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The US gov't is the next bubble to burst

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The US gov't is the next bubble to burst

Unread postby seahorse » Thu 18 Sep 2008, 22:42:10

A poster on LATOC succinctly stated that the US gov't is the next bubble to burst. He/she is correct. Everyone has wondered what the next bubble would be. After the tech stock bubble burst, Greenspan rescued the US from recession by creating the housing bubble (flooding the markets with cheap credit). Everyone falsely believed they couldn't inflate their way out of this one, but as these bailouts show there is one last bubble to burst, and that is the bloated US gov't. When that bubble pops, all hell will break loose.

Its so obvious now with the bailouts, wars, unfunded liabilities etc of the US gov't's time is limited. Again, add these recent bailout liabilities to the warnings of David Walker, former head of the US GAO, and one can see that bubble will pop, sooner rather than later.
Last edited by Ferretlover on Fri 29 Jul 2011, 20:30:21, edited 1 time in total.
Reason: Merged thread.
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Re: The US gov't is the next bubble to burst

Unread postby Jotapay » Thu 18 Sep 2008, 22:49:16

That sounds like it could be fairly accurate.

Jesus, how do you prepare for a currency/government pop?
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Re: The US gov't is the next bubble to burst

Unread postby roccman » Thu 18 Sep 2008, 22:51:34

Not before war is privatized.
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
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Re: The US gov't is the next bubble to burst

Unread postby gandolf » Thu 18 Sep 2008, 22:54:11

Jotapay wrote:That sounds like it could be fairly accurate.

Jesus, how do you prepare for a currency/government pop?



Just sing the following to a suitable tune


If there should be financial collapse

No need for human cry

Just roll yourself into a ball

And kiss your arse goodbye
There never was much hope. Just a fool's hope.
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Re: The US gov't is the next bubble to burst

Unread postby Snowrunner » Thu 18 Sep 2008, 22:59:28

roccman wrote:Not before war is privatized.
Been hiding under a roc(k) these past few years, have we? ;)
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