Day of reckoning looms for the U.S. dollar

[peterb]

Wouldnt be too quick to call this a recovery just yet. Another hard dive in the markets and the US$ will probably rise strongly. All currencies are abused at this point in time. If anything, I would think gold will emerge more strongly over the next few years. But world commerce still trades in US$. This will probably not change when fear and risk aversion re-enter the markets.

[bsrsharma]

Time to legalize counterfeiting

Many Americans today believe certain illegal vices in our society should be decriminalized, taxed, and regulated. The most popular of these vices include marijuana smoking, prostitution, and all forms of gambling. The proponents for decriminalization believe that the new tax revenues produced would help support schools, healthcare, and the impoverished, ease the pain of taxpayers, and reduce the deficit. They also believe that transgressions such as these will take place no matter, but, if properly regulated, would be safer for society in general. It would be a win, win situation.

Unfortunately, when it comes to lowering taxes and helping the downtrodden, the best-laid government plans seem to fall short of expectations. However, there is one vice, one small illegal indiscretion, that, if decriminalized would solve all our problems. The United States needs to legalize the victimless crime known as counterfeiting….

http://www.renewamerica.us/columns/witkov/090522

[bsrsharma]

Time to legalize counterfeiting

Many Americans today believe certain illegal vices in our society should be decriminalized, taxed, and regulated. The most popular of these vices include marijuana smoking, prostitution, and all forms of gambling. The proponents for decriminalization believe that the new tax revenues produced would help support schools, healthcare, and the impoverished, ease the pain of taxpayers, and reduce the deficit. They also believe that transgressions such as these will take place no matter, but, if properly regulated, would be safer for society in general. It would be a win, win situation.

Unfortunately, when it comes to lowering taxes and helping the downtrodden, the best-laid government plans seem to fall short of expectations. However, there is one vice, one small illegal indiscretion, that, if decriminalized would solve all our problems. The United States needs to legalize the victimless crime known as counterfeiting….

http://www.renewamerica.us/columns/witkov/090522

[bsrsharma]

Time to legalize counterfeiting

Many Americans today believe certain illegal vices in our society should be decriminalized, taxed, and regulated. The most popular of these vices include marijuana smoking, prostitution, and all forms of gambling. The proponents for decriminalization believe that the new tax revenues produced would help support schools, healthcare, and the impoverished, ease the pain of taxpayers, and reduce the deficit. They also believe that transgressions such as these will take place no matter, but, if properly regulated, would be safer for society in general. It would be a win, win situation.

Unfortunately, when it comes to lowering taxes and helping the downtrodden, the best-laid government plans seem to fall short of expectations. However, there is one vice, one small illegal indiscretion, that, if decriminalized would solve all our problems. The United States needs to legalize the victimless crime known as counterfeiting….

http://www.renewamerica.us/columns/witkov/090522

[bsrsharma]

Time to legalize counterfeiting

Many Americans today believe certain illegal vices in our society should be decriminalized, taxed, and regulated. The most popular of these vices include marijuana smoking, prostitution, and all forms of gambling. The proponents for decriminalization believe that the new tax revenues produced would help support schools, healthcare, and the impoverished, ease the pain of taxpayers, and reduce the deficit. They also believe that transgressions such as these will take place no matter, but, if properly regulated, would be safer for society in general. It would be a win, win situation.

Unfortunately, when it comes to lowering taxes and helping the downtrodden, the best-laid government plans seem to fall short of expectations. However, there is one vice, one small illegal indiscretion, that, if decriminalized would solve all our problems. The United States needs to legalize the victimless crime known as counterfeiting….

http://www.renewamerica.us/columns/witkov/090522

[bsrsharma]

Time to legalize counterfeiting

Many Americans today believe certain illegal vices in our society should be decriminalized, taxed, and regulated. The most popular of these vices include marijuana smoking, prostitution, and all forms of gambling. The proponents for decriminalization believe that the new tax revenues produced would help support schools, healthcare, and the impoverished, ease the pain of taxpayers, and reduce the deficit. They also believe that transgressions such as these will take place no matter, but, if properly regulated, would be safer for society in general. It would be a win, win situation.

Unfortunately, when it comes to lowering taxes and helping the downtrodden, the best-laid government plans seem to fall short of expectations. However, there is one vice, one small illegal indiscretion, that, if decriminalized would solve all our problems. The United States needs to legalize the victimless crime known as counterfeiting….

http://www.renewamerica.us/columns/witkov/090522

[patientrenter]

I too don’t understand why sovereign US debt (denominated in dollars) wouldn’t always be AAA-rated. I thought the rating agencies only rated for legal default. When the US defaults, it will not be a legal default, it will be an effective but partial and indirect default using inflation.

[patientrenter]

I too don’t understand why sovereign US debt (denominated in dollars) wouldn’t always be AAA-rated. I thought the rating agencies only rated for legal default. When the US defaults, it will not be a legal default, it will be an effective but partial and indirect default using inflation.

[patientrenter]

I too don’t understand why sovereign US debt (denominated in dollars) wouldn’t always be AAA-rated. I thought the rating agencies only rated for legal default. When the US defaults, it will not be a legal default, it will be an effective but partial and indirect default using inflation.

[patientrenter]

I too don’t understand why sovereign US debt (denominated in dollars) wouldn’t always be AAA-rated. I thought the rating agencies only rated for legal default. When the US defaults, it will not be a legal default, it will be an effective but partial and indirect default using inflation.

[patientrenter]

I too don’t understand why sovereign US debt (denominated in dollars) wouldn’t always be AAA-rated. I thought the rating agencies only rated for legal default. When the US defaults, it will not be a legal default, it will be an effective but partial and indirect default using inflation.

[bsrsharma]

U.K. Company Bonds Fall After S&P Cuts Rating Outlook

U.K. corporate bonds fell the most in six weeks and the cost of hedging against losses on government debt jumped, after Standard & Poor’s cut the outlook on the nation’s AAA credit rating to “negative.” …

http://www.bloomberg.com/apps/news?pid=20601102&sid=aoQZU_FvUSJI&refer=uk

It just happened in UK. The S&P thumb rule seems to be to downgrade sovereign debt when debt exceeds GDP. U.S. is close to that.

See also http://www.breitbart.tv/?p=344843

(‘We’re Out of Money Now’: Obama Outlines Fiscal Challenges Facing US)

[bsrsharma]

U.K. Company Bonds Fall After S&P Cuts Rating Outlook

U.K. corporate bonds fell the most in six weeks and the cost of hedging against losses on government debt jumped, after Standard & Poor’s cut the outlook on the nation’s AAA credit rating to “negative.” …

http://www.bloomberg.com/apps/news?pid=20601102&sid=aoQZU_FvUSJI&refer=uk

It just happened in UK. The S&P thumb rule seems to be to downgrade sovereign debt when debt exceeds GDP. U.S. is close to that.

See also http://www.breitbart.tv/?p=344843

(‘We’re Out of Money Now’: Obama Outlines Fiscal Challenges Facing US)

[bsrsharma]

U.K. Company Bonds Fall After S&P Cuts Rating Outlook

U.K. corporate bonds fell the most in six weeks and the cost of hedging against losses on government debt jumped, after Standard & Poor’s cut the outlook on the nation’s AAA credit rating to “negative.” …

http://www.bloomberg.com/apps/news?pid=20601102&sid=aoQZU_FvUSJI&refer=uk

It just happened in UK. The S&P thumb rule seems to be to downgrade sovereign debt when debt exceeds GDP. U.S. is close to that.

See also http://www.breitbart.tv/?p=344843

(‘We’re Out of Money Now’: Obama Outlines Fiscal Challenges Facing US)

[bsrsharma]

U.K. Company Bonds Fall After S&P Cuts Rating Outlook

U.K. corporate bonds fell the most in six weeks and the cost of hedging against losses on government debt jumped, after Standard & Poor’s cut the outlook on the nation’s AAA credit rating to “negative.” …

http://www.bloomberg.com/apps/news?pid=20601102&sid=aoQZU_FvUSJI&refer=uk

It just happened in UK. The S&P thumb rule seems to be to downgrade sovereign debt when debt exceeds GDP. U.S. is close to that.

See also http://www.breitbart.tv/?p=344843

(‘We’re Out of Money Now’: Obama Outlines Fiscal Challenges Facing US)

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