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I see an economic diasater coming...

Started by the_big_m_in_ok, September 03, 2009, 01:05:30 AM

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Do you think the American economy will ever improve?

Yes, definitely
Possibly, in the long run
No, it will worsen
Undecided

triffid

hyperinflation and a list of some of the countries it has hit  http://en.wikipedia.org/wiki/Hyperinflation
including the USA.triffid

triffid

North Korea, 1947â€"2009
Though the North Korean Won never technically failed, and is still the official currency of the reclusive communist nation, a 2009 revaluation showed the rest of the world rare cracks in the monolithic image Pyongyang presents. The government gave citizens seven days to turn in their old won for new won â€" with 1,000 of the old worth 10 of the new â€" but allowed a maximum exchange of 150,000 of the old won. That means each adult can exchange about US$740-worth of won. The revaluation and exchange cap wiped out the savings of many North Koreans, and reportedly caused unrest in parts of the country. According to a September 2009 BBC report, some department stores in Pyongyang even stopped accepting North Korean won, instead insisting upon payment in U.S. dollars or Japanese yen.


Note that here the savings of many a north korean was wiped out.triffid

triffid

 That means each adult can exchange about US$740-worth of won. The revaluation and exchange cap wiped out the savings of many North Koreans.So if you were north korean and had $250,000 in won saved you could only keep $740.00 of it. Could it happen in the USA?Of course it could.In my own lifetime I have been told to lay down my life for my country.My country right or wrong is still my country.So now they want my savings too?When I was 18 it was my life and obedience that they wanted.If I live to be 91 I could cost SS a half million.I plan to live to be 150 if I can.triffid

triffid

you will know sometime is wrong when the US dollar has a monthly inflation rate of 40 percent or more.triffid

triffid

The most dangerous cities in the USA for 2011 and st.louis,mo is not on the list?
http://realestate.yahoo.com/promo/americas-most-dangerous-cities-2011.html
triffid