reply to post by A52FWY
It's not that simple, that someone with money can go out and buy a tropical islands and say "screw you". The money in question is paper, not real.
This paper, needs to be converted into something material, like gold. But, if anyone thinks that a millionaires wish is to live like Robinson Crusoe
on a tropical island, they're wrong.
You have two things, the lending system, that is used to maintain cashflow. Or paper money, or coins, whatever you want to call them. In the case of
the US, this is an IOY statement, that gives the holder the ability to buy American goods ... and that's just about it. For every dollar, there must
be an equal amount of GDP.
And then there is wallstreet, that buys crops, and other products, and sells them. They are making money, by buying a tomatoe for $1, and selling it
for $1.25. Now, pay attention ... the problem here is, that they are leeching on society ... pay attention here. this $.25 they are making, comes
from where? They are buying and selling GDP, and if this GDP was produced at $1, they are taking out $.25. Which is inflation. Now the government is
controlling inflation, by turning it down a bit ... but the $.25 is building up ... this money doesn't exist ... it's air money.
Then the air money bubble bursts, causing crash ... but, the most important thing of all, is that those that made their fortune this way, must take
this air money and turn it into hard currency. They must buy land, gold, etc., for it.
This is a pyramid game ... the entire monitary system is. Remember thos schams, where you put $1 in an envelope and send it to the top of the chain?
Somewhere, there will be losers, down the chain ... this is the bubble that bursts.
What you are living is such a bubble ... trillions of dollars, air dollars ... were cashed out.
The danger to your economy is, the following ... let us assume China buys a lot of dollars. Trillions of dollars ... what are they doing? Saving your
economy? No, China is another economy just like the U.S. and for every Chinese yen, you take for your dollar ... you must buy Chinese goods. Because
the only thing, you EVENTUALLY get from this currency ... is the product of that country.
So, if Iceland goes into the EU monitary system ... they lose a lot more, than only their sovereignty. But that's beside the point.
Now, what would happen to the U.S. economy if the Chinese decided to flood the U.S. economy with the very dollars they bought?
Think about it ... what did we do to Russia?