Thread: American Deficit

Originally Posted by Mes Tarrant

Yeah sure we're all worried, but we still drive around our fancy cars and live in our miniature palaces, right? I think we (as middle-class-or-above individuals) will be fine.

In any case, people looooooove reading about drama and possible failures and all that stuff. I swear, the world around me is one huge ball of exaggeration.

Actually, if the Great Depression is any indication of what could happen, the richer you are the worse off you will be. This is because poor people are used to being poor, and basically have nothing to lose. So my 100 dollar savings is worth half as much now. Big deal. Rich people have more to lose, and have no idea how to cope with poverty.

Originally Posted by Xaqaria

Actually, if the Great Depression is any indication of what could happen, the richer you are the worse off you will be. This is because poor people are used to being poor, and basically have nothing to lose. So my 100 dollar savings is worth half as much now. Big deal. Rich people have more to lose, and have no idea how to cope with poverty.

The more you start out with, the better off you will be. That will always be true. Rich people start out without debt and with more material goods. Poor people do have things to lose--their home, their car, etc. The stock market is not everything, if that's what you mean by your $100 being worth half as much; the same is true if you mean because of inflation.

Originally Posted by Moonbeam

The more you start out with, the better off you will be. That will always be true. Rich people start out without debt and with more material goods. Poor people do have things to lose--their home, their car, etc. The stock market is not everything, if that's what you mean by your $100 being worth half as much; the same is true if you mean because of inflation.

Well there is rich and then people who just think they are rich. People who live high end life styles but carry large amount of debt, often say they are rich but they are not. They are the ones who are really screwed.

Too bad.

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... *Invests*



(First time I have ever used the pbjt banana)

~

Originally Posted by Alric

Well there is rich and then people who just think they are rich. People who live high end life styles but carry large amount of debt, often say they are rich but they are not. They are the ones who are really screwed.

Yes of course. You're not rich if you have a lot of debt.

Anarchy will never set in, there will always be someone controlling people.

It happend in spain for awhile they set up Anarchy during the civil war for awhile.

But i know im using the wrong word, for me Anarchy and Chaos mean the same thing atleast i use them interchangeably...What i really meant was Chaos though.

Originally Posted by dragonoverlord

It happend in spain for awhile they set up Anarchy during the civil war for awhile.

But i know im using the wrong word, for me Anarchy and Chaos mean the same thing atleast i use them interchangeably...What i really meant was Chaos though.

Still, any form of social disorder is very temporary. Just look at the centuries around the collapse of the western Roman empire, when barbarian invasions totally destroyed the infrastructure of classical western civilization. It was everyone for themselves for a little while, then small groups of armed men would take control of settlements, in exchange for protection. Settlements would battle each other and territory was gained. Eventually whole regions would come under the control of warlords. Villagers and warriors would swear oaths of loyalty to these warlords and feudalism was born, leading to the kingdoms of the Middle Ages.

If society collapses now, small factions would band together eventually growing into brand new societies.