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To: null and void

Yes, governments can do all that, and more. But those are the hallmarks of an increasingly desperate and tyrannical form of government. Trust in government is already at historically low levels and those kinds of actions would probably be extremely counterproductive in that it would be an overt admission that the markets, currency, and economy has only one direction - down, and would also serve to accelerate capital flight out of the country.


17 posted on 08/14/2011 3:14:18 PM PDT by Freedom4US
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To: Freedom4US
and would also serve to accelerate capital flight out of the country.

There might not be anyplace "safe" overseas to put said money and capitol.

Think about it - if he worldwide economy has melted down, and the G20 meet in Geneva to talk about "emergency measures" that would definitely include talks about moving towards a single global currency (and that will happen), then don't you think they will all collaborate in order to prevent capitol and wealth from flowing out of one country and into another?

Answer: of course they would! They would have to.

19 posted on 08/14/2011 3:19:06 PM PDT by SkyPilot
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To: Freedom4US

You are assuming that this administration does not want to destroy the country.

Check your premise.

Please, I beg of you, provide any example you can that indicates you are correct, that this administration wants the country to succeed.


20 posted on 08/14/2011 3:19:23 PM PDT by null and void (Day 934. The mob is decisive when the law is not.)
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