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CA renter.
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July 10, 2009 at 11:28 AM #428847July 10, 2009 at 11:36 AM #428108
werewolf34
ParticipantI honestly don’t know.
If the ‘reserve currency’ is not the US dollar, I think it will start a war
July 10, 2009 at 11:36 AM #428335ParticipantI honestly don’t know.
If the ‘reserve currency’ is not the US dollar, I think it will start a war
July 10, 2009 at 11:36 AM #428626ParticipantI honestly don’t know.
If the ‘reserve currency’ is not the US dollar, I think it will start a war
July 10, 2009 at 11:36 AM #428696ParticipantI honestly don’t know.
If the ‘reserve currency’ is not the US dollar, I think it will start a war
July 10, 2009 at 11:36 AM #428857ParticipantI honestly don’t know.
If the ‘reserve currency’ is not the US dollar, I think it will start a war
July 10, 2009 at 11:53 AM #428134Arraya
Participant[quote=werewolf34]I honestly don’t know.
If the ‘reserve currency’ is not the US dollar, I think it will start a war[/quote]
It will make the US unable to fund operations. The reserve currency status is like a tax to the empire via the recycling of petro-dollars.
We’d have to shut most of the HUGE government down including the military and all it’s bases.
It would not be a pretty process.
Conversely, keeping the financial order the same imposes a possible single point of failure for the whole world economy. WIth a quickly deflation economy and skyrocketing deficit becomes more likely every day.
The world is in a sticky position.
July 10, 2009 at 11:53 AM #428360Participant[quote=werewolf34]I honestly don’t know.
If the ‘reserve currency’ is not the US dollar, I think it will start a war[/quote]
It will make the US unable to fund operations. The reserve currency status is like a tax to the empire via the recycling of petro-dollars.
We’d have to shut most of the HUGE government down including the military and all it’s bases.
It would not be a pretty process.
Conversely, keeping the financial order the same imposes a possible single point of failure for the whole world economy. WIth a quickly deflation economy and skyrocketing deficit becomes more likely every day.
The world is in a sticky position.
July 10, 2009 at 11:53 AM #428651Participant[quote=werewolf34]I honestly don’t know.
If the ‘reserve currency’ is not the US dollar, I think it will start a war[/quote]
It will make the US unable to fund operations. The reserve currency status is like a tax to the empire via the recycling of petro-dollars.
We’d have to shut most of the HUGE government down including the military and all it’s bases.
It would not be a pretty process.
Conversely, keeping the financial order the same imposes a possible single point of failure for the whole world economy. WIth a quickly deflation economy and skyrocketing deficit becomes more likely every day.
The world is in a sticky position.
July 10, 2009 at 11:53 AM #428722Participant[quote=werewolf34]I honestly don’t know.
If the ‘reserve currency’ is not the US dollar, I think it will start a war[/quote]
It will make the US unable to fund operations. The reserve currency status is like a tax to the empire via the recycling of petro-dollars.
We’d have to shut most of the HUGE government down including the military and all it’s bases.
It would not be a pretty process.
Conversely, keeping the financial order the same imposes a possible single point of failure for the whole world economy. WIth a quickly deflation economy and skyrocketing deficit becomes more likely every day.
The world is in a sticky position.
July 10, 2009 at 11:53 AM #428881Participant[quote=werewolf34]I honestly don’t know.
If the ‘reserve currency’ is not the US dollar, I think it will start a war[/quote]
It will make the US unable to fund operations. The reserve currency status is like a tax to the empire via the recycling of petro-dollars.
We’d have to shut most of the HUGE government down including the military and all it’s bases.
It would not be a pretty process.
Conversely, keeping the financial order the same imposes a possible single point of failure for the whole world economy. WIth a quickly deflation economy and skyrocketing deficit becomes more likely every day.
The world is in a sticky position.
July 10, 2009 at 11:57 AM #428144dbapig
Participant[quote=capeman]You’ve got to put it into context.
We (.gov) didn’t give AIG 180 Billion. We gave Goldman Sachs, JPM, Citi, other banks and sovereign funds nearly 180 Billion using AIG as a conduit paying out their CDS. That adds no value to AIG but sure made all of the banks involved have record Q1 profits![/quote]
And all of them should’ve lost the money for making bad investment. But of course they are too big to fail.
July 10, 2009 at 11:57 AM #428370Participant[quote=capeman]You’ve got to put it into context.
We (.gov) didn’t give AIG 180 Billion. We gave Goldman Sachs, JPM, Citi, other banks and sovereign funds nearly 180 Billion using AIG as a conduit paying out their CDS. That adds no value to AIG but sure made all of the banks involved have record Q1 profits![/quote]
And all of them should’ve lost the money for making bad investment. But of course they are too big to fail.
July 10, 2009 at 11:57 AM #428660Participant[quote=capeman]You’ve got to put it into context.
We (.gov) didn’t give AIG 180 Billion. We gave Goldman Sachs, JPM, Citi, other banks and sovereign funds nearly 180 Billion using AIG as a conduit paying out their CDS. That adds no value to AIG but sure made all of the banks involved have record Q1 profits![/quote]
And all of them should’ve lost the money for making bad investment. But of course they are too big to fail.
July 10, 2009 at 11:57 AM #428731Participant[quote=capeman]You’ve got to put it into context.
We (.gov) didn’t give AIG 180 Billion. We gave Goldman Sachs, JPM, Citi, other banks and sovereign funds nearly 180 Billion using AIG as a conduit paying out their CDS. That adds no value to AIG but sure made all of the banks involved have record Q1 profits![/quote]
And all of them should’ve lost the money for making bad investment. But of course they are too big to fail.
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