Nothing good would come from it compared to preventing it but with all political parties spending us ever deeper in debt it becomes more likely.
If there is a coming collapse it'll be more at the federal government level because they can't pay for all this crap than at a level where it'll really effect big business that much long term. It would effect the middle and lower classes big time though.
First of all, theres no way to know unless it happens
Of course it wouldnt be good for us now but you cant say this would be a bad thing for future generations if it sparked some sort of change for the better, Its hard to say that it would but there is simply no way to know that
If youre looking at the big picture, I'd say its definitely possible
Ask Russia how that worked out for them
Hoping that a collapse and the repercussions of that will lead us to something better is what is simple minded. That's like making the case for communism because it 'could' lead to something better and it looks really good on paper.
Nope, but nice try. putting words in other peoples mouths is a sure way to make your case
All I was saying was that it is possible that a collapse could lead to better things in the future, so to answer the op's question with an absolute no is just simple minded.
Did you even read my posts before responding?
I never said anything about hoping for anything. All i was saying is that its possible that if it happened that it could turn out to be a good thing in the future. There is no way to know unless it happens(I hope it doesnt).
The point i was trying to get across in my first post was that it's just arrogant ignorance and simple minded to think you know the answer to the op's question, because no one does.
Cub, I think we're kinda on the same page here
I think its highly unlikely that a collapse would end up being a good thing looking back on the whole situation, but I do understand the fact that there is no way to know for sure how things will turn out in the future no matter how likely the predicted outcome is.
Europe has basically had most of their economies collapse in recent years which is why we've had certain uprisings in various countries over the last few years. Yet we haven't seen war enter the minds of a single European Country. You want to know why? Because it would mean spending more and taxing more and killing it's own citizens and other citizens instead of really solving the problems they have.
The outcomes are never good for virtually all.
Sometimes great wars where many million come out of the desperation of a collapse.
If we go down so does the rest of the world.
In the environment of economic collapsed we have seen some of the world’s greatest tyrants emerges as false saviors.
Furthermore we don’t want an economic collapse with what we have in the White House right now.
Knowing the story of the Weimar Republic and what it set the stage for should be enough to educate any wise person by enough to know that wanting an economic collapse of any type is honestly as extremely stupid as it can get!
The actual collapse will only happen when probably China decides to go away from the US as it's reserve currency, which it's already setting up to do. It's set up currency trade agreements with Russia, Brazil, UAE, Turkey, Japan, and Australia in the last couple of years. My guess is that people will simply move to China as the world's currency reserve when the US spends itself into oblivion. And it'll happen a lot faster than most realize.
Ok miss cleo
Read post #12 and you'll understand my perspective
Im talking about the big picture, not just the few years after such an event
Who said they wanted an economic collapse? the guy in the video?
i didnt watch it
We are talking about an economic collapse and there are reasonable ways to know…
The rest of my post was not really directed at you, hence the separate paragraph.
Last edited by OU48A; January 27th, 2013 at 03:04 PM.
If the economy collapsed it would make the "Greatest Recession Since the Depression" look like a thriving economy...
It would be a world wide recession...if not depression...
15% unemployment, if not worse...
More bankruptcies than sand grains on Waikiki beach
It would cripple the economy for a decade or more...
Nobody in their right mind would want to live through this
My fear is that the slight tax rate increases along with probably heavy spending cuts will have us walking the tightrope of another mild recession....and if we have another mild recession we won't have revenue streams available to slow the debt's relentless climb...
We don't want a recession....much less a collapse...
Of course the immediate effects would be bad, but im not talking about that.
I'm saying thats its possible that if it happens it could end up being seen as a good thing many years from now, maybe a turning point or something. i would say that its unlikely but to say its not possible is insane.
I already went over all this shit earlier in the thread
There is a possibility that it could be looked at in a good light...but the loss of economic and citizen confidence would make it unbelievably costly...
Because this would very seriously impact the entire developed world it would be a very long time (decades) before anything resembling good was seen.
China is far from collapse. The US is a lot closer to collapse than China. Now is China doing everything right? Hell no, but they are arguably the best economy in the world right now if you look at the real numbers.
I never specifically said how long it would take for it to be seen in a good light, I clearly stated it would be a long time before it could possibly be seen as a good thing
Would the gilded age have been possible without the civil war?
Would the greatest generation have existed if not for the Great Depression?
Like Twain, the rumors of the death of our economy have been greatly exaggerated.
Those who don't learn from history are doomed to repeat it ...
It’s smart to learn from other society’s mistakes, they offer us a reasonable picture of what we could face in the event of an economic collapse.
There is a way to reasonably know most of the major consequences without it happening.
Whoa. Ummm...Money or Currency =/= Economy.
Seems nobody in this discussion is making that fundamental distinction in this discussion. Currency is only one factor among many in the economy.
But to address currency first: No other currency is poised to take the reigns in the foreseeable future ........ UNLESS American businesses and people lose faith in their own currency. It's the only threat the $ really faces. But unfortunately, based on to whom we owe most of our debt (That would be, well, us), it's the most likely of any entity to call bullshit. How likely? I'm not sure. If the American lower class can't eat and the American middle class loses everything they have, then the $ is done. If that happens, that will lead to a collapse of every currency in the 1st and 2nd worlds, and a major restructuring of government.
Oh...and don't discount the amount of influence the American Military has on global faith in the $.
The $ has, without question, no less than 10 years to remain the world's reserve currency...And while a lot can change in 10 years, I honestly don't see that changing for the next 25...anything past that is not really foreseeable.
As for the Economy, assuming some sort of currency collapse takes place...Businesses need only to find a new currency to work with that will make the trading of their goods feasible in the long run. Yes, of course there would be breakdowns at first and production would take a major hit...but localized currency would emerge quickly and would, over time, repeat the same broadening that it did over the least 250 years.
I think people would be surprised at how diversified the resources are in today's age than they were even 100 years ago. A currency collapse would ultimately, over time, cost the über-über-wealthy the most as it has been the main way for them to retain resources and refuse them to the lower classes.
I have no debt and a wonderful garden.
There is no way that the US could make it through an economic collapse in our current welfare state. Although I think it inevitable at some point in the near future if we continue down the path we're on right now. It's not about politics anymore it's about simple math. What would happen if the people living off of the government currently were cut off overnight? What would happen if today's "poor"(which most have iPhones, flat screens, etc...) went back to 1930's poor (dirt floor, no food) overnight? What would happen to the crime rate? Murder rate? What would happen when 25% to 30% of the current jobs dried up? What happens when the largest employer (Federal government - 4.4 million employees) can't pay their employees anymore? All I have to say is you better have a plan and lots of ammo!
For the most part, people can only accrue desired resources by use of the $. Their skill set, however, is not valued enough by the $ to merit using their skill set to acquire more $s and thereby resources. The problem for the "welfare state" is not that they're entirely incompetent, it's that they are smart enough to realize that "Shit, I can get A,B,C paid for by the Gov't and do nothing all the while OR I can work my ass off 50 hours a week, pay for A,B,C and if I'm really really diligent I can maybe save up for D". That's a lot of work for not a lot of reward...Better to not work and save yourself the grief.
And while a currency collapse would certainly lead to major inefficiencies in the market, the market is not going to just stop working. Sure, the metropolitan areas are going to struggle for a bit, because they're going to need to reestablish efficiency...but wholesale, prolonged chaos is probably not reality. Farmers will still grow food, truck drivers will still deliver food, and grocery stores will still stock food. This goes for any market. The actual usage of products and services will suffer, which is definitely an actual hit to the economy, but an economic collapse means people just give up and stop producing or serving at all...that is highly unlikely.
Was the Holocaust a good thing?