Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Real Man who wrote (24226)	11/13/2009 11:17:14 AM
From: re3	Read Replies (1) \| Respond to of 71463

never mind all that, get your averaging down order in on the drooPster -g-

To: Real Man who wrote (24226)	11/13/2009 1:08:19 PM
From: Nevada9999	2 Recommendations Respond to of 71463

Regarding the demise of the $US, I can't decide whether your comparison to the USSR or Gregors' comparison to the collapse of British Sterling is more relevant. Very important stuff and I'm sure both are relevant. Many thanks to both of you for posting.

To: Real Man who wrote (24226)	11/13/2009 2:48:19 PM
From: ggersh	Read Replies (1) \| Respond to of 71463

Vi, as you compare U.S.to Russia, I don't recall Russian Stock Market going ballistic. Did it happen? And if not, why here? Carry trade isn't meant to buy asset in same currency. Or am I missing something? TIA

To: Real Man who wrote (24226)	11/14/2009 8:25:58 AM
From: Metacomet	9 Recommendations Read Replies (2) \| Respond to of 71463

"The key reason is that US is no longer a capitalist society, it is a corporate welfare command economy, which results in great misallocation of capital..." Good observation. The question is what were the triggering events for the abdication of responsible governance of the economy, and who were the beneficiaries. I'll posit that the wheels started coming off the "Great Experiment" when corporate greed was permitted to start controlling the country, essentially the move toward a fascist state, which is pretty much fait accompli at this point. The first serious blow was the 1886 Supreme Court ruling which has since been used to allow corporations rights similar to individual citizens, and as such, was the enabler for massive infusion of corporate resources into the political arena. Essentially the process which has paved the way for the sale of our institutions to the highest bidders, which of course are the massively funded corporations. en.wikipedia.org It is likely that this power has found voice in the promulgation of the subsequent changes that have resulted in the ascendancy of the corporate welfare system with the corresponding decline of the rights and well being of ordinary citizens. Although there is little to differentiate the behaviors of the two political parties as they belly up to the trough to partake of corporate favors in their quest to retain political power, there are some acts that have been particularly egregious in their damaging of the nation in the quest to reward corporations at any cost. Foremost among these have been the creation of the Federal Reserve in 1913, which was later commented on by the enabling President, as follows: "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men." ~ Woodrow Wilson It can also be argued that the single most destructive action leading to the current situation was the act that repealed the constraints enacted after the Great Depression in the, Glass/Steagall act. en.wikipedia.org Our undying gratitude for the situation we find ourselves in should be reserved for the whores who brought us the Gramm/Leach/Bliley Act. Basically a wholesale repeal of any constraints on the financial institutions that have dominated the country since the Fed was created. en.wikipedia.org Since it is not possible to achieve any control on corporate objectives in this environment, I fear we are doomed to being milked for the various bottom lines in perpetuity, with the interests of individuals always secondary to corporate goals, which of course is institutionalized greed. Only way out is wholesale replacement of the Congress and the Congressional Seniority System...and that will have to be thru term limits.