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Aecetia.
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February 6, 2009 at 9:55 PM #342884February 6, 2009 at 10:09 PM #342340
Arraya
ParticipantThe US possesses the world’s largest military, we are still the world’s reserve currency (for as long as that lasts), we have abundant natural resources and enjoy (to steal the British term) “splendid isolation”
Allen, the first two go hand in hand. Our military dominance is probably the only reason the currency reserve status has lasted. Really it’s the only thing giving the dollar any value. From an unbiased point of view it gives us an unfair advantage because we can run debt up to the moon and the world has to bare the burden of our debts. From a technical standpoint the dollar is strong because every other currency is collapsing and they are grabbing dollars but from a fundamental standpoint it’s crap and the world is losing faith fast and they should.
The reason we left the international gold standard was because we could not afford Vietnam. This funny money business of running up endless debts for our grandkids to payoff to persue empirical goals is getting old.
There is a tremendous amount of debt out there that requires economic growth to pay off. I don’t see it happening.
I agree are, our geography is favorable and we do have a natural resource rich land. Unfortunately the banksters, behind everybody’s backs, have been buying up farmland, mining rights etc… Real things, that should tell you something about the fate of our monetary system.
February 6, 2009 at 10:09 PM #342662ParticipantThe US possesses the world’s largest military, we are still the world’s reserve currency (for as long as that lasts), we have abundant natural resources and enjoy (to steal the British term) “splendid isolation”
Allen, the first two go hand in hand. Our military dominance is probably the only reason the currency reserve status has lasted. Really it’s the only thing giving the dollar any value. From an unbiased point of view it gives us an unfair advantage because we can run debt up to the moon and the world has to bare the burden of our debts. From a technical standpoint the dollar is strong because every other currency is collapsing and they are grabbing dollars but from a fundamental standpoint it’s crap and the world is losing faith fast and they should.
The reason we left the international gold standard was because we could not afford Vietnam. This funny money business of running up endless debts for our grandkids to payoff to persue empirical goals is getting old.
There is a tremendous amount of debt out there that requires economic growth to pay off. I don’t see it happening.
I agree are, our geography is favorable and we do have a natural resource rich land. Unfortunately the banksters, behind everybody’s backs, have been buying up farmland, mining rights etc… Real things, that should tell you something about the fate of our monetary system.
February 6, 2009 at 10:09 PM #342768ParticipantThe US possesses the world’s largest military, we are still the world’s reserve currency (for as long as that lasts), we have abundant natural resources and enjoy (to steal the British term) “splendid isolation”
Allen, the first two go hand in hand. Our military dominance is probably the only reason the currency reserve status has lasted. Really it’s the only thing giving the dollar any value. From an unbiased point of view it gives us an unfair advantage because we can run debt up to the moon and the world has to bare the burden of our debts. From a technical standpoint the dollar is strong because every other currency is collapsing and they are grabbing dollars but from a fundamental standpoint it’s crap and the world is losing faith fast and they should.
The reason we left the international gold standard was because we could not afford Vietnam. This funny money business of running up endless debts for our grandkids to payoff to persue empirical goals is getting old.
There is a tremendous amount of debt out there that requires economic growth to pay off. I don’t see it happening.
I agree are, our geography is favorable and we do have a natural resource rich land. Unfortunately the banksters, behind everybody’s backs, have been buying up farmland, mining rights etc… Real things, that should tell you something about the fate of our monetary system.
February 6, 2009 at 10:09 PM #342795ParticipantThe US possesses the world’s largest military, we are still the world’s reserve currency (for as long as that lasts), we have abundant natural resources and enjoy (to steal the British term) “splendid isolation”
Allen, the first two go hand in hand. Our military dominance is probably the only reason the currency reserve status has lasted. Really it’s the only thing giving the dollar any value. From an unbiased point of view it gives us an unfair advantage because we can run debt up to the moon and the world has to bare the burden of our debts. From a technical standpoint the dollar is strong because every other currency is collapsing and they are grabbing dollars but from a fundamental standpoint it’s crap and the world is losing faith fast and they should.
The reason we left the international gold standard was because we could not afford Vietnam. This funny money business of running up endless debts for our grandkids to payoff to persue empirical goals is getting old.
There is a tremendous amount of debt out there that requires economic growth to pay off. I don’t see it happening.
I agree are, our geography is favorable and we do have a natural resource rich land. Unfortunately the banksters, behind everybody’s backs, have been buying up farmland, mining rights etc… Real things, that should tell you something about the fate of our monetary system.
February 6, 2009 at 10:09 PM #342894ParticipantThe US possesses the world’s largest military, we are still the world’s reserve currency (for as long as that lasts), we have abundant natural resources and enjoy (to steal the British term) “splendid isolation”
Allen, the first two go hand in hand. Our military dominance is probably the only reason the currency reserve status has lasted. Really it’s the only thing giving the dollar any value. From an unbiased point of view it gives us an unfair advantage because we can run debt up to the moon and the world has to bare the burden of our debts. From a technical standpoint the dollar is strong because every other currency is collapsing and they are grabbing dollars but from a fundamental standpoint it’s crap and the world is losing faith fast and they should.
The reason we left the international gold standard was because we could not afford Vietnam. This funny money business of running up endless debts for our grandkids to payoff to persue empirical goals is getting old.
There is a tremendous amount of debt out there that requires economic growth to pay off. I don’t see it happening.
I agree are, our geography is favorable and we do have a natural resource rich land. Unfortunately the banksters, behind everybody’s backs, have been buying up farmland, mining rights etc… Real things, that should tell you something about the fate of our monetary system.
February 6, 2009 at 10:10 PM #342345Allan from Fallbrook
ParticipantGandalf: Are we back to the Volvo thing again? Dude, it’s gotta be silver, and dump that KPBS license plate holder in favor of the black Oakland Raiders version. It’ll make that Volvo baaaaadasssss.
Joking aside, I’ll profess to having a few “oh, shit” moments when I watch these events unfolding. I’ve got two kids and the thought of what might happen scares the shit out of me.
My uncle, who was a Marine fighter pilot in WWII and Korea and an investment banker later, had two pictures on his credenza. One was of Pearl Harbor a few days after the Japanese attack in 1941 when it was a smoking ruin and the other was of Pearl Harbor in late 1945 after the Japanese surrender, when the base had been completely rebuilt and was filled with hundreds of US Navy ships. He told me he kept those pictures as a reminder that, no matter how bad things appeared, with hard work, persistence and sheer dumb luck, you’d pull through. I’m hoping that’s true.
February 6, 2009 at 10:10 PM #342667ParticipantGandalf: Are we back to the Volvo thing again? Dude, it’s gotta be silver, and dump that KPBS license plate holder in favor of the black Oakland Raiders version. It’ll make that Volvo baaaaadasssss.
Joking aside, I’ll profess to having a few “oh, shit” moments when I watch these events unfolding. I’ve got two kids and the thought of what might happen scares the shit out of me.
My uncle, who was a Marine fighter pilot in WWII and Korea and an investment banker later, had two pictures on his credenza. One was of Pearl Harbor a few days after the Japanese attack in 1941 when it was a smoking ruin and the other was of Pearl Harbor in late 1945 after the Japanese surrender, when the base had been completely rebuilt and was filled with hundreds of US Navy ships. He told me he kept those pictures as a reminder that, no matter how bad things appeared, with hard work, persistence and sheer dumb luck, you’d pull through. I’m hoping that’s true.
February 6, 2009 at 10:10 PM #342773ParticipantGandalf: Are we back to the Volvo thing again? Dude, it’s gotta be silver, and dump that KPBS license plate holder in favor of the black Oakland Raiders version. It’ll make that Volvo baaaaadasssss.
Joking aside, I’ll profess to having a few “oh, shit” moments when I watch these events unfolding. I’ve got two kids and the thought of what might happen scares the shit out of me.
My uncle, who was a Marine fighter pilot in WWII and Korea and an investment banker later, had two pictures on his credenza. One was of Pearl Harbor a few days after the Japanese attack in 1941 when it was a smoking ruin and the other was of Pearl Harbor in late 1945 after the Japanese surrender, when the base had been completely rebuilt and was filled with hundreds of US Navy ships. He told me he kept those pictures as a reminder that, no matter how bad things appeared, with hard work, persistence and sheer dumb luck, you’d pull through. I’m hoping that’s true.
February 6, 2009 at 10:10 PM #342801ParticipantGandalf: Are we back to the Volvo thing again? Dude, it’s gotta be silver, and dump that KPBS license plate holder in favor of the black Oakland Raiders version. It’ll make that Volvo baaaaadasssss.
Joking aside, I’ll profess to having a few “oh, shit” moments when I watch these events unfolding. I’ve got two kids and the thought of what might happen scares the shit out of me.
My uncle, who was a Marine fighter pilot in WWII and Korea and an investment banker later, had two pictures on his credenza. One was of Pearl Harbor a few days after the Japanese attack in 1941 when it was a smoking ruin and the other was of Pearl Harbor in late 1945 after the Japanese surrender, when the base had been completely rebuilt and was filled with hundreds of US Navy ships. He told me he kept those pictures as a reminder that, no matter how bad things appeared, with hard work, persistence and sheer dumb luck, you’d pull through. I’m hoping that’s true.
February 6, 2009 at 10:10 PM #342899ParticipantGandalf: Are we back to the Volvo thing again? Dude, it’s gotta be silver, and dump that KPBS license plate holder in favor of the black Oakland Raiders version. It’ll make that Volvo baaaaadasssss.
Joking aside, I’ll profess to having a few “oh, shit” moments when I watch these events unfolding. I’ve got two kids and the thought of what might happen scares the shit out of me.
My uncle, who was a Marine fighter pilot in WWII and Korea and an investment banker later, had two pictures on his credenza. One was of Pearl Harbor a few days after the Japanese attack in 1941 when it was a smoking ruin and the other was of Pearl Harbor in late 1945 after the Japanese surrender, when the base had been completely rebuilt and was filled with hundreds of US Navy ships. He told me he kept those pictures as a reminder that, no matter how bad things appeared, with hard work, persistence and sheer dumb luck, you’d pull through. I’m hoping that’s true.
February 6, 2009 at 10:29 PM #342360gandalf
ParticipantTwo kids m’self. Same sentiments. No margin for error.
Good story about your uncle.
February 6, 2009 at 10:29 PM #342682ParticipantTwo kids m’self. Same sentiments. No margin for error.
Good story about your uncle.
February 6, 2009 at 10:29 PM #342788ParticipantTwo kids m’self. Same sentiments. No margin for error.
Good story about your uncle.
February 6, 2009 at 10:29 PM #342816ParticipantTwo kids m’self. Same sentiments. No margin for error.
Good story about your uncle.
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