Chile Forum

Dollar hit 607 this weekend.. Obviously the Fiat Gods are not listening to my prayers for a steady 650+ peso to the dollar exchange.

I shake my head at what is happening in the States.

Does anyone have a handle on sticking our workers and future generations in the US with a debt bill for a further $9.7 trillion dollars? Can anyone even count to just ONE trillion?

And people want to focus on and argue about change and the noble fairy tale qualities of the new USA administration.

Blind is blind.

If you haven't taken an insurance or defensive position in gold ... and think your USA based pension will always be there ... well ...

Agreed, and this week should be interesting.

Not gold, but sheep, plums, apples, cherries, seeds & tools. They should count for something in a pinch.

Putenio wrote:. . . . sheep, plums, apples, cherries, seeds & tools. . . .

All appeal to me.

i remember when numbers like 9.7 tirillion was used as a measure to the closest solar system. now its used for how much money they are going to take in taxes from me. um not good. heard an example of the bail out money...is equivellent to spending 1 million dollars a day from the time of Christ to now. scary...do the math...its right. Reason why they can dole out that much cash....its not there. it's a lie. America has no money. the World bought into a lie and allowed america to get fat on it. Wimpy from Popeye ring a bell? "I'll gladly pay you Tuesday for a Hamburger today". Theory on the Casino's being built in Chile. Waiting for the influx of American's fleeing America while trying to live the American Dream. America loves a good Casino...makes the dream bigger.

The largest pyramid scam in history.

What do you think a U.S. collapse would look like in today's world? I mean a sort of Argentina type American economic implosion. Who would get hurt? Who would pay for it? I don't think it would look like the great depression. No, something more sinister.

Something like all the developing countries that are holding American currency, debt, etc would get reset 20 years. China goes back to being China, India goes back to being India. A 100 million people a month are put back under the poverty line. The developing world is forced to write off American debt or die, so is the developed world. The World hits the U.S. debt reset button as the dollar collapses, because their currencies become worthless also. The EU comes apart in a "every country for itself" mentality. The U.S. goes super protectionist. The developing world tries to retaliate, but because the U.S. and EU are the major consumers, they have to just go along for the ride. The U.S. walks away from the mess the loan economic super power for the rest of the century, as the rest of the World struggles to recover by fighting amongst themselves and the U.S. sets one against the other and declares victory where it sees fit.

Well that is the science fiction. wait a second. I think we already did that once, at about the same time early in the last century.

have a look at the national debt clock:
http://www.brillig.com/debt_clock/

Do you think they would allow me to pay my share and walk free? I could pay my families debt off...but its the rest of the country i'm having trouble with. I like your "Sinister" remark. its the reason why i'm even on this forum. I believe your right.

I know that things are really getting bad in the states now: my parents are no longer telling me to come home and asking why I'd rather live in Santiago

Even Buffalo, NY, my hometown, is starting to feel the pinch. The area is always so depressed and half-dead that the ups and downs rarely effect it. House prices haven't hardly moved... but now the few jobs that are there are disappearing, which means the crisis is hitting deeper. I think all of this is going to have a very interesting impact on businesses and how business gets done... from what I'm reading huge numbers of formerly employed professionals are now freelancing, something dubbed the "Gigeconomy" is emerging, where college-educated, web-based independent workers are making 50-75k a year... maybe the big corporate HQs and all of that will become more a thing of the past as technology and need are combining to form a whole new way of doing business. One thing is for sure, people can't rely on cushy jobs anymore, you need to go out there and make it happen yourself, using the tools you have.

I dont think this will be as bad for the world as the last major depressions. The world is much more unified and I honestly think when the U.S collapses, there wont be that empty hole for long, a bunch of countries will cover it.

gregf wrote:I know that things are really getting bad in the states now: my parents are no longer telling me to come home and asking why I'd rather live in Santiago

Don't have to roll your eyes because ever since late summer USA season time, I've had an interesting expanding list of former work colleagues to high school classmates contacting me out of the blue via LinkedIn. This has accelerated in the past month. And during my last trip around T'Giving, I sense family members seem to have a more open attitude towards what I've been doing for the past half decade. I even told my Mom that if things get real bad, she might have to leave and move in to the departamento with me here in Chile. People are in fact waking up and looking outwards and many are placing their last domestic USA hope on Obama whether realistic or not.

eeuunikkeiexpat wrote: I've had an interesting expanding list of former work colleagues to high school classmates contacting me out of the blue via LinkedIn. This has accelerated in the past month. And during my last trip around T'Giving, I sense family members seem to have a more open attitude towards what I've been doing for the past half decade. I even told my Mom that if things get real bad, she might have to leave and move in to the departamento with me here in Chile. People are in fact waking up and looking outwards and many are placing their last domestic USA hope on Obama whether realistic or not.

Ditto. We have the motherinlaw cabin ready.