Randy
(7 Oct
2010)
"Remember when every STATE in the U.S. issued it's own money, before the Civil War?"
This has been on my mind for a while........
And that money was backed by what? NOTHING! And what happened to all of those state-issued currencies?
Many, if not most, eventually FAILED.
Does that sound like anything happening in today's Global Economic environment?? DA! lol...
You KNOW it's gonna happen......just don't know when.
UPDATE:
The US Dollar, which went UP in value nicely again this year as the
Euro-Debt Crisis got under way in M:ay........that made the world, ONCE
AGAIN......RUN to the US Dollar for safety...and the US Dollar went up
in value very nicely.
But now.....in the past 5 months, it has
slipped back (gone down in relatioship to the Euro) to where it was
before the crisis. Which means the US Dollar slipped (down) by
first 10 cents.....and now quickly, another 10 cents....now at $1.39 to
the Euro. (Low this year was around $1.18!)
Hmmmmmm............
And Gold continues to go to record highs.....
Yet the US Stock market is going up nicely, too.....
BUT.....the WORST forecasts for this year certainly have NOT happened.
I
continue to say.....there is NO total world economic collapse until
when? Until the Rapture.....but economic things and
pressures continue to grow, don't they??
TICK TOCK.......
YFIC,
Randy
PS.....on
a TV show last night, I was reminded that the Germans in the 1930's
were printing money money money.......to pay back their debts from
WWI. Hmmmmm......so in the past 2 years, do you know of any
countries that were going more and more into debt.....to "save" the
world from the "worst economic disaster since the Great
Depression?" Hmmmm "Those who don't know
history....are what? doomed to repeat it." Sooner...or
later!!