TheGrunt Posted September 18, 2011 Share Posted September 18, 2011 There's a 'Monster' in the room and nobody seems to notice. No. It's not me. I'm referring to the Debt Wall. There is a limited amount of money that all governments can borrow and, if we don't cut deficits adequately, we will hit the Debt Wall. Based on calculations, the World's debt obligations (or debt wall index) continues to skyrocket, and the World will hit the debt wall in 286 days from today. We have a global economy that relies on world economies to meet their debt obligations for everything to run smoothly. So, Huddlers, any guesses as to what will happen when all governments max out on debt and its obligations exceed what global economies can produce? Quote Link to comment Share on other sites More sharing options...
TheGrunt Posted September 18, 2011 Author Share Posted September 18, 2011 By the way - I just signed up for two years of the finest fantasy football insider info here at The Huddle. I've been gone for some time, hiding in the shadows like a ninja, but after realizing my fantasy team sucked without The Huddle... I'm back! Quote Link to comment Share on other sites More sharing options...
SheikYerbuti Posted September 18, 2011 Share Posted September 18, 2011 So, Huddlers, any guesses as to what will happen when all governments max out on debt and its obligations exceed what global economies can produce? It'll be like Y2K, SARS, Mad Cow Disease, and killer bees all wrapped up in one. . .times a million. Quote Link to comment Share on other sites More sharing options...
bushwacked Posted September 18, 2011 Share Posted September 18, 2011 It won't be long now. Quote Link to comment Share on other sites More sharing options...
bpwallace49 Posted September 18, 2011 Share Posted September 18, 2011 Then why did you sign up for a two year membership? Quote Link to comment Share on other sites More sharing options...
TheGrunt Posted September 18, 2011 Author Share Posted September 18, 2011 Then why did you sign up for a two year membership? Because inflation will make next year subscriptions cost more? I guess I didn't think about that... Quote Link to comment Share on other sites More sharing options...
Chavez Posted September 18, 2011 Share Posted September 18, 2011 We have a global economy that relies on world economies to meet their debt obligations for everything to run smoothly. So, Huddlers, any guesses as to what will happen when all governments max out on debt and its obligations exceed what global economies can produce? Those extending the debt will forgive some % of the obligations so as not to cause the global economy to go teats up and make EVERYONE broke. This isn't rocket surgery, junior. Quote Link to comment Share on other sites More sharing options...
Big John Posted September 18, 2011 Share Posted September 18, 2011 This isn't rocket surgery, junior. Operation on Rocket Ismail? Quote Link to comment Share on other sites More sharing options...
TheGrunt Posted September 18, 2011 Author Share Posted September 18, 2011 I like the latter? Quote Link to comment Share on other sites More sharing options...
JoJoTheWebToedBoy Posted September 19, 2011 Share Posted September 19, 2011 Reset..... Quote Link to comment Share on other sites More sharing options...
TheGrunt Posted September 19, 2011 Author Share Posted September 19, 2011 Those extending the debt will forgive some % of the obligations so as not to cause the global economy to go teats up and make EVERYONE broke. This isn't rocket surgery, junior. Perfect. Perhaps out of kindness they will just "forgive some % of the obligations." What's money anyway? It's only paper. We can always print more too, to pay off the debt. Quote Link to comment Share on other sites More sharing options...
Chavez Posted September 19, 2011 Share Posted September 19, 2011 Perfect. Perhaps out of kindness they will just "forgive some % of the obligations." Kindness? WFT is kindness? More like self-preservation. Quote Link to comment Share on other sites More sharing options...
wiegie Posted September 19, 2011 Share Posted September 19, 2011 If there were something about the economy that would keep me awake at night worrying, this would not be it. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted September 19, 2011 Share Posted September 19, 2011 By the way - I just signed up for two years of more panic-ridden chain emails from lunatics. Fixed Quote Link to comment Share on other sites More sharing options...
cliaz Posted September 19, 2011 Share Posted September 19, 2011 By the way - I just signed up for two years of the finest fantasy football insider info here at The Huddle. I've been gone for some time, hiding in the shadows like a ninja, but after realizing my fantasy team sucked without The Huddle... I'm back! I've been wondering where the frack you have been hiding. Welcome Brack!!!!!!!!!!!! Quote Link to comment Share on other sites More sharing options...
TheGrunt Posted September 19, 2011 Author Share Posted September 19, 2011 I've been wondering where the frack you have been hiding. Welcome Brack!!!!!!!!!!!! Quote Link to comment Share on other sites More sharing options...
TheGrunt Posted September 19, 2011 Author Share Posted September 19, 2011 Kindness? WFT is kindness? More like self-preservation. What would happen to the value of the U.S. Dollar and other world currencies if global debt collectors simply forgave some large % of the obligations? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.