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RE: Putin is awesome! - 8/2/2016 8:09:19 PM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
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You give their per capita in USD which means nothing. For one they simply do not need it. as far as a Russian car,

https://en.wikipedia.org/wiki/Automotive_industry_in_Russia#/media/File:Lada_Kalina_%281119%29_Super_1600.jpg

Does that look like a Czeckoslovakian Skoda or the East German thing with paper mache' fenders ?

And per capita GDP means nothing, what about personal income ? Do they have to put food and gasoline on a credit card ? You are using the wrong criteria to measure standard of living.

It does not matter if it takes a pound of rubles to buy a dollar, try that argument with the yuan. It holds no water. You are indoctrinated with this "WE ARE NUMBER ONE" bullshit. Our infant mortality is appalling, our health care is a waste of fucking time, might as well go to Cuba. The roads and bridges are falling apart as well as even the electric power lines and the pipes that bring the water and natural gas.

Things have changed. And maybe you don't get it, but if Russia allies with China we are not longer the world superpower. Together they can outdesign and out manufacture anything the US can get going. We can't even make all the parts for our military toys. We can't even built a rocket, we buy them from - RUSSIA !

So let's go piss off more of a world that already doesn't like us. Even fucking Europe, in a poll there I think we were about tied with Israel in "The most threat to world peace'. Russia wasn't even in the list. Look at their actions.

Misconceptions that USians have start wars. Let me tell you, I am ready for the grave so I won't have to experience this, but I do believe that the US is going to experience really losing a war. And it is people who think we are always right, just and strong enough to "remake the world in our own image" who will support such nonsense.

And they will learn the hard way.

T^T

(in reply to MrRodgers)
Profile   Post #: 41
RE: Putin is awesome! - 8/2/2016 9:00:59 PM   
Greta75


Posts: 9968
Joined: 2/6/2011
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quote:

ORIGINAL: Termyn8or
You get fined for spitting. If you can't or won't pay the fine I assume you go to jail. (or do you get caned ?)

Yea refusing to pay a fine means going to jail. Naw you won't ever get cane for spitting. But nobody is gonna choose jail over a spitting fine. Jails here are really bad. You don't even get a bed or a pillow. Just cold cement floor. Most Singaporeans are too pampered to survive that! And I am sure they can go spit in a toilet sink or a toilet bowl in the future. It's not hardship. But we intent for jail to be not luxurious where basic comforts like a mattress or a bed is taken away from you. It's suppose to be suffering, uncomfortable, inhumane, and not holiday camp. It's all part of the strategy to make people fear to commit crimes.


< Message edited by Greta75 -- 8/2/2016 9:01:34 PM >

(in reply to Termyn8or)
Profile   Post #: 42
RE: Putin is awesome! - 8/3/2016 12:15:12 AM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
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Do they give sex change operations there ?

T^T

(in reply to Greta75)
Profile   Post #: 43
RE: Putin is awesome! - 8/3/2016 12:53:13 AM   
WhoreMods


Posts: 10691
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You probably have to do something a bit worse than spitting to warrant that one.


_____________________________

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Profile   Post #: 44
RE: Putin is awesome! - 8/3/2016 2:08:04 AM   
MrRodgers


Posts: 10542
Joined: 7/30/2005
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quote:

ORIGINAL: Termyn8or

You give their per capita in USD which means nothing. For one they simply do not need it. as far as a Russian car,

https://en.wikipedia.org/wiki/Automotive_industry_in_Russia#/media/File:Lada_Kalina_%281119%29_Super_1600.jpg

Does that look like a Czeckoslovakian Skoda or the East German thing with paper mache' fenders ?

And per capita GDP means nothing, what about personal income ? Do they have to put food and gasoline on a credit card ? You are using the wrong criteria to measure standard of living.

It does not matter if it takes a pound of rubles to buy a dollar, try that argument with the yuan. It holds no water. You are indoctrinated with this "WE ARE NUMBER ONE" bullshit. Our infant mortality is appalling, our health care is a waste of fucking time, might as well go to Cuba. The roads and bridges are falling apart as well as even the electric power lines and the pipes that bring the water and natural gas.

Things have changed. And maybe you don't get it, but if Russia allies with China we are not longer the world superpower. Together they can outdesign and out manufacture anything the US can get going. We can't even make all the parts for our military toys. We can't even built a rocket, we buy them from - RUSSIA !

So let's go piss off more of a world that already doesn't like us. Even fucking Europe, in a poll there I think we were about tied with Israel in "The most threat to world peace'. Russia wasn't even in the list. Look at their actions.

Misconceptions that USians have start wars. Let me tell you, I am ready for the grave so I won't have to experience this, but I do believe that the US is going to experience really losing a war. And it is people who think we are always right, just and strong enough to "remake the world in our own image" who will support such nonsense.

And they will learn the hard way.

T^T

Look, you are not entirely wrong but on just what basis do you give so much credit to Russia/China, their currencies and labor force. The world is exploiting their virtual slave labor wealth and buying Russian oil. So what. The world is buying other country's products from their factories...so what ?

How many millions of Russian cars etc. is selling around the world...extremely few if any. China has to copy everything they sell and still...only at home. Russia and China most certainly cannot out design and out manufacture anything. Show me who is making our military parts. We stopped spending on our space program but ours was eons ahead when we did...so what ?

What does either country do that makes them 'better' somehow ? Vodka, Caviar ? It doesn't, not at all...just cheaper because virtual slave labor is a real profit center. When oil goes down...Russia is fucked. Where do the Russians and Chinese oligarchs (most wealthy and govts.) keep their money ? As little as possible at home.

Ask the rest of the world which economy and currency do they want to survive and...its ours...not there's. The only reason the Rubble and Yuan have any value is because their great eastern proletariat as little as they have...is forced to keep so much. Yes, the US has its problems but they don't include Russian or Chinese economic or military power.

Might does not make right but it also doesn't mean all of what you suggest either.

_____________________________

You can be a murderous tyrant and the world will remember you fondly but fuck one horse and you will be a horse fucker for all eternity. Catherine the Great

Under capitalism, man exploits man. Under communism, it's just the opposite.
J K Galbraith

(in reply to Termyn8or)
Profile   Post #: 45
RE: Putin is awesome! - 8/3/2016 3:06:55 AM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline

quote:

ORIGINAL: MrRodgers


quote:

ORIGINAL: Termyn8or

You give their per capita in USD which means nothing. For one they simply do not need it. as far as a Russian car,

https://en.wikipedia.org/wiki/Automotive_industry_in_Russia#/media/File:Lada_Kalina_%281119%29_Super_1600.jpg

Does that look like a Czeckoslovakian Skoda or the East German thing with paper mache' fenders ?

And per capita GDP means nothing, what about personal income ? Do they have to put food and gasoline on a credit card ? You are using the wrong criteria to measure standard of living.

It does not matter if it takes a pound of rubles to buy a dollar, try that argument with the yuan. It holds no water. You are indoctrinated with this "WE ARE NUMBER ONE" bullshit. Our infant mortality is appalling, our health care is a waste of fucking time, might as well go to Cuba. The roads and bridges are falling apart as well as even the electric power lines and the pipes that bring the water and natural gas.

Things have changed. And maybe you don't get it, but if Russia allies with China we are not longer the world superpower. Together they can outdesign and out manufacture anything the US can get going. We can't even make all the parts for our military toys. We can't even built a rocket, we buy them from - RUSSIA !

So let's go piss off more of a world that already doesn't like us. Even fucking Europe, in a poll there I think we were about tied with Israel in "The most threat to world peace'. Russia wasn't even in the list. Look at their actions.

Misconceptions that USians have start wars. Let me tell you, I am ready for the grave so I won't have to experience this, but I do believe that the US is going to experience really losing a war. And it is people who think we are always right, just and strong enough to "remake the world in our own image" who will support such nonsense.

And they will learn the hard way.

T^T

Look, you are not entirely wrong but on just what basis do you give so much credit to Russia/China, their currencies and labor force. The world is exploiting their virtual slave labor wealth and buying Russian oil. So what. The world is buying other country's products from their factories...so what ?

How many millions of Russian cars etc. is selling around the world...extremely few if any. China has to copy everything they sell and still...only at home. Russia and China most certainly cannot out design and out manufacture anything. Show me who is making our military parts. We stopped spending on our space program but ours was eons ahead when we did...so what ?

What does either country do that makes them 'better' somehow ? Vodka, Caviar ? It doesn't, not at all...just cheaper because virtual slave labor is a real profit center. When oil goes down...Russia is fucked. Where do the Russians and Chinese oligarchs (most wealthy and govts.) keep their money ? As little as possible at home.

Ask the rest of the world which economy and currency do they want to survive and...its ours...not there's. The only reason the Rubble and Yuan have any value is because their great eastern proletariat as little as they have...is forced to keep so much. Yes, the US has its problems but they don't include Russian or Chinese economic or military power.

Might does not make right but it also doesn't mean all of what you suggest either.


You will be proven wrong eventually. If you're not too old, perhaps during your lifetime. Enjoy. But I must say that I enjoyed your posts on this, and trying to see the world through your lens. Like an acid trip.

T^T

(in reply to MrRodgers)
Profile   Post #: 46
RE: Putin is awesome! - 8/3/2016 7:58:21 AM   
MrRodgers


Posts: 10542
Joined: 7/30/2005
Status: offline

quote:

ORIGINAL: Termyn8or


quote:

ORIGINAL: MrRodgers


quote:

ORIGINAL: Termyn8or

You give their per capita in USD which means nothing. For one they simply do not need it. as far as a Russian car,

https://en.wikipedia.org/wiki/Automotive_industry_in_Russia#/media/File:Lada_Kalina_%281119%29_Super_1600.jpg

Does that look like a Czeckoslovakian Skoda or the East German thing with paper mache' fenders ?

And per capita GDP means nothing, what about personal income ? Do they have to put food and gasoline on a credit card ? You are using the wrong criteria to measure standard of living.

It does not matter if it takes a pound of rubles to buy a dollar, try that argument with the yuan. It holds no water. You are indoctrinated with this "WE ARE NUMBER ONE" bullshit. Our infant mortality is appalling, our health care is a waste of fucking time, might as well go to Cuba. The roads and bridges are falling apart as well as even the electric power lines and the pipes that bring the water and natural gas.

Things have changed. And maybe you don't get it, but if Russia allies with China we are not longer the world superpower. Together they can outdesign and out manufacture anything the US can get going. We can't even make all the parts for our military toys. We can't even built a rocket, we buy them from - RUSSIA !

So let's go piss off more of a world that already doesn't like us. Even fucking Europe, in a poll there I think we were about tied with Israel in "The most threat to world peace'. Russia wasn't even in the list. Look at their actions.

Misconceptions that USians have start wars. Let me tell you, I am ready for the grave so I won't have to experience this, but I do believe that the US is going to experience really losing a war. And it is people who think we are always right, just and strong enough to "remake the world in our own image" who will support such nonsense.

And they will learn the hard way.

T^T

Look, you are not entirely wrong but on just what basis do you give so much credit to Russia/China, their currencies and labor force. The world is exploiting their virtual slave labor wealth and buying Russian oil. So what. The world is buying other country's products from their factories...so what ?

How many millions of Russian cars etc. is selling around the world...extremely few if any. China has to copy everything they sell and still...only at home. Russia and China most certainly cannot out design and out manufacture anything. Show me who is making our military parts. We stopped spending on our space program but ours was eons ahead when we did...so what ?

What does either country do that makes them 'better' somehow ? Vodka, Caviar ? It doesn't, not at all...just cheaper because virtual slave labor is a real profit center. When oil goes down...Russia is fucked. Where do the Russians and Chinese oligarchs (most wealthy and govts.) keep their money ? As little as possible at home.

Ask the rest of the world which economy and currency do they want to survive and...its ours...not there's. The only reason the Rubble and Yuan have any value is because their great eastern proletariat as little as they have...is forced to keep so much. Yes, the US has its problems but they don't include Russian or Chinese economic or military power.

Might does not make right but it also doesn't mean all of what you suggest either.


You will be proven wrong eventually. If you're not too old, perhaps during your lifetime. Enjoy. But I must say that I enjoyed your posts on this, and trying to see the world through your lens. Like an acid trip.

T^T

Well eventually is a very general term and I've written that in time way in the future, the dollar may suffer against other currencies and has to an extent already but the actual practical difference will be virtually unnoticeable for a long time here and doesn't mean inflation.

Russia and China have a long way to go before they are economic and military super powers. As for the 'acid trip' you think you view. I am not the one with the hallucinations. I am aware of the situation and I believe have a handle on what the future holds and for your lifetime too.

_____________________________

You can be a murderous tyrant and the world will remember you fondly but fuck one horse and you will be a horse fucker for all eternity. Catherine the Great

Under capitalism, man exploits man. Under communism, it's just the opposite.
J K Galbraith

(in reply to Termyn8or)
Profile   Post #: 47
RE: Putin is awesome! - 8/3/2016 12:04:48 PM   
NorthernGent1


Posts: 218
Joined: 6/27/2016
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quote:

ORIGINAL: MariaB

Yes but he looks good on a horse semi naked



He'd look better in a puddle, drowned.

'Thinks it's a good ideal to jail dissenting voices and surrounds himself with former KGB men.

'Tells pretty much everything anyone needs to know about him.

(in reply to MariaB)
Profile   Post #: 48
RE: Putin is awesome! - 8/3/2016 2:58:05 PM   
DominantWrestler


Posts: 338
Joined: 7/4/2010
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I respect much what you say terminator, but I disagree on two economic points.

First, you say that automation is bad. Automation allowed the industrial revolution. It allows fewer people to achieve more. Additionally, since the workplace participation rate has increased dramatically in the last half century, it would allow participation rates to normalize while not lowering GDP. Most of the increase in job participation rate has been in the service sector which (imo though also supported by quite a bit of evidence) contributes less to living conditions than engineering, research and manufacturing amongst other sectors. Basically, I'd prefer to have fewer cashiers and other low paying/contributing jobs and have those same young adults contribute more (i.e. skilled labor, research, engineering, etc)

As for your statements on Chinese manufacturing, they are the best at producing great quantities of mediocre goods. As far as precision manufacturing goes, China does not compete. They might produce a windshield wiper for a fraction of the cost, but I wouldn't trust them making my car or computer. I also know they have lower standards for toxins in their products and environmental destruction. I have also heard (true or rumor) about China and S Korea stealing patents and designs. They could, hypothetically, mass produce quality products, but I believe that would require better conditions for workers as motivation, and I don't see that happening anytime soon. Incidentally, that increase in living conditions would also raise prices on their goods

(in reply to NorthernGent1)
Profile   Post #: 49
RE: Putin is awesome! - 8/3/2016 7:53:37 PM   
Termyn8or


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"I respect much what you say terminator, but I disagree on two economic points.

First, you say that automation is bad. ..."


Actually I did not say that. I said that with it that one person can do the works of ten, what happens to the other nine ? Give them all welfare ? You want 90 % of the able bodied population on welfare ? Well it wouldn't be that much because there are service jobs, and of course government jobs. But it is alot.

"Most of the increase in job participation rate has been in the service sector which (imo though also supported by quite a bit of evidence) contributes less to living conditions than engineering, research and manufacturing amongst other sectors. Basically, I'd prefer to have fewer cashiers and other low paying/contributing jobs and have those same young adults contribute more (i.e. skilled labor, research, engineering, etc) "

For that they need a good education and it takes at least 20 years to fix that. And it has to start in the home. You know I have said that daycare is a bad thing because the kids need to be around adults to learn anything. Before kindergarten I knew how to read and basic math. Now we got teachers bitching that the kids don't even know their colors and shapes. how the hell is government going to fix that ? Perhaps by getting earlier daycare but staffed with people who want to educate the kids, those who have an actual desire to make the world better. But what you get now is people who want to indoctrinate the ideology of multiculturism and all its lies. Buncha shit. If I had kids I would get three jobs so the olady can stay home and keep them out of those places, and also put them in private school.

"As for your statements on Chinese manufacturing, they are the best at producing great quantities of mediocre goods. "

Some products only need to be mediocre. Like a DVD player for example, it is not a heart lung machine. That is not to say we should not be making our own here. But they make crucial components for our weapons and it isn't just Molex connectors.

"As far as precision manufacturing goes, China does not compete."

i have a Chinese made milling machine that works just fine. And as far as precision goes ? I heard this story a long time ago from industry insiders. There was a competition to see who could make the smallest drill bit, which would actually work of course. The US sent its smallest to Germany and they drilled a hole through it and sent it back. Bottom line, Chinese precision is good enough for most things.

Let's hang on those words "most things". Mass produced, so many sold if you make a buck on each one you are a multimillionaire. We used to handle this type of market right here. It is easier to get a dollar each out of a million people than to a million from one. They have taken over all the really good mass markets in this country, and a few others. We got good missiles, we used to have good fighter jets but do still sell commercial commuter jumbo jets. We sell wheat but that has about the value of dirt.

"I have also heard (true or rumor) about China and S Korea stealing patents and designs."

Not just them, Israel too, and probably a few other places. I actually have a good design for something I am about to present to the money people, and I want it built here if that is affordable at all. Made in the US is a good selling point but also does not give the foreigners your design. I work for two companies now. One is a local place, but apparently they got money because they bought half interest in a leader in the industry. I am going to see i the local place has the money and present it to them for those reasons. When the product life cycle gets old then we will talk to the Chinese, which are the other company. But let's get ours first.

China steals technology patents, Israel mainly steals drug patents, they are under treaty not to do so but some countries aren't. Like wherever piratebay is, they told the US government to go fuck off because the copyright laws simply do not apply there. Copyrights and patents are only enforceable in places with an agreement, like a treaty or such. In the absence of that they can do whatever they want.

"Incidentally, that increase in living conditions would also raise prices on their goods "

They are already buying new cars with AC. They are living in apartments just like many Americans. They have computers and high speed internet access and even tablets and cellphones.

Granted, there are areas, like rural areas where people do not have these things but many countries, including the US have such places. And some of the people simply do not want all this shit. Seriously, look at the Amish. I really do not understand them people but the bottom line is that they are not bothering me.

Buddy of mine lives in West Salem Ohio. He said years ago city slickers came i and wanted all kinds of laws like in the city, for example if you have a car on your property it has to have license plates, which in this state means it has to be insured. They did it because they got a cut out of all the license plates, cities and counties can do that here. He said something to the effect "You people came down here to get away from the city and now you want to turn the place into the city". The motherfuckers in government got voted out pretty quick and things are back to normal. Like fucking with him for the barn, trying to make him tear it down. He rebuilt it. He ran into the mayor at the store and told him "We are making progress on it, every time you open your mouth we will slow down, we have a valid permit and there is nothing you can do about it, now, you were saying ? ".

Dasvedania.

T^T

(in reply to DominantWrestler)
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RE: Putin is awesome! - 8/4/2016 12:25:19 AM   
Greta75


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Joined: 2/6/2011
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FR
I read on CNN that Putin has 85% approval ratings in his own country.
The world thinks his evil, but he must be doing something right for his own country.

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RE: Putin is awesome! - 8/4/2016 4:44:37 AM   
WhoreMods


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Locking up or chasing out of the country anybody who disagrees with him, mostly.
Even the youngest Russians have parents who grew up under the old regime, and so know full well what it isn't safe to admit to a pollster who may well be handing on a list of names to somebody in a position of authority along with their results.

_____________________________

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RE: Putin is awesome! - 8/4/2016 7:04:36 AM   
Greta75


Posts: 9968
Joined: 2/6/2011
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quote:

ORIGINAL: WhoreMods

Locking up or chasing out of the country anybody who disagrees with him, mostly.
Even the youngest Russians have parents who grew up under the old regime, and so know full well what it isn't safe to admit to a pollster who may well be handing on a list of names to somebody in a position of authority along with their results.

So you're saying the 15% who gave negative answers, were probably all found and arrested! Haha! You know what is funny!

This is also what my country did in the past! My friend's dad voted for opposition and the ruling party came knocking at his door, and basically gave him 2 choices. Being held indefinitely in jail, OR get involve in community service for the ruling party. Volunteer in the programs they have to help foster harmony and good relationships in community. So he was forced into community service. And these community services were really good things, like reaching out to poor families and trying to listen to their problems and bring appropriate help to them. My friend's dad is in his late 70's so that was very long ago when he was in his early 30's. I think most people probably chose community service but the whole point is the party wants them involve to see the good they are doing. And they want these dissenters to contribute instead of complaining and going against, being negative.

But there are those who were indefinitely held because they rather go to jail than serve the community service. Which was what made my Leader labelled as Hitler Nazi dictator back then.

Everything Russia is accuse of, my country has done. But the results are so good right now. And things have changed and loosen up, as it will in Russia too. They will stop going after people who prefer opposition. I believe the eventual state of every country is loosening up, UNLESS they are stuck with Muslim Presidents like Turkey! Then that poor country is going the opposite direction.

I highly doubt Russia today is anything as oppressive as the old Russia.

< Message edited by Greta75 -- 8/4/2016 7:11:58 AM >

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RE: Putin is awesome! - 8/4/2016 8:59:45 AM   
MariaB


Posts: 2969
Joined: 4/3/2007
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quote:

ORIGINAL: MrRodgers

Well eventually is a very general term and I've written that in time way in the future, the dollar may suffer against other currencies and has to an extent already but the actual practical difference will be virtually unnoticeable for a long time here and doesn't mean inflation.

Russia and China have a long way to go before they are economic and military super powers. As for the 'acid trip' you think you view. I am not the one with the hallucinations. I am aware of the situation and I believe have a handle on what the future holds and for your lifetime too.


Lets not forget the 'golden dinar'. If the west hadn't turned Gadhafi into a bogeyman, then Libya and in fact the entire African continent would be kicking the western dollar into the long grass.

When China and Russia showed their disgust towards the West (re-Gadhafi) I could do nowt but hang my head in shame.




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RE: Putin is awesome! - 8/4/2016 12:18:07 PM   
thompsonx


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ORIGINAL: Greta75

I still don't understand why he got such a bad reputation. I think his a sensible and practical man.


That is because you feel that lying,cheating and stealing are good things?

(in reply to Greta75)
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RE: Putin is awesome! - 8/4/2016 12:27:49 PM   
thompsonx


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ORIGINAL: Greta75



This is also what my country did in the past! My friend's dad voted for opposition and the ruling party came knocking at his door, and basically gave him 2 choices. Being held indefinitely in jail, OR get involve in community service for the ruling party. Volunteer in the programs they have to help foster harmony and good relationships in community. So he was forced into community service. And these community services were really good things,

Why is forcing someone to do somehing they do not want to do a good thing?
Jesus you are phoquing stupid.




like reaching out to poor families and trying to listen to their problems and bring appropriate help to them. My friend's dad is in his late 70's so that was very long ago when he was in his early 30's. I think most people probably chose community service but the whole point is the party wants them involve to see the good they are doing. And they want these dissenters to contribute instead of complaining and going against, being negative.


Sounds like "my way or the highway

But there are those who were indefinitely held because they rather go to jail than serve the community service. Which was what made my Leader labelled as Hitler Nazi dictator back then.


He is still a nazi dictator.

Everything Russia is accuse of, my country has done. But the results are so good right now.


Why is 30% poverty rate a good thing?


And things have changed and loosen up, as it will in Russia too. They will stop going after people who prefer opposition.


You mean people who prefer freedom.


I believe the eventual state of every country is loosening up, UNLESS they are stuck with Muslim Presidents like Turkey! Then that poor country is going the opposite direction.

How is that nazi different than your nazi?



I highly doubt Russia today is anything as oppressive as the old Russia.


Making shit up again.

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RE: Putin is awesome! - 8/4/2016 12:35:12 PM   
thompsonx


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ORIGINAL: Greta75

If ya saw the Western Press during our Founder time of leading the beginnings of Singapore, they painted him like an evil Hitler oppressor too. Only after all the results were achieved in such a short time, they start writing more positive things about him.


That is because it is illegal to print anything negative about the punkassmotherfucker.
Jesus you are phoquing stupid.


(in reply to Greta75)
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RE: Putin is awesome! - 8/4/2016 1:01:12 PM   
WhoreMods


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Visual pun:


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RE: Putin is awesome! - 8/4/2016 3:19:59 PM   
MrRodgers


Posts: 10542
Joined: 7/30/2005
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quote:

ORIGINAL: MariaB


quote:

ORIGINAL: MrRodgers

Well eventually is a very general term and I've written that in time way in the future, the dollar may suffer against other currencies and has to an extent already but the actual practical difference will be virtually unnoticeable for a long time here and doesn't mean inflation.

Russia and China have a long way to go before they are economic and military super powers. As for the 'acid trip' you think you view. I am not the one with the hallucinations. I am aware of the situation and I believe have a handle on what the future holds and for your lifetime too.


Lets not forget the 'golden dinar'. If the west hadn't turned Gadhafi into a bogeyman, then Libya and in fact the entire African continent would be kicking the western dollar into the long grass.

When China and Russia showed their disgust towards the West (re-Gadhafi) I could do nowt but hang my head in shame.




The trouble is that as soon as anyone tries to come up with a new decisive international trading currency as you imply with gold for oil in the use of the dinar, the first question from investor's is...how many dollars is it worth ? The same has been tried with SDR from the IMF. (special drawing rights) It has amounted to little or nothing.

China and Russia made a currency pact. The world gave out a small collective yawn.

When the Russian and Chinese oligarchs need to spend big money at home, they sell/convert US dollars or Euros...to buy it.

The Chinese cut off their high rollers from Macau (casinos) because they were using it to convert their currency to Euros or dollars.

The Chinese govt. had to step in and stop their own people from converting so many Yuan to dollars.

Some perspective: when we passed TARP, the last fiscal year of Bush II, the US borrowed $1.4 Trillion. (almost 3 times our normal deficit) Guess what happened ? The world lent it to us and in no time and have lent us about 7 trillion more in the ensuing 8 years. All without a hitch, without inflation and with obvious and complete confidence.

If there was/is ever a point in the history of the survival of the current international monetary system...it has been the last 8 years and continues to this day and yes, for the foreseeable future.

Once again as to why this is. The whole world has an enduring confidence in the US dollar because of their confidence in the US economy, the dollar as a store of wealth and stubborn yet accurate assessment resulting in a great confidence in the American labor force which is what ultimately backs up a currency. The confidence in value as enhanced value applied by that labor and thus the products and services they will get in exchange for it.

As for Africa. That continent as a whole has to be the most corrupt, untrustworthy and financially inefficient...in the world. As for Libya, all it had was oil, the world uses about 95 million bbl of oil PER DAY. Libya highest oil production was 1.5 million bbls. per day. Just how was that going to have the influence you suggest ?

< Message edited by MrRodgers -- 8/4/2016 4:01:00 PM >


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Profile   Post #: 59
RE: Putin is awesome! - 8/4/2016 4:05:32 PM   
stef


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