US National Debt Ceiling.

[reverendjeremiah]

Umm, economics fail...

Well Damn Void. Apparently I dont know anything about economics, do I?

http://useconomy.about.com/b/2008/04/02/...andard.htm
"the U.S. does not even have enough gold, at current rates, to pay off the portion of its debt owed to foreign governments. For example, China, Japan and other countries own $2.4 trillion in U.S. Treasury debt - but there is only $182 billion (at $743 per ounce) total in gold reserves at Fort Knox. "

And this is 2008 opinions

At least now if the Fed prints money it's not immediately obvious to everyone that their dollars are worth less, they only see it through price increases a few months later, oil and food goes up in price and the government can quite easily get away with blaming that on the "evil corporations" raising prices

Yes. Because our govt always says "evil corporations" when it comes to economy problems.

I don't know about that, but I do know your country hates the very idea of trading precious metals, like the guy who was convicted over the 'Liberty dollars' and sentenced on a bogus charge of counterfeiting - Why do they hate Gold so much? Mainly because if people still saw gold as a measure of wealth (which it is) they would be able to see past the lies and get a good picture of how fucked they actually are.

Strawman - our country has precious metals being traded on the commodities as well as all others. USA trades gold and gold futures. They only heavily regulate it, your hatred of it which methinks is the real intent behind your post.

Wait, are you talking about THIS guy:

http://news.yahoo.com/s/nm/20110320/us_n...currency_1
Click here to view the current dollar vs. euro rate
http://www.google.com/search?q=dollar+vs...ess&ie=&oe=

Gold isn't a risk at all, it's a hedge, it's damn hard to loose money on it.

Gold is a risk. Sure, not a risk as much as others on the exchange. Being a commodity it means the roller coaster ride of projected futures versus real value will not toss the roller coaster off the track, but it does dip and rise.

In fact gold is doing much better than silver:
http://money.cnn.com/data/commodities/

I also find it funny that you lambast the Dollar and American economy for using Keynesian economics, and then compare it to the Euro, which the EU ALSO uses keynesian systems as well.

So is Europe doing better than America? Their currency says so. Void says America is doing like crap because of Keynesian systems, and holds the Euro up as proof..yet the Euro is working on the keynesian system as well.