Someone just placed a $1 billion dollar short on the US today. I believe it was none other than George Soros who just shuttered his business due to his worries about federal regulation. Also one of the few people that likely knows enough about America's inner workings to risk so much money.

http://moneymorning.com/2011/07/25/the-1-billion-armageddon-trade-placed-against-the-united-states/

To understand what this means: Someone took $1 billion dollars and placed it on the US losing its AAA credit rating, which would likely come from a default or other source that essentially spells doom for the US (a loss in credit rating means we pay more interest out on our bonds as investors will demand more money for their riskier play).

If whomever is right, they will win 10:1 against their bet, or would make about $10 billion USD from the deal. Scary stuff, because few people in the world would risk that much personal capital unless they knew it was going to happen.

i dont really think that would lead to a collapse...


but should it happen i think we would be happy to accept a couple of your states though.... cant take too many 'fugee states though since our population is not that large so wouldnt want to cause too much of a shift in the country.

It wouldn't lead to a collapse. It'd just be a bit of a pain. You'd go down to an AA+ credit rating which is still very high.

Its frustrating when a lot of things could be prevented if congress and president would get their foot out of their asses and actually make some real spending cuts. Its ludicrous when a country is spending at least 33% more than they are recieving. Then they say, "oh well we will reduce our pile of debt by chunk change each year, but then add on piles more each year that severly outweigh cuts." I think all intelligence has left some of our leaders.

Wasn't it George Soros that made a shit load of money off of Black Wednesday? If so, I'm not underestimating his judgement.

it really is the only logical solution

The thing about Pollies is that they are Rich and they have no financial worries so why should they care about other peoples financial problems? If the Government goes bankrupt, all that would happen is the government gets kicked out, a new one put in. But since the mess that previous governments has made is great they wont be able to fix it right away which people want and then they will be hated on and get kicked out as well.


Such a world we live in :D

Not collapse, but the guy may win shitloads of money.

Not just that, what really makes me laugh, is when the govenment says that they will raise taxes so that they can cover the deficit that they are running.  The only problem with this is if they raise taxes by $1 billion, then they also seem to think they can raise spending by $1.25 billion (just random numbers).  How the hell are you supposed to cover a deficit with increased tax revenue when you increase spending by more than that tax revenue.

It has honestly gotten to the point where I almost wish that we do default on our loans.  People will be pissed the fuck off at our government, possibly more so than they ever have been before.  Being that nothing else seems to have any effect whatsoever on the government cutting their expenses, I really do wonder if they would stop fucking around so much and actually fix our problem if this were to happen.

Knowing how much of idiots they are, though, I highly doubt it would have any effect.

Out of all the reasons to foretell of America's collapse you pick this one? lol So going down to a very high credit rating from a perfect is collapse. lol

But it's bound to happen eventually, no empire stays on top forever, even the United "f*ck yah" States.