tag:blogger.com,1999:blog-5031158403516294065.post1843540980622489397..comments2024-01-01T23:30:26.181-08:00Comments on DEMCAD's Corner: DEMCAD Report: U.S. Dollar on it's Death Bed?DEMCADhttp://www.blogger.com/profile/00682505975096231290noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5031158403516294065.post-77908990907074500702010-10-16T09:46:23.682-07:002010-10-16T09:46:23.682-07:00All over the world, governments have promised more...All over the world, governments have promised more than they can deliver and nobody in politics is willing to say that the promises made cannot be kept. Debt clocks all over the world are spinning out of control. The US would need a mortgage of 2.5% at 30 years to have any kind of hope of paying what it owes. The US would have to quit incurring any more debt. And BTW, is there anyone willing to lend that kind of money for that long at that interest rate? Yeah. <br /> <br />Banks all over the US are holding worthless debt that they cannot write off. If they realized the losses then they would have to declare insolvency. That was the reason for the move away from mark to market rules where assets are held on the books at the market value. <br /> <br />So what is the answer?<br /> <br />Print money. Debase the currency. Force a transfer of wealth from the creditors to the debtors. Do not acknowledge any inflation. In fact, emphasize that deflation has to be kept under control. No cost of living allowances are given. Give it an official technobabble name like, "Quantitative Easing". Continue with the fiction that the US is able to pay its debts and obligations. Then tell the public that it is being done to "save the economy". <br /> <br />Pick any commodity. Between August and September of 2010 there has been a 10 to 20% rise in price. Inflation is here and it will be around for a long time.EdR77203https://www.blogger.com/profile/06665780067578529248noreply@blogger.comtag:blogger.com,1999:blog-5031158403516294065.post-17996305559086014982010-10-15T16:09:36.596-07:002010-10-15T16:09:36.596-07:00No, it's the other way around. The military is...No, it's the other way around. The military is backed by the petrol dollar.DEMCADhttps://www.blogger.com/profile/00682505975096231290noreply@blogger.comtag:blogger.com,1999:blog-5031158403516294065.post-5468800966457514902010-10-15T13:29:57.993-07:002010-10-15T13:29:57.993-07:00The dollar is also backed up by the military.
htt...The dollar is also backed up by the military.<br /><br />http://conspiracylist.blogspot.com/simpletruths10https://www.blogger.com/profile/10865114302792613558noreply@blogger.comtag:blogger.com,1999:blog-5031158403516294065.post-34151559590550550262010-10-14T18:51:23.842-07:002010-10-14T18:51:23.842-07:00Because of the increase of the demands on oil and ...Because of the increase of the demands on oil and other necessities, the supplies decreases and the prices are getting higher. <a href="http://www.npsteam.com/products/SAGE_Fund_Accounting.htm" rel="nofollow">Accounting for non profit organization</a> in our town gives tips on how to make each centavo in your pocket counts.Verna Derosierhttps://www.blogger.com/profile/06451276051179176065noreply@blogger.com