On Mar 1, 6:58=A0pm, visualseep...@[EMAIL PROTECTED]
wrote:
> Someone will have to pay the huge US deficit that has run up with
> years of surplus economic output. =A0The baby boomer generation is
> trying to offload that responsibility (debt) onto the the next
> generation and then some.
>
> Meanwhile the scam to repay the debt (in US dollars no doubt) revolves
> around the idea of destroying the value of the dollar and handing over
> worthless pieces of paper to foreign investors suckered into taking
> USD for goods in the first place.
>
> Enron style accounting, baby boomers milking the system for all its
> worth and the military-industrial complex, islamic terrorism is what
> has caused economic stagnation over the past 7 years. =A0Also blowing up
> a real estate bubble which was bound to colllapse and rewarding the
> offending banks with bailout packages by printing money.
>
> Any questions?
no questions...but a omment or two.... you are mentioning a valid
series of *symptoms... its detection of the causes
that enlightens.
Studying the history of nations especially as they approach their
collapse stages will show you the underlying causes... those have
stayed the same over the millenia.
Phil Scott
>
> On Mar 1, 10:23=A0pm, nos...@[EMAIL PROTECTED]
(Straydog) wrote:
>
>
>
> > On Sat, 1 Mar 2008 10:06:20 -0800 (PST), visualseep...@[EMAIL PROTECTED]
> > wrote:
>
> > >The iInevitable Collapse of the Dollar
>
> > >http://www.youtube.com/watch?v=3D4n3g5lUgkWk&feature=3Drelated
>
> > What will happen is that all of these big US companies that set up
> > plants and offices in 3rd world countries, thinking they will pay
> > small, low, cheap wages and then sell for big fees, prices, and
> > amounts back in the USA, and make big net profits (and big bonuses for
> > the CEOs), are going to be in for a big surprise because the USD won't
> > be buying cheap labor any more but 3rd world labor at first world
> > prices.
>
> > The data as published just two days ago in the WSJ (a large article)
> > shows the USD going down, linearly, over the last handful of years and
> > our ex****ts are going up an average of 23% per year, trade deficit
> > going down linearly over all this time, and so we are finally headed
> > to some kind of sustainable new equilibrium.
>
> > There is a very old saying that says "In every dark cloud there is a
> > silver lining." =A0
>
> > When 3rd world labor costs as much as first world labor, then the jobs
> > will come back home, to the US. And, Europe can be the ones who can
> > cry over their trade deficit and I'll tell you they will not last as
> > long. I think it will be very interesting to see, very soon, a
> > "collapse" of the Euro and Yen, because, like every bubble in the
> > past, the Euro and Yen will soon be in bubble territory and then the
> > bubble will burst. All of these bubbles are recorded in economic
> > history books going back 500 years. Mark my words.
>
> > It might even be a good idea to start buying all these cheap USDs
> > because it will start going up maybe in a year or so. 3rd world
> > currency is still pretty worthless.- Hide quoted text -
>
> - Show quoted text -
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