World Crisis?

Is the nuclear meltdown and destruction in Japan as serious as the World's financial crisis? I like Glenn Beck and that was yesterdays topic. Whether he's right or wrong, what happens if there is a total failure of the dollar? I realize thousands of people have died in the flood waters and that's important to recognize and support the survivors but what is the outcome if the US Dollar is no longer recognized as the world's currancy? We are still borrowing to pay current interest on our debt only....no principle. What happens when Japan sells our debt to China to get cash for their cleanup? Will billions of people starve if there is no food provided by the U.S. in other countries. What if we can't afford to feed ourselves? Yea I'm overweight and could cut way back but what if welfare checks just stopped coming? Talk about riots! Is there a financial armageddon coming that will starve millons of people? It's hard to tell whats real and whats hype. They say to buy gold but I'll stick with canned food, water and ammo, Mike.

Glenn Beck is an alarmist and he has done to you what he intended to do. If we were all to listen to him, the world would be coming to an end yesterday or the day before.

it's more complicated that that. But I'm tired and don't feel like a 2000 word essay. Check the WSJ pages instead. It's not quite on the money, but it's closer than the talking heads who make their money by making emotional arguments and appeals.

Best regards,
Frank

HavnFunYet? said:

Glenn Beck is an alarmist and he has done to you what he intended to do. If we were all to listen to him, the world would be coming to an end yesterday or the day before.

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So was Paul Revere.

skibum said:

So was Paul Revere.

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Exactly!!!! Perfect comeback!

Is the sky falling again?

So far Glenn's been more correct than wrong. As gas prices rise, it's money out of my pocket. As a business, I can't just charge the customer more. More of my profits are going overseas and that can't be good. We have a cueless leader in Washington doing nothing because it doesn't hit his wallet. Congress and the House are no better! Maybe the business owners need to go "on strike" and see what happens, Mike.

Going on Strike, see where it got Wisconson? :grin:

You know I have never had any "Collective Bargaining" in any position I have ever worked. At one time it may have been a necessity, but from what I see and encounter today, it is not needed. Especilaly from the number of dead wood teachers some areas have to keep on, due to union and the cost to eliminate them, Check New York City for one area. :smt089

And I damn do not see it needed, unions for Firemen, Police, teachers, any form of government workers, to include Homeland Security. Now if the teachers and fire and police, policed their own ranks, it might be different. :thumbsup:

I like this asinine concept Homeland Security goes on strike in a crisis, befuddled bull hockey puckies with this idea.

All are voluntary positions. Let see the military does not have any collective bargaining and they have some conditions where they could sure use it.

When a military enlisted person of 20 years might retire at $25,000.00 a year, tell me why that same fire, police person is retirng at $60,000.00 plus a year? And in most cases the military person has had to give up much more then the others, travel all over the world, unaccompanied tours, had to work very long hours, and here is a joke, "overtime?" what is that?:huh:

Thanks, soap box gone now. $0.02 spent :smt043:smt043

Pseudomind said:

Is the sky falling again?

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Yes.

STIHLBOLTS said:

Going on Strike, see where it got Wisconson? :grin:

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They didn't go on strike. They didn't threaten strike. They were willing to negotiate. Look what it got them.

CV-23 said:

Is the nuclear meltdown and destruction in Japan as serious as the World's financial crisis?

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Talk about false choices. . . .

I presume we are talking about three things; (1) Nuclear meltdown (2) Japanese Earthquake damage and (3) World Financial crisis?

I am not sure it is legitmate to even compare the three. In the first two cases, people DIED. In the last case, the impact is only economic. To even answer the question one has to be weigh the value of local loss human lives against widespread economic woes. I don't want to go there.

But let me ask this question to stir the pot: Foreign aid is (supposedly) on the chopping block. The few trinkets we throw at foreign aid is bankrupting the country. If Japan asks for aid; should Congress say "No"?

comsnark said:

They didn't go on strike. They didn't threaten strike. They were willing to negotiate. Look what it got them.

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Com, I think he was talking about the Senators themselves, not the unions. The Governor did offer a compromise at the end and asked the 14 Dem slackers to come back to discuss. The Dems said no again and the modified bill was passed a couple days later. Those 14 Dem Senators never even voted against the bill they claimed to vehemently oppose. The joke of it all was that the only vote cast against the bill was that of a Republican.:smt101