Yet your buddy is still saying that governments must not interfere with the market place. I think that it is time for the rest of the world to forget the dollar, and look for something like the Euro, as a currency of reference. And the big central banks are busy divvying up trillions of dollars that have been provided by the US treasury,,,, ordinary minimum wage earners who are forced to pay taxes. So many of them have lots their jobs that I don't think that source can be used again. Of course Bush and co. could take a page from the Mugabe school of economics.... just keep printing the money, but at least leave a blank spot, so it can be used for memos. lol.
On Nov 16, 12:44 am, "d.b.baker" <[EMAIL PROTECTED]> wrote: > Even now, to most or many Americans the above scenario - nay, reality > - seems too incredible to believe. Yet, the bailout is now projecting > out near 5-trillion dollars, not to mention the looming 'margin calls' > on 53-trillion in long term debt - which ain't "supposed" to happen. > > Which leaves me hard pressed with regard to our government's ability > to sustain the currency. That's why I posted on the conditions in > Iceland, which is at the bottom of the financial food chain. Still, > their situation is not that different from our own, Iceland is just in > the advanced stages. A precursor. > > No long ago the American sign of normality was Johnny Carson; if he > was on, everything was okay. Well, Johnny ain't on no more, and his > sidekick turned into a beggar. --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
