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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (7386)5/17/2008 9:51:58 AM
From: dybdahl  Read Replies (1) | Respond to of 71475
 
Your extrapolating of historic numbers into the future, assuming that the votes will not notice, seems like an unrealistic scenario to me. A continuously falling dollar, or very serious inflation would definitely make enough voters angry enough to push the real knowledge onto the front page, making people realize what's going on.

Sweden had a lot of mismanagement, too. An economical guy was hired as finance minister, and he said many good things, including the quote below. Sweden works differently than USA, it's smaller and more government controlled, but I guess the point is the same - don't build up welfare using borrowed money, it will cost you your freedom:

"When I said that we could consider that welfare was secured, it was in the sense that we are now making us independent of foreign lenders. When I said that welfare was secured, I mean that you can not build pension, education, medical care and social services on borrowed money. When I talk about freedom, I know that for many ordinary people in our country, personal freedom requires the health care to work, that the elderly care works, that the school gives the children a good education and that child care gives a good education in the early stage of life. All of those are freedom to the vast majority of Swedes. The public sector has enabled us to expand this freedom. But this system requires, that we protect the source of the money that finances all this."

The Parliamentary party leader debate, the Swedish Parliament, protocol 1996-97:12, speech 43, 9 October 1996.