jcd11235

Interesting article. You realize this guy is advocating a return to the gold standard? And, there's not a lot of gold to go around in the world, anymore. I agree with some of his points. US govt bonds, etc. are the benchmark securities for the world. Why? We are the most powerful militarily, and as long as we pay on the notes, then people (mainly govts and large corps) will feel comfortable converting whatever currency they have into US securities. That's the real power being discussed here. No financially savvy institution keeps US Dollars tucked away under their bed. They keep US securities tucked away under their bed, because they get a rate of return from those securities. Right now, it does appear that we've been printing extra money for some time, thus the inflation concerns being expressed at the Fed. There is also a movement underfoot by several govts to decrease their exposure to US govt bonds (e.g., China). I do understand the laws of supply and demand. My point here is it's not so much the demand for US Dollars as it is the demand for US securities that's going to be driving the shape of our world. You keep bringing up how the US has the most powerful military in the world, but you keep ignoring the fact that we use that military might to make sure oil is traded in dollars. Yes, Rep. Paul advocates a backed currency. Without backing, the only way to maintain the dollar's value against foreign currencies is to ensure international demand for dollars remains high. If demand wanes and dollars won't buy anything other than American goods, we cannot maintain a trade deficit. No matter what the rate of return on US securities, if the demand for the dollar falls, so does the real value of those securities. Math tutoring available. Only $6! per hour! First lesson: Factorials!

Past history aside, the Christian message is that God loves you enough to get rid of the penalty of sin, and the driving force is love. The Muslim message is all about submission through fear and intimidation. They don't consider lying and murder a sin. Same God. I think not. I'm sure if you studied Islam you would find that the Muslim message is not all about submission through fear and intimidation. Talk to a few of them about their beliefs. They are usually quite willing to help dispel common myths of their religion. Second, Allah and Yahweh are the same entity. Both religions are descended from Judaism. Math tutoring available. Only $6! per hour! First lesson: Factorials!

What makes you think NK is more likely to use nuclear weapons than any other nuclear power? Math tutoring available. Only $6! per hour! First lesson: Factorials!

God is like a mountain summit. Religion is like a path up the mountain. All the paths lead to the same summit. Which path is personal preference, and does not affect the ultimate destination. I voted Other. Math tutoring available. Only $6! per hour! First lesson: Factorials!

What evidence do you have to suggest this? Math tutoring available. Only $6! per hour! First lesson: Factorials!

WTF is wrong with dopers? Math tutoring available. Only $6! per hour! First lesson: Factorials!

That's the issue here. Just because someone writes an article saying something doesn't make it a fact. Saying that we're striving for an oil-based currency is not much different than saying we should have a gold-based currency. It's simply not the case. The Euro-based oil trading system argument is crock. We have a thriving FX (foreign exchange) market on this planet. It doesn't matter what currency you trade things in. You don't seem to grasp the fact that a backed currency will have more demand than an unbacked currency. While backing the dollar with gold would be nice, the best we do right now is back it with oil. We use our military and political strength to make sure that oil is traded in dollars. But don't take my word for it. Here is a Republican's thoughts on the subject, offered more recently, since you felt a two year old article was "old." Math tutoring available. Only $6! per hour! First lesson: Factorials!

He is a student. Read his profile. Your replies are simplistic, and there is no analysis required to reach that conclusion. kallend, I keep expecting more from you, and clearly that's my issue. Guess my expectations are too high. Yes, I am a student. That does not, however, make my argument any less legitimate. As Kallend pointed out, respected economists share viewpoint similar to mine. If you want to try to refute my argument, please use facts, and not try to discredit me because I am in school. Remember, just because one is no longer in school doesn't imply he already knows everything. Math tutoring available. Only $6! per hour! First lesson: Factorials!

And what do we do with those aircraft carriers? We make sure we have an oil backed currency. Math tutoring available. Only $6! per hour! First lesson: Factorials!

This is not even his first death sentence. He was sentenced to death before he took power. If that is any indication, it might take a while. Math tutoring available. Only $6! per hour! First lesson: Factorials!

The goal is not to own the oil; the goal is to see to it that the oil is traded for US dollars. If we do not artificially prop up the international demand for dollars we cannot sustain our trade deficit. We have a tendency to dislike any oil exporting country that doesn't want to trade oil for dollars. Iraq was one of those countries. Iran is another. Math tutoring available. Only $6! per hour! First lesson: Factorials!

And a couple more. (see attached) Math tutoring available. Only $6! per hour! First lesson: Factorials!

Not if Halliburton writes the history books. Math tutoring available. Only $6! per hour! First lesson: Factorials!

Besides potatoes, what were the other reasons, again? Math tutoring available. Only $6! per hour! First lesson: Factorials!

In the menu bar, click on: Insert --> File Choose your file. (This was done with Office 2004. I don't know if 2003 version works exactly the same way.) Math tutoring available. Only $6! per hour! First lesson: Factorials!

Would it be President and Mr. Clinton, President and former President Clinton, or just Presidents Clinton? Math tutoring available. Only $6! per hour! First lesson: Factorials!

He should consider a Congressman. Math tutoring available. Only $6! per hour! First lesson: Factorials!

I agree that the government wastes a lot of money. However, private industry wastes a lot of money, also. It is not exclusive to government. Math tutoring available. Only $6! per hour! First lesson: Factorials!

The info came from a Macro-economics book (with an extreme libertarian bias) which I no longer own. The government puts the money back into the economy, also. But, if the consumer keeps the money, some will be saved, often in bank savings accounts. When banks receive deposits, they are required by law to keep a certain percentage of the funds on hand. The money that is kept on hand due to these reserve requirements is NOT put back into the economy. Math tutoring available. Only $6! per hour! First lesson: Factorials!

Let's see... I can change the tax rate from %13 to 15% and get $2 more per $100 out of this guy every week, OR, he can spend that $2 per hundred, and I can get $13 per hundred out of the guy that gets hired to take care of new customers at the bookstore he spent the money at, AND $13 per $100 for the guy at the grocery store that got laid on as a night stocker because people were able to afford more things... and so on, and so on.... What a great rhetorical explanation. If only it took into consideration the effects of the government spending the $13 or $15 back into the economy. Please show how the gov't can make that 2% improve as many lives as the consumer spending that 2%. Better yet, explain the logic that suggests the consumer spending the money will contribute more to the economy than the government spending the same amount of money? And, as I previously stated, government spending has a greater aggregate benefit to the economy than does private spending. Math tutoring available. Only $6! per hour! First lesson: Factorials!

Let's see... I can change the tax rate from %13 to 15% and get $2 more per $100 out of this guy every week, OR, he can spend that $2 per hundred, and I can get $13 per hundred out of the guy that gets hired to take care of new customers at the bookstore he spent the money at, AND $13 per $100 for the guy at the grocery store that got laid on as a night stocker because people were able to afford more things... and so on, and so on.... What a great rhetorical explanation. If only it took into consideration the effects of the government spending the $13 or $15 back into the economy. Math tutoring available. Only $6! per hour! First lesson: Factorials!

What the hell do nuclear secrets have to do with anything? It's nukular proliferation we are trying to stop.* *except for Israel. They can have their weapons and defy UNSC resolutions without consequence. Math tutoring available. Only $6! per hour! First lesson: Factorials!

You are aware that government spending has a greater aggregate benefit to the economy than does private spending, right? Math tutoring available. Only $6! per hour! First lesson: Factorials!

No, you just implied it. My bad. I thought this was a public forum. My mistake. It is... you asked a question, I answered it and asked another one in turn...you tried to avoid answering by saying "where did I say that" Allow me to rephrase my answer: No. Math tutoring available. Only $6! per hour! First lesson: Factorials!

No, you just implied it. My bad. I thought this was a public forum. My mistake. Math tutoring available. Only $6! per hour! First lesson: Factorials!