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MrRodgers -> RE: Congress pushes to ban strong encryption (4/13/2016 1:09:44 PM)
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ORIGINAL: Termyn8or
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ORIGINAL: MrRodgers
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ORIGINAL: Termyn8or
But things will change when the dollar collapses. We import so much that prices will go ridiculous and people will not be able to afford to eat on wages. When that happens alot more of them will have to take what they need and they know who has it. Employers are going to need a gun but it isn't gong to work well against desperation.
We got quantitative easing and paper gold. Both of these are stopgap measures to forestall the drop in value of the US dollar that real market forces would have caused. As such, regime after regime in Washington simply passes the buck to the next regime, and I believe that is why republicans put out such shitty candidates. They know it is coming and in fact are part of the reason for it, but they want to blame it on a democrat.
T^T
I keep reading this stuff from you and others. I want your explanation of the technicalities and the mechanics of how the above is supposed to happen. I'll give you a few starters.
Dollar crashes. What does that mean ?
Drop in the value of the dollar ? What does that mean ?
The only accurate explanation could be that you must expect hyper-inflation here in the US...why ?
For example, are you aware of what is happening's recently in China vis-a-vis the Yuan and the dollar ? If you don't then the above paragraphs mean nothing which in my mind with all due respect...don't anyway. And all this after the great currency deal between Russia and China no less. [sic]
These minor currency manipulations don't mean much.
Let me ask YOU a question;
How come all countries have debt ?
Alright the US has the most, many have alot, but which the fuck countries are OWED this money ? Or is there some secret bunch of people who have all the money and just loan it out and we all owe them ?
I can't make it much simpler than that. And the US is going to lead the world into a reform, but how that'll work out I dunno.
There are two numbers, when they cross the USD goes down. Not necessarily to nothing, but quite down. This is exactly what happened to Greece, and the reason is hasn't happened here is because of QE and gold certificates. And a few other things that are not worth going into right now. Like the shit Wall street is still doing.
Hundreds of trillions of dollars in unfunded obligations, nobody can pay that.
And then, whe it gets to that poit social security is gone. Well, actually they can make it solvet, but the working pay 30 %, 15 % employer, and then when you are 85 you get $200 a month when a loaf of bread is $10.
Ask the Greeks. Ask the Greek Parents who took their own kid to the orphanage because they couldn't feed them. Couldn't get any work.
And USians keep on all the time with their fingers in their ears going "LA LEE LA LEE LA LEE CAN'T HAPPEN HERE CAN'T HAPPEN HERE".
I think this next crash is going to bring out the best in everybody. Struggling to eat each other. Obesity will be beat, the skinny run faster than the fat so therefore, who is going to eat who ? (or is that "whom" ?)
I think it is "whom".
Ask the Icelanders what they did to their bankers. I am surprised that there has not been at least ONE Icelander on this board talking about what their country did. Their bankers did the same shit they did here, but there they put them in jail. Are there any Icelanders here ? It sounds like an excellent country, but too cold.
Hungary also kicked the IMF out. they tried to rebut the story bt I found more sources, they got a letter "Get your offices the fuck outta here". Well that is not an exact quote but it was pretty much what it was. Hungary's economy is improving slowly, but it is REAL. They do not have quantitative easing for example, and a few other things like loaning bankers money to buy other banks. They threw a few in jail as well.
There time will come, just like it did in Europe so long ago.
T^T
Sorry Term, not really even a nice try. The Greek problem is in no way a similar problem. The Greek problems actually spell out why the US specifically does not have the same problem. It is because of the international assessment of the Drachma which ended life at 340 for a single Euro in 2001 kind of gives you a clue.
This both in terms of the relative underlying value of the US dollar, the American labor force, with the dollar still the world's reserve currency, as a store of wealth and safe haven when there is any international financial fears, means there will be no 'crash' of the US dollar in the foreseeable future. (BTW ex: China recently stopped the outflow of the Yuan into what...yep, US dollars)
As I suggested in my last thread, there is no such thing as a universal or sort of omnibus so-called 'crash of the dollar' in the making, as [it] enjoys still far, far too much demand world-wide.
And as for your example of bread going to $10, there is no basis in fact to support that speculation especially given the fact that we have an OP here now about agric. subsidies that confirms what is still a vast capability to over-supply of such products,
Yes, the whole so-called capitalist world and others, are all saddled with debt and because they for various political, domestic, self-deceptive and selfish reasons, piled it on. However, the true test is that the US has cut its borrowing down significantly compared to 2008 and as a percentage of GDP thus now, down to about $1.3 billion/day at the federal level. (Less then 3% of GDP/yr.) PLUS, last I looked, 10 year treasuries still sell out in minutes and still...at very favorable rates.
Hats off to Iceland and Hungary but it is still time that you and others give up on this screech of impending doom (impending for what 8 years now ?) rant that is simply not going to happen as long as the US economy keeps chugging along at $18 trillion GDP as of 4th. qtr. 2015, continues to pay its debt, continues to grow and continues to reduce borrowing.
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