US Dollar Faces Collapse In 24 Months

[Telstra]

No. What they usually complain about is the artificially weak currencies of other countries.

so now, the US currency is getting weaker. Isn't that a good news ?

 

[Kulindahr]

so now, the US currency is getting weaker. Isn't that a good news ?

That depends on who you are and where you sit.



BTW -- W00T! for 15k.

 

[Michiko]

As the US dollar is at the center of the world economy, the US government can finance itself without suffering the hyperinflation other countries would experience if they tried to do the same...

It will collapse someday and it will be a mess. I don't think it will be in the next two years though, as it isn't good to anyone important...

 

[Telstra]

That depends on who you are and where you sit.



BTW -- W00T! for 15k.

so many posts, so much non sense from me ...

 

[evanrick]

well we just gave billionaires more money. so it wouldn't shock me if another depression was around the corner.

edit: the dollar WILL be weaker in 24 months, how much weaker only time will tell.

 

[Kulindahr]

well we just gave billionaires more money. so it wouldn't shock me if another depression was around the corner.

"Gave"? No....

1. It's their income in the first place.
2. Their tax rate didn't get lowered below the Bush level.

Unless you mean the inheritance tax; I didn't follow what happened there. But I can't figure out why Republicans don't argue for an inheritance tax of 100%, since they claim to hate unearned income so much.

 

[MoltenRock III]

"Gave"? No....

1. It's their income in the first place.

They earned their money off the back of the investments of the USA and her taxpayers over the past 4 generations. Without decent roads, safe bridges, educational opportunities, excellent healthcare, clean water, low crime and graft, and a myriad of other government provided services they wouldn't have earned a damn dime. All of us rely on a healthy society to earn a living. No one lives in a vacuum whereby they earned every cent without a massive reliance on government provided services.

 

[Kulindahr]

They earned their money off the back of the investments of the USA and her taxpayers over the past 4 generations. Without decent roads, safe bridges, educational opportunities, excellent healthcare, clean water, low crime and graft, and a myriad of other government provided services they wouldn't have earned a damn dime. All of us rely on a healthy society to earn a living. No one lives in a vacuum whereby they earned every cent without a massive reliance on government provided services.

That doesn't change the fact that it's their income in the first place. Even if taking their money is justified, it's still taking, and not taking does not become "giving".

 

[MoltenRock III]

That doesn't change the fact that it's their income in the first place. Even if taking their money is justified, it's still taking, and not taking does not become "giving".

No it's not "taking". That's the price of living and working in the USA. As a republic / democracy the USA has voted in the majority that "these" things are important. Again, if you don't like it.... leave. But likewise when you leave, you will be subject to whichever country's laws you then inhabit. If you want to move to a country with no taxes, and utter lawlessness, move to Somalia. Let's see how many millions of $$$ you can make there.

Every American uses certain services and assets / infrastructure the USA has in place. Again, the country as a whole has chosen to provide many of these to everyone, not on a ala carte menu.

 

[Kulindahr]

No it's not "taking". That's the price of living and working in the USA. As a republic / democracy the USA has voted in the majority that "these" things are important. Again, if you don't like it.... leave. But likewise when you leave, you will be subject to whichever country's laws you then inhabit. If you want to move to a country with no taxes, and utter lawlessness, move to Somalia. Let's see how many millions of $$$ you can make there.

Every American uses certain services and assets / infrastructure the USA has in place. Again, the country as a whole has chosen to provide many of these to everyone, not on a ala carte menu.

Doublespeak and doublethink.

Taking is taking, regardless of why.

Claiming that because a majority decided on it makes it something other than taking is just "might makes right".

"If you don't like it... leave." Been taking lessons from rich selfish fat cats, I see -- no understanding of or care for people who don't make six figures.

 

[evanrick]

"Gave"? No....

1. It's their income in the first place.

No its not, they take government subsidies and tax loopholes, extract money from government contracts, aka taxpayers, elect their own politicians, and then act like they are patriotic by wearing a flag-pin on their lapel. Please, don't tell me you are that naive.

2. Their tax rate didn't get lowered below the Bush level.

But its the lowest its ever been...and there has been zero economic benefit for anyone but themselves. I say take all OUR MONEY BACK.

Unless you mean the inheritance tax; I didn't follow what happened there. But I can't figure out why Republicans don't argue for an inheritance tax of 100%, since they claim to hate unearned income so much.

Because most republicans lack any conscience, they send innocent people to fight their wars, tell grandma her social security is going away, and feel like its "alright" for insurance companies and banks to be the "middle man" in education and health-care.

Republicans simply lack conscience or the thinking abilities to know what is good for them.

 

[Kulindahr]

No its not, they take government subsidies and tax loopholes, extract money from government contracts, aka taxpayers, elect their own politicians, and then act like they are patriotic by wearing a flag-pin on their lapel. Please, don't tell me you are that naive.

What, they've been cashing checks not made out to them? Collecting on invoices billed by other outfits? Making off with money meant for someone else?

Unless it's something the CEOs should be in jail for, it's their income.

Though you give an intriguing idea: tie those government subsidies and all to a "profit-sharing" scheme, where they pay the IRS a portion of the profit relative to the size of the subsidies....

But its the lowest its ever been...and there has been zero economic benefit for anyone but themselves. I say take all OUR MONEY BACK.

If you think they have any money that's yours, you're welcome to file a police report.

If you have no grounds on which to file a police report, then you, sir, are a looter -- nothing more, nor less.

Because most republicans lack any conscience, they send innocent people to fight their wars, tell grandma her social security is going away, and feel like its "alright" for insurance companies and banks to be the "middle man" in education and health-care.

Republicans simply lack conscience or the thinking abilities to know what is good for them.

False, debatable, false... and what the heck do banks and insurance companies have to do with education? For that matter, what do banks have to do with health care?

 

[JB3]

But its the lowest its ever been...and there has been zero economic benefit for anyone but themselves. I say take all OUR MONEY BACK.

YOUR money? If its your money, show us your pay stub showing that you earned it. Otherwise, grow up.

 

[joaama]

If the debt ceiling isn't raised, the dollar will collapse in just a few months.

 

[MoltenRock III]

His egotistical masturbations are like mental porn for me.

Awww. You say the sexiest things.

 

[MoltenRock III]

If the debt ceiling isn't raised, the dollar will collapse in just a few months.

While that would be the worst thing possible for America, I honestly think it's the best thing for America at the same time. The moron wingnuts who think this is a legitimate avenue need to have their "idea" vetted, and the consequences of their insanity played out for all of America to see. As the country circles the toilet because of this action, the media and Democrats can say..... "See!!!!! We told you idiots!!!!" Then the same wingnuts that put the putzs in power that screwed them, will turn on a dime to the Democrats to plead like slaves that they undo their terrible decision.

 

[Kulindahr]

If the debt ceiling isn't raised, the dollar will collapse in just a few months.

Interesting proposition. Got anything to substantiate it?

 

[MoltenRock III]

Interesting proposition. Got anything to substantiate it?

Do you honestly think that if the US defaulted on her debt it would be anything but outright insanity?

 

[Kulindahr]

Do you honestly think that if the US defaulted on her debt it would be anything but outright insanity?

It wouldn't necessarily mean defaulting on the debt -- depends how rational Congress is.

I know, it's Congress. So yeah, panic.


We need to get NASA designing probes to find us some nickel-iron asteroids, then a means to tow them back here. I forget the figures -- did them once -- but it wouldn't take an excessively large asteroid, just a handful of klicks across, to make a serious dent in the debt. Some refining could be done in orbit, then you bubble the metal into spheres that will float, coat the outside with slag, and just drop them into an ocean.

Yeah, watch the market in those metals plummet. It would lower prices on all sorts of manufactured goods, so call it good.

And if we could find an asteroid with rare earth elements....

 

[bankside]

And if we could find an asteroid with rare earth elements....

You have the stuff in the ground - it just hasn't made sense to mine it when the government of China is stupid enough to give it away at less than cost.