US F18's intercept Russian Bombers

So far the extinction rate of paper currencies is almost 100%. I don't see anything that the dollar is doing which is contrary to this trend.

 

What's your economic reasoning behind believing that the currency will fall 60%

 

Quoted for truth. Makes me giggle inside when I read people writing that the Gold Standard in not a viable system, and endorse fiat money, which in America at least, hasn't even reached the century mark and we're seeing unprecedented inflation in our country's young history.

 

A strong currency isn't always the best for the economy

http://news.aol.com/story/_a/trade-deficit-eased-last-year/n20080214182609990018

 

An inflation rate of 2.85% in 2007 isn't unprecedented, its higher then what the central bank would like but still manageable.

 

Please don't take this personally, but it is one of the stupidest statements repeated by people and it drives me crazy.

No one wants a weak currency. No one wants to pay $20 for a coke, or $1000 for a pair of sneakers. No one wants to retire, and find out that prices are rising due to dollar debasement, and their savings are no longer adequate to provide for their old age.

America has enjoyed a fairly high standard of living, because after WWII and Bretton Woods, the dollar was (sic) good as gold. It's actually surprising that the world has taken this long to catch up, considering we went off Bretton Woods in 1971, when Nixon had to close the gold window in a crisis situation.

The dollar hasn't been "good as gold" for a long, long time.

Visit other countries, and see people driving smaller, more fuel efficient cars out of necessity. Taking public transportation, and forgoing clothes dryers when clothes lines will do. Shopping almost daily for food, rather than stocking up in freezers and eating out as a lifestyle. The cost of energy and imported goods far outweighs the benefit in increased exports.

 

The government cooks the inflation books. That's core CPI, not inflation.

http://research.stlouisfed.org/fred...ne&s[1][id]=CPIAUCNS&s[1][transformation]=ch1

Try 8%. From the cooked books.

Energy
http://research.stlouisfed.org/fred...ne&s[1][id]=CPIENGNS&s[1][transformation]=pc1


.

 

America produces little, spends far more than it earns, increases its debt every year, and prints money like there's not tomorrow. 73% of the GDP is based on spending. In the last 5 years the spending money came from people who used their houses like ATM's after prices went way up above historical medians. Refinancing to spend on junk from China. Now house prices are crashing.

America had the reserve currency of the world but it has completely abused this position and that's why everyone's talking about receiving payment in another currency for goods now.

Infrastructure desperately needs investment but instead that money is wasted on wars to make a select few rich.

 

The question is, who flew?

If you mean Putin & Russia, then this is gonna be the funniest joke. "used oil as a weapon against Georgia."? LMAO, do you know how much oil Russia produces itself?

 

Putin has been doing a lot of sabre rattling and I don't think it is to Russia's benefit.

 

Its not to Russia's benefit on world arena, but it is a benefit to Russia and to people who live in Russia, I choose second, why should I care what an American thinks of Russia, when USA is hated everywhere in the first place?

No one will like that Russia is getting stronger, except the Russians, common sense.

Regarding Iran, did Russia ever not supported Iran? I dont remember, Bush is not the reason here. As if Russia started supporting Iran only after Bush entered Iran. B*sh*t.

There are many fighter jets in each country that fly near the border, especially in "big & heavy" countries like Russia, US, West Europe countries. If they saw 2 jets, shoot them down! I thought thats how it works, you get a warning, and then you are getting shot.

 

Russia has a cold war mentality and the Russian people have to wise up. The Soviet Union and all its military might only brought the average Russian poverty.

 

used oil? Okay, what about BP, Shell, ExxonMobil, etc. ec., dont you use them to fight in Iran, Iraq, Afghanistan, Pakistan, should I continue?

And all these companies produce oil in Russia too! With billion deals, whats your point now?

Thats a joke, if we were to place some heavy sh*t on Cuba and were saying it is against the marsian attack, you would be in a hot war, not a cold one

Well, last 8 years were the best years since 90's. Any country have rights to live better, if you dont like it, I challenge you to stop it.

 

You guys in Russia need to calm down. You want to support Iran? How would you like it if the US armed the Chechens?

You keep on talking about Cuba like you want Russia to go back to communism.

The Russians are living better because they got rid of communism and stopped confronting the west.

 

Chechens are on RUSSIAN territory, Iran isnt a US territory, Iran has the rights whom they are dealing with. End of story.

Besides, you've already supporting and supported terrorism in Afghanistan and you admitted it on official arena.

Niothing to do with communism, I can say Venezuela or Brasil or any other country that is near your borders. The point is to place it near you, doesnt matter where.

aha, so now you admitted that the life in Russia is getting better. Okay. We actually confronting the West much more now than we did it in 90's (1990-2000), so clearly the west isnt the reason to judge.

 

The Chechen's don't see it that way. They believe that the Russians are on their territory.