US beats UK and Germany by a mile!!!
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catzarecute wrote:
What currency should we purchase ?
Buy gold coins. Buy a money belt designed to hold them. When the inflation rate goes over 15% - wear the belt at all times.
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
I see a subtle, yet fundemental problem with the Gold Belt. If said belt was loaded with sufficient coinage to afford one's requirements, one would become ungodly slow due to the extreme hip-mounted weight. Thus although one could afford to buy the necessities, the inevitable impoverished mobs would rush the sitting gold belted duck. And when you're carrying that much gold, there's only so much ammo you can muster.
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I see a subtle, yet fundemental problem with the Gold Belt. If said belt was loaded with sufficient coinage to afford one's requirements, one would become ungodly slow due to the extreme hip-mounted weight. Thus although one could afford to buy the necessities, the inevitable impoverished mobs would rush the sitting gold belted duck. And when you're carrying that much gold, there's only so much ammo you can muster.
10110011001111101010101000001000001101001010001010100000100000101000001000111100010110001011001011
MidwestLimey wrote:
And when you're carrying that much gold, there's only so much ammo you can muster.
Today 6.6 lbs gold = roughly 33,000 loaves of bread. I have no idea what kind of exchange rate there might be afterwards. But you're right, anyone who can't handle a belt weighing, say ten lbs, shouldn't listen to me. Won't matter anyway, they won't survive. ;)
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
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Unfortunately, I'm talking about the decline in the first quarter's GDP. England posted its biggest drop in 30 years: 1.9%. Prediction of the end of the Empire abound. Germany was forced to up its predictions of total GDP shrinking for the year from 2.5% to 6.5% based on its 1st quarter results. Predictions for the fall of Merkle's government abound. But the US posted a 6.1% drop for the quarter Far worse than even the most pessimistic of economic quacks analysts had expected. This rate is almost as bad as the last quarter of the previous year and is the third quarter in a row of GDP shrinkage. Presumably the response to this dismal news -- and it is dismal -- from the White House will be to talk about its plans to spend more money on welfare, print more money to prop up dinosaurs; save money by spending less defending our southern border from invasion, or how the brand new Health & Human Services Secretary is already gaining the upper hand in their noble and courageous battle against the swine flu - by spending a billion and a half dollars.
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
Oakman wrote:
Prediction of the end of the Empire abound.
ROTFL - do they think they still have one ? It's been dead for 60 odd years now.
Christian Graus Driven to the arms of OSX by Vista. "I am new to programming world. I have been learning c# for about past four weeks. I am quite acquainted with the fundamentals of c#. Now I have to work on a project which converts given flat files to XML using the XML serialization method" - SK64 ( but the forums have stuff like this posted every day )
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John Carson wrote:
It is not as bad as your think. 6.1% is the annualized rate
Arrrg. I thought since they were comparing it to the last quarter of the year. . .never mind. It was a dumb mistake. I should've known better. :-O Interesting that Germany annualizes its 2.5% quarterly drop to an annualized rate of 6.5%, eh?
John Carson wrote:
because the Federal government is throwing money at the problem in a series of fiscal stimulus packages --- as all countries should be.
Of course they should! - otherwise the countries that are printing money will discover that their bond rates are being driven steadily north and its citizens will find out that they can't buy as much as they used to. But if all countries will do it, maybe no-one will notice the difference - except when they have to exchange wheelbarrows for wallets ;) By the way, our bond rates topped 3% today - how are yours doing?
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
The funny thing is, people are getting stimulus money and buying big TVs. So, the money is all going to China. I deplore it, I think it's all insane.
Christian Graus Driven to the arms of OSX by Vista. "I am new to programming world. I have been learning c# for about past four weeks. I am quite acquainted with the fundamentals of c#. Now I have to work on a project which converts given flat files to XML using the XML serialization method" - SK64 ( but the forums have stuff like this posted every day )
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The funny thing is, people are getting stimulus money and buying big TVs. So, the money is all going to China. I deplore it, I think it's all insane.
Christian Graus Driven to the arms of OSX by Vista. "I am new to programming world. I have been learning c# for about past four weeks. I am quite acquainted with the fundamentals of c#. Now I have to work on a project which converts given flat files to XML using the XML serialization method" - SK64 ( but the forums have stuff like this posted every day )
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The funny thing is, people are getting stimulus money and buying big TVs. So, the money is all going to China. I deplore it, I think it's all insane.
Christian Graus Driven to the arms of OSX by Vista. "I am new to programming world. I have been learning c# for about past four weeks. I am quite acquainted with the fundamentals of c#. Now I have to work on a project which converts given flat files to XML using the XML serialization method" - SK64 ( but the forums have stuff like this posted every day )
Christian Graus wrote:
The funny thing is, people are getting stimulus money and buying big TVs. So, the money is all going to China. I deplore it, I think it's all insane.
People are buying all sorts of things. And even if $900 is spent on a TV, some of that goes to retailers and wholesalers in Australia. Moreover, the best way to get out of the mess is for all countries to provide stimulus simultaneously. Thus we benefit China (and all countries we import from) and China (and all countries we export to) benefits us. The main rationale behind the current policies is that infrastructure programs take time to get up and running. In the short term you can do what the government has done: 1. give money to the states so they don't need to make cutbacks, 2. hand out money to consumers. When the infrastructure programs kick in, the cash handouts to consumers will be scaled back. The government is playing this exactly right.
modified on Thursday, April 30, 2009 4:04 AM
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Unfortunately, I'm talking about the decline in the first quarter's GDP. England posted its biggest drop in 30 years: 1.9%. Prediction of the end of the Empire abound. Germany was forced to up its predictions of total GDP shrinking for the year from 2.5% to 6.5% based on its 1st quarter results. Predictions for the fall of Merkle's government abound. But the US posted a 6.1% drop for the quarter Far worse than even the most pessimistic of economic quacks analysts had expected. This rate is almost as bad as the last quarter of the previous year and is the third quarter in a row of GDP shrinkage. Presumably the response to this dismal news -- and it is dismal -- from the White House will be to talk about its plans to spend more money on welfare, print more money to prop up dinosaurs; save money by spending less defending our southern border from invasion, or how the brand new Health & Human Services Secretary is already gaining the upper hand in their noble and courageous battle against the swine flu - by spending a billion and a half dollars.
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
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Oakman wrote:
save money by spending less defending our southern border from invasion
Isn't immigration just cheap growth?
Morality is indistinguishable from social proscription
fat_boy wrote:
Isn't immigration just cheap growth?
I think that is pretty much what large corporations employing lots of unskilled labor think it is. But it is cheap for them because the demands on America's social infrastructure (hospitals, schools, etc) are increased without any concommitant increase in taxes being paid in. To some extent, the Democratic party also feels that it is cheap growth for them. The unskilled and illiterate know very little about democracy except that it is possible to vote for someone who will give you things, "for free."
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
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fat_boy wrote:
Isn't immigration just cheap growth?
I think that is pretty much what large corporations employing lots of unskilled labor think it is. But it is cheap for them because the demands on America's social infrastructure (hospitals, schools, etc) are increased without any concommitant increase in taxes being paid in. To some extent, the Democratic party also feels that it is cheap growth for them. The unskilled and illiterate know very little about democracy except that it is possible to vote for someone who will give you things, "for free."
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
Oakman wrote:
without any concommitant increase in taxes being paid in.
Disagree. Proportionaltely the working class pay more in tax than the upper class (due to efficient tax avoidance structures available to thiose with monwey).
Oakman wrote:
The unskilled and illiterate know very little about democracy except that it is possible to vote for someone who will give you things, "for free."
How can you condemn the desire for the working class guy vote when your entire country is based on the freedom of the simple man? Surely you are running against the very tennets of the US? You have a massive amount of land which is enmpty. You couild take in millions of people and still have room to spar. Take a lok at northern Europe, Holland, Germany, Belgium, the SOuth of the UK by comparison. Cheek to cheek living, massively populated, massively used. If you want growth, just open the gates. You wont need to offshopre any more industry, you will have all the cheap labour you need at home, and you get to keep all the tax revenues.
Morality is indistinguishable from social proscription
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Oakman wrote:
without any concommitant increase in taxes being paid in.
Disagree. Proportionaltely the working class pay more in tax than the upper class (due to efficient tax avoidance structures available to thiose with monwey).
Oakman wrote:
The unskilled and illiterate know very little about democracy except that it is possible to vote for someone who will give you things, "for free."
How can you condemn the desire for the working class guy vote when your entire country is based on the freedom of the simple man? Surely you are running against the very tennets of the US? You have a massive amount of land which is enmpty. You couild take in millions of people and still have room to spar. Take a lok at northern Europe, Holland, Germany, Belgium, the SOuth of the UK by comparison. Cheek to cheek living, massively populated, massively used. If you want growth, just open the gates. You wont need to offshopre any more industry, you will have all the cheap labour you need at home, and you get to keep all the tax revenues.
Morality is indistinguishable from social proscription
fat_boy wrote: Proportionaltely the working class pay more in tax than the upper class (due to efficient tax avoidance structures available to thiose with monwey Agreed, but that doesn't mean that they pay enough to cover their costs. When it comes to police, fire, sanitation, schools, hospitals, roads, etc., most of those costs, in this country, are paid for by millage, a tax much harder for the rich to avoid than income-based taxes. The three mexican families living in a three room walkup in the poorest section of town do not pay enough to cover what they add to the costs of those services - especially since they get their healthcare for free. fat_boy wrote: How can you condemn the desire for the working class guy vote when your entire country is based on the freedom of the simple man? Surely you are running against the very tennets of the US? Not in the slightest. Our country was founded as an oligarchy. Only rich white males could vote. (Rich meant you owned property or paid a poll-tax - the equivalent of a couple of months wages for a school-teacher, far more money than a bond-servant would see in a year.) fat_boy wrote: Cheek to cheek living, massively populated, massively used. This is a good thing according to you? Something we should emulate? X| fat_boy wrote: If you want growth, Where did I talk about growth? :confused: fat_boy wrote: you will have all the cheap labour you need at home We already do. I was hoping it would all go back where it came from, then this damnable flu-scare started. What I personally want is for the US to stop worrying about Europe, Asia and Africa and you-all go to hell in whatever handbasket suits your fancy while we take care of weaving ours.
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin