Great Depression of 2016

[Michael Apple]

High hopes a fact does not make.

Where is your "proof" that the dollar will last until the end of time?

MrsB

There is no proof. The dollar is as susceptible to the economic conditions as any other currency. No nation is too big to fail when it becomes controlled by an international economy directed by international banking interests. The US government is devaluing the dollar evidenced by the high cost of living in states most unwelcoming to business. California and New York are just few examples. Government produces no money, and is the most careless with it, yet people keep electing the same vermin,chewing away at our national economy, beholden to international interests. America first, or get the hell out!

 

[MrsBrooke]

There is no proof. The dollar is as susceptible to the economic conditions as any other currency. No nation is too big to fail when it becomes controlled by an international economy directed by international banking interests. The US government is devaluing the dollar evidenced by the high cost of living in states most unwelcoming to business. California and New York are just few examples. Government produces no money, and is the most careless with it, yet people keep electing the same vermin,chewing away at our national economy, beholden to international interests. America first, or get the hell out!

I'm thrilled to hear someone has their head on straight here.

I am simply beside myself to see what Dennis thinks.

MrsB

 

[Michael Apple]

I see Greece is moving to join BRICS, and it appears that Russia is welcoming them. Why would they welcome a bankrupt country? Greece doesn't want the European induced austerity plan. That would reduce government pensions to 300 euros a month.

What does Greece make that the other nations might want to buy? What does Greece manufacture anyway besides olive oil and yogurt?

That's quite an ignorant statement about Greece considering they are a focal point for regional gas projects which Russia controls. You ever heard of the Trans-Adriatic Pipeline? You should look that up. Russia wants possession/control of more territory. And the same old international communists are running the show, brandishing their new form of socialism as some sort of alternative to the UN/EU agenda of socialism. When Kruschev said "I can prophesize that your grandchildren in America will live under socialism," he knew Democracies never last, and America was compromising the Constitutional Republic to that of a polyglot boarding house of Democracy where the lowest common denominator can vote themselves entitlements at the expense of the nation's backbone; the working taxpayer, who contributes the most to a nation's economy and culture. Dividing the nation culturally was the predetermined goal of international vultures. The rest become easy pickings.

 

[rufus]

I forgot about that pipeline. Again, mea culpa.

Putin will last longer than any of the previous Soviet/Russian leaders. I think his goal is the reunification of the former Soviet Union. And, he may just succeed. Whether that is good for us or not, I don't know.

Western democracies change leadership every four or six years. That does not lend itself to long range planning.

It is what it is.

 

[rufus]

Ms B, let's be careful with that "us." It won't be you, and it won't be me that muddle up the BRICS. It will happen, but it will be the politicians that think they know everything and can control everything.

The tail wags the dog. The US government thinks it can call the shots in world banking. FBAR and FATCA are prime examples. Plus, they think they can control how the world cup is managed. It ain't necessarily so.

 

[hemet dennis]

http://www.cnbc.com/id/102738725

 

[wlantry]

I want to know which article you got this idea from? Show me the facts.

Well, let's see. China owns the largest foreign portion of our national debt. We're talking in the trillions of dollars. But do they hold that debt in Yuan? No, they hold it in dollars. Because even they know the dollar's more stable, more trusted. Japan holds the second largest portion. In Yen? No, again, in dollars. Because they trust the dollar, and they know others do as well.

http://en.wikipedia.org/wiki/File:Composition_of_U.S._Long-Term_Treasury_Debt_2000-2014.svg

Sorry, I don't mean to break in to your conversation, but somehow I stumbled across it while researching sand vs. DLM for my coop run, a subject about which I know very little. I was relieved to find a topic I actually know about...

 

[rufus]

Well, let's see what happens after the October meeting of the IMF. Who knows what they will do, if anything. My fears may be unfounded, but so may the optimism of others. Wait and see.

 

[hemet dennis]

Well, let's see what happens after the October meeting of the IMF. Who knows what they will do, if anything. My fears may be unfounded, but so may the optimism of others. Wait and see.

What does the IMF have to do with anything ???????????

 

[rufus]

Well, just wait and see.