Lovebears65
Gold Member
- Apr 17, 2011
- 6,746
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1) They're being misled by people with bad motives: 2) They think it's far off in the future: 3) Crisis fatigue is rampant: 4) It's too confusing to comprehend: 5) It's painful to stop and easy to continue: 6) We still seem to be a rich country: and
7) They don't see how it will affect them:
Most Americans don't have the slightest clue how a default would change their lives for the worse. They don't understand that it would lead to another Depression, their life savings could become worthless almost overnight, their taxes would skyrocket, their standard of living would drastically decrease, Medicare and Social Security checks could stop, and we could have widespread disorder. In Greece, some government workers haven't been paid in months, government road projects are being abandoned, healthy businesses can't get credit, and medicine is in short supply. Unless something changes, Americans won't have to imagine what that will be like because we'll be living it soon enough.
I'll give an example. A few of years back i was buying up lots of gold coins, junk silver, etc... A co-worker happened to see some information on my desk regarding recent purchases (these happened to be mine stocks, not physical holding receipts) and was inquiring why I was buying gold. He went on to actually giggle a bit, saying that "your money is already backed by gold." Mind you, this individual is not a spring chicken. He just happens to be completely ignorant regarding monetary policy in the USA.
Until I informed him, he actually believed that our money was backed by gold. He was stunned when I infomred him our currency is fiat, albiet the reserve of the world... This type of thinking is not uncommon, abnormal or otherwise. There are millions of americans out there that have absolutely no clue about currency, money, and monetary policy.
The real reason is, most people think we can fix the problem by making sacrifices, but it's the other guy they think has to make those sacrifices.
The real reason is, most people think we can fix the problem by making sacrifices, but it's the other guy they think has to make those sacrifices.
Did he predict the crash years before it happened.
I did
How George Bush can get his approval rating back to 50 percent - John Hawkins - Page 1
this idiot sure didnt see it coming months before it happened.
I was warning you for years and my reward was nothing but scorn from you.
This man is nothing but a partisan idiot