Discussion Starter · #1 ·
View attachment 133878 what if ANY good is this gonna do? i'm not sure i understand this on top of the printing of money 24/7 what will the result be?
Looking at who still has sound currencies - the Swiss, the Japanese - I'm not sure I'd have a problem with the country going to the highest bidders. Maybe we'd get some competent management. Seems treasonous to suggest that selling our democracy to the highest bidder might be a good thing but then when you look at how the takers in society keep voting themselves raises it makes someone like me feel so disenfranchised already that the nation's loss of self determination doesn't feel like a personal loss for me.Very insightful reply AmmoSgt.
So what if the worse case scenario occurs on or around 7/09? Is our country up for grabs to the highest bidder?
Well on this subject and the comment about commodities wealth - the Swiss currency is fairly strong despite the banking problems, the Yen is insanely strong (now at 87 to the dollar; was over 100 not long ago), but the Canadian dollar - now there's a fairly resource rich country - is weak. Don't know how much food Canada exports. We'll see how things shake out over the next couple of years....The Swiss LOL hey... you ought to look at their financials... thier big banks have had to take losses in this mess equal to about twice the GNP of Swizterland ( seriously that is not an overstatement).. despite the reputation and all that it can be real bad to have banking as your largest industry in an ecomonic downturn when everything in the bank is some sort of fiat currency. Europe.. sorry charlie.. no country is offically required to even back or defend the euro... Germans when they withdraw cash from a German Bank whip out a little list of serial numbers so they can identify what country printed the euros the bank hands them.. if they aren't GERMAN printed euros they redeposit them and try again until they get GERMAN euros... not that it matters in the least.. but they trust German Euros more than Italian or Spanish printed euros.... thats a real bad sign when all the money has behind it is faith in the Goverment... and thats all fiat has... me I got 2500 year old greek coins.. heck I have a 2100 year old silver coin from Indo Sythia in Northern India.. it's still good for it's weight in silver anywhere anytime, who the hell ever heard of Indo Scythia .. who the hell cares.. its silver.
Well Said!!!!!.....Regardless of where anybody is on the best way out.. we are all here because of the policies chosen in the past to get us here. As many policies labled conservative as liberal ... Bush is the one doing the bailing the whole cast and crew of the low tax spend and borrow off budget conservative policies are the very clowns that created those poilices are doing the bailing out... not that I haven't been pointing out that the republicans in power are no more conservative than the man in the moon..
That's gonna HURT North Alabama......but I don't think he will gut NASA.....He Loves JFK too much....You know Obama is going to gut NASA, speaking of the moon.