Gov't waste that the Tea Party won't touch.

[theVOID]

Their main objection to the spending was the fascism, mandated insurance, the cost was a close second.

Every party wants to cut spending on defense to an extent, Dems by $60 bil, Republicans by $80 bil and the Libertarians want to half it.

If you have to spend money, cutting defense by $60 billion to fund healthcare is a sensible shift in funding.

[reverendjeremiah]

[Minimalist]

Some people genuinely give a shit about the looming debt crisis and collapse of the US dollar:

But most of the rich cocksuckers merely see it as an opportunity to fuck the poor and expand their own agenda.

Not event the Rich can profit from a dollar that plummets in value, they stand to lose the bulk of their wealth.

Void, my dear friend....sometimes you can be so engagingly naive!

[Anomalocaris]

Some people genuinely give a shit about the looming debt crisis and collapse of the US dollar:

But most of the rich cocksuckers merely see it as an opportunity to fuck the poor and expand their own agenda.

Not event the Rich can profit from a dollar that plummets in value, they stand to lose the bulk of their wealth.

It is those living in the US whose assets are tied to where they live and whose normal living expenditures accounts for bulk of their income who are most inextricably doomed to suffer the consequences of plummet in value of dollar. They really can not hedge against a fall in dollar and are mostly helpless victims. They represent most of the working class.

If you are not a member of the working class, and large parts of your income is disposible and much of your asset can be freely invested overseas, then you can hedge against a fall in dollar. If you don't, then you deserve to eat turnips for the rest of your life if you lose your wealth in a dollar collapse.

[downbeatplumb]

Us brits dont even have one aircraft carrier anymore.

[Anomalocaris]

Us brits dont even have one aircraft carrier anymore.

You will soon have two that are bigger than anything you've ever had before, bigger than anything ever had by anyone other than the USN, for that matter. For a small country 6th or 7th down in the ranking of world economy, you are, if anything, grossly overarmed.

[theVOID]

It is those living in the US whose assets are tied to where they live and whose normal living expenditures accounts for bulk of their income who are most inextricably doomed to suffer the consequences of plummet in value of dollar. They really can not hedge against a fall in dollar and are mostly helpless victims. They represent most of the working class.

They can only secure so much of their wealth in commodities, foreign stocks and other currencies, the two biggest asshats, the investment bankers and stock brokers are essentially fucked, nobody is going to want to buy the US dollar.

Investments in foreign currencies is also going to not prevent, but limit, the liabilities. People are still going to lose a ton of value, especially so far as China, Japan, Australia, Europe and the other countries that hold hundreds of billions of dollars US are concerned. Their US holdings make up a significant portion of their reserves, anything that loses in value comes directly out of their economy.

And that is without considering the loss of confidence in currency that could quite likely cause a global currency crisis, and if that happens the stock markets globally are in a world of trouble, which means businesses will stop getting investments, struggling companies will fail, tons of jobs will be lost etc.

Then comes the part that hurts all of the working class; The nil value of currency means the ability of people to purchase what they need is effected, products like Corn, Oil etc will skyrocket in value as people keep bidding up the prices to secure their wealth.

If you are not a member of the working class, and large parts of your income is disposable and much of your asset can be freely invested overseas, then you can hedge against a fall in dollar. If you don't, then you deserve to eat turnips for the rest of your life if you lose your wealth in a dollar collapse.

You can hedge fuck all against a collapse in the global reserve, every action leads to other problems, panics, bidding up prices etc. Nobody is going to make money off it, the best anyone can do is limit the amount of damage that they take.

Void, my dear friend....sometimes you can be so engagingly naive!

Nobody benefits from the world's financial backbone collapsing, everyone will lose wealth, the only question is "how much?". Best bet is to buy commodities with your savings, but that still comes with hefty losses, not to mention makes them unsellable as they get rapidly priced out of reach.

And for someone who thinks the Libertarians are a problem because they want to cut all your handouts you've got a starkly contradictory complaint here when they're trying to avert a currency collapse. If it was so fucking profitable they'd be right up there with the Dems trying to extend the debt ceiling.

If the dollar collapses it will be bad for EVERYONE, most of all the lower and middle classes. Yet these Libertarians are trying to stop it? Must be some part of their evil agenda to personally fuck you over, right Min?

[Ashendant]

A devaluing currency tends to increase exports

That's why the german had a industrial boom during the sovereign debt crysis, the euro is overvalued anyway

[theVOID]

[Anomalocaris]