EvC Forum: When Fascism Comes To America

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Topic: When Fascism Comes To America

Taq

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Message 213 of 303 (908769)
03-20-2023 12:48 PM

Reply to: Message 200 by Phat
03-19-2023 3:58 PM

Re: Grinding America Down

Phat writes:

Oh but it is! It is in fact an economic war.

How so?

I will attempt to explain how the US Economy came off of the rails starting in the early seventies and worsening every year since then.

Can you name one economy that is on the rails, just so we have something to compare to?

For example, can you name one country that uses a gold-backed currency? No?

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	Message 200 by Phat, posted 03-19-2023 3:58 PM		Phat has replied

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	Message 214 by Phat, posted 03-20-2023 1:05 PM		Taq has replied

Taq

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Posts: 10038

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Message 226 of 303 (908829)
03-21-2023 6:22 PM

Reply to: Message 214 by Phat
03-20-2023 1:05 PM

Re: Grinding America Down

Phat writes:

You bring up a good point. Global debt is over 100 trillion dollars. Modeern Monetary Theory seems to think that it is no big deal. It takes no Rocket Scientist to question their conclusions!

So I take it that you can't name a single economy in any country that is on the rails?

If so, then the US is probably sitting pretty since we are one of the strongest off the rails economies right now.

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	Message 214 by Phat, posted 03-20-2023 1:05 PM		Phat has not replied

Taq

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Member Rating: 5.3

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Message 227 of 303 (908830)
03-21-2023 6:28 PM

Reply to: Message 222 by Phat
03-21-2023 3:48 PM

Re: Grinding America Down

Phat writes:

Meanwhile, the BRICS nations plan on forming a new Global Reserve Currency backed by Gold, which China has been accumulating at an accelerating pace.

There's not enough gold in the world to do that. There's already a massive problem with paper gold where it is estimated that there is 50x to 200x paper gold (i.e. traded gold reserve certificates) than there is actual gold.

More to the point, the US's gold reserve is currently 4x that of China's and more than 2x of the next closest country, which is Germany.

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	Message 222 by Phat, posted 03-21-2023 3:48 PM		Phat has not replied

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