Comments on: Dollars and Sense http://joecrubaugh.com/blog/2007/05/16/dollars-and-sense/ A dissident twist of reality... Tue, 02 Dec 2008 17:16:01 +0000 http://wordpress.org/?v=2.0.2 by: Xman http://joecrubaugh.com/blog/2007/05/16/dollars-and-sense/#comment-5944 Fri, 18 May 2007 15:47:49 +0000 http://joecrubaugh.com/blog/2007/05/16/dollars-and-sense/#comment-5944 This info and the implications are making me feel very insecure. I need one of those multiple streams of income things...and some of the streams in another currency as a hedge. This info and the implications are making me feel very insecure.
I need one of those multiple streams of income things…and some of the streams in another currency as a hedge.

]]> by: petulant http://joecrubaugh.com/blog/2007/05/16/dollars-and-sense/#comment-5910 Fri, 18 May 2007 03:07:49 +0000 http://joecrubaugh.com/blog/2007/05/16/dollars-and-sense/#comment-5910 I always laugh when celebrities, politicians, or whomever say that we are the richest nation on the planet; especially under the guise of that is why the terrorists HATE US. Historically, debt and arrogance are what our leaders do best, ad infinitum... Debt is a concept that carries from generation to generation, but the numbers become so abstract to the average Joe-not you Joe C- it becomes someone else's problem. National debt isn't <i>"my problem"</i> it is the government's problems. Such "justified" reasoning always drives me mad! I always laugh when celebrities, politicians, or whomever say that we are the richest nation on the planet; especially under the guise of that is why the terrorists HATE US. Historically, debt and arrogance are what our leaders do best, ad infinitum… Debt is a concept that carries from generation to generation, but the numbers become so abstract to the average Joe-not you Joe C- it becomes someone else’s problem. National debt isn’t “my problem” it is the government’s problems. Such “justified” reasoning always drives me mad!

]]> by: JoeC http://joecrubaugh.com/blog/2007/05/16/dollars-and-sense/#comment-5861 Thu, 17 May 2007 02:31:38 +0000 http://joecrubaugh.com/blog/2007/05/16/dollars-and-sense/#comment-5861 Xman: I think sooner or later, the Fed is going to have to print money round the clock to pay off the debt. And with all those dollars flooding the market...well, think of it this way: If tons of diamonds and gold hit the streets, they'd become a dime a dozen. So, too with the dollar...imagine what will happen when dollars become a dime a dozen, and your life savings will only buy a few loaves of bread? It's <a href="http://en.wikipedia.org/wiki/Hyperinflation#Hyperinflation_around_the_world" rel="nofollow">happened a lot around the world</a>, just not in the USA. On March 23, 2006 the <a href="http://en.wikinews.org/wiki/US_Federal_Reserve_ceases_to_publish_M3_index" rel="nofollow">Federal Reserve ceased publication of the M3 monetary aggregate</a>, so we no longer have a clear measure of how much money is on the street. And if you think you can hedge your retirement wealth by sinking it into gold, think again. The <a href="http://www.homelandstupidity.us/2005/08/25/treasury-department-claims-power-to-seize-gold-silver-currency/trackback/" rel="nofollow">Treasury Department has reasserted its power to seize gold and silver in national emergencies and wartime</a>, and since our Dictator in Chief has declared a War on Terror with no end game, or even a definition of what "winning" means, we'll likely be at war till the pigs can fly. Xman: I think sooner or later, the Fed is going to have to print money round the clock to pay off the debt. And with all those dollars flooding the market…well, think of it this way: If tons of diamonds and gold hit the streets, they’d become a dime a dozen. So, too with the dollar…imagine what will happen when dollars become a dime a dozen, and your life savings will only buy a few loaves of bread?

It’s happened a lot around the world, just not in the USA.

On March 23, 2006 the Federal Reserve ceased publication of the M3 monetary aggregate, so we no longer have a clear measure of how much money is on the street.

And if you think you can hedge your retirement wealth by sinking it into gold, think again. The Treasury Department has reasserted its power to seize gold and silver in national emergencies and wartime, and since our Dictator in Chief has declared a War on Terror with no end game, or even a definition of what “winning” means, we’ll likely be at war till the pigs can fly.

]]> by: Xman http://joecrubaugh.com/blog/2007/05/16/dollars-and-sense/#comment-5857 Thu, 17 May 2007 00:44:11 +0000 http://joecrubaugh.com/blog/2007/05/16/dollars-and-sense/#comment-5857 I either need to up my rates or accept currencies other than the dollar. The way the numbers read to me: 1. We are a junkie nation. 2. We are getting deeper and deeper in debt to our loan sharks/pushers. 3. The deeper in debt we get, the higher the vig gets. 4. Pretty soon we start working for the sharks/pusher. If I was holding the notes on our country, I'd be having talks with the bushies about how to "secure" the loans better. I'd be asking for laws that would more tightly control the junkies. Hey just like a dealer, he won't cut you off until you have no way to pay him. Anyone see my dark parallel? I either need to up my rates or accept currencies other than the dollar.

The way the numbers read to me:
1. We are a junkie nation.
2. We are getting deeper and deeper in debt to our loan sharks/pushers.
3. The deeper in debt we get, the higher the vig gets.
4. Pretty soon we start working for the sharks/pusher.

If I was holding the notes on our country, I’d be having talks with the bushies about how to “secure” the loans better. I’d be asking for laws that would more tightly control the junkies.
Hey just like a dealer, he won’t cut you off until you have no way to pay him.

Anyone see my dark parallel?

]]> by: JoeC http://joecrubaugh.com/blog/2007/05/16/dollars-and-sense/#comment-5856 Wed, 16 May 2007 23:15:44 +0000 http://joecrubaugh.com/blog/2007/05/16/dollars-and-sense/#comment-5856 "We are speeding toward becoming a third world country." It's as if the politicians know it would be easier to slip into a dictatorship than to fix the problems...like, we've got the most expensive health care system in the world, but 25% of the population can't afford it, so on a global scale, individual health care in the U.S. is ranked somewhere below the 30th nation in the world. We've still got it very nice here, just moving in the wrong direction... “We are speeding toward becoming a third world country.”

It’s as if the politicians know it would be easier to slip into a dictatorship than to fix the problems…like, we’ve got the most expensive health care system in the world, but 25% of the population can’t afford it, so on a global scale, individual health care in the U.S. is ranked somewhere below the 30th nation in the world. We’ve still got it very nice here, just moving in the wrong direction…

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