TITLE: What does Gödel's Incompleteness Theorem prove?
QUESTION [5 upvotes]: Does Gödel's incompleteness theorem only prove that you can't have a formal system which describes number theory which is both complete and consistent, or is it more general? In other words: does it prove that any formal system is either inconsistent or incomplete?

REPLY [13 votes]: There are formal systems that are both consistent and complete. 
However, there is no formal system that has all of the following properties:

it is strong enough to cover number theory
it is recursively decidable whether a formula is well-formed, whether a sentence is an axiom, and whether a sequence of sentences is a proof
the system is consistent
the system is complete

REPLY [5 votes]: Not exactly. Let $L = \{+,\times, 0, 1, <\}$ and define $Th_L(\mathbb{N})= \{\varphi$ in $L$$:$ $\mathbb{N} \models \varphi \}$. 
This is complete and consistent (since it clearly has a model) which encompasses arithmetic. Godel's Theorem states that this collection cannot be recursive (or even recursively enumerable), i.e. there is no finitary algorithm which tells us which sentences in $L$ are in $Th_L(\mathbb{N})$.