Text 4216, 103 rader
Skriven 2010-01-31 16:24:28 av Roy Witt (1:387/22)
   Kommentar till text 4078 av Michiel van der Vlist (2:280/5555)
Ärende: Fox stoops even lower
=============================
30 Jan 10 16:11, Michiel van der Vlist wrote to Bob Ackley:

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

 MvdV> Perhaps? But how far would that get you? The gold mines have run
 MvdV> dry

Gold is brought from the mines everyday.

 MvdV> and the buffer at Fort Knox is not infinite.

A lot of the gold at FK is not ours. Many countries keep their bullion
there for safe keeping. Isreal, for instance.

 MvdV> Not to mention that the price of gold may plummet when the USA
 MvdV> starts paying its debt in gold.

I wouldn't speculate in the gold market if I were you. You're not very
good at it.

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

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

Oh? We did without the rest of the world for nearly 150 years and didn't
suffer anything such thing. It was when we were drawn into the wars and
woes of Europe that we suffered with 'the rest of the world'.

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

How can there be inflation when we're isolated from 'the rest of the
world'?

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

 MvdV> Where are you going to get oil?

There's plenty of it around, all we have to do is convince the liberals
that we need to drill for it at home, rather than buy it from foreigners.

 MvdV> The texas oil wells are as good as dry.

Not. They're being used to store oil preserves.

 MvdV> You could never maintain the present level of economic activity
 MvdV> without importing oil.

We have yet to drill the oil that is off shore in the Gulf, the West Coast
and then, there's always Alaska.

 MvdV> You will be thrown back 100 years if you can not import oil.

Doubtful. The original plan was to buy the oil we use and preserve our
own plus any surplus from foreign oil, thus when the world oil supply goes
dry, we'll be the only country with oil.

 BA>> It occurs to me that reneging on those debts just might be the best
 BA>> thing that could happen to the US domestic industrial base.

 MvdV> How? If you have no oil?

 MvdV> What other than military might do you have to sell to pay for the
 MvdV> oil?

We won't need to buy oil, we have our own.

But, if need be we could sell food, rather than give it away. Between the
mountain ranges of the east and west coasts, there are the plains, about
the size of Europe the continent, where soil so rich that it will grow
anything. Where people are starving in some countries today, America is
using corn to make motor fuel. We sell wheat to the Russians. Even during
the drought and dust storms of the 1930s, America was feeding the world.

 BA>> It might solve the illegal immigration problem, too, because those
 BA>> immigrants could no longer send money home to Mexico (which many of
 BA>> them do, there's quite a big business in money transfers to Mexico
 BA>> and points south and the tax people and other control freaks here
 BA>> are quite upset about it).

 MvdV> It would indeed probably solve the illegal immigration problem.

Actually, if the Federal Government, whose job it is to protect the
borders would do their job, there wouldn't be any illegal immigration.
That would open up about 12 million jobs for Americans to do.

 MvdV> Because nobody will *want* to come to the US any more. On the
 MvdV> contrary, people from the USA will go to Mexico because life is
 MvdV> better there.

Not on your life...if you were to travel to Mexico, you wouldn't believe
the squaler they live in...there's no place worse than Mexico and her
immediate southern neighbors in all of the Americas.

                R\%/itt

    You can put lipstick on a pig, but the pig still stinks!
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