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_SiN_
Megatron
Posts: 12108
Location: Cybertron
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 Posted: Fri, 25th Jan 2008 10:19 Post subject: |
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While Bush has a large effect on many of those things, they are not only, and solely his fault.
I am NOT a bush fan, but the Americans Elected him TWICE! they could have elected change, they chose not too.
I would think the americans did that to themselves.
Comparing what the economy is now compared to when Clinton was in the oval office is downright unfair. I liked Clinton as a president but he had the .com era that worked in his
favour as well.
Read not to contradict and confute, nor to believe and take for granted, but to weigh and consider.
To the world you may be one person, but to one person you may be the world.
In all your remembering, remember that you have choices
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| Posted: Fri, 25th Jan 2008 10:27 Post subject: |
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Who said the public is in control of the puppet that takes office? The entire election process, starting from the candidates to the clown that makes it into the white house is a TV show that the American audience eats up. Who knows how that shit really works.
Or who's behind it for that matter.
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| Posted: Fri, 25th Jan 2008 12:54 Post subject: |
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| KrAzY-KaMeL wrote: | Who said the public is in control of the puppet that takes office? The entire election process, starting from the candidates to the clown that makes it into the white house is a TV show that the American audience eats up. Who knows how that shit really works.
Or who's behind it for that matter. |
Probably manbearpig.
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SycoShaman
VIP Master Jedi
Posts: 24468
Location: Toronto, Canada
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| Posted: Fri, 25th Jan 2008 13:45 Post subject: |
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Ok, this may be a stupid question but I have to ask.
Lets use the US. They are in debt 9 trillion right? So why not make 9 trillion more dollars at the US Mint?
Ive never understood why countries cant do that. Just make more money if they are in debt.
Could someone explain why countries dont do this? I take it, it has something to do with the economy but i dont understand how.
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| Posted: Fri, 25th Jan 2008 14:14 Post subject: |
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The Weimar government attempted to pay off reparations by printing more money. It caused hyperinflation. Any increase in the money supply causes inflation, whether that's through lower interest rates (increasing money supply) or printing money. Basically you have nothing to back it up with (gold or government policies), so the extra money is worthless.
Last edited by RXP on Fri, 25th Jan 2008 14:16; edited 1 time in total
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PrideLess
Posts: 668
Location: 01 E4 2B 36 0E 1A EB 03 28 4C FF C7 11 A0 E7
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| Posted: Fri, 25th Jan 2008 14:15 Post subject: |
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That would drive into inflation .
Printing more money would make it less value.
Edit : I was late, and RXP explained it much clearer.
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SycoShaman
VIP Master Jedi
Posts: 24468
Location: Toronto, Canada
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| Posted: Fri, 25th Jan 2008 14:20 Post subject: |
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| RXP wrote: | | The Weimar government attempted to pay off reparations by printing more money. It caused hyperinflation. Any increase in the money supply causes inflation, whether that's through lower interest rates (increasing money supply) or printing money. Basically you have nothing to back it up with (gold or government policies), so the extra money is worthless. |
ah I get it now man
Thanks dude  |
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SycoShaman
VIP Master Jedi
Posts: 24468
Location: Toronto, Canada
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| Posted: Fri, 25th Jan 2008 15:49 Post subject: |
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| swingman wrote: | Actually a significant part of that debt is financed by the US actually printing more money or rather bonds and such to be more precise. Plus there is a huge amount of us currency in circulation in other countries. The fear among some economists is that due to the fall of the dollar against major currencies, it has become very unattractive to be holding dollars. If people start taking their money out of dollars en masse the exchange rate would plummet even further. But that's just a possible scenario.  |
Well, the Canadian Dollar is doing really well. trading at 99cents to the american dollar |
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nouseforaname
Über-VIP Member
Posts: 21306
Location: Toronto, Canada
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