Ron Paul Warns of Violence from Pending Dollar Crisis

[mgabriel01]

Quote from morganist:

i've often wondered why they under estimate them. i am concerned if the chinese take over it wil be really strict and ruthless. i would not want them being the equivalent to what the americans are now. could you imagine what it would be like if the or should i say when the chinese are the main power in the world.

also i don't think the americans will just sit and do nothing they will just start a war if they lose power economically. they have the army and would be willing to use them if they lost supremacy so it could be a war if it collapses.

Fear is such an articulate speaker
It whispers in your ear and shouts in your face
And it wins every time because it keeps you from looking at things from more than one perspective
I love that about fear...

 

[Misthos]

Quote from jprad:

Heh, when you owe the bank a little, they own you. But, when you owe the bank a lot, you own them.



I deleted you last point because you completely missed mine. It's simple game theory, no bigs if you don't get it now, but you will some time in the future if you're still consuming oxygen and remember this thread.

Sorry, I'm not a trekkie. Your insults don't bolster your weak arguments either. But hey, you have to use what you got.

Your bank analogy is quite simplistic. When you have the world's reserve currency, you have a HUGE advantage, so long as you are responsible with it. Act irresponsibly, and you eventually lose that reserve status, and all the wealth and power that comes with it.

 

[trefoil]

Quote from Rod Shaft:

Sorry, I don't mean to be that guy... but what about the Peloponnesian War?

Alright, I'll give you that one.

 

[Scataphagos]

Quote from jprad:

"... I'm not saying the next few years, even decades won't be pretty. But, the U.S. is better positioned than the rest of the G8 to get through this mess.

I don't know that we are. And even if it's debatable, we should take no comfort that others hosed it up as badly as we.

1. They don't have as big a Boomer generation, and we haven't reserved for the expense.

2. They are not running the expense of being "policeman to the world".

3. We have had moderately high expectations because of our strong middle class... much of which is now gone and not coming back.

I hope I'm wrong about what all this means, but this is not simply another "cyclical swing". And coping with such a huge mess is not what I had in mind to occupy the rest of my life.

 

[jprad]

Quote from Misthos:

Sorry, I'm not a trekkie. Your insults don't bolster your weak arguments either. But hey, you have to use what you got.

T'wasn't an insult, sparky. (but, this is, and denigrating too...)

Your bank analogy is quite simplistic. When you have the world's reserve currency, you have a HUGE advantage, so long as you are responsible with it. Act irresponsibly, and you eventually lose that reserve status, and all the wealth and power that comes with it.

Look, I'm the last person you'd consider a fan of the dipshits that are running this country (into the ground.)

Just the same, if the world had a viable option for an alternative reserve currency it would have already been implemented after the events of the past year.

 

[Misthos]

Quote from scriabinop23:

We are in a policy bind, yes, but don't keep your outlook of potential to be within the box. The US already has the factors of production to be the saudi arabia of energy production (look to breeder nuke technology, or less head-in-the-clouds shale nat gas & algae oil production), and has enough slack in the labor force to produce useless crap with 3-year lifespans as China currently does. The only reason we don't is because it is a better deal to let China do the production, and the world oil cartels stifle innovation. China's currency subsidy policy is merely -delaying- future consumption of US currency denominated goods. But don't kid yourself, if the shit hit the fan, I think we'd be just fine.

I think global warming trends from continued reliance on fossil fuels present greater perils to humanity and Americans than do temporary trade imbalances or power grabs by certain strong constituencies who perpetuate their high monopoly rents.

I've studied all those alternative fuels. Not a panacea by a long shot. Shale gas wells involve hydrofraking - very intensive, uses loads of water, expensive, and those wells generally peak within a year or two - 60-70% depletion. Anything biomass involves a lot of land and water that takes away from food prodcution. Almost the same amount of energy is used to create the energy that is ultimately produced. Not a big net gain. Nuke tech - suffers from NIMBY.

Oil is still King.

If the SHTF, coal is the only way to go. And yes, we are the Saudi Arabia of coal.

You deleted my reference to the climate. There we agree - It's not a pretty picture. It's actually the worst danger we face that will lead to resource wars and tremendous dieoff in many parts of the world.

 

[Misthos]

Quote from jprad:


Just the same, if the world had a viable option for an alternative reserve currency it would have already been implemented after the events of the past year.

Give it time sport. You understand that, right? Some changes are slow, much like yourself.

 

[mgabriel01]

Quote from Misthos:

I've studied all those alternative fuels. Not a panacea by a long shot. Shale gas wells involve hydrofraking - very intensive, uses loads of water, expensive, and those wells generally peak within a year or two - 60-70% depletion. Anything biomass involves a lot of land and water that takes away from food prodcution. Almost the same amount of energy is used to create the energy that is ultimately produced. Not a big net gain. Nuke tech - suffers from NIMBY.

Oil is still King.

If the SHTF, coal is the only way to go. And yes, we are the Saudi Arabia of coal.

You deleted my reference to the climate. There we agree - It's not a pretty picture. It's actually the worst danger we face that will lead to resource wars and tremendous dieoff in many parts of the world.

natural gas
we just found a shitload of it
read the papers

 

[jprad]

Quote from Scataphagos:

1. They don't have as big a Boomer generation, and we haven't reserved for the expense.

What's more expensive? A few million geriatric boomers or a billion mouths to feed?

2. They are running the expense of being "policeman to the world".

Great point. I wonder how much U.S. debt would be forgiven if Washington announced that we were closing down every foreign base.

(Not that I'd want to, it wouldn't give us the benefit of Washington learning a much needed lesson on fiscal responsbility.)

3. We have had moderately high expectations because of our strong middle class... much of which is now gone and not coming back.

I somewhat agree, but I'd lean towards unrealistic, not high, expectations. But, that doesn't take nearly as much effort to adjust as other things will. Again, it's going to be a painful transition for a lot of people, but it will happen.

I hope I'm wrong about what all this means, but this is not simply another "cyclical swing".

I agree. Those who are good with their hands will do much better than those who paid others to use their hands.

 

[jprad]

Quote from Misthos:

Give it time sport. You understand that, right? Some changes are slow, much like yourself.

Oops, yet another who's betting with his heart, not with his head...

Good luck, and let's remember to revisit this thread, agreed?