nmelendez

After G-20: The Beginning of the End of the Old Order

I do not think Obama will give up the US dollar standaard. I do believe that after the 6 UAE nations establish their currency US, will be hard pressed to have them trade oil on the dollar exclusively.
Enter Canada and it's oil reserves, enter clean coal, enter technology such as Solar and wind, enter Natural Gas. I sincerely believe the world is underestimating the true power of the US, it's ability to be creative and innovative. If any nation wants us to buy back our debt, we will just print the money. Personally, i still see the US dollar as the worlds most powerful currency. And no, it's not a romantic vision, it's a reality.

Economic Efficiency Cannot Be Calculated

Sorry i do not agree. I follow the logic of swimming in the pack. Let's me pick up plenty of what's left back. You fight the pack, you lose. That's the problem, the pack herds the masses ("save") and everyone goes into CD's. Meanwhile what do they do? They use YOUR money to leverage themselves. Me, i'll put my faith in treasuries rather than banks. Even if it deflates i still get a return, not busted like maddoff's big winners.


On Dec 28 08:05 PM scotty1560 wrote:

> Great article as always and great responses, most make a lot of sense.
>
>
> Our society has many problems with corruption increasing by the decade
>
> from legal channels, military, legislation, lobbyists, tax codes,
> enforcement
> of laws, de-regulation, currency manipulation, judges, zoning changes,manipulation
> of other countries, and so on. Nothing more than scams to alter a
> level playing field-ask Thomas Jefferson. "Eventually" complex<br/>arro...
> societies outsmart themselves- ask the Romans or Germans, it's<br/>all
> in the history books with a new chapter waiting to written.
>
> The big winner's see huge gains. Tied into the system via corporate,
> political,
> or military, enforcement- the winners do well in a good economy or
> a bad economy. During down turns they go and raid countries or consolidate
>
> business with the full backing of the government and supreme military.
>
>
> The point about raiding poor countries is so true. Bully country
> (US) goes
> in and sets up an industry using the poorest people for labor. We
> take
> their resources and assets to make a profit for the top corporate
> and government leaders of both countries involved. The poor laborers
> are basically slave labor while the jobs are moved out of our country,
> therefore hurting our labor. So yes I can buy my khaki pants for
> a few bucks less, but in the much bigger picture I am diminishing
> my stable multi-tiered "ecosystem" of my area from blue collar labor
> to mom and pop operators. Again, only the top of the food chain gets
> the real benefits from both countries- so both loose.
>
> The cycle will continue until society "gets it". We have a major
> imbalance lacking a stable healthy middle class system here. Manufacturing
> is only the most obvious step- health care, technology, finance,
> etc can all be sent abroad at lower costs to benefit a few CEO's-
> the "masses" in our country will need to abapt to a much lower standard
> of living if we are to subsidize the elitists at the cost of the
> rest of the working force. The upper "white collar" guy is now in
> the
> "sights" of the elitists, he will be the next meal ticket-nice deep
> pockets.
>
> Time to elect a third party candidate and shake up the establishment-
> it won't be easy, they have all the tools and all the resources-
> expect the slow decline to continue during our lifetime. The "sheople"
> are blind in their fish bowls.
> The two parties are nothing more than corporate reps. Leaders like
> Henry Ford
> or Andrew Mellon are long dead, and with them goes a little more
> of the
> "true" leadership that made this country the superpower it is.<br/>
>
>
>