Our Economy Sucks...
Senior Member
Joined: Jul 2003
Posts: 682
From: Delaware
[quote name='Sinful7' date='Mar 23 2005, 12:33 PM']We should consider selling old weapons to our enemies, then blow them up with our new weapons and go get the old ones back.. repeat.
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you sir are brilliant
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you sir are brilliant
Senior Member
Joined: May 2002
Posts: 22,465
From: California
[quote name='phinsup' date='Mar 23 2005, 10:34 AM']LOL the peso is starting to be stronger then the us dollar, the bank of mex even raised interest rates because their economy is so good.
That's it I am buying my boat.
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thats partly cause when the feds need more money, they just fire up the printing press....
That's it I am buying my boat.
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thats partly cause when the feds need more money, they just fire up the printing press....
Senior Member
Joined: Jul 2002
Posts: 2,467
From: Portland, OR
It used to be that we could only print as much money up equal to the value of gold stored in our nation's vault(s). When they threw that system out it was the beginning of the end imo, that allows the government to finance this country right into the toilet.
Senior Member
Joined: Jul 2002
Posts: 2,483
From: Fayetteville, Georgia
[quote name='89 Rag' date='Mar 23 2005, 10:38 PM']It used to be that we could only print as much money up equal to the value of gold stored in our nation's vault(s). When they threw that system out it was the beginning of the end imo, that allows the government to finance this country right into the toilet.
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Why did we abandon the gold standard?
I believe it had something to do with the Federal Reserve...the gold standard did not support having a Federal Reserve.
We needed something more prevalent than gold that could be monitored wrt supplies.
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Why did we abandon the gold standard?
I believe it had something to do with the Federal Reserve...the gold standard did not support having a Federal Reserve.
We needed something more prevalent than gold that could be monitored wrt supplies.
Senior Member
Joined: Jun 2002
Posts: 1,312
From: WA
Im leaving this ******* country and moving to spain for awhile. The euro is the new dollar. Not to mention I think its going to be pretty hard for our country not to go bankrupt, in the next 20 or 30 years. Hell.. even japan has shown interest in calling in our debts to them. In which case, would would be fucked. Either way, the US is gonna need a LOT of help to stay above water in the coming years.