OT: Countdown: Three Weeks to Chaos

[partypup]

[quote=Aecetia]I wonder what Congress invests in? Is it precious metals and what it their exit strategy? I would imagine a large traffic jam trying to get out of DC, kind of like Independence Day when the aliens start blowing up the Capitol. Good luck with that.[/quote]

A: I think they were planning to use shiny new jets (and put it on our tab) to make their escape in. But that didn’t quite work out as planned…hehehe.

“House Democratic leaders said Monday that they will not force the Pentagon to buy four new passenger jets used to ferry senior government officials.

Democrats have been criticized for adding $330 million to the Air Force’s 2010 budget to buy the jets even though the Pentagon didn’t request the money.”

Read more at: http://www.huffingtonpost.com/2009/08/10/new-congressional-jets-ma_n_256110.html

[svelte]

[quote=partypup]
If the Fed does not intend to raise interest rates – and let’s face it, they can’t – then we really are witnessing the end of the buck – first as a reserve currency (which has technically already happened over the last 2 months as banks have radically shifted their allocation of reserves), then as a currency, period. I suspect the first milestone will officially be crossed at the end of the month. By the end of next year, I think we will be hearing Congress and Obama bleat about developing a new currency/alternative to the dollar.[/quote]

Wow, now you’ve gone on record: end of 2010 we get a new currency if the Fed does not raise interest rates.

I admire your willingness to go on record with something so radical. I don’t think I agree with you, but I certainly respect your convictions.

I’m still kicking my arse for not heeding your warning in Sept 2008 and not moving my 401K monies, I would be so much happier right now had I pulled out and jumped back in this summer. Argh.

[svelte]

[quote=partypup]
If the Fed does not intend to raise interest rates – and let’s face it, they can’t – then we really are witnessing the end of the buck – first as a reserve currency (which has technically already happened over the last 2 months as banks have radically shifted their allocation of reserves), then as a currency, period. I suspect the first milestone will officially be crossed at the end of the month. By the end of next year, I think we will be hearing Congress and Obama bleat about developing a new currency/alternative to the dollar.[/quote]

Wow, now you’ve gone on record: end of 2010 we get a new currency if the Fed does not raise interest rates.

I admire your willingness to go on record with something so radical. I don’t think I agree with you, but I certainly respect your convictions.

I’m still kicking my arse for not heeding your warning in Sept 2008 and not moving my 401K monies, I would be so much happier right now had I pulled out and jumped back in this summer. Argh.

[svelte]

[quote=partypup]
If the Fed does not intend to raise interest rates – and let’s face it, they can’t – then we really are witnessing the end of the buck – first as a reserve currency (which has technically already happened over the last 2 months as banks have radically shifted their allocation of reserves), then as a currency, period. I suspect the first milestone will officially be crossed at the end of the month. By the end of next year, I think we will be hearing Congress and Obama bleat about developing a new currency/alternative to the dollar.[/quote]

Wow, now you’ve gone on record: end of 2010 we get a new currency if the Fed does not raise interest rates.

I admire your willingness to go on record with something so radical. I don’t think I agree with you, but I certainly respect your convictions.

I’m still kicking my arse for not heeding your warning in Sept 2008 and not moving my 401K monies, I would be so much happier right now had I pulled out and jumped back in this summer. Argh.

[svelte]

[quote=partypup]
If the Fed does not intend to raise interest rates – and let’s face it, they can’t – then we really are witnessing the end of the buck – first as a reserve currency (which has technically already happened over the last 2 months as banks have radically shifted their allocation of reserves), then as a currency, period. I suspect the first milestone will officially be crossed at the end of the month. By the end of next year, I think we will be hearing Congress and Obama bleat about developing a new currency/alternative to the dollar.[/quote]

Wow, now you’ve gone on record: end of 2010 we get a new currency if the Fed does not raise interest rates.

I admire your willingness to go on record with something so radical. I don’t think I agree with you, but I certainly respect your convictions.

I’m still kicking my arse for not heeding your warning in Sept 2008 and not moving my 401K monies, I would be so much happier right now had I pulled out and jumped back in this summer. Argh.

[svelte]

[quote=partypup]
If the Fed does not intend to raise interest rates – and let’s face it, they can’t – then we really are witnessing the end of the buck – first as a reserve currency (which has technically already happened over the last 2 months as banks have radically shifted their allocation of reserves), then as a currency, period. I suspect the first milestone will officially be crossed at the end of the month. By the end of next year, I think we will be hearing Congress and Obama bleat about developing a new currency/alternative to the dollar.[/quote]

Wow, now you’ve gone on record: end of 2010 we get a new currency if the Fed does not raise interest rates.

I admire your willingness to go on record with something so radical. I don’t think I agree with you, but I certainly respect your convictions.

I’m still kicking my arse for not heeding your warning in Sept 2008 and not moving my 401K monies, I would be so much happier right now had I pulled out and jumped back in this summer. Argh.

[CricketOnTheHearth]

Link please?

for CBO article, Arraya on October 13, 2009 – 8:27pm

[CricketOnTheHearth]

Link please?

for CBO article, Arraya on October 13, 2009 – 8:27pm

[CricketOnTheHearth]

Link please?

for CBO article, Arraya on October 13, 2009 – 8:27pm

[CricketOnTheHearth]

Link please?

for CBO article, Arraya on October 13, 2009 – 8:27pm

[CricketOnTheHearth]

Link please?

for CBO article, Arraya on October 13, 2009 – 8:27pm

[Arraya]

[quote=CricketOnTheHearth]Link please?

for CBO article, Arraya on October 13, 2009 – 8:27pm[/quote]

http://www.moneyandmarkets.com/three-government-reports-point-to-fiscal-doomsday-3-35720

[Arraya]

[quote=CricketOnTheHearth]Link please?

for CBO article, Arraya on October 13, 2009 – 8:27pm[/quote]

http://www.moneyandmarkets.com/three-government-reports-point-to-fiscal-doomsday-3-35720

[Arraya]

[quote=CricketOnTheHearth]Link please?

for CBO article, Arraya on October 13, 2009 – 8:27pm[/quote]

http://www.moneyandmarkets.com/three-government-reports-point-to-fiscal-doomsday-3-35720

[Arraya]

[quote=CricketOnTheHearth]Link please?

for CBO article, Arraya on October 13, 2009 – 8:27pm[/quote]

http://www.moneyandmarkets.com/three-government-reports-point-to-fiscal-doomsday-3-35720

[Author]

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