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U.S. dollar --What happens if Dollar is Replaced as world's currency ?
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<blockquote data-quote="wkmac" data-source="post: 816708" data-attributes="member: 2189"><p>As to the ever increasing prices, if you and/or I went out and run up large levels of debt, which makes the debt easier and of less impact, an economic picture where our salary/wages are decreasing or where our wages/salary are increasing? Obviously the increasing wage makes a larger debt an easier burden but as private individuals, the only way to increase wages are raises, better job or even multiple jobs. But let's say instead of a private individual, you and I are a gov't and over a long period of time that in truth stretches decades we've run up our debt as a gov't and also the ratio of taxes to increasing debt for the purpose of debt service was not maintained. How do we as a gov't get a raise? Raise taxes is often the first choice but what if doing this is political suicide, what then?</p><p> </p><p>In the answer lay the increase in the price of eggs, bread, milk, gas, etc. It's also a way to reinflate the values of real estate which was the commodity cover to pump debt into the economy for the purpose of war. Wars become easier on the public in the face of an economic boom, one where the public thinks all is well but the trick is for the boom to outlast the war. If it doesn't, the music stops and not enough chairs exist for everyone to keep their seat!</p><p> </p><p>There is an interesting 3 part YouTube video entitled "The American Power Structure Part 1" then 2 and then 3 uploaded by <span style="color: black">thefilmarchive</span>. The video are segments on power politics from the likes of Noam Chomsky, Ron Paul, G. William Domhoff but also former CIA agent John Stockwell as well as several media journalist and a few others. All offer opins on American Power and all come from different POV's but yet are remarkably saying very similar things. Why is it that we all tend to run our own financial houses a certain way or thus face extreme problems and for the most part it all seems rather clear cut to most people. But in gov't such common sense approaches seem alien, foreign and are never considered while most common sense folk scratch their heads in wonderment. Chomsky, Paul, Domhoff et al may have some food for thought as to why this seems to always be the case.</p></blockquote><p></p>
[QUOTE="wkmac, post: 816708, member: 2189"] As to the ever increasing prices, if you and/or I went out and run up large levels of debt, which makes the debt easier and of less impact, an economic picture where our salary/wages are decreasing or where our wages/salary are increasing? Obviously the increasing wage makes a larger debt an easier burden but as private individuals, the only way to increase wages are raises, better job or even multiple jobs. But let's say instead of a private individual, you and I are a gov't and over a long period of time that in truth stretches decades we've run up our debt as a gov't and also the ratio of taxes to increasing debt for the purpose of debt service was not maintained. How do we as a gov't get a raise? Raise taxes is often the first choice but what if doing this is political suicide, what then? In the answer lay the increase in the price of eggs, bread, milk, gas, etc. It's also a way to reinflate the values of real estate which was the commodity cover to pump debt into the economy for the purpose of war. Wars become easier on the public in the face of an economic boom, one where the public thinks all is well but the trick is for the boom to outlast the war. If it doesn't, the music stops and not enough chairs exist for everyone to keep their seat! There is an interesting 3 part YouTube video entitled "The American Power Structure Part 1" then 2 and then 3 uploaded by [COLOR=black]thefilmarchive[/COLOR]. The video are segments on power politics from the likes of Noam Chomsky, Ron Paul, G. William Domhoff but also former CIA agent John Stockwell as well as several media journalist and a few others. All offer opins on American Power and all come from different POV's but yet are remarkably saying very similar things. Why is it that we all tend to run our own financial houses a certain way or thus face extreme problems and for the most part it all seems rather clear cut to most people. But in gov't such common sense approaches seem alien, foreign and are never considered while most common sense folk scratch their heads in wonderment. Chomsky, Paul, Domhoff et al may have some food for thought as to why this seems to always be the case. [/QUOTE]
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