It’s going to be interesting to see what shakes out of Biden’s edict to the Treasury Dept to study and recommend the “how to’s” of dealing with crypto/digital currencies.
The Great Reset is the next phase they are planning, which essentially restores common people to the status of peasants, leaving only Klause and friends living like kings off all the stolen wealth.
Those could apply to Russia or China, at this point.
What does $$ equal in the US?? May not be oil, much longer. We know it’s not gold. As for “material goods”, what exactly does the USA manufacture these days (or at least, that COULDN’T be manufactured elsewhere)???
Money ($$) COULD equal LABOR, but nowadays, the US Govt hands money to people to sit on their azz.
The only other thing keeping the US Dollar afloat has been the fact that other countries used it to purchase things. If China/Russia/India don’t use it to buy goods, or accept it from folks looking to purchase the goods THEY make, then what VALUE does the US Dollar have????? It doesn’t even make good toilet paper...
In case you missed it the FED has been raising interest rates with more planned as needed.
This is the exact opposite of “quantitative easing “ that you hang your hat on.
You might want to do another review of your Austrian Monetary Theory.
Will it be enough to help the economy, yet still allow FedGov to meet interest payments?
In my view we’re long overdue for a recession. The yield curve just recently inverted (2 yr/ 10 yr). That has historical significance.
The one thing that could help our economy would be securely reestablishing our supply chain. Normal demand hasn’t slackened and there’s a pent up demand for housing especially with interest rates rising.
I love the part where we place sanctions on Russia selling gold.... these fuggin idiots are truly stupid. As the article says Russia will not be selling gold. They will sell gas/oil and accept payment in gold. The worlds gold will be flowing to Russia.... game over petro dollar.... But the campfire wants a dick measuring contest between Putin/ Zelinsky..... falling for the MSM propaganda
Exactly what Saddam Hussein did, but he wasn't big enough like Putin is. They broke then killed Hussein, but I don't think they'll do the same to Putin.
Those could apply to Russia or China, at this point.
What does $$ equal in the US?? May not be oil, much longer. We know it’s not gold. As for “material goods”, what exactly does the USA manufacture these days (or at least, that COULDN’T be manufactured elsewhere)???
Money ($$) COULD equal LABOR, but nowadays, the US Govt hands money to people to sit on their azz.
The only other thing keeping the US Dollar afloat has been the fact that other countries used it to purchase things. If China/Russia/India don’t use it to buy goods, or accept it from folks looking to purchase the goods THEY make, then what VALUE does the US Dollar have????? It doesn’t even make good toilet paper...
The USA is India's and China's biggest export market.
They won't be refusing Greenbacks any time soon.
John Burns
I have all the sources. They can't stop the signal.
I love the part where we place sanctions on Russia selling gold.... these fuggin idiots are truly stupid. As the article says Russia will not be selling gold. They will sell gas/oil and accept payment in gold. The worlds gold will be flowing to Russia.... game over petro dollar.... But the campfire wants a dick measuring contest between Putin/ Zelinsky..... falling for the MSM propaganda
Exactly what Saddam Hussein did, but he wasn't big enough like Putin is. They broke then killed Hussein, but I don't think they'll do the same to Putin.
Putin should watch his own back with those around him.
The markets will tell us when the back is broke. Once a few firms start selling it won’t stop. Until then, enjoy a 35k Dow.
Even though they have been propped up by quantitative easing etc.... ? oh and don't be mean to me for asking a question, like John B
In case you missed it the FED has been raising interest rates with more planned as needed.
This is the exact opposite of “quantitative easing “ that you hang your hat on.
You might want to do another review of your Austrian Monetary Theory.
They better raise the interest rates above the rate of inflation or it won't work.... says Paul Volker.... oh and the real inflation rate , not the phony CPI garbage
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
