Jerry Holbert by Jerry Holbert

Jerry Holbert

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  1. AussieDownUnder

    AussieDownUnder said, almost 2 years ago

    Digging yourself into a hole isn’t new and it’s not a trick. Sooner or later someone has to pay the bill.

  2. Rad-ish

    Rad-ish GoComics PRO Member said, almost 2 years ago


    Not when you have a giant military and can force the world to use your currency as the standard.

  3. Michael wme

    Michael wme said, almost 2 years ago


    It’s not the massive US military, but the weight of history and the absence of any viable alternative that keeps the US$ as the world’s key currency (the world has several reserve currencies, but only one key currency—cf Paper Money by Adam Smith).

    The sneaky Europeans tried to create an alternative to a key currency under the control of a single nation, but failed miserably.

    And the US$ is really under no threat. Boehner said he’d NEVER let the US hit the debt ceiling. He tried to waffle a bit to gain concessions, but everyone (including the markets) knew he was bluffing.

    Which is a good thing. If the key currency goes, international trade dies. This was a big problem in 1930, when international trade was a tiny fraction of world GDP. Today, the disaster is unthinkable (which is why Boehner would never think of it, keeping us all safe from that particular disaster).

  4. Robert Landers

    Robert Landers said, almost 2 years ago

    @Michael wme

    Yes, a very good post as usual. Another factor is that such a devaluation of the standard currency would actually adversely affect the wealthy 1% as well as the rest of us. You don’t even think that would ever be allowed to happen, do you?

    This is not original, I read it somewhere else, but I do not remember where, but it did seem to be logical when I read it then, and it seems even more valid now. I read that Western Civilization has been running up a large debt for the last 300 years or so (well before the founding of the US). But, at the same time Western Civilization has created the greatest amount of freedom and wealth for the average person that ANY civilization in the history of mankind. Something to think about in light of all of the seeming panic over the debt that some are exhibiting.
    Also, it certainly does not seem that Japan is about to collapse with a debt of some 200% of their GDP (ours either is, or is approaching, 100%). For instance, health care there must either be very good, or the Japanese are naturally very long lived, as Japan has the second highest average life span of any country in the world at 82 years (ours is 76 years in comparison).

  5. TJDestry

    TJDestry GoComics PRO Member said, almost 2 years ago

    If you don’t own your house and car free and clear, shaddup.

  6. Enoki

    Enoki said, almost 2 years ago

    He’s gonna need a bigger shovel…

  7. Michael wme

    Michael wme said, almost 2 years ago

    @Robert Landers

    For the most lucid explanation of the how and the why of your second paragraph, read Making Money.

  8. Robert Landers

    Robert Landers said, almost 2 years ago

    Being of sound mine, I own practically nothing in the way of such material things. I do have the love and care of a great family however, and as you can not take it with you to the other side of death anyway, why bother? Being also one of those “moochers” on social security, I am certain that I obtain your disdain, but I really not longer care at the age of 71!

  9. Robert Landers

    Robert Landers said, almost 2 years ago

    @Michael wme

    Thanks, it does look very interesting, and off of my next social security, I will buy it from amazon.

  10. denis1112

    denis1112 said, almost 2 years ago


    The Confederate Army was bigger in 1865 then the current U.S.Army.The Union Army was over twice what the Confederates had.If you want to talk about a massive military today you have to talk about China.

  11. jack75287

    jack75287 said, almost 2 years ago

    If one man digs deep enough he can’t get out. Wonder if that applies to a country to.

  12. jack75287

    jack75287 said, almost 2 years ago

    Good one.

  13. dzw3030

    dzw3030 said, almost 2 years ago

    You make no sense. Are you off your meds? Are you claiming those with a mortgage have no right to speak?

  14. dzw3030

    dzw3030 said, almost 2 years ago

    @Robert Landers

    Good luck and lack of bad (expensive) habits put me, at 71, with a paid for home, Mini Cooper, and Ford 4X4. I can’t take it with me but my Kid Sister will enjoy the toys after I die. That’s enough reason to pay attention to finances. Play on words is purely accidental. :-D

  15. Stipple

    Stipple said, almost 2 years ago

    House and land paid off, given to my son for $10 back in 2007. He is kind enough to allow me to live here until death.
    Car paid off and given to my daughter for free. She runs me to the store occasionally.
    Why wait until I am gone for them to enjoy it?
    More to the point, why wait until the IRS can take a percentage they do not have any rights to whatsoever, my taxes were paid on the original sales.
    Double jeopardy is against the law in everything but taxes.
    Debt, none at all other than returning the karma given during my life.

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