Comments on: Legal tender, except for abortion and birth control

By: Cold n P

Cold n P — Fri, 08 Feb 2013 04:19:36 +0000

I have been saying my entire time on this board that the United States is PRIMARILY an economic union. When the government stops paying its bills, game over, it’s the Balkanization of US. It’s like the fall of the Soviet Union. When the Soviets went bankrupt the Soviet Union fell.

Anybody who thinks this could not happen to the US has their head in the sand. What we are hearing from our politicians is the states are already looking around for dance partners just in case the worst happens. Our politicians are playing with fire and better man up and start working for the country instead of personal gain. This goes for both parties.

I sincerely hope the worst case doesn’t happen. But it could. This time it’s not gonna be North against the South. It’s gonna be who gains control of the Nukes and there will be no chance of reconciliation. No war to decide the outcome. (Unless SC starts one, they do have 1 Nuke unaccounted for..)

If the US splits this time it will be for good and I think you would see 3-6 countries come out of the breakup.

“Now is the time for all good men to come to the aid of their country.”
-C Weller

Funny, it’s just a training sentence for typing, but so apropos to the state of our nation. Problem is, do we have any good men or women willing or ABLE to serve their country? You do have to pander to money to even get on a ballot these days. That greatly reduces the candidate pool, right?

“For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.” 1 Timothy 6:10 KJV

Yep, I’m feeling a bit cynical today.

By: Kristen

Kristen — Fri, 08 Feb 2013 03:27:15 +0000

Mikeo, so your entire perception of inflation in thus country is based on Food Lions “basics” program or whatever?

Not a legitimate foundation for any general economic judgement.

By: Dan Casey

Dan Casey — Fri, 08 Feb 2013 03:18:24 +0000

Hillary,

mikeO thinks the yuan will supplant the dollar. That’s what he forsees, no kidding.

By: Hillary

Hillary — Fri, 08 Feb 2013 00:24:44 +0000

Comment by mike o — February 7, 2013 @ 5:18 pm
“Dan,
I simply don’t agree that a collapse (for lack of a better term) of US currency, necessarily means that “everybody dies” like in a nuclear war (if that were the case we would not be around to care). You are comparing apples and oranges.”

Facts:
The U.S. dollar has been the primary reserve currency of the world for decadesm the result is the United States a tremendous amount of economic power.

The dollar became the world’s reserve currency when President Nixon abandoned the gold standard in the 1970s, thus, the dollar is used for 43% of all cross-border transactions.

The dollar’s value is strong as measured by central bank reserves — 61% of the these foreign currency reserves are in dollars.

The next most popular currency? The euro, which comprises less than 30% of reserves.

The eurozone debt crisis has only weakened the euro as a viable alternative to the dollar as a global currency.

So the collapse of the dollar would have no impact is what you are premising? Yikes.

By: Dan Casey

Dan Casey — Thu, 07 Feb 2013 23:56:31 +0000

mikeO, you have already demonstrated, over and over again, that you lack imagination and foresight. You can’t think any more abstractly than it takes to imagination a red light turning green. So it’s no wonder you can’t conceive of the implications of the collapse of the federal reserve.

We understand. But it’s your problem, not mine.

By: mike o

mike o — Thu, 07 Feb 2013 22:18:33 +0000

Kristen,
I was speaking of food lion’s private brands. Bottom line is that “inflation is the rise in level of prices of goods and services and purchasing power is falling”.
I submit that when you spent $1 for 16oz of “soup” last week and this week that same $1 only gets you 12oz the “purchasing power” of your dollar has fallen.
Comparing technological advances in tv’s/ cell phones, etc… does not make a fair or intelligent argument. Given that thought process; since the first “car phone” I purchased in the 80’s cost me thousands of dollars and I can now get a “cell phone” for “free” (with 2 year agreement…etc…lol); my purchasing power is great and our economy has been on a roll since that time. (this would poke some holes in obama’s “I inherited the worst economy in the history of the world” argument.)
Hey, “I get it” if you don’t “choose” to “see it”, but burying your head in the sand does not make the problems go away…

Dan,
I simply don’t agree that a collapse (for lack of a better term) of US currency, necessarily means that “everybody dies” like in a nuclear war (if that were the case we would not be around to care). You are comparing apples and oranges.

Warren,
Your post of 8:21 proves your lack of knowledge regarding not only inflation, but deflation and disinflation; maybe you need a refresher course.

By: Justin True

Justin True — Thu, 07 Feb 2013 14:22:45 +0000

Dan… pammala, can’t even afford a shift key. Be nice!

By: Kristen

Kristen — Thu, 07 Feb 2013 14:10:31 +0000

pammalala, Google the definition of “inflation”.

By: Dan Casey

Dan Casey — Thu, 07 Feb 2013 13:50:54 +0000

“electronics always come down in price kristen, duh..what about real items not playthings dear..”
–pammala

pammala, your complete and total lack of self-awareness is part of your peculiar poster charm. I hate to break it to you, but you are no consumer economist. And you’ll never get there stocking the candy aisle with Paydays and Now & Laters, or shucking pizza slices to drunks at $1 per.

Anyway, for our amusement, pray tell what the all-electronic Nissan Leaf will cost in 10 years? How far is that price gonna drop? Will it cost less than a high-end dishwasher?

By: gdad

gdad — Thu, 07 Feb 2013 13:45:44 +0000

Boy, pammala, Kristen’s joke really flew right over the top of your head, didn’t it?