DISQUS

Chris Moran · 1 year ago

Nice writing style. Looking forward to reading more from you.

Chris Moran

Flirtilizer · 1 year ago

I wrote an article about what all this means to the expat's dollars that may be of interest to you. The article also give additional information about why a download slide grows like a snow ball going down a hillside. This should increase the dollars value for the expat.

Mindanao_Bob · 1 year ago

This situation is absolutely frightening, and very confusing too! I think we are in for a long downward trend.

Signature payday loans · 1 year ago

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Flirtilizer · 1 year ago

Hey Bob, yea it wont turn around any time soon. It will turn around but it will likely take a few quarters. The market is showing signs that it has hit bottom. It kept going up and down yesterday. Now would probably be the time to buy some stock though that might be risky. If not now, it wont be long. This shouldn't last longer than six months though. But it is hard to say for sure.

I think the best fix would be for the Treasury to take the 700B and guarantee the loans the banks make to each other.

Flirtilizer · 1 year ago

Hi Mr. Loan, glad it has been helpful.

Flirtilizer · 1 year ago

The Wall Street journal is reporting that the FDIC is expected to insure loans between banks. This should have a major effect on creating money and thus allow the economy to recover. Perhaps faster than many first though. The treasury department plans to buy preferred stock in banks. Preferred stock is non voting stock, thus keeping the government out of direct control over the board and executives. This will give the government less of a voice in running the banks but will also allow the bankers to make mistakes. I hope the Treasury uses a stick and carrot approach. Overall, I'd have to say Uncle Sam is doing an usually good job, at least on paper.

John · 1 year ago

You are right about the way it works.
But money has a false value, true we use it with a true value but its false. When you look at you 401 or stocks, you see a number $1234.00 it has meaning but its false, because its not there until you call for it, so if it fails you only loose the number you inserted so therefor the other numbers were false and brought false hope & false pride, therefor false
Its crazy because the only thing we see as worth is false, its like a drug and when its taken away we cry, but drugs are also false, what do humans crave more than money, to be saved, also false
So everything we know is therefor false until we understand that its false, then we understand we all live a great big lie.
Have a nice day

Flirtilizer · 1 year ago

John,

I'm sure you've earned this negative feelings on life. It is hard to get out of that once your in it.

There are some truths in life and in death. You might enjoy a philosophical conversation in my Faith section. It's near the top of the page. Maybe I should rename it to Faith and Philosophy.

John · 1 year ago

Negative feelings on life, no Rusty they are not.
Our religious system is now outdated and needs to change for the better
Our money system is old and out dated and needs changing for the better
Neither will save us form death or life or afterlife
It only numbers after all, whats the big deal.
Example- China makes our trinkets, we buy them with numbers from the place we call work in turn we grow China's food they in turn buy it with numbers from the place they call work, thats why we call it trading. But someone got gold trinkets that because God said gold is good, people believe it has value which in fact has no value, just another rock, that has limited use outside of jewelry, why is wood not worth more we live in homes made of wood, but God said we would have houses made of GOLD when we die, so is that's why we know God is false like money
Have a nice day

Flirtilizer · 1 year ago

Hello again John,

First I don't think God said we would have houses made of gold. Second, the bible often uses symbolism. If you try to read the bible in a literal way, I think you'd have to conclude it is false.

The value of an item is determined by its demand vs supply. There is much demand for gold, that gives it a value. If changes occur in our society, causing gold to no longer hold value then it will have none. Considering how long we've been chasing gold, I don't see that as too likely though.

What you've said is the best argument I think I've seen for abandoning the gold standard. The demand for money gives it a value.

Using your logic, that must mean that both God and money is true. But to use only logic to prove God misses a huge part of God.

Have you ever been in love, felt love? Regardless of your answer, I will call upon you to prove it. If you have felt it, how do you know it is love? If you have never felt it, how do you know it doesn't exist. A does not always imply B.