|
Post by Ajeno on Oct 12, 2007 6:46:15 GMT -5
^Yeah hes kinda old,but Reagan was around the same age as him when he took office.
|
|
|
Post by viruslabrat on Oct 13, 2007 5:57:52 GMT -5
Is that a picture from Zimbabwe?
|
|
|
Post by Ajeno on Oct 13, 2007 7:42:39 GMT -5
^Yeah hes kinda old,but Reagan was around the same age as him when he took office. I mean how long will he live before he's assassinated? In the 1960's a Minnesota judge ruled that fractional reserve banking was unconstitutional and void. the defendant who questioned the validity of Federal Reserve notes, also provides his own perspective on the case, and his belief that Judge Mahoney was murdered. That was brave of him, considering what has happened in history to people who oppose the FED. In 1933, a Congressman named Louis T. brought conspiracy charges against the Board of Governors of the Federal Reserve and lost.There were 2 failed assassination attempts on him untill he was finally poisoned somehow. Yeah ive heard someone else say Ron Paul could be assassinated. "The greatest threat facing America today is the disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency devaluation. It is this one-two punch-- Congress spending more than it can tax or borrow, and the Fed printing money to make up the difference-- that threatens to impoverish us by further destroying the value of our dollars." Ron Paul. America, 10 years later... LOL...If we continue on like this who knows...We're borrowing a couple billion from foreign powers like China just to fund the war and get by.Inflation is at like 5% and people here think our economy is doing good, not seeing whats really going on...We're not even an independent nation operating like that.
|
|
|
Post by viruslabrat on Oct 13, 2007 10:41:06 GMT -5
duh Get off the wine. ;D Just cuz you can't drink! I still feel sick, bleh
|
|
|
Post by EA Observer on Oct 13, 2007 16:34:22 GMT -5
With the global economy it's inevitable that the U.S. dollar will devalue further, but that has both positive and negative consequences. It not only makes the U.S. exports but also makes foreign investments in the U.S. cheaper. However, that's no good news to the middle-class and poor who must pay even more to buy both domestic and imported products. Neither does the hundreds of billions of American taxpayers' dollars spent in Iraq and Afghanistan, btw. money.cnn.com/2007/10/12/news/economy/income/index.htm?postversion=2007101209
|
|
|
Post by Ajeno on Oct 18, 2007 6:19:02 GMT -5
I found this interesting. While the stock-market is experiencing very substantial gains in terms of monetary dollars, a measurement against real goods will show that we are actually worse off than we were in 2000. We are not doing better, there is no new market high, and if you feel a 59% poorer than in 2000, you are having exactly the right feeling. Wow,look at silver! I should hold on to the silver coins i inherited eh. A lot of investors really think they're better off today. I was looking at how the Dow has dropped 30% over 7 years priced in euros! No wonder why they come here and spend a lot of money.
|
|
|
Post by Ajeno on Oct 18, 2007 6:19:54 GMT -5
I love the weak dollar. Makes importing fun Haha.....
|
|
|
Post by juancarlos on Oct 18, 2007 6:24:44 GMT -5
And the U.S. dollar is now at par value with the Canadian dollar!!!! Unbelievable. :-o
|
|
|
Post by Ajeno on Nov 2, 2007 14:43:20 GMT -5
|
|
|
Post by juancarlos on Nov 6, 2007 10:36:50 GMT -5
Just buy foreign currency, like the Chinese yuan. I heard it might be revalued soon.
|
|
|
Post by Ajeno on Nov 7, 2007 8:58:28 GMT -5
Greenspan is finally admitting we need sound money backed by something. But hes still on this notion that we need some kind of "mechanism".
Imo, Its all downhill from here. If the dollar collapses to zero someday, or before that even happens, I bet theyll use that to usher in the Amero and the N.A.U, which is already in the works.
|
|
|
Post by juancarlos on Nov 7, 2007 10:21:32 GMT -5
If the U.S. dollar is allowed to fall precipitiously, it will cause global turmoil and take all the major economies down in a maelstrom. After all, the U.S. is the world's biggest consumer.
|
|
|
Post by ConceptDesign on Nov 8, 2007 20:51:40 GMT -5
Maybe we should start trading in the RMB?
|
|
|
Post by jewbird on Nov 8, 2007 21:13:15 GMT -5
What backs the dollar is patents, trademarks, and copyrights.
|
|
|
Post by jewbird on Nov 10, 2007 18:35:38 GMT -5
They're a part of the real economy to the extent that they satisfy customer needs and/or wants at a profit to the license holder.
Enforceability is a matter for the courts to decide and is a function of law governed by international treaties, rather than military hegemony.
Even the Chinese are starting to respect intellectual property more, as a result of a desire to move up the value chain themselves.
|
|