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View Poll Results: When will the U.S Economy collapse?
2011 2 6.06%
2012 4 12.12%
Within the next 5 years 12 36.36%
Never 15 45.45%
Voters: 33. You may not vote on this poll

 
 
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Old 30-01-11   #1
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When Will the U.S Economy Collapse? - Place Your Bet Here



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Ok, So I am quite sure that if things keep going the way they are (and Im quite sure they will) then the U.S economy will collapse in 2011-2012.

If you have any prediction to make about this then do put it in this thread.

Among my predictions:

1. The U.S economy will collapse and go into deep depression. Hyperinflation will set in the U.S economy.
2. Some of the European economies will go down with the U.S, Japan will do badly for a small period but then recover.
3. The U.S dollar will become completely worthless and lose its status as the worlds reserve currency.
4. The Chinese Yuan will become the worlds reserve currency along with gold.
5. China will become the new world superpower.
6. There wont be an iPhone 6/7 for Apple because they couldn't learn to operate outside the U.S.
7. The U.S becomes a third world country, we will see Americans driving taxis in other countries.

Do let us know of your thoughts/predictions.
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Old 30-01-11   #2
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Re: When Will the U.S Economy Collapse? - Place Your Bet Here

Intel will start roadside hawking shops to sell of their "high" end processors to get money.
You can bargain.
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Old 30-01-11   #3
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Re: When Will the U.S Economy Collapse? - Place Your Bet Here

Lol. Lame.
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Old 30-01-11   #4
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Re: When Will the U.S Economy Collapse? - Place Your Bet Here

considering the things they are doing and the actions they are taking it wont be long enough for the US economy to collapse maybe next 5 years but i would like to employ a US citizen to do my household chores that would be a nice revenge for the things they are doing now to indian students
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Old 30-01-11   #5
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Re: When Will the U.S Economy Collapse? - Place Your Bet Here

Originally Posted by Xeo View Post
Intel will start roadside hawking shops to sell of their "high" end processors to get money.
You can bargain.
I think demand will fall in the U.S but demand (as U.S cant afford these) will pick up in other countries esp China, so Intel will still have good sales. But yes initially there should be big fall in the prices of things. Some of Intels big fab plants are in the U.S, so they should benefit from this.
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Old 30-01-11   #6
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Re: When Will the U.S Economy Collapse? - Place Your Bet Here

Originally Posted by Xeo View Post
Intel will start roadside hawking shops to sell of their "high" end processors to get money.
You can bargain.
lol it will be like lelo xeon lelo
sirf 100 rupaye
customer : bhaya kya baat kar rhe ho 70 ka dena hai toh do warna chodo
sirf 100 ka khula nhi
customer : acha chalo ek i7 2600K bi de do
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Old 30-01-11   #7
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Re: When Will the U.S Economy Collapse? - Place Your Bet Here

^lol
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Old 30-01-11   #8
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Re: When Will the U.S Economy Collapse? - Place Your Bet Here

ROFLCOPTER

I will buy 20 iPhone 4s [as there will be no next gen of it ]
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Old 30-01-11   #9
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Re: When Will the U.S Economy Collapse? - Place Your Bet Here

@Scorpy: Hold off buying your Sandy rig till 2012, if all goes according to Agent's predictions your new CPU should come in at roughly Rs. 500.
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Old 30-01-11   #10
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Re: When Will the U.S Economy Collapse? - Place Your Bet Here

Originally Posted by Ad1tya View Post
Lol. Lame.
Please vote/elaborate.
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Old 30-01-11   #11
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Re: When Will the U.S Economy Collapse? - Place Your Bet Here

my opinion is that US economy will not collapse again atleast for the next 8 years.

first it is because they just have the goddamn size of a consumer economy. it is of prime interest for china to keep that economy intact. and they have the largest no of US bonds. so on oneside they will make sure of this until the more populated economies like India and China itself reaches that much of a spending power. secondly they are just creating money out of thin air man (the fed) the debts will get tremendous but no one seem to care so a collapse will sure take time.

and remember the quote "the best way to rob a bank is to own one" (esp in the US) and there are many robbers who are waiting for the next bubble.



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Old 30-01-11   #12
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Re: When Will the U.S Economy Collapse? - Place Your Bet Here

Originally Posted by DigitalDude View Post
first it is because they just have the goddamn size of a consumer economy. it is of prime interest for china to keep that economy intact.
Yes they are the largest consumer economy but they cant afford it. They are buying everything in debt. How long can you keep buying in debt. It has to end somewhere. Right now China is producing everything for them while they sit and consume it. Consuming is nothing without production. China can keep its own products and consume it themselves.

Originally Posted by DigitalDude View Post
they have the largest no of US bonds.
The U.S bonds will be completely worthless. That the U.S can never pay it back is 100% sure. What is left to see is how long they can pay the interest on it. Imo they will pay if back with completely worthless dollars.

Originally Posted by DigitalDude View Post
secondly they are just creating money out of thin air man (the fed) the debts will get tremendous but no one seem to care so a collapse will sure take time.
Yes they are just printing money out of thin air (and not printing money but creating it like in quantitative easing) They are therefore exporting inflation now. The U.S banks are holding the money right now but when they start lending it out then hyperinflation will set in and the dollar will go into free fall.
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Old 30-01-11   #13
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Re: When Will the U.S Economy Collapse? - Place Your Bet Here

remember Indian economy is not anymore as resolute as it once was. And atleast US government is doing something to try to stall the inevitable but I bet Indian economy will collapse before US if it comes to that..........
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Old 30-01-11   #14
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Re: When Will the U.S Economy Collapse? - Place Your Bet Here

This is a good way to please ourselves and have an evil grin for a while. Its not happening for sure

I wonder how the economics professors at college would react. They would die laughing

Take a picture of this thread and you can make a motivational picture on "Hope"
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Old 30-01-11   #15
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Originally Posted by thebanik View Post
remember Indian economy is not anymore as resolute as it once was. And atleast US government is doing something to try to stall the inevitable but I bet Indian economy will collapse before US if it comes to that..........
The U.S govt is doing everything to make sure it happens Banik. Part of the inflation problem here is because the U.S is exporting inflation to other countries. I think our economy will suffer (esp service exports based industries) but it wont be as bad as in the U.S.

Ok so we dont have a countdown clock to the collapse as yet but here is a debt clock ... do have a look at it. U.S. National Debt Clock : Real Time

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