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They know who they are, The worlds record holders should put congress down as the largest gathering of "Stupid people".
If they do, I want a caption "John Lara pointed out, after the greatest world economic crisis since the Great Depression, that the United States Congress has officially become deserving of the title; largest regular gathering of the stupidest people in the world"
ooops, it's "reshaping LEARNING from the ground up." Those are two words I'm ashamed to get confused. ;)
I like Alvin Toffler's ideas on school reform: "Reshaping education from the ground up."
Why don't we just keep monetizing our debt and driving the value of the dollar down? After all, look how well that worked for Argentina.
The fractional-reserve banking Ponzi scheme is always a downward force on the dollar, as well.
The twin wars in Iraq and Afghanistan have been and are currently being financed on credit. That is the main reason for the decline in the dollar. The drain on the real economy by overextending our military all over the world is the principal cause. The second reason, and almost as important as the unfunded wars was the financial catastrophe that Wall St. created with the collateralized debt obligations and the credit default swaps. The trillions of dollars of necessary intervention to save the banks is borrowed money too. The dollar has a long way to fall and it may very well be replaced as the currency for international trade. There is already rumblings among OPEC members to seek a new way to value their production.
The dollar is toast!! The super-national institutions (IMF, WTO, World Bank) we've propped up with counterfeit dollars will likely issue another counterfeit currency to compete with the counterfeit dollar. Just another step toward global governance. Global money = global government.
Speaking of global government:http://www.victoriaadvocate.com/weblo...
Never forget what the infamous central-banker Mayer Rothschild said: “Give me control of a nation's money and I care not who makes its laws."
AltonI am not as optimistic as you are with the regard to the upside of the things that happened to the dollar yesterday. I see the beginning of hyperinflation with our government's action to attempt to spend our way out of debt. This is not good news for us folks who live on fixed income.
Amazing isn't it, how it all boils down to money. The Euro concept has been around for about 10 years now. The bait and switch has been successful for the world powers. Offer lower wages for our products, start devaluation of the dollar, force companies to outsource their products. Devaluate the dollar more. I am almost ready to the get a bumper sticker that says let them walk, huddle closer for heat, and eat sand. Back to my 70's mentality.