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behaviorkat

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Posts posted by behaviorkat

  1. Dan's got it right. The Fed has been printing money at a record pace for the last 2 years and it has nothing to do with the RV. The theory is twofold: first, that by devaluing the dollar, they make us more competitive in the world market since imports are now "cheaper" technically as goods are priced against foreign currencies and we have been unable to get China to increase the value of the juan to some reasonable level, secondly, in theory we're printing money to pay off debt which is valued in dollars, so we're paying off debts with this "cheaper" money.

    It's Keynesian economics, and it has never worked in history. And it's a bunch of crap, because while the Fed is playing games abroad, every one at home has lost 13% of the value of their assets this year, and our national debt has reached an unsustainable level. So, unless the revenues generated for the government by this RV are used properly, which is not very likely, we are headed for an economic "brick wall" in the not-too-distant future. Something, in my opinion, similar to the great depression.

    So use this blessing wisely, and don't keep your savings in US dollars! JMO. God bless! :)

    You all may be on to something here ---- it is sad

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