If The Global Debt Bubble Bursts, What Will Happen?
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JackSparrow
Elite Member
- Mar 24, 2007
- 1,527
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China will become the new USA in global power terms!!
Roparadise
BANNED
- May 25, 2011
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I think the Russian Federation will surpass both China and India soon,they have better leaders and they are also a tax haven which China and India are not
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StartupBros
Regular Member
- May 16, 2009
- 244
- 124
I will continue making money either way 
RightInTwo
Power Member
- Feb 23, 2010
- 744
- 389
I agree with Clade. First of all, I dont think the debt bubble will burst. The USA will be fine. The media wants you to think the world is going to blow up because, well, it makes good news and people will watch.
havingadabble
Regular Member
- Jul 2, 2010
- 228
- 362
It ain't gonna happen - these types of crisis cycles have been going on forever and each time there's a huge boom economy built out of it. Subsequently that generates more wealth for the experienced wealthy folk and bankrupts alot of the noobs who jump in at the last minute thinking all their Christmas' have come at once.
Defo Middle Eastern and Far Eastern Nations as the next superpowers though - the western world as we know it is finished.
Defo Middle Eastern and Far Eastern Nations as the next superpowers though - the western world as we know it is finished.
keinehabe
Supreme Member
- Nov 4, 2008
- 1,207
- 476
to makes things clear for OP ... ( and for you all who don't know maybe ) ...
How money's are printed ? - simple answer , each country (* except usa !!! ) use their national gold treasures to cover the value of the currency printed by that country ... ( example Bulgaria , east european country , few years back had a huge fallback with their national currency , just because the national bank returned for particular peoples [ part of gold worth ] the gold confiscated when communism come to power there , same happened in romania and all ex-communism countries ) ... So the currency it's actually the value of the gold at the time given held by the national bank of this country ... like a deposit / thesaurus .
USA , in other hand use similar structure of issuing moneys , BUT , the president have one more way to bring '' extra '' money's in their economy , they actually can print money '' per se '' with no actual coverage in gold thesaurus , it's enough an '' loan '' from the congress house , it's actually looking like the congress guarantee for the presidential administration , sometime soon they will actually get that gold to be put into thesaurus . Yes that's only on usa possible ! and that's why usa economy can survive to such '' bubble ''
What happens when the economy bubble will go , it's easy , quite easy to anticipate lol , happened before few times on history , funny thing is from usa started too that situation , see '' Panic of 1837 '' , '' Panic of 1907 '' ... why this happens then and why happens on modern times ? it's easy to understand at the end of the day , american economy it's '' consumer economy '' based , more - it's not an economy created on historical - natural rich economy , like UK , germany , france , spain and others have ... american economy it's based on excessive consume of resources ( natural and financial ones ) ...
In modern times , peoples should be more aware about what they can get by their own , not what they can get on '' credit '' , like when you are buying products and services not with your own money , with moneys what you will eventually get in the future in hope to repay your debts ... And yes , if you heard rummors or you didn't know , current ( last few years of instability of global economy ) have at the origin arab countries , practically leaders of producing natural gas and oil , if you ask how and why they manage to produce such damage is easy , americans keep always for their intern use billions of gallons of liquid fuel for their economy ( they have confirmed reserves ) , but they don't produce enough oil from their soil ! , so they have to import , from where ? easy .. from arab countries ...
already I made a huge post lol I know ....
What will happens when '' bubble '' go ? will be easy to predict , real estate market will grow like used to grow between 1960-2000 , the consume of services and imported products on usa will grow like usual , and everyone MUST pay taxes in order to cover everything ...
Ask yourself some questions , with what money they build cities in desert like Dubai ? and is not only one ... they work on several similar projects what costs maybe hundreds of billions from where they took that money's ? from desert ? damn it there is not growing even 1 piece of grass lol ...
Later edit : yeah ... we aren't in 1920 by any chance did you checked how '' money '' was made before 1920 ? ... yep my friend you guess , same way like today , nothing was change in last 2000 years , since the roman empire , and yes they made their curency same like now , well they didn't used to have fancy notes , go to any museum on europe and see , we have historical dates , moneys like coins made from different materials exist since bronze era ....
And few more rows , for everyone curiosity , did you know Japan is only country from the world what know on history a period of negative inflation ? Seriously it's true lol ... actually inflation is defined when money from the economy it's '' not enough '' in short words ... well , just like a curiosity for everyone , Japan knows a period of 2-3 years I think ( if I`m not work I must chk ) ... when they actually had negative inflation ... how they manage to have this ? guess !!!
How money's are printed ? - simple answer , each country (* except usa !!! ) use their national gold treasures to cover the value of the currency printed by that country ... ( example Bulgaria , east european country , few years back had a huge fallback with their national currency , just because the national bank returned for particular peoples [ part of gold worth ] the gold confiscated when communism come to power there , same happened in romania and all ex-communism countries ) ... So the currency it's actually the value of the gold at the time given held by the national bank of this country ... like a deposit / thesaurus .
USA , in other hand use similar structure of issuing moneys , BUT , the president have one more way to bring '' extra '' money's in their economy , they actually can print money '' per se '' with no actual coverage in gold thesaurus , it's enough an '' loan '' from the congress house , it's actually looking like the congress guarantee for the presidential administration , sometime soon they will actually get that gold to be put into thesaurus . Yes that's only on usa possible ! and that's why usa economy can survive to such '' bubble ''
What happens when the economy bubble will go , it's easy , quite easy to anticipate lol , happened before few times on history , funny thing is from usa started too that situation , see '' Panic of 1837 '' , '' Panic of 1907 ''
... why this happens then and why happens on modern times ? it's easy to understand at the end of the day , american economy it's '' consumer economy '' based , more - it's not an economy created on historical - natural rich economy , like UK , germany , france , spain and others have ... american economy it's based on excessive consume of resources ( natural and financial ones ) ...In modern times , peoples should be more aware about what they can get by their own , not what they can get on '' credit '' , like when you are buying products and services not with your own money , with moneys what you will eventually get in the future in hope to repay your debts ... And yes , if you heard rummors or you didn't know , current ( last few years of instability of global economy ) have at the origin arab countries , practically leaders of producing natural gas and oil , if you ask how and why they manage to produce such damage is easy , americans keep always for their intern use billions of gallons of liquid fuel for their economy ( they have confirmed reserves ) , but they don't produce enough oil from their soil ! , so they have to import , from where ? easy .. from arab countries ...
already I made a huge post lol I know
.... What will happens when '' bubble '' go ? will be easy to predict , real estate market will grow like used to grow between 1960-2000 , the consume of services and imported products on usa will grow like usual , and everyone MUST pay taxes in order to cover everything ...
Ask yourself some questions , with what money they build cities in desert like Dubai ? and is not only one ... they work on several similar projects what costs maybe hundreds of billions
from where they took that money's ? from desert ? damn it there is not growing even 1 piece of grass lol ...Later edit : yeah ... we aren't in 1920
by any chance did you checked how '' money '' was made before 1920 ? ... yep my friend you guess , same way like today , nothing was change in last 2000 years , since the roman empire , and yes they made their curency same like now , well they didn't used to have fancy notes , go to any museum on europe and see , we have historical dates , moneys like coins made from different materials exist since bronze era .... And few more rows , for everyone curiosity , did you know Japan is only country from the world what know on history a period of negative inflation ? Seriously it's true lol ... actually inflation is defined when money from the economy it's '' not enough '' in short words ... well , just like a curiosity for everyone , Japan knows a period of 2-3 years I think ( if I`m not work I must chk ) ... when they actually had negative inflation
... how they manage to have this ? guess !!!
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Mises
Junior Member
- Jan 11, 2010
- 110
- 51
As others have said, everyone won't default and everyone won't crash. Why? Everyone has to put their value somewhere. That doesn't mean some won't feel losses, etc. because they most definitely will, but just as someone always has.
Edit: The post before mine is wrong. It isn't 1920 anymore- the world is no longer on a gold standard for the most part. It is a dollar (USD) standard (that is really what is coming to an end if things keep going as they are).
Edit: The post before mine is wrong. It isn't 1920 anymore- the world is no longer on a gold standard for the most part. It is a dollar (USD) standard (that is really what is coming to an end if things keep going as they are).
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unknownassailant
Newbie
- Sep 11, 2010
- 21
- 5
One of two things will happen: Prices will drop, or your money will be worth much less.
It will probably be the latter, since the central banks will continue to print money to give the illusion of solvency.
It will probably be the latter, since the central banks will continue to print money to give the illusion of solvency.
srb888
Elite Member
- Jul 30, 2008
- 3,304
- 5,290
I think USA is playing on China's nerves with those "rumors"! China thinks it can bring down USA but they are still babies while USA is a master at the games China is playing. USA will never let a "red" country overtake it.
Whatever internal problems USA is facing, it can still find solutions to its problems.With a seemingly "weak" USA, China will use military options in its neighborhood sooner than later, and USA needs that scenario to sell its "high-tech military gadgets" to every one concerned. This alone will fill its treasury and create jobs.
Whatever internal problems USA is facing, it can still find solutions to its problems.With a seemingly "weak" USA, China will use military options in its neighborhood sooner than later, and USA needs that scenario to sell its "high-tech military gadgets" to every one concerned. This alone will fill its treasury and create jobs.
keinehabe
Supreme Member
- Nov 4, 2008
- 1,207
- 476
and USA needs that scenario to sell its "high-tech military gadgets" to every one concerned. This alone will fill its treasury and create jobs.
hard to believe they will ever make such mistakes , if their military power will go on hands of middle east countries , well in that case we really have to pray for !!! ...or maybe they will sell outdated assets just to get rid of worthless garbage lol , actually they try to sell 2 years ago few old fight airplanes to romanian government at the price of new ones lol
)
TNphoneman
Senior Member
- Dec 15, 2010
- 1,177
- 695
I go Hunting and fishing.... Never gonna be without here. Oh wait, already do.
srb888
Elite Member
- Jul 30, 2008
- 3,304
- 5,290
hard to believe they will ever make such mistakes , if their military power will go on hands of middle east countries , well in that case we really have to pray for !!! ...or maybe they will sell outdated assets just to get rid of worthless garbage lol , actually they try to sell 2 years ago few old fight airplanes to romanian government at the price of new ones lol
They (US) are still doing that -- selling "outdated (to the rest of the world)" technology as new, because that "old" is still very new to others. F16 -- when were they first made? Outside the US and NATO, there are still no answers to F15, F16, etc. and the US is already using future-generation stealth, satellite, and very-far-advanced mind-controlled technology in war machines. So they have a huge surplus of "garbage" technology which is very advanced to the rest... get rid of those and make way for the latest and go on inventing more advanced "gadgets" .
To do that, you need wars or war-like situations.No, I don't believe USA is managed by bad managers -- I think they are really playing for very high stakes ATM.
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SyZygy
Senior Member
- Dec 29, 2009
- 864
- 1,086
All the .com, .net, .info, .biz and other domains will be taken by BHW members and we will make a bunch of articles, SEO the sites and make a lot of money from adsense and cpa offers.
And not to mention the t-shirt business that will just bloom in that whole story.
That's how it will end
srb888
Elite Member
- Jul 30, 2008
- 3,304
- 5,290
So the moral is, whatever is going on with the Dollar it still will survive and rise, so be BHers and use (not misuse) the opportunities that arise out of such global situations.
You can go for the T-Shirt business while the brave(est) will trade currencies.
Class Dismiss... Get Back To Work!
You can go for the T-Shirt business while the brave(est) will trade currencies.
Class Dismiss... Get Back To Work!
Roparadise
BANNED
- May 25, 2011
- 784
- 1,422
hard to believe they will ever make such mistakes , if their military power will go on hands of middle east countries , well in that case we really have to pray for !!! ...or maybe they will sell outdated assets just to get rid of worthless garbage lol , actually they try to sell 2 years ago few old fight airplanes to romanian government at the price of new ones lol
It was earlier this year,because I remember reading that on Romania-insider. They were trying to con the Romanian gov't out of something like $2 billion. Romania isn't going to war with anyone soon,the worst threat is some terrorists from Ghadfi,and you use police work and intelligence agencies to catch them and that doesn't require a fighter jet.
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jaehou2dal
Newbie
- Apr 19, 2011
- 31
- 4
I dont think that the debt bubble will destroy the whole world. Period.
ThePacketeer
Regular Member
- Sep 19, 2010
- 373
- 354
I like the first part of the movie Zeitgeist Addendum where they explain how money in the US works. I don't know how accurate this movie is though, never verified it for myself.
You can find it for free on youtube
You can find it for free on youtube