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Greenspan: Effective demand as weak as during Depression
CNBC ^

Posted on 02/26/2015 5:41:52 PM PST by Red in Blue PA

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To: Mariner
You are correct. NAFTA was unacceptable to the Democrats in the 1990s with their heavy unionization. Canada, Mexico and the US would form another European type Union, issuing the American Dollar (or Dollar of the Americas). After assembling the NAFTA with currency, North America would extend its trade zone into South America with 100% membership.

Not enforcing the US border is implementation of NAFTA by the Democrats; with nearly 1/2 of the Democrat the Black populace, adding the Brown populace would give them a commanding lead of the Independents and Republicans.

A new currency is indeed in order, that is short order.

21 posted on 02/26/2015 7:38:06 PM PST by Jumper
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To: Mariner
No National Regime has survived a currency collapse. Ever.

That is true by definition. When the value of the regime's money approaches zero no one will life a finger to preserve or defend it.

22 posted on 02/26/2015 8:16:13 PM PST by The Duke
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To: Red in Blue PA

23 posted on 02/26/2015 8:59:21 PM PST by clearcarbon
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To: Red in Blue PA

Yes, this is a depression, but it’s not in the late stages. We have about 8-9 years to go. So far it has taken a shallower path than the Great Depression, which makes sense given the demographics involved.

Depressions always exact their price. They also always end, and are followed by much better economic times.

Fortunes and being made even now. Fortunes tend to be seeded during depressions and blown during booms. There are opportunities out there, and there will be more coming.


24 posted on 02/26/2015 9:16:55 PM PST by SaxxonWoods (Life is good.)
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To: Red in Blue PA
Stock crash, coming by this September.


25 posted on 02/27/2015 2:52:40 AM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: Mariner
(My original) What happens when those bonds need to be paid back?

(Your reply) Are you crazy or just joshin' us?

What is it you think I was trying to say that brought about that response?

Of course it's going to be a mess. Anyone who can think this policy through would reach that conclusion.

26 posted on 02/27/2015 3:41:56 AM PST by TwelveOfTwenty (See my home page for some of my answers to the left's talking points.)
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