Posted on 11/09/2008 6:14:54 AM PST by Fox_Mulder77
Once the dollar's global reserve currency status is gone, there is nothing to stop our rapid slide to Argentina economics.
We won't be in the position of the banker in a game of Monopoly, with the sole privilege of doling out $500 bills to ourselves at will, that the other players must accept.
Argentina USSA, here we come.
What a silly statement. What an announcement of your ignorance of reality.
Brazil... Brazil... it rings a bell. ISTR someplace called “Brazil” or something like that from geography class. Maybe I’m thinking of Paraguay.
Just because you don't believe in markets doesn't mean they don't turn around and bite you in the butt.
Furthermore, after the Burns Greenspan era with the short creditinterruptus of Volcker we have had the mother of all government interventions in the history of money dating back to the Sumerians. No, what we have not tried in a long long long time is non-intervention in the markets.
So what you are saying is that the USA isn't the largest purchaser of goods in the world?
A new dark ages of socialist hell is where we’re headed. And as the global economy grinds down, we’ll hear the globalists demand “global solutions.” In the next decade we’ll see a push for a global central bank, global taxes etc. And Obama will lead the charge.
The world is going to stop accepting newly (digitally) printed Weimar Dollars. The current dollar rise is a fluke as accounts are settled, similar to the rise of the passengers rushing to the stern of the Titanic as it rose for the death plunge. You can't force people to accept a hyperinflated currency. If you could, Zimbabwe would have a great economy.
Say hello to the end of the dollar's status as global reserve currency. Here is a picture of it. Hello Weimar, USA!
What I said still stands.
What you seem to have missed is VALUE. There is a massive amount of value in the USD. Even if hyper inflated, it STILL RETAINS VALUE. The actual numbers may go up, the underlying assets still have value.
0bama will fall over over himself caving into to this commie puke from Brazil
True but what backs up the US Dollar?
Increasing this is junk assets that the Fed swapped with AIG and others and gave (lent) them Treasuries to put on their books. This was the capital infusion
These junk assets (created mortgage bundles etc) are now on the Feds books
His timing is pretty good. The American voters are doing their best to put people in place to end that dominance. Pelosi, Reid, and Obama are the Golden Triumvirate for Socialists around the world.
He should beware the old adage, though... beware want you ask for, because you just might get it. Brazil is likely to have much poorer circumstances without a stable global finance leader. Of course, many egomaniacs don't mind such things, as long as it helps them gain more power.
Because governments have such a great track record of intervening in markets in positive ways. ROFLMAO!
Yes, and 2 + 2 = 500 in Sillystan.
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