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Old 08-23-2009, 01:04 AM
 
Location: Great Falls, Montana
3,991 posts, read 3,726,380 times
Reputation: 1373

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YouTube - The inevitable collapse of the dollar
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Old 08-23-2009, 01:20 AM
 
Location: New York City
229 posts, read 1,152,718 times
Reputation: 158
It's bound to happen with our disastrous monetary policy and spendthrift nature. You cannot spend insane amounts of money you don't have without any consequences. Healthcare spending will help speed up in this direction. A lot of people now want to point out the moral issue of providing healthcare, but that seems less important when the economy nose dives into national bankruptcy.
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Old 08-23-2009, 01:57 AM
 
Location: PNW
689 posts, read 709,256 times
Reputation: 159
Quote:
Originally Posted by newyorkdoc View Post
It's bound to happen with our disastrous monetary policy and spendthrift nature. You cannot spend insane amounts of money you don't have without any consequences. Healthcare spending will help speed up in this direction. A lot of people now want to point out the moral issue of providing healthcare, but that seems less important when the economy nose dives into national bankruptcy.
It's like a moth heading towards the bug zapper. "Pretty light, pretty light, pretty light...oh sh**!" They are currently only seeing pretty light though.
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Old 08-23-2009, 02:59 AM
 
Location: By the sea, by the sea, by the beautiful sea
67,154 posts, read 50,113,737 times
Reputation: 37856
Quote:
Originally Posted by newyorkdoc View Post
It's bound to happen with our disastrous monetary policy and spendthrift nature. You cannot spend insane amounts of money you don't have without any consequences. Healthcare spending will help speed up in this direction. A lot of people now want to point out the moral issue of providing healthcare, but that seems less important when the economy nose dives into national bankruptcy.


How about the moral issue of p^ssing away billions of $$$ on Iraq and other countries with NO return on investment while telling Americans to fend for themselves?
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Old 08-23-2009, 03:25 AM
 
Location: New York City
229 posts, read 1,152,718 times
Reputation: 158
I don't think we should do either one burdell.

Just because we've made bad choices in the past in regard to what we can pay for, that doesn't give any excuse to continue.
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Old 08-23-2009, 03:40 AM
 
Location: By the sea, by the sea, by the beautiful sea
67,154 posts, read 50,113,737 times
Reputation: 37856
Quote:
Originally Posted by newyorkdoc View Post
I don't think we should do either one burdell.

Just because we've made bad choices in the past in regard to what we can pay for, that doesn't give any excuse to continue.

If the government doesn't exist to serve the people, why bother?
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Old 08-23-2009, 05:22 AM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,242 posts, read 23,489,565 times
Reputation: 3587
Quote:
Originally Posted by newyorkdoc View Post
It's bound to happen with our disastrous monetary policy and spendthrift nature. You cannot spend insane amounts of money you don't have without any consequences. Healthcare spending will help speed up in this direction. A lot of people now want to point out the moral issue of providing healthcare, but that seems less important when the economy nose dives into national bankruptcy.
It could never happen. They would never allow it to happen. It would be a world wide disaster.
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Old 08-23-2009, 05:34 AM
 
2,170 posts, read 2,732,450 times
Reputation: 883
Quote:
Originally Posted by KevK View Post
It could never happen. They would never allow it to happen. It would be a world wide disaster.
And yet it is happening as we speak.

Peter Shiff in August 2006: http://www.youtube.com/watch?v=IU6PamCQ6zw
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Old 08-23-2009, 07:11 AM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,242 posts, read 23,489,565 times
Reputation: 3587
The dollar will never be allowed to collapse. The US dollar is the currency of the world and as such will always be the "currency of safety". For example ALL oil in the world is sold in US dollars. You want OIL? Don't show up with Pounds or Euros! If the dollar collapsed, what do you think would happen with world oil markets? That is why the world will NEVER allow such a thing to occur.
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Old 08-23-2009, 07:23 AM
 
Location: Brooklyn
40,048 posts, read 33,130,400 times
Reputation: 10588
Quote:
Originally Posted by KevK View Post
If the dollar collapsed, what do you think would happen with world oil markets? That is why the world will NEVER allow such a thing to occur.
Unless some country turned out to take over the "economic rock of stability" position held up to the present by the United States. In that case, the dollar goes down the toilet and everyone races to make sure they've got a nice supply of...Chinese yuan, perhaps?
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