Path: news.ccsf.jp!tomockey.ddo.jp!border1.nntp.dca.giganews.com!nntp.giganews.com!nx02.iad01.newshosting.com!newshosting.com!post02.iad!news.shared-secrets.com!not-for-mail Date: Wed, 21 Oct 2009 15:48:23 +0900 From: CL User-Agent: Mozilla/5.0 (X11; U; Linux x86_64; en-US; rv:1.8.1.23) Gecko/20090817 Thunderbird/2.0.0.23 Mnenhy/0.7.6.666 MIME-Version: 1.0 Newsgroups: fj.life.in-japan Subject: Re: Something to laugh over while waiting for the USD$ to tank. References: <4adb1827$0$5919$8f2e0ebb@news.shared-secrets.com> <0c143e32-4bb6-4a08-9d6b-295db35b166e@x5g2000prf.googlegroups.com> In-Reply-To: <0c143e32-4bb6-4a08-9d6b-295db35b166e@x5g2000prf.googlegroups.com> Content-Type: text/plain; charset=ISO-8859-1; format=flowed Content-Transfer-Encoding: 7bit Lines: 36 Message-ID: <4adeaec5$0$32484$8f2e0ebb@news.shared-secrets.com> Organization: Unknown X-Complaints-To: abuse@shared-secrets.com Xref: news.ccsf.jp fj.life.in-japan:168686 Declan Murphy wrote: > On Oct 18, 10:28 pm, CL wrote: >> Declan Murphy wrote: >>> You say you pissed away your Manifest Destiny? Yes, yes, I understand. >>> http://www.mcsweeneys.net/2009/9/25hahn.html >>> Ouch. >> That's, like, *SO* Bush Administration ... > > Wishful thinking Charlie. Since Bomama was elected (thankfully), is > Merika some less "obsessed with breasts. No breast is too massive, too > bouncy, too tan, too exposed"? methinks not. So, my being a leg and ass aficionado makes me unAmerican? I wonder how "Walk over hear, dear, I'm feeling rebellious ..." would go over ... > I just think its too late. The (fortunately USD$ denominated) debt > will be repayable, but only by monetary financing, which will > necessitate a lower UDS$/rest-of-world exchange rate than would > otherwise be the case. Bretton-Woods is dead. "G20 stuff" is a > temporary thang, and we will have 3 or maybe 4 currencies acting > (simultaneously) as reserve currencies during the next 10-25 years or > so. By that stage the US will probably represent about 20-21% of world > PPP based GNP. I found the following interesting: http://news.bbc.co.uk/2/hi/business/8317200.stm Suddenly, the solutions that worked in 1933 are back in vogue. The same policies would go a long way to shoring up the dollar if practiced in the US, too. Would probably make it easier for institutions to pay off their credits to the taxpayers. I still say that a business school degree should be a hanging offense, though. -- CL