The American Way Of Life Could Be Threatened

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The American Way Of Life Could Be Threatened

Postby thescout » Sat Jan 01, 2011 3:24 pm

http://www.stansberryresearch.com/pro/1 ... PSILCAE/PR


I saw this video from a friend last night and it's prety scary stuff to all Americans. I don't want to be negative but after watching this video it sure gives cause for great concern. Basically, it's about the devaluing of the dollar. If this keeps happening we are all going to be in big trouble. Right now the the dollar is the standard global currency however if the dollar keeps getting devalued it's going to cost a ton more to buy any product. Some countries have already gathered to gether to keep trying to force the dollar down even faster.The reason our dollar keeps getting devalued is our national debt. We are at over 13 trillion now and countires may refuse to take the american dollar if something isn't done. We didn't start piling up all this debt till the 80's and Reagan and its kept on at a much more brisk pace since Bush Jr got in office and now Obama.

I checked on this company that did the research and found one article on the company being a scam however take a look at the currency of the dollar. It keeps getting lower and lower which isn't good news. The other thing this guy who did the video mentions is many local goverments our broke. How are they going to do business if their broke? I don't know about all this but it is enough to scare the crap out of someone and I hope this guy is wrong.

Thoughts?


http://www.stansberryresearch.com/pro/1 ... PSILCAE/PR
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Re: The American Way Of Life Could Be Threatened

Postby backnblack » Sat Jan 01, 2011 8:55 pm

You act as if quantitative easing is the same thing as simply printing money....oh wait, it is.

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Re: The American Way Of Life Could Be Threatened

Postby thescout » Sat Jan 01, 2011 9:30 pm

Did you watch the video?
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Re: The American Way Of Life Could Be Threatened

Postby backnblack » Sat Jan 01, 2011 11:51 pm

thescout wrote:Did you watch the video?

It's an ad.

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Re: The American Way Of Life Could Be Threatened

Postby thescout » Sun Jan 02, 2011 3:07 am

I know BnB it's an ad but the variables he mentioned does make sense. The dollar is at a low point and it can't keep getting lower for fear of the dollar not being the main world currency. Also the booklets he sends are free. I haven't sent for any booklets but we really do need to start paying down the national debt some how some way. Countires don't survive owing as much as we do.

We should make these countries start paying us for being the world's policeman. Right now we are trying to defend terrorism however we have probably a greater problem in an economic crises. China owns us,we can't get access to their borders for products yet they dump as much as they want hear. Kuwait who we defended with the Gulf War doesn't accept US dollars according to this report. These oil countires want protection but don't want to pay.
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Re: The American Way Of Life Could Be Threatened

Postby backnblack » Sun Jan 02, 2011 10:02 am

Our role as world policeman is sort of like being the local thug at times who does maintain some order bu tmainly so much as he sees fit to help himself run his operation. A lot of the issue with invading Iraq involved maintaining the dollar as the world currency and the measure by which the world prices oil. Forcing coutries to pay us for being police is also known as extortion. Look no further than Germany in the 20s and 30s to see what can happen when a currency collapses and militarism is the solution. I've always said that we'd keep borrowing until no one lend to us any more and then we'd say, "Ok, try an dcollect it." It is a scary notion.

As far as this particular thing goes, he is fanning the flames of fear and trying to personally profit from it so one must take it all with a grain of salt. I have other alarmist friends who talk of shanty towns and rioting and it is not entirely unthinkable if the probability of it having int he next 12 months as this guy seems to suggest is unlikely. Not sure when this was originally "posted" but the clcok is ticking. As to protecting our own personal wealth, yes, it is vexing. In classic Southern agrarian mindset I have typically believed that ultimate worth is in land because it is a finite commodity to be divided betwixt a populace that continues t grow, however, you cannot squeeze blood from a turnip, i.e., pay for a gallon of milk with two square feet of property and the recent real estate collapse shows that land as a garantee of safe wealth is not assured. If a nation becomes unsettled the deed you have is basically worthless. There has bee a real estate grab in the former Soviet block in recent years that shows you that a deed can be created if you need one or can grease the proper palms. i wish I knew what th eanswer was besides waking up and putting one foot in front of the other each day. The "American Way of Life" is fairly reprehensible give the sitrep of the rest of the world but, like them, we are just "trapped" in the place our soul happens to reside and when in Rome one generally does as the Romans.

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Re: The American Way Of Life Could Be Threatened

Postby thescout » Sun Jan 02, 2011 1:06 pm

backnblack wrote:Our role as world policeman is sort of like being the local thug at times who does maintain some order bu tmainly so much as he sees fit to help himself run his operation. A lot of the issue with invading Iraq involved maintaining the dollar as the world currency and the measure by which the world prices oil. Forcing coutries to pay us for being police is also known as extortion. Look no further than Germany in the 20s and 30s to see what can happen when a currency collapses and militarism is the solution. I've always said that we'd keep borrowing until no one lend to us any more and then we'd say, "Ok, try an dcollect it." It is a scary notion.

As far as this particular thing goes, he is fanning the flames of fear and trying to personally profit from it so one must take it all with a grain of salt. I have other alarmist friends who talk of shanty towns and rioting and it is not entirely unthinkable if the probability of it having int he next 12 months as this guy seems to suggest is unlikely. Not sure when this was originally "posted" but the clcok is ticking. As to protecting our own personal wealth, yes, it is vexing. In classic Southern agrarian mindset I have typically believed that ultimate worth is in land because it is a finite commodity to be divided betwixt a populace that continues t grow, however, you cannot squeeze blood from a turnip, i.e., pay for a gallon of milk with two square feet of property and the recent real estate collapse shows that land as a garantee of safe wealth is not assured. If a nation becomes unsettled the deed you have is basically worthless. There has bee a real estate grab in the former Soviet block in recent years that shows you that a deed can be created if you need one or can grease the proper palms. i wish I knew what th eanswer was besides waking up and putting one foot in front of the other each day. The "American Way of Life" is fairly reprehensible give the sitrep of the rest of the world but, like them, we are just "trapped" in the place our soul happens to reside and when in Rome one generally does as the Romans.

:D :D Good post Bnb. I initially thought the answer for each of us would be land also. I also thoguht well try and collect from us. Neither does us any good but the guy did mention former Yugoslovia as the most recent country that went through massive debt. I also agree with you that this ad was scare tactics but the national debt is a huge huge issue that our politicians hsve to get serious about. I don't know how the governemnt is going to raise money to cut the debt. Seems like everyone gets offended if you raise their taxes. Businesses our doing better than they have in a long time.Why not raise taxes on them? If you want the american way of life to continue those who prosper the most should pay the most? Then again businesses might threaten to take their business offshore.We already have the world's second highest tax rate for business.

Cutting entitlements which seems to be a Republican thing is also another huge issue. Cut social security,medicaid or medicare you have many more homeless, more people sick going to emergency rooms and ultimately the tax payer pays for that. Maybe delay social security would seem to be a reseaonable answer? Maybe states could legalize gambling,prostitution,marijuana which would helps states gain revenue. These are just ideas but the hard questions must be answered soon. We simply can't turn an eye on this issue. We seem to rob Paul to pay Piper.Politicians don't want to seem to handle the mess for fear of not be voted back in. Anyway some hard choices need to be made and the debt mst come down.
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Re: The American Way Of Life Could Be Threatened

Postby backnblack » Sun Jan 02, 2011 7:12 pm

When we send reps to DC we say, "Cut the pork and bring home the bacon." Until that stops we will get nowhere. The national debt is beyond serious.

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Re: The American Way Of Life Could Be Threatened

Postby thescout » Sun Jan 02, 2011 8:14 pm

Agreed. There are to many lobbyists and politicians who could care less about the people yet if the dollar ever lost it's leading status in the world we all would be in trouble. GREED, is the no1 killer of any society.
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