It’s begining to look alot like Christmas (circa 1939)
CNN & BBC reporting worse October for retailers in ten years.
Bush might have to tell everyone to go shopping again.
Here is a blast from the past.
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You cannot control the decline of a fiat currency that is declining becuase of inflationary and hyper-inflationary pressure- the money is being printed faster than it can be spent and if that was not enough it is funnelled up to a tiny minority. So people who have lost their houses cannot shop, and the homeless vets are not going to shop, and the average person vaccilates between being so filled with terror and filled with acrimony about paying bills that I am surprised anyone goes outside at all or watches TV at all.
And let me make a prediction: once the decline is final, a brave man will come along and suggest the unification of the Americans in a hemispheric bloc along with additional wars.
Jason and I have been predicting United StaMexiCanCentalSouth of America for a while now. At least as long as I started harrassing him about Frightland (it always comes back to that).
Well, if we’d stop crapping around with the interest rate, we just might see a stabilization of the dollar. OK, maybe not that, but the hemorrhaging would probably slow to a trickle.
We have more ills than our currency, but if that doesn’t at minimum stabilize, let alone strengthen, then any other solutions will be crap, because we wouldn’t be able to afford it.
Hi Smitty- The real standrad of money based on Gold or Sterling works. Look at the pound Sterling it is stable. We went off the gold standard in 1966, when this started.
Didn’t you mean 1929? In 1939, Europe was at war — sort of, anyway. The Nazis had cpmpleted their conquest of Poland, but the Allies (the United Kingdom and France) hadn’t really done anything; it was the so-called “sitzkrieg” time. The United States was not in the war, and we were determined to stay out of the war.
Well 1939 could be used if you consider what that faction of the the government are preparing to do to Iran, and the Blitzkrieg they are about to unleash there. Look up Norman Podhoretz and see what he says about it. We should name him the great nation destroyer- ours and others.