Flying in the US may become even less pleasant - Page 2

ashatumar · 09-21-2007, 06:22 PM

/derail

Since we're talking about ineffective terrorism prevention... the alarms in the NYC subway system go off quite often, with people either ignoring them, or tourists standing around waiting for some excitement to take place. Cops/MTA staff/etc are typically MIA -- that frightens me.

NYC Mass transit has a neighborhood watch program called "If you see something, say something" wherein you call if you see something suspicious. There's an ad on the subways and trains right now stating that "1944 (?) people saw something, and said something last year." To me, this could mean two things:

Only 1944 people bothered to call in during the entire term of 2006, or 1944 threats were legitimized and handled accordingly. 1944 means just over 5 legitimate threats a day. If these are stats above and beyond day to day NYC crime, that's pretty scary to me.

Either way, that's disturbing.

/derail off

GrobbeeTrull2.0 · 09-21-2007, 06:23 PM

Are you disputing the declining value of the dollar? Or is every other currency in the world just doing that awesome?

Tolanin · 09-21-2007, 07:00 PM

Quote:

Originally Posted by GrobbeeTrull2.0

Are you disputing the declining value of the dollar? Or is every other currency in the world just doing that awesome?

falling dollar and imminent collapse of the country are entirely different things.

I dont see any legitimate economists who think we are in danger of a currency collapse.

And yes other countrys are doing awesome, the euro is a much stronger currency than all the seperate ones were.

Cybsled · 09-21-2007, 07:10 PM

I wanted to visit my cousin in Rome this year, but fuck losing %40 of my money. F this stupid shit ass devalued dollar.

Burkex · 09-21-2007, 07:32 PM

Quote:

Originally Posted by Cybsled

I wanted to visit my cousin in Rome this year, but fuck losing %40 of my money. F this stupid shit ass devalued dollar.

That's my point exactly.

Not sure about that "Stuff" comment.

Millie · 09-21-2007, 09:31 PM

Quote:

Originally Posted by Tolanin

I dont see any legitimate economists who think we are in danger of a currency collapse.

If you read things like Wall Street Journal, Forbes, Bloomberg, etc., you'd know that it's not only being discussed as a possibility, but it's being discussed as something we're already in the midst of by very many economists and analysts. People have already written books about it, too.

naked capitalism: Has the Repudiation of the Dollar Begun?

TomPaine.com - Preventing Economic Collapse

Fire Up the Printing Press

Donklephant » Blog Archive » More Dollar Worries: Euros, Canadians & Saudis

Free Article - WSJ.com

Wall Street Journal: Weiss Ranked #1

Fears of dollar collapse as Saudis take fright - Telegraph

Amazon.com: The Dollar Crisis: Causes, Consequences, Cures: Books: Richard Duncan

Economics Blog : Economists React: 'Worse to Come'

Amazon.com: The Coming Collapse of the Dollar and How to Profit from It: Make a Fortune by Investing in Gold and Other Hard Assets: Books: James Turk,John Rubino

Millie · 09-21-2007, 09:33 PM

Quote:

Originally Posted by GrobbeeTrull2.0

Are you disputing the declining value of the dollar? Or is every other currency in the world just doing that awesome?

Was that question addressed to me? Because I talked at length about the devaluation of the dollar. So maybe you're misreading me? Or maybe your question was meant for someone else?

Millie · 09-21-2007, 09:36 PM

Econ 101: If you print more currency, the value of currency decreases. Bernanke is printing money like it's going out of style. His strategy is to decrease the value of the dollar in an attempt to lure foreign investment to the US and/or foreign importation of US-produced goods (and also to bail out hedge funds and i-banks who packaged subprime mortgages and are now butt-hurt as a result). It's not working, and while it may not result in a currency collapse (that's still up in the air, but seeming more likely every week), it will almost certainly cause a recession and/or aggravate existing economic problems brought about by the liquidity crisis on Wall Street and the housing crisis nationwide.

The Euro is also set to overtake the dollar as the reserve currency of choice worldwide. This will have ENORMOUS consequences (none of them positive) for our economy.

Cadrid · 09-21-2007, 09:42 PM

Bernanke is a goon. He can't even answer a simple question about the morality of what the Fed is doing when Ron Paul grills him on the issue (here). "Oh, we know inflation is bad and we'll be vewy vewy careful. Trust us!"

It's just another step towards a depression and possible anarchy generated by the furious and financially disenfranchised middle and working class.

Millie · 09-21-2007, 09:44 PM

In fairness, Greenspan had his hands in this fuckup as well. Greenspan basically lent his intellectual credibility to Bush's wartime tax cuts on the wealthy, which is basically the dumbest thing you can do as president. You never cut taxes in wartime. Never ever ever. Greenspan should have known better.

Edit: Before someone tries debating this point, let me state preemptively that Bush is the first president in US history to cut taxes in wartime. This is a matter of fact and not of opinion.

Obligatory supporting link: BW Online | April 7, 2003 | War Is Hell--on Bush's Big Tax Cut

Millie · 09-21-2007, 09:49 PM

And with that, I apologize for further derailing the thread. Back to your regularly scheduled "flying in the US" debate. I'm out.

Cadrid · 09-21-2007, 09:54 PM

At least Greenspan can play the senility card.

But yes, all these puppeteers are to blame for mismanagement of the country's economic stability. It seems like an incompetence bomb went off as soon as Bush entered office, killing the braincells of leaders all over the country; Bush, Cheney, the Attorney General, Gen. Betrayus, The Fed, both houses of Congress...

It's the best-funded ODP program ever.

On-topic: Only the dumbest of the dumb (like our afore-mentioned mentally-barren leaders) would think hi-jacking a jetliner could work as a form of terrorism. Passengers on the plane would overrun and likely kill the would-be hi-jacker(s) before they could finish saying "I'm taking over the plane!"

Burkex · 09-21-2007, 10:11 PM

Quote:

Originally Posted by Millie

The Euro is also set to overtake the dollar as the reserve currency of choice worldwide. This will have ENORMOUS consequences (none of them positive) for our economy.

Sadly if things keep up this will happen soon and then things will be really fucked up. I never thought I'd see the day...

And sorry I believe I was the one who originally derailed this topic because I think this issue is far more serious. I will stop now.

Tolanin · 09-21-2007, 10:30 PM

Quote:

Originally Posted by Burkex

Sadly if things keep up this will happen soon and then things will be really fucked up. I never thought I'd see the day...

And sorry I believe I was the one who originally derailed this topic because I think this issue is far more serious. I will stop now.

i mean the euro hasnt been around long at all, its not surprising that the euro and dollar and competing in that arena since both are backed by large stable nations/groups. The EU as an organization is still far less time tested than the US.

Oh and when has a fed chairman ever answered questions when being badgered by some lunatic like ron paul, never?

Astrocreep · 09-21-2007, 10:37 PM

If its easier to spend in america wont more people abroad want to use the US as a resource for cheap goods like we do in china? Isnt that a plus? I honestly dont see a downside like some of you doom and gloomers do. Does anyone here feel financially repressed by today's economy?

09-21-2007, 07:10 PM	#19 (permalink)
Cybsled Registered User Join Date: Feb 2002 Posts: 10,277 +49 Internets	I wanted to visit my cousin in Rome this year, but fuck losing %40 of my money. F this stupid shit ass devalued dollar. __________________ Training the citizens of Norrath from 1999-2003!

09-21-2007, 09:54 PM	#27 (permalink)
Cadrid Registered User Join Date: Oct 2003 Location: Acton, Massachusetts Posts: 1,832	At least Greenspan can play the senility card. But yes, all these puppeteers are to blame for mismanagement of the country's economic stability. It seems like an incompetence bomb went off as soon as Bush entered office, killing the braincells of leaders all over the country; Bush, Cheney, the Attorney General, Gen. Betrayus, The Fed, both houses of Congress... It's the best-funded ODP program ever. On-topic: Only the dumbest of the dumb (like our afore-mentioned mentally-barren leaders) would think hi-jacking a jetliner could work as a form of terrorism. Passengers on the plane would overrun and likely kill the would-be hi-jacker(s) before they could finish saying "I'm taking over the plane!" Last edited by Cadrid; 09-21-2007 at 10:01 PM..

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09-21-2007, 06:22 PM	#16 (permalink)
ashatumar R gis er d Us r Join Date: Apr 2004 Posts: 688 +3 Internets	/derail Since we're talking about ineffective terrorism prevention... the alarms in the NYC subway system go off quite often, with people either ignoring them, or tourists standing around waiting for some excitement to take place. Cops/MTA staff/etc are typically MIA -- that frightens me. NYC Mass transit has a neighborhood watch program called "If you see something, say something" wherein you call if you see something suspicious. There's an ad on the subways and trains right now stating that "1944 (?) people saw something, and said something last year." To me, this could mean two things: Only 1944 people bothered to call in during the entire term of 2006, or 1944 threats were legitimized and handled accordingly. 1944 means just over 5 legitimate threats a day. If these are stats above and beyond day to day NYC crime, that's pretty scary to me. Either way, that's disturbing. /derail off

09-21-2007, 06:23 PM	#17 (permalink)
GrobbeeTrull2.0 Registered User Join Date: Sep 2007 Location: Dayton, Ohio Posts: 4,172	Are you disputing the declining value of the dollar? Or is every other currency in the world just doing that awesome?

09-21-2007, 09:36 PM	#23 (permalink)
Millie A Relic Join Date: Jan 2002 Posts: 5,873	Econ 101: If you print more currency, the value of currency decreases. Bernanke is printing money like it's going out of style. His strategy is to decrease the value of the dollar in an attempt to lure foreign investment to the US and/or foreign importation of US-produced goods (and also to bail out hedge funds and i-banks who packaged subprime mortgages and are now butt-hurt as a result). It's not working, and while it may not result in a currency collapse (that's still up in the air, but seeming more likely every week), it will almost certainly cause a recession and/or aggravate existing economic problems brought about by the liquidity crisis on Wall Street and the housing crisis nationwide. The Euro is also set to overtake the dollar as the reserve currency of choice worldwide. This will have ENORMOUS consequences (none of them positive) for our economy.

09-21-2007, 09:42 PM	#24 (permalink)
Cadrid Registered User Join Date: Oct 2003 Location: Acton, Massachusetts Posts: 1,832	Bernanke is a goon. He can't even answer a simple question about the morality of what the Fed is doing when Ron Paul grills him on the issue (here). "Oh, we know inflation is bad and we'll be vewy vewy careful. Trust us!" It's just another step towards a depression and possible anarchy generated by the furious and financially disenfranchised middle and working class.

09-21-2007, 09:44 PM	#25 (permalink)
Millie A Relic Join Date: Jan 2002 Posts: 5,873	In fairness, Greenspan had his hands in this fuckup as well. Greenspan basically lent his intellectual credibility to Bush's wartime tax cuts on the wealthy, which is basically the dumbest thing you can do as president. You never cut taxes in wartime. Never ever ever. Greenspan should have known better. Edit: Before someone tries debating this point, let me state preemptively that Bush is the first president in US history to cut taxes in wartime. This is a matter of fact and not of opinion. Obligatory supporting link: BW Online \| April 7, 2003 \| War Is Hell--on Bush's Big Tax Cut

09-21-2007, 09:49 PM	#26 (permalink)
Millie A Relic Join Date: Jan 2002 Posts: 5,873	And with that, I apologize for further derailing the thread. Back to your regularly scheduled "flying in the US" debate. I'm out.

09-21-2007, 10:37 PM	#30 (permalink)
Astrocreep Flings doodoo and poopoo Join Date: Jun 2002 Location: NYC Posts: 5,730	If its easier to spend in america wont more people abroad want to use the US as a resource for cheap goods like we do in china? Isnt that a plus? I honestly dont see a downside like some of you doom and gloomers do. Does anyone here feel financially repressed by today's economy?