Thank you Voodoo economic ideologists who believe the mantra "deficits don't matter".

[bamacre]

Evan and his money printing machine read the OP and don't see any problems at all.

 

[First]

Originally posted by: bamacre

Originally posted by: Evan

Originally posted by: bamacre

Originally posted by: Evan
...but if our internal standards of living rise ...

:laugh:

How the hell is that supposed to happen?

Peter Schiff and Ron Paul were right, are right, and our solution should be what got us up on the pedestal in the first place. Freer markets, smaller government, and a dollar good as gold.

Dude, they've been proven wrong here like a dozen times and have been wrong for (in Paul's case) decades. Read up kiddo.

Oh, and linkage since you live on Lew Rockwell and YouTube:

http://www.youtube.com/watch?v=6epCVUppjJM
http://www.youtube.com/watch?v=AMe_7-hmHHY
http://www.youtube.com/watch?v=fCnzr566RR0
http://www.youtube.com/watch?v=xTljuxZYJ9I
http://www.youtube.com/watch?v=RgCq75g_M7Q
http://www.youtube.com/watch?v=NgK0vHZtwno

Keep dreaming, Evan.

We've been through this before. No sense in repeating.

You and LK can keep defending the same system that everyone here is watching crumble.

We haven't been through anything, you decided not to participate in the discussion: http://forums.anandtech.com/me...id=52&threadid=2246626

 

[First]

Originally posted by: bamacre
Evan and his money printing machine read the OP and don't see any problems at all.

Haha, and another wimp out.

 

[dmcowen674]

Originally posted by: Evan

Also, this article has absolutely nothing to do with deficits, FYI. Not sure where that came from.

It came from you and your buds selling out this country to the corporations.

 

[Steeplerot]

Maybe Bush can send Jeff Gannon over to the Saudi Royal Palace or something in a burka to negotiate for a handout.

 

[GeezerMan]

Originally posted by: TheRedUnderURBed
Maybe Bush can send Jeff Gannon over to the Saudi Royal Palace or something in a burka to negotiate for a handout.

I remember that Jeff Gannon story. Really odd stuff, with the pictures of Bush kissing his head. You can still see some on google. Very strange.

 

[Steeplerot]

Originally posted by: GeezerMan

Originally posted by: TheRedUnderURBed
Maybe Bush can send Jeff Gannon over to the Saudi Royal Palace or something in a burka to negotiate for a handout.

I remember that Jeff Gannon story. Really odd stuff, with the pictures of Bush kissing his head. You can still see some on google. Very strange.

it has been very odd presidency, I am glad it is almost over.

 

[wwswimming]

the US is way too close to having an un-attended Treasury auction, which is
related to defaulting on the debt.

i wish i could find a better source for this. it's from www.dailyreckoning.com and i can't find it on their website -
"From the day of its founding in 1913 to September 24, 2008 the Fed?s assets ? the aforementioned cornerstone capital for the US financial system ? grew to $1 trillion. By November 14, 2008 the amount had grown to over $2 trillion. And in a speech in Texas, the head of the Dallas branch of the Fed said he expected the total to reach $3 trillion by year-end. www.dailyreckoning.com"

it might be possible to access the Fed's database, e.g.
http://alfred.stlouisfed.org/category?cid=123

i would like to find the statistics page that corroborates the statement from
Daily Reckoning.

regardless, we are living in too-interesting times.

 

[LegendKiller]

Originally posted by: Evan

Originally posted by: bamacre
Evan and his money printing machine read the OP and don't see any problems at all.

Haha, and another wimp out.

Ohh, he does that all of the time here.

Same joke by RPBs.

 

[LegendKiller]

Originally posted by: bamacre

Keep dreaming, Evan.

We've been through this before. No sense in repeating.

You and LK can keep defending the same system that everyone here is watching crumble.

We defend it because we realize that we'd be in a worse position, economically, politically, and socially, if we didn't have the Fed.

 

[Polish3d]

Originally posted by: Evan
Our relative strength compared to other countries may decline, but if our internal standards of living rise there is absolutely nothing wrong with a stronger global marketplace. A stronger global marketplace is a way of strengthening every country that plays ball economically, even if relative growth isn't as monstrous as it used to be. The relative strength of other currencies will help our exporting and incentivize domestic innovation as well, which is always a good thing. We are well positioned as a service economy and our labor is by far the most highly paid and sought after, though the growing gap in science and mathematics knowledge with other countries is a troubling trend.

Also, this article has absolutely nothing to do with deficits, FYI. Not sure where that came from.

Exactly.


Multi-polar international systems supposedly are the most UNSTABLE and that combined with the idea of increasingly scarce resources is troublesome, but beyond that, it will be good for those people if their countries can become more prosperous

 

[Ozoned]

Originally posted by: Specop 007
All of that of course is relying on unfettered access to minerals and resources. Assuming Peak Oil is indeed real (or for that matter any other non renewable resource) then any economic growth will be tethered to resource availability. If said resource is in short supply, or if supply cannot scale to demand then there will be no "rise to power" for anyone.

Where does that leave the US, since we do have enough, non traditional, energy reserves to last another 200 years, or maybe longer?