you who think the US dollar will collapse

Discussion in 'Politics' started by billwald, Nov 16, 2010.

  1. billwald

    billwald
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  2. blackbird

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    I believe its just a matter of time before the US "folds" on its borrowed money from China and China begins to "call in" their loans----next thing you know China's equivalent to our "Repo Ray" will come visit

    I mean, I'm dumb on this but what happens when we DO fold---whats China's "ChinaMan" gonna do about nonpayment??

    :tonofbricks:
     
  3. targus

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    You need to first understand Bill Wald's position on the borrowing.

    He has no problem with it.

    He would have the government simply sell off government owned land to whoever.

    In his view China could take Yellowstone Park as payment on the debt.
     
  4. blackbird

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    I'm being serious about this and thinking along the same lines as you, Mister T

    Lets just say---ChinaMan comes over----"You no pay back loan--very bad!! Me take YellowStone and Grand Canyon--come back for rest later!"

    So it happens----China is now proud owners of YellowStone, Grand Canyon and Old Faithful(to boot)----could they then annex these properties as part of China itself??
     
  5. targus

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    I don't think that would be the case.

    Foreign countries already own property in the U.S.

    Bill Wald proposes that the government could sell land - to U.S. investors or foreign countries to raise money to pay back debt.

    IMO we have already mortgaged enough of our children's and grandchildren's future as it is - we don't now need to sell of our national assets and leave them nothing but debt.
     
  6. glfredrick

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    We will likely make a deal, like getting out of Asia and allowing China to annex most of that land, for instance. Or get out of the Middle East and allow China access to most of the world's oil supply for another example.

    There is always a political deal that can be cut, but many down through the ages have tried that tactic and they have mostly paid the price in the eventual loss of national sovereignty.
     
  7. billwald

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    I believe that Ron Paul was the first to propose selling "national" land to pay off the national debt.

    I propose using national land (parks and monuments exempt) to resolve the "40 acres and a mule" promise made to slaves by Union General (forget his name.) I propose that any person who claims to have slave ancestors AND has filed a tax return that claims dependents be issued 40 acres and the cash equivalent of a "walk behind" tractor.

    The major cost would be surveying and laying out roads. This would greatly stimulate the economy. Land for homesteading would become available at a very low cost. New counties could be created.

    Say the SBC was to obtain several sections of land and incorporate it as a religious commune/gated community. You could make laws banning drinking alcohol and whatever.
     
  8. glfredrick

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    That is one of the silliest ideas EVAR... Ron Paul or not.

    I can just imagine a 21st century version of the Cuban missile crisis in Wyoming... :BangHead:
     
  9. matt wade

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    OK..let's figure this out billwald.

    US population = 300,000,000
    Percentage Black = 13%
    Black population = 39,000,000
    Divide that by 5 to make a household = 7,800,000
    Times 40 to figure how much land = 312,000,000 acres

    Total US acres = 2,428,224,640

    Percent of land the US has to give = 12.8%

    So, you think we should just give away 12.8 percent of the total land in the US? Yeah, good luck with that buddy.
     
  10. targus

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    You need to adjust your numbers a bit.

    He said - "person who claims to have slave ancestors" no "households".

    So your 12.8% becomes 64%

    Oh - don't forget about the 39,000,000 mules. :smilewinkgrin:
     
  11. matt wade

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    Well, you know I gave him the benefit of the doubt. He did say "slave ancestors AND has filed a tax return that claims dependents", so that's why I went with households :).
     
  12. targus

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    I missed that little detail.

    I wonder why he had those particular conditions for receiving the payout?

    What does having kids have to do with it?

    Either one was wronged and deserves compensation for it or one was not.
     
    #12 targus, Nov 17, 2010
    Last edited by a moderator: Nov 17, 2010
  13. matt wade

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    I agree...I can't follow billwald logic either ;).
     
  14. billwald

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    The promise was to male slaves who would fight for the north, not women and children.
     
  15. targus

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    Still doesn't explain your requirement for dependents or the requirement to file an income tax return.

    You mean I can't get my forty acres and a mule if I don't make enough money hit the filing threshold?

    Or did you just start typing again without thinking first?
     
    #15 targus, Nov 17, 2010
    Last edited by a moderator: Nov 17, 2010
  16. billwald

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    So that felons in prison couldn't file, OK with you?
     
  17. poncho

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    Then ChinaMan would have a problem. The United Nations has control over our national treasures.

    That's why they're known as "world heritage sites" now.
     
  18. billwald

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    Never happen that way. China will simply stop rolling over the Treasury notes. US will inflate and pay off with cheap money before defaulting.
     
  19. poncho

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    Look at the bright side billwald the money changers will come out on top, again.
     
  20. blackbird

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    OK--------I see how it works

    Along the same lines as post-WWI and the victors(France, Belgium & Co)---not really gaining that much Real Estate-----FORCE Germany to make restitution in form of cash payments for the cost of the war which forced Germany into super hyperinflation----the loser was forced to pay all costs

    German lady carrying basket full of Deutch Marks on the streets of Berlin---she is attacked by thieves who throw the Marks on the ground and take the basket!!!

    Just as Germany was WWI's "Loser"-----WE, too, in a different sort of way!!
     

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