Argentines Flock to Black-Market US Dollars as Economic Woes Mount
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Need @UW_Doog_Bot to learn us here....is the response to the Covid pandemic going to destroy half the worlds economies or what?
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No. It will usher in a glorious age of socialismSwaye said:Need @UW_Doog_Bot to learn us here....is the response to the Covid pandemic going to destroy half the worlds economies or what?
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and China will be circling Central and South America like a vulturePitchfork51 said:
No. It will usher in a glorious age of socialismSwaye said:Need @UW_Doog_Bot to learn us here....is the response to the Covid pandemic going to destroy half the worlds economies or what?
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It's going to ass-rape economies across the world and that's putting it lightly. Luckily, as I've mentioned elsewhere and as this example illustrates, US dollars and treasuries are IT. The US is probably the only economy that has a chance of reasonably weathering this as simply a "normal" recession other than I guess maybe Sweden?Swaye said:Need @UW_Doog_Bot to learn us here....is the response to the Covid pandemic going to destroy half the worlds economies or what?
The Fed could QE another 5 trillion and demand won't blink imo. Everyone in the world is rushing into dollars as the reserve currency because what else is there that's a stable hold of value? If anything, the FED is going to have to continue to print money just to keep liquidity in the markets as everyone holds their dollars. We MIGHT get inflation on the back end of that as everyone unloads their cash when things settle but I doubt it will be the kind we worry about since their will be a lot of deflationary pressure at the same time.
My major concern is that loads of this printed money is going to go to Wall Street, major banks, government entities, and major corporations which will exacerbate the wealth gap while main street is seriously in trouble from this. That in turn could lead to more populism and calls for socialism despite the fact that this is, in fact, how socialism works.
I wonder what @insinceredawg's thoughts are on the matter. I'm sure it's as deep as something HH or Bearswiin has on international monetary economics. -
DerekJohnson said:
and China will be circling Central and South America like a batPitchfork51 said:
No. It will usher in a glorious age of socialismSwaye said:Need @UW_Doog_Bot to learn us here....is the response to the Covid pandemic going to destroy half the worlds economies or what?
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DerekJohnson said:
and China will be circling Central and South America like a vulturePitchfork51 said:
No. It will usher in a glorious age of socialismSwaye said:Need @UW_Doog_Bot to learn us here....is the response to the Covid pandemic going to destroy half the worlds economies or what?
Like fuck they will.
Invacion!!!
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Weird silence in this thread from all of our resident economic experts.
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dnc said:DerekJohnson said:
and China will be circling Central and South America like a batPitchfork51 said:
No. It will usher in a glorious age of socialismSwaye said:Need @UW_Doog_Bot to learn us here....is the response to the Covid pandemic going to destroy half the worlds economies or what?
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I thought you were gonna go with thisGrundleStiltzkin said:dnc said:DerekJohnson said:
and China will be circling Central and South America like a batPitchfork51 said:
No. It will usher in a glorious age of socialismSwaye said:Need @UW_Doog_Bot to learn us here....is the response to the Covid pandemic going to destroy half the worlds economies or what?
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So much for the Straight Outta Tha Lab correction.dnc said:
I thought you were gonna go with thisGrundleStiltzkin said:dnc said:DerekJohnson said:
and China will be circling Central and South America like a batPitchfork51 said:
No. It will usher in a glorious age of socialismSwaye said:Need @UW_Doog_Bot to learn us here....is the response to the Covid pandemic going to destroy half the worlds economies or what?
