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To: iThinkBig; steve86
"...The Russians see us like the Nazis saw us in 1930.

"The USA is bankrupt as a nation. If you don’t know this by now you need to do some homework."

Pure 100% hogwash. The US is in vastly better condition today -- economically and militarily -- than we were during the 1930s Great Depression. There's no comparison.

During the 1930s Depression, pure Isolationism was the DOMINANT political philosophy. Today that idea is restricted to just a few nut-cases on the left and right wings -- from the likes of Kusinich to Paul.

537 posted on 08/10/2008 6:01:01 AM PDT by BroJoeK (A little historical perspective....)
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To: BroJoeK

When a nation stops reporting M3, devalues it’s money creating inflation, when bailouts of large infancial institutions occur (which no doubt taxpayers getting bill) is when your nation is bankrupt.

That doesn’t mean we can’t print or bail ourselves out if we are responsible in the future and change some things. It means that there are high level chances of black swan event, our currency CAN undergo systemic collapse and such would be a short term extremely difficult hardship. Or sure, we can have print so many bills it is the Weiermark Germany post WWI.

The bright news is we do have six times the food as Great Depression and far better communication, you are correct on that as well. But it is becoming evident we cannot support this empire under our current directives. It was far too ambitious to attempt in my opinion. I would have to write a lot of pages to explain all my views on economics but Ron Paul is correct on the economic piece (his views on other areas do make him look strange). Kucinich sounds strange on both foreign and domestic affairs but does have some common
sense in some areas and is a decent man in general.


542 posted on 08/10/2008 7:35:21 AM PDT by iThinkBig
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