"That is of course unless it turns itself into North Korea - a basically military state where the population lives in agrarian poverty and all of the money goes to the military and the bankers who are the government."
I saw an interesting article recently that showed that the deer hunters in 5 states(combined) over one weekend were larger than and standing army on the planet that weekend. One state alone had 700,000 hunters out with guns. Considering the fact that the grunt force in the military comes from the lower economic bracket, I expect decades or carnage before that ever happens. The US has been unsuccessful in Afghanistan and Iraq. The US only wins brute force wars. They never win against populations.
"Our dollar goes down we pay more, our dollar goes up we pay more. This is how most normal everyday people see economics. Please, why is our dollar overvalued? Why should our dollar be worth less against a currency that is from a decaying society that exploits the world for it's own gain? We have ridden through this financial crisis better than most developed countries yet our dollar is overvalued? Overvalued against what?"
Overvalued compared to everyone else whose economies are on fire? We have good fundamentals, but -only- until China cuts back on importing resources it doesn't need. The do this so they can offload US debt before it devalues. After that our property bubble goes pop, out banks stagger under the loss of capital and then we, the tax payer props them up via the RBA (No vote needed). Our dollar is no overvalued. The market revalues it every second of the day. Then the dollar will be a whole lot lower, as our debt to GDP ratio is worse than Ireland.
I saw an interesting article recently that showed that the deer hunters in 5 states(combined) over one weekend were larger than and standing army on the planet that weekend. One state alone had 700,000 hunters out with guns. Considering the fact that the grunt force in the military comes from the lower economic bracket, I expect decades or carnage before that ever happens. The US has been unsuccessful in Afghanistan and Iraq. The US only wins brute force wars. They never win against populations.
"Our dollar goes down we pay more, our dollar goes up we pay more. This is how most normal everyday people see economics. Please, why is our dollar overvalued? Why should our dollar be worth less against a currency that is from a decaying society that exploits the world for it's own gain? We have ridden through this financial crisis better than most developed countries yet our dollar is overvalued? Overvalued against what?"
Overvalued compared to everyone else whose economies are on fire? We have good fundamentals, but -only- until China cuts back on importing resources it doesn't need. The do this so they can offload US debt before it devalues. After that our property bubble goes pop, out banks stagger under the loss of capital and then we, the tax payer props them up via the RBA (No vote needed). Our dollar is no overvalued. The market revalues it every second of the day. Then the dollar will be a whole lot lower, as our debt to GDP ratio is worse than Ireland.
Told me it was a Kookaburra, asked me if I knew what that was, said yes, then he gave it to me. Yep, RAM sterling proof from the birds of aust series with a kook on it, $49. Told me it was only sterling, I should be collecting gold. He asks why don't I collect gold? I snaffle most of the gold that comes in here he says. Told him i can't afford it. "You collect silver he asks?" Yep. Showed me some foreign coins which were 0.900, I didn't recognize them, didn't want em at $49 ea either. Asked me again "You buy silver? What florins and stuff?" Told him I had a few 66 round 50's and a couple of other bits. "Oh" he says, "they're pretty worthless. You need to collect scrap jewellery then. That's what you need to do."