Not to worry. Once the Obola virus has killed two thirds of the world’s population things will be very different.
Prepper ping worthy?
The issue is very simple.
America needs to bring back industry.
We are buying far too much, made elsewhere.
4 later
China Just Overtook The US As The World’s Largest Economy
Article dated Oct. 8, 2014
http://www.businessinsider.com/china-overtakes-us-as-worlds-largest-economy-2014-10
The US is finished.
Ping....
If you have ever watched a Clinton or an Obama give a speech, or a Benny Hin or Jim Baker preach, or the Shamwow huckster on that television “infomercial” talking people into buying pieces of cheap felt at high prices, and all your inner alarm bells were ringing as you watched, and your gut feelings were telling you “Be careful! Huckster, huckster, huckster...” then you know how I feel right now, after watching a bit of this “financial expert.”
Has the God of Israel ever permitted the fall of a righteous nation?
If we fall, it will be because we deserve it.
I used to get this same drivel in print decades ago. The only thing that has changed is the delivery system.
I’m not particularly worried, because of what could be called “basic economics”. If you think about the axioms of it, a lot of fears dry up.
1) What is money? It is a medium of exchange. Nothing more. As such, anything can be money, even drinking water and food. But anything that has a finite supply, say gold, is a better kind of money, because it maintains its value relative to what you can trade for it.
2) The least valuable form of money is “fiat” money, that is not based in real goods and services, but solely on faith and confidence. Smart people inherently grasp that it has no real value, so plan accordingly, by having other things that do have real value, even in the absence of money.
3) However, an odd situation has evolved, in which two forms of fiat currency: cash and virtual currency, have assumed two different values to the point where they are becoming different currencies.
Only about 4% of the US daily retail trade is supported by paper money and coin. All the rest of the money is virtual, existing only on computers. But cash money has hidden values that virtual money does not have.
To start with, it is relatively anonymous in its use. Its owner has physical control over it, and it can be used almost anywhere in the world, for any purpose, without government knowing about it. It can almost always be certified as genuine, unlike any virtual currency.
While the virtual dollar may be used or not used as a reserve currency, physical dollars will continue to be, precisely because there are a limited number of them.
And so things go full circle.
Looks like we're going to start this first session with a basic skills test and placement exam to see who forgot what over vacation followed by some intense, focused learning.
When we lose that status, we won't be able to ‘print money’ to get out of our stupidity either.
We'll look back on people like Obama and Reid and Pelosi with hatred someday... people who gave away the treasures of our country for nothing more than self aggrandizement. Democrats will go down in History as the party from hell - Benedict Arnold look good by comparison...
for later
Two more years of Barry Ebola and I feel certain we will be toast.
If you could point to one other currency on the planet that is in better shape perhaps he would have a case.
I see why the Pentagon and CIA has hired him to control the wave of panic many are feeling.