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+--- Thread: Is the USA on the verge of financial and social collapse? (/thread-7967.html)
Is the USA on the verge of financial and social collapse? - JP - 10-13-2012 02:26 AM
The media seems to be hiding we are in a Global Depression which has been orchestrated by The New World Order Mafia to cause a major crisis which has already happened in Europe (food shortage, riots, melt-down of markets).
- SDD - 10-13-2012 02:34 AM
They've been hiding it behind the three consecutive quarters of GDP growth we just finished. How devilishly clever of them.
- Spotty J - 10-13-2012 02:34 AM
Yep, that darned New World Order Mafia.
- Paul - 10-13-2012 02:34 AM
The U.S., ever since we were taken off the Gold Standard in the early 70's, has based its monetary supply on its GDP (Gross Domestic Product)- in other words what we have as economic activity that we can measure (making things, service industry, etc.). The dollar today is valued at .04 compared to the dollar of 1928. That being said, if we continue to have a downward spiral of employment, combined with a continued Trade deficit, we will wake up and find that the dollar has started an inflationary spin that will soon make the dollar worthless. When these issues hit, social programs will not be paid for which means that the lower socio-economic strata of society will be desperate, causing widespread unrest and civil disobedience. It would depend on many factors whether social collapse would occur, although I would predict a stronger Federal government with more limits on the freedoms that the citizenry enjoy. We will always have a government, whether it is one we would now recognize is another story.