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Hey 3rd World,
Thank you for bringing some rational thought to this conversation.

That's a huge "IF" Brother Dapanz1, which ignores the political/ social stability factor. Yes, we are the #1 consuming nation (although that is coming to an end) and with the broadest-spectrum middle-class, and will continue to be. Also with the separation of powers, any change but especially negative comes slowly. We will I think remain the nation of choice for sovereign wealth funds and Big Capital. Is inflation on the horizon? Undoubtedly, with our wealth-eating foreign adventurism (I'm not even going to discuss the Wall Street/ banking debacle). The trick is to contain that inflation to a livable level, and to direct some of the upflow of wealth to downflow to level things out. This topic worries me because those charged with containing inflation have pretty much run out of tricks and ploys but I believe we will muddle on. I do agree that the era of "Pax Americana" has ended. Maybe it's time we took a place in a BRIC world?

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"A man accustomed to hear only the echo of his own sentiments, soon bars all the common avenues of delight, and has no part in the general gratification of mankind"--Dr. Johnson
"Amen, brother"-ED

Well, it is late and I'm enjoying a conversation online with a beautiful Colombiana. But, let's just say that if their is one upside to a fiat currency, we just press the "Delete" button and all that excess that is floating around the world just goes away. Most all currencies are fiat. I am convinced that in my lifetime we will have a one world currency.

dapanz1

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Paradise= Sitting outside the Bodega in Panama City about 1 am. Drinking cool Balboas with cool friends and blazin' hot Colombianas. I want to be there..RIGHT NOW!

and one World government

If we ever do have "One World Government", it will be on the Yugoslav model with very disparate peoples forcibly held together, rather than a "Consent of the Governed " model... Unless that government is "The Universal Corporation" based on force and seduction.

_________________
"A man accustomed to hear only the echo of his own sentiments, soon bars all the common avenues of delight, and has no part in the general gratification of mankind"--Dr. Johnson
"Amen, brother"-ED

my point exactly

The bubble of arrogance and superiority that has shielded the US is about to bust... History is very important to remember. So many powers have fallen after a much longer existence than the US. Leaders of both parties and all walks of life have been selling you out for years. Most forces holding together America's economy are smoke and mirrors... Not looking to incur the wrath of patriots, but the US will likely not be a super power economically in 100 years, possibly less..

We are just being toyed with, like a cat plays with a ball of twine.....

I thought I would bump this one after reading this article. Haven't really drawn conclusions but would be interested to hear opinions from you guys that really seem to know the economics of the situation...

"A Truly Extraordinary Slump": Reports of Robust Recovery Premature, James Galbraith Says
Posted Nov 19, 2009 01:51pm EST by Aaron Task in Newsmakers, Recession
Related: XLF, XHB, ^dji, ^GSPC, DHI, TOL, PHM
Disappointing reports this week on housing starts and foreclosures, as well as the index of leading economic indicators, have cast a bit of a pall on the "robust recovery" story, putting a crimp in the stock market's ascent in the process.
University of Texas professor James Galbraith was never a believer in the V-shaped recovery and says it's going to take a very long time for the U.S. to recover from a "truly extraordinary slump."

What the optimists are missing is the impact the housing bust is having on both American's ability to borrow and banks willingness to lend. The resulting credit contraction will prevent this recovery from following the path of those following prior post-war recessions, he says.

"There's no question the U.S. economy has stabilized but [it] remains very weak and will likely continue to be weak," Galbraith says. "There's very little sign the benefits that are being felt on Wall Street will be felt in the broader country anytime soon."

Galbraith predicts the unemployment rate will continue to rise into 2010 and decline "very slowly" thereafter. The U.S. economy needs "substantially greater policy intervention," he says, focused on the following:

Housing Woes: As of Sept. 30, over 14% of American homeowners with a mortgage are either behind on payments or in foreclosure, the Mortgage Bankers Association said Thursday. Those figures suggest the real inventory of homes for sale is much bigger than the "official" 8-month supply, as The WSJ reports. The government must do more to prevent foreclosures, Galbraith says.
Smart Jobs: Beyond merely putting people to work, Galbraith seeks policies that would both "create employment and set a strategic direction for the economy," most notably in the area of renewable energy.
Boomer Blues: With millions of Baby Boomers at or near retirement age, Galbraith advocates aid for new retirees, "so the demographic transition goes more smoothly than it otherwise would

Yea, I agree with alot of what is said. If you have been on the board as Danpanz has been you will know that we have been talking about what is happening since 06 or before.

I know lots of people disagree with me. And politicail correctness prevents the ideas from being discussed. That is why I think people want to talk about the results of the problem and not the problem.

First and foremost is affirmitive action. Which is ileagal. Just think women make up 52 percent of the population. Yet are a legal minority. Jester talked about the gringa intilament attitude for past wrongs. Yet that attitude is law.

I am of Irish ancestory. Mainly. A mix after that. But the English ruled the world with one basic idea. Divide and Conquer. Keep them fighting each other and you control them both. That is what the elite have done. They know what is best for us. And they use a womans natural anger at her having periods, and OBGYN's, and Menapouse. And they have the women beleive man not nature did this to them. And man owes them. Well now you have half the people want to punish the other half. Then through in the minoritys' fighting each other. Making drug's ileagal and locking up Millions of men. For drugs and non support. And we are divided.

Molly pitcher followed her man to Bunker hill. Martha Washington followed her man to Valley forge. They did not hate men. But, they were not there because of love of country. But love of their man. Yet they did not vote. When you look at our government and its spending policys. You will see the example of a women with a credit Card.

In an 8-09 article of the USA paper, It stated that for every one man who gets a government job, 97 women are hired by goernments. FED, STATE, Local. 70% of the people making something that is sold. Who pay taxes can support 30% of the people as overhead. But 20% producing something can not support 80%. Simple bussiness. Yet, last year. 60% of people who finished college were women. And 70% of college graduates were trying to get government jobs. They are the only people hiring. And the law says. the women has preference.

Untill we get to the core issues. We will not solve the problems. We have to kill the cancer not treat the sore.

My two cents.

_________________
Take a walk on the wild side.

---rather than a "Consent of the Governed " model... Unless that government is "The Universal Corporation" based on force and seduction.---

Sort of sounds like the world of -ROLLER BALL — I like the original movie with James Caan--- neat game , a lot better then soccer. If any one world government takes over we be forced to play soccer not football, if that’s not a reason to get our act together I do not what could be

I don't drink kool aid from either side of the spectrum. I don't think politicians should handle the economics of the country anymore than they should operate on a person if they aren't a doctor. Washington is the problem. They are all right wing or left wing idiots. Extremists of any type in any culture are always the most danger to that culture. Or perhaps this is all the fault of people not following basic common sense. If it sounds too good to be true it is. Or perhaps irresponsibility. I always used to wonder how so much of the middle class has so many toys: three cars, summer house. boat etc., but not much of a plan for the future. I actually think some, not all, are reaping the rewards for poor and reckless planning. And in the big picture, it is all spinning out of control. Like one giant ponzi scheme.

Wow I forgot I made a post on here and it was resurrected. Neat.

Now back onto topic it is one big ball of shit and yes since he was last Pres. Bush left us this. But all these new taxes comin our way cant help out. Plus what is it now 1 in 6 AMERICANS under nourished (not good) I very scared!

I have some future US Govt. pension that I would like to collect also Srlim so I am also a proponent of the state but still scared.

Gold this week past $1140 record high. Also very scary.