the final horseman

Fading Glory: The Dollar as the World's Reserve Currency

THOUGHT FOR THE DAY

invade africa...build power plants so gold mining can continue...refill ft. knox with this gold...put the usa back on the gold standard...nuke anyone who gets in the way...we cant even fight china...they supply components for the abrams...and this isnt even the best tank around...i think it ranks either #4 or #5

sigh...no one gets anything right anymore. at least sam's club would stop rationing rice...as if anyone really cared.

problem solved.

Let's Wait Before Annointing Bernanke "Slayer of the Evil Commodities Bubble"

to britishsteel your link didnt work.

as usual, the big guys made billions. they bought in at $3 or $4 and after JPMs announcement, they made at least 3 times their investment. where is the SEC on this? i cant believe everyone is taking this quietly.

Requiem for a Departing Economic System

bravo holmes...now all we need to do is draw our pistols and hold the professor at bay!!!!!!!!!!

28 days? 28 months? 28 years? has anyone determined exactly how long all this debt will take to pay back?

i still think the treasury should issue t-bills to the various and nefarious government agencies in lieu of electronic money for accounts payable. this way, we use up fewer electronic dots because the numbers are larger.

the agencies can then issue payments in t-bills and...the receivers of said faux cash can now say that, like the us savings bond...they invested in the past of america. (notice--i said past...not future.)

to invest in our future this way, the fed would need to issue counterfeit chinese t-bills. this doesnt matter, because the Fed cannot be taken to international court.

bingo....i should be sitting in the catbird seat...full of the previous owner's catbird droppings.

mail me a t-bill. i can use it to buy a soft drink and a burger...or...burritos... at least i can use the paper to wipe parts of my anatomy afterwards. i wish i had invested in zimbabwe t-bills.

then i could sell them to the fed for 28 days. just think of the money i could lose for them if the exchange rate were fixed at day one of the transfer.

extend this over the real amount of time these t-bills will stay in banker hands...and i could move to another unmentioned country and tata my way down roads soon to be fixed.

and they tell me creative accounting is a no no....perhaps ben should issue t-bills to the irs to pay our taxes. then we might be able to provide our own economic stimulus. after all, the purpose of the irs is to increase government revenue. if the fed sends the irs t-bills, they have just eliminated the need for us citizenry, the government can run on perfect autopilot...and....we can all become reverse wetbacks to mexico as long as we provide our own body armor and fully automatic weapons.