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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (524004)	11/21/2012 11:49:17 PM
From: LindyBill	2 Recommendations Read Replies (2) \| Respond to of 793975

Do you have an alternate scenario for the future? Of course I do. I am a short term pessimist and a long term optimist. You want to stand on top of the mountain and shake your Shepard's crook at the masses below, while predicting doom. When someone like you hits the down part of the cycle you can look like you are right. In any case, no "black helicopter" type posts here, please.

To: Wayners who wrote (524004)	11/22/2012 4:01:41 AM
From: Maurice Winn	11 Recommendations Read Replies (3) \| Respond to of 793975

Wayne, there is an alternative [rather than alternate] to your idea. While there's a tendency to megalomania and Kumbaya Eurocrat Big Brother lifestyle, with Obama's latest win as more evidence of the trend among electorates, it's far from a done deal. Even in Europe, which is well down the track, the place is coming apart at the seams despite many people trying to lock the population up via the Brussels kleptocracy with Vivianne Reding, Neelie Kroes and Christine LaGarde feminizing hundreds of millions of people in one giant socialist empire. There is quite a psychology for such agglomeration, but there are countervailing pressures too, for people who prefer their own nationalistic norms. You referred just to money and the US$ in particular. <"We dare not become the central bank counterpart to Congress by adopting a Buzz Lightyear approach of 'To infinity and beyond!' by endlessly purchasing U.S. Treasuries and agency debt so as to encumber future generations of central bankers with Hobson's choices when it comes to undoing what seems contemporarily appropriate," Fisher said.> But that doesn't mean the USA gets sucked beyond the event horizon into some global financial relativity theory black hole. The more likely outcome, as usual, is the abrogation of debt. Those who loaned money will get back 1 in 10. Units of money will be divided by 10. Debts will largely be destroyed. When push comes to shove, Congress can simply say, "We the People, hereby, herewith and ipso facto, ultra vires, infra vide, caveat emptor, habeas corpus, carpe diem, inter alia do summarily and without further ado take possession of said Federal Reserve books and balances and do issue new currency "The Golden Eagle" at the ratio of 1 Golden Eagle to 10, no make that 20, of ye olde US$. At a stroke, the USA aka We the People takes over the Federal Reserve and the ability to self-issue money, and dilutes all debt by a factor of 10, or 20, or maybe 100. That is quite doable and likely. The globalized thing is not, even though Helen Clark, Vivianne Reding, Neelie Kroes, Christine Lagarde and Angela Merkel probably think it's a pretty good idea. Hey, wait a minute, those are all ladies. Now that DOES look like a conspiracy and we blokes are in the firing line. Mqurice