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Down goes the Dollar

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Pam
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PostSubject: Re: Down goes the Dollar   Sun Apr 27, 2008 6:11 pm
Abe you seem as touchy as me today! Have a little schnapps in your evening coffee perhaps...but try and stick to decaf.
sunny
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Abe F. March
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PostSubject: Re: Down goes the Dollar   Tue Apr 29, 2008 2:44 pm
I just finished reading the following:

If America wanted to pay off it debt to china today, it would cost every American $4,000.
China continues to be subsidized as a developing country and continues to get "favored nation status" for imports. How much more insane can we get?
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Pam
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PostSubject: Re: Down goes the Dollar   Wed Apr 30, 2008 1:06 pm
Well, once you reach that borderline between sane and insane it's really hard for people to tell. I had no idea the US would be indebted to China. What were they thinking?
Then again perhaps I should watch me mouth...and see if Canada is too.
No wonder my kids don't want kids. What kind of a world are we leaving behind us?
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Abe F. March
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PostSubject: Re: Down goes the Dollar   Wed Apr 30, 2008 3:02 pm
Well, even with the dollar going down, tonight the May Pole goes up. Yes, we will celebrate the pole going up with Wine, Bier, Bratwurst & Soft Pretzels. Tomorrow some will try to climb the pole. I fear some may go down just like the dollar. lol!
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lin
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PostSubject: Re: Down goes the Dollar   Wed Apr 30, 2008 5:37 pm
I've always gone mildly nuts every time I think about a brutal totaliarian regime that exports things made with slave labor as "most favored nation".

Yet it's illegal for Americans to buy a postcard in Cuba. Which country is more dangerous?
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Abe F. March
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PostSubject: Re: Down goes the Dollar   Wed Apr 30, 2008 6:19 pm
Lin,
nothing seems to make sense anymore.
We support dictators who can do us favors.
We press for democracy, yet when someone is democratically elected that doesn't agree with us, we refuse to recognize them.
Our credibility has gone down the tubes. We profess to be an honest broker but our actions don't back that up.
What has happened to America?
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P. Gordon Kennedy
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PostSubject: Re: Down goes the Dollar   Wed Apr 30, 2008 10:41 pm
Abe F. March wrote:
I just finished reading the following:

If America wanted to pay off it debt to china today, it would cost every American $4,000.
China continues to be subsidized as a developing country and continues to get "favored nation status" for imports. How much more insane can we get?


And unfortunately, the Iraq war will only make the situation worse. In large part, the war is funded on credit, and China is the one of America's largest creditors. The interesting question is what happens when China wants its money back and the US is so far in debt it cannot afford to pay off the loans. Crying or Very sad
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P. Gordon Kennedy
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PostSubject: Re: Down goes the Dollar   Wed Apr 30, 2008 10:47 pm
lin wrote:
I've always gone mildly nuts every time I think about a brutal totaliarian regime that exports things made with slave labor as "most favored nation".

Yet it's illegal for Americans to buy a postcard in Cuba. Which country is more dangerous?


I'd have to say China is definately the more dangerous country. China has over 450 atomic bombs, whereas Cuba has zero. China also has an army of 200 million troops, many times Cuba's entire population. In addition China has one of the world's worst human rights records (not that cuba is much better), but few places are worse (except mayby North Korea, Saudi Arabia, and Iran).
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lin
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PostSubject: Re: Down goes the Dollar   Thu May 01, 2008 4:01 am
Careful, some of those are allies. Or were or will be or something.
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zadaconnaway
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PostSubject: Re: Down goes the Dollar   Thu May 01, 2008 4:16 am
Everything is insane these days. I think I'll find a cave to reside in somewhere and live off the flora and fauna. But with my luck, I would probably have to fend off an old mama bear!!
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Abe F. March
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PostSubject: Re: Down goes the Dollar   Thu May 01, 2008 6:16 am
China is already a superpower. It is not officially recognized as such but the facts support it. One day they will decide to flex their muscles and there will be nothing we can do about it short of annihilation.
Our greed has fueled China with the technology and all the goodies that go with it. They have manpower unequaled anywhere. And Gordon, you're right. When they ask us to "Pay Up," we had better be prepared to do just that.
Our notorious leader is messing with dynamite. If he continues his efforts to justify action against Iran, he may spark the backlash. China is friendly with Iran
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zadaconnaway
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PostSubject: Re: Down goes the Dollar   Thu May 01, 2008 1:43 pm
I had better find that cave and start outfitting it!
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Zada Connaway
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lin
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PostSubject: Re: Down goes the Dollar   Thu May 01, 2008 2:53 pm
I hear Bin Laden is renting out a spare corner of his.
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zadaconnaway
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PostSubject: Re: Down goes the Dollar   Thu May 01, 2008 3:39 pm
No thank you, I like it right where I'm living now--near the mountains with lots of unexplored areas. Maybe I could hook up with a ridge runner in the area here, and make out nicely.

Besides, Bin Laden wouldn't last very long with me. 2 minutes, maybe!
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Zada Connaway
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Abe F. March
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PostSubject: Re: Down goes the Dollar   Thu May 01, 2008 5:11 pm
Two minutes, Zada? I'm trying to visualize this. We are talking about physical contact, right? Twisted Evil
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Down goes the Dollar

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