[The Duke]

If America comes to its senses then it will recover. Gas may cost $15/gallon, but our sons and daughters will be commanding correspondingly high incomes. Of course those on fixed incomes will suffer horribly, but they won't be the next generation - it will be the current generation.

Of course with all that devaulation we won't be too popular with the folks sitting on all those dollars. If they can't trade those dollars for something of reasonable value then we'll be looking at World War III.

[Nowhere Man]

Of course with all that devaulation we won't be too popular with the folks sitting on all those dollars. If they can't trade those dollars for something of reasonable value then we'll be looking at World War III.

Well, I said a while back where if our international creditors push us into a wall, at some point we might have to act, like an animal who is cornered. Even a kitten or a day old baby chick, when cornered, will fight to the best of there ability. The bad side, if it is us, I can see some future President pushing the button and you see Minuteman III's, B-52's and Tridents take to the skies.

[caww]

I often wonder if that’s why the US/Poroshenko in Ukraine has escalated the shelling in order to provoke Putin into war with the US.

I say this because Brics is already planning and beginning to use their own currency....and so there’s a fight to secure the US Dollar now under threat because without the US being the “World Currency” and control of the “World Payment System”, it looses it’s power to impose sanctions on other countries....which is also a power for US Financial Institutions to prevail over other countries financial institutions.

The fact The EU/Britain/ Germany and Russian representatives are meeting over Ukraine without the US is a stunning development...it’s beginning to look like the Eu and Nations across the ocean have found themselves in a position where they no longer want to comply with the US/Obama’s agenda’s.....and perhaps even go it without the US if it comes to that.

[bgill]

Gas may cost $15/gallon, but our sons and daughters will be commanding correspondingly high incomes

It's all relative. Same as raising the min wage. It does nothing for your buying power. It only hurts the fixed income group.