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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (103340)10/21/2011 6:25:39 PM
From: Road Walker  Read Replies (2) | Respond to of 149317
 
I get it. Yes wealth fluctuates between countries as it always has and always will. It's the relative value of resources, physical and intellectual.

But that's not my point. Will revisit later. Going to a party.

And... This is a great day. The troops will ALL be home from Iraq for Christmas. There should be parades in the streets. This is the best news I've heard in 9 years.

God bless. And I'm agnostic. Wonderful. I feel like I've got a bit of my country back.

Cheers.



To: RetiredNow who wrote (103340)10/24/2011 1:48:56 PM
From: John Vosilla  Read Replies (1) | Respond to of 149317
 
'For example, since Nixon, the value of the dollar has declined by 98%'

I wonder if the debasement in the dollar was greatest in annual percentage terms under Reagan 1980's , GWB 2000's or the staflationary 1970's trifecta of presidents of both parties? The Clinton years had the least decline but think Reagan was a distant second?

Of course Paul wants to end all wars and gut the military which is perhaps the biggest reason of all for dollar depreciation?



To: RetiredNow who wrote (103340)10/24/2011 2:03:40 PM
From: Road Walker  Read Replies (1) | Respond to of 149317
 
For example, since Nixon, the value of the dollar has declined by 98%.

Against what? Indexed for inflation?

They need to balance their budget and stop stealing through currency debasement and other means.

They're not stealing. In order to steal the government would have to be getting richer, and that certainly isn't happening. Everything that goes in, and more, goes out.

Listen I was a deficit hawk before it was cool to be a deficit hawk. But it's a weakness of political will, on both the revenue and spending side that is causing the problem. Not the Fed or the various conspiracy stuff.