October 06, 2009, 22:12

USA has unlimited reserves of currency. Every second we breath, debtor nations in undeveloped countries pay off debt constantly. This everlasting debt undeveloped countries have with the USA was artificially created by the various dictators that USA has supported in the past. USA steals from the poor to give to itself. For every second that is past, more raw materials and money arrive to the worlds richest nation. Unpayable foreign loans given by the IMF, world bank and USA towards poor nations are only to exploit them. USAsians should know this, but most of them are proud ignorants. USA is a nation that will never go bankrupt.

July 08, 2009, 01:53

I feel our only hope it to attempt to stock up what we can until this passes. How many years will it take? Will it ever recover?

July 07, 2009, 00:02

The media in America is so corrupted that 60% of Americans have never heard of the issues talked about in this Russia Today article. Those are the 60% that still rely on MSM. Of the 40% who have heard of these issues, about 90% of them are fooled by what is printed in the higher level propaganda press.

The Russians can help those of us who know what is going on. They can pressure their government to never buy US debt again. If the dollar falls more in the coming years then precious metals will benefit.

July 06, 2009, 18:06

Few learn from history. I remember when Vlad Posner was the only Russian I would hear of - on talk radio late at night (well, he was an American ex-pat, but he worked for pravda after he went to Russia). He was asked what freedom meant in the Soviet Union - he said it was the right to do what your government wanted.

Well, it seems that every country has to learn things the hard way. Here we see that Russians have apparently learned what US citizens are now about to learn.

But I still think it's ironic that there's more truth coming from Russia on economics than in the land of the free (to do what your government wants :).

July 06, 2009, 12:00

The only way out of this is to re balance the economy away from unproductive consumption (waste) and towards productivity. Those who forcefully maintain a monopoly on this choice see their survival as requiring increased resources for their unproductive consumption. They will not let go or face the truth that they, a parasite has outgrown the host whom is now terminally ill.

"Mathematics of Rule" easily proves where this is and MUST lead

Bill Ross
(Electronics Design Engineer)

July 06, 2009, 10:53

Since our US government switched from the free market to centralized control our economy has needlessly spiraled lower and lower. We are part the point of recovery unless the free market can again gain an upperhand, which is doubtful. No nation has ever PRINTED its was to prosperity, in fact the idea has always failed without a single exception. Rather than stimulus, we need a limited money supply such as gold AND we need to do away wuth the fraud of fractional reserve banking. Of course this would mean government control would disappear except for criminal activity control. Politicly however those in power would never want their power decreased. That seems to be the greatest flaw in the human character, and this defect is world wide in scope.

July 06, 2009, 09:28

Imagine a man who weighs 100kg's walking with a 40kg pack on his back. This approximates the average western economy in which 40% of GDP is taken by the government. Now imagine this man begins climbing a long hill. What is the proper way to relive the burden he already carries, and thus enable him to surmount the obstacle before him? Is it to increase the burden he bears or to decrease it?
Since the answer is obvious to anyone over the age of 5, governments prefer to inflate the money supply rather than to tax directly. They further like to pretend that monetary inflation is not a tax. But since it removes value owned by prior currency holders and transfers that value to the government, it really IS a tax. Given the unprecedented levels of government deficit spending of late, and the associated mind-boggling eye-watering levels of currency creation, the man climbing the long hill of monetary implosion is now carrying 80 to 100kg's on his back.

How far can he carry this burden?

Depends on the man, but most of us know this answer, too:

"Not far"