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Originally posted by Hastobemoretolife
reply to post by Seany
It is a little more complicated than that, but you got it about right to keep it simple.
Just to put into perspective the consequences of this action if it doesn't work, just take a look at Zimbabwe.
reply to post by marg6043
I don't know, I have a hard time believing that a complete and total collapse of the worlds economy was in the plans. I was thinking more along the lines of systemic collapse one country at a time. Complete collapse all at the same time doesn't further anybody's agenda.
They can't exactly win war against 3+ billion people. Also if complete collapse happens nobody will ever trust the people in the government. People are not just going to roll over and say save me. Some will no doubt but a majority of people are going to say shove it.
It is not good.
Originally posted by Anonymous Avatar
Originally posted by yourallfools
yes, and you damn well know what I mean. You want facts as to why beck or hannity is wrong? turn on their shows for 30 seconds. write everything they say down. then post it here. then realize that everything they say is factually incorrect and is self serving crap.
[edit on 20-3-2009 by yourallfools]
Ok so Beck in the videos that started this thread, says the Fed bought up US Treasury Bonds and printed over a trillion dollars out of thin air. Are you going to argue this as fact?
The other things I heard him say that history shows this leads to hyperinflation and the destruction of currency. Are you going to argue this too?
Oh ya he says we will have a 2 trillion dollar deficit this year.
Beyond that were his opinion that congress is out of control spending like there there is no tomorrow and AIG bonuses were a distraction from the Fed buying treasury bonds.
What about that do you want to argue about? Or did you even bother to watch the videos?
I would be willing to give you the benefit of the doubt because up until very recently Fox News was completely useless and most of it still is.
Other than that grow up.
Why don't you go and research the facts and come and here and present an intelligent argument rather than your child like sarcasm and passive aggressive insults?
Originally posted by Hastobemoretolife
Hope those printing presses are nitrogen cooled because they are going to be working on overtime.
This is going to have major implications. I hate being all doom and gloom I would much rather be happy and cheerful and telling lies with my friends.
But, this is a last ditch effort. China must have cut us off in a back room phone call. It was just too much for them to handle.
It is clear to everybody in the world that our government has no idea what the hell it is doing and they are just grasping at straws.
It also doesn't help that our president is more concerned about NCAA Brackets and Campaigning and going on Jay Leno, when he should be at the Oval Office reigning in his party and calling every single person with an alternate idea.
All I can say is that I hope his works.
Originally posted by mpriebe81
It seems like more and more people are beginning to wake up to
the corruption and greed on Capitol Hill. But is it enough? The administration and Congress are trying to cover their butts, but I doubt if any REAL change will come about as a result of everything that has come to light. As Beck said, they will just throw their scapegoats under the bus and continue to find new and even more creative ways to screw the American taxpayer. We're in for one hell of a year!
Originally posted by VenusOnTheHalfShell
Obama being on Leno is no big deal. To think that all presidents and politicians tie themselves to their desks during crisis is laughable. Actually, I thought Obama being on Leno was good in that he looked relaxed and was candid with his answers about the problems. That goes a long way in making some feel better in that we have not panicked and there is still light in the tunnel. A 4 hour flight on air force one is a great time to do work which I'm sure he did. So, in reality, he never stopped working or talking about the issues. Get a grip.
Are you serious? Were you there with him? Obama going on leno was a slap in the face to all Americans. Why, cuz he is going to give us all a free black box to put on our heads so we don't miss dancing with the puppets? You need to get a grip, along with millions of other Americans. I fought for this country, and will continue fighting now on the homefront. Obama still has yet to prove he is human. As far as I'm concerned he is another dummy with a hand up his arse. You said he was relaxed and spoke candidly. Of course he did, he doesn't speak without his trusty telescreens, i mean teleprompters.
Originally posted by loam
reply to post by toepick
Actually, rather than an ATM, replace that with the Pay-Day-Loan store.
Then your analogy is dead on.
In Europe, for example, where manufacturing accounts for nearly a fifth of gross domestic product, industrial production is down 12 percent from a year ago. In Brazil, it has fallen 15 percent; in Taiwan, a staggering 43 percent. Even in China, which has become the workshop of the world, production growth has slowed, with exports falling more than 25 percent and millions of factory workers being laid off. In the United States, until recently a relative bright spot for manufacturing despite the steady erosion of blue-collar jobs, industrial output fell 11 percent in February from a year ago, according to statistics released Monday by the Federal Reserve. “Manufacturing has fallen off the cliff, and it’s certainly the biggest decline since the Second World War,” said Dirk Schumacher, senior European economist with Goldman Sachs in Frankfurt.
The pattern of manufacturing and trade ominously recalls how the financial crisis of 1929 grew into the Great Depression: tightening credit and consumer fear reduced demand for manufactured goods in one country after another, creating a downward spiral that reduced global