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Author Topic: if you are old enough  (Read 717 times)

Offline kathyp

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if you are old enough
« on: March 26, 2009, 07:16:33 PM »
you'll remember that when the IMF started, people were complaining that this was going to lead to global redistribution of wealth.  a kind of global socialism.  well, it took a few decades, but it has arrived.

http://www.breitbart.com/article.php?id=CNG.18e9e5692442aa61d7510553b5ffc14e.8b1&show_article=1
One could not learn history from architecture any more than one could learn it from books. Statues, inscriptions, memorial stones, the names of streets ? anything that might throw light upon the past had been systematically altered. (1.8.85)

George Orwell  "1984"

Offline Keith13

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Re: if you are old enough
« Reply #1 on: March 27, 2009, 08:39:30 AM »
Is this not the Euro but on a world wide scale? Granted the euros are great for us pesky Americans traveling Europe we don't have to worry about all the different currencies and conversions. But I do believe they are in a recession as well right now. The only thing this would stimulate is the BFE countries of the world It would destroy the major players in the global markets again making the rich pay for the poor. Did I miss Obama and NP taking over the IMF as well? :roll:

Keith

Offline kathyp

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Re: if you are old enough
« Reply #2 on: March 27, 2009, 11:34:19 AM »
it's not as important which currency they  use, or if they  use multiple currency.  they used the dollar, not because of the strength of the US economy, but more because of the stability of our politics.  the strength of the dollar is a big +.  it's more about what they have been doing with the money and what they intend to do.  look toward the bottom of the article about policy toward developing countries.

 if they dump the dollar it's probably  not a good thing for us.  we would most likely see our dollar devalued even more. that would hurt investment, and might even cause dollar dumping.

now, if they go to a newly made international currency, that's a whole new can of worms.  i don't think that's exactly what they are talking about now, although i have heard it mentioned.  that would be the scary, one world stuff. what would back it?  how would you determine the value of a magically manufactured currency?

economics tangles my mind.  it's to mathy.
One could not learn history from architecture any more than one could learn it from books. Statues, inscriptions, memorial stones, the names of streets ? anything that might throw light upon the past had been systematically altered. (1.8.85)

George Orwell  "1984"

 

anything