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Joined: Oct 2002
Posts: 13,430
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2002
Posts: 13,430 |
With Trump as president the rest of the world at least had some confidence we would pay back our debt, Biden not so much. We know Soros and China want to see the dollar fail, as that is the best way to kill an economy. The Federal reserve has been buying up our bonds to prop up the dollar and doing so with printed money only backed up by the belief that we will be good for our debt. If interest rates rise 2% the interest on our debt will soon be impossible for us to pay.
Dog I rescued in January
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Joined: Feb 2011
Posts: 5,856
Campfire Tracker
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Campfire Tracker
Joined: Feb 2011
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If the dollar fails, so will every other currency in the world. PS--People have been saying this for forever.
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Joined: Jul 2013
Posts: 9,189
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2013
Posts: 9,189 |
It isn't "supposed". It is inevitable. There is no way around it now, and the monetary policies of every entity who can make them have all been directed toward that end. It has nothing to do with paying off any debt. It's all a con game based on Monopoly money. When all is said and done, it's all about slavery, but by another name.
I belong on eroding granite, among the pines.
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Joined: Dec 2012
Posts: 7,692
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2012
Posts: 7,692 |
If the dollar fails, so will every other currency in the world. PS--People have been saying this for forever. Uh,,, no!
if a man speaks, and there isn't a woman around to hear him, is he still wrong?
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Joined: Mar 2013
Posts: 27,091
Campfire Ranger
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Campfire Ranger
Joined: Mar 2013
Posts: 27,091 |
In 6 months or less we will be up to 30 trillion in the hole. Hole only get deeper faster from that point.
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Joined: Oct 2002
Posts: 13,430
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2002
Posts: 13,430 |
Well if Biden shuts down the economy we will without doubt not be able to keep up our interest payments. Bet 2021 will be a weak year for tax collection also. Some big states didn't produce anything in 2020.
Dog I rescued in January
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Joined: Jan 2012
Posts: 45,029 Likes: 25
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2012
Posts: 45,029 Likes: 25 |
When the oil markets shift away from USD rate per barrel to the Euro or what the fugg the bucketheads call their money.
It will be a sign of the end for good...
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Joined: Oct 2002
Posts: 13,430
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2002
Posts: 13,430 |
When the oil markets shift away from USD rate per barrel to the Euro or what the fugg the bucketheads call their money.
It will be a sign of the end for good... Then both Soros and China win.
Dog I rescued in January
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Joined: Sep 2006
Posts: 23,639
Campfire Ranger
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Campfire Ranger
Joined: Sep 2006
Posts: 23,639 |
Unless something dramatic happens, within a year, the Demon's policies & actions will cause the dollar to lose value, interest rates will rise, inflation will rise, gas will hit $4+/gal, we will go from exporting oil to importing oil & the market will be be dropping, maybe by 25% or so.
Book it.
By then, if it already hasn't, the schitt will be hitting the fan.
Gold looks good to me.
MM
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
When the oil markets shift away from USD rate per barrel to the Euro or what the fugg the bucketheads call their money.
It will be a sign of the end for good... This^^^ when the petro dollar ends and it will soon the dollar will be kinda like monopoly money
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Sep 2017
Posts: 2,795
Campfire Regular
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Campfire Regular
Joined: Sep 2017
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The M1 will continue to expand until there is signs of inflation.
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Joined: Dec 2005
Posts: 3,019 Likes: 3
Campfire Tracker
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Campfire Tracker
Joined: Dec 2005
Posts: 3,019 Likes: 3 |
With Trump as president the rest of the world at least had some confidence we would pay back our debt, Biden not so much. It's comforting to see you can speak for the "rest of the world". But I'm curious as to how you come to this conclusion? Was it your confidence in Trump that brought you to such a conclusion and you assume the "rest of the world" shares the same confidence as you? Year National debt (in billion U.S. dollars) '20 26,945.39 '19 22,719.4 '18 21,516.06 '17 20,244.9 '16 19,573.45 '15 18,150.62 '14 17,824.07 '13 16,738.18 '12 16,066.24 '11 14,790.34 '10 13,561.62 '09 11,909.83 '08 10,024.72
Padded VA Hospital Rooms for $1000 Alex My ignoree,s will never be Rock Stars on 24 hr campfire.....Like me!!!! What are psychotic puppet hunters?
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Joined: Oct 2002
Posts: 13,430
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2002
Posts: 13,430 |
With Trump as president the rest of the world at least had some confidence we would pay back our debt, Biden not so much. It's comforting to see you can speak for the "rest of the world". But I'm curious as to how you come to this conclusion? Was it your confidence in Trump that brought you to such a conclusion and you assume the "rest of the world" shares the same confidence as you? Year National debt (in billion U.S. dollars) '20 26,945.39 '19 22,719.4 '18 21,516.06 '17 20,244.9 '16 19,573.45 '15 18,150.62 '14 17,824.07 '13 16,738.18 '12 16,066.24 '11 14,790.34 '10 13,561.62 '09 11,909.83 '08 10,024.72 Pay it back or at least maintain interest payments. Are you blaming Trump for the heavy handed way Pelosi runs the house and the RINO's in the Senate? And you don't think the CCP virus had an impact on revenue? I hate to break it to you but a president is not responsible for what congress demands. Remember when Trump shut down the govt for less than a month over a spending bill? And how both sides howled over it? Looking at it over that year spread it looks like our debt expanded a bit more than a trillion a year. Just wait till they find out how screwed they/we are over collected taxes in April.
Dog I rescued in January
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
The M1 will continue to expand until there is signs of inflation. This. and a certain amount of inflation is targeted. Presently the USA is still the tallest financial midget in the world. The whole world is awash in debt.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Dec 2005
Posts: 3,019 Likes: 3
Campfire Tracker
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Campfire Tracker
Joined: Dec 2005
Posts: 3,019 Likes: 3 |
Are you blaming Trump for the heavy handed way Pelosi runs the house and the RINO's in the Senate? I'm not blaming anyone for anything, I just asked a question. I hate to break it to you but a president is not responsible for what congress demands. Much like every president we've ever had. You have nothing to "break" to me, I'm quite aware of political workings.
Padded VA Hospital Rooms for $1000 Alex My ignoree,s will never be Rock Stars on 24 hr campfire.....Like me!!!! What are psychotic puppet hunters?
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Joined: Dec 2017
Posts: 4,576
Campfire Tracker
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Campfire Tracker
Joined: Dec 2017
Posts: 4,576 |
Unless something dramatic happens, within a year, the Demon's policies & actions will cause the dollar to lose value, interest rates will rise, inflation will rise, gas will hit $4+/gal, we will go from exporting oil to importing oil & the market will be be dropping, maybe by 25% or so.
Book it.
By then, if it already hasn't, the schitt will be hitting the fan.
Gold looks good to me.
MM
I'll be very surprised if we don't see $4.00 a gallon gas this summer.
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Joined: Mar 2001
Posts: 12,156
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2001
Posts: 12,156 |
We know Soros and China want to see the dollar fail China doesn’t want to see the dollar fail, they hold massive amounts of our debt and don’t want it devalued.
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Joined: Feb 2018
Posts: 10,143 Likes: 4
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2018
Posts: 10,143 Likes: 4 |
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Joined: Feb 2018
Posts: 10,143 Likes: 4
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2018
Posts: 10,143 Likes: 4 |
With Trump as president the rest of the world at least had some confidence we would pay back our debt, Biden not so much. It's comforting to see you can speak for the "rest of the world". But I'm curious as to how you come to this conclusion? Was it your confidence in Trump that brought you to such a conclusion and you assume the "rest of the world" shares the same confidence as you? Year National debt (in billion U.S. dollars) '20 26,945.39 '19 22,719.4 '18 21,516.06 '17 20,244.9 '16 19,573.45 '15 18,150.62 '14 17,824.07 '13 16,738.18 '12 16,066.24 '11 14,790.34 '10 13,561.62 '09 11,909.83 '08 10,024.72 I think that's Trillions not billions. We round up billions these days.
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Joined: Feb 2011
Posts: 5,856
Campfire Tracker
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Campfire Tracker
Joined: Feb 2011
Posts: 5,856 |
With Trump as president the rest of the world at least had some confidence we would pay back our debt, Biden not so much. It's comforting to see you can speak for the "rest of the world". But I'm curious as to how you come to this conclusion? Was it your confidence in Trump that brought you to such a conclusion and you assume the "rest of the world" shares the same confidence as you? Year National debt (in billion U.S. dollars) '20 26,945.39 '19 22,719.4 '18 21,516.06 '17 20,244.9 '16 19,573.45 '15 18,150.62 '14 17,824.07 '13 16,738.18 '12 16,066.24 '11 14,790.34 '10 13,561.62 '09 11,909.83 '08 10,024.72 I think that's Trillions not billions. We round up billions these days. It's both. Look at the figures again. That a comma, not a decimal. 26,945 billion equals 26.945 trillion.
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