Dusty

Who’s Really Getting Bailed Out Here

In all these bailouts and buyouts (whatever the deal with Bear might be called) it would seem that some reference points or bench marks would help the general perspective. What, for example, does a new Navy carrier cost? Start with an empty drydock in a shipyard. Cost of hull, cost of nuclear power unit, cost of crew per year, how much does all those planes add, munitions prices to make it a viable system? From empty drydock to complete weapon system sailing out ready to do battle? Now cross reference this total with the money the Government is spending to keep our economy alive and to keep our friends and allies from suspending us in the air by the rope we put around our collective neck?

Historic Financial Collapse Underway?

The hue and cry about how evil the "Fiat" currency is ignores reality. A century or slightly more ago all money WAS gold or silver. Coins made of the real thing. A small amout of paper representing the real thing in government storage. Already there was not enough to go around. There was no way to increase the supply of the comodity and people did not have the cash to pay for goods and services or to be paid. The will to do work, the manpower, the goods (as in wheat, meat, manufactured products) were there: there was not enough coin or currency to conduct commerce and barter only goes so far, too. The only answer then and even more now is "Fiat" money.