Quit Whining,, /sarc
read slowly and imagine this:
Between the TWO of us (delawhere and eagle50ae representing our respective families):
we (me and you ):
already owe almost A Quarter MILLION Dollars.. ( 116k x 2 = 232k plus interest.) and it's not even April Fools Day of 2009.
..............................
What do we have to show for it .. more gray hairs ..
>>> I cant’ escape it. No matter where I turn I see news that makes no sense and has only a minimal attachment to reality - at least my reality. <<<
Amen on the “makes no sense..”
It's like an twisted outer limits or twilight zone..or groundhog day....
I better not say anymore..
my teleprompter said Warning.. Will Robinson,, Danger..
PS,, just kidding on the whining..
I sure picked a bad Year to quit drinking,, ha
>>>Guess what? We’re already almost 4 TRILLION DOLLARS into unfreezing the markets without any results. <<<
Let’s see, Øbama’s proposed budget is $3.66 TRILLION ADDITIONAL!
How long do we expect to be able to continue with the Fed creating money out of thin air to buy Gov’t. Bonds to fund the unfreezing of the markets? Did you notice they bought $1.5 Trillion - That tells me that the Chinese, and everyone else sees the writing on the wall.
Now, we see the Russians AND the Chinese ready to make proposals to the G20 that a GLOBAL CURRENCY be created....
The devaluation that is inevitable will absolutely run us into hyperinflation beyond anyone’s belief.
I can remember people laughing that it took a wheelbarrow of Japanese Yen to buy a loaf of bread after WW II - We see it now in a couple of African countries... Can’t remember if it was Ghana or which country that just started printing 500 Billion notes only 3 weeks after they introduced their 10 Billion note - either of them at the time of issue would buy about the same - enough food for a family of 3 for 1 meal!
Being an eternal optimist, and always seeing my cup half full, I do believe that that US Gov’t. cup is just about empty...
All currency is based on perceived value... Upon what measure do we build a perceived value for the US Dollar?
Alternative currencies tend to be based on something that has a perceived value such as 1 hour of work. That is something that can be understood and valued, but a currency that derives value only by how much can be electronically created by the Fed through a computer entry is sure hard to value...