How many governments control/own their own currency?

Or rather, which notable ones do not?

How many governments control/own their own currency?

Or rather, which notable ones do not?

http://en.wikipedia.org/wiki/List_of_co ... currencies

The notable ones which do not are the 17 Eurozone states. In fact, they use a foreign currency so they are more akin to the USA states than sovereign countries. They are currency users, like us, and not currency issuers.

Obama and all of Congress have been bribed (via campaign contributions and promises of lucrative employment later) by the upper .1% to vote against the 99.9%.

Let me state it this way:

The question is: Why do they pretend not to understand? The answer: They are paid not to understand.

Who is paying them? The upper .1% income group.

How are they paid? Via political contributions.

Why are they paid? To increase the gap between the rich and the rest. Cutting the deficit increases the gap, because most federal spending benefits the lower income groups.

Why do the rich want the gap increased? The rich don’t care about absolute dollars. They care about comparative dollars. If everyone had a million dollars, no one would be considered rich. But if one person has a million, and everyone else has a quarter million, one person is rich. And if everyone else has a thousand dollars, that one person is very rich.

The more the .1% can press down the lower classes, the “richer” they will feel. So they spread the myth that deficits are too high.

For people to change beliefs, they need to understand the motive for the lie.

Of course, this is the case for most governments nowadays.

You sure know how to present information clearly, and it's always very well put.

Wow, just wow.

Very interesting, Zogler.

Never thought of it like that...so what will happen to the stock market then? Will it completely collapse or is it just an illusion that it will?

maybe it is true... but how do they want to avoid inflation?

New York's Dow Jones share index set a new all-time high on Tuesday, while London's FTSE 100 closed at it highest level in five years.

@ Zogler:

To fix your statement about federal spending, most federal spending actually benefits the rich, especially in the United States. Think about Mortage interest rate return, capital gains tax reduction, SSI income relief for widows of white men, etc.

Edit: and other parts about the Tax code.

Still fits into what you're arguing though about increasing the gap between the rich and poor. However, that gap is also highly built along racial lines.

@ Zogler:

To fix your statement about federal spending, most federal spending actually benefits the rich, especially in the United States. Think about Mortage interest rate return, capital gains tax reduction, SSI income relief for widows of white men, etc.

Edit: and other parts about the Tax code.

http://www.bbc.co.uk/news/business-21621048

I like to give credit where credit is due. Since I stand on the shoulders of giants, I quote them more often than not since THEY also know how to present information clearly. No sense in re-inventing the wheel.

This time I quoted some of Rodger Malcolm Mitchell's words in this blog post.
Stock market crashes follow speculative private debt bubbles. U.S. recessions and depressions (the last of which were also caused by excessive private debt) tend to come on the heels of reductions in federal debt or federal surpluses. You do the math.

If the USA government insists on cutting the deficit and the debt and a private debt bubble starts building up again, then another financial crisis will be around the corner and ready to hit. However, since the memories of how destructive leverage can be for the private sector are still fresh, the most likely scenario is a mild recession.
Inflation is today largely determined by production costs, mainly the cost of energy (oil). This graph clearly demonstrates that oil is the dominating factor explaining prices.