911 was our fault: Ron Paul

[Ricter]

Quote from Lucrum:

I missed that.

I have assets and an income.

What's that got to do with the federal deficit and national debt though?

You wanted to know how you loan money you don't have to yourself. Ok, you do have money. So, buy a T-bill.

 

[Spike Trader]

Quote from Mvector:

Russia: “Should Anything Happen to Iran … This Will Be a Direct Threat to Our National Security”

Washington’s Blog
January 15, 2012

Russia and China Would Consider An Attack On Iran – Or Syria – As An Attack On Their National Security

RT notes: The escalating conflict around Iran should be contained by common effort, otherwise the promising Arab Spring will grow into a “scorching Arab Summer,” says Dmitry Rogozin, Russia’s deputy prime minister and former envoy to NATO.

“Iran is our close neighbor, just south of the Caucasus. Should anything happen to Iran, should Iran get drawn into any political or military hardships, this will be a direct threat to our national security,” stressed Rogozin.

Here’s what Rogozin is talking about (notice how close the Southern tip of Russia is to Northern Iran):

http://www.infowars.com/russia-“sho...-a-direct-threat-to-our-national-security”-2/

A Chinese general has also allegedly said that China would launch World War III if Iran is attacked. Andsee this.

While many Americans still believe that our government would not be crazy enough to attack Iran, economic – not national security – considerations may be driving the warmongers.

In addition, Iran and Syria have had a mutual defense pact for years. And China and Russia might also defend Syria if it is attacked. So an attack on Syria could draw Iran into the war … followed by China and Russia.

When are the ET - 5 Star Generals going to comment on this ?

 

[Lucrum]

Quote from Ricter:

You wanted to know how you loan money you don't have to yourself. Ok, you do have money. So, buy a T-bill.

Huh?

 

[Lucrum]

Quote from Spiker:

When are the ET - 5 Star Generals going to comment on this ?

What difference does it make to you?
You're going to blindly follow Odumbo...even if he starts WWIII.

 

[Mvector]

Quote from Spiker:

When are the ET - 5 Star Generals going to comment on this ?

You mean the AIPAC love children?

LOL! They don't have real answers - just hot wind - from both ends!

 

[DemZad]

Quote from Ricter:

We have money, got some in my wallet right now. But seriously, as long as we are making our interest payments to the satisfaction of our creditors and as long as we have desirable goods to bring to international markets we're neither bankrupt or broke. We may have a lot of debt (again, mostly to ourselves), but so far the creditors are ok with it.

What do you think will happen if/when our currency loses its reserve status?

 

[Ricter]

Quote from DAS Trader:

What do you think will happen if/when our currency loses its reserve status?

I think it already is, but gradually, which is what everyone wants.

 

[DemZad]

Quote from Ricter:

I think it already is, but gradually, which is what everyone wants.

And when the process is complete, and the resultant devaluation of the dollar, reduced credit rating, et al, how would you characterize our financial situation then? Do you think we will be able to afford our vast military empire and extremely expensive foreign escapades?

I guess what I'm getting at is, does it make sense to you, given our precarious financial position, for us to continue to borrow and spend at our current rate...or, would it be more intelligent for us to begin to pull back now, before the other shoe drops?

 

[Ricter]

Quote from DAS Trader:

And when the process is complete, and the resultant devaluation of the dollar, reduced credit rating, et al, how would you characterize our financial situation then? Do you think we will be able to afford our vast military empire and extremely expensive foreign escapades?

I guess what I'm getting at is, does it make sense to you, given our precarious financial position, for us to continue to borrow and spend at our current rate...or, would it be more intelligent for us to begin to pull back now, before the other shoe drops?

The process is (relative) devaluation. The reduced credit rating is a largely independent factor--other nations have had AAA credit but their currencies are not the reserve currency.

No, the American Empire must continue its steady contraction. It's unfortunate how fast these things happen in our era. It took Rome centuries to fall. Thanks to modern communication technology this can be accomplished in decades. Might be a good thing, though, if it prevents the rise of a new empire. I think we are "pulling back", the reversal of the "two war capable" strategy is evidence. The big hiring chill for the military is more.

 

[DemZad]

Quote from Ricter:

The process is (relative) devaluation. The reduced credit rating is a largely independent factor--other nations have had AAA credit but their currencies are not the reserve currency.

No, the American Empire must continue its steady contraction. It's unfortunate how fast these things happen in our era. It took Rome centuries to fall. Thanks to modern communication technology this can be accomplished in decades. Might be a good thing, though, if it prevents the rise of a new empire. I think we are "pulling back", the reversal of the "two war capable" strategy is evidence. The big hiring chill for the military is more.

Debatable assertion regarding the credit rating agencies aside, I suppose I can agree that gradual is better than instantaneous.