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  1. #51
    Oberon
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    Quote Originally Posted by The_Liquid_Laser View Post
    Well I'd doubt I'd want to read him. Even ignoring the issue of blame the whole article is misleading.
    Well then, thanks for the tip. I'll quit hitting his blog.

  2. #52
    Senior Member Robopop's Avatar
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    Quote Originally Posted by Victor View Post
    The USA owns, controls and prints the Reserve Currency of the world. So the USA can't go broke but other countries can.
    So the rest of the world is just going to continue to sit by idlely while the US keeps running up it's dept?
    Reserved Calm Unstructured Egocentric Inquisitive Clown

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  3. #53
    Oberon
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    I do wonder what will happen when the Treasury issues a series of T-bills, as it regularly does, and nobody shows up to buy them.

  4. #54
    resonance entropie's Avatar
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    You should lay your hands down on Bolivia. They have the world's biggest Lithium deposits.

    If you advance some infrastructure there and buy some companies build some machines, you can become quickly the world's biggest Lithium provider, which will be a key element for battery production and maybe become very important for electric cars.
    [URL]https://www.youtube.com/watch?v=tEBvftJUwDw&t=0s[/URL]

  5. #55
    Senior Member ItsAGuy's Avatar
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    Sighs at the article; glaring omissions and some clerical errors, too. I tend to agree with the point, but hard to agree with him when he somehow mysteriously neglects that military is more than 51% of our budget... a figure somehow incompatible with suggesting entitlements are 58%. Huh! Must be messing with the numbers somewhere to 'embellish' a bit.

    Also seems to have forgotten that FDR's legacy left us with some of our lowest debts (in spite of some of our biggest wars), and a middle class capable of generating a GNP capable of propelling us to the top of the pile (and yes, I know other nations were in a state of rebuilding, but still... look how far we've fallen since we started focusing more on war and the rich than on the middle class and our economy.)
    Last edited by ItsAGuy; 09-23-2010 at 10:29 AM. Reason: wrong link type
    [SIGPIC][/SIGPIC]

  6. #56
    Senior Member ItsAGuy's Avatar
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    kinda sorta relevant to our financial woes: YouTube - Hanging from a Cross of Iron
    [SIGPIC][/SIGPIC]

  7. #57
    Senior Member StrawMan's Avatar
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    Quote Originally Posted by Victor View Post
    The USA owns, controls and prints the Reserve Currency of the world. So the USA can't go broke but other countries can.
    Damn, that can't be good! First we should make euro the currency of oil trade. The sleaziest con-men of EU should be put on the case.

  8. #58
    resonance entropie's Avatar
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    I am up to the task !
    [URL]https://www.youtube.com/watch?v=tEBvftJUwDw&t=0s[/URL]

  9. #59
    Senior Member Survive & Stay Free's Avatar
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    YAY!!

  10. #60
    Oberon
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    Well! Now that that problem's solved, who wants a beer?

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