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The debt ceiling debate should never have been tied to the budget in the first place. Jobs is even more unrelated.
The easiest way to explain the debt ceiling debate is using the example of ordering a large meal from Subway. You start off ordering your sub with all the extras, add on a drink and a cookie. You even take a few bites of the sub and take some sips of your soda while waiting in line. Then you get up to the register (its time to pay) but realize you don't have enough cash. Oops!
Do you:
1. Pay with the cash you have and skip out on the rest of the bill (sorry, only have $3 in cash), or,
2. Pay with a credit card to cover all your debts and obligations?
What would you personally do? Do you think its fair to skip out on your bill? How would that impact your reputation? You might even get banned from Subway.
In my opinion we really did not have a choice. We had to pay our bills. Our entire economy is based on borrowing and spending more that we have (which is another argument). Even our founding fathers noted that the country's debt cannot be questioned (see the 14th amendment).
Spending is a separate issue. I am all for cutting wasteful government spending btw.
It would help if you understood macro economics... Every currency is trying to "devalue" itself against another. Look at what the Swiss did last night... Look at China... Look at the constant Japan central bank intervention. It's fiat, so it's "value" can only be measured in terms of what it can buy. A FRN on the "faith blah blah of the USA". Think net exports and the impact overall. Your entire treasury department is trying to keep the value of the dollar down globally.
Don't forget that USD is the world's reserve currency... We still got that going for us. If that changes we should pack it up. I think $1,900 for Au is conservative if things continue as they are. I've seen much higher estimates, but don't forget the other precious metals. Look at what Silver has done and it's much more reasonable prices for your average Joe. Also look at the commodities hitting limit ups days upon days in a row... Rice, Corn, Wheat... Do we even need to talk about Oil? All these have been exploding for a long while now, but the Charlotte Observer isn't reporting it so people completely miss it.
The old gold mines are an interesting thing... Would like to see what happens with that.
If it doesn't bother you then why are you constantly bringing it up? I....
If you constantly don't believe my posts, why do you keep reading them?
None the less my little grasshopper, I don't mind sharing with others what I have discovered. Maybe one day you will understand so you too, can post something here of use to others.
Don't forget that USD is the world's reserve currency...
LOL.... Go read Putin's remarks on this from earlier in the week. I only bring up gold because it has something to do with Charlotte as in, it's in the ground here.
mod note
As i figure it wouldnt take long for this thread to not discuss Charlotte
All of you know where to post this topic
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