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Originally posted by David9176
Does anyone else see this? Am i boasting about racism in all of my posts?
Originally posted by GENERAL EYES
Someone has extra money lying around for printing fake prank currency notes?
No. Not at all. The thought has never occurred to me about you.
But seeing a bill that looks JUST like the real one, except for the zeroes - that's shocking - and believe it or not, the people are smart enough to make the connection between the bill and Obama themselves. And it will be a stronger connection because they made it.
Originally posted by David9176
It's scary what is happening right now, I think we can all agree on that no matter whom you support or don't support.
...Does anyone else see this? Am i boasting about racism in all of my posts?
Originally posted by Jay-in-AR
What does all that mean to the point? The point is that people DON'T GET THE POINT when they makes things partisan and/or racist. As if either of those things are what is causing this mess...
It can be done on a country-by-country basis, but a coordinated devaluation would work best. A devaluation of 30% would raise the dollar value of all assets by 43%. A $200,000 home with a $230,000 mortgage would become a $286,000 home with the same mortgage. Presto! The homeowner who was $30,000 upside-down now has $56,000 equity and a good reason to make his payments. Both the homeowner and the bank are immediately better-off.
It would even benefit those who purchased their homes responsibly, as the value of their homes would rise by the same 43%. The current course of throwing trillions of dollars at the culprits is without any benefit to those who acted responsibly.
Admittedly, this is not a solution without the price of inflation, but the inflation would be short-lived. The current course will ultimately cause massive inflation that cannot be accurately estimated, and it may not even solve the problem.