BS: Cd $ reaches parity with US $

Subject: RE: BS: Cd $ reaches parity with US $
From: EBarnacle
Date: 08 Oct 07 - 01:07 AM

LH, During the War Between the States or the Late Unpleasantness or the Civil War [take your pick] the Union started running out of hard currency and began issuing paper money, aka shinplasters. This devalued the US dollar. When the war was over, the value of the dollar recovered.

This does not explain the stupidity of our current regime in creating an atmosphere which weakened the dollar. The floating value of the dollar is actually a worldwide vote on the world's relationship with the US rather than an intrinsic measure.

Have you wondered why Petroleum products have not risen even more than they have? The are pumped and paid for in US dollars/barrel.

Subject: RE: BS: Cd $ reaches parity with US $
From: Little Hawk
Date: 08 Oct 07 - 03:46 AM

Uh-huh. War is by far the most expensive and wasteful activity that humans engage in, but it's exciting to observe vicariously (specially if you approve of it) and it's very profitable for certain people in business and politics. The main challenge with a war, other than coping with pouring a country's human and material assets into a bottomless pit, is selling it to the public at home. This is crucial to maintaining an effective war effort. Fear is a good motivator, so that's the angle that usually works best.

Remember what a dire threat Manuel Noriega was to the world when he (eventually) stopped following CIA orders? OOOO-weee! Scary!

Remember what a dire threat Saddam was? Oh dear! Gotta protect ourselves from the terrible WMDs!

Note what a dire threat Ahmadinejad is being portrayed as now. He is the new official "Bad Guy" of the news media. There always has to be one if you want a war. They have to have a recognizable face for people to be afraid of. Once he is gone, they'll find another.