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Old 11-10-2010, 04:12 AM
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It seems to me that we are heading into a BIG problem.. they keep printing the money and it is causing the devalue of the dollar.. We just put anothe $600,000,000,000.00 into the economy.. Now oil is at $87.00 per barrel and quickly rising.. They say we are making the dollar cheaper so we can compete with China who probably owns 60% of our country.. We need to stop printing money,ger back to good conservative cuts and spending and make the dollar stronger otherwise we are going to pay $6.00 for a gallon of gas which today I heard that oil will be $200.00 a barrel by 2025,, And $10.00 for a loaf of bread.. Inflation will hit us BAD if we dont stop this spending madness!!
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Old 11-12-2010, 12:11 PM
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I have a 100 billion dollar note from South Africa that cost more to print than it is worth. But, hey, I can say I'm a billionaire
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Old 11-12-2010, 12:40 PM
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tim c, your point is well taken. The Fed says we need a little inflation to prevent deflation--and bond and money market investors haven't had much to be happy about for several years now; but I think everybody knows what will happen when we keep pulling money out of thin air. We need to go back on the gold standard or some other asset-backed monetary system. Grab hold of something--it's going to be a rough ride.
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Old 11-15-2010, 12:24 PM
 
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There's only one way to fix this mess, and that's to have everyone suffer as equitably as possible through big spending cuts to entitlements and small tax increases to those who can afford it. The problem is that our elected government officials are more concerned now about who runs the country in 2013 than they are fixing the problem so I see nothing getting accomplished over the next two years, just a whole lot of the same "us vs. them" mentality that's been plaguing this country for years.
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