24and7
Member
That is gonna mean more of our treasure given away and our spec ops involvement…The want to see how NK performs in battle against our troops and tech.. The Brits too..
| CURRENT EVENTS Trump elected as the 47th President: The transition ...
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XXL TideFan
I honestly wish Putin would smoke that shithole.
24and7
Member
Unfortunately they are going to inject our troops there… they are aching to fight with the North Korean troops, to study their effect & tendencies…. We are unfamiliar with them, on the battlefield… no one has really fought them
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XXL TideFan
It wouldn’t be a fight if allowed to fight like they mean it. American ground pounders are or were hard to beat.
24and7
Member
I just want out of that crap…We are so close to WW3.. but they are gonna make sure it happens..
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XXL TideFan
You can't just repudiate debt held by some holders and not others. I'm sure you know this. General obligation. There is more U.S. debt in money market mutual funds than held by China. More held by state and local governments. More held in pension funds. More held in U.S. banks. Six times as much held through intragovernmental accounts, such as what social security has on deposit/investment to draw from for payments, or what the FDIC has invested with the government to cover bank failures.
So, this will not happen, but if the U.S. were to repudiate its obligations, borrowing costs would skyrocket. Who would trust a scofflaw?
No one would ever see a single digit mortgage again. Ever.
The dollar would plummet, and inflation would exceed twenty percent.
Because of dollar instability, foreign investment (currently a quarter trillion a year and over six trillion total) would reverse.
No Federal stimulus would be available to address the depression that would follow.
Social Security and disability payments would be severely curtailed.
Pension funds would curtail payments, and those that failed would not have a government backdrop.
International courts would sanction foreign entities to seize U.S. and U.S. citizens' assets abroad, including military assets. As the third largest nation holding U.S. debt (behind Japan and China), Luxembourg would have quite the navy.
I know some of you believe we'd be better served to not project ourselves internationally, but if you think the evil nations of the world are emboldened today, it would look passive compared to what would take place:
Certainties:
Taiwan falls.
South Korea falls.
Ukraine would be the start of a march through the Baltics, combined with the collapse of NATO.
Atrocities in Africa - they already abound - would vault to horrible levels.
Likely:
A detonation of a nuclear device in the Middle East, either by a despotic Iran or a desperate Israel.
Russian use of nuclear devices.
Other than that, it sounds like a great idea.
!!
TerryP
Staff
There's a PAC, supporting Harris, that's running an ad I've caught a few times over the last few days concerning your vote; sort of.
The gist of the commercial runs along these lines...it's done in a computer engineered voice.
Yes, your vote is private and no one will know how you vote on election day. BUT, did you know it's a matter of public record? Did you know your friends and family will be able to look and see if you voted and who you voted for?
What's the point of that message?
TerryP
Staff
