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NASA Orbiter Reveals Details of a Moister Mars
Matt_dk writes "NASA's Mars Reconnaissance Orbiter has observed a new category of minerals spread across large regions of Mars. This discovery suggests that liquid water remained on the planet's surface a billion years later than scientists believed, and it played an important role in shaping the planet's surface and possibly hosting life."
So the dollar is strengthening, making foreign goods cheap. We rely on cheap foreign goods, so this is a good thing, right? Wrong. It's only temporary. The dollar is strengthening because foreign banks are liquidizing debt held in dollars. Basically they are paying back debts and pulling stocks out of stock markets, temporarily driving up the demand for the dollar by demanding them to pay back debts in dollars. Remember, banks have slowed down the rate at which they lend out money. Once the capitulation reaches a peak, the dollar will fall like a rock as there will be no more dollars needed to unwind debt and foreigners will be adverse to taking on new U.S. debt for obvious reasons.
Don't be surprised if $1 USD will be worth 50 or even 30 eurocents in the next decade, or tariffs imposed to that effect which will raise the cost of foreign goods. It will be welcome news to the U.S. economy which will need a new wave of investment to counteract unemployment.
There are many losers around the world who will be angry in this process, and they will want to blow shit up. Don't be surprised if we have another cold war, or worse yet, start WWIII.
GDP uber alles, raise it at any cost! Wars increase economic activity by creating things to replace things that have blown up (bombs, bridges, etc). Warmongers may well persuade us to become the window repair man who moonlights as a window smasher to increase business. Never mind our standard of living will plummet as some of us face our deaths in foxholes as others bust our asses building bombs, ceding household goods in the name of the war effort, and living at subsistence levels.
Remember, you read it here first.
- Profit Bob
I was really excited until I realized it was "moister", not "monster".
Bummer.
"As God is my witness, I thought turkeys could fly." A. Carlson
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