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yeah right, piggy is
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L K Day wrote: Really want to cut our carbon emissions? $6.00 gas would help. You could do that with taxes and use the windfall to fund researching technologies that might lead toward clean energy independence.
How much does (or did before he became veep) Cheney take for a speech of any kind? I'll bet when he's no longer VP he'll be demanding more than $50G for that kind of event... except Cheney will never speak against poverty, only create more.pigsteak wrote:...and also take $50,000 from a university for giving a speech on....cough, cough..the "two Americas" and poverty
Any libbies on here calling him on the carpet for his greed? didn't think so...it is only that bastard cheney...
Commentary by Matthew Richards
Of this country's major trading partners the US is the only one that has failed to balance its books. Government debt is literally at run away levels and there is no end in sight for the potential to correct it nor does there appear to be a willingness to do anything about it.
In the past 3 years the US dollar vs the Canadian dollar (the largest trading partner by far) has devalued by almost 30%. The Canadian dollar is now very close to parity and predicated to surpass the value is the USD by the end of the year.
The ill conceived war (we'll call it the Bush war) has driven oil prices to new and sustained highs that have done nothing but damage the US as we are a net importer of oil. It has significantly enriched many of our trading partners though, Canada, Russia, Mexico and so on.
I see a significant and continued slide in the value of the USD and therefore the need for the Fed to shore up interest rates to support its value. I believe that for the first time in modern history the word "devaluation" will be used in conjunction with the USD.
The country is heading for an economic crisis of proportions rivaling that of the 1930's. What is different this time is that the rest of the world (aside from China) is in pretty good economic shape.
What do I think is going to happen? The USD will slide below the CAD and by this time next year the CAD will have a 10% advantage. The Euro will continue its climb as well. As the US continues to borrow unprecedented amounts of cash from the rest of the world and its currency continues to slide the world will demand higher rates of return. The Fed will no longer have a choice. China, with its trillion plus reserves of USD will see its value eroding and begin to dump them on the market to buy more stable currencies. The flood of USD on the open market will continue to accelerate the problem.
Double digit interest rates and in the US within 18 months and a significant contraction of the money supply. Significant increases in taxes and the US heading to economic basket case status.