TPS Posted August 30, 2005 Share Posted August 30, 2005 Collapse of the dollar? Link to comment Share on other sites More sharing options...
UConn James Posted August 30, 2005 Share Posted August 30, 2005 What would be the ramifications of this? We will be less able to buy products from other countries, we'll have to produce more things here in the US (production of tangible goods is something I feel we should do more of, b/c as a people we are losing our sense of purpose in a service/pampering-driven economy), bartering might get back in style, more localized economies.... Five years ago in an econ class I predicted this would happen. I'm no worldbeater in econ tho. Anyone who can chime in? I don't get the financial services and people who erupt into absolute panic over infectious paranoia and the smallest things (e.g. what happened when the S. Korean manager uttered "diversification" during lunch). It's a big part why I want nothing to do with the stock market, etc. I don't get what can suddenly make a dollar worth less in a matter of minutes b/c someone isn't as "confident" anymore. I also don't get what happens to the dollar you invested before everyone's confidence suddenly dropped (we need to send them to that kindergarten class that uses the purple pens for grading, I guess) --- did it evaporate or disappear? Or is it fancy, legal theft? Link to comment Share on other sites More sharing options...
Chef Jim Posted August 30, 2005 Share Posted August 30, 2005 It's a big part why I want nothing to do with the stock market, etc. 423230[/snapback] Good luck stashing money away for your retirement in the bank. Link to comment Share on other sites More sharing options...
UConn James Posted August 30, 2005 Share Posted August 30, 2005 Good luck stashing money away for your retirement in the bank. 423246[/snapback] Better than people I know who've lost $300 in the past 6 months in their so-called safe John Hancock mutual funds. Right now, I'm building up a fallback fund. Then I think I'll start burying my surplus in the backyard; it'll be safer. I also honestly don't plan on living to retirement age. Link to comment Share on other sites More sharing options...
philburger1 Posted August 30, 2005 Share Posted August 30, 2005 Collapse of the dollar? 423073[/snapback] Seems to me the author has an axe to grind against America. Using buzz words like "America's global hegemony" and getting quotes from Soros, the left-wing windbag. When he ends the story with: "How's the US going to look as a global power when the dollar is at 50 per cent of its current value?", I have news for him. If we go down hard, the whole world is coming with. He makes the point that China will be a stronger economy, but who are they going to sell their junk to if we collapse? Sudan? Link to comment Share on other sites More sharing options...
Crap Throwing Monkey Posted August 30, 2005 Share Posted August 30, 2005 What would be the ramifications of this? We will be less able to buy products from other countries, we'll have to produce more things here in the US (production of tangible goods is something I feel we should do more of, b/c as a people we are losing our sense of purpose in a service/pampering-driven economy), bartering might get back in style, more localized economies.... Five years ago in an econ class I predicted this would happen. I'm no worldbeater in econ tho. Anyone who can chime in? I don't get the financial services and people who erupt into absolute panic over infectious paranoia and the smallest things (e.g. what happened when the S. Korean manager uttered "diversification" during lunch). It's a big part why I want nothing to do with the stock market, etc. I don't get what can suddenly make a dollar worth less in a matter of minutes b/c someone isn't as "confident" anymore. I also don't get what happens to the dollar you invested before everyone's confidence suddenly dropped (we need to send them to that kindergarten class that uses the purple pens for grading, I guess) --- did it evaporate or disappear? Or is it fancy, legal theft? 423230[/snapback] "Holding dollars" is equivalent to "holding US Treasury Notes/Bonds/Bills". Interest rates on US government debt would go up, the government would have to find other ways of financing itself (raise taxes), or cut spending (lower consumption), either of which creates a drag on the economy - and a serious one, if there's a real run on the dollar. And anyone who doesn't get out early is going to get raped by a collapsing market - lots of entities keep cash stashed away in Treasuries, since they're stable and liquid. Lots of those entities, if the dollar collapses, are basically going to hemmorhage cash and go under (i.e. bankruptcy). Countries that peg their currency to the dollar (of which there are quite a few) are going to get destroyed. Basically, total economic collapse. The world runs on US dollars and debt (the US debt market was the largest investment market in the world a few years back; it probably still is). Link to comment Share on other sites More sharing options...
Crap Throwing Monkey Posted August 30, 2005 Share Posted August 30, 2005 He makes the point that China will be a stronger economy, but who are they going to sell their junk to if we collapse? Sudan? 423257[/snapback] Which is transparently stupid. With the possible exception of Japan (I don't remember exactly), China is the biggest foreign holder of US debt in the world. If the dollar collapses to half its former value, that devalues a huge chunk of China's currency reserves, and ultimately devalues their currency as well. They wouldn't suffer as much as we would...but "stronger" is a misuse of the word. "Not quite as weakened as us" would be more accurate. Link to comment Share on other sites More sharing options...
philburger1 Posted August 30, 2005 Share Posted August 30, 2005 Which is transparently stupid. With the possible exception of Japan (I don't remember exactly), China is the biggest foreign holder of US debt in the world. If the dollar collapses to half its former value, that devalues a huge chunk of China's currency reserves, and ultimately devalues their currency as well. They wouldn't suffer as much as we would...but "stronger" is a misuse of the word. "Not quite as weakened as us" would be more accurate. 423264[/snapback] Right, if the US goes down the tubes, there will be no "Safe Haven". The only thing that would keep it value would be gold. If, and that is a big if, it happens, it would suck real bad for awhile I'm sure. But it might also give a chance to start over, and create a "New, New Deal". One that would be so dependant on middle east oil (something liberals and conservitives can agree on), and may be fiannly stop the illegal invasion that will turn America in a western version of the Balkins. Link to comment Share on other sites More sharing options...
Ghost of BiB Posted August 31, 2005 Share Posted August 31, 2005 Right, if the US goes down the tubes, there will be no "Safe Haven". The only thing that would keep it value would be gold.If, and that is a big if, it happens, it would suck real bad for awhile I'm sure. But it might also give a chance to start over, and create a "New, New Deal". One that would be so dependant on middle east oil (something liberals and conservitives can agree on), and may be fiannly stop the illegal invasion that will turn America in a western version of the Balkins. 423298[/snapback] I was falling asleep to a gold show the other night. Why IS gold the standard? What is the value besides tradition? Link to comment Share on other sites More sharing options...
Crap Throwing Monkey Posted August 31, 2005 Share Posted August 31, 2005 I was falling asleep to a gold show the other night. Why IS gold the standard? What is the value besides tradition? 423331[/snapback] Rarity. Aside from looking pretty, gold's a pretty important industrial metal with interesting physical properties (like you can pound a sheet so thin it becomes transparent.) But mostly, because it's pretty and traditional. Link to comment Share on other sites More sharing options...
/dev/null Posted August 31, 2005 Share Posted August 31, 2005 I was falling asleep to a gold show the other night. 423331[/snapback] Opted for the fully functional James T Kirk Man Shaped Pillow? Link to comment Share on other sites More sharing options...
Ghost of BiB Posted August 31, 2005 Share Posted August 31, 2005 Opted for the fully functional James T Kirk Man Shaped Pillow? 423420[/snapback] Yeoman Janice Rand. With her hair down. Link to comment Share on other sites More sharing options...
Crap Throwing Monkey Posted August 31, 2005 Share Posted August 31, 2005 Opted for the fully functional James T Kirk Man Shaped Pillow? 423420[/snapback] Just like the one Picard has? Link to comment Share on other sites More sharing options...
Chef Jim Posted August 31, 2005 Share Posted August 31, 2005 Better than people I know who've lost $300 in the past 6 months in their so-called safe John Hancock mutual funds. Right now, I'm building up a fallback fund. Then I think I'll start burying my surplus in the backyard; it'll be safer. I also honestly don't plan on living to retirement age. 423256[/snapback] Great job of planning. And what's your plan if you do live to retirement age? Blow your brains out? So they lost $300, doesn't tell me much seeing as you don't say what the investment amout was. The real question is how much $$ did they make in their "safe" MFs in 2003-2004? Link to comment Share on other sites More sharing options...
/dev/null Posted August 31, 2005 Share Posted August 31, 2005 Just like the one Picard has? 423425[/snapback] waaaaah, i know you are but what am i? takes one to know one! you disappoint me i know you can do better than that Link to comment Share on other sites More sharing options...
Crap Throwing Monkey Posted August 31, 2005 Share Posted August 31, 2005 waaaaah, i know you are but what am i?takes one to know one! you disappoint me i know you can do better than that 423499[/snapback] I could if I cared. Christopher Pike fan, remember? Link to comment Share on other sites More sharing options...
Ghost of BiB Posted August 31, 2005 Share Posted August 31, 2005 I could if I cared. Christopher Pike fan, remember? 423507[/snapback] He's off looking up Rand. Piccard never had a body like that on the bridge. Link to comment Share on other sites More sharing options...
Crap Throwing Monkey Posted August 31, 2005 Share Posted August 31, 2005 He's off looking up Rand. Piccard never had a body like that on the bridge. 423511[/snapback] Troi wasn't bad from the neck down. And Tasha Yar was tasty, if a little unstable. Link to comment Share on other sites More sharing options...
/dev/null Posted August 31, 2005 Share Posted August 31, 2005 And Tasha Yar was tasty, if a little unstable. 423515[/snapback] sounds like a few /dev/null ex's and as far as Yeoman Rand, i just have a difficult time getting off on some chick old enough to be my grandmother Link to comment Share on other sites More sharing options...
Ghost of BiB Posted August 31, 2005 Share Posted August 31, 2005 sounds like a few /dev/null ex's and as far as Yeoman Rand, i just have a difficult time getting off on some chick old enough to be my grandmother 423518[/snapback] We're talking at the time. Idiot. Link to comment Share on other sites More sharing options...
/dev/null Posted August 31, 2005 Share Posted August 31, 2005 We're talking at the time. Idiot. 423529[/snapback] maybe its just i don't dig the whole 60s look with the Beehives and Technicolor clothes Link to comment Share on other sites More sharing options...
Ghost of BiB Posted August 31, 2005 Share Posted August 31, 2005 maybe its just i don't dig the whole 60s look with the Beehives and Technicolor clothes 423543[/snapback] You ever notice the legs and breasts? Oh, that's right...they either have to be whoopie or robotic for Picard to have a shot. Link to comment Share on other sites More sharing options...
GG Posted August 31, 2005 Share Posted August 31, 2005 Rarity. Aside from looking pretty, gold's a pretty important industrial metal with interesting physical properties (like you can pound a sheet so thin it becomes transparent.) But mostly, because it's pretty and traditional. 423348[/snapback] And because of that, it's a universal commodity that is the benchmark. It could easily be liquidated in virtually any market to gauge a value of your holdings. It's hard to find another commodity that is so universal in its value spread, except maybe oil, but the last thing you'd want to do is to set an oil standard Link to comment Share on other sites More sharing options...
Tux of Borg Posted August 31, 2005 Share Posted August 31, 2005 Yeoman Janice Rand. With her hair down. 423424[/snapback] She's no Jadzia Dax. Link to comment Share on other sites More sharing options...
Fan in Chicago Posted August 31, 2005 Share Posted August 31, 2005 Seems to me the author has an axe to grind against America. Using buzz words like "America's global hegemony" and getting quotes from Soros, the left-wing windbag. When he ends the story with: "How's the US going to look as a global power when the dollar is at 50 per cent of its current value?", I have news for him. If we go down hard, the whole world is coming with. He makes the point that China will be a stronger economy, but who are they going to sell their junk to if we collapse? Sudan? 423257[/snapback] Agree. Also, the entire article talks about what would happen if the US dollar were to collapse. I see little discussion about why that might happen. I can write an article about what might happen if there is a country-wide electricity failure in China for a month. Link to comment Share on other sites More sharing options...
/dev/null Posted August 31, 2005 Share Posted August 31, 2005 You ever notice the legs and breasts? 423560[/snapback] you mean the pointy 60s boobs? Link to comment Share on other sites More sharing options...
KRC Posted August 31, 2005 Share Posted August 31, 2005 you mean the pointy 60s boobs? 424567[/snapback] What is wrong with pointy boobs? Link to comment Share on other sites More sharing options...
Pine Barrens Mafia Posted August 31, 2005 Share Posted August 31, 2005 What is wrong with pointy boobs? 424601[/snapback] A: Nothing Boobs are boobs, and boobs are wonderful. I bowl with a girl in my summer league who's got boobs enough for a busload. It's a wonderful wonderful thing, considering she usually wears those tight hollister t-shirts all the time. Link to comment Share on other sites More sharing options...
Ghost of BiB Posted August 31, 2005 Share Posted August 31, 2005 A: Nothing Boobs are boobs, and boobs are wonderful. I bowl with a girl in my summer league who's got boobs enough for a busload. It's a wonderful wonderful thing, considering she usually wears those tight hollister t-shirts all the time. 424649[/snapback] I don't bowl, but I can see the advantage of joining a league. All the snooty guys on TSW (and a Hobbit who shall remain nameless) were ga ga over some 15 year old that fell off the radar when her CNN-SI pictures went away daily. I'd be happier with a big ya ya trim butt that drank Bud at the bowling alley. Ken's above this, but there is a chance he'll "spring" some pointy breasts pics to prove a point. He is a sinister fellow. He's a politician. Link to comment Share on other sites More sharing options...
Chef Jim Posted August 31, 2005 Share Posted August 31, 2005 What is wrong with pointy boobs? 424601[/snapback] Your political career is now doomed. Link to comment Share on other sites More sharing options...
Ghost of BiB Posted August 31, 2005 Share Posted August 31, 2005 Your political career is now doomed. 424704[/snapback] Depends on who he throws in with. Link to comment Share on other sites More sharing options...
VABills Posted August 31, 2005 Share Posted August 31, 2005 I don't bowl, but I can see the advantage of joining a league. All the snooty guys on TSW (and a Hobbit who shall remain nameless) were ga ga over some 15 year old that fell off the radar when her CNN-SI pictures went away daily. I'd be happier with a big ya ya trim butt that drank Bud at the bowling alley. Ken's above this, but there is a chance he'll "spring" some pointy breasts pics to prove a point. He is a sinister fellow. He's a politician. 424698[/snapback] Not sure who a hobbit is, and yeah fawning over 15 year olds is so Travis Henry like. Now, the Sharipova (sp??) now that she is 18, is hot. Link to comment Share on other sites More sharing options...
Ghost of BiB Posted August 31, 2005 Share Posted August 31, 2005 Not sure who a hobbit is, and yeah fawning over 15 year olds is so Travis Henry like. Now, the Sharipova (sp??) now that she is 18, is hot. 424725[/snapback] Not sure? Darin told me (while drunk) you have hairy feet. I know he didn't mean that to slip by, but he's dreamy. And, you were trying to distract us with your carefully worded (not spelled) golf talk. 2 + 2 together makes 22. Some of us know. Link to comment Share on other sites More sharing options...
/dev/null Posted August 31, 2005 Share Posted August 31, 2005 Now, the Sharipova (sp??) now that she is 18, is hot. 424725[/snapback] Maria > Yeoman Rand http://www.mariaworld.net Link to comment Share on other sites More sharing options...
VABills Posted August 31, 2005 Share Posted August 31, 2005 Maria > Yeoman Rand http://www.mariaworld.net 424771[/snapback] Don't go oogling my girlfriend now. Link to comment Share on other sites More sharing options...
/dev/null Posted August 31, 2005 Share Posted August 31, 2005 Don't go oogling my girlfriend now. 424798[/snapback] oh hell no, she's mine! Link to comment Share on other sites More sharing options...
Tux of Borg Posted September 1, 2005 Share Posted September 1, 2005 She looks like she's 12 years old. Where are her boobs? Nikki Zeno > Maria > Yeoman Rand Link to comment Share on other sites More sharing options...
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