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Author | Topic: Testing The Financial Apologists | |||||||||||||||||||||||||||||||||||||||||||
Phat Member Posts: 18315 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
Tanypteryx writes: Sometimes one has to swallow the bitter medicine. The US public at large will suffer together during this next Depression. Still waiting for YOUR solution. 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.
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Tanypteryx Member Posts: 4414 From: Oregon, USA Joined: Member Rating: 5.4 |
So, you've got nothing, that's what I figured.
Stop Tzar Vladimir the Condemned! What if Eleanor Roosevelt had wings? -- Monty Python One important characteristic of a theory is that is has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie If evolution is shown to be false, it will be at the hands of things that are true, not made up. --percy The reason that we have the scientific method is because common sense isn't reliable. -- Taq
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Tangle Member Posts: 9505 From: UK Joined: Member Rating: 4.8 |
Doom! Doom! We're all doomed!
Just another loony tunes Christian, begging and praying for the apocalypse.Je suis Charlie. Je suis Ahmed. Je suis Juif. Je suis Parisien. I am Mancunian. I am Brum. I am London. Olen Suomi Soy Barcelona. I am Ukraine. "Science adjusts it's views based on what's observed.
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Phat Member Posts: 18315 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
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.
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PaulK Member Posts: 17825 Joined: Member Rating: 2.2
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Perhaps you’d like to answer Message 200 to show that you’re not completely clueless?
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Tanypteryx Member Posts: 4414 From: Oregon, USA Joined: Member Rating: 5.4
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Phat writes: 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. 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?
Phat writes: And we may see a bit of political revolution as well. May as well clean house thoroughly. 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.Stop Tzar Vladimir the Condemned! What if Eleanor Roosevelt had wings? -- Monty Python One important characteristic of a theory is that is has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie If evolution is shown to be false, it will be at the hands of things that are true, not made up. --percy The reason that we have the scientific method is because common sense isn't reliable. -- Taq
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Theodoric Member Posts: 9150 From: Northwest, WI, USA Joined: Member Rating: 3.3
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The dollar strengthened against every single currency in BRICS. Every single last one of them.
https://twitter.com/...hk/status/1645732207565193218/photo/1 What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness. If your viewpoint has merits and facts to back it up why would you have to lie?
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Phat Member Posts: 18315 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
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.
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Phat Member Posts: 18315 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
Tanypteryx writes: 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, 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?
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Tanypteryx Member Posts: 4414 From: Oregon, USA Joined: Member Rating: 5.4
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Phat writes: God will give the Western people the grace to accept their mistake and to rebuild... So, in other words, "We're on our own."Stop Tzar Vladimir the Condemned! What if Eleanor Roosevelt had wings? -- Monty Python One important characteristic of a theory is that is has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie If evolution is shown to be false, it will be at the hands of things that are true, not made up. --percy The reason that we have the scientific method is because common sense isn't reliable. -- Taq
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Theodoric Member Posts: 9150 From: Northwest, WI, USA Joined: Member Rating: 3.3
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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.
(The inflated US Dollar which is worth 90% less than it was in 1944 in terms of purchasing power)
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?
The Gold always backs the dollar. The dollar never gives gold its value.
What does that mean?
Gold has been the standard that backs money for 5000 years.
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.
Gold IS money No, it is not. I can not go buy groceries with gold.
is because we inflated our currency
How? Explain what you are trying to say.What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness. If your viewpoint has merits and facts to back it up why would you have to lie?
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Tanypteryx Member Posts: 4414 From: Oregon, USA Joined: Member Rating: 5.4
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Phat writes: (Likely there will be a basket of currencies that share global reserve status, but the dollar will no longer be the primary one) 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?Stop Tzar Vladimir the Condemned! What if Eleanor Roosevelt had wings? -- Monty Python One important characteristic of a theory is that is has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie If evolution is shown to be false, it will be at the hands of things that are true, not made up. --percy The reason that we have the scientific method is because common sense isn't reliable. -- Taq
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DrJones* Member Posts: 2285 From: Edmonton, Alberta, Canada Joined: Member Rating: 8.3
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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
Phat you slack jawed yokel, the "loose alliance" IS NATO! NATO has actually expanded with the addition of Finland and soon Sweden.It's not enough to bash in heads, you've got to bash in minds soon I discovered that this rock thing was true Jerry Lee Lewis was the devil Jesus was an architect previous to his career as a prophet All of a sudden i found myself in love with the world And so there was only one thing I could do Was ding a ding dang my dang along ling long - Jesus Built my Hotrod Ministry Live every week like it's Shark Week! - Tracey Jordan Just a monkey in a long line of kings. - Matthew Good If "elitist" just means "not the dumbest motherfucker in the room", I'll be an elitist! - Get Your War On *not an actual doctor
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Phat Member Posts: 18315 From: Denver,Colorado USA Joined: Member Rating: 1.1 |
And what is NATOs position regarding Communist China?
Start here: NATO’s Pivot to China: A Challenging Path CSIS:There has even been talk that, if Ukraine begins gaining ground, China will sell military equipment to Russia.
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Theodoric Member Posts: 9150 From: Northwest, WI, USA Joined: Member Rating: 3.3 |
More gish gallop
What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness. If your viewpoint has merits and facts to back it up why would you have to lie?
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