Home |
Search |
Today's Posts |
|
Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
Reply |
|
LinkBack | Thread Tools | Display Modes |
|
#1
|
|||
|
|||
OT - NeoconNews
GOOD NEWS AT LAST !!!
The dollar is down 40% so far and another drop of 20% is soon expected as long as Asia & the EU keep supporting it. OTOH The first to bail out of the dollar wins. I doubt that anyone else will get 5 cents on the dollar later. Think of the prices on all those imported goods ..... oil/gasoline, coffee, many food items, anything at Walmart, ..... Naturally, in an environment of hyper-inflation all prices on US made goods must also rise. Except for wages ...... ALL HAIL THE DEFICTS & THE NEOCONS !!! (Not to mention the status of the most heavily armed nation in the world [spends more than all other nations combined] which is well known to be full of gullible fools lead by a pack of liars.) HTH -- Cliff |
#2
|
|||
|
|||
Cliff wrote: GOOD NEWS AT LAST !!! The dollar is down 40% so far and another drop of 20% is soon expected as long as Asia & the EU keep supporting it. OTOH The first to bail out of the dollar wins. Devaluation is a fact of life. Name a country where it hasn't been done before. |
#3
|
|||
|
|||
I can think of more countries where the currency has devalued. Germany after
WW1 comes to mind. Wonder if the primitive cultures had devaluation? "Yesterday the price was two banannas and an oog, but today it's gone up one bananna and two oogs". -- Christopher A. Young Learn more about Jesus www.lds.org www.mormons.com "bb" wrote in message ups.com... Devaluation is a fact of life. Name a country where it hasn't been done before. |
#4
|
|||
|
|||
On Sun, 06 Mar 2005 02:42:16 GMT, the renowned "Stormin Mormon"
wrote: I can think of more countries where the currency has devalued. Germany after WW1 comes to mind. Wonder if the primitive cultures had devaluation? "Yesterday the price was two banannas and an oog, but today it's gone up one bananna and two oogs". Banannas have intrinsic value (at least for a while). Dollars have little or no intrinsic value (perhaps as a fuel or recyling into packing material). |
#5
|
|||
|
|||
In misc.survivalism Spehro Pefhany wrote:
Banannas have intrinsic value (at least for a while). Dollars have little or no intrinsic value (perhaps as a fuel or recyling into packing material). But you know very well that such an attribute is irrelevant. -- In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. -- Dwight David Eisenhower |
#6
|
|||
|
|||
On Sun, 6 Mar 2005 13:32:48 +0000 (UTC), the renowned
wrote: In misc.survivalism Spehro Pefhany wrote: Banannas have intrinsic value (at least for a while). Dollars have little or no intrinsic value (perhaps as a fuel or recyling into packing material). But you know very well that such an attribute is irrelevant. Where does money come from, and why does it generally buy less every year? Best regards, Spehro Pefhany -- "it's the network..." "The Journey is the reward" Info for manufacturers: http://www.trexon.com Embedded software/hardware/analog Info for designers: http://www.speff.com |
#7
|
|||
|
|||
On Sun, 06 Mar 2005 02:42:16 GMT, "Stormin Mormon"
wrote: I can think of more countries where the currency has devalued. Germany after WW1 comes to mind. So bin Laden won? -- Cliff |
#8
|
|||
|
|||
I'd say so. We sure lost a LOT of freedoms. We're much closer to the
Binladen regine than the Bins are to our way of life. Just my opinion. Besides, which side is paying the other? I mean, don't the losers pay the winners? -- Christopher A. Young Learn more about Jesus www.lds.org www.mormons.com "Cliff" wrote in message ... On Sun, 06 Mar 2005 02:42:16 GMT, "Stormin Mormon" wrote: I can think of more countries where the currency has devalued. Germany after WW1 comes to mind. So bin Laden won? -- Cliff |
#9
|
|||
|
|||
Cliff wrote: On Sun, 06 Mar 2005 02:42:16 GMT, "Stormin Mormon" wrote: I can think of more countries where the currency has devalued. Germany after WW1 comes to mind. So bin Laden won? -- Cliff Yep. Bin beat Germany. He got the german contracts with Saddam turned off as part of the UN's "Oil for Vodka for the Republican Guard" deals. |
#10
|
|||
|
|||
On Sun, 06 Mar 2005 02:42:16 GMT, "Stormin Mormon"
wrote: Wonder if the primitive cultures had devaluation? "Yesterday the price was two banannas and an oog, but today it's gone up one bananna and two oogs". Have you seen their prices lately? Imported, right? BTW, As the dollar falls so does the value of everything you may own , such as homes, in real world terms. And your wages, naturally. So far, the neocons have probably wasted HALF of the net worth of the entire US when you think of it that way. More to come and not all of it has yet worked it's way thru the inventory to the consumer level. Fundies & neocons are here to save you ..... much more to come. Any wagers on the end point? Above or below 5 Clinton cents on the neocon dollar? -- Cliff |
#11
|
|||
|
|||
Cliff wrote in
: Wonder if the primitive cultures had devaluation? "Yesterday the price was two banannas and an oog, but today it's gone up one bananna and two oogs". Have you seen their prices lately? Imported, right? 29 cents/lb. at Aldi's. I'm wondering how do they ship them so cheap? Dan |
#12
|
|||
|
|||
Dan Murphy wrote: Cliff wrote in : Wonder if the primitive cultures had devaluation? "Yesterday the price was two banannas and an oog, but today it's gone up one bananna and two oogs". Have you seen their prices lately? Imported, right? 29 cents/lb. at Aldi's. I'm wondering how do they ship them so cheap? Dan Boats. Barges. Water transportation is the very cheapest of them all. Which is why Congress doesn't want to fund improving the lock and dams on the Mississippi River. If they did we just might be able to compete in a global market. |
#13
|
|||
|
|||
Stormin Mormon wrote: I can think of more countries where the currency has devalued. Germany after WW1 comes to mind. Korea, Japan, even the USA has had several overt devaluations. "Turn in your old money for this new money. Ten cents on the dollar. And the old money is no longer legal tender after tomorrow." Or the old "turn in your gold coins" scam. Or they just sneak it in via "inflation." Wonder if the primitive cultures had devaluation? "Yesterday the price was two banannas and an oog, but today it's gone up one bananna and two oogs". How much is that in seashells? Wonder how many seashells Warren Buffet is worth? Wonder if Warren is related to Jimmy? |
#14
|
|||
|
|||
On Sun, 06 Mar 2005 02:42:16 GMT, "Stormin Mormon"
wrote: I can think of more countries where the currency has devalued. Germany after WW1 comes to mind. It would be harder to find a country whose fiat currency has NOT declined in value. Wonder if the primitive cultures had devaluation? "Yesterday the price was two banannas and an oog, but today it's gone up one bananna and two oogs". Not likely. You see, first you'd have to have pieces of paper worth one banana (or oog) each which you could carry around instead of the actual bananas and oogs - lighter and easier to carry. Then you'd have to have the authorities declare that the paper would no longer be redeemable in bananas or oogs, and that people would still have to accept the pieces of paper in payment of debt as if they were still worth a banana or an oog. Then you'd have to have the authority print up a lot more of those pieces of paper. Presto - inflation. "Paper bananas" soon wouldn't be worth as much as real bananas, but people would trade in paper bananas - until, of course, the paper bananas weren't even worth the paper they were printed on. Then, if the authorities were still in power, they'd print up some new paper - perhaps the paper coconut. Those wouldn't be worth real coconuts, either, but the people would start over, hoping "this time, it will be different." But it won't be. -- Robert Sturgeon Summum ius summa inuria. http://www.vistech.net/users/rsturge/ |
#15
|
|||
|
|||
On Tue, 08 Mar 2005 07:20:13 -0800, Robert Sturgeon
wrote: Wonder if the primitive cultures had devaluation? "Yesterday the price was two banannas and an oog, but today it's gone up one bananna and two oogs". Not likely. You see, first you'd have to have pieces of paper worth one banana (or oog) each which you could carry around instead of the actual bananas and oogs - lighter and easier to carry. Money is just symbols for things like bananas and oogs. IF you have a banana surplus they get deflated but oogs may (or may not) be inflated. The bananas and oogs matter. Perhaps the *accounting* which converts bananas == oogs does as well. HTH -- Cliff |
Reply |
Thread Tools | Search this Thread |
Display Modes | |
|
|