Text 4086, 58 rader
Skriven 2010-01-30 11:49:00 av WAYNE CHIRNSIDE (1:123/140)
     Kommentar till en text av MICHIEL VAN DER VLIST
Ärende: Re: Fox stoops even lower
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-=> MICHIEL VAN DER VLIST wrote to BOB ACKLEY <=-

 MVV> Hello Bob,

 MVV> On Friday January 29 2010 07:20, you wrote to me:

 MVV>  MvdV>> Maybe some will still trade with the US, but they will no
 MVV>  MvdV>> longer accept Dolars as payment. They will demand payment
 MVV>  MvdV>> in Euro or Yen or Yuan...

 BA> More likely bullion, at least that's what I'd do.

 MVV> Perhaps? But how far would that get you? The gold mines have run dry
 MVV> and the buffer at Fort Knox is not infinite. Not to mention that the
 MVV> price of gold may plummet when the USA starts paying its debt in gold.

 BA> But that dollar would be perfectly valid *in this country* - which is
 BA> what most people here care about.

 MVV> I think you are making the mistake of thinking that the USA could
 MVV> maintain the same standard of living when it has to do without the rest
 MVV> of the world.

 MVV> You will face massive inflation and the US will become a third world
 MVV> country.

 BA> The fact that one couldn't purchase anything not made domestically
 BA> wouldn't matter - after a while.

 MVV> Where are you going to get oil?

 MVV> The texas oil wells are as good as dry. You could never maintain the
 MVV> present level of economic activity without importing oil. You will be
 MVV> thrown back 100 years if you can not import oil.

I agree with you on a great many things however this is not one of them.

When we are no longer able to import oil we'll be thrown _forward_ 100 years
of necessity.

Currently there is too much money to be had from oil both by the oil companies
and the military industrial complex due to foreign policy being dictated
by the need for that resource.

Far better alternatives exist but will not be commonplace until the oil is
taken
out of the equation by whatever means.

It ALL comes down to, follow the money.

Now with the U.S. Supreme Court having handed down the "Citizens United" ruling
our very government will be directed by corporate America in the USA :-(

I have a very bad feeling about this.

 
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