View Poll Results: What do you think about the economic situation in the US?

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  • Everything is completely falling apart, there is nothing we can do now.

    4 10.53%
  • Everything is falling apart fast, if we act fast we can stop a collapse.

    5 13.16%
  • Its dier, we need to do something quickly.

    4 10.53%
  • Bush is the cause of this decline, he must resign now.

    4 10.53%
  • The dollar will do the work, everything will even out over time.

    5 13.16%
  • We will manage it, but it will take time and missery.

    9 23.68%
  • Its alright, shouldnt be to difficult to fix.

    0 0%
  • Everything is fine as it is.

    3 7.89%
  • Other.. (explain)

    2 5.26%
  • Everything is the fault of John Kerry..

    2 5.26%
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Thread: The fall of the dollar..

  1. #51
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    Re: The fall of the dollar..

    Quote Originally Posted by Maximus Zeebra View Post
    Is that your answer? You clearly didnt even read the last message.. It doesnt matter that you are the biggest manufacturer or the biggest exporter as long as the totality of the economy is retarded.
    could somebody translate this retarded post? Please

    Human Taxidermist - - now offering his services for all your loved ones
    Quote Originally Posted by jallman View Post
    How the hell did you just tie in a retroactive reparative measure with a proactive preventative measure. Not even close to being the same thing.

  2. #52
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    Re: The fall of the dollar..

    Quote Originally Posted by Kali View Post
    The dollar has not been worth the paper it is printed on in sometime and too bad we no longer have back up for every dollar made in this country. Fort Knoxx
    Very true. In fact, the FDIC is also worthless. Last time I checked, which was early in 2008, the FDIC could actually support roughly 23% of its obligations.

    So much for all that security.

  3. #53
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    Re: The fall of the dollar..

    Quote Originally Posted by Caedon View Post
    Very true. In fact, the FDIC is also worthless. Last time I checked, which was early in 2008, the FDIC could actually support roughly 23% of its obligations.

    So much for all that security.
    23% is a reasonable number unless you expected teh entire financial collapse of the american financial system

    other than a few loons, who is actually prepared for that ????????????

    Human Taxidermist - - now offering his services for all your loved ones
    Quote Originally Posted by jallman View Post
    How the hell did you just tie in a retroactive reparative measure with a proactive preventative measure. Not even close to being the same thing.

  4. #54
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    Re: The fall of the dollar..

    Quote Originally Posted by DeeJayH View Post
    23% is a reasonable number unless you expected teh entire financial collapse of the american financial system

    other than a few loons, who is actually prepared for that ????????????
    My point is not that this is an unreasonable amount. Indeed, insurance is based on spreading risk around so that obligations can be satisfied with less security than the actual total amount covered. However, the American populace often believes that the dollar is supported by more than the goodwill of the American government and that the FDIC actually has reserves to cover all losses.

  5. #55
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    Re: The fall of the dollar..

    Quote Originally Posted by Caedon View Post
    My point is not that this is an unreasonable amount. Indeed, insurance is based on spreading risk around so that obligations can be satisfied with less security than the actual total amount covered. However, the American populace often believes that the dollar is supported by more than the goodwill of the American government and that the FDIC actually has reserves to cover all losses.
    so you assume everybody, besides you, is an idiot gotcha

    Human Taxidermist - - now offering his services for all your loved ones
    Quote Originally Posted by jallman View Post
    How the hell did you just tie in a retroactive reparative measure with a proactive preventative measure. Not even close to being the same thing.

  6. #56
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    Re: The fall of the dollar..

    Quote Originally Posted by DeeJayH View Post
    so you assume everybody, besides you, is an idiot gotcha
    Assuming things about others that you can't back up is idiotic.

    My point is only limited to an observation that much of the public's trust in the American dollar is founded on misconceptions about what backs the dollar, both in terms of value and security.

    I'm not saying that's good or bad or that they are idiots.

  7. #57
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    Re: The fall of the dollar..

    Quote Originally Posted by Caedon View Post
    Assuming things about others that you can't back up is idiotic.

    My point is only limited to an observation that much of the public's trust in the American dollar is founded on misconceptions about what backs the dollar, both in terms of value and security.

    I'm not saying that's good or bad or that they are idiots.
    so you are reiterating that the few people you have had contact with, that fail to grasp the simple concept represents a large portion of the county thanks for clarifying

    and the only thing backing the dollar is the Full Faith and Credit of the US which dubya began to erode and Obama has put into overdrive on steroids and high octane boost
    the dems who hated bush but love obama are the biggest bunch of fools and perhaps the reason why the down fall of america is imminent

    Human Taxidermist - - now offering his services for all your loved ones
    Quote Originally Posted by jallman View Post
    How the hell did you just tie in a retroactive reparative measure with a proactive preventative measure. Not even close to being the same thing.

  8. #58
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    Re: The fall of the dollar..

    Quote Originally Posted by Caedon View Post
    Very true. In fact, the FDIC is also worthless. Last time I checked, which was early in 2008, the FDIC could actually support roughly 23% of its obligations.

    So much for all that security.
    Well glad someone else here "gets" it.
    ~Following My Own Flow~

  9. #59
    Stigmatized! End R Word! Kali's Avatar
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    Re: The fall of the dollar..

    Quote Originally Posted by DeeJayH View Post
    so you assume everybody, besides you, is an idiot gotcha
    What they are saying is making total sense

    The fact of the matter is if we still backed every dollar in this country our money would be stronger and right now it is weak. We should have it backed up as what will do if our economy totally fails? Just print up more money that is not worth anything?
    Last edited by Kali; 10-19-09 at 12:51 AM.
    ~Following My Own Flow~

  10. #60
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    Re: The fall of the dollar..

    Quote Originally Posted by DeeJayH View Post
    so you are reiterating that the few people you have had contact with, that fail to grasp the simple concept represents a large portion of the county thanks for clarifying

    and the only thing backing the dollar is the Full Faith and Credit of the US which dubya began to erode and Obama has put into overdrive on steroids and high octane boost
    the dems who hated bush but love obama are the biggest bunch of fools and perhaps the reason why the down fall of america is imminent
    If you are familiar with statistics, you'll know that the t-statistic transforms into the z-statistic (or at least becomes very close) around n=30 or so. What that basically means is that when working with sample sizes, assuming they aren't inherently flawed, you can begin to make assumptions along 95% confidence intervals when n>30.

    Now, taking that and applying it to my discussions with people both in RL and in numerous political forums, I can say that most people who aren't versed in economics simply do not know that the dollar is backed only by the promise of the federal government. They also don't know that the FDIC doesn't have the reserves to support even a quarter of their obligations. They just don't know. As my sample size is much greater than 30, I can rest assured with at least 95% confidence ( ) than this is probably true of the general populace as well.

    Again, that's not necessarily good or bad... though perhaps it is demonstrative of the failings of our current education system.

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