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Your intuition based on your finances, does not apply at the scale of a country. Remember, they can just go to war to take what they want. It's not the same.
by ggggtez 9y ago
Your intuition based on your finances, does not apply at the scale of a country. Remember, they can just go to war to take what they want. It's not the same.
- ianai 9y agoIf anything, the debt solidifies the US position as the global currency standard. The US literally owes the world trillions of dollars. Exactly as if the rest of the world were requesting out currency for use.
- bryanrasmussen 9y agoIn the old joke when you owe the bank a million dollars the bank has a problem it's not noted that sometimes the bank decides not to let you owe it 2 million dollars as a way of mitigating the problem. At any rate the comment was regarding problems 20 years in the future. I don't know that the U.S will continue as the global currency standard for various reasons.
- ianai 9y agoUnless oil is no longer the chief source of energy. Ultimately I think the US may do fine for itself so long as it protects its natural resources and researches (to ultimately switch to) alternative energy.
- bryanrasmussen 9y agoI'm pretty sure I could steal food too, but it might not go as well as expected. And there is the problem of transporting one's ill-gotten gains. I mean I see your point, going to war to take what they want is going to be the preferred solution of some countries when things go bad but I also think for some reason that will actually make the situation worse instead of better.
- bryanrasmussen 9y agoI'm finding it funny sitting around thinking about all the different bad scenarios associated with climate change and then thinking ah but they can just go to war to take what they want instead of paying for it. Coastline shrinking, New York gone? go to war take some coastline from Canada and Old York from England!