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11-06-2008, 01:19 AM | #1 | |
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Governments not trying to save the System
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= This article has an interesting quote from a banking expert in - Australia "Governments are not really trying to save the system anymore, They now realize that's impossible. They are just trying to manage the decline." Quote:
Rest of the article at: http://articles.moneycentral.msn.com...g-to-fill.aspx = = |
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11-06-2008, 02:19 AM | #2 |
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Re: Governments not trying to save the System
we are a week away from the big financial meeting, has anyone heard any whispers of what is coming?
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11-06-2008, 07:10 AM | #3 | |
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Re: Governments not trying to save the System
Quote:
I think 3-6 years of tough economics will be the norm. However, some long term good will come out of this. It wont be the end, but it will force people to begin to live within their needs again. Shrug. Thats life. **** happens, we deal with it and move on. Things always go in cycles. You cant have "good times" forever. |
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11-06-2008, 08:18 AM | #4 |
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Re: Governments not trying to save the System
Inflation.
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11-06-2008, 08:33 AM | #5 |
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Re: Governments not trying to save the System
This recession which inevitably will lead to a depression will see people with less having less to give up and those with more (the afluent bunch) will have to give up a lot more and begin to understand to live amongst society as it were intended.
There's room for everyone to share the fire! |
11-06-2008, 04:12 PM | #6 | |
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Re: Governments not trying to save the System
Quote:
The likely response from our government will be military muscle flexing to 1)distract its population from economic downfall, and 2)attempt to bully everyone else from abandoning the dollar. Americans must prepare themselves for a post dollar existence. |
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11-06-2008, 05:30 PM | #7 | ||
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Re: Governments not trying to save the System
Well the dollar will still exist, it will just be backed with more than air.
Many people wonder why America stands beside Israel in the mid east turmoil, but very few understand why. Get a Dollar handy before reading on... Quote:
Quote:
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11-06-2008, 05:55 PM | #8 |
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Re: Governments not trying to save the System
R,
I agree that the dollar most likely will be a part of the proposed "new world order of finance", but as it practically affects the u.s. citizen, it will be in name only, because 1)it will be greatly devalued, and 2)its status as world reserve currency will be eradicated. If that happens the dollar will likely have the purchasing power of the Mexican peso. I don't think it impossible that the dollar will be eradicated altogether and converted into another currency, ala the European conversion to the Euro, but I agree that it is more likely that it will remain, at least for the foreseeable future. Everyone should keep in mind one principle of money, which of course you and most others that post here aware of - the amount of a currency is irrelevant, it's purchasing power is everything. You only have to survey the thousands of billionaires in Zimbabwe to understand that. The u.s. dollar is headed to oblivion one way or another. That is what I meant by a "post dollar existence", much like we live in a "post confederate note" America. They exist, but they are worthless as a medium of exchange. Z |
11-06-2008, 07:07 PM | #9 |
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Re: Governments not trying to save the System
are we at war with Pakistan?
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11-06-2008, 07:08 PM | #10 |
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Re: Governments not trying to save the System
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