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544 Comments
- inactive, on 11/13/2007, -3/+251My dream of swimming in a pool of 100 dollar bills is very close to being a reality.
- anachronox0666, on 11/09/2007, -25/+205Bush: Im in yur kountry, distroying yur ekonomy.
(Actual spelling in memo to Cheney) - rhabd0mancer, on 11/09/2007, -5/+164It's a good time to be in debt.
The value of my outstanding student loans is dropping daily.
Huzzah! - Reese268, on 11/09/2007, -20/+152You can digg down comments saying to elect Ron Paul, but no other candidate even admits there is a real problem with our economy. At least he wants to do something about it.
Fiat currencies eventually crash. Sound money with real backing is the way to prevent crashes. - Y0tsuya, on 11/09/2007, -1/+96Yet people still think inflation is only 3%. This wouldn't have happened if the Fed hadn't tried fixing the Nasdaq bubble. It doesn't take a genius to figure out that growing the money supply devalues your money. Still there'll be people who'll contest this very simple point, citing population growth, etc.
- AriaStar, on 11/09/2007, -4/+84This is going to make moving to Canada so much harder for me now.
- jmpeagle, on 11/11/2007, -5/+79cut government spending to reduce debt, which uses money that would have gone towards capital investment instead but diverts it towards paying off debt and therefore serves as a drain on the economy. Raise interest rates. Lenders have been lending too generously to people who can't afford those loans and the U.S. Savings rate is abysmally low....both problems could be solved by a higher interest rate.
- Scumbunny, on 11/09/2007, -3/+71Unfortunately, most people will ignore this as they logon to WoW and go to the fridge for some soda....
- inactive, on 11/09/2007, -5/+72So what should we do ?
- GMorgan, on 11/09/2007, -5/+52Stop credit expansion.
- Tboy1039, on 11/09/2007, -3/+46Digg should have a chart section.
- UMDirector, on 11/09/2007, -3/+41Everyone take a shot when the first person mentions "The Amero"...
- s14sh3r, on 11/10/2007, -6/+43Devaluate the dollar, propose adoption of the Amero as the standard currency for North America.....conspiracy, anyone?
- oldhick, on 11/09/2007, -7/+41Have you ever been to a third world country? We are not turning into the third world, if that actually means anything anyway.
- Noods, on 11/09/2007, -8/+42Too true. And Ron Paul is the only candidate who is actually talking about this issue.
- numberneal, on 11/09/2007, -35/+65we're turning into the 3rd world.
- thcobbs, on 11/09/2007, -19/+49It's official.... Ron Paul comments are the new "But will it blend?"
- objectcode, on 11/09/2007, -0/+28thats because gold is the currency in WoW
- godzillaWax, on 11/09/2007, -4/+32As an expat being paid in euros, its like xmas every time the dollar falls.
- rdhazrd, on 11/09/2007, -3/+30Does that mean all our children get a laptop?
- Navicerts, on 11/09/2007, -1/+27thats his point...
- cbartlett, on 11/09/2007, -4/+28Stop blowing so much money on pet projects for congressmen.
- jonnyeuchre, on 11/09/2007, -0/+24
Very simple, we keep releasing money to the banking community to support short-term debt (b/c banks aren't lending to each other, not believing what they're saying about the debt on their books). Last week we released another $50B. The dollar is more watered-down than strip-club beer. Raise interest rates, ease the bankruptcy laws so people can get out of overpriced homes and let an investment bank (or two) fail. - rondorondorondo, on 11/09/2007, -1/+25I miss the 90's.
- l00s3r, on 11/10/2007, -0/+21Do you ever wonder how Scrooge McDuck dives into gold bullion without breaking his neck?
- btattersall, on 11/09/2007, -1/+22it rhymes with Shmimshmeach the shmesident
Seriously though, with the debt you're laden with now, coupled to the tax cuts, outsourced economy, and poor growth across most sectors, you're ***** for a good 20 years - Herostratos, on 11/09/2007, -2/+23Stop expanding the money supply!! You print more money, which lowers its value. It's that simple. If you're gonna stop expanding the money supply, credit will be mroe expensive too and raise the interest rates as a result. Herein lies the problem, of course - people will start crying when their unsafe loans bankrupts them, and then some politician will decide that the interest rates need to remain low... And in the end the economy will implode.
- prisoner24601, on 11/09/2007, -0/+20We need to start by getting rid of every single congressman, senator and president/presidential candidate that won't commit to a balanced budget. Congress approved an increase in the federal debt from 8.9 to 9.8 TRILLION dollars just a few weeks ago. Our "leadership" decides to increase our debt load by almost a FULL TRILLION dollars and it was barely even mentioned in the press. America should be up in arms to recall these politicians who let this happen.
Liberal, Conservative, Democrat, Republican, President, Congress, they are ALL responsible for this! They bicker like 5-year-olds: "YOUR side wants to spend too much on social programs!" "NO! The problem is YOUR side want to spend to much on the military!" "nyah, nyah, nyah!" They are an embarrassment to the nation! These people have to understand that the need to measure the size of the "total tax pie" we collect in a given year and then they can have a death match over how they slice the pie and who gets the biggest pieces if they want to, but NEVER SPEND MORE THAN THE PIE YOU PEOPLE! You don't borrow a second pie from the rest of the world! Our leaders are absolutely STUNNING in their ignorance and irresponsibility!
We shouldn't be surprised that more and more of the rest of the world wants to get off the train before we wreck it. Our budget policy is beyond irresponsible. Children in a playground have a better grasp of not spending money they don't have. - oneforus, on 11/08/2007, -4/+24The Money Masters
http://www.informationliberation.com/?id=8702 - katya1980, on 11/09/2007, -1/+21 Its time to go shopping in the states!! :-)
- Velenne, on 11/09/2007, -1/+21Ok so I have a problem: I'm going on my honeymoon in Italy next April. If the dollar continue to fall, my money will be worth less and less. To mitigate this, should I go ahead and buy some Euros now to spend while I'm there? (Only people familiar with the dollar situation need respond.)
- purdueAl, on 11/09/2007, -3/+22Invest in US companies that generate significant amounts of their revenue from overseas. For instance, Transocean (RIG) and McDonald's (MCD) are two good examples.
- elmetald00d, on 11/09/2007, -11/+29Not so much of a joke when you realize that pool isnt enough to buy a gallon of milk
- ayeroxor, on 11/09/2007, -2/+20Yes, yes, you see what he did there. Very impressive.
- Reese268, on 11/09/2007, -1/+18No, the amero would not be better than the dollar. It would just be another fiat currency designed to give the world banks more money and power. We do not want an amero, we do not want a North American Union. Larger governments are the last thing we want. You have no voice in a vast government.
- senorcool, on 11/09/2007, -1/+18"Extremely interesting!"...more like extremely depressing
- firechill, on 11/09/2007, -2/+19Wait.. so is 1 dollar now worth 66 cents? :|
- covertbadger, on 11/09/2007, -0/+16Yes, it is, but don't expect these idiots to understand that when they get all their financial nous from some blog somewhere. At 4% inflation, a dollar in 1950 would be worth 1*(0.96^57) = 10 cents. Not far off what it is now. To get to 4 cents today from a single 1950 dollar, the average compounded inflation rate is 5.5%. The world is caving in!
- SyntraFTW, on 11/09/2007, -3/+19Oh boy, That just makes me so happy to have gotten my Paycheck. :(
- 1derfulWally, on 11/09/2007, -3/+19I know what will fix this... More wars and sub-prime mortgages!
- tamuengineer, on 11/09/2007, -1/+17Some of Ron Paul's ideas are extreme but he does believe in reducing our military presence around the world and strongly disagrees with "nation building". That alone would curb our government spending enough to get us back on track.
- Meccabilly, on 11/09/2007, -4/+20When the third world is screwing over the US for debt and trade then yes, you will be turning into the third world.
- Xephyr, on 11/09/2007, -4/+19Americans buy milk in gallons?
- Bhatch514, on 11/08/2007, -0/+15the real problem is that American economics is not rdy to handle a low dollar. The have outsourced alot of manufacturing and low level services, which is what countries will look at America for since it is profitable to manufacture in America now. On the flip side, places like Canada that has alot of US manufacturing like Cars for example, now are too expensive compared to the same plant in the US....
- rottenspitty, on 11/09/2007, -0/+15It is all speculation since we don't know where the dollar will be then BUT if you have a few hundred dollars and convert them now I don't see a problem with that. Just hedge your bets. Convert say $500 - $1000 now and the rest when you go. Basically a 50/50 type situation of what you intend to spend while there. Convert 50% now and 50% later and you may fare alright.
- firechill, on 11/09/2007, -2/+16.
- Reese268, on 11/09/2007, -1/+14Of course it's propoganda... as soon as most people have no faith in the dollar it will fail. The truth is the dollar has no value, except for a perceived value. In the end it's just green paper.
- Daedalus81, on 11/08/2007, -0/+133% inflation every year is exponential is it not?
- AndruC, on 11/09/2007, -1/+14And so much easier for us to buy all your goods!
- raano, on 11/09/2007, -1/+14They're all coming down here for the cheap electronics!
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