[rogerhb]

Nuking the Economy

My favourite line is

$this->bbcode_second_pass_quote('', 'T')he declines in some manufacturing sectors have more in common with a country undergoing saturation bombing during war than with a super-economy that is “the envy of the world.”

[Carlhole]

You shouldn't post articles like that - it's unpatriotic.

[rogerhb]

$this->bbcode_second_pass_quote('Carlhole', 'Y')ou shouldn't post articles like that - it's unpatriotic.

[bobbyald]

Interesting article.

The US economy certainly looks like it will be entering a deflationary recession at some time. Just how long will the rest of the world continue to support an economy and currency build on such shaky foundations?

I think we can be fairly certain that the US will use both the printing press and its military when the time comes and no one will be safe. Be prepared!

The scariest sentence for me is:
$this->bbcode_second_pass_quote('', 'I')t is possible that there might be no exchange rate at which the US can balance its trade

[rogerhb]

$this->bbcode_second_pass_quote('bobbyald', 'I') think we can be fairly certain that the US will use both the printing press and its military when the time comes and no one will be safe.

[bobbyald]

I think they've hardly begun yet.

(You should do better than most in New Zealand)

[rogerhb]

$this->bbcode_second_pass_quote('bobbyald', 'Y')ou should do better than most in New Zealand

[jaws]

When you increase government spending it will draw resources out of the private sector, whether it's deficit-financed or tax-financed. That means private sector employment will fall.

The economy is being nuked, by the idiot government of the United States.

[MicroHydro]

Very happy to be in NZ. The fiat paper Kiwi dollar is also trash, but we have plenty of biomass, lumber, meat, fish, veges, milk, and wool. If TSHTF so we are knocked back to the Victorian Era, that is ok too, plenty of coal to burn. Not to mention hydro and wind. A lot of realtors will be humbled, but we will muddle through.

[rogerhb]

... and the geothermal. Just need to kick out some certain aluminium smelters and we'll last a while longer.

[Kingcoal]

$this->bbcode_second_pass_quote('MicroHydro', 'V')ery happy to be in NZ. The fiat paper Kiwi dollar is also trash, but we have plenty of biomass, lumber, meat, fish, veges, milk, and wool. If TSHTF so we are knocked back to the Victorian Era, that is ok too, plenty of coal to burn. Not to mention hydro and wind. A lot of realtors will be humbled, but we will muddle through.