It is currently Sat May 11, 2024 8:30 pm
Unless you want to go back to the barter system, someone is setting the 'credit of currency'.
This has as much to do with globalization as it does with democracy, or islam, or christianty. People can abuse most government actions, this included.
There is a difference between globalization and a central government.
Mango wrote:Yeah, I missed the gold standard bit. The finance system isn't my forte, by I know enough about the various dodges.
The plain fact is that the US economy worked at its best when it was allowed to create debt-free notes, such as Lincoln's greenbacks. History has shown what mess a privately run central bank creates. Look at how much debt the US is in, and it just keeps creating more by getting loans from the "federal" reserve. They just print that money out in sheets, it isn't based on anything. It's just more debt-based money that has cost the bankers nothing to produce. Watch Money Masters, see the argument and then come and discuss these issues.
Proven history does not lie.
5eyes wrote:USA is currently in about 9 trillion dollars in (external) debt, increasing by billions a year (i think somewhere it said 500 billion -_- )
UK 7 trillion
Germany 3.6 trillion
France 2.8 trillion
Netherlands 1.6 trillion
Australia 323 billion
China 253 billion
Russia 215 billion
--World-- 37 trillion (sum of ALL countries)
...wtf? someone care to explain economics to me? USA and the UK account for 43% of the worlds debt... off topic a bit?
dunno where you get those figures from, but i know from atleast the Netherlands its wrong (NL=€220billion (source), not 1.6 trillion dollars (not it the least ). Havent looked up the other numbers5eyes wrote:USA is currently in about 9 trillion dollars in (external) debt, increasing by billions a year (i think somewhere it said 500 billion -_- )
UK 7 trillion
Germany 3.6 trillion
France 2.8 trillion
Netherlands 1.6 trillion
Australia 323 billion
China 253 billion
Russia 215 billion
--World-- 37 trillion (sum of ALL countries)
...wtf? someone care to explain economics to me? USA and the UK account for 43% of the worlds debt... off topic a bit?
Persol wrote:Mango, I'm not going to continue to respond to conspiracy theories. Enjoy your reality.
Dead-Inside wrote:We don't do shit "American Style".
zombie@computer wrote:dunno where you get those figures from, but i know from atleast the Netherlands its wrong (NL=€220billion (source), not 1.6 trillion dollars (not it the least ). Havent looked up the other numbers
also, its stupid to look at absolute numbers, better to see them in %gdp
http://en.wikipedia.org/wiki/List_of_co ... ublic_debt
(source)(Wikipedia)(Wiki's source)CIA World Factbook wrote:Netherlands
Debt - external:
$1.645 trillion (30 June 2005)
Sorrow wrote:Dead-Inside wrote:We don't do shit "American Style".
which ofcourse, is good.
People link Globalization with Americanization, which isn't far from the truth, even now American influences are becoming more and more apparent in my daily life and our culture. hmph as far as Holland has any culture anyway.
The process of globalization sees to it that in a cultural aspect, cultures get intertwined and everything/body becomes more like a uni-citizen rather than a Frenchmen or Polish guy, now you can argue that this is good or bad... but I don't know really.
err ok well I'm not entirely sure what to say I'll let you counter me or come up with something else
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