--- In FairfieldLife@yahoogroups.com <mailto:FairfieldLife@yahoogroups.com> , "sparaig" <[EMAIL PROTECTED]> wrote: > > --- In FairfieldLife@yahoogroups.com <mailto:FairfieldLife@yahoogroups.com> , off_world_beings <no_reply@> wrote: > > > > > > --- In FairfieldLife@yahoogroups.com <mailto:FairfieldLife@yahoogroups.com> > > <mailto:FairfieldLife@yahoogroups.com <mailto:FairfieldLife@yahoogroups.com> > , "sparaig" <LEnglish5@> > > wrote: > > > > > > --- In FairfieldLife@yahoogroups.com <mailto:FairfieldLife@yahoogroups.com> > > <mailto:FairfieldLife@yahoogroups.com <mailto:FairfieldLife@yahoogroups.com> > , off_world_beings <no_reply@> > > wrote: > > > > > > > > > > > > --- In FairfieldLife@yahoogroups.com <mailto:FairfieldLife@yahoogroups.com> > > <mailto:FairfieldLife@yahoogroups.com <mailto:FairfieldLife@yahoogroups.com> > > > > > <mailto:FairfieldLife@yahoogroups.com <mailto:FairfieldLife@yahoogroups.com> > > <mailto:FairfieldLife@yahoogroups.com <mailto:FairfieldLife@yahoogroups.com> > > , "Richard J. Williams" > > > > <willytex@> wrote: > > > > > > > > > > off_world_beings wrote: > > > > > > Its the trillion+ dollars wasted in > > > > > > Iraq that did it. > > > > > > > > > > > The 'war' caused the current mortgage > > > > > credit crises? This doesn't even make > > > > > any sense! >> > > > > > > > > You are very stupid. > > > > Imagine if the illegal Iraq war had never been undertaken. > > > > One trillion dollars extra would be floating around the US economy > > with > > > > nothing to do except boost the whole economy on all levels. The > > > > result?...no-foreclosures, no bad debts, continuing moderate > > real-estate > > > > equity rise nationwide. > > > > You have to be incredibly stupid not to see this. > > > > > > > > OffWorld > > > > > > > > > > Will, given that the money was borrowed from others, I don't think > > that that is so. > > > > > > What you COULD claim is that people are uncomfortable loaning the USA > > MORE > > > money, but even that is probably overly simplistic. > > > > > > > > > > No, the war drained any possibility of a thriving economy. The money is > > borrowed and the government has no more money to boost economy. That > > money borrowed for the war has maxed your country out (and that in turn > > affected many other countries -- in the short term at least...it won't > > last), and this affected interest rates antionwide, which affected > > business, jobs, cost of living in general. > > But there are already many direct costs from the Iraq war to the country > > and to the individual states that has taken a deep toll as money spent > > that could have been spent elsewhere. > > Add to that that the cost of oil has gone up 100 dollars a barrel since > > the war began, and you have a trillion dollar DIRECT cost to the > > economy, here and now. Affecting businesses and spending by the 70% main > > block of the economy -- the consumer. > > > > Its the war. > > > Eh, the price of oil probably is NOT connected to the Iraqi War in any significant way.>>
Lol...nice sentence but irrational, and without explanation. > And... the US borrowing money, by itself, souldn't cause such a huge, drastic > downturn by itself anyway. The more likely cluprit, IMHO, is the housing bubble burst, > which started earlier than it might have otherwise have due to oil speculation which > boosted teh oil prices by a huge amount in the past year or so. > > > We're still not nearly as in-debt on the governmental level as we have been at some > points in our past, GDP-percent-wise.>> You need to think it through. At no other time in history has the US dollar been at such risk. China OWNS alot of dollars and if they (and/or) OPEC, decide to stop trading in dollars then the dollar shall crash. Oh...and guess what...many of the major manufacturers (eg. shipbuilders) no longer accept US dollars from any country. They only accept Euros This is a new event, never occured before. And as everyone knows OPEC has considered dropping the dollar. (Note: Europe's economy is larger than the US economy, and Europe is not in debt. I mighht have to join Turq. in Portugal :-) (The reason the US props up the Saudi Arabian dictatorship is because they agree to trade in dollars. When Saddam Hussein dropped the dollar for trading oil, immediately the US invaded. Now Iran as dropped the dollar and the US wants to invade, but they don't have alot of money or military to do so, so Cheney and many other criminals are trying REAL HARD to think of a way to get to war with Iran.) Never before in history has the dollar been at such risk. This is a hitorically unique period, your reasoning is simplistic. OffWorld > > Lawson > > >
