View Poll Results: Which Nation Will Be the First to Default?

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  • United States

    7 38.89%
  • United Kingdom

    7 38.89%
  • Japan

    1 5.56%
  • Other

    3 16.67%
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Thread: Which Nation Will Be the First to Default?

  1. #1
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    Which Nation Will Be the First to Default?

    Which major nation do you think will default on its debt first. The US seems like a good bet, except all of the US debt is in US$ & the Fed can print as much money as it wants & use it to buy treasury bonds. THe US can defacto default by inflating (wiping out) its way out of debt. There are also several individual states - California for example - that are practically bankrupt in all but name.

    The United Kingdom is having major budgetary/deficit problems. Japan's national debt is already twice its GDP but the Japanese are big savers anyway. However Japan is heavily dependent on exports to the US. Several EU nations are also in trouble, especially the ones dependent on EU subsidies.

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    I think I'm right in saying there isn't a nation on the planet that's in credit - what a tribute to the money-lenders and their nicely rigged system!!

    However, it's all about when the debts are called in and the subtle game of interdependence. China could bankrupt the USA tomorrow if it wished, just by selling off its $ reserves, but then again it needs the USA to remain afloat as its biggest customer.

    I think it's anyone's guess who bombs first but the UK has to be a serious contender with debts that are growing exponentially and rising unemployment that's reducing tax receipts at the same time. We also have a public sector around 50% of the workforce and a pension system in total crisis so it's all going to fall apart sooner or later! I can certainly foresee a downgrade in our credit rating and a trip to the IMF in the near future (as in the 70's - Labour governments always end in tears!) and the only question is whether Greece or Spain go under before us

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    I'm actually voting UK on this - US has way too many tools to prolong the miserable state of its finances before the house of cards comes falling down.

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    United States vs. United States of America

    I sent you a thanks for the article, but to understand the outcome of what you are asking, you must first understand that the Country called "United States" is a fictional country created by the 14 amendment to give the newly released blacks a country that would give them a citizenship. They can never be a citizen of the United States of America, nor any state of the union.
    The "United States" is located in the ten miles squared which is Washington, D.C. In the past they have filed bankruptcy many times behind closed doors, and will do it again if they need to.
    England or Japan has never filed for Bankruptcy. The United States is the only country that can do so without future damage.

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    What about Greece? Athens is already on the brink of anarchy, and as far as I know its the EU country with the largest increase in debt per anno. Plus, trying to save one EU nation by inflating the currency would cause all others to tumble down with it. So I'd actually wager that the UK is the least likely European country to go bankrupt.

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    Quote Originally Posted by Godwinson View Post
    I think I'm right in saying there isn't a nation on the planet that's in credit - what a tribute to the money-lenders and their nicely rigged system!!

    However, it's all about when the debts are called in and the subtle game of interdependence.

    It just part of the plan. Just like the "great depression" was used to bring back the central bank,(i.e. the Fed), this is just in line to start the "New World Order".
    The coward believes he will live forever
    If he holds back in the battle,
    But in old age he shall have no peace
    Though spears have spared his limbs

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    China- In the 1970's Japan was producing most of worlds cheap throw away goods. Then the global industrialist found a cheaper place to have these goods made as Japan increased it lifestyle. When the lifestyle in China has increased to a point that it is no longer profitable to make goods there the industrialist will pack up and start someplace else.

    These global industrialist are the same ones that create wars, poverty and the rise and fall of worthless paper money. They are responsible for multiculturalism, socialism, feminism, and a whole host of other crimes.

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    I was going to vote, but i really only know enough about the situation in the UK to give an opinion on. Where is a good place to read up on this stuff?
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    I recommend this one ... http://www.marketoracle.co.uk/

    It deals with world economics and there are some very good, non-mainstream articles on there!

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