sunnsea

The U.S. Dollar: Now at Parity with the Swiss Franc

It would be better if we pegged the USD to the Z dollar.


On Nov 26 09:04 AM Davewmart wrote:

> I believe that Bernanke still denies that his medium term objective
> is parity with the Zimbabwean dollar.....

10 Reasons to Believe That We're in a Depression

It would have been better, in retrospect, to have Palin as President and Gramm as Treasury Sec so that the Depression would occur full bore without any dancing around and full pain for everyone, not just the middle class. Then from the true wreckage of a false and fraudulent financial services economy and its limo-driver two political parties,a strong progressive leader would emerge with programs ready to be put in place on Day One in 2012: re-institute Glass-Steagall, restart manufacturing via machine tools, increase tariffs on goods from low-wage countries (EU, Japan, South Korea, Taiwan: no tariffs), end corporate tax exemptions on profits earned on foreign operations, large banks broken up, phase out the Federal Reserve, increase funding for creating worker-owned enterprises, institute a single-payer health care system.

Unfortunately, Obama was elected in the wrong place and time. (It's still only 1930 on the year-to-year comparison with the GD, so instead of Palin/Hoover, we have Carter/Obama) So we will have to live through at least 2016 before the final collapse occurs and then the true progressive era can begin, assuming he does not get re-elected.


On Nov 20 08:57 AM Tom B wrote:

> AND Obama has to show SOME positive improvement in the economy by
> next November or he could lose seats in the House and Senate-- nevermind
> the whole deprsesion is "W's" fault; people have short memories.
> So far, we have lots of stim, money spent with NO really obvious
> results--employment still sucks and that's the biggest number in
> people's consciousness.

The Renminbi as a Reserve Currency (Part 1)

Like the Soviet Union and even today's Russia, America has nothing to sell that the rest of world wants. Manufacturing is the key to wealth creation as the Chinese well know. So a major applicance company closes its Evansville, Indiana plant today and 1100 more good paying manufacturing jobs are lost and of course the community wide impacts are greater than that number. Mexico is where refrigerators will now be made. And who cares in America that this has happened? No one. That is the problem. Like the Roman Empire in the end, no one really cared enough to even lift a finger.