2013 is going to be much worse than 2012 for America - Jim Rogers

Discussion in 'Political Opinions & Beliefs' started by DA60, Jan 1, 2012.

  1. DA60

    DA60 Banned

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    'Jim Rogers : You know 2013 if we last, if we make it to 2013, 2013 is going to be worse. There´s an election in America in 2012. The government is going to extend as much money as it can to win the election, and the people who get that money are going to be better off because there´s a government throws billions of dollars out into the economy. Somebody´s got to get that money. But those people and their friends are going to be better off. But the overall situation continues to get worse because the debt goes higher and higher and higher, and the rest of us ultimately are going to be worse off. And certainly by 2013 when all of that extra spending for the election stops, 2013 is definitely going to be a very bad year in the U.S. and in the world. - in El Economista'

    http://jimrogers1.blogspot.com/2012...ampaign=Feed:+blogspot/WOHK+(Jim+Rogers+Blog)
     
  2. akphidelt2007

    akphidelt2007 New Member Past Donor

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    If people would just learn that the national debt is nothing like their own debt this country would be much better off. The only way we will be worse off in 2013 than 2012 is if the Govt stops spending money.
     
  3. bacardi

    bacardi New Member

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    Looks like Jim Rogers is on the same page as me LOL...as I have always said...2012 to 2013 thats when the currency crisis will hit :)
     
  4. DA60

    DA60 Banned

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    Are you saying that the American national debt can keep rising indefinitely and there will be no noticeable, negative affect to her?
     
  5. RtWngaFraud

    RtWngaFraud Banned

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    I'm hoping this whole 2012 end of times stuff is true. Otherwise the super wealthy win again.
     
  6. frodo

    frodo New Member

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    The economists I follow predict that the riots start in 2013 - when the average Joe discovers that no matter who he voted for in 2012, he is still permanently screwed.

    The very rich admire the Russian mafia - they stole the best bits of the old Soviet empire for themselves. That's what all the "Social security is broken" stuff is about "privatising it", and why the USPS is under attack; Fedex and UPS would like to buy it.
     
  7. DA60

    DA60 Banned

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    Which economists do you follow?
     
  8. BleedingHeadKen

    BleedingHeadKen Well-Known Member Past Donor

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    That it's not like personal debt doesn't mean that significant government debt spending doesn't make us worse off.
     
  9. HB Surfer

    HB Surfer Well-Known Member Past Donor

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    How about if the tax payer gets to spend the money instead?

    Who is more efficient and spends it better... those who earn it or those who seize it?

    The impact is much greater if the money does not get "filtered" through an authoritarian centralized government. It is much more effective if spent on a local level.
     
  10. Gator Monroe

    Gator Monroe Banned

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    You Dazzel-ing Urbanites better re-think your "Stay Put" plans as opposed to "Bugging out" .:-D
     
  11. akphidelt2007

    akphidelt2007 New Member Past Donor

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    As long as output keeps pace with spending than yes, the national debt could go to infinity with out any negative affect on the economy.
     
  12. akphidelt2007

    akphidelt2007 New Member Past Donor

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    Taxes don't pay for debt.
     
  13. Daybreaker

    Daybreaker Well-Known Member

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    Stockpile toilet paper!
     
  14. Cigar

    Cigar Well-Known Member Past Donor

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    Oh No ... Not the End of The World ..... Again!
    :-D
     
  15. Dan40

    Dan40 New Member

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    You might as well give it up. Some people are so far disassociated with reality and so deep into a fantasy world that there is no hope of reaching them.

    http://usdebt.kleptocracy.us/
     
  16. akphidelt2007

    akphidelt2007 New Member Past Donor

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    Please explain to me when is the debt due and why?

    [​IMG]
     
  17. Gator Monroe

    Gator Monroe Banned

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    When the Food stops going to SOME areas it may get bad.:gun::shamrock:
     
  18. algranny

    algranny New Member

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    Yes, if is not as if someone is going to bail out the U.S. unless it is the taxpayers. For those who are considering this debt unimportant, please explain who will pay it.
     
  19. akphidelt2007

    akphidelt2007 New Member Past Donor

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    Over a third of the debt matures every year. So obviously it's getting paid with out the need for taxes.
     
  20. algranny

    algranny New Member

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    How is this debt getting paid if not by taxes, or cuts to the spending? Does it just magically appear, or disappear? The funds obviously come from somewhere! Please explain and provide link if possible.
     
  21. Dan40

    Dan40 New Member

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    The debt is over $15 trillion. A third of that is $5 trillion. Since the total take of the government, and the debt IS government debt not private sector debt, is less than 1/6th of the debt,,,,,,,,,,,,,,,,,How does 1/3 get paid??

    FM?
     
  22. akphidelt2007

    akphidelt2007 New Member Past Donor

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    By issuing more debt.
     
  23. Albert Di Salvo

    Albert Di Salvo New Member

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    Who will buy the debt? The Greater Fool Theory always ends up running out of fools.

    America has run into the Second Law of Thermodynamics. Sooner or later everything runs out of steam.
     
  24. akphidelt2007

    akphidelt2007 New Member Past Donor

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    Banks... there will never be a shortage of buyers for Govt debt.
     
  25. perdidochas

    perdidochas Well-Known Member

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    Fedex and UPS would not want to buy the USPS. Daily postal service is a major money loser.
     

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