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Post by rdywenur on Mar 9, 2008 6:47:45 GMT -7
I look at it this way. Would you like to live in a house with one window and only one view to see the world outside or would you like a house with windows in every room to look out of. Each with its own view and there fore more windows more light. If the light is too bright you can always pull down the shade. But outside the window is still the same universe yet different to all.
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nathanael
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: “Die Wahrheit macht frei und ist das Fundament der Einheit (John Paul II)
Posts: 636
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Post by nathanael on Mar 9, 2008 7:07:01 GMT -7
Rdywenur and Uncltim, I will try to be as deep as I can. It's not about me: I am not looking for anyone's sympathy! I am trying to raise the issue, and leave it open for discussion, so that we all together can awaken the conscience of America (especially in this election period). The issue is: America has a moral obligation to the Social Security recipients, to either stabilize the dollar, or to compensate them for the loses they are undergoing! It's as simple as this! This was the promise made to the American people by the Social Security Act! I am not saying too much. I am saying the decent minimum that every American citizen should demand! Let's float the issue around ... until someone listens!
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Post by rdywenur on Mar 9, 2008 7:49:08 GMT -7
Nathanael..the SSA was for retirement funds and was not supposed to be touched but it looks like everyone seemed they saw an opportunity to stick their hands into anothers pocket with more money. Now they are trying to fix it (which will probably never happen at least as it was originally set up for) The other is to change the mind set of the people that their retirement should be based on funds they saved not expecting governernment to take care of them in old age. People should teach their kids today to take care of themselves and from the day they are born is not too early.
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nathanael
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: “Die Wahrheit macht frei und ist das Fundament der Einheit (John Paul II)
Posts: 636
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Post by nathanael on Mar 9, 2008 8:45:33 GMT -7
I see the necessity of teaching kids to work hard, Rdywenur. But I see an even greater necessity to teach them human dignity and morality! Had yesterday's children been taught human dignity and morality, they would not have raided SSA when grown up! What is more, had they been taught to tell right from wrong, they would have readily understood my point that, raiding of SSA regardless, the Social Security is also being depleted by the falling dollar! Without the stabilization of the dollar saving Social Security makes no sense!
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Post by uncltim on Mar 9, 2008 17:58:34 GMT -7
The slumping dollar effects many people. retirees overseas are just one more example. I wish I had an answer to help those people without hurting others.
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Post by Jaga on Mar 9, 2008 22:15:15 GMT -7
This is a good joke about weak value of dollar:
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george
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Posts: 568
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Post by george on Mar 11, 2008 17:57:22 GMT -7
Can somebody PLEASE name one country in this world who will sacrifice one monetary system to protect others living in another country. Would Poland? Would Germany? How about France? To suggest this one would have to be horribly naive. OK, so America is greedy for looking out for the interests of its own citizens. Wow, how horrible. Of course, politicians of other countrys would NEVER do the same. Of course not. They have all the worlds peoples in mind when they make decisions. I have a idea. Lets raise our interest rates up real high. That way Americans will have a real hard time borrowing money. Of course that will reek havoc on our economy and folks will get layed off and such. But what the heck, this will raise the value of the American dollar and Polish citizens living in Poland and elsewhere will be able to make their buck stretch longer. Sounds fair to me!!!!! Ughh P.S Whats with this Warren Buffet bashing all about? Last i heard about Warren was he thought rich folks weren't taxed enough. Hardly greedy. Hey, maybe he can subsidize American citizens living in other countries to make their dollar stretch longer. Yeah, thats it
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Mary
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Posts: 934
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Post by Mary on Mar 11, 2008 18:28:09 GMT -7
George,
I'm glad you joined us. Nice to hear a voice of reason with a twist of wit!
Mary
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Post by Jaga on Mar 13, 2008 22:49:37 GMT -7
Dollar is losing value with every day. Here is the information about the possible dollar crash in Polish main newspaper (with pictures): gospodarka.gazeta.pl/gospodarka/1,49621,5018423.html Rekordowo mocne euro. Analitycy mówi¹ o "krachu dolara"
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Post by Jaga on Mar 13, 2008 22:52:54 GMT -7
Here is more:
Dollar's Clout Sinks Worldwide
SAO PAULO, Brazil (AP) — Antique store owners in lower Manhattan, ticket vendors at India's Taj Mahal and Brazilian business executives heading to China all have one thing in common these days: They don't want U.S. dollars.
Hit by a free fall with no end in sight, the once mighty U.S. dollar is no longer just crashing on currency markets and making life more expensive for American tourists and business people abroad; its clout is evaporating worldwide as foreign businesses and individuals turn to other currencies.
Experts say the bleak U.S. economic forecast means it will take years for the greenback to recover its value and prestige.
Negative dollar sentiment is growing in nations where the dollar was historically accepted as equal or better than local currency — and dollar aversion is even extending to some quarters in the United States.
...
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nathanael
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: “Die Wahrheit macht frei und ist das Fundament der Einheit (John Paul II)
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Post by nathanael on Mar 14, 2008 3:36:28 GMT -7
Jaga, the sad thing is that the Polish-Americans (not Poles!) leaving in Poland are now paying the price! Every country I know protects all of its citizens, wherever they live! Only the U.S. in the name of globalism, has chosen to sacrifice its own! Nothing in the Constitution says that Americans living abroad have lesser rights! This to me is not only an act of desperation: it's cowardess! A desperation I could understand!
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Post by uncltim on Mar 14, 2008 19:11:28 GMT -7
The question I have been asking myself of late is why? I first caught wind of the Iranian oil bourse a few years ago. If this is all true it certainly explains the motivations behind a lot of things. I look forward to your comments.
Would it be wise for europe to allow OPEC this kind of power over the EURO?
Tim. What if I told you that 10 months before 9/11, Saddam Hussein did something very big, and pissed off the US Administration? by Zorn
In November of 2000, Hussein switched to selling oil in Euros, when normally all OPEC nations sell their oil in US Dollars. Why?
As Ron Paul explains the US added a secret agreement to the overall OPEC Agreement where OPEC nations promised to sell oil in US dollars, and no other currency. This effectively backs the US dollar in oil, and all countries need US dollars in their reserves. This article explains why.
This is why some people call our currency The Petrodollar.
Show article… »
When Hussein started selling oil in Euros, it attacked the dollar’s dominance as the world currency. And of course, two other countries tried, or are trying, to follow suit. Venezuela tried in 2001, and within a year Chavez was almost removed in a military coup - in the Ron Paul speech I linked to above, he states it is widely rumored that our CIA was involved in that coup.
And now Iran is starting its own oil bourse (exchange).
Notice a trend here?
Luckily for Bush, 9/11 happened not long after Hussein started selling oil in Euros, otherwise we would not be in Iraq. Interestingly, all Iraqi reserves were quickly converted back to US dollars once we took over, and oil was once again sold in US dollars. Boy were we lucky we had an excuse to get our military into the Middle East. Whew.
To add some fuel to the fire, you have Peak Oil. The link goes to a US Department of Energy Report, called the Hirsch Report, that talks about the peaking of world oil supplies, and future ‘energy shortages.’ Oh, and US and UK oil companies are also going to reap profits from the sale of Iraqi oil. Like icing on the cake.
Luckily we are in Iraq, making permanent bases to ’spread Democracy’. It is also very fortunate that Global Warming became widely known about a year and a half after the Hirsch Report stated:
“Waiting until world oil production peaks before taking crash program action leaves the world with a significant liquid fuel deficit for more than two decades.
Most sources feel we either hit ‘peak’ in 2005, or will hit it by 2012. So fortunately Global Warming became an issue. How would the US Government explain to people why they had to save energy and drive more fuel efficient cars? What would happen if the morning news started with “we are headed for 20 years of energy shortages, the worlds oil is in decline!”.
Panic. People would at least go into Survival Mode™, not spending any more money than necessary… which would send our economy into a horrible spiral.
So here we are. Our military is smack dab in the middle of the remaining oil left in the world, people are working to ‘become energy independent’ and never think to ask why we didn’t need to be independent back when Saddam was killing the Kurds… and they don’t panic because luckily, we have another reason to use to explain to people why they need to cut back on energy usage and of course, why other countries should too. We are ensuring that the worlds oil is sold in dollars… except for those pesky Iranians, trying to set up their oil bourse. I wonder what will happen when Iran gets that set up?
Iran completes oil bourse, February 17th, 2008.
Oh yes, the next time you see tiny speedboats ‘menacing’ US warships, remember that The Gulf of Tonkin never happened. 50K Americans, and millions of Vietnamese died and years later it turns out there were not even any Vietnamese boats there at all on the second day… and on the first day, OUR soldiers shot at the Vietnamese - and they still did not fire back at us.
So ask yourself: do you think Bush would care about 3000 dead Americans, now that you see there are solid, very real motives for attacking Iraq?
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nathanael
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: “Die Wahrheit macht frei und ist das Fundament der Einheit (John Paul II)
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Post by nathanael on Mar 14, 2008 20:31:13 GMT -7
Economics is not my domain of expertise. The article may be politically trumped up. If it were true, it would be of concern. It would mean that the economic survival of America depends not only on dollar-paid petroleum, but on a petroleum reasonably priced in dollars! Let's analyze both scenarios. The first scenario is the current situation. For the moment, we see that OPEC is compensating for the weak dollar by raising price of a barrel. This balances off the situation, but it is a temporary fix. It makes little difference whether the barrel costs 120 dollars, or the equivalent in euro. It's still manageable. But let's look at the second scenario where only the euro nations will be able to afford oil (example: the European Union). This will happen when the oil goes above 140 dollars or so, which would be prohibitive for the U.S. economy calibrated for the dollar! It would break our economy instantly! The conclusion is twofold: either we prop up the dollar to a level acceptable to oil producing nations, or we will have to adopt the euro and recalibrate our economy in euro! But let's leave these questions to the experts.
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Post by uncltim on Mar 14, 2008 21:34:47 GMT -7
Well, I thought the article was interesting enough. Its just grist for the mill.
The truth is out there somewhere.
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nathanael
Cosmopolitan
: “Die Wahrheit macht frei und ist das Fundament der Einheit (John Paul II)
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Post by nathanael on Mar 16, 2008 12:20:09 GMT -7
There is one more scenario, of course, to help the dollar, and that is that we somehow end our dependence on gasoline/diesel powered cars. This should have been accomplished long ago, but it was not for one principal reason: the opposition of the CEO's (no one ever mentions this problem)! The CEO's of the automotive and oil exploration companies make money if they turn profit. Any retooling to electrical cars meant that they would be fired! Retooling would slow down the companies' profits, and switching to electric cars would cripple the oil industry! The CEO's dread that! This was why the electrical cars took so long to develop and the companies are still dragging their feet! I believe that electric batteries could be charged enough at high velocity with the air the cars displace, to drive indefinitely. But the automotive companies' CEO's never responded to my idea. This problem will never be resolved until the CEO's office is abolished by an executive order, altogether! Their opposition to change is the potential cause of many of the Nation's economic problems! When I was in Rio Gallegos, Argentina, in 1961, we also had the "CEO problem" ... until the government of Arturo Frondizi put a high ranking military officer in every CEO office! That ended the problem (notwithstanding that Arturo was ousted a year later). Nothing was approved until the military officer affixed his signature. The officer insured that only the right decisions were taken, good for the country, and the innovators' voice was always welcome (the notorious mistake Argentina made was that many military officers were dumb, but we don't have to duplicate Argentina's mistakes). Ending our dependency on oil will put us in much better position to compete with the oil-guzzling China, thereby restoring the dollar! To accomplish this, in the short run, we can revive the trams as alternative means of transportation, just like in Cracow! If it works in Poland, why not in the U.S.? Many people could be put to work building tramlines and tramcars!
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