Replies to post #23853 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[Montanore]

Do you think that America's creditors will let the USA just walk away from a US$ crash and burn?

Yes. It will happen one way or another. Either by default or by paying them back with paper that has been grossly devalued. (Inflation). The other way out is to tax Americans into poverty or sell off infrastructure as well as eliminating payments for social security and food stamps. That will cause great social unrest and revolution.

Of course, the gubmint is not going to cut military spending. Oh noooo...can't do that. The globalists want to continue to use the US military to bully others.

What a mess.

[eik]

What is America's most valuable asset that is used as a collateral by default? Nobody discusses this because we are in a "global economy" now... But the answer is: US military Force. Economic crises like current one have always been resolved with this collateral, when all other scenarios are played. Right now there is no other "assets" in the World that can compete with US "collateral". We should stop pretending that everything is fine and actually walk away before China exceeds US military power. And this is going to happen in several years. China is the only country in the World with competitive military buildup. Pretty soon everybody will stop laughing about Chinese "WalMart garbage". They will exceed American or European quality just like Japan has done in many cases. But, unlike Japan, they have no restrictions and don't need American "protection" service. I don't believe that Mankind can afford new global war. But at some point USA will have to stop acting like the only armed man in the block. We need to walk away before this happens. Better now...
IMO.