|
|
|
#16
|
||||
|
||||
waiting to hear if BC pulled the $49/yr trigger.
|
#17
|
||||
|
||||
The 3 URLs provided by MTI portray Porter Stansberry as another snake oil opportunist. Can't say I'd argue with the findings in them.
But...how much longer can the U. S. dollar remain the reserve currency with things going the way they are?
__________________
Mike Murrell 1991 300-SEL - Model 126 M103 - SOHC "Fräulein" |
#18
|
||||
|
||||
Quote:
Good luck with that request. |
#19
|
|||
|
|||
Quote:
If they aren't conservative, and they aren't liberal.............what would you call them? Liberals are fine with supporting the oppressed without regard for where the money comes from. By that definition, they are Liberal. Liberal with spending. |
#20
|
|||
|
|||
You bet I did.
I'm still waiting for you to refute anything that he stated in the link.............if you even bothered to listen to it. |
#21
|
|||
|
|||
Quote:
Accordingly, the Government will have to pay more interest when that happens. |
#22
|
||||
|
||||
Setting aside any personal attacks on "Porter Stansberry", whoever he is, here are some facts about the World' Reserve Currency Issue:
Year 1999: US Dollar was 71% of the world reserve currency Year 2012: US Dollar was 61.20% of the world reserve currency In 13 short years, it dropped 9.8% The US economy has slid from a peak of 32.2% of world GDP in 2001 to 23.7% currently, or a 8.5% drop. Looks like 9.8% and 8.5%, respectively, seem to go hand-in-hand to some degree. Dollar 'losing grip as world's reserve currency' - Currencies | IOL Business | IOL.co.za Quite frankly, the media and those who benefit from the federal gifts may be satisfied by BO's endless campaign speeches, but money and the real global players could care less. Because the decline seems to have been accelerating as the debt grows and the debt-acceleration go hand and hand, I am thinking the decline will speed up much quicker in the next few years. I am also guessing that our consitutional scholar of a president will somehow blame Bush, who does in fact have a share of the blame, but our BO has made it a point to rapidly increase the debt. I wonder why ? |
#23
|
|||
|
|||
Because, without the will of the Congress to slash Medicare, Medicaid, and S/S, it is effectively impossible to control the outflow.
He can cut the budget by 2-3% and that would be extremely difficult. Since cutting those programs is akin to touching the third rail, it isn't likely to happen to the levels required. We stand on the tracks staring at a train and folks like MTI cannot even see the damn thing. |
#24
|
||||
|
||||
Quote:
|
#25
|
||||
|
||||
Quote:
On one end, there are folks who believe our BO wants to destroy or radically change the US. One way is to destroy the US Dollar. Destroy the dollar and you will destory the USA On the other end, it's simply a matter of being ignorant and a career politican who will do anything for a vote ... even if it means bringing down the system which gives him a job, status, and BO's sense of existence. Either way, the next 3 years will be interesting. The next issue will be tracking or monitoring the decline of the US Dollar as the worlds reserve currency and how much the USA is the global GDP. Those trends will speak volumes ... |
#26
|
||||
|
||||
What I've heard so far is compelling. I've been uneasy for some time now. Not just on the borrowing/monetary thing but on the sheer volume of stuff we consume, the level of which cannot continue. As we head further out on that limb, our talents for doing w/o such things declines. The use of phony money is somewhat similar to that.
Obama is not a complete fool but he reminds me of Bush in that both have/had a breezy sort of belief in their own mind, more than is merited. Pride/arrogance going before a fall.
__________________
1986 300SDL, 362K 1984 300D, 138K |
#27
|
||||
|
||||
Without hi-jacking the thread, I just had a mini-discussion with a buddy who is much more left leaning than myself. I posed the following question: How much debt do you believe the US government can handle or conversely, at what point would a certain amount of debt become untenable for the government. His response: there's no limit ... we could incure endless amounts of debt ...
I am thinking this is the voting majority's view and most likely the view on this forum. I do find this shocking. |
#28
|
|||
|
|||
Quote:
They cannot see clearly. |
#29
|
|||
|
|||
Quote:
Quote:
|
#30
|
||||
|
||||
Quote:
__________________
Happy Benzing Darryl, Hill 2005 SL55 AMG Kleemanized 1984 500 SEC 1967 W113 California Coupe [SIGPIC] https://picasaweb.google.com/lh/myphotos |
Bookmarks |
Thread Tools | |
Display Modes | |
|
|