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rogerhb
Master
Joined: Sep 06, 2004
Posts: 5315
Location: Smalltown New Zealand
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 Posted: Sat Feb 11, 2006 11:43 am Post subject: Nuking the Economy - PCR |
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Nuking the Economy
My favourite line is
| Quote: | | The declines in some manufacturing sectors have more in common with a country undergoing saturation bombing during war than with a super-economy that is “the envy of the world.” |
I think the wait is nearly over.
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Carlhole
Knight of the Realm
Joined: Jul 05, 2004
Posts: 3255
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| Posted: Sat Feb 11, 2006 11:59 am Post subject: Re: Nuking the Economy - PCR |
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You shouldn't post articles like that - it's unpatriotic.
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"May you live in interesting times" |
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rogerhb
Master
Joined: Sep 06, 2004
Posts: 5315
Location: Smalltown New Zealand
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| Posted: Sat Feb 11, 2006 12:01 pm Post subject: Re: Nuking the Economy - PCR |
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| Carlhole wrote: | | You shouldn't post articles like that - it's unpatriotic. |
Not from where I'm sitting. 
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"Complex problems have simple, easy to understand, wrong answers." - Henry Louis Mencken |
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bobbyald
Heavy Crude
Joined: Jan 18, 2005
Posts: 265
Location: London, UK.
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| Posted: Sat Feb 11, 2006 3:42 pm Post subject: Re: Nuking the Economy - PCR |
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Interesting article.
The US economy certainly looks like it will be entering a deflationary recession at some time. Just how long will the rest of the world continue to support an economy and currency build on such shaky foundations?
I think we can be fairly certain that the US will use both the printing press and its military when the time comes and no one will be safe. Be prepared!
The scariest sentence for me is:
| Quote: | | It is possible that there might be no exchange rate at which the US can balance its trade |
..so a freely floating exchange rate without the benefit of reserve curreny status would sink to what?
..and this from a former assistant secretary to the treasury.
| Quote: | | You shouldn't post articles like that - it's unpatriotic |
You keep the paper dollars then. I'll stick with my oil and gold.
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rogerhb
Master
Joined: Sep 06, 2004
Posts: 5315
Location: Smalltown New Zealand
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| Posted: Sat Feb 11, 2006 3:52 pm Post subject: Re: Nuking the Economy - PCR |
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| bobbyald wrote: | | I think we can be fairly certain that the US will use both the printing press and its military when the time comes and no one will be safe. |
I thought it already was, on both counts!
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bobbyald
Heavy Crude
Joined: Jan 18, 2005
Posts: 265
Location: London, UK.
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| Posted: Sat Feb 11, 2006 4:25 pm Post subject: Re: Nuking the Economy - PCR |
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I think they've hardly begun yet.
(You should do better than most in New Zealand)
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Life results from the non-random selection of randomly generated replicators |
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rogerhb
Master
Joined: Sep 06, 2004
Posts: 5315
Location: Smalltown New Zealand
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| Posted: Sat Feb 11, 2006 4:59 pm Post subject: Re: Nuking the Economy - PCR |
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| bobbyald wrote: | | You should do better than most in New Zealand |
All part of the cunning plan!
Alas we still have the morons who bemoan a high currency then wonder why fuel prices go up. We still have idiots who want to carpet more of the country in tarmac. We still have cretins who want to increase the population.
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"Complex problems have simple, easy to understand, wrong answers." - Henry Louis Mencken |
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jaws
Light Sweet Crude
Joined: Apr 24, 2005
Posts: 1257
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| Posted: Sat Feb 11, 2006 6:38 pm Post subject: Re: Nuking the Economy - PCR |
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When you increase government spending it will draw resources out of the private sector, whether it's deficit-financed or tax-financed. That means private sector employment will fall.
The economy is being nuked, by the idiot government of the United States. |
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MicroHydro
Light Sweet Crude
Joined: Apr 10, 2005
Posts: 1286
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| Posted: Sat Feb 11, 2006 10:20 pm Post subject: Re: Nuking the Economy - PCR |
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Very happy to be in NZ. The fiat paper Kiwi dollar is also trash, but we have plenty of biomass, lumber, meat, fish, veges, milk, and wool. If TSHTF so we are knocked back to the Victorian Era, that is ok too, plenty of coal to burn. Not to mention hydro and wind. A lot of realtors will be humbled, but we will muddle through.
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rogerhb
Master
Joined: Sep 06, 2004
Posts: 5315
Location: Smalltown New Zealand
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| Posted: Sat Feb 11, 2006 10:36 pm Post subject: Re: Nuking the Economy - PCR |
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... and the geothermal. Just need to kick out some certain aluminium smelters and we'll last a while longer.
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"Complex problems have simple, easy to understand, wrong answers." - Henry Louis Mencken |
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Kingcoal
Expert
Joined: Sep 29, 2004
Posts: 2330
Location: Pennsylvania, USA
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| Posted: Sat Feb 11, 2006 10:50 pm Post subject: Re: Nuking the Economy - PCR |
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| MicroHydro wrote: | | Very happy to be in NZ. The fiat paper Kiwi dollar is also trash, but we have plenty of biomass, lumber, meat, fish, veges, milk, and wool. If TSHTF so we are knocked back to the Victorian Era, that is ok too, plenty of coal to burn. Not to mention hydro and wind. A lot of realtors will be humbled, but we will muddle through. |
I'm very happy to be in the USA. We have plenty of the above perhaps minus the wool...
The economy has been under nuke attack from the US government since 1971. The inflationary upward spiral destroyed US manufacturing except for military, medical and other forms of high priced, high profit goods. The government finally figured out that inflation could be exported and that's what's been going on ever since. |
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