Re: I creamed my pants....
I wissssssssshh I could understand 'anything' of this post. I feel like a jahil. Oye doppaayy explain shaabaash.
Re: I creamed my pants....
Paper money was introduced for one purpose only. It was lighter and, therefore, easier for us to lug it around. So uncle sam told us one day to deposit our gold coins in the central bank and get dollars in good faith (which is nothing more than a receipt for your gold). We all did with the understanding that one could go to the bank anytime, produce one’s dollar bill and get one’s gold coin back. We trusted dear old uncle sam.
In order for the system to work, however, Uncle Sam could not print dollars without backing it up with gold. How could they, right? I mean doing so would erode the value of dollar bills, right? If PCG deposited a gold coin in central bank and got a dollar bill (reciept), and if then I, the Govt., printed another dollar without backing it up with gold and gave it to Sara, we would now have two dollar bills for one gold coin, hereby screwing PCG. But the sad reality is that Uncle Sam does it all the time and this causes inflation (price go up).
We are currently running a huge trade deficit with China and the rest of the world, which means we buy more of their products than they buy ours. We, therefore, owe them (dollars) money big time. Let's say pakistan runs a trade deficit with China and owes them too. Would the chinese accept pakistani rupee as payment? heck no. They have no use for it. They will fling it in your face. But American dollars? Yes, that they take. Do you know why? Because ALL crude oil transactions happen in dollars ( We americans made a deal with our Saudi lapdogs in the 70s to buy and sell oil in dollars and no other currency). So, if china needs to buy oil -- they have a voracious appetite for it -- they need Dollars ($$$). So, all we americans have to do is run up a trade deficit, sit on our collective fat asses and print some dollars (which cost nothing) and pay the chinese for their cheap products. And the chinese gladly accept it.
Iraq, Venezuela and Iran wanted to change the oil currency from dollar to euro, which would mean the chinese now would need euro to buy oil and would fling the dollar in our fat american faces, implying a crash of the dollar (due to less demand). We wouldn't let it happen. We culdn't let it happen.
Iran also wants to open an oil bourse (exchange) to trade in euros, so as to bypass the dollar. This is supposed to benefit the Eurosavages and have a detrimental effect on the dollar.
M3, which is a number that broadly tracks how much money govt is printing, gives us an idea of current and upcoming inflation rates. With that number gone, my tinfoil theory says, Govt is trying to hide the fact that inflation is coming.
Another conspiracy theory. Iran plans to start the oil bourse (exchange) in march 21, 2006. Israel wants to attack Iran in March. M3 disappears in March 23, 2006.
TINFOIL ALERT.
Re: I creamed my pants....
dope, stop trying to impress the ladies here by your fancy talk of bling and big words like "inflation".
Re: I creamed my pants....
dudette methinks
Re: I creamed my pants....
lusi if u think inflations a big word then i dont know wht to say