Comments on: The Dollar is the New Peso

By: wennejunk

wennejunk — Wed, 30 Sep 2009 12:45:53 +0000

Even inflation at 50% would not require wheelbarrows.

Regardless, we are in a deflationary contraction and may be in one for a long time. Nearly all of the dollars being printed are going to the dark black holes in bank balance sheets, which are growing as fast or faster than the printing.

Money that is not moving cannot cause inflation.

The dollar may become devalued, but we are in a race with nearly every other country to do the same. The US dollar will probably remain the strongest currency for a long while

By: GreyCloak

GreyCloak — Wed, 30 Sep 2009 08:44:52 +0000

Our politicians won't let the dollar deflate until after 2010 ... after all, it's an election year! But the time is coming: a wheelbarrow of dollars may be needed to buy a loaf of bread. Most television and even newsprint pundits were in diapers thirty years ago (as were some prominent RedStaters). But in 1980,

Inflation and interest rates, both topping 18%, are so far beyond anything that Americans have experienced in peacetime—and so far beyond anything that U.S. financial markets are set up to handle—as to inspire a contagion of fear. __Time Magazine

In response to this catastrophe, Jimmy Carter, "Glossing over his own record of rapidly rising spending and huge deficits, both of which contradicted his firm campaign pledges of 1976, he proclaimed his born-again fiscal faith: 'The Federal Government must stop spending money we do not have and borrowing to make up the difference.'" Fault lies all around: after the first Republican Senators elected in the revolution of 1994 won re-election in 2000, they abandoned six years of progress that ultimately balanced the budget (sort of) and doubled the national debt in eight years. Obama and the Democrats allocated another $trillion dollars (increased the national debt by 10%) in only one month! So ... go to Home Depot ... buy a wheelbarrow ... help the economy ... you'll need it to buy groceries in a couple of years. OH ... and there may be ONE thing Jimmy Cart got right.

By: Dan Perrin

Dan Perrin — Wed, 30 Sep 2009 02:02:09 +0000

n/t

By: Dan Perrin

Dan Perrin — Wed, 30 Sep 2009 02:01:01 +0000

devolve the power of the U.S. and the economic superpower must go first

By: wennejunk

wennejunk — Wed, 30 Sep 2009 00:36:38 +0000

His record of advice, if followed, helped destroy a lot of people’s wealth.

Not really sure his opinion deserves a spot on the front page.

By: wennejunk

wennejunk — Wed, 30 Sep 2009 00:33:59 +0000

There’s no guarantee that such an event would turn out the way you expect.

A true collapse of the economy would be a crises too good to waste for this administration and Congress.

You would see – as have other countries and our own in times past – people suddenly agreeing to things they otherwise would not.

When folks can still make ends meet, even in a limited fashion, they tend to still keep their values.

When they are no longer able to feed their kids and themselves, they quickly become much less principled.

By: Scope

Scope — Tue, 29 Sep 2009 23:28:15 +0000

to bring America to it’s knees. They want a global currency, because they think that they will be the leaders in a globalist world. Both Barack and Michelle believe they have finally arrived. The world is their playground. They go everywhere and anywhere they want to on a whim, all on the taxpayer dollars. They have finally gotten to the pinnacle that they never thought they would get to, because they both believe that African Americans were never given that opportunity. They both still live in an angry country where African Americans had to stay in the background, even though they both have attained as much as their other race counterparts. The Presidency for Barack isn’t enough, and it sure isn’t enough for Michelle. They desire the conquering of the world. Maybe then both will feel “vindicated.”

By: Xasteius

Xasteius — Tue, 29 Sep 2009 23:09:38 +0000

By: suzieQ

suzieQ — Tue, 29 Sep 2009 22:14:35 +0000

Some say I’m wrong for wishing the failure of our economy – but if that is what it takes to get the dems out of power, then so be it!

By: snowshooze

snowshooze — Tue, 29 Sep 2009 21:46:34 +0000

I suppose we might have to make our own cell phones, tires and televisions…
Of coarse we can’t build a toaster for under $80.00…
But with a little government cleanup, we might make it.
Can we rescind the bailout? Not without another war. I don’t believe so.
Hang on, we’re just getting started.