Discussion in 'Economics' started by MKTrader, Sep 13, 2010.
Obama should follow Cuba's lead:
Don't worry, he is following Cuba's lead. Only he's moving in the same direction as Cuba moved 55 years ago.
Cuba does not have the advantage of the control of the world's reserve currency.
$US as a reserve currency is fading. It happened to the british pound. the air in the balloon is being led out slowly until the big whoosh happens ie an overnite devaluation. it happened at 20% to the BP.
Just like the former Soviet Union before its collapse.... once the economy and culture are "fully socialized", the economy slows to a crawl (or worse) and everybody is equal... THEY ALL HAVE NOTHING! (except government, of course)
Do you mean gold or oil? Either way, you're right. Cuba isn't exactly Saudi Arabia or S. Africa and I'm sure they don't have their own Ft. Knox after decades of Castro-ism.
So much for those who argue a gov't shouldn't cut spending during a recession, lol.
Depends. Upon whether you want to maintain the facade of growth with an election on the horizon or address a problem.
Government spending NEEDS TO BE CUT... FOR THE SURVIVAL OF THE REPUBLIC... and we need to adjust to the consequences.
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