Why The US Is Doomed, And The Debt Ceiling “Crisis” Is Irrelevant

1 Aug

One chart from the New York Times explains why it no longer matters what US politicians decide to do about raising their debt ceiling even higher:

Exponential rise = unsustainable bubble.

Whether now, or later, the US economy is doomed.

7 Responses to “Why The US Is Doomed, And The Debt Ceiling “Crisis” Is Irrelevant”

  1. Oliver K. Manuel August 1, 2011 at 12:07 pm #

    Regretfully, this seems to be the history of events that brought us here:

    Click to access 20110722_Climategate_Roots.pdf


    With kind regards,
    Oliver K. Manuel
    Former NASA Principal
    Investigator for Apollo

  2. Barry White August 1, 2011 at 1:46 pm #

    And people are worried about global warming ?
    Where are you Nero, who has your fiddle ?

    Global warming fades out in the blaze of zero growth and contraction.

    • Oliver K. Manuel August 1, 2011 at 2:12 pm #

      It may have been planned since ~1985, or perhaps as far back as 1972.

      Since 1972 it has been difficult to publish the results of observations and measurements that contradict the SSM (standard solar model) of the Sun as a stable hydrogen-fusion reactor.

      More detailed comments are available on:

      • JMD August 1, 2011 at 3:29 pm #

        Are you an astronomer Mr Manuel?

        I don’t doubt you that the SSM is wrong or that it is being used to justify global warming but to be honest I find the link between a fear of nuclear annihilation & global warming conspiracy tenuous at best.

        The ‘conspiracy’ is much closer to home & much less complicated. The US government defaulted on its financial obligations 40 years ago & with the assistance of governments all over the globe has been writing dud cheques ever since.

        Carbon credit is an outgrowth of this, as is MBS, ABCP, CDO’s, financial engineering of all kinds…….. all essentially worthless.

        The situation cannot last forever though.

      • JMD August 1, 2011 at 3:58 pm #

        I’ll rephrase that,

        …… all essentially worthless, just like the US dollar but with the ‘backing’ of governments everywhere, bound to inflate into a bubble of unprecedented proportions.

        And I’ll add;

        The Great Depression was a credit crisis of unimaginable magnitude, a result of unpayable war debt & rampant currency inflation through the 1920’s to ‘cover’ these debts. The situation would now seem even more extreme.

  3. Look up August 1, 2011 at 2:18 pm #

    Although the US debt issue will have an impact on Australia, China’s is the one to watch.

    When China goes ‘pop’ Australia will follow.

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