Testing The Financial Apologists

Sometimes one has to swallow the bitter medicine. The US public at large will suffer together during this next Depression.With God's grace, we will get through it.And we may see a bit of political revolution as well. May as well clean house thoroughly.

So, you've got nothing, that's what I figured.

Doom! Doom! We're all doomed!Just another loony tunes Christian, begging and praying for the apocalypse.

What does forecasting an economic depression have to do with the apocalypse? You claim to be a financial guy, yet you obviously have your head in the clouds.

Perhaps you’d like to answer Message 200 to show that you’re not completely clueless?

So, what do you figure God is going to do, make more gold, do away with fiat money, pay off the debt, give you money...what? The house will never be clean as long as Trump and his henchmen and the rest of the insurrectionists in the U.S. Congress are not imprisoned, no one is above the law and those people are still trying to steal our democracy.

The dollar strengthened against every single currency in BRICS. Every single last one of them.
https://twitter.com/...hk/status/1645732207565193218/photo/1

Whats your point? The dollar will remain "strong" until its not. And that will be sooner than you think. I know I know...you will ask me for "proof" and data...and there is plenty of talk out there, but I think that the Dems and their loose alliance to help Ukraine are all thats left of the Western Alliance that used to be NATO. The first mistake was weaponizing the dollar and threatening sanctions against whomever did not march to the Western drummer. Iran, Iraq, Russia, and others.Everyone knows that a global reserve currency should not be used to punish people or nations...it should be impartial. You all ignored that advice and now an increasingly long list of nations are beginning to consider alternatives to the US Dollar. (The inflated US Dollar which is worth 90% less than it was in 1944 in terms of purchasing power) In 1944, Breton Woods established the US Dollar(backed by Gold) as the primary global reserve currency. Nixon decoupled the dollar from the gold only because other nations were demanding to be paid in gold rather than dollars due to inflation due to the Viet Nam war, among other things.
Follow the politics. Nixon, (a Conservative) said that the arrangement was temporary. Ford, (a Conservative) made it legal to own gold and other precious metals in 1974. After that, the Liberals decided to go permanently with the fiat money system globally since (as you guys naively claim) there is not enough gold to back the dollars. Yet you have it all backwards. The Gold always backs the dollar. The dollar never gives gold its value. Gold has been the standard that backs money for 5000 years. Gold IS money. The error of the progressives of the world is that they believe that people back the value of anything and everything, forgetting that people never agree...thus the value is in question. You will see this shift in value within the next 5 years at the very latest.(I personally see it happening sooner) and the gold, counter-cyclical to the US dollar will reclaim its global throne of value. The BRICS nations wisely know this to be a fact.The Dollar will get dumped globally as everyone of any consequence gets on board the new alliance. I'm not saying that we will become allied with BRICS..but we will acknowledge their newly acquired global reserve status. (Likely there will be a basket of currencies that share global reserve status, but the dollar will no longer be the primary one)The reason, again, is because we inflated our currency and that is a boneheaded move. That is the duping that I am trying to explain to Damselfly.And frankly, I don't care if all of you laugh at, ridicule, or even ignore my case. I will be right on this one.Need more proof? I will share it as I find it.

God will give the Western people the grace to accept their mistake and to rebuild...being suddenly very poor. The debt will likely be inflated and renegotiated. And I will be as broke as everyone else.

So, in other words, "We're on our own."

You are not addressing my post at all. You rarely address what is posted and instead, go on a gish gallop and build straw man arguments. Your post is so full of utter stupidity I must respond. You don't even know what this means, do you? How about you compare it to other currencies?I have asked before and you ran and hid. What is the plan to back a currency by gold? How could that be done?Name one reputable economist that wants to couple currency to the price of gold. why not titanium? Wheat? Oil? Salt? What does that mean? Wrong. The gold standard started in the late 1800's. The first gold coin was minted in 600 BCE. In the history of currency, gold was rarely used. No, it is not. I can not go buy groceries with gold. How? Explain what you are trying to say.

And what specific consequence do you predict that will have on my life, or your life? What will change in transactions between shop owners and customers, or shop owners and their suppliers, or farmers and their customers, or or truck owners and the producers they transport for? How will I pay a plumber or a doctor?

Phat you slack jawed yokel, the "loose alliance" IS NATO! NATO has actually expanded with the addition of Finland and soon Sweden.

And what is NATOs position regarding Communist China?
Start here: NATO’s Pivot to China: A Challenging Path

CSIS:

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Even though China does not pose a direct military threat to NATO, contrary to Russia or terrorist groups, Beijing’s growing economic influence and diplomatic assertiveness in Europe coupled with its growing military relationship with Russia do have major implications for the transatlantic economy as well as its security.

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Chinese investments in critical infrastructure across Europe, from telecommunications networks to port facilities, could weaken NATO’s ability to respond to international crises diplomatically and, if necessary, militarily. China’s majority ownership positions in about 10 percent of all European port capacity and its investments in civilian roads and rails in Eastern Europe potentially complicate NATO’s military mobility and readiness in a crisis situation. Similarly, if some allies include Huawei equipment in their 5G networks, questions about the integrity of their telecommunications would be raised given the close ties of the company with the Chinese Communist Party. Sensitive defense supply chains of allies can also be overly dependent on China, as recently witnessed with the F-35 fighter jets.

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China’s military reach is also getting closer to the Euro-Atlantic region. The Russian and Chinese navies have conducted joint military exercises in the Mediterranean and Baltic Seas, signaling a burgeoning military cooperation between Beijing and Moscow. Collaboration between China and Russia grows stronger in the Arctic, where both countries invest in natural gas projects as well as in transport corridors as part of an effort known as the “Polar Silk Road” or the “Northern Sea Route.” Beyond the Euro-Atlantic area, China is developing modern military capabilities (long-range missiles, aircraft carriers, and nuclear attack submarines) with potentially serious security implications for NATO given their global reach. Likewise, China is investing in counter-space weapons that could potentially threaten any NATO satellite. Allies are also regularly the targets of cyberattacks originating from China-based hackers.

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There has even been talk that, if Ukraine begins gaining ground, China will sell military equipment to Russia.

More gish gallop