From: uniquemachine@cybcon.com
Date: Thu Dec 15 2005 - 11:51:38 PST
Sounds good enough to make a movie from.
On 15 Dec 2005, at 14:08, G Shaw wrote:
> A little distasteful economics being taught now in college, with some
> MV thrown in.
>
> The only way out will be a write off of the US debt and a following
> total run and collapse of the value of the dollar, and then in turn
> the collapse of every major world currency not solidly backed by gold.
> (The Chinese are buying all the gold they can get their hands on
> right now, wonder why). The Chinese hold enough US treasuries (and
> gold) as we speak to provoke this at any time of their choosing by
> flooding the market overnite with sell orders. They hold a weapon far
> more powerful than their nukes. The US is countering by preparing to
> issue its new currency. They already have this emergency plan in
> place. There will be no deficit debt load on this new currency since
> it will be wiped out in the default. The money is already printed and
> ready. They know that the switch over will have to happen quickly and
> there will be no time to produce the printed money once the sh*t hits
> the fan. The money looks more or less the same but it is blue rather
> than green and is in storage now for some time. The losers in this
> deal will be all those who are *lenders* in the system, such as anyone
> with a 401K or other plan based on stocks or bonds, people who hold
> Treasuries (who have loaned their money to the govt) etc. They will
> have to consider those investments gone as they are in all countries
> where a currency collapse has happened historically. Essentially the
> economists will tell you that this instant transfer of wealth back to
> the government from the losers who are wiped out is what restarts the
> economy.
>
> Drastic cuts in they way we do business will be needed to avoid all
> this.
> And for the MV content; it is assumed by the Rand Corporation synopsis
> that a war will result followed by a rebuilding of most of the world.
> Everyone in top positions know that severe protectionist laws allowing
> for trade with other countries using an applied duty based on the
> difference between the US and foreign wage scales where the product is
> produced, coupled with draconian government spending cuts to begin in
> the next couple of years will avert this world catastrophe that is
> building up. I believe that soon most legislators will realize that
> the non-war solution is less painful than the war/dollar default one.
> We shall see. Maybe not. Soon.
>
> Glenn
>
>
>
> -----Original Message-----
> From: Military Vehicles Mailing List [mailto:mil-veh@mil-veh.org] On
> Behalf Of Hutterer, John (MPAU) Sent: Thursday, December 15, 2005
> 12:10 PM To: Military Vehicles Mailing List Subject: Re: [MV] Chinese
> Products
>
>
>
>
> Here's an interesting bit of information that was published in the
> local paper a few weeks ago. A nationally known economist was in town
> to give a lecture to the business community, and the paper quoted some
> information from his latest book. Unfortunately, I don't remember his
> name.
>
> The national debt is growing. It is growing very fast. By the year
> 2042 ( a long time from now? No actually only 37 years) it will be so
> great that it will be equal to 6 times the Gross National Product of
> the United States. Much of the National Debt is owed to foreign
> countries, since they are the only entities that are wealthy enough to
> buy our bonds in quantity. In 2042 it will take 95% of the total tax
> money collected by the federal government just to pay the INTEREST on
> the National Debt. That leaves the remaining 5% of the taxes that are
> collected to fund the rest of the government. Try paying for Defense
> and Social Security with only 5% of the budget. This is the scenario
> as it relates to the programs that are currently in force under the
> Bush administration. If the policies that were put in place by the
> Clinton administration had been followed, the above figures would have
> also been true, but they wouldn't have occurred until 2052, or ten
> years later. In reality, it isn't much of a difference. The point of
> this is that the US is heading towards bankruptcy. At some point in
> time, we are going to owe so much money to the rest of the world, that
> they are going to basically be able to "foreclose" on us. Of course,
> that isn't how nations operate. I honestly have no idea what will
> happen, but it sure doesn't look good. Personally, I believe that this
> is just another example of how we, as a nation, have made "me first" a
> national mantra.
>
> Hoping there is a way out of the mess...
>
> John H
>
>
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