My worry is that the dollar will lose so much value that the IMF starts talking about using another currency as they almost did in the last crash. I mean that’s the only thing that has kept this ship afloat. Our enemies financing our debt. Been that way for 30 plus years.
The people who are subsidizing our debt are people who view US treasury bills as a safe investment. It has nothing to do with our enemies. Would you rather hold Italian debt or US debt? It is that simple. The whole safe investment thing is jeopardized when we keep printing money. The dems want an explosion of debt and printed dollars. Get a little inflation started and then interest rates go up. We currently have $27 trillion in debt at an almost zero percent borrowing cost. 10 year US treasuries are yielding under 1%. For every 1% increase in the US borrowing rate, the interest on our debt will increase by $270 billion. That is unsustainable and at some point US treasuries will not be safe.
What you write makes intellectual sense. But then, the response would be found in the same (your) post: "safe" relative to what?
Which country is doing is right/better and therefore stands to jump into our? place as the global reserve currency?
Gold isn't a country. Neither is Bitcoin. Don't need a government if it can't do its job. The market will figure it out. Then - like Venezuela - the government will ban it. Scratch a leftist, find a fascist. Then the capital goes offshore.
I'll be candid here: I don't fundamentally understand bitcoin. And gold is as much a psychological play as currency. That is, in and of itself it has no inherent value other than for decorative purposes. It's a hunk of metal. You can't eat it or fuck it, and it doesn't keep you warm and dry. It's only valuable because there's a fixed amount of it, and people used to use it as a baseline for the dollar.
Which takes me to @UW_Doog_Bot 's response. If the underlying driver of the dollar is that it is a proxy for value creation in the US Economy, then we're only going to fuck it up by becoming a second/third world country. When that happens I'm not sure where the first world will be; surely whatever drives that catastropy would likely fuck everybody else up too. What he's saying, I think, is that the fundamentals are still there for us? relative to the rest of the world. On many levels, it is still the place to be, so, loosely at least, its currency is still the one to have. If this is political for you, I also don't recall Trump being a fan of raising rates either.
I get printing money because I tend to think about almost everything in supply / demand terms. But, again, as other economis experts have said on this board, we've? been hearing that forever and we? are Ted.Knight.gif waiting. Interest rates have been ridiculously low forever; so when is a loaf of bread going to cost me $20? Shouldn't it have happened by now? I honestly don't know the answer to that question, but I acknowledge it as a fair poont response from people smarter than I about these things.
I agree that gold, like Bitcoin is a psychological ploy. But no more than the US dollar. The government promises not to debase the dollar, while its actions certainly aren't supporting that promise. Interest rates remain low and the dollar strong because individuals are still trusting. Gold has been a trusted store of value and relatively transportable for thousands of years. Governments have tried debasing gold coins with base metals for the same period of time. Works for a little while and then the gold coins then aren't trusted. One pound of gold is worth about $26,000 at today's price. You rather have a pound of gold or a wheel barrel of German Weimar marks? If the baby boomers didn't/don't care to pay their debt, why would their children and grandchildren step up to the plate?
I’d rather have the 1000s of rounds I own of ammo than gold or any currency. We’re? heading toward lawlessness with police budgets being cut, and the Democrat politicians who vote for it will be the first to be robbed if shit goes down.
The stimulus stuff was FS. Should have kept things open as much as possible without negligently endangering people and slogged through the resulting recession. You can't print trillions of funny money and have it not lose value.
That is certainly my sense of it. There are economis guysms here, whose opinions I respect, who would argue: "I keep hearing about this super inflation and it never shows up."
TRYK.
There are many factors within the system that I have no concept of, for sure. I'm not an econ guy, but if everything is supposed to be based off of supply and demand I can't wrap my head around trillions more dollars being in the economy and that not making the cost of goods go up/value of cash go down. I know I've seen that happening to a certain degree at the grocery store.
Well, you should be thinking about it in terms of percentages. Sure, we printed $5 trill. Us economy is like $20 trill, the world economy that demands dollars is even bigger. It's a Lot but it's not that much in terms of a stimulus as far as the cut of the pie is concerned.
As scary as the debt numbers are our debt/gdp(income) ratio is still good for the developed world and miles ahead of China or Russia or the EU. Our economy is also backed up by loads of hard assets, land, and other stable stores of value.
Tell me, how much leverage would you take out if your lender was offering essentially 0% loans?
"The solution is universal testing. What you want is every single person to get tested for Covid every day. And then they would wear a badge like they would at a- after they voted or something like that to show that they've been tested. This would immediately sort out who's been infected and who hasn't been infected." - St. Louis FED President James Bullard
The stimulus stuff was FS. Should have kept things open as much as possible without negligently endangering people and slogged through the resulting recession. You can't print trillions of funny money and have it not lose value.
That is certainly my sense of it. There are economis guysms here, whose opinions I respect, who would argue: "I keep hearing about this super inflation and it never shows up."
TRYK.
There are many factors within the system that I have no concept of, for sure. I'm not an econ guy, but if everything is supposed to be based off of supply and demand I can't wrap my head around trillions more dollars being in the economy and that not making the cost of goods go up/value of cash go down. I know I've seen that happening to a certain degree at the grocery store.
Agreed. Like I said, it makes perfect sense, and when you're taking an econ exam, at least at the 100 level, that's probably the answer you should give. But as we say, No ... because we've doing it for a while and it has yet to manifest itself. Maybe the American economy is that bad ass and it keeps one step ahead. But it's reasonable to at least worry that it's not sustainable in the long term.
The stimulus stuff was FS. Should have kept things open as much as possible without negligently endangering people and slogged through the resulting recession. You can't print trillions of funny money and have it not lose value.
That is certainly my sense of it. There are economis guysms here, whose opinions I respect, who would argue: "I keep hearing about this super inflation and it never shows up."
TRYK.
There are many factors within the system that I have no concept of, for sure. I'm not an econ guy, but if everything is supposed to be based off of supply and demand I can't wrap my head around trillions more dollars being in the economy and that not making the cost of goods go up/value of cash go down. I know I've seen that happening to a certain degree at the grocery store.
Well, you should be thinking about it in terms of percentages. Sure, we printed $5 trill. Us economy is like $20 trill, the world economy that demands dollars is even bigger. It's a Lot but it's not that much in terms of a stimulus as far as the cut of the pie is concerned.
As scary as the debt numbers are our debt/gdp(income) ratio is still good for the developed world and miles ahead of China or Russia or the EU. Our economy is also backed up by loads of hard assets, land, and other stable stores of value.
Tell me, how much leverage would you take out if your lender was offering essentially 0% loans?
Yep. Makes total sense. If there is more demand to gobble up the supply, then you shouldn't have inflation.
Key is that demand remaining constant, and I guess the key to that is the US economy, from the standpoint of fundamental value creation (the pie), remains healthy and growing. If feeding it dollars accomplishes that, then we? should be fine save for some horrific externality that trumps all those forces and shuts thing down.
"The solution is universal testing. What you want is every single person to get tested for Covid every day. And then they would wear a badge like they would at a- after they voted or something like that to show that they've been tested. This would immediately sort out who's been infected and who hasn't been infected." - St. Louis FED President James Bullard
I didn't fuck off the latest of your weird posts because of the Brazilian chick. Otherwise, fuck off.
For all the fucking retards that are on this site, there are some pretty intelligent bits of knowledge that come out on alot of these threads also.
I thank you guys who are able to give me info for responses to some statements when arguing with Ivy Leaguers at bars. (Problem is I usually intersperse the word retard, so there's that too.)
That may be. You're saying there's a tipping point, before which you don't perceive what you're doing to yourself, and after which it's too late.
That may be. And, people being people, I can see folks running to gold or other false idols only to realize that when things have gone to hell in a handbasket nothing, apart from hard assets, really have value. It's all in relation to buying power.
And guns. Buy your guns today if you haven't already. I'm hearing they make a great bartering tool.
If the shit every truly hits the fan, you bet they would. And they'd be the last thing I'd let go of.
I've recenty inherited a bunch of guns. Nothing special; mostly hunting rifles and a 12 gauge. I'm thinking about buying a 9mm. When that tim comes, I'll post to Sleddy, Swaye and Yella, and anybody else here, for advice.
I have a Sig M17 on the way. They're in and out of stock, but I decided to buy now before the Dems steal GA and Biden taxes the hell out of firearms (he won't try to ban pistols, but AR's will be gone).
LOL @ anyone thinking 20 million ARs will be gone.
That may be. You're saying there's a tipping point, before which you don't perceive what you're doing to yourself, and after which it's too late.
That may be. And, people being people, I can see folks running to gold or other false idols only to realize that when things have gone to hell in a handbasket nothing, apart from hard assets, really have value. It's all in relation to buying power.
And guns. Buy your guns today if you haven't already. I'm hearing they make a great bartering tool.
If the shit every truly hits the fan, you bet they would. And they'd be the last thing I'd let go of.
I've recenty inherited a bunch of guns. Nothing special; mostly hunting rifles and a 12 gauge. I'm thinking about buying a 9mm. When that tim comes, I'll post to Sleddy, Swaye and Yella, and anybody else here, for advice.
I have a Sig M17 on the way. They're in and out of stock, but I decided to buy now before the Dems steal GA and Biden taxes the hell out of firearms (he won't try to ban pistols, but AR's will be gone).
LOL @ anyone thinking 20 million ARs will be gone.
That may be. You're saying there's a tipping point, before which you don't perceive what you're doing to yourself, and after which it's too late.
That may be. And, people being people, I can see folks running to gold or other false idols only to realize that when things have gone to hell in a handbasket nothing, apart from hard assets, really have value. It's all in relation to buying power.
And guns. Buy your guns today if you haven't already. I'm hearing they make a great bartering tool.
If the shit every truly hits the fan, you bet they would. And they'd be the last thing I'd let go of.
I've recenty inherited a bunch of guns. Nothing special; mostly hunting rifles and a 12 gauge. I'm thinking about buying a 9mm. When that tim comes, I'll post to Sleddy, Swaye and Yella, and anybody else here, for advice.
I have a Sig M17 on the way. They're in and out of stock, but I decided to buy now before the Dems steal GA and Biden taxes the hell out of firearms (he won't try to ban pistols, but AR's will be gone).
LOL @ anyone thinking 20 million ARs will be gone.
That may be. You're saying there's a tipping point, before which you don't perceive what you're doing to yourself, and after which it's too late.
That may be. And, people being people, I can see folks running to gold or other false idols only to realize that when things have gone to hell in a handbasket nothing, apart from hard assets, really have value. It's all in relation to buying power.
And guns. Buy your guns today if you haven't already. I'm hearing they make a great bartering tool.
If the shit every truly hits the fan, you bet they would. And they'd be the last thing I'd let go of.
I've recenty inherited a bunch of guns. Nothing special; mostly hunting rifles and a 12 gauge. I'm thinking about buying a 9mm. When that tim comes, I'll post to Sleddy, Swaye and Yella, and anybody else here, for advice.
I have a Sig M17 on the way. They're in and out of stock, but I decided to buy now before the Dems steal GA and Biden taxes the hell out of firearms (he won't try to ban pistols, but AR's will be gone).
LOL @ anyone thinking 20 million ARs will be gone.
I'm not talking about confiscation. I'm talking about new supply. Confiscation is when the civil war begins.
That may be. You're saying there's a tipping point, before which you don't perceive what you're doing to yourself, and after which it's too late.
That may be. And, people being people, I can see folks running to gold or other false idols only to realize that when things have gone to hell in a handbasket nothing, apart from hard assets, really have value. It's all in relation to buying power.
And guns. Buy your guns today if you haven't already. I'm hearing they make a great bartering tool.
If the shit every truly hits the fan, you bet they would. And they'd be the last thing I'd let go of.
I've recenty inherited a bunch of guns. Nothing special; mostly hunting rifles and a 12 gauge. I'm thinking about buying a 9mm. When that tim comes, I'll post to Sleddy, Swaye and Yella, and anybody else here, for advice.
I have a Sig M17 on the way. They're in and out of stock, but I decided to buy now before the Dems steal GA and Biden taxes the hell out of firearms (he won't try to ban pistols, but AR's will be gone).
LOL @ anyone thinking 20 million ARs will be gone.
I'm not talking about confiscation. I'm talking about new supply. Confiscation is when the civil war begins.
Most likely. It’ll be interesting to see how many comply with tax stamps and registration with the ATF. That’s the first step towards confiscation.
That may be. You're saying there's a tipping point, before which you don't perceive what you're doing to yourself, and after which it's too late.
That may be. And, people being people, I can see folks running to gold or other false idols only to realize that when things have gone to hell in a handbasket nothing, apart from hard assets, really have value. It's all in relation to buying power.
And guns. Buy your guns today if you haven't already. I'm hearing they make a great bartering tool.
If the shit every truly hits the fan, you bet they would. And they'd be the last thing I'd let go of.
I've recenty inherited a bunch of guns. Nothing special; mostly hunting rifles and a 12 gauge. I'm thinking about buying a 9mm. When that tim comes, I'll post to Sleddy, Swaye and Yella, and anybody else here, for advice.
I have a Sig M17 on the way. They're in and out of stock, but I decided to buy now before the Dems steal GA and Biden taxes the hell out of firearms (he won't try to ban pistols, but AR's will be gone).
LOL @ anyone thinking 20 million ARs will be gone.
I'm not talking about confiscation. I'm talking about new supply. Confiscation is when the civil war begins.
Most likely. It’ll be interesting to see how many comply with tax stamps and registration with the ATF. That’s the first step towards confiscation.
For legally purchased and owned extant firearms, that is confiscation in my book.
That may be. You're saying there's a tipping point, before which you don't perceive what you're doing to yourself, and after which it's too late.
That may be. And, people being people, I can see folks running to gold or other false idols only to realize that when things have gone to hell in a handbasket nothing, apart from hard assets, really have value. It's all in relation to buying power.
And guns. Buy your guns today if you haven't already. I'm hearing they make a great bartering tool.
If the shit every truly hits the fan, you bet they would. And they'd be the last thing I'd let go of.
I've recenty inherited a bunch of guns. Nothing special; mostly hunting rifles and a 12 gauge. I'm thinking about buying a 9mm. When that tim comes, I'll post to Sleddy, Swaye and Yella, and anybody else here, for advice.
I have a Sig M17 on the way. They're in and out of stock, but I decided to buy now before the Dems steal GA and Biden taxes the hell out of firearms (he won't try to ban pistols, but AR's will be gone).
LOL @ anyone thinking 20 million ARs will be gone.
I'm not talking about confiscation. I'm talking about new supply. Confiscation is when the civil war begins.
Most likely. It’ll be interesting to see how many comply with tax stamps and registration with the ATF. That’s the first step towards confiscation.
For legally purchased and owned extant firearms, that is confiscation in my book.
There's going to be more than tea thrown into the harbors if they try to retroactively institute a gun tax.
That may be. You're saying there's a tipping point, before which you don't perceive what you're doing to yourself, and after which it's too late.
That may be. And, people being people, I can see folks running to gold or other false idols only to realize that when things have gone to hell in a handbasket nothing, apart from hard assets, really have value. It's all in relation to buying power.
And guns. Buy your guns today if you haven't already. I'm hearing they make a great bartering tool.
If the shit every truly hits the fan, you bet they would. And they'd be the last thing I'd let go of.
I've recenty inherited a bunch of guns. Nothing special; mostly hunting rifles and a 12 gauge. I'm thinking about buying a 9mm. When that tim comes, I'll post to Sleddy, Swaye and Yella, and anybody else here, for advice.
I have a Sig M17 on the way. They're in and out of stock, but I decided to buy now before the Dems steal GA and Biden taxes the hell out of firearms (he won't try to ban pistols, but AR's will be gone).
LOL @ anyone thinking 20 million ARs will be gone.
I'm not talking about confiscation. I'm talking about new supply. Confiscation is when the civil war begins.
Most likely. It’ll be interesting to see how many comply with tax stamps and registration with the ATF. That’s the first step towards confiscation.
Imagine how the leftards would react to an abortion tax. To a poll tax. Requiring inmates to pay full judicial fees for a cruel and unusual punishment filing.
The stimulus stuff was FS. Should have kept things open as much as possible without negligently endangering people and slogged through the resulting recession. You can't print trillions of funny money and have it not lose value.
That is certainly my sense of it. There are economis guysms here, whose opinions I respect, who would argue: "I keep hearing about this super inflation and it never shows up."
TRYK.
There are many factors within the system that I have no concept of, for sure. I'm not an econ guy, but if everything is supposed to be based off of supply and demand I can't wrap my head around trillions more dollars being in the economy and that not making the cost of goods go up/value of cash go down. I know I've seen that happening to a certain degree at the grocery store.
Not an Economis guy either. But I do know that Trillions of dollars put into the Economy with most of those dollars determining production will catch up to you eventually unless things change.
Fast.
The Commercial Real Estate market is set to crater unless things open up for real in a few months. And that will be the first domino to fall.
That may be. You're saying there's a tipping point, before which you don't perceive what you're doing to yourself, and after which it's too late.
That may be. And, people being people, I can see folks running to gold or other false idols only to realize that when things have gone to hell in a handbasket nothing, apart from hard assets, really have value. It's all in relation to buying power.
And guns. Buy your guns today if you haven't already. I'm hearing they make a great bartering tool.
If the shit every truly hits the fan, you bet they would. And they'd be the last thing I'd let go of.
I've recenty inherited a bunch of guns. Nothing special; mostly hunting rifles and a 12 gauge. I'm thinking about buying a 9mm. When that tim comes, I'll post to Sleddy, Swaye and Yella, and anybody else here, for advice.
I have a Sig M17 on the way. They're in and out of stock, but I decided to buy now before the Dems steal GA and Biden taxes the hell out of firearms (he won't try to ban pistols, but AR's will be gone).
LOL @ anyone thinking 20 million ARs will be gone.
I'm not talking about confiscation. I'm talking about new supply. Confiscation is when the civil war begins.
Most likely. It’ll be interesting to see how many comply with tax stamps and registration with the ATF. That’s the first step towards confiscation.
That may be. You're saying there's a tipping point, before which you don't perceive what you're doing to yourself, and after which it's too late.
That may be. And, people being people, I can see folks running to gold or other false idols only to realize that when things have gone to hell in a handbasket nothing, apart from hard assets, really have value. It's all in relation to buying power.
And guns. Buy your guns today if you haven't already. I'm hearing they make a great bartering tool.
If the shit every truly hits the fan, you bet they would. And they'd be the last thing I'd let go of.
I've recenty inherited a bunch of guns. Nothing special; mostly hunting rifles and a 12 gauge. I'm thinking about buying a 9mm. When that tim comes, I'll post to Sleddy, Swaye and Yella, and anybody else here, for advice.
I have a Sig M17 on the way. They're in and out of stock, but I decided to buy now before the Dems steal GA and Biden taxes the hell out of firearms (he won't try to ban pistols, but AR's will be gone).
LOL @ anyone thinking 20 million ARs will be gone.
I'm not talking about confiscation. I'm talking about new supply. Confiscation is when the civil war begins.
Most likely. It’ll be interesting to see how many comply with tax stamps and registration with the ATF. That’s the first step towards confiscation.
That may be. You're saying there's a tipping point, before which you don't perceive what you're doing to yourself, and after which it's too late.
That may be. And, people being people, I can see folks running to gold or other false idols only to realize that when things have gone to hell in a handbasket nothing, apart from hard assets, really have value. It's all in relation to buying power.
And guns. Buy your guns today if you haven't already. I'm hearing they make a great bartering tool.
If the shit every truly hits the fan, you bet they would. And they'd be the last thing I'd let go of.
I've recenty inherited a bunch of guns. Nothing special; mostly hunting rifles and a 12 gauge. I'm thinking about buying a 9mm. When that tim comes, I'll post to Sleddy, Swaye and Yella, and anybody else here, for advice.
I have a Sig M17 on the way. They're in and out of stock, but I decided to buy now before the Dems steal GA and Biden taxes the hell out of firearms (he won't try to ban pistols, but AR's will be gone).
LOL @ anyone thinking 20 million ARs will be gone.
I'm not talking about confiscation. I'm talking about new supply. Confiscation is when the civil war begins.
Most likely. It’ll be interesting to see how many comply with tax stamps and registration with the ATF. That’s the first step towards confiscation.
Comments
As scary as the debt numbers are our debt/gdp(income) ratio is still good for the developed world and miles ahead of China or Russia or the EU. Our economy is also backed up by loads of hard assets, land, and other stable stores of value.
Tell me, how much leverage would you take out if your lender was offering essentially 0% loans?
"The solution is universal testing. What you want is every single person to get tested for Covid every day.
And then they would wear a badge like they would at a- after they voted or something like that to show that they've been
tested. This would immediately sort out who's been infected and who hasn't been infected." - St. Louis FED President
James Bullard
I got nothing more on it.
Key is that demand remaining constant, and I guess the key to that is the US economy, from the standpoint of fundamental value creation (the pie), remains healthy and growing. If feeding it dollars accomplishes that, then we? should be fine save for some horrific externality that trumps all those forces and shuts thing down.
Like a fucking pandemic or something.
I thank you guys who are able to give me info for responses to some statements when arguing with Ivy Leaguers at bars. (Problem is I usually intersperse the word retard, so there's that too.)
Just add gun confiscation/registration for large fee scheme to it.
Fast.
The Commercial Real Estate market is set to crater unless things open up for real in a few months. And that will be the first domino to fall.
That worked out well the last time....