It is possible for countries to go bankrupt - the best example is the old Soviet Union, in the late 1980s. The result is violence and chaos and a lot of looting and criminality...
I reckon they're just about as far off with the crimigration issue, as well.
Reporting on the hundreds or a thousand deported occasionally won't make a dent when 8k-10k/day were arriving over a nearly four-year period. Every day.
Do you judge that we as a Nation will be able to survive the economics? I suspect it would be a global-type crash, where each nation-state may be expected to help themselves if it were to happen. Not much hope for that white knight. "Muricans would be severely tested.
The benefits being handed out to the immigrants - or anyone else - won't be there any more. And we'll have a credit crunch worse than 2008-2012, so businesses won't be able to borrow money to expand - it will be a "cash"-based economy. Adjustable rate mortgages will go sky-high, leading to a rise in foreclosures - if the banks are stupid enough to do that, because they'll end up insolvent, with a portfolio of unsaleable real estate. As for worldwide effects, because of globalization, it will tank the Chinese economy, which is already in trouble. I think countries like Argentina would come out on top, Milei having taken the steps needed to avert disaster... That might be a good topic for another post - it was predicted towards the end of the last credit crunch about 15 years ago, that we'd have another one down the road. We're here... I'd expect that states which are not dependent on Federal outlays would just secede, states that could become food- and energy-independent, with less predatory governments. California under the current regime would be finished, and New York City and its environs would be, too, although the rest would be pretty much OK.
I like how "cash" is in quotes. Could just as easily put "eggs" or "radial tires" or "5.56 rounds" in quotes, too. I'd feel a lot better off with a pile of good tires and a means to secure them than with a pile of gold in the described scenario. I think you have a lot of topics for new posts in this one paragraph; I wouldn't even know where to start. Banks will foreclose; it's what banks do, because banks are just banks, neither stupid nor smart. If they don't the government will confiscate when the owners default on property taxes. Venture capitalists (globalists) will ultimately acquire all of the real estate at a discount. I'd be much interested in a realistic secession model; even a state or cluster of states that could sustain themselves (start with North Dakota and go straight to the southern border) would be decades away from self-sufficiency under optimal conditions even if they could defend their own borders militarily. Muricans will be severely tested, and it's not a test we are prepared for.
Where would the venture capitalists get their "money" from - and what would it be? And if you can grow your own food, you're self-sufficient. Cities would not be but rural areas are already that way - the primitive Amish would be a model.
Amish can be a model for surviving an extended period during widespread economic hardship, I agree, but they would have to be left alone. We live in a society that's not all that good about leaving people alone, and that's likely to get worse. It's also not the same as seceding as a functioning state.
You'd be surprised how polite things can get when most people over the age of 13 are armed with lethal weapons - that was my experience in Over the Rhine in Cincinnati in 1990-1991, it was exceedingly polite - and peaceful, except for the occasional duel. It was controlled by the Crips and there was no street crime, it was totally safe to walk home at two in the morning. Police did not enter after sunset, or before sunrise. If the person you're interacting with is armed, you'll either learn to let them alone or you'll end up dead.
As far as "functioning state" it depends on your definition - what do you mean?
I don't expect you would have been extended the same courtesies in 1990 had the locals been cold and hungry. They are probably also resourceful enough to venture outside of Cinci, perhaps looking for a well-stocked Amish community when they become desperate. Not everyone with a gun is going to be polite when they have nothing to lose. Like most of the rest of us here, the Amish have benefitted from the mutual relationship between peace and prosperity that defined the second half of the 20th century in much of the USA.
The most familiar secession is probably that of the Confederacy. The region functioned as a state, not as scattered tribes in the wilderness. The Amish in, say, Iowa cannot just say they are no longer part of Iowa or the USA any more than a neighborhood in a city can do that (Chaz). The reservations are as close to that as you get.
I believe as many people do that the Federal Reserve was trying to crash the economy. President Trump is reversing the Federal Reserve policies. He is replacing tax income with tariffs and oil sales. It is also important that the very expensive climate scam is done for. The mission is to transition from one economic system to another. The new system won't be based on debt as the current system is. That is why the Western Globalist hegemon is upset about the advent of Donald Trump's Golden Age agenda. Because it will dismantle the rules-based international order. They have been ruling the world for 80 years. We have seen the beginnings of a sovereign alliance of nations. It will be rocky for awhile but we are moving toward a commonsense approach to international trade and sovereignty.
I'm 77, on SS & Medicare, I scripted & saved after I had to start over at 52, strange state uncompleted college degree, sick with an undiagnosable condition, no recent work history, no family, in a strange state. Lived beneath my means, bought business clothes on Ebay, drove a 13 year-old car, lived in a low-class senior condo. Worked like a dog, and did well. I worked an extra 2 years so I could meet Medicare costs. No debt. And guess what... I can DO MATH!
Been telling my peers that SS & Medicare aren't sustainable
No one cares ... All I hear are people my age clamoring for "more $$". Never bothered to save $$, plan for post- retirement costs, & are broke. AND unwilling to go back to work! Just "gimmee mom money", as if it grows on trees. I've suggested communal housing amongst friends, maybe 4 women together, take in a boarderother solutions, to no avail. THEY DONT WANT TO HEAR IT. They have no skills. I can sew, garden, build things (I have lots of tools). Home is paid for, with a MIL suite for rent. Solar electric & water heat, $10/mo. for water, $25/mo. property taxes, $10 propane.Next door guy raises chickens, I'll raise rabbits. $25/mo. for meds. I think I'll be OK. SO glad my mom was a Depression Baby.
Upcoming times will be awful. And no one my age is looking ahead. Appalling.
Illuminating post, streamfortyseven
I reckon they're just about as far off with the crimigration issue, as well.
Reporting on the hundreds or a thousand deported occasionally won't make a dent when 8k-10k/day were arriving over a nearly four-year period. Every day.
Do you judge that we as a Nation will be able to survive the economics? I suspect it would be a global-type crash, where each nation-state may be expected to help themselves if it were to happen. Not much hope for that white knight. "Muricans would be severely tested.
Onward, Christian soldiers!
The benefits being handed out to the immigrants - or anyone else - won't be there any more. And we'll have a credit crunch worse than 2008-2012, so businesses won't be able to borrow money to expand - it will be a "cash"-based economy. Adjustable rate mortgages will go sky-high, leading to a rise in foreclosures - if the banks are stupid enough to do that, because they'll end up insolvent, with a portfolio of unsaleable real estate. As for worldwide effects, because of globalization, it will tank the Chinese economy, which is already in trouble. I think countries like Argentina would come out on top, Milei having taken the steps needed to avert disaster... That might be a good topic for another post - it was predicted towards the end of the last credit crunch about 15 years ago, that we'd have another one down the road. We're here... I'd expect that states which are not dependent on Federal outlays would just secede, states that could become food- and energy-independent, with less predatory governments. California under the current regime would be finished, and New York City and its environs would be, too, although the rest would be pretty much OK.
I like how "cash" is in quotes. Could just as easily put "eggs" or "radial tires" or "5.56 rounds" in quotes, too. I'd feel a lot better off with a pile of good tires and a means to secure them than with a pile of gold in the described scenario. I think you have a lot of topics for new posts in this one paragraph; I wouldn't even know where to start. Banks will foreclose; it's what banks do, because banks are just banks, neither stupid nor smart. If they don't the government will confiscate when the owners default on property taxes. Venture capitalists (globalists) will ultimately acquire all of the real estate at a discount. I'd be much interested in a realistic secession model; even a state or cluster of states that could sustain themselves (start with North Dakota and go straight to the southern border) would be decades away from self-sufficiency under optimal conditions even if they could defend their own borders militarily. Muricans will be severely tested, and it's not a test we are prepared for.
Where would the venture capitalists get their "money" from - and what would it be? And if you can grow your own food, you're self-sufficient. Cities would not be but rural areas are already that way - the primitive Amish would be a model.
The Amish are looking like a model for nearly everything lately.
What better death knell for vaccine regimens than a revue of the Amish' health records (self-kept, of course).
I believe that may be my choice in A.I......"Amish Intelligence".
Onward, Christian soldiers!
Amish can be a model for surviving an extended period during widespread economic hardship, I agree, but they would have to be left alone. We live in a society that's not all that good about leaving people alone, and that's likely to get worse. It's also not the same as seceding as a functioning state.
You'd be surprised how polite things can get when most people over the age of 13 are armed with lethal weapons - that was my experience in Over the Rhine in Cincinnati in 1990-1991, it was exceedingly polite - and peaceful, except for the occasional duel. It was controlled by the Crips and there was no street crime, it was totally safe to walk home at two in the morning. Police did not enter after sunset, or before sunrise. If the person you're interacting with is armed, you'll either learn to let them alone or you'll end up dead.
As far as "functioning state" it depends on your definition - what do you mean?
I don't expect you would have been extended the same courtesies in 1990 had the locals been cold and hungry. They are probably also resourceful enough to venture outside of Cinci, perhaps looking for a well-stocked Amish community when they become desperate. Not everyone with a gun is going to be polite when they have nothing to lose. Like most of the rest of us here, the Amish have benefitted from the mutual relationship between peace and prosperity that defined the second half of the 20th century in much of the USA.
The most familiar secession is probably that of the Confederacy. The region functioned as a state, not as scattered tribes in the wilderness. The Amish in, say, Iowa cannot just say they are no longer part of Iowa or the USA any more than a neighborhood in a city can do that (Chaz). The reservations are as close to that as you get.
I believe as many people do that the Federal Reserve was trying to crash the economy. President Trump is reversing the Federal Reserve policies. He is replacing tax income with tariffs and oil sales. It is also important that the very expensive climate scam is done for. The mission is to transition from one economic system to another. The new system won't be based on debt as the current system is. That is why the Western Globalist hegemon is upset about the advent of Donald Trump's Golden Age agenda. Because it will dismantle the rules-based international order. They have been ruling the world for 80 years. We have seen the beginnings of a sovereign alliance of nations. It will be rocky for awhile but we are moving toward a commonsense approach to international trade and sovereignty.
I'm 77, on SS & Medicare, I scripted & saved after I had to start over at 52, strange state uncompleted college degree, sick with an undiagnosable condition, no recent work history, no family, in a strange state. Lived beneath my means, bought business clothes on Ebay, drove a 13 year-old car, lived in a low-class senior condo. Worked like a dog, and did well. I worked an extra 2 years so I could meet Medicare costs. No debt. And guess what... I can DO MATH!
Been telling my peers that SS & Medicare aren't sustainable
No one cares ... All I hear are people my age clamoring for "more $$". Never bothered to save $$, plan for post- retirement costs, & are broke. AND unwilling to go back to work! Just "gimmee mom money", as if it grows on trees. I've suggested communal housing amongst friends, maybe 4 women together, take in a boarderother solutions, to no avail. THEY DONT WANT TO HEAR IT. They have no skills. I can sew, garden, build things (I have lots of tools). Home is paid for, with a MIL suite for rent. Solar electric & water heat, $10/mo. for water, $25/mo. property taxes, $10 propane.Next door guy raises chickens, I'll raise rabbits. $25/mo. for meds. I think I'll be OK. SO glad my mom was a Depression Baby.
Upcoming times will be awful. And no one my age is looking ahead. Appalling.