Re: Beginning of a larger slide in the USD?

Postby eeuunikkeiexpat » Sun Feb 22, 2009 1:58 am

Yes, indeed. He definitely had an impact on me. The fact I remember the stuff from his classes more than 20 years later is more than enough proof.

Another influential prof was in a class in philosophy (which I embarrassingly admit I withdrew from via his reputation of difficulty) who quoted (bringing this back onto the topic's thread):

"Forever and ever and ever, this too shall pass" . . . .

So yes, life will go on no matter what happens to civilization as we know it in this Second Great Worldwide Depression. And I do have great hope that a New Dark Age will be avoided because of present day technology.

We shall see ...

Noches <hic> :drunk:
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Re: Beginning of a larger slide in the USD?

Postby vanman » Sun Feb 22, 2009 3:22 am

There was a Democrat congressman who said publicly last week that the TARP money Paulsen requested was due to a run on the banks of over 500 billion dollars in about a hour. The brakes were put on the run, otherwise they believed over 2 trillion would have been taken out, causing a collapse. I saw his statement, don't remember his name. Stated that "outside forces" were trying to manipulate the markets. I have no idea how true this is, but there's serious fearmongering going on. It's coming out that many billions of the stimulus pkg are just payback to groups that supported Obama. And that the millions of jobs it's supposed to create might be closer to hundreds of thousands, if that much. I don't know what's worse, Republicans who let Capitalists run wild, or Democrats who let Socialists run wild. I'm probably watching the death of my future pension due to inflation, can only hope they figure how to save Social Security. Saw a chart the comedian Bill Maher put up on his show last year that showed income growth from 2002-2007 if I remember right. Of more than 800 billion in income growth the top 1% got 3/4ths of it. The top 10% got 90%. The rest of us got shafted.
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Re: Beginning of a larger slide in the USD?

Postby admin » Mon Feb 23, 2009 9:19 pm

Thought I would start another thread for this one, as it is big big news.

Chile is going to sell $4 billion U.S. in dollars starting Monday. New thread here about it:

topic2453.html
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