Guest Foobar Posted August 6, 2007 Posted August 6, 2007 On Aug 4, 10:17 pm, "Sid9" <s...@bellsouth.net> wrote: > Governor Swill wrote: > > On Sat, 04 Aug 2007 14:58:10 -0700, Watcher <netp...@pochta.ru> wrote: > > >> NOT SO. The U.S. has the goods; the Chinese, Japanese, U.K. et al, > >> hold the debt. In due course, Bush and Co. will simply print enough > >> hundred-dollar bills to pay off the "debt"; and then "buy them back" > >> for two cents onthe dollar; or just invalidate the currency and issue > >> "new" currency. So how would the creditors collect? THEY WOULDN'T. > >> THEY BECOME THE NEW "BANKRUPTS", SINCE THEIR EVIDENCE OF DEBT IS > >> WORTHLESS. "Breachof trust?" Of course. But when did that ever > >> stop the Bushies? > > > The dollar is based on oil. As long as oil flows, there will be > > dollars flowing. In this way a global currency can be created that > > will allow global trade to ensure economic freedom for more people > > than ever in the history of humanity. > > > This is not to say there aren't risks and dangers, but pretty much > > everybody has signed onto the dollar, including Russia and China. > > > Nobody has any interest in seeing it fail. > > > Swill > > Ever hear of the Euro? > > Coming up fast as we fade with an unfunded war.- Hide quoted text - > > - Show quoted text - A denomination created by a bunch of countries that couldn't compete on there own? Yup, I've heard of it. Quote
Guest Jack Posted August 6, 2007 Posted August 6, 2007 Foobar wrote: > On Aug 4, 10:17 pm, "Sid9" <s...@bellsouth.net> wrote: >> Governor Swill wrote: >>> On Sat, 04 Aug 2007 14:58:10 -0700, Watcher <netp...@pochta.ru> wrote: >>>> NOT SO. The U.S. has the goods; the Chinese, Japanese, U.K. et al, >>>> hold the debt. In due course, Bush and Co. will simply print enough >>>> hundred-dollar bills to pay off the "debt"; and then "buy them back" >>>> for two cents onthe dollar; or just invalidate the currency and issue >>>> "new" currency. So how would the creditors collect? THEY WOULDN'T. >>>> THEY BECOME THE NEW "BANKRUPTS", SINCE THEIR EVIDENCE OF DEBT IS >>>> WORTHLESS. "Breachof trust?" Of course. But when did that ever >>>> stop the Bushies? >>> The dollar is based on oil. As long as oil flows, there will be >>> dollars flowing. In this way a global currency can be created that >>> will allow global trade to ensure economic freedom for more people >>> than ever in the history of humanity. >>> This is not to say there aren't risks and dangers, but pretty much >>> everybody has signed onto the dollar, including Russia and China. >>> Nobody has any interest in seeing it fail. >>> Swill >> Ever hear of the Euro? >> >> Coming up fast as we fade with an unfunded war.- Hide quoted text - >> >> - Show quoted text - > > A denomination created by a bunch of countries that couldn't compete > on there own? Yup, I've heard of it. The US dollar, a currency created by a bunch of states that couldn't compete on their own When used as a possessive pronoun, it's spelled t-h-e-i-r, not t-h-e-r-e. Quote
Guest Foobar Posted August 6, 2007 Posted August 6, 2007 On Aug 6, 1:52 pm, Jack <jack6...@gmailNOSPAM.com> wrote: > Foobar wrote: > > On Aug 3, 11:12 pm, reality <realitych...@ausi.com> wrote: > >> On Aug 3, 7:01 pm, Harold Burton <hal.i.bur...@hotmail.com> wrote: > > >>> In article <gSQsi.1123$zp5....@bignews6.bellsouth.net>, > >>> "Sid9" <s...@bellsouth.net> wrote: > >>>> Harold Burton wrote: > >>>>> In article <1186190812.172410.84...@m37g2000prh.googlegroups.com>, > >>>>> Raymond <Bluerhy...@aol.com> wrote: > >>>>>> America The Bankrupt > >>>>>> The ship of state is on a disastrous course, There's no way to avoid > >>>>>> the worst result of racking up a big deficit - the outrage of making > >>>>>> our children .... repay the debts of their elders > >>>>> It's our revenge on them for being assholes when they were teenagers. > >>>>> I'm enjoying it, living the high life and letting someone else pay for > >>>>> it, and you're making it sound like it's a bad thing. > >>>> It costs money to > >>>> run a government. > >>> No problem, your kids and grandkids are going to pay for it and I want > >>> to go on record right now and thank them for it. Thank you, the idiot > >>> Sid9's kids and grandkids. > >> Go fuck yourself you cuntlip fuckhead. I hope you die a million times > >> in hell with Satan stabbing you in your sorry worthless black fucked > >> up heart every single time that he methodically steals every inch of > >> your sorry dirty worthless soul. Eat that shitstain. Same to your > >> buttbuddy Dumbya. > > >> BTW Fuck You and everyone you know and love. > > >> Smooches, > >> REALITY- Hide quoted text - > > >> - Show quoted text - > > > Nice response. Your grammar could use a bit of work though. 8'th > > grade? > > Actually, aside from a few missing optional commas and some creative > capitalization, the grammar was faultless.- Hide quoted text - > > - Show quoted text - cuntlip - Not a word. However, if it were, cuntlipped would be the proper use. As in, Go fuck yourself, you cuntlipped fuckhead. Quote
Guest Foobar Posted August 6, 2007 Posted August 6, 2007 On Aug 6, 2:05 pm, Jack <jack6...@gmailNOSPAM.com> wrote: > Foobar wrote: > > On Aug 4, 10:17 pm, "Sid9" <s...@bellsouth.net> wrote: > >> Governor Swill wrote: > >>> On Sat, 04 Aug 2007 14:58:10 -0700, Watcher <netp...@pochta.ru> wrote: > >>>> NOT SO. The U.S. has the goods; the Chinese, Japanese, U.K. et al, > >>>> hold the debt. In due course, Bush and Co. will simply print enough > >>>> hundred-dollar bills to pay off the "debt"; and then "buy them back" > >>>> for two cents onthe dollar; or just invalidate the currency and issue > >>>> "new" currency. So how would the creditors collect? THEY WOULDN'T. > >>>> THEY BECOME THE NEW "BANKRUPTS", SINCE THEIR EVIDENCE OF DEBT IS > >>>> WORTHLESS. "Breachof trust?" Of course. But when did that ever > >>>> stop the Bushies? > >>> The dollar is based on oil. As long as oil flows, there will be > >>> dollars flowing. In this way a global currency can be created that > >>> will allow global trade to ensure economic freedom for more people > >>> than ever in the history of humanity. > >>> This is not to say there aren't risks and dangers, but pretty much > >>> everybody has signed onto the dollar, including Russia and China. > >>> Nobody has any interest in seeing it fail. > >>> Swill > >> Ever hear of the Euro? > > >> Coming up fast as we fade with an unfunded war.- Hide quoted text - > > >> - Show quoted text - > > > A denomination created by a bunch of countries that couldn't compete > > on there own? Yup, I've heard of it. > > The US dollar, a currency created by a bunch of states that couldn't > compete on their own > > When used as a possessive pronoun, it's spelled t-h-e-i-r, not t-h-e-r-e.- Hide quoted text - > > - Show quoted text - Without the dollar, their would be no Euro. Quote
Guest Foobar Posted August 6, 2007 Posted August 6, 2007 On Aug 6, 2:57 pm, Foobar <bamberb...@gmail.com> wrote: > On Aug 6, 2:05 pm, Jack <jack6...@gmailNOSPAM.com> wrote: > > > > > > > Foobar wrote: > > > On Aug 4, 10:17 pm, "Sid9" <s...@bellsouth.net> wrote: > > >> Governor Swill wrote: > > >>> On Sat, 04 Aug 2007 14:58:10 -0700, Watcher <netp...@pochta.ru> wrote: > > >>>> NOT SO. The U.S. has the goods; the Chinese, Japanese, U.K. et al, > > >>>> hold the debt. In due course, Bush and Co. will simply print enough > > >>>> hundred-dollar bills to pay off the "debt"; and then "buy them back" > > >>>> for two cents onthe dollar; or just invalidate the currency and issue > > >>>> "new" currency. So how would the creditors collect? THEY WOULDN'T. > > >>>> THEY BECOME THE NEW "BANKRUPTS", SINCE THEIR EVIDENCE OF DEBT IS > > >>>> WORTHLESS. "Breachof trust?" Of course. But when did that ever > > >>>> stop the Bushies? > > >>> The dollar is based on oil. As long as oil flows, there will be > > >>> dollars flowing. In this way a global currency can be created that > > >>> will allow global trade to ensure economic freedom for more people > > >>> than ever in the history of humanity. > > >>> This is not to say there aren't risks and dangers, but pretty much > > >>> everybody has signed onto the dollar, including Russia and China. > > >>> Nobody has any interest in seeing it fail. > > >>> Swill > > >> Ever hear of the Euro? > > > >> Coming up fast as we fade with an unfunded war.- Hide quoted text - > > > >> - Show quoted text - > > > > A denomination created by a bunch of countries that couldn't compete > > > on there own? Yup, I've heard of it. > > > The US dollar, a currency created by a bunch of states that couldn't > > compete on their own > > > When used as a possessive pronoun, it's spelled t-h-e-i-r, not t-h-e-r-e.- Hide quoted text - > > > - Show quoted text - > > Without the dollar, their would be no Euro.- Hide quoted text - > > - Show quoted text - Crap. > Without the dollar, there would be no Euro. Quote
Guest Foobar Posted August 6, 2007 Posted August 6, 2007 On Aug 3, 9:32 pm, Harold Burton <hal.i.bur...@hotmail.com> wrote: > In article <1186190812.172410.84...@m37g2000prh.googlegroups.com>, > > Raymond <Bluerhy...@aol.com> wrote: > > America The Bankrupt > > > The ship of state is on a disastrous course, There's no way to avoid > > the worst result of racking up a big deficit - the outrage of making > > our children .... repay the debts of their elders > > It's our revenge on them for being assholes when they were teenagers. > I'm enjoying it, living the high life and letting someone else pay for > it, and you're making it sound like it's a bad thing. I don't think I have ever heard a more idiotic statement than this. You will get sick. We will have a cure. You will pay for it or you will die. Medicare will offer to pay some of it. But, by then, we will have had enough. Get it? Quote
Guest Jack Posted August 6, 2007 Posted August 6, 2007 Foobar wrote: > On Aug 6, 2:05 pm, Jack <jack6...@gmailNOSPAM.com> wrote: >> Foobar wrote: >>> On Aug 4, 10:17 pm, "Sid9" <s...@bellsouth.net> wrote: >>>> Governor Swill wrote: >>>>> On Sat, 04 Aug 2007 14:58:10 -0700, Watcher <netp...@pochta.ru> wrote: >>>>>> NOT SO. The U.S. has the goods; the Chinese, Japanese, U.K. et al, >>>>>> hold the debt. In due course, Bush and Co. will simply print enough >>>>>> hundred-dollar bills to pay off the "debt"; and then "buy them back" >>>>>> for two cents onthe dollar; or just invalidate the currency and issue >>>>>> "new" currency. So how would the creditors collect? THEY WOULDN'T. >>>>>> THEY BECOME THE NEW "BANKRUPTS", SINCE THEIR EVIDENCE OF DEBT IS >>>>>> WORTHLESS. "Breachof trust?" Of course. But when did that ever >>>>>> stop the Bushies? >>>>> The dollar is based on oil. As long as oil flows, there will be >>>>> dollars flowing. In this way a global currency can be created that >>>>> will allow global trade to ensure economic freedom for more people >>>>> than ever in the history of humanity. >>>>> This is not to say there aren't risks and dangers, but pretty much >>>>> everybody has signed onto the dollar, including Russia and China. >>>>> Nobody has any interest in seeing it fail. >>>>> Swill >>>> Ever hear of the Euro? >>>> Coming up fast as we fade with an unfunded war.- Hide quoted text - >>>> - Show quoted text - >>> A denomination created by a bunch of countries that couldn't compete >>> on there own? Yup, I've heard of it. >> The US dollar, a currency created by a bunch of states that couldn't >> compete on their own >> >> When used as a possessive pronoun, it's spelled t-h-e-i-r, not t-h-e-r-e.- Hide quoted text - >> >> - Show quoted text - > > Without the dollar, their would be no Euro. And without Europe, there would be no America. Quote
Guest Sid9 Posted August 6, 2007 Posted August 6, 2007 Foobar wrote: > On Aug 4, 10:17 pm, "Sid9" <s...@bellsouth.net> wrote: >> Governor Swill wrote: >>> On Sat, 04 Aug 2007 14:58:10 -0700, Watcher <netp...@pochta.ru> >>> wrote: >> >>>> NOT SO. The U.S. has the goods; the Chinese, Japanese, U.K. et >>>> al, hold the debt. In due course, Bush and Co. will simply print >>>> enough hundred-dollar bills to pay off the "debt"; and then "buy >>>> them back" for two cents onthe dollar; or just invalidate the >>>> currency and issue "new" currency. So how would the creditors >>>> collect? THEY WOULDN'T. THEY BECOME THE NEW "BANKRUPTS", SINCE >>>> THEIR EVIDENCE OF DEBT IS WORTHLESS. "Breachof trust?" Of >>>> course. But when did that ever stop the Bushies? >> >>> The dollar is based on oil. As long as oil flows, there will be >>> dollars flowing. In this way a global currency can be created that >>> will allow global trade to ensure economic freedom for more people >>> than ever in the history of humanity. >> >>> This is not to say there aren't risks and dangers, but pretty much >>> everybody has signed onto the dollar, including Russia and China. >> >>> Nobody has any interest in seeing it fail. >> >>> Swill >> >> Ever hear of the Euro? >> >> Coming up fast as we fade with an unfunded war.- Hide quoted text - >> >> - Show quoted text - > > A denomination created by a bunch of countries that couldn't compete > on there own? Yup, I've heard of it. Europe did what the United States did when the thirteen original states adopted the constitution which says as follows: "...Clause 5: To coin Money, regulate the Value thereof, ..." Europeans not only compete, their money is worth more than ours While our money declines in value hitting a fifteen year low today under the mismanagement of the Republican party. Sad, that you know so little about our country. This would not have happened if not for bush,jr's unfunded war and unjustified tax cuts for the rich Quote
Guest Governor Swill Posted August 7, 2007 Posted August 7, 2007 On Mon, 06 Aug 2007 17:52:39 -0000, Foobar <bamberbert@gmail.com> wrote: >A denomination created by a bunch of countries that couldn't compete >on there own? Yup, I've heard of it. A bunch of countries that all together are just about us except they don't have any desert? Swill -- Picture of the day http://antwrp.gsfc.nasa.gov/apod/astropix.html Quote
Guest Governor Swill Posted August 7, 2007 Posted August 7, 2007 On Mon, 06 Aug 2007 18:57:24 -0000, Foobar <bamberbert@gmail.com> wrote: >Without the dollar, their would be no Euro. Without the dollar, we'd all be spending pounds. Swill -- Picture of the day http://antwrp.gsfc.nasa.gov/apod/astropix.html Quote
Guest Governor Swill Posted August 7, 2007 Posted August 7, 2007 On Mon, 06 Aug 2007 12:17:36 -0700, Jack <jack6128@gmailNOSPAM.com> wrote: >> Without the dollar, their would be no Euro. > >And without Europe, there would be no America. And without America there would be no Europe. Swill -- Picture of the day http://antwrp.gsfc.nasa.gov/apod/astropix.html Quote
Guest Governor Swill Posted August 7, 2007 Posted August 7, 2007 On Mon, 6 Aug 2007 15:30:56 -0400, "Sid9" <sid9@bellsouth.net> wrote: >While our money declines in value hitting a fifteen year low today >under the mismanagement of the Republican party. You see that as bad news do you? Swill -- Picture of the day http://antwrp.gsfc.nasa.gov/apod/astropix.html Quote
Guest Hugh Gibbons Posted August 7, 2007 Posted August 7, 2007 In article <46b3ebb5$0$16601$4c368faf@roadrunner.com>, "Jerry Okamura" <okamuraj005@hawaii.rr.com> wrote: > > Since we are in another Presidential election cycle, a nice start would be > to demand from our political reporters to ask the various candidates, what > they are going to do about the looming problem. I'd like to see any politician, Democrat, Republican or otherwise, address this issue realistically. Do you think it will ever happen? Quote
Guest Hugh Gibbons Posted August 7, 2007 Posted August 7, 2007 In article <3uvfb3l002nlno93vn571cnfsd8pqg27rf@4ax.com>, Governor Swill <governor.swill@gmail.com> wrote: > On Mon, 6 Aug 2007 15:30:56 -0400, "Sid9" <sid9@bellsouth.net> wrote: > > >While our money declines in value hitting a fifteen year low today > >under the mismanagement of the Republican party. > > You see that as bad news do you? Yeah. Inflation really sucks when you're trying to save. Quote
Guest Hugh Gibbons Posted August 7, 2007 Posted August 7, 2007 In article <lsvfb3p7ad8esbafbjjlt00jknagr8p294@4ax.com>, Governor Swill <governor.swill@gmail.com> wrote: > On Mon, 06 Aug 2007 12:17:36 -0700, Jack <jack6128@gmailNOSPAM.com> > wrote: > > >> Without the dollar, their would be no Euro. > > > >And without Europe, there would be no America. > > And without America there would be no Europe. Woulda fallen in the ocean, I suppose? Quote
Guest Hugh Gibbons Posted August 7, 2007 Posted August 7, 2007 In article <cqvfb35ntuevr7u64uj3u739mb7eebremd@4ax.com>, Governor Swill <governor.swill@gmail.com> wrote: > On Mon, 06 Aug 2007 18:57:24 -0000, Foobar <bamberbert@gmail.com> > wrote: > > >Without the dollar, their would be no Euro. > > Without the dollar, we'd all be spending pounds. That'd be great. Most of us could afford to lose a few. Quote
Guest Foobar Posted August 7, 2007 Posted August 7, 2007 On Aug 3, 9:32 pm, Harold Burton <hal.i.bur...@hotmail.com> wrote: > In article <1186190812.172410.84...@m37g2000prh.googlegroups.com>, > > Raymond <Bluerhy...@aol.com> wrote: > > America The Bankrupt > > > The ship of state is on a disastrous course, There's no way to avoid > > the worst result of racking up a big deficit - the outrage of making > > our children .... repay the debts of their elders > > It's our revenge on them for being assholes when they were teenagers. > I'm enjoying it, living the high life and letting someone else pay for > it, and you're making it sound like it's a bad thing. Careful. You were an asshole when you were young also. Enjoy the high-life now, but make sure you die soon before SS goes belly-up. At which point, the Boomers will refuse to pay another penny. Quote
Guest Foobar Posted August 7, 2007 Posted August 7, 2007 On Aug 3, 9:43 pm, "Sid9" <s...@bellsouth.net> wrote: > Harold Burton wrote: > > In article <1186190812.172410.84...@m37g2000prh.googlegroups.com>, > > Raymond <Bluerhy...@aol.com> wrote: > > >> America The Bankrupt > > >> The ship of state is on a disastrous course, There's no way to avoid > >> the worst result of racking up a big deficit - the outrage of making > >> our children .... repay the debts of their elders > > > It's our revenge on them for being assholes when they were teenagers. > > I'm enjoying it, living the high life and letting someone else pay for > > it, and you're making it sound like it's a bad thing. > > It costs money to > run a government. > > Republican freeloaders > want the benefits but > wont pay the bill. > > Be real careful next > time you drive over a bridge! > >> Be real careful next >> time you drive over a bridge! Oh, Geez. Turn tragedy into a political statement. > Republican freeloaders > want the benefits but > wont pay the bill. Ok, I'll bite. Democrat ingrates want free healthcare but won't pay the bill? Quote
Guest Governor Swill Posted August 8, 2007 Posted August 8, 2007 On Mon, 06 Aug 2007 23:49:42 -0600, Hugh Gibbons <hugh_gibbons@dontsendmeemail.net> wrote: >In article <3uvfb3l002nlno93vn571cnfsd8pqg27rf@4ax.com>, > Governor Swill <governor.swill@gmail.com> wrote: > >> On Mon, 6 Aug 2007 15:30:56 -0400, "Sid9" <sid9@bellsouth.net> wrote: >> >> >While our money declines in value hitting a fifteen year low today >> >under the mismanagement of the Republican party. >> >> You see that as bad news do you? > >Yeah. Inflation really sucks when you're trying to save. As the dollar drops in value, exports become more attractive abroad and domestic production becomes more attractive at home. More production, more wages. Swill -- Picture of the day http://antwrp.gsfc.nasa.gov/apod/astropix.html Quote
Guest patmpowers@gmail.com Posted August 8, 2007 Posted August 8, 2007 > > The dollar is based on oil. As long as oil flows, there will be > dollars flowing. In this way a global currency can be created that > will allow global trade to ensure economic freedom for more people > than ever in the history of humanity. > You're living in the past, dude. Euros are here and is a global currency. The dollar is falling. Sell dollars. Buy Euros. It's not that complicated. > This is not to say there aren't risks and dangers, but pretty much > everybody has signed onto the dollar, including Russia and China. > > Nobody has any interest in seeing it fail. > Nobody wants to see it crash. But I don't see why anybody should have a strong preference for the dollar. Quote
Guest patmpowers@gmail.com Posted August 8, 2007 Posted August 8, 2007 On Aug 7, 3:06 am, Foobar <bamberb...@gmail.com> wrote: > > I don't think I have ever heard a more idiotic statement than this. > A newbie, huh? Quote
Guest Governor Swill Posted August 9, 2007 Posted August 9, 2007 On Wed, 08 Aug 2007 02:25:16 -0700, patmpowers@gmail.com wrote: > >> >> The dollar is based on oil. As long as oil flows, there will be >> dollars flowing. In this way a global currency can be created that >> will allow global trade to ensure economic freedom for more people >> than ever in the history of humanity. >> > > >You're living in the past, dude. Euros are here and is a global >currency. The dollar is falling. Sell dollars. Buy Euros. It's not >that complicated. > >> This is not to say there aren't risks and dangers, but pretty much >> everybody has signed onto the dollar, including Russia and China. >> >> Nobody has any interest in seeing it fail. >> > >Nobody wants to see it crash. But I don't see why anybody should have >a strong preference for the dollar. Because a unified currency enhances trade. Before you can eliminate poverty, you have to have a mechanism for sharing wealth. The dollar is that. Put everybody on a single currency for international transactions. So far this has worked. The Russians acknowledged the supremacy and legitimized it even before the USSR fell. To this day, Russia continues to sell oil for dollars. Russia, Britain, Norway, Canada and Mexico to name only a very few net oil exporters who are NOT members of OPEC nevertheless accept OPEC's policy of trading for oil in dollars. China has lots of dollars and so can buy oil from Iran. But that's only part of the story. The World Bank and IMF loan dollars (not money) to poor countries who are expected to invest those dollars in production that is exchangeable for dollars and so service debt. As long as you can service your debt, you can take on as much as you like. The poverty issue is caused by some nations not being able to produce anything in exchange for dollars. Dollars aren't wealth. Dollars are your score. Wealth is what you have and can get. Money is a point system to keep track of what you haven't got yet. We use dollars. If all international trade could be conducted in dollars, poor countries would be able to get dollars for anything they exported anywhere. Catch 22 is our energy based society. All production can be enhanced with energy and ours comes greatly from oil. In effect, any country wishing to invest in production, must buy or produce energy. If dollars are needed to get energy, their investment ends up being too much in energy and too little in hard goods. Chavez has managed a clever political maneuver in SA. Saddam went off the dollar and is now dead. Chavez is circumventing the issue by bartering with underdeveloped countries for some of his production. Not only is this good for his region, he gets compassion points for selling half a million barrels to poor countries in exchange for rice, raw materials or workers they otherwise can't sell for dollars. They need the dollars because barter is inefficient. But when barter's all you got . . . Swill -- Picture of the day http://antwrp.gsfc.nasa.gov/apod/astropix.html Quote
Guest ChrisT Posted August 10, 2007 Posted August 10, 2007 On Thu, 09 Aug 2007 00:39:40 -0400, Governor Swill <governor.swill@gmail.com> wrote: >On Wed, 08 Aug 2007 02:25:16 -0700, patmpowers@gmail.com wrote: > >> >>> >>> The dollar is based on oil. As long as oil flows, there will be >>> dollars flowing. In this way a global currency can be created that >>> will allow global trade to ensure economic freedom for more people >>> than ever in the history of humanity. >>> >> >> >>You're living in the past, dude. Euros are here and is a global >>currency. The dollar is falling. Sell dollars. Buy Euros. It's not >>that complicated. >> >>> This is not to say there aren't risks and dangers, but pretty much >>> everybody has signed onto the dollar, including Russia and China. >>> >>> Nobody has any interest in seeing it fail. >>> >> >>Nobody wants to see it crash. But I don't see why anybody should have >>a strong preference for the dollar. > >Because a unified currency enhances trade. Before you can eliminate >poverty, you have to have a mechanism for sharing wealth. The dollar >is that. Put everybody on a single currency for international >transactions. > >So far this has worked. The Russians acknowledged the supremacy and >legitimized it even before the USSR fell. To this day, Russia >continues to sell oil for dollars. Russia, Britain, Norway, Canada >and Mexico to name only a very few net oil exporters who are NOT >members of OPEC nevertheless accept OPEC's policy of trading for oil >in dollars. China has lots of dollars and so can buy oil from Iran. > >But that's only part of the story. The World Bank and IMF loan >dollars (not money) to poor countries who are expected to invest those >dollars in production that is exchangeable for dollars and so service >debt. As long as you can service your debt, you can take on as much >as you like. > >The poverty issue is caused by some nations not being able to produce >anything in exchange for dollars. > >Dollars aren't wealth. Dollars are your score. Wealth is what you >have and can get. Money is a point system to keep track of what you >haven't got yet. We use dollars. > >If all international trade could be conducted in dollars, poor >countries would be able to get dollars for anything they exported >anywhere. > >Catch 22 is our energy based society. All production can be enhanced >with energy and ours comes greatly from oil. In effect, any country >wishing to invest in production, must buy or produce energy. If >dollars are needed to get energy, their investment ends up being too >much in energy and too little in hard goods. > >Chavez has managed a clever political maneuver in SA. Saddam went off >the dollar and is now dead. Chavez is circumventing the issue by >bartering with underdeveloped countries for some of his production. >Not only is this good for his region, he gets compassion points for >selling half a million barrels to poor countries in exchange for rice, >raw materials or workers they otherwise can't sell for dollars. > >They need the dollars because barter is inefficient. > >But when barter's all you got . . . > >Swill What happens if China decides to with draw its money in the US and invest in say europe and us euros. I f they decide to embargo us there won't be anything left on our store shelves. Quote
Guest patmpowers@gmail.com Posted August 10, 2007 Posted August 10, 2007 On Aug 9, 12:39 pm, Governor Swill <governor.sw...@gmail.com> wrote: > On Wed, 08 Aug 2007 02:25:16 -0700, patmpow...@gmail.com wrote: > > >> The dollar is based on oil. As long as oil flows, there will be > >> dollars flowing. In this way a global currency can be created that > >> will allow global trade to ensure economic freedom for more people > >> than ever in the history of humanity. > > >You're living in the past, dude. Euros are here and is a global > >currency. The dollar is falling. Sell dollars. Buy Euros. It's not > >that complicated. > > >> This is not to say there aren't risks and dangers, but pretty much > >> everybody has signed onto the dollar, including Russia and China. > > >> Nobody has any interest in seeing it fail. > > >Nobody wants to see it crash. But I don't see why anybody should have > >a strong preference for the dollar. > > Because a unified currency enhances trade. Before you can eliminate > poverty, you have to have a mechanism for sharing wealth. The dollar > is that. Put everybody on a single currency for international > transactions. > Aha, they have always used the dollar, therefore they will always use the dollar. I guess that's logical. Quote
Guest kT Posted August 10, 2007 Posted August 10, 2007 patmpowers@gmail.com wrote: > On Aug 9, 12:39 pm, Governor Swill <governor.sw...@gmail.com> wrote: >> On Wed, 08 Aug 2007 02:25:16 -0700, patmpow...@gmail.com wrote: >> >>>> The dollar is based on oil. As long as oil flows, there will be >>>> dollars flowing. In this way a global currency can be created that >>>> will allow global trade to ensure economic freedom for more people >>>> than ever in the history of humanity. >>> You're living in the past, dude. Euros are here and is a global >>> currency. The dollar is falling. Sell dollars. Buy Euros. It's not >>> that complicated. >>>> This is not to say there aren't risks and dangers, but pretty much >>>> everybody has signed onto the dollar, including Russia and China. >>>> Nobody has any interest in seeing it fail. >>> Nobody wants to see it crash. But I don't see why anybody should have >>> a strong preference for the dollar. >> Because a unified currency enhances trade. Before you can eliminate >> poverty, you have to have a mechanism for sharing wealth. The dollar >> is that. Put everybody on a single currency for international >> transactions. >> > > > Aha, they have always used the dollar, therefore they will always use > the dollar. I guess that's logical. Classic American ignorance. -- Get A Free Orbiter Space Flight Simulator : http://orbit.medphys.ucl.ac.uk/orbit.html Quote
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