Obama: Dollar just an Illusion

Discussion in 'Economics' started by bearice, Apr 2, 2011.

  1. Look up comments from the 1980's about the Reagan debt. Everyone thought 3.5 trillion was going to bankrupt the country. In 1992 Ross Perot ran a campaign about the debt. The Republicans won in 1994 based on controlling Government excesses.
    In fact the Republican Congress did end up getting a balanced budget by 1998
    #11     Apr 2, 2011
  2. Money is based on a promise.

    Money is just a means of exchange of a promise traded for something in the future.

    People used to trade a goat for some rice. If the goat died the next day...the person with the rice got a better deal?

    Fiat currency is not an illusion any more than a futures contract is an illusion.

    It is a contract people enter into. There is no certainty of the future, just a speculation on the future.

    Capitalism demanded a way to borrow in the present against a hope into the future.

    I find it most odd the way in which capitalists argue against fiat currency, for without fiat currency plus credit and debt, capitalism could never have grown the way it has grown.

    <img src=http://3.bp.blogspot.com/-psS9z6yK_OI/TY8spbjEUpI/AAAAAAAAB9M/I2I7LXijucI/s320/donald_trump.jpg>

    Greed is a fat demon with a small mouth and whatever you feed it is never enough.

    - Janwillem van de Wetering

    Money doesn't talk, it swears

    -Bob Dylan

    #12     Apr 2, 2011
  3. JDL


    yep, your 100% right, thank you
    #13     Apr 3, 2011
  4. zdreg



    Registered: Feb 2009
    Posts: 496

    04-03-11 11:23 AM

    Quote from SnakeEYE:

    America was used by jews like a disposable condom.Next - Russia and China

    yep, your 100% right, thank you

    I guess based upon your handle you belong to the jewish defense league.
    #14     Apr 3, 2011
  5. How can you say that? America has enjoyed the highest standard of living in the world for decades. If getting used lets you live better than 95% of the world, is that a bad thing?
    #15     Apr 3, 2011
    #16     Apr 4, 2011
  7. #17     Apr 4, 2011
  8. Why take economic advice from a community organizer?
    #18     Apr 4, 2011
  9. If dollar is an illusion then let me print my dollars as per my needs.
    #19     Apr 4, 2011
  10. Organizer for a community of 4 Billion people.
    #20     Apr 4, 2011