Users who Dugg This
Blippslider
709 Followers
Abul Kalam
634 Followers
stoicacristian
4 Followers
Saddam Hussain
36 Followers
Dejan Petrovski
80 Followers
honestmarcAug 7, 2011
No matter what Ben Bernanke does, the Titanic (which is the US economy) is headed dead center for the iceberg. I guarantee you there are a lot of sleepless nights over at the Federal Reserve. And for our old friend Alan Greenspan... He don't give a F**k that he's mostly responsible. He needs to be tarred and feathered.
DemonoirAug 7, 2011
And it is not "Women and Children first" who will be saved, but "banksters and brokers" !
martoqAug 7, 2011
Looking forward to TARP 3.0! I can't wait to bail out more failed companies.
darkmatter911Aug 7, 2011
Despite the fact that technically the recession ended in the "real world" it has been one long recession/depression for many people with no end in sight.
cobbhouse67Aug 7, 2011
uh you mean depression. got news for you it's already here. END THE FED
tomtutsAug 7, 2011
Maybe it's time for a gold-backed currency 2.0
chrisvazquez1Aug 7, 2011
Why is it that I still hear people calling for this idiocy? There isn't enough gold to take us back to a representative money. Fiat money is perfect for what we use it for. Also, the dollar is STILL one of the strongest world currencies.
tomtutsAug 7, 2011
The amount of gold that exists is not important, what matters is setting an exchange rate and holding to it so that fiat money cannot be continually debased. Whether $1 = .1 gram of gold or $1 =.0000001 gram, or something in between, doesn't really matter so much as the fact that nobody can print more of it.
The dollar is falling all the time, with more nations and organizations talking about the need to do away with it as the world's reserve currency all the time.
Fiat is fine as long as it isn't abused, and there has been a hell of a lot of abuse lately. The dollar has already lost 98% of its value. Only so much abuse can happen before people lose faith in a fiat currency. The reason our currency has been backed by gold or silver for most of the nation's history, until as recently as the 1970s, is because it makes it more difficult to abuse the currency.
When this brief little experiment with unbacked fiat currency finally runs its course into oblivion, something will have to come around and replace it. Gold or silver backed currency worked in the past, and we will likely return to that again.
ISMMAug 7, 2011
It's so important to control your own destiny.
infropreneurAug 7, 2011
what more you can expect from a powerless president
Haz0Aug 7, 2011
The 2.0 part is that we can now see how our current unjust goverance is every bit as delusional as the haves who bet more than they make, crippling the actual process of making a just future for us all.
reaper527Aug 7, 2011
FTA:
"they might take the time to pass a few basic expansion measures, like extending unemployment insurance"
and we wonder why our country is broke? its already up to 99 weeks (almost 2 years). there is a point where unemployment goes from being a safety net to a way of life, and we have crossed that line and appear to be obsessed with sprinting even further away from that lineComment is buried, click here to see the rest.