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USA will crash with a bang, not a whimper

Discussion in 'Politics, Elections & Legislation' started by mrskeet410, Sep 13, 2011.

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  1. mrskeet410

    mrskeet410 TS Member

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    So says Indiana Governor Mitch Daniels. Alas, he said he won't run for the presidency. But he wrote a book. A review of his book says in part:

    "You might suppose that a political book, appearing less than six months after Indiana Gov. Mitch Daniels indicated that he would not run for president, must have been written as a campaign prop. But that's not Daniels' style. "Keeping the Republic" is a deadly serious, though frequently witty, effort to lay before the American people the perilous state of the nation.

    Be prepared — the first few pages of Chapter 2 can turn your blood to ice. America's decline, Daniels writes, may not be a gradual slide, but instead a sudden plunge into chaos. Sketching what a financial collapse could look like if we fail to control our debt, he writes, "Monday, 6 a.m.— a Chinese official issues a statement saying that China will no longer be buying Treasury securities because 'we see no evidence that the U.S. will take the steps necessary to grow its economy or limit its spending so it can afford to repay' . . . Monday 9:30 a.m. — the dollar drops 10 percent . . . New York stock market opens in free fall . . . Monday afternoon — . . . other nations' central banks begin to sell off U.S. Treasuries."

    It continues that way, with runs on banks, the dollar spiraling down, the Dow Jones crashing, Organization of Petroleum Exporting Countries, OPEC, denominating oil in something other than dollars, long gas lines, buying panics for necessities like food, shortages of consumer goods, and finally civil unrest and martial law..."

    **************************

    Use the link to read the review.
     
  2. mrskeet410

    mrskeet410 TS Member

    Joined:
    Jan 29, 1998
    Messages:
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    So says Indiana Governor Mitch Daniels. Alas, he said he won't run for the presidency. But he wrote a book. A review of his book says in part:

    "You might suppose that a political book, appearing less than six months after Indiana Gov. Mitch Daniels indicated that he would not run for president, must have been written as a campaign prop. But that's not Daniels' style. "Keeping the Republic" is a deadly serious, though frequently witty, effort to lay before the American people the perilous state of the nation.

    Be prepared — the first few pages of Chapter 2 can turn your blood to ice. America's decline, Daniels writes, may not be a gradual slide, but instead a sudden plunge into chaos. Sketching what a financial collapse could look like if we fail to control our debt, he writes, "Monday, 6 a.m.— a Chinese official issues a statement saying that China will no longer be buying Treasury securities because 'we see no evidence that the U.S. will take the steps necessary to grow its economy or limit its spending so it can afford to repay' . . . Monday 9:30 a.m. — the dollar drops 10 percent . . . New York stock market opens in free fall . . . Monday afternoon — . . . other nations' central banks begin to sell off U.S. Treasuries."

    It continues that way, with runs on banks, the dollar spiraling down, the Dow Jones crashing, Organization of Petroleum Exporting Countries, OPEC, denominating oil in something other than dollars, long gas lines, buying panics for necessities like food, shortages of consumer goods, and finally civil unrest and martial law..."

    **************************

    Use the link to read the review.
     
  3. birdogs

    birdogs TS Member

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    Obama in 2012! Only he can save us. His hope and change is the answer. It's George Bush's fault!
     
  4. birdogs

    birdogs TS Member

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    Obama in 2012! Only he can save us. His hope and change is the answer. It's George Bush's fault!
     
  5. mrskeet410

    mrskeet410 TS Member

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  6. mrskeet410

    mrskeet410 TS Member

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  7. shot410ga

    shot410ga Well-Known Member

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    Me.........
     
  8. shot410ga

    shot410ga Well-Known Member

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    Me.........
     
  9. rpeerless

    rpeerless Well-Known Member

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    Sarah Palin. She has clarity of purpose, good insight and she is beyond wise...but will she run?
     
  10. rpeerless

    rpeerless Well-Known Member

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    Sarah Palin. She has clarity of purpose, good insight and she is beyond wise...but will she run?
     
  11. mrskeet410

    mrskeet410 TS Member

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  12. mrskeet410

    mrskeet410 TS Member

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  13. halfmile

    halfmile Well-Known Member

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  14. halfmile

    halfmile Well-Known Member

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  15. davidjayuden

    davidjayuden Well-Known Member

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    HM:
    I do hate to feed the troll, but in this case I can hardly disagree. We are one serious terrorist attack, one rotten financial revelation, one flu epidemic, etc, away from more that just another bad day on wall street. Don't know what and certainly don't know when or how far it will devolve, but it is beginning to feel like the ice is getting very thin beneath our feet.
    dju
     
  16. davidjayuden

    davidjayuden Well-Known Member

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    HM:
    I do hate to feed the troll, but in this case I can hardly disagree. We are one serious terrorist attack, one rotten financial revelation, one flu epidemic, etc, away from more that just another bad day on wall street. Don't know what and certainly don't know when or how far it will devolve, but it is beginning to feel like the ice is getting very thin beneath our feet.
    dju
     
  17. SeldomShoots

    SeldomShoots Active Member

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    I cannot disagree with dju's post. I think we have all the ingredients for the perfect storm of a financial meltdown. Its just a question of when they will all combine at once.

    John E.
     
  18. SeldomShoots

    SeldomShoots Active Member

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    I cannot disagree with dju's post. I think we have all the ingredients for the perfect storm of a financial meltdown. Its just a question of when they will all combine at once.

    John E.
     
  19. timberfaller

    timberfaller Well-Known Member

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    As long as we tolerate communist making decisions in DC concerning our future, YES we will crash with a Bang!!

    They like to call themselves "progressives" but in reality and "history" they are in ideology, socialist/communist.

    If you have attended any government controlled schools(last 15 years), held any public job, you've been told that you are expected to be "tolerate" of everything and everybody!

    Except a Christ centered view of life.

    I went back to government school when I was 46, IT was in EVERY class I took !!
     
  20. timberfaller

    timberfaller Well-Known Member

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    As long as we tolerate communist making decisions in DC concerning our future, YES we will crash with a Bang!!

    They like to call themselves "progressives" but in reality and "history" they are in ideology, socialist/communist.

    If you have attended any government controlled schools(last 15 years), held any public job, you've been told that you are expected to be "tolerate" of everything and everybody!

    Except a Christ centered view of life.

    I went back to government school when I was 46, IT was in EVERY class I took !!
     
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