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Sir;...We have to go if they have a conference... If we don't go they will just dress up a fat prostitute like uncle sugar to say oui, oui, oui to everyone.... You know; we did not have to export all our capital.... We did not have to give the financial wizards our whole economy to practice their spells and alchemy upon...We did not have to get wrapped up in foreign wars for little gain... The best defense against terror is a working economy, and ours worked only to drain every bit of capital out of the people, and to harness the whole nation to credit.... Now it is time to bail on the dollar....We do not have to respect it... If the people do not have dollars, and we don't have an economy, then we can decide, on a case by case basis which dollars to accept from whom... Now, if that seems to raise a bunch of other issues, then face the fact, that if we do not put some meat behind the dollar no one will want it; and our power to corrupt the world will be gone... The rich have some cash. The poor don't have squat, and the government has all its money invested in debt... I think it is time to get to zero and start fresh, and one way or another we will by choice, or by chance unless we can liquidate the property of the rich... We don't have any public property we can sell to the rich for cash except our civil rights... They are used to getting public property for free....They will not pay for wasteland, and we cannot... What else do we have to trade for wealth but our rights??? And I don't think I can live without mine...Thanks...Sweeney
Comment: #1
Posted by: James A, Sweeney
Fri Nov 14, 2008 4:32 AM
Sir - nearly every U.S. commentator focuses on how the Europeans want to regulate everything so much more than the over here. Not so. Actually, if you look at the banking mess in Europe, it is because their banks are far more over-leveraged than Wall Street. In Germany, they are on average twice as leveraged, and of course Icelandic banks... The truth is, European financial services have been notoriously under-regulated and so it is pretty natural for their public to demand a lot more.
Comment: #2
Posted by: David Shaw
Sun Nov 16, 2008 9:39 AM
Well, Byuke, that's a pretty depressing picture to offer without one whiff of suggestion as to what you would do if you were king. Wow, that's a frightening thought, isn't it?
Comment: #3
Posted by: Masako
Sun Nov 16, 2008 9:51 AM
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