Archived posting to the Leica Users Group, 2011/05/07
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Disagree. US politics may be absurd, but as we are seeing in Greece, Portugal etc., a government cannot forever spend more than it takes in. At some point people will stop buying the government's bonds, and then the only options are default or what is being discussed here--printing money to inflate away the debt. Japan has managed to live for a long time with a debt of 200% of GDP only because that debt is largely held domestically and so simply represents an inter-generational transfer. Most other countries do not have that luxury--including the US. Cheers, Nathan (who is salivating at the prospect of shopping in San Francisco later this month with his Euro worth $1.43 today :-)) Nathan Wajsman Alicante, Spain http://www.frozenlight.eu http://www.greatpix.eu http://www.nathanfoto.com PICTURE OF THE WEEK: http://www.fotocycle.dk/paws Blog: http://www.fotocycle.dk/blog YNWA On May 4, 2011, at 8:33 AM, Chris Crawford wrote: > LOL. Economics is a religion based on blind faith, not reality. Your video > is genius, showing the absurdity of it all. > > > -- > Chris Crawford > Fine Art Photography > Fort Wayne, Indiana > 260-486-2581 > > http://www.chriscrawfordphoto.com My portfolio > > http://blog.chriscrawfordphoto.com My latest work! > > http://www.facebook.com/pages/Christopher-Crawford/48229272798 > Become a fan on Facebook > > > > On 5/4/11 1:33 AM, "Robert Meier" <robertmeier at usjet.net> wrote: > >> I have tried my hand at making a video on YouTube. Tell me what you >> think: >> >> >> >> http://www.youtube.com/watch?v=dslOueFwjVk&feature=youtube_gdata_player >> >> _______________________________________________ >> Leica Users Group. >> See http://leica-users.org/mailman/listinfo/lug for more information > > > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information >