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2010-09-05 Economy

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Posted by tipper 2010-09-05 15:21|| || Front Page|| [11131 views ] Top

#1 Update from Ambrose Evans-Pritchard,

Posted by tipper 2010-09-05 16:20|| 2010-09-05 16:20|| Front Page Top

#2 Someday in the near future all nations will be Argentina for 15 months, or years depending on whether they recognize that their 'experts' aren't.

Posted by Procopius2k 2010-09-05 18:02|| 2010-09-05 18:02|| Front Page Top

#3 The unanswered question is who ends up paying for the trillions in debt that will never be repaid.

Posted by phil_b 2010-09-05 18:14|| 2010-09-05 18:14|| Front Page Top

#4 The GIs who don't come home.

Posted by Nimble Spemble 2010-09-05 18:29|| 2010-09-05 18:29|| Front Page Top

#5 Money represents the economy, so changing the representation doesn't do much to the economy.

It however DOES fool those measuring the economy.

Until you end the damaging system of taxation of incomes an non-taxation of rent-seeking you'll have economic problems.

Posted by Bright Pebbles 2010-09-05 19:01|| 2010-09-05 19:01|| Front Page Top

#6 #3 When George Meany complained that we gave the USSR money at 5% interest no response as I recall.
I bet it was forgiven. We gave Brazil money and as I recall it was not paid back. Who pays? nobody. Default most likely for us. Anything in the Bank is gone. We will be issued cards that we will use to purchase anything with a transaction fee applied. We will also be restricted to what we purchase as our medical histories for food items or adult beverages will be considered. We will all have an independence card (independence yea right). Having children, marriage, education, transportation,domicile, ad infinitum all regulated.

Posted by Dale 2010-09-05 20:33|| 2010-09-05 20:33|| Front Page Top

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