Home › Forums › Financial Markets/Economics › U.S. TO DEFAULT ON ITS DEBT – SUMMER 2009
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November 13, 2008 at 10:15 PM #304690November 14, 2008 at 12:08 AM #304324
partypup
Participant[quote=arraya]And then we have this…
http://news.theage.com.au/business/us-no…
The US dollar can no longer claim to be the sole world currency, French President Nicolas Sarkozy said on Thursday before a weekend summit on the global financial crisis that has its roots in the United States.
“I leave for Washington tomorrow to explain that the dollar, which at the end of World War II was the only world currency, can no longer claim to be the sole world currency,” Sarkozy said.
[/quote]Wow. I’d love to read this, but the link doesn’t work. I suspected something big was brewing for the November 16 summit. And I find it most peculiar that Obama will not be attending.
http://www.washingtontimes.com/news/2008/nov/11/obama-steering-clear-of-global-economic-summit-1/
You would think that he might have some interest in knowing about the new global financial order that is being wrought before he assumes office. Instead, he intends to send his lackeys. Politically, it’s a shrewd move; he is trying to distance himself from Bush’s mess. Practically speaking, though, this mess will be his alone in due time. And in this time of crisis, I would think he’d put country before politics.
November 14, 2008 at 12:08 AM #304693Participant[quote=arraya]And then we have this…
http://news.theage.com.au/business/us-no…
The US dollar can no longer claim to be the sole world currency, French President Nicolas Sarkozy said on Thursday before a weekend summit on the global financial crisis that has its roots in the United States.
“I leave for Washington tomorrow to explain that the dollar, which at the end of World War II was the only world currency, can no longer claim to be the sole world currency,” Sarkozy said.
[/quote]Wow. I’d love to read this, but the link doesn’t work. I suspected something big was brewing for the November 16 summit. And I find it most peculiar that Obama will not be attending.
http://www.washingtontimes.com/news/2008/nov/11/obama-steering-clear-of-global-economic-summit-1/
You would think that he might have some interest in knowing about the new global financial order that is being wrought before he assumes office. Instead, he intends to send his lackeys. Politically, it’s a shrewd move; he is trying to distance himself from Bush’s mess. Practically speaking, though, this mess will be his alone in due time. And in this time of crisis, I would think he’d put country before politics.
November 14, 2008 at 12:08 AM #304704Participant[quote=arraya]And then we have this…
http://news.theage.com.au/business/us-no…
The US dollar can no longer claim to be the sole world currency, French President Nicolas Sarkozy said on Thursday before a weekend summit on the global financial crisis that has its roots in the United States.
“I leave for Washington tomorrow to explain that the dollar, which at the end of World War II was the only world currency, can no longer claim to be the sole world currency,” Sarkozy said.
[/quote]Wow. I’d love to read this, but the link doesn’t work. I suspected something big was brewing for the November 16 summit. And I find it most peculiar that Obama will not be attending.
http://www.washingtontimes.com/news/2008/nov/11/obama-steering-clear-of-global-economic-summit-1/
You would think that he might have some interest in knowing about the new global financial order that is being wrought before he assumes office. Instead, he intends to send his lackeys. Politically, it’s a shrewd move; he is trying to distance himself from Bush’s mess. Practically speaking, though, this mess will be his alone in due time. And in this time of crisis, I would think he’d put country before politics.
November 14, 2008 at 12:08 AM #304721Participant[quote=arraya]And then we have this…
http://news.theage.com.au/business/us-no…
The US dollar can no longer claim to be the sole world currency, French President Nicolas Sarkozy said on Thursday before a weekend summit on the global financial crisis that has its roots in the United States.
“I leave for Washington tomorrow to explain that the dollar, which at the end of World War II was the only world currency, can no longer claim to be the sole world currency,” Sarkozy said.
[/quote]Wow. I’d love to read this, but the link doesn’t work. I suspected something big was brewing for the November 16 summit. And I find it most peculiar that Obama will not be attending.
http://www.washingtontimes.com/news/2008/nov/11/obama-steering-clear-of-global-economic-summit-1/
You would think that he might have some interest in knowing about the new global financial order that is being wrought before he assumes office. Instead, he intends to send his lackeys. Politically, it’s a shrewd move; he is trying to distance himself from Bush’s mess. Practically speaking, though, this mess will be his alone in due time. And in this time of crisis, I would think he’d put country before politics.
November 14, 2008 at 12:08 AM #304779Participant[quote=arraya]And then we have this…
http://news.theage.com.au/business/us-no…
The US dollar can no longer claim to be the sole world currency, French President Nicolas Sarkozy said on Thursday before a weekend summit on the global financial crisis that has its roots in the United States.
“I leave for Washington tomorrow to explain that the dollar, which at the end of World War II was the only world currency, can no longer claim to be the sole world currency,” Sarkozy said.
[/quote]Wow. I’d love to read this, but the link doesn’t work. I suspected something big was brewing for the November 16 summit. And I find it most peculiar that Obama will not be attending.
http://www.washingtontimes.com/news/2008/nov/11/obama-steering-clear-of-global-economic-summit-1/
You would think that he might have some interest in knowing about the new global financial order that is being wrought before he assumes office. Instead, he intends to send his lackeys. Politically, it’s a shrewd move; he is trying to distance himself from Bush’s mess. Practically speaking, though, this mess will be his alone in due time. And in this time of crisis, I would think he’d put country before politics.
November 14, 2008 at 12:16 AM #304329sdduuuude
Participantkewp – nice job on this thread.
arraya – if some country loans us dollars and we are to pay them back in dollars, whether or not the dollar is the only reserve currency or not a reserve currency or one of many reserve currencies doesn’t mean anything. What matters is we can print dollars and give them to the people from whom we borrowed the dollars.
Lots of long posts on here. Not sure why. It’s pretty simple.
arraya – suggest you spend some time reading Mish’s site. You could spend a week in there and not come out. He is one guy who really gets it.
November 14, 2008 at 12:16 AM #304698Participantkewp – nice job on this thread.
arraya – if some country loans us dollars and we are to pay them back in dollars, whether or not the dollar is the only reserve currency or not a reserve currency or one of many reserve currencies doesn’t mean anything. What matters is we can print dollars and give them to the people from whom we borrowed the dollars.
Lots of long posts on here. Not sure why. It’s pretty simple.
arraya – suggest you spend some time reading Mish’s site. You could spend a week in there and not come out. He is one guy who really gets it.
November 14, 2008 at 12:16 AM #304709Participantkewp – nice job on this thread.
arraya – if some country loans us dollars and we are to pay them back in dollars, whether or not the dollar is the only reserve currency or not a reserve currency or one of many reserve currencies doesn’t mean anything. What matters is we can print dollars and give them to the people from whom we borrowed the dollars.
Lots of long posts on here. Not sure why. It’s pretty simple.
arraya – suggest you spend some time reading Mish’s site. You could spend a week in there and not come out. He is one guy who really gets it.
November 14, 2008 at 12:16 AM #304726Participantkewp – nice job on this thread.
arraya – if some country loans us dollars and we are to pay them back in dollars, whether or not the dollar is the only reserve currency or not a reserve currency or one of many reserve currencies doesn’t mean anything. What matters is we can print dollars and give them to the people from whom we borrowed the dollars.
Lots of long posts on here. Not sure why. It’s pretty simple.
arraya – suggest you spend some time reading Mish’s site. You could spend a week in there and not come out. He is one guy who really gets it.
November 14, 2008 at 12:16 AM #304784Participantkewp – nice job on this thread.
arraya – if some country loans us dollars and we are to pay them back in dollars, whether or not the dollar is the only reserve currency or not a reserve currency or one of many reserve currencies doesn’t mean anything. What matters is we can print dollars and give them to the people from whom we borrowed the dollars.
Lots of long posts on here. Not sure why. It’s pretty simple.
arraya – suggest you spend some time reading Mish’s site. You could spend a week in there and not come out. He is one guy who really gets it.
November 14, 2008 at 12:58 AM #304334TheBreeze
Participant[quote=partypup]
And I find it most peculiar that Obama will not be attending.
http://www.washingtontimes.com/news/2008/nov/11/obama-steering-clear-of-global-economic-summit-1/
You would think that he might have some interest in knowing about the new global financial order that is being wrought before he assumes office. Instead, he intends to send his lackeys. Politically, it’s a shrewd move; he is trying to distance himself from Bush’s mess. Practically speaking, though, this mess will be his alone in due time. And in this time of crisis, I would think he’d put country before politics.[/quote]
Barack is making the right move here. He doesn’t become President until January 20th and he doesn’t want to get ensnared in any of Dumbya’s idiotic policies before then.
November 14, 2008 at 12:58 AM #304703Participant[quote=partypup]
And I find it most peculiar that Obama will not be attending.
http://www.washingtontimes.com/news/2008/nov/11/obama-steering-clear-of-global-economic-summit-1/
You would think that he might have some interest in knowing about the new global financial order that is being wrought before he assumes office. Instead, he intends to send his lackeys. Politically, it’s a shrewd move; he is trying to distance himself from Bush’s mess. Practically speaking, though, this mess will be his alone in due time. And in this time of crisis, I would think he’d put country before politics.[/quote]
Barack is making the right move here. He doesn’t become President until January 20th and he doesn’t want to get ensnared in any of Dumbya’s idiotic policies before then.
November 14, 2008 at 12:58 AM #304714Participant[quote=partypup]
And I find it most peculiar that Obama will not be attending.
http://www.washingtontimes.com/news/2008/nov/11/obama-steering-clear-of-global-economic-summit-1/
You would think that he might have some interest in knowing about the new global financial order that is being wrought before he assumes office. Instead, he intends to send his lackeys. Politically, it’s a shrewd move; he is trying to distance himself from Bush’s mess. Practically speaking, though, this mess will be his alone in due time. And in this time of crisis, I would think he’d put country before politics.[/quote]
Barack is making the right move here. He doesn’t become President until January 20th and he doesn’t want to get ensnared in any of Dumbya’s idiotic policies before then.
November 14, 2008 at 12:58 AM #304731Participant[quote=partypup]
And I find it most peculiar that Obama will not be attending.
http://www.washingtontimes.com/news/2008/nov/11/obama-steering-clear-of-global-economic-summit-1/
You would think that he might have some interest in knowing about the new global financial order that is being wrought before he assumes office. Instead, he intends to send his lackeys. Politically, it’s a shrewd move; he is trying to distance himself from Bush’s mess. Practically speaking, though, this mess will be his alone in due time. And in this time of crisis, I would think he’d put country before politics.[/quote]
Barack is making the right move here. He doesn’t become President until January 20th and he doesn’t want to get ensnared in any of Dumbya’s idiotic policies before then.
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