Bonfire Neutral Newbie June 30, 2011 Share June 30, 2011 (edited) Edited June 30, 2011 by Bonfire ↡ Advertisement Link to post Share on other sites More sharing options...
Edwardthy 1st Gear June 30, 2011 Share June 30, 2011 means what? Link to post Share on other sites More sharing options...
Ithunk 1st Gear June 30, 2011 Share June 30, 2011 (edited) its the day when most cars coe will expire Edited June 30, 2011 by Ithunk Link to post Share on other sites More sharing options...
Mecontle 1st Gear June 30, 2011 Share June 30, 2011 now i only look for new van coe Link to post Share on other sites More sharing options...
Yewheng Twincharged June 30, 2011 Share June 30, 2011 (edited) means what? It means if US do not raise debt ceiling by 2nd Aug.. than US will have to default USD14+ trillion to pay back the $ to farderal reserve.. and that will led to currency crisis in US.. That's my understanding.. correct me if I am wrong.. Edited June 30, 2011 by Yewheng Link to post Share on other sites More sharing options...
Donut Supercharged June 30, 2011 Share June 30, 2011 US can anytime go down, dragging down the rest of the world..... Link to post Share on other sites More sharing options...
Jman888 Moderator June 30, 2011 Share June 30, 2011 US can anytime go down, dragging down the rest of the world..... Then the question is who on earth will let that happen? Link to post Share on other sites More sharing options...
Yewheng Twincharged June 30, 2011 Share June 30, 2011 Then the question is who on earth will let that happen? It is not the matter of who on earth will let it happen.. it is matter of when do US government has no choice but to do it.. simply put.. if debt ceiling raise again.. and when unempolyment rates get higher and higher and higher and higher inflation and USD currency cointinue drop at fast rate.. riots may occur in future.. and that's when US government has no choice.. Link to post Share on other sites More sharing options...
Sosaria Twincharged June 30, 2011 Share June 30, 2011 They can always print more money . Like in the movies, just need the printing plates! Link to post Share on other sites More sharing options...
Yewheng Twincharged June 30, 2011 Share June 30, 2011 They can always print more money . Like in the movies, just need the printing plates! Print more $ = more inflation.. Too long to explain.. maybe you could watch a short clip of 4mins and you will be better able to understand that why keep printing $ is no good.. Link to post Share on other sites More sharing options...
Sosaria Twincharged June 30, 2011 Share June 30, 2011 Print more $ = more inflation.. Too long to explain.. maybe you could watch a short clip of 4mins and you will be better able to understand that why keep printing $ is no good.. ... Yes, yes, I understand that every dollar must be backed by some guaranteed, stable value, else it's just worthless paper. Which is why I don't understand why in the movies - like the "A-Team" which I recently watched - the bad guys only go for the printing plates in the attempt to print money and get rich I suppose the premise is that for every dollar circulating around, who is to know whether it is backed up by something equally valuable, or not?? It is valuable mainly because of sentiment... i.e. say, a $100 note on the ground, is valuable, because everybody wants to fight for it, pick it up and put in wallet, and shops will accept it, etc. Link to post Share on other sites More sharing options...
Vega Turbocharged June 30, 2011 Share June 30, 2011 US economy is really in a mess. Link to post Share on other sites More sharing options...
Yewheng Twincharged June 30, 2011 Share June 30, 2011 Yes, yes, I understand that every dollar must be backed by some guaranteed, stable value, else it's just worthless paper. Which is why I don't understand why in the movies - like the "A-Team" which I recently watched - the bad guys only go for the printing plates in the attempt to print money and get rich I suppose the premise is that for every dollar circulating around, who is to know whether it is backed up by something equally valuable, or not?? It is valuable mainly because of sentiment... i.e. say, a $100 note on the ground, is valuable, because everybody wants to fight for it, pick it up and put in wallet, and shops will accept it, etc. Now the problem is that with more $ print it only benifit the rich to become richer.. and the poor will face with more inflation.. and once $ is printed it cannot be taken back.. I mean as in whether economy is good or bad.. the $ still circulating around.. and to proper manage $ printing would be actually to print in relate to population increase and productivity and not print $ to buy things that is of non-productivity.. something like that.. Link to post Share on other sites More sharing options...
SimonTan 2nd Gear June 30, 2011 Share June 30, 2011 I remember 2008. The whole world die die will not wish USA to die. The whole world happily agree to what the USA wished to do. Don't worry. Banks and business will be bailed out, as usual to 2008 scenario. Just accumulate cash to buy stocks on 3rd august onwards. I miss out on the $1 citibank last time. Now I am ready to pour on all my monies should a depression scare mongering happen again. I learnt that this world will die die never let major countries go down! Link to post Share on other sites More sharing options...
Yewheng Twincharged June 30, 2011 Share June 30, 2011 I remember 2008. The whole world die die will not wish USA to die. The whole world happily agree to what the USA wished to do. Don't worry. Banks and business will be bailed out, as usual to 2008 scenario. Just accumulate cash to buy stocks on 3rd august onwards. I miss out on the $1 citibank last time. Now I am ready to pour on all my monies should a depression scare mongering happen again. I learnt that this world will die die never let major countries go down! You are taking a big risk.. seriously speaking.. good luck... Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged June 30, 2011 Share June 30, 2011 Frankly If 1 country print more money then it is no good. But if ALL countries print more money, like France, UK Germany, Greece, Japan, China, etc etc This will help to rebalance everything in the world. Heard the story of a Tourist came to a town and got into a Motel ? He place a refundable deposit of $1000 and want to check the town out before he decide to stay. The chain of events therafter is very interesting as this Virtual money help to ease the town debt woes. So this way to resolve this global mess : Print money and everyone pay everyone else with their printed money. Link to post Share on other sites More sharing options...
Yewheng Twincharged June 30, 2011 Share June 30, 2011 (edited) Frankly If 1 country print more money then it is no good. But if ALL countries print more money, like France, UK Germany, Greece, Japan, China, etc etc This will help to rebalance everything in the world. Heard the story of a Tourist came to a town and got into a Motel ? He place a refundable deposit of $1000 and want to check the town out before he decide to stay. The chain of events therafter is very interesting as this Virtual money help to ease the town debt woes. So this way to resolve this global mess : Print money and everyone pay everyone else with their printed money. Eh.. your theory of every country print more $ is a big NONO.. as in if it would to happen, than the rich and poor gap will be even greater and the inflation will be super scary.. like now 1 plate of chicken rice cost $3 ( take for example ).. if every country will to match rate of printing.. than the 1 plate of chicken will no longer cost $3 .. but maybe $30.. and the rich will get more share of $ from more printing of $ and the poor will suffer.. Edited June 30, 2011 by Yewheng Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged June 30, 2011 Share June 30, 2011 Eh.. you theory of every country print more $ is a big NONO.. as in if it would to happen, than the rich and poor gap will be even greater and the inflation will be super scary.. like now 1 plate of chicken rice cost $3 ( take for example ).. if every country will to match rate of printing.. than the 1 plate of chicken will no longer cost $3 .. but maybe $30.. and the rich will get more share of $ from more printing of $ and the poor will suffer.. You don't understand this theory. You cannot use the laws of economics. You have to think out of the box alittle. If 1 country like African country print and print money, their money will experience exponential devaluation But If all countries print money, no country will experience devaluation as it is meant to contra/neutralise their debt position. ↡ Advertisement Link to post Share on other sites More sharing options...
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