<According to CB, war is boolish for economy, satellites can use wings, > Jay, you misrepresent CB's position. She sneered at my suggestion that Globalstar satellites use photovoltaic wings to maintain altitude. She thought they use little engines to stay up and that's why they need the fuel tanks. She didn't think they use wings.
<printing money is a fraud but must not be called such, even though it can only end up one way >
Jay, in an expanding global economy, with US$ maintaining market share, they can sensibly pixelate a LOT of money, which they have done, without causing inflation, thanks to China and India with 2 billion people coming on stream.
It's not surprising that they take the profits resulting from providing the world's pre-eminent financial system. I think the rest of us are stupid to fund the USA like that, but in the absence of the Q [I am thinking of renaming it the U, the Utopia] we are stuck with it [or some other fiat money]. Americans are enjoying vast profits of control. They can do a lot more too.
Of course, being a fiat currency, on the way down, eventually, inevitably, as the U takes over, [owned by all of us who hold any of it], the Americans at the time will be feeling very bleak indeed. Their US$ purchasing power will dwindle dramatically and they will look with envy at the industrious Chinese and Indians and their wealth.
Mqurice |
