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Well, this type of topic can generate strong opinions. And, I certainly don't hold myself out to be an expert in the field of economics. On the other hand, how does one define "rekt?"
In 1913 a twenty dollar bill would purchase what it would require over $495 dollars to purchase today. That's a cumulative inflation rate of 2376%. I fear we have become much like the proverbial frog in the pot of water on a stove, being slowly boiled but, due to the time it takes, not taking note of the problem.
In order for the dollar to fall in value due to international actions, it would need to be replaced by something better. That isn't happening. Everyone thought the Euro would do it and then 2015 came along and exposed its issues (something about fiscal union). The yuan is pegged to the dollar and until China imports more than it exports, the yuan isn't going overseas in a big way anytime soon.
And what's this nonsense about Russia exceeding Saudi Arabia's reserves? Not even close. And there is more to the game than brute reserves otherwise Venezuela would not be collapsing.
"Our current debt may be manageable at a time of unprecedentedly low interest rates. But if we let our debt grow, and interest rates normalize, the interest burden alone would choke our budget and squeeze out other essential spending. There would be no room for the infrastructure programs and the defense rebuilding that today have wide support." - Paul Volcker
That's just a few reasons.
Had to LOL at the infrastructure program that I thought would happen.
NOPE!!!
How many threads do people write about it? Wide Support? LOL!!!
Well, this type of topic can generate strong opinions. And, I certainly don't hold myself out to be an expert in the field of economics. On the other hand, how does one define "rekt?"
In 1913 a twenty dollar bill would purchase what it would require over $495 dollars to purchase today. That's a cumulative inflation rate of 2376%. I fear we have become much like the proverbial frog in the pot of water on a stove, being slowly boiled but, due to the time it takes, not taking note of the problem.
When I put in specifics the calculator is not accurate...
My neighbor paid $2500 for their 1000 square feet home in 1933 which just sold for $460,000... it was basically original... no designer anything and in Oakland California. The inflation calculator show it should be 10 times less if going on inflation... so 46k and not 460k
A state of the art Apple II with floppy drive and LQP Daisy Wheel Printer cost $3,000 and using the inflation calculator the same should be $8,000. The reality is vastly improved computing power with Printer, Fax, Scanner, Color, etc can be had for $500 today...
My 1930 car cost $500 new... and today is worth $15,000... the inflation calculator is half that at around $7500
"In recent years, several nations opposed to the dollar being the world's reserve currency have progressively sought to try and abandon it.
For instance, Russia and China have sought to operate in a non-dollar environment when trading oil. Both countries have also increased their efforts to mine and acquire physical gold if, or perhaps when, the dollar collapses.
OPEC kingpin Saudi Arabia is at the crux of the petrodollar."
How MUCH THEM CHINESE SECURITIES PAYIN????
4%.
I'll take IT!
Hmmmmmmmmmm.
Let me think about this for a minute. So what happens US dollar demand in the near term?
Well, REMEMBER, central banks are going to reduce their balance sheets as well in 2018 "allegedly".
That means there will be a capital flight from US, prob forcing the FED to buy into US equities.
REKT.
As the Global population approaches 10 Billion the competition for Energy, food and water will become very intense. The TOP four powers in the World will be the United States, Russia, China and India.
The USA and Russia are both capable of having surpluses of Energy in the next few years. China and India will have a difficult time meeting demand for DOMESTIC needs, especially as their populations increase their standard of living. Water shortages are facing all four of these countries and with FRACKING competing with FOOD production needs for water will affect ENERGY.
China is going to be facing a severe shortage of FEMALES because of their past abortion as family planning policies resulted in an imbalance between the sexes. If you think the competition is intense for energy, food and water just think how powerful the biological URGE will be to 50 million young Chinese MALES wanting to find a Mate.
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