreign companies make transactions, they convert most of those profits to the dollar. It's the standard that all other forms of money bend to. The American dollar is accepted in nearly all regions of the world as legal tender because of this. It's also for this reason that the US. Government can pump out so much money without having an adverse effect on its economy. Let me reiterate: most major companies - from ANY nationality - use and bank the dollar.
Now imagine what would happen if, say, the dollar's value went through the floor. If it became worth less than the paper it was printed on...
Hundreds of thousands of companies would be immediately shut down. The life savings of countless people would equal about bunk. The entirety of the world would be dragged into an economic depression of such magnitude it would make The Great Depression look like a day at the beach.