What happens to a country that has enormous debt and politicians that refuse to stop compounding the debt?
Hillarys lovehandles asked:
What if a country doesn’t have a federal reserve that can keep printing money and setting interest rates.What if that country has a Debt salesman like the Federal reserve but the Fed Chief has lost its Zing with the customers?
What if a country doesn’t have a federal reserve that can keep printing money and setting interest rates.What if that country has a Debt salesman like the Federal reserve but the Fed Chief has lost its Zing with the customers?
Tags: Enormous Debt, Money Rates, Zing
December 25th, 2009 at 6:14 pm
the constituents get angry and vote the incompetent fools out,
here we come 2010 & 2012! before obama becomes a dictator.
December 27th, 2009 at 8:40 pm
They go hungry
December 28th, 2009 at 4:50 am
Then next election they vote Republican and really get into a mess. Let’s face it kid, we’re doomed.
December 30th, 2009 at 11:22 pm
It eventually becomes a third world country.
January 2nd, 2010 at 5:35 pm
Such politicians would be shot for high treason or hanged by thin wire and heavy weights for such a crime. dn
January 5th, 2010 at 1:06 pm
America economy is going to fail soon poverty will be ramped everyone will be hungery.
Murder will be at and all time high.
January 6th, 2010 at 2:02 am
visit britain and see for yourself.in fact buy it on e-bay for £30 .
January 8th, 2010 at 8:27 am
Refer to the “Decline (1999-Present)” section. Hyperinflation is not something to toy with. Even if it wouldn’t get that bad in the US, do you really want to take the risk that it might? I sure don’t.
January 10th, 2010 at 7:39 am
Oh, its financial system collapses, and the money becomes worthless, then the government comes up with a new kind of currency, perhaps strictly electronic and may require all to carry a chip in their hand to ensure that fraud will not happen, or, possibly what the Holy Bible refers to as, the mark of the beast!
January 11th, 2010 at 9:39 am
Nothing. Economy will recover, hysteria will go away, Obama will be re-elected for a second term and repuke idots will continue their idiotic whining…LOL
January 13th, 2010 at 2:06 am
stay tuned…we are about to find out.
January 14th, 2010 at 7:23 am
The money becomes worthless.
January 16th, 2010 at 11:21 pm
When they are cold in the winter they stop pretending that limiting carbon dioxide in the environment will save them.
When they are hungry they ask why the government purchased millions of pounds of ham for twice the market rate.
When they are homeless they wonder why their political leaders demonized the banks that could have given them loans.
When they have no car, they ask “Why did we destroy the “clunkers?”
They are angry.
January 17th, 2010 at 11:59 am
learn to speak Chinese…..
January 18th, 2010 at 10:47 am
If your a Democrat or a Republican, nothing mather if the country is broke! If the Government was a Business it would be a poorly run business and would not be worth investing into.
January 19th, 2010 at 10:16 pm
If a country doesn’t have a central bank, it can’t inflate the currency, the people’s money won’t become worth less and less, and interest rates would fluctuate with supply and demand just as they should.
The Fed has been exposed as the fraud that it is and if the Fed Chief isn’t careful, he’s going to loose more than just his zing.
The US attempted central banking very early on and abandoned it for the very reasons we should now. Between the closing of the Second Bank of the US in 1836, and the creation of the Federal Reserve Bank of the US in 1913, the US experienced few and relatively shallow economic downturns. Since 1913, we experienced “THE” Great Depression, and several smaller depressions, (We decided to call those recessions so they don’t sound as scary.), and the current financial crises.
January 22nd, 2010 at 7:43 pm
It becomes the country with the skinniest population and the fattest politicians