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The buck doesn't stop here; it just keeps falling
news.yahoo.com — Brother, can you spare a euro? Signs saying "We accept euros" are cropping up in the windows of some Manhattan retailers.
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- FrankHope, on 07/06/2008, -13/+75The Iraq War destroyed the dollar. This is no accident. This is a planned crisis. Fascisim needs disasters to take root.
http://futurenewstoday.blogspot.com/2008/06/martia ...
The rich still keep getting richer. It's the rest of us that suffer.- brad3378, on 07/06/2008, -5/+32To be fair, the Iraq war is only one "small" part of our $9,479,000,000,000 National debt.
Bush's $98 Trillion (yes that's Trillion) Medicare Drug plan is what we should be more worried about:
http://digg.com/business_finance/98_Trillion_unfun ...
Even Barrack Obama's $845 Billion Global Poverty act dwarfs spending on the Iraq war.
Source: http://www.wnd.com/index.php?fa=PAGE.view&pageId=5 ...
Do I support the war? Of course not.
But let's keep things in perspective.
The problem is the cumulative effect of decades of big government deficit spending.
http://www.brillig.com/debt_clock/- mithrasinvictus, on 07/07/2008, -6/+7Spent by republicans.
- DesdinovaEL, on 07/07/2008, -3/+10When Clinton left office there was s budget surplus. Bush took care of that pretty quickly. Thanks small-government Republicans.
- NeoMatrixJR, on 07/07/2008, -3/+5DesdinovaEL: Don't believe everything the government tells you. Just because they said there was a surplus...we still had a huge national debt. brad3378 is right, the problem is decades of deficit spending which span multiple republican and democrat terms.
- WallyAnti, on 07/07/2008, -0/+2NeoMatrixJR
Saying that there is a budget surplus does not contradict that we still had an accrued national debt. Budget surplus just means, "Hey we're spending less than we're making" compared to what the national debt means... that being, "Hey we've already spent more than we can ever make back".
I also like the funny argument people use to inflate the meaning of billion. They say, "Hey you can't count to a billion in your lifetime", in spite of the way money is made and lost. If suddenly we tell the rest of the world to go screw themselves and become completely isolated I wonder what would happen. Some say that isolationism would be bad but noone has ever really laid it out for me. Someone enlighten me. - WallyAnti, on 07/07/2008, -0/+2Man, my grammar sucked it up in that post. Sorry. And I wasn't trying to antagonize you, it's just that in a scene where everything seems fuzzy it's best to be crystal clear for the sake of like minds. I'm sure you already knew the meaning of debt vs. deficit also and I didn't mean to come off so condescending.
- dyuhl, on 07/07/2008, -0/+1"Bush's $98 Trillion (yes that's Trillion) Medicare Drug plan is what we should be more worried about:"
Don't you mean Bush's $98 Trillion giveaway to the drug and insurance companies? - CryRightardCry, on 07/07/2008, -0/+2@neomatrix
What?
Uh, budget surplus is NOT the same as "no national debt".
Ah, wallyanti explained it already. Read it.
- shrewduser, on 07/07/2008, -2/+13the iraq war didn't destroy the dollar, the US has been running a trade deficit for many decades now, the natural consequence is that eventually you'll see the unit of trade gets devalued... or thats the theory anyway.
- CoolHandLuke70, on 07/07/2008, -5/+10The FED destroyed the dollar. All part of the long planned move towards the NWO. A strong and independent U.S. cannot exist with plans of global governance. The Iraq war achieves a number of goals: 1) destroying any threat towards Israel in order to support its rise as the leader of the what Condosleeza calls "the New Middle East". 2) Securing oil and political hegemony in the area. 3) Destroying America's economy and sovereignty and the removal of rights and evisceration of the Bill of Rights. 4) The gathering of U.S. troops and national guard from states that are along the southern border that will be invaded by foreign troops after a a surprise strategic nuke attack from Russia/China --- i.e. our troops over there, their troops over here! Sound too crazy to be true? Just wait!
- mike17032, on 07/07/2008, -8/+4Its a good thing your foil hat protects you!
- Nytrixxx, on 07/07/2008, -0/+1It is to bad that you can pass off something so serious as that as a foil hat situation. I see someone has not been doing their homework.
The real situation is hard to see when you choose not to see it.
Everyone is so concerned about there glamorous lifestyles, their bank accounts, and their "does this make me look pretty" materials, that they are willing to be lead like cattle to the slaughter house for it. What is purely upsetting, is that American people spend all this time reading up on how to get MORE and MORE and MORE, and drive for this never fulfilling dream of being better then their neighbor, that they don't have the time to learn about the exact reasons why they have all of these selfish desires embedded into their minds in the first place.
Who are you anyways? What is it that you are really looking for? Is it that promotion that will give you that raise that will buy you that stuff so you can feel adequate to the rest of the self indulging society?
I will never say that I have never in my lifetime followed that path that the power hungry has paved out for the uneducated and the blind to follow. No, I was as blind as anyone else.
Get hungry and educate yourselves! Please! Don't just walk blindly into the slaughter house like all the other benign and useless people in society who do nothing to help their fellow man. Lets get our country back! SPEAK UP! WE CANNOT HEAR YOU!
- Nytrixxx, on 07/07/2008, -0/+1It is to bad that you can pass off something so serious as that as a foil hat situation. I see someone has not been doing their homework.
- brad3378, on 07/06/2008, -5/+32To be fair, the Iraq war is only one "small" part of our $9,479,000,000,000 National debt.
- Fangsinmybeard, on 07/07/2008, -2/+26Damn! the green back is now becoming worthless. IT will soon be on par with the peso.
- Alegoo92, on 07/07/2008, -3/+5Saying that with the knowledge of an economist or someone who listens to alarmist headlines?
- schroeder, on 07/07/2008, -0/+7Well it's already worth less than the Loon.
- caferrell, on 07/08/2008, -0/+3@Alegoo92, Notice that the Fed is still not raising interest rates?
Notice that M3 increased by over 20% in the last twelve months?
The greenback is becoming worthless because of two things:
1- Uncontrolled Federal deficit spending by George Dubya Bush
2- Uncontrolled inflation of the money by the Fed to keep the strangled US ecnomy running, when it needed a correction (a recession in this case)
It is now too late to save the dollar. It is history because it is no longer the worldwide reserve currency. As soon as one of the major holders of dollars tries to bolt, the FOREX markets will crash in one day. Bubye greenback
And by the way, it is the economists that got us into this mess. Believe them if you like, it doesn't matter now. But remember what you are reading now when you can't buy an apple for a dollar.
- gsiliceo, on 07/07/2008, -0/+1That would be good for us mexicans, we could buy those cheap american products, ipod classic here i go!
- sconnor, on 07/13/2008, -0/+1Actually,with congress sending billions to Mex. (for wpns.) & trade, I think the peso is going up? Maybe Americans should DEMAND an accountable & transparent "micro-fed. gov't"....more than just a thought. Tea, anyone?
- Alegoo92, on 07/07/2008, -3/+5Saying that with the knowledge of an economist or someone who listens to alarmist headlines?
- DrCalculus, on 07/07/2008, -11/+36It will keep tanking until people demand the Amero.
- flavioribeiro, on 07/07/2008, -1/+19Unless the US government implements responsible accounting, they'll just destroy the Amero. Changing the currency doesn't exempt the nation from its previous liabilities.
The Euro only works because every EU country is forced to work under several budget constraints. Every new nation to join the EU is also required to pass an economic reform in order to guarantee that its participation will not destabilize the currency.- blanketfury, on 07/07/2008, -0/+15You shouldn't put US government and responsible accounting in the same sentence
- PJ1967, on 07/07/2008, -0/+2Those damn commie/socialists...how dare they make the US look bad with sound economic policies!
- masterm1nd, on 07/07/2008, -1/+4F*** that.
- PeppermintPig, on 07/07/2008, -1/+4Morons will demand a new currency only after the existing one fails. Smart people are already choosing for themselves alternative currencies, particularly value-backed solutions.
- CoolHandLuke70, on 07/07/2008, -1/+4It will fail --- that is why people will readily accept the Amero!
- Lynxpro, on 07/07/2008, -0/+1The German Mark didn't tank and yet the Germans swapped it for the Euro. The Amero doesn't have to be ushered in by a failing dollar.
Plus, if Quebec achieves independence from English Canada, there won't be a need for an "Amero". Western Canada would potentially become US States. Ontario would stay independent until the US Government finally paid off the descendants of the Loyalist families who had their lands stolen by the US Government, which still remains a friction point between the two nations since parts of the US responsibilities of the Treaty of Paris have still not been enacted. - sconnor, on 07/13/2008, -0/+1NO NAU - EVER!!! Despite the deciept of the gov't.,AMERICAN blood,trauma,limbs,& lives were sacrificed for the integrity & defense of the CONSTITUTION & the Republic of the USA! PERIOD.
- flavioribeiro, on 07/07/2008, -1/+19Unless the US government implements responsible accounting, they'll just destroy the Amero. Changing the currency doesn't exempt the nation from its previous liabilities.
- WantToPlay, on 07/07/2008, -6/+1Didn't someone mention Budweiser draft?
- dball48, on 07/07/2008, -2/+44“Let it not be said that no one cared, that no one objected once
it’s realized that our liberties and wealth are in jeopardy.
A few have, and others will continue to do so, but too many—both in
and out of government—close their eyes to the issue of personal liberty and
ignore the fact that endless borrowing to finance endless demands cannot
be sustained. True prosperity can only come from a healthy economy
and sound money. That can only be achieved in a free society.”
-Ron Paul, 7/10/03 - bsmeteronhigh2, on 07/07/2008, -2/+17We just need hyper inflation to get that Iraq war fueled deficit number down to size. Heck, remember when Big Mac Hamburgers at McDonald's were 55 cents? Remember when those Taco's at Taco Bell were only 15 cents each? The way I see it, our government merely has to bring down the value of the dollar to make this whole Iraq war 9 trillion plus dollar thing go away. Usually they do it every 20 or so years--your dollar is worth stink compared to what it used to be. Sure, your 401K will be worthless and your savings will be gone, but what the the hey, you knew it was a long shot anyway! Heck we're well on our way. Tonight I went to the grocery store. A farm raised six ounce portion of salmon used to cost $2.50. Now, it's up to $4.00. That 1/2 gallon of ice-cream is now 1.25 quarts for the same price! I don't need to mention gasoline. Life is grand!
- lordmike, on 07/07/2008, -0/+8The worst part about it is that you can't find any decent place to save or invest. Back in the stagflation days of the 70's and early 80's, you could at least put money int he bank and earn a fortune! My grandma had CDs that paid 14% in 1980/ She doubled her money in 7 years.... Now, interest rates are in the crapper and so is everything else!!
- lordmike, on 07/07/2008, -4/+19Well, a weak dollar can be quite beneficial in many ways... for one thing, it may actually bring jobs back home! A weak currency is generally more beneficial to an economy than a strong one, if only 'cos it encourages exports vs. imports. The problem is, we've lost the ability to manufacture stuff... so, how are we going to increase exports when the only people who can make anything are the chinese?
- Kyan, on 07/07/2008, -3/+5Jobs back home? Do you know how much the dollar will still have to fall for US salaries and wages to compete with India? Are you hoping it will fall that much? Or are you grasping at straws here looking for the silver lining?
- lordmike, on 07/07/2008, -0/+1The latter, mostly...
- eryximachus, on 07/07/2008, -0/+1No nation in history has ever devalued its currency into prosperity. You are doing nothing more than repeating failed economic theory that has no basis in reality.
- lordmike, on 07/07/2008, -0/+1That is true.. I am repeating neoclassical economics after all, and most of that stuff is bunk... ;-)
You are right in the sense that actively devaluing currency has not historically provided any great benefit to a country and can lead to ruin...
Thanks for bringing it up!! :-)
- lordmike, on 07/07/2008, -0/+1That is true.. I am repeating neoclassical economics after all, and most of that stuff is bunk... ;-)
- Kyan, on 07/07/2008, -3/+5Jobs back home? Do you know how much the dollar will still have to fall for US salaries and wages to compete with India? Are you hoping it will fall that much? Or are you grasping at straws here looking for the silver lining?
- stack3r, on 07/07/2008, -8/+4old news is old.
thanks for info from last year.- fafaforza, on 07/07/2008, -0/+0Agreed. Stories have been printed for the past 2 years of British tourists coming to the US mainly for the bargains they could find, like the iPod. Why wouldn't retailers post up signs that they're taking the Euro?
When I was in Canada recently, unofficial exchanges (at shops, etc) offered .9 CD for every US dollar, even though the exchange rate was pretty much 1:1. So I wouldn't doubt retailers here would try a similar hussle.
- fafaforza, on 07/07/2008, -0/+0Agreed. Stories have been printed for the past 2 years of British tourists coming to the US mainly for the bargains they could find, like the iPod. Why wouldn't retailers post up signs that they're taking the Euro?
- blanketfury, on 07/07/2008, -2/+13Someday I will make a fortune selling toilet paper made out of our currency.
- TheMachine1, on 07/07/2008, -0/+5The rise in paper prices and the fall in the dollar has devastated the counterfeiting business. Bring back the $1000 bill!
- Khast, on 07/07/2008, -1/+9I live near Canada... I convert 1/2 my paycheck to Canadian.
A) It is cheaper, since I shop more in Canada than in the US. (US Banks give ***** exchange rates.)
B) Canadian dollar has been slowly rising. (Been sitting at or above par for the last couple months.)- whazup911, on 07/07/2008, -0/+4why would you shop in Canada, now that the Canadian dollar is @ Par?
- Khast, on 07/07/2008, -0/+1Despite the fact that the Canadian dollar may be at par. Their food costs are slightly lower for some things. (Not all.) I get most of my bulk foods for less than 1/2 what I can get them for in Bellingham, or Blaine.
- punkcat, on 07/07/2008, -0/+3cheaper? the exchange rate when you converted would have compensated for it.
it would be a possible money maker for you in the long run depending on how big your pay check is, but with your logic being what it is, i'd say its not. - CedEx, on 07/07/2008, -0/+0How do you figure it's cheaper? Considering our products were priced when our dollar was at $0.68 USD.
Given the conversion if at par, the numerical value on the price tag will be cheaper in the US than in Canada is what I've always noticed.- fafaforza, on 07/07/2008, -0/+0In my experience, everything is more expensive in Canada, in absolute terms. So I'd still prefer to shop in the states.
- whazup911, on 07/07/2008, -0/+4why would you shop in Canada, now that the Canadian dollar is @ Par?
- melshae, on 07/07/2008, -2/+8this is how Europe takes back control
- hugolp, on 07/07/2008, -1/+10USA spends in army more than Europe and Asia all together, and they keep invading the countries that use euros to sell petrol, so I think that wont happen shortly. USA uses its military strenght to impose their economics politics so a big big crash in the US economy would be needed for a change like that, and that seems unprobable right now.
What is sure, is that US is heading the last stages of the "Imperium": losing civil freedom, total goverment control, big army, spending more than it earns, producing dependency from colonies, etc... So I dont think it wont be very soon but for sure all the signs indicate that the US is heading for the end of its dominance over the world.- Lynxpro, on 07/07/2008, -0/+3...and "Europe" itself is in danger of becoming one big Islamic state due to the inability of Europeans to reproduce. Except for the Irish, ya'll are like pandas.
- sconnor, on 07/13/2008, -0/+1China FAR exceeds every country in building up it's war machine.Approx. 40%+! I'll be polite, do you really believe the military gets all the funding from Pelosi & Reid's "blank checks"? These BUMS are raking in $BILLIONS$ off of American "bloodmoney" & currently will escape prosecution due to a little thing called SOVEREIGN IMMUNITY.Diane Feinstein's an expert & Obama's a fast study (just raking in $11,670,787.00 from his vote against the 4th Amendment for granting telecom's immunity). Now who wants to vote for a 3rd option - LIBERTY!!
- punkcat, on 07/07/2008, -1/+2worse case scenario we become a forgettable country like canada.
- zerton, on 07/07/2008, -0/+2Europe's population is still falling. A high currency doesn't really spell economic success.
- hugolp, on 07/07/2008, -1/+10USA spends in army more than Europe and Asia all together, and they keep invading the countries that use euros to sell petrol, so I think that wont happen shortly. USA uses its military strenght to impose their economics politics so a big big crash in the US economy would be needed for a change like that, and that seems unprobable right now.
- EverTheCynic, on 07/07/2008, -0/+6Well that was a depressing read, so thanks for that.
- iloveliberals, on 07/07/2008, -0/+1Just kidding, the government really does believe in a "strong dollar" policy, even though it has every incentive to print more money and devalue the dollar.
We now return you to your video game previously in progress.- EverTheCynic, on 07/07/2008, -0/+1Phew. I thought I had to worry for a minute there. It's a good thing that my government always looks out for me.
Actually, I'm in Europe right now so I'm feeling the burn with every purchase.
- EverTheCynic, on 07/07/2008, -0/+1Phew. I thought I had to worry for a minute there. It's a good thing that my government always looks out for me.
- iloveliberals, on 07/07/2008, -0/+1Just kidding, the government really does believe in a "strong dollar" policy, even though it has every incentive to print more money and devalue the dollar.
- Myztry, on 07/07/2008, -1/+21Empires get ambitious and wage wars of expansion and control on foreign terrorities. And shortly after, the Empire falls.
It's happened dozens of times throughout history, and is nothing to worry about. Unless you happen to be part of that Empire...- blanketfury, on 07/07/2008, -0/+2Meh. I hope this doesn't happen in my lifetime :(
- earlycj5, on 07/07/2008, -7/+3True, but that has what to do with the US?
The US is not an empire, and compared to empires that have fallen we're very young.- zerton, on 07/07/2008, -0/+0And I told think the people plan on holding on to those new lands very long in this republic. An empire starts when the people assume an emperor.
- Myztry, on 07/07/2008, -0/+6@earlycj5 - The US is an Empire by any other name. Call it what you will.
Though still relatively young, things don't progress at the rate they used too.
"Rome wasn't built overnight" but figuratively, America was... - Nytrixxx, on 07/07/2008, -1/+0I would agree with you if I did not already know that the real agenda was over shadowed with that disguise.
Everyone is so concerned about there glamorous lifestyles, their bank accounts, and their "does this make me look pretty" materials, that they are willing to be lead like cattle to the slaughter house for it. What is purely upsetting, is that American people spend all this time reading up on how to get MORE and MORE and MORE, and drive for this never fulfilling dream of being better then their neighbor, that they don't have the time to learn about the exact reasons why they have all of these selfish desires embedded into their minds in the first place.
Who are you anyways? What is it that you are really looking for? Is it that promotion that will give you that raise that will buy you that stuff so you can feel adequate to the rest of the self indulging society?
I will never say that I have never in my lifetime followed that path that the power hungry has paved out for the uneducated and the blind to follow. No, I was as blind as anyone else.
Get hungry and educate yourselves! Please! Don't just walk blindly into the slaughter house like all the other benign and useless people in society who do nothing to help their fellow man. Lets get our country back! SPEAK UP! WE CANNOT HEAR YOU!- Myztry, on 07/07/2008, -0/+1There is no disguise. The warmongering and the decadence are two parallel issues independent of each other.
- Myztry, on 07/07/2008, -0/+1"though certain historical societies (such as ancient Rome near its end) are generally held to have been decadent"
http://en.wikipedia.org/wiki/Decadence
- Myztry, on 07/07/2008, -0/+1There is no disguise. The warmongering and the decadence are two parallel issues independent of each other.
- Prophetfxb, on 07/07/2008, -4/+13GWB really ruined this country. It really goes beyond the value of a dollar, its the international disdain for Americans now as well.
- Simus, on 07/07/2008, -0/+12To be fair, there has been decades of bad judgement at fault. It's been this way since the 1940s when the national debt was 120% of the GDP.
Reagan and the Bushes are prime examples of it, but even most of the Democratic Presidents are to blame for it.- Lynxpro, on 07/07/2008, -1/+1*cough* FDR *cough*. Let's not forget that LBJ got us stuck in Vietnam and screwed the US economy big-time, and then saddling Nixon with the problems. Then we got hit by the OPEC oil embargo which caused stagflation which the US didn't recover truly from until near the end of Reagan's first term.
We should also remember that the Federal Savings & Loan scandal of the late 80s added nearly $1 trillion to the national debt.
- Lynxpro, on 07/07/2008, -1/+1*cough* FDR *cough*. Let's not forget that LBJ got us stuck in Vietnam and screwed the US economy big-time, and then saddling Nixon with the problems. Then we got hit by the OPEC oil embargo which caused stagflation which the US didn't recover truly from until near the end of Reagan's first term.
- rockefeller2, on 07/07/2008, -1/+5Don't bother me with this kind of talk. American Idol is on right now.
- Simus, on 07/07/2008, -0/+12To be fair, there has been decades of bad judgement at fault. It's been this way since the 1940s when the national debt was 120% of the GDP.
- dralezero, on 07/07/2008, -2/+9"What we want is a Goldilocks dollar. Not too strong, not too weak. But just right. And only the market can determine that," When the Fed stops "making" new dollars everyday like mad then we can let the market decide.
- hugolp, on 07/07/2008, -1/+3Its a joke. Its easier saying let the market decide, that saying directly: when the Federal bank stops making the US salaries and savings worthless.
- kosmoss, on 07/07/2008, -0/+3Its easy, just make a new dollar 1 to 10 olds and it'll be strong again!
- CressCrowbits, on 07/07/2008, -0/+5What is scarier?:
- The US continuing it dominance over the rest of the world.
- It's economy collapsing, leading to China asserting dominance over the rest of the world.- jaythewise, on 07/07/2008, -0/+0I wonder what China will be like in 30 years? A brutal orwellian type of dictorship which it is now; or a country whose increase in wealth fuels a middle class demand's for democracy and greater freedoms?
- Lynxpro, on 07/07/2008, -0/+1Seeing that the Germans did pretty well under fascism, I doubt the Chinese masses will successfully demand a transition to democracy. I mean look at us in the US...we pay a ***** ton of money in taxes to our government in exchange for the freedom to vote for the lesser-of-two-evils every 4 years. Whereas a Kuwaiti "citizen" has really no say in their government yet the Emir graciously gives them $70k per year to do nothing.
- jaythewise, on 07/07/2008, -0/+0I wonder what China will be like in 30 years? A brutal orwellian type of dictorship which it is now; or a country whose increase in wealth fuels a middle class demand's for democracy and greater freedoms?
- CHANNELOCK, on 07/07/2008, -1/+1You think its a good Ideal to stop putting 6% of my pay into a 401k?
Will inflation and the drop of the dollar wipe the future profits out?
Will America and the Banking industry still be recognizable in 30 years to honor the 401k of will I be *****?- tcpip4lyfe, on 07/07/2008, -0/+2Are these questions rhetorical?
- Tianadara, on 07/07/2008, -0/+0I'd like to know.
I've taken just about everything out of the market but my 401k (because of the restrictions). I currently put 4% of my salary into my 401k and my employer an additional 2%. I am wondering if this 50% match is even worth it anymore (or will be for long). Between the stock market tanking and the 401k restrictions that prevent you from taking any money out while it still retains value, it's a no-win situation :( - CHANNELOCK, on 07/08/2008, -0/+0its like my only future savings but I'm short cash as gas,food etc don't match my stagnant pay
- GeauxLSU, on 07/07/2008, -0/+3Lots of thanks to go around!
Thank you morons in the Sub Prime housing and credit markets (lenders and borrowers) for forcing the Fed to reduce interest rates and collapsing the banking industry…. Putting the most downward pressure on the dollar
Thank you Congress and Clinton Admin for stupid trade policy (especially with China) resulting in trade deficit also lowering the dollar.
Finally, thank you Congress and Bush Admin for deficit spending also lowering the dollar.- Nytrixxx, on 07/07/2008, -1/+0You don't seriously believe that lenders and borrowers have power over the Federal Reserve do you?
- GeauxLSU, on 07/07/2008, -0/+1Their COMBINED moronic actions sure do! If the subprime breakdown had not occurred interest rates would not have been decreased.
- Nytrixxx, on 07/07/2008, -1/+0You don't seriously believe that lenders and borrowers have power over the Federal Reserve do you?
- AMY2922, on 07/07/2008, -2/+3The deficit, subprime, etc are all red herrings. The real cause of the problem is not difficult to understand. Please educate yourself America:
http://www.youtube.com/watch?v=F484wISJKPY - Nytrixxx, on 07/07/2008, -1/+4GET EDUCATED AMERICA! Research these issues on the internet. Are you going to let the media machine tell you who you are, and were you live? I get so damn mad when I see some arrogant prick rant about people who question what is happening as unpatriotic. There is a lot more going on here, and everyone better damn well get your head out of the sand and begin learning about it.
"In Germany, they came first for the Communists, And I didn’t speak up because I wasn’t a Communist;
And then they came for the trade unionists, And I didn’t speak up because I wasn’t a trade unionist;
And then they came for the Jews, And I didn’t speak up because I wasn’t a Jew;
And then . . . they came for me . . . And by that time there was no one left to speak up."- BotchaMcCoola, on 07/07/2008, -0/+1Rest assured I will not trust the media machine as long as they have sponsors like Boeing, Lockheed Martin, and Army Advantage Fund. How about that last one – forcing the taxpayers to bribe enlistees with $40,000 bonuses – and we are stuck with the advertising bill besides!
- BotchaMcCoola, on 07/07/2008, -1/+1The total outlays and future obligations due to the Bush ME Wars
is estimated at around 3 trillion, or about one third of the US
national debt. True it is just one set of overspending overborrowing instances,
but it likely was big enough to break the greenback.
By the way, I think we need a sign that shows the totals in current dollars
for useless militarism by the US in Korea, Vietnam,Iraq,Afghanistan,Pakistan,Okinawa Base, Germany Bases, etc. Would anyone else help get this up and running? We
have got to get a stakein theheart of the Hawks once andfor all this time.
Too many of mygenerationthought Vietnam settled it. But like with the
Holocaust we have to keep reminding everyone very often. - tufftugg, on 07/07/2008, -1/+1 Amero?...Why would Canada want to join the failed economic situation in the U.S.. American's believed the ''oh those evil socialist in Europe'', until they realized their dollar was a Peso in comparison. No thanks for the Amero, just another losing idea!!
- zerton, on 07/07/2008, -2/+3isn't the solution simple? stop printing.
- tcpip4lyfe, on 07/07/2008, -2/+1No, it's not simple.
- KnightHawk2277, on 07/07/2008, -1/+3I think it is that simple...
Inflation - a persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency
source:
http://dictionary.reference.com/search?q=inflation - tcpip4lyfe, on 07/07/2008, -0/+2A simple link to a definition doesn't make it any more simple, it just more clearly defines it. There isn't a guy sitting at a printing press that turns off the money machine and inflation magically goes down without other ramifications. "Printing money" generally means lowering interest rates to allow people to borrow more easily. More money is available so you have inflation. There is a balancing act the FED tries (emphasis on "tries") to accomplish by raising and lowering interest rates. If you lower them too much inflation runs rampant. If they are too high then the economy slows down because there's isn't as much money available for investment. So in theory the solution is simple because if they hiked interest rates inflation would stop but practice it would cause the economy to collapse causing many other problems.
- RufusMcCoot, on 07/07/2008, -0/+2Simple - any action of, relating to, or about not maintaining a national economy
source:
http://dictionary.reference.com/search?q=simple
- KnightHawk2277, on 07/07/2008, -1/+3I think it is that simple...
- tcpip4lyfe, on 07/07/2008, -2/+1No, it's not simple.
- katich, on 07/07/2008, -3/+0 Quicksilver Resources (NYSE:KWK) is purchasing $1.31 billion in rights to 1 trillion cubic feet of recoverable natural gas in north Texas.Find more details at http://xil.in/4270/ .
- KnightHawk2277, on 07/07/2008, -0/+2Inflation - a persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency.
Solution? Stop printing money or get rid of the Fed.- Nytrixxx, on 07/07/2008, -0/+1RIGHT ON MAN!
People need to get educated about this. The next time they throw out the newly designed monopoly money in your face and the local market, think about why the hell they are doing it. And don't tell me it is to combat counterfeit money, or to simply add a new creative spin on the paper that is in circulation. Take some quality time today and learn about the process and purpose of new money circulation.
- Nytrixxx, on 07/07/2008, -0/+1RIGHT ON MAN!
- RufusMcCoot, on 07/07/2008, -1/+3It is a horrible idea to stop saving for retirement. If you decide to get rid of your 401k, then put your money in a money market savings account.
No, your future profits will still be there
Yes America and the banking industry will be there in 30 years. This is nothing compared to the depression and we beat that, only to save the world a decade and a half later. We'll be fine. Harden the ***** up - maximumrebel1, on 07/07/2008, -0/+2Thank the Federal Reserve. Our Dollar is worth just $.04 compared to the dollar of 1913 when they took control of our money supply.
- SilverBlade2k, on 07/07/2008, -1/+5It's a planned crisis. They want to destroy the value of the American dollar to introduce the 'Amero', with the public reason "to compete with the Euro.". But, it's not for competition...it's baby steps towards their goal: a single global currency.
- sweetholymosiah, on 07/07/2008, -0/+2like gold!
- Nytrixxx, on 07/07/2008, -0/+1I am glad there are so many educated people popping up!
- deedum1, on 07/28/2008, -0/+1I think the dollar and Peso are now exchanging at 10 to 1.
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