There is only about ~900 billion paper and coin dollars. There is about ~14 trillion dollars worth of credit supplied by banks. There is about ~55 trillion dollars in total debt, again, supplied by banks. What backs the dollar is the faith that the 14 trillion dollars will some day pay the 55 trillion dollars off.
Doesn't it sound like Ponzi/Pyramid scam on global scale?
Slashdot Mirror
Wish it was true.
Buffett's secretary Bosanek pays a tax rate of 35.8 percent of income, while Buffett pays a rate at 17.4 percent.
http://news.yahoo.com/warren-buffett-secretary-talk-taxes-221442297--abc-news.html
because no other country respects & admires immigrants. http://www.psychologicalscience.org/index.php/news/releases/respect-from-friends-matters-more-than-money-for-happiness-in-life.html
US/EU work visa and outsourced IT & BPO projects must be pegged to Human rights/Caste system in CHINDIA.
http://www.rediff.com/business/slide-show/slide-show-1-tech-apple-workers-forced-to-sign-no-suicide-pledge/20110504.htm
http://news.rediff.com/report/2009/sep/29/un-says-indias-caste-system-a-human-rights-abuse.htm
Extracting OPEC oil is not expensive. It's about $5 per barrel.
Common man pays tax on his income.
Business/investors pay tax on profit.
Extracting oil is not expensive. It's about $5 per barrel.
US is exporting inflation to rest of the world.
https://en.wikipedia.org/wiki/Triffin_dilemma
https://en.wikipedia.org/wiki/Triffin_dilemma
I believe https://en.wikipedia.org/wiki/Ideal_money
is permanent solution to https://en.wikipedia.org/wiki/Triffin_dilemma
are suffering from https://en.wikipedia.org/wiki/Stockholm_syndrome
"Experience is the name everyone gives to their mistakes." --Oscar
"Business owners and investors use systems, rather than their time, to generate income." --Robert Kiyosaki
https://en.wikipedia.org/wiki/Dominant_minority prefer you to be poor/subservient/defenseless so that they can promote their hegemony in the pretext of patriotism/democracy.
Project yourself as a highly skilled wage slave.
Capitalism = Promoting race to the top
Socialism = Preventing race to the bottom
"If it moves, tax it. If it keeps moving(HFT), regulate it. And if it stops moving, subsidize it." --Reagan
Google and Skype should try paying bribes to Ethiopian authorities
"Give me control of a nation's money supply, and I care not who makes its laws." --Rothschild
There is only about ~900 billion paper and coin dollars.
There is about ~14 trillion dollars worth of credit supplied by banks.
There is about ~55 trillion dollars in total debt, again, supplied by banks.
What backs the dollar is the faith that the 14 trillion dollars will some day pay the 55 trillion dollars off.
Doesn't it sound like Ponzi/Pyramid scam on global scale?
Every nation need dollars to buy OPEC oil.
https://secure.wikimedia.org/wikipedia/en/wiki/Nixon_Shock
What happens if US doesn't need anything from rest of the world?
Principal=Collateral,
Collateral=Debt,
Debt=Principal + Interest!
http://bibocurrency.org/English/The%20Scam%20short%20form.htm
https://en.wikipedia.org/wiki/Chiemgauer economy is creating jobs
"You are a product of your environment." --Clement Stone
https://en.wikipedia.org/wiki/Moral_panic
Hasn't he installed http://en.wikipedia.org/wiki/Prey_(software)