LibertyLemming
VIP Member
unless they do a global currency, then it'll suck.
Looking forward to watching the topics change on USMB tho
Looking forward to watching the topics change on USMB tho
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What's gonna collapse it?
What's gonna collapse it?
What's gonna collapse it?
I'm guessing he will say, "Obama." (or a cutsey nickname for Obama)
I'm late - and I stand corrected. My back - and apologies.
What's gonna collapse it?
What's gonna collapse it?
What's gonna collapse it?
Inflation leading to devaluing. Pretty simple.
What's gonna collapse it?
Inflation leading to devaluing. Pretty simple.
Yeah I've heard the "hyper-inflation is immenent" war cry on these boards for many years now. I have yet to actually see it.
Maybe it IS right around the corner, but you'll pardon my "little boy who cried wolf" lack of concern.
What's gonna collapse it?
Dollar Bill is gunna collapse
We have been hearing that one from Conservatives for a hundred years
I guess sooner or later you will be right
Hey, if we let the teabaggers have their way, it could happen before the end February!It's gonna be awesome when the dollar collapses in 10-20 years
What's gonna collapse it?
The federal government borrowed 46 cents of every dollar it has spent so far in fiscal year 2013,try it yourself and see how long you would last .
Hey, if we let the teabaggers have their way, it could happen before the end February!It's gonna be awesome when the dollar collapses in 10-20 years
Hey, if we let the teabaggers have their way, it could happen before the end February!It's gonna be awesome when the dollar collapses in 10-20 years
This is not me advocating all Tea Party ideas, but cutting spending certainly wouldn't hurt because it would slow us borrowing/printing money.
"First, the end of the initial wave of communism created a world that was unified under a single property-based economic system. Second, the opening of China and India added 3 billion producers and consumers to global markets. Third, the revolution in information technology made globalization possible by slashing communications and logistics costs. Fourth, the worldwide adoption of pure paper money ‑ money not backed by gold, silver, currency pegs or any other arbitrary standards of value ‑ allowed governments to stabilize macroeconomic cycles to a previously unimaginable degree.
These powerful megatrends inspired economic optimism, but for that very reason they created financial bubbles, followed by inevitable busts. The tragedy of 2008 was that a blind faith in markets dissuaded governments from properly managing these boom-bust cycles, thereby creating an unprecedented financial collapse. That crisis, however, is now over. Policymakers and voters have recognized that markets cannot be left to their own devices. Economies need to be managed. As a result, a new model of managed global capitalism is evolving, and gradually replacing the market fundamentalism that dominated the world from the Reagan-Thatcher period until 2008.
How, then, could expectations about 2013 be as gloomy as they were about 2012? The obvious answer is the uncertainty that prevailed until very recently about economic policies all over the world about the euro, about the role of central banking, about the Chinese leadership, about the U.S. election and most recently about the fiscal cliff. The fact is, however, that these political uncertainties are largely resolved. The euro has survived because Germany has abandoned central banking taboos left over from the monetarist 1980s. President Barack Obama has been re-elected, allowing the Federal Reserve to continue its unprecedented monetary expansion.
Now that the policy questions have been largely settled, investors, businesspeople and consumers, even if they dislike some of the political outcomes, will be forced to shift their attention back to economics and business conditions. And as they do this, they will notice that economic fundamentals are actually rather better than they thought. This greater confidence will initially be inspired by short-term cyclical improvements, but as time goes on the structural changes in the world economy will again come to the fore."
lol I don't care if the economy picks up a bit, inflation and money printing/borrowing is going to continue. all FIAT currencies die