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shickingbrits wrote:.
I can't decipher your central thesis though.
shickingbrits wrote: led to the misuse of resources
shickingbrits wrote:just mandatory to receive a handout.
shickingbrits wrote:now stop helping the government spend my money.
shickingbrits wrote: from what i'm reading I can only conjecture you want a free market with no handouts?
shickingbrits wrote:I think that demanding labour for handouts would save money, thereby decreasing government expenditure, thereby decreasing the debt.
shickingbrits wrote:
I agree that government thrives on problems and is as likely to generate them or maintain them as a terrorist is. Who is responsible for government though? Is Phatscotty?
Phatscotty acts like he gives a shit about who is paying what in taxes or that he cares about layabouts when he has to work so hard to earn his living, when he doesn't. Phatscotty just wants to be appreciated. I do appreciate you Phatscotty, now stop helping the government spend my money.
shickingbrits wrote:
Is paying for the police or an alarm system charity? We can spend 600bn on weapons for our security, but can't spend 50bn on work programs that would decrease our need for defence spending by 200bn?
shickingbrits wrote:The position held by both Patches and Phatscotty will never come to pass. As such, what will your demands do? They will create a circular dialogue that will result in more government spending and increased government power.
shickingbrits wrote:When the USD dies, the debt will remain and the population will experience rapid inflation. It's not just the dollar that will be dying, it will be the petrodollar that dies with it and the benefits it entails. When the dollar dies, the services of the US will go down in demand and the US doesn't make many of it's own products.
There will be massive unemployment, higher living costs and internationally imposed provisions for paying off the debt. Certainly handouts will cease and there will be a massive scramble to restructure society under the new order. Part of which will be the pleasure with which they tread on you. I wish you the best.
shickingbrits wrote:When people in Rwanda start uses USDs as toilet paper, (is that clear enough for you?)
shickingbrits wrote:When people in Rwanda start uses USDs as toilet paper, (is that clear enough for you?)
Phatscotty wrote:Back on Topic; Boehner's lawsuit in Obama's own words
note; all the people in the audience applauding his point. Where are they now? Guarantee you each person who defends Obama here, who rips me for saying the same thing about Obama AND Bush and every president in the future who does this regardless of party, and says Obama's unilateral actions are no big deal; were clapping along in 2008 when Obama ran against the exact same thing. I would like to know what happened to you? What is it that changed your mind and makes you justify the Obama doing the total opposite of the reason you like him/voted for him?
Checkmate
BigBallinStalin wrote:e.g. "when the USD dies". wtf does that mean? In the real world of monetary policy, there's no absolutes. It's "the value of the USD is declining at x-rate compared to other currencies," or "the value of various good and services within the US are changing in price--in terms of the USD."
tzor wrote:BigBallinStalin wrote:e.g. "when the USD dies". wtf does that mean? In the real world of monetary policy, there's no absolutes. It's "the value of the USD is declining at x-rate compared to other currencies," or "the value of various good and services within the US are changing in price--in terms of the USD."
A pure fiat currency cannot stand the test of time. No pure fiat currency has ever done so. The Dollar has remained for as long as it has because it was also the "reserve" currency; the currency of all international transactions. No nation has ever held on to reserve currency standards forever and there are clear signs that the Dollar is loosing reserve its reserve status. This won't happen overnight, but the rise of the BRICS is inevitable, If even the BRICS were to abandon the dollar for their internal transactions, the shock to the dollar would be massive.
Mind you this doesn't require a doomsday scenario, but the dollar as we know it will eventually die, just as the dollar as people used to know it effectively died a slow death starting with Brenton Woods and ending with Nixon's total abandonment of the gold standard which set the way for economic misery and high inflation.
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