Posted on 05/17/2024 9:18:27 PM PDT by SeekAndFind
[Pretty wife, cute kids. You’re a lucky man, Laz.]
I’m not sure that those kids, ah, ummm, belong to Laz...
DNA test?
BTW, I have always loved your screenname...LOL
It was probably Fauci’s COVID-19(84) that put him on MD2020
Da Mad Dog.
MD 20/20 (often called by its nickname Mad Dog) is an American fortified wine. The MD stands for its producer, Mogen David. MD 20/20 has an alcohol content that varies by flavor from 13% to 18%. Initially, 20/20 stood for 20 oz at 20% alcohol.
How about a nice game of chess?
The difference is the output quality of goods from China isn’t good, a lot less dependble/durable than the usa was after wwii.
I think they have no solution (because there really is no solution after this much damage)
So I think they intend to nuke everything to try and hide the wreckage ... in bigger wreckage.
20 years ago I don’t think you could have made me believe all that has gone on in just the past 17 years.
Right wingers have been saying this for years.
Consider the 1869 Gold Panic engineered by the Gold Ring composed of Jay Gould, James Fisk, and Abel Corbin, a brother in law to the new President, U.S. Grant. With the US was on the gold standard, they cornered the gold market and drove up the price in dollar terms, which then triggered a financial panic as gold denominated debts began to come due -- with President Grant unavailable because he was on vacation.
The panic broke only when a US Treasury official acting on his own authority approved the sale of gold bullion from US Treasury, which Grant wisely approved as soon as he was informed. Speculators had been recruited to the scheme on the false basis that with Grant's brother in law involved, Grant himself was in on it as well.
With a gold standard, bad policy decisions can also disorder the money supply, with catastrophic effects on prices. That was a key cause for the Great Depression. In the 1920s and 30s, the US and France adopted a policy of gold accumulation in which the government bought and held gold without issuing new money reflecting those gold holdings.
This deprived other countries of access to the normal flow of newly mined gold that added to the global base money for national currencies. In effect, as with the Gold Ring, the result was a gold shortage that led to a shortage of currency to run national and global economies.
This caused a worldwide deflation that crushed banks, ruined debtors and businesses, and impoverished hundreds of millions who had been employed, productive, and prosperous. The ensuing poverty and discontent brought down governments and disordered societies around the world. The Second World War followed.
If a return to the gold standard is no answer to our financial problems, what is? Spending restraint leading to balanced budgets and stable monetary value for the dollar. More is required, but that is the essential remedy.
” So you think the dollar will be the world’s reserve currency forever? There have have been dozens of world reserve currencies...”
That’s the Boomer blind spot. They can’t see the vulnerability of the $US.
Just like some people in Britain even after WW1 thought that the sterling would reign forever.
Perhaps that job could be, being a trained nurse.
Nah... Kodiak bears have taken over that profession.
Proof: Here's a photo of two bears giving an elk a colonoscopy.
Thanks!
And why would they not be Laz’s progeny? Granted his heretofore established libido, there may be three more in his castle, and one in the oven.
LOL
I guess the Elk has a right (and a left) to Bear arms
[Does Schiff think if he says something for enough years (decades in his case) that it will eventually become true?
His mistake is that he’s too emotionally tied to gold and silver. There’s nothing wrong with commodities, but it’s a very small segment of finance.
The US dollar is too strong in the opinion of many - including President Trump.
This issue is debt-based money - not precious metals.
That is what is enslaving the citizens of the world.]
The drive-by conclusions about the Roman empire are silly. The issue they ran into was mutual adaptation and rivals who were as intelligent as the Romans themselves, so capable of matching, then surpassing their innovations. Everything that gave the Roman military an edge, its rivals adopted. But those rivals also came up with new approaches the Romans failed to keep up with.
In other words, Rome fell to its enemies for the same reason the remnants of the Greek empire fell to Rome - an inability to permanently stay ahead of the opposition. There is a measure of luck and circumstance involved in getting to and staying at the top. That serendipity eventually shifted to its rivals, and then to the rivals of those rivals and so on.
petrodollar propped up by endless wars
I wonder how getting rid of fossil fuels is going reconcile with the petrodollar.
China is ALREADY circling the drain and is doing (with media compliance) a tremendous job of concealing it
Until there is something to replace the dollar, it will remain the reserve currency.
Period.
I have been hearing this since the 1970s. Yawn.
The Car Allowance Rebate System (CARS) started in June 2009, six months after Obama took office.
Why was the government begging people to turn in old cars and take out new debt?
They were trying to stimulate the economy via consumer spending and keep the doors open at General Motors among other things.
Interest rates were close to zero back then, so borrowing money to buy a car (or house) wasn't expensive.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.