![]() |
Quote:
Anyway how about that now, where did I hear someone say this?: $700 Billion Printing of Bailout Monopoly Money, Hedge Your Wealth! http://www.marketoracle.co.uk/Article6635.html That new bailout, announced Tuesday, will be financed by a different pile of funding - most likely from the printing of more money. http://money.cnn.com/2008/11/25/news...ands/index.htm |
You're kidding, right?
Quote:
:eek: Not just Zimbabwe, I'm thinking more like the hyperinflation in Germany in 1920-1923, which was caused by the same overprinting of cash. We all know where THAT ended up. Little man, what now? I'm off to buy some tinned food. |
So radar you got anything to say about your prediction regarding the troop withdrawal timetable?
|
Zimbabwean hyperinflation outpaces the Weimar Republic's. Economists are throwing up their hands and using words like "surreal." There comes a point where it hardly matters any more.
|
Yes but if we are looking at an analogy for the contemporary US, Weimar Germany is a much closer match, being a developed, industrialised economy that should have been able to keep a sound base. Zimbabwe was largely an agricultural economy.
Led me add, though, that the US economy could survive printing an extra trillion dollars or so, with a bit of a devaluation hit. There is still a lot of strength in the US, despite the present problems. Over printing money to bail out corporations or defaulting mortgagees devalues all the money currently being held. This is effectively a tax on anyone prudent enough to have saved, and a let off for anyone who has a dollar-denominated debt. Again, we're looking at rewarding those who helped create the problem. :headshake |
I guess I need to go out and get some second mortgages. :D
|
Iraq's al-Maliki: US will stay in insecure areas
Quote:
(b) Wow, admitting that we made gains last year. I found that interesting. This article has a lot more info in it that I haven't seen available elsewhere. |
Quote:
Quote:
Oh, and Iraq could still go to hell in a handbasket. |
Quote:
Though of course we don't have to listen to him....they are our troops. But it would be kind of funny (maybe not) if we initially started a war with Iraq to take down a dictator and install a democracy and then pull out right before the democracy could stabilize leaving us with a dictator or chaos. |
All times are GMT -5. The time now is 10:58 PM. |
Powered by: vBulletin Version 3.8.1
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.