This is a must-watch feature. Though a bit long, it is concise and informative. After you've taken the time to watch it, please leave a comment (by clicking "comments" just above) and let other readers know what you think. Thanks, guys.
BTW, credit should be given to Jonathan B. Melancon for introducing me to this piece of work.
--gh
Popular Posts
-
Dreyton: Chapter 4: The Dechter Funeral (Excerpt) These were difficult times for John Harris. Yesterday, he buried two ... -
“All of her plagues will be delivered in one day—death, mourning, and famine—and she will burn with fire, because God, in all His strength,...
-
Okay, here is the scenario: let's say the hottest, new hip-hop/rock trio, B ackyard BBQ , announces a Third Coast concert tour, shortly ... -
DREYTON Chapter 9 (Mayor Adam Dreyfus’ speech) “First, ladies and gentleman, I would like to thank all of you for granting me this opportun... -
In 2006, I wrote a series of twenty-five missives that were designed to survey the price momentum in the energy markets, particularly the pr...
3 comments:
I've never really looked at things this way. Wow, it's scare.
So the dollar is not backed up by confidence in the American consumer? Isn't that what we were taught in school? Man, I think I am confused, and I need to watch this again.
Well, I have to say that I do feel a little more informed, but now I am wondering if I should go and get my money out of the bank now. Hell, even if I do, it probably cannot be worth much.
Pettus, I think that is what the movie was say: the money is only backed up by faith in someone's ability to honor payments of debts and not necessary an underlying asset. It would take confidence, or even lunacy, to keep this house of cards standing.
Post a Comment