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Old 06-20-2017, 08:11 AM
 
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Enabling rent serfs to retain their own wealth - enabling them to fund their own retirement rather than their landlord's retirement - would be a great start.

 
Old 06-20-2017, 08:17 AM
 
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Originally Posted by freemkt View Post
Enabling rent serfs to retain their own wealth - enabling them to fund their own retirement rather than their landlord's retirement - would be a great start.

What wealth? Renters have income they're blowing away with no opportunity to build wealth.
 
Old 06-20-2017, 08:43 AM
 
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Originally Posted by Thatsright19 View Post
Babble? You might want to search up in an event called world war 2. Who set up the imf, world bank, UN, wto? Who took over as the worlds reserve currency? Who was able to take British secrets in exchange for radar against uboats? Who was able to take German scientific secrets? What country other than the United States had an untouched industrial capacity? Russia? JPN? Germany? England? Lol...

Who in 1971, because of strategic partners in world war 2 victory zones (Japan and Europe) was allowed to leave the gold standard (to fight those evil reds as the leader of the free world!!!)and eventually have the u.s dollar float as the new "gold" and be backed by opecs oil reserves. A Commodity far more valuable , and more essential to modern economies and militaries?

Other than controlling every political, economic, and military organization by veto power, sure. It's all babble.

The United States was basically handed the crumbling British empire after they were bled to death after 2 world wars and ran with it on steroids.

With a navy unchallenged on the sea, which is historically the way to maritime trade and wealth. A country defensible from 2 oceans and nuclear weapons, with the ability to print fiat currency (rather than set up colonies like Britain)in exchange for the world's real resources and labor. They don't call it the almighty dollar for nothing.


No no let's live in pub911 land where it was all because Americans are exceptional and eat apple pies! We're able to consume 25 percent of the worlds resouces with 3 percent of world population just....because we're that star spangled awesome.
This may be 95% true but we (I) can't help when and where I was born.

As you say, that era is coming to a close. The Chinese economy has already exceeded ours and we will have to change and adapt if we desire a civilized future. So far we are not taking well to the idea that others are superior (in many ways), but give it time. Sooner or later one has to "get it" when a vast percentage of our population lives in poverty, are opiate addicts or have a propensity to violence.
 
Old 06-20-2017, 09:18 AM
 
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China's per capital GDP is still something like 6 times lower. They still have a ways to go. They will also need to get the yuan to be part of the basket of reserve currencies.
 
Old 06-20-2017, 09:38 AM
 
Location: Portal to the Pacific
4,678 posts, read 4,582,667 times
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Quote:
Originally Posted by craigiri View Post
This may be 95% true but we (I) can't help when and where I was born.

As you say, that era is coming to a close. The Chinese economy has already exceeded ours and we will have to change and adapt if we desire a civilized future. So far we are not taking well to the idea that others are superior (in many ways), but give it time. Sooner or later one has to "get it" when a vast percentage of our population lives in poverty, are opiate addicts or have a propensity to violence.
China may have a 100 million millionaires (or something like that), but that is 100 million out of 1 billion. The rest are quite poor.

Still, I see your point. Seattle's real estate market has attracted a lot of Chinese investment, especially since Vancouver, BC put a hefty tax on foreign home buyers. Unless you're a high income professional in tech, law or medicine, it's becoming increasingly difficult to find affordable housing. Many of the Chinese are paying more and paying cash.

As long as they are coming over to live here and be apart of America, but what freaks me out is when they just buy homes for investment purposes only. Like the invasion from within....

It makes me appreciate what the rest of the world has had to put up with.. with our military bases and corporations, and in places like Mexico or Costa Rica.. people moving in and taking advantage of cheap living and cheap labor.

Messy world we live in.
 
Old 06-20-2017, 11:10 AM
 
4,229 posts, read 1,905,340 times
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Quote:
Originally Posted by Thatsright19 View Post
Which part of it is wrong?
Pretty much all of it was wrong. You overstated the extent, duration, and implications of reduced foreign productive capacity after WWII. You didn't mention multiple US recessions of the era. You appear not to know what a reserve currency is or how many of those there might be. You botched the roles of both gold and oil in the international arena. Doesn't leave much.
 
Old 06-20-2017, 11:17 AM
 
4,229 posts, read 1,905,340 times
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Quote:
Originally Posted by Thatsright19 View Post
China's per capital GDP is still something like 6 times lower. They still have a ways to go. They will also need to get the yuan to be part of the basket of reserve currencies.
Oh dear. Renminbi has been included in the SDR market basket of currencies since last October. Word must be slow in getting out to you.
 
Old 06-20-2017, 12:42 PM
 
2,240 posts, read 1,386,969 times
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Originally Posted by Pub-911 View Post
Oh dear. Renminbi has been included in the SDR market basket of currencies since last October. Word must be slow in getting out to you.
Last time I heard anything about it, they were denied entry. Oh well.
 
Old 06-20-2017, 12:44 PM
 
2,240 posts, read 1,386,969 times
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Quote:
Originally Posted by Pub-911 View Post
Pretty much all of it was wrong. You overstated the extent, duration, and implications of reduced foreign productive capacity after WWII. You didn't mention multiple US recessions of the era. You appear not to know what a reserve currency is or how many of those there might be. You botched the roles of both gold and oil in the international arena. Doesn't leave much.

Explain why. Moderator cut: . I understand what a reserve currency is. And the usd is the dominant reserve currency at over 60 percent. The other major ones, mainly Japan, U.K., and the euro are our closest allies.

Last edited by toosie; 06-27-2017 at 02:28 PM.. Reason: Personal - profanity - troll accusation
 
Old 06-20-2017, 01:17 PM
 
4,229 posts, read 1,905,340 times
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Quote:
Originally Posted by Thatsright19 View Post
Last time I heard anything about it, they were denied entry. Oh well.
Well, that's pretty far behind the times to be out there pontificating about such things.
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