Comments on: The Debt Bomb Boogie http://splendidmarbles.com/2009/07/10/commentary/the-debt-bomb-boogie/ cartoons and commentary Sat, 13 Mar 2010 10:42:44 -0700 http://wordpress.org/?v=2.9.1 hourly 1 By: Sandy http://splendidmarbles.com/2009/07/10/commentary/the-debt-bomb-boogie/comment-page-1/#comment-6775 Sandy Mon, 13 Jul 2009 18:29:32 +0000 http://splendidmarbles.com/?p=2755#comment-6775 Russia refused transfer to the Euro. Russia has access to many natural resources and gold within their own territory. A new currency outside of the dollar and the Euro would likely depend upon some of the resources/metals that Russia has within their control.And Russia is looking to expand their trading under their rules. Those US oil pipelines are getting mighty close to their borders. Russia refused transfer to the Euro. Russia has access to many natural resources and gold within their own territory. A new currency outside of the dollar and the Euro would likely depend upon some of the resources/metals that Russia has within their control.And Russia is looking to expand their trading under their rules. Those US oil pipelines are getting mighty close to their borders.

]]> By: SplendidMarbles http://splendidmarbles.com/2009/07/10/commentary/the-debt-bomb-boogie/comment-page-1/#comment-6724 SplendidMarbles Mon, 13 Jul 2009 13:04:58 +0000 http://splendidmarbles.com/?p=2755#comment-6724 It is true that we are still the largest military power, but the effectiveness of our might has been called into question due to Iraq and now Afghanistan. The BRIC nations, especially China, hold a huge amount of our debt, and they still rely on exports because they have not yet developed a middle class large enough to keep their economies afloat - but they will soon. (Note: I don't know why Russia is included in this group; their economy is dependent on energy exports and there is no rule of law to protect international investors.) It is true that we are still the largest military power, but the effectiveness of our might has been called into question due to Iraq and now Afghanistan. The BRIC nations, especially China, hold a huge amount of our debt, and they still rely on exports because they have not yet developed a middle class large enough to keep their economies afloat – but they will soon. (Note: I don’t know why Russia is included in this group; their economy is dependent on energy exports and there is no rule of law to protect international investors.)

]]> By: Sandy http://splendidmarbles.com/2009/07/10/commentary/the-debt-bomb-boogie/comment-page-1/#comment-6715 Sandy Sun, 12 Jul 2009 00:12:32 +0000 http://splendidmarbles.com/?p=2755#comment-6715 China + Russia + India are united in their proposal for a global currency. All are busy stockpiling resources, along with metals and gold. The IMF has said that the dollar could be replaced as the world's trading currency. Our trading partners do not need us now. We are a debtor nation. Our trading partners tolerate us because we're a military nation. China + Russia + India are united in their proposal for a global currency. All are busy stockpiling resources, along with metals and gold. The IMF has said that the dollar could be replaced as the world’s trading currency. Our trading partners do not need us now. We are a debtor nation. Our trading partners tolerate us because we’re a military nation.

]]> By: SplendidMarbles http://splendidmarbles.com/2009/07/10/commentary/the-debt-bomb-boogie/comment-page-1/#comment-6714 SplendidMarbles Sat, 11 Jul 2009 14:20:52 +0000 http://splendidmarbles.com/?p=2755#comment-6714 China is pushing for a new reserve currency, sighting the instability the US has wreaked over the past year. But, they don't want the dollar to crash because they hold so many US Treasury notes. The US, with it's inflated currency, is the bad bank that's too big to fail. Our trading partners need us right now, but we are fast losing influence and clout. In 5-10 years, the dollar may be replaced as the global reserve currency. China is pushing for a new reserve currency, sighting the instability the US has wreaked over the past year. But, they don’t want the dollar to crash because they hold so many US Treasury notes. The US, with it’s inflated currency, is the bad bank that’s too big to fail. Our trading partners need us right now, but we are fast losing influence and clout. In 5-10 years, the dollar may be replaced as the global reserve currency.

]]> By: Sandy http://splendidmarbles.com/2009/07/10/commentary/the-debt-bomb-boogie/comment-page-1/#comment-6709 Sandy Sat, 11 Jul 2009 03:23:43 +0000 http://splendidmarbles.com/?p=2755#comment-6709 Here's link to the "Unity in Diversity" coin: http://www.bloomberg.com/apps/news?pid=20601087&sid=aeFVNYQpByU4 Here’s link to the “Unity in Diversity” coin:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aeFVNYQpByU4

]]> By: Sandy http://splendidmarbles.com/2009/07/10/commentary/the-debt-bomb-boogie/comment-page-1/#comment-6707 Sandy Sat, 11 Jul 2009 00:12:13 +0000 http://splendidmarbles.com/?p=2755#comment-6707 Not to worry. The G-8 got a sneak peek at the new global currency. The coin's motto is "Unity in Diversity".... whatever the hell that means. Not to worry. The G-8 got a sneak peek at the new global currency. The coin’s motto is “Unity in Diversity”…. whatever the hell that means.

]]> By: Julia http://splendidmarbles.com/2009/07/10/commentary/the-debt-bomb-boogie/comment-page-1/#comment-6703 Julia Fri, 10 Jul 2009 19:02:23 +0000 http://splendidmarbles.com/?p=2755#comment-6703 This is a serious problem, we're being led around by idiots who don't care about our country. This is a serious problem, we’re being led around by idiots who don’t care about our country.

]]> By: SammyBoy http://splendidmarbles.com/2009/07/10/commentary/the-debt-bomb-boogie/comment-page-1/#comment-6702 SammyBoy Fri, 10 Jul 2009 18:50:47 +0000 http://splendidmarbles.com/?p=2755#comment-6702 We are sooo screwed - i can hear the music 2. We are sooo screwed – i can hear the music 2.

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