My caveat was more meant to be a satirical in nature but that's ok..
Sorry, I didn't 'get' that!
I wasn't being completely serious.. Only partially..
Good humour is always partially serious.
The whole reason the dollar is constantly being devalued is because the
central bank can print new money for the goverment at like 2 cents on the
As you know, both your and my explanations are simplified in the extreme. Of course there are many variables, for example, if much of the currency is
held rather than traded, the currency can actually be traded at a higher value than it would otherwise be. This is what has kept the dollar sinking so
slow when it should have been sinking fast.
It has always been an "easy way out". Back when the dollar was first being printed it was valued at orders of magnitude over what it is today.. We
have printing money out of thin-air as a primary cause of the devaluation of the dollar over time. If things don't change, the devaluation will
continue. It is yet another economic problem that NOONE wants to address.
well, it's not an easy problem to solve. You have the right who wants to cut the US governments subsidy programmes, but desperately keep the giant
military outlays in order to support a crumbling empire, and the left want to cut military spending, ditch the empire and create even more subsidy
programmes. All the while either side will fund this by borrowing more money, when they should cut all expenses or be slaves of china.
As it is, if china divests, every one will follow and the average american will get to know hunger and how the grover nordquist utopia will really
feel like. During that, you will see the US lashing out. When people who have never known hunger starts to go hungry, they won't care about where the
US get's it, they just want the food.
>I'm honestly glad the 700B bail-out plan was shot down.
The bailout plan was a gimmick. There isn't really a need for it, as it is more about keeping the investmentbankers afloat than keeping the
If they absolutely must spend money on a bailout, they should let the investmentbanks go bankrupt, transfer the assets to a government owned entity
and offer the homeowners better loans or take over the house and let the residents rent.
That would have a much greater positive effect on the economy and cushion the economy for a softer landing. But, it doesn't deal with the deficits
and money printing going on.
Someone needs to sit down with the american people, hold their hand and say this: 'The US is in dire straits, we are borrowing money to wage war, we
are borrowing money to pay wages, we are making more and more people into recipients of government subsidies, and it can not be sustained. The tax
cuts and rebate cheques that you receive is just borrowed money. The situation is unsustainable and we need to cut spending and we need to raise
taxes. If not, then you will get to know hunger, massive unemployment and armed insurection very soon.'