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Old 08-27-2019, 08:55 PM
 
3,605 posts, read 7,739,977 times
Reputation: 2895

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Quote:
Originally Posted by andywire View Post
Umm no, the world needs more gold backed currencies that are actually backed by something beside good intent.
If you want the most manipulated currency in the world, go gold!

That way we can price fix our way out of anything, right? It's not like literally anyone can just mine gold, flood the global economy and massively devaluate (or vice-versa) the entire affair.
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Old 08-27-2019, 09:10 PM
 
8,505 posts, read 2,538,721 times
Reputation: 5874
Quote:
Originally Posted by moneill View Post
Bank of England Governor Mark Carney said the world’s reliance on the U.S. dollar as a reserve currency is too risky and proposed a new digital currency to replace it.

https://www.cnbc.com/2019/08/23/bank...the-world.html

Now that's a new concept.

I don't think they have ever talked about the instability of the USA dollar before.

WOW.

This isn't something to happen in the short term....but it shows how other countries are changing views on the USA and its role in the world.
The USG can't allow that to happen. One of the two reasons why the USG waged a war of aggression against Iraq was Hussein's threat to the hegemony of the dollar. Dollar hegemony is how the US Empire extracts tribute from the rest of the world. And dollar hegemony is the only downside for any State that might consider seceding from the union.
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Old 08-27-2019, 09:13 PM
 
8,505 posts, read 2,538,721 times
Reputation: 5874
Quote:
Originally Posted by Frank DeForrest View Post
And watch the us imperial empire fall
Wouldn't it be glorious? It would be like Robert Tainter's description of the fall of the Roman Empire: the greatest tax cut in history.
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Old 08-27-2019, 09:20 PM
 
Location: Right here; Right now
9,094 posts, read 4,524,077 times
Reputation: 1444
Quote:
Originally Posted by moneill View Post
Bank of England Governor Mark Carney said the world’s reliance on the U.S. dollar as a reserve currency is too risky and proposed a new digital currency to replace it.

https://www.cnbc.com/2019/08/23/bank...the-world.html

Now that's a new concept.

I don't think they have ever talked about the instability of the USA dollar before.

WOW.

This isn't something to happen in the short term....but it shows how other countries are changing views on the USA and its role in the world.
Europe’s central banks are starting to replace dollar reserves with the yuan
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Old 08-27-2019, 09:30 PM
 
Location: Right here; Right now
9,094 posts, read 4,524,077 times
Reputation: 1444
Quote:
Originally Posted by Frank DeForrest View Post
And watch the us imperial empire fall
Quote:
Originally Posted by hbdwihdh378y9 View Post
Wouldn't it be glorious? It would be like Robert Tainter's description of the fall of the Roman Empire: the greatest tax cut in history.
Who is our rival? When empires fall, there is always (a rival) some one waiting in the wings, to pick up where the other left off ...
The Fall of the Roman Empire

Goth Rockers

"Wave after wave of Germanic barbarian tribes swept through the Roman Empire. Groups such as the Visigoths, Vandals, Angles, Saxons, Franks, Ostrogoths, and Lombards took turns ravaging the Empire, eventually carving out areas in which to settle down. The Angles and Saxons populated the British Isles, and the Franks ended up in France.

In 476 C.E. Romulus, the last of the Roman emperors in the west, was overthrown by the Germanic leader Odoacer, who became the first Barbarian to rule in Rome. The order that the Roman Empire had brought to western Europe for 1000 years was no more."
________________
If the u.s. becomes no more, who does it become?
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Old 08-27-2019, 09:47 PM
 
6,163 posts, read 2,362,121 times
Reputation: 2309
Quote:
Originally Posted by Ellis Bell View Post
Who is our rival? When empires fall, there is always (a rival) some one waiting in the wings, to pick up where the other left off ...
The Fall of the Roman Empire

Goth Rockers

"Wave after wave of Germanic barbarian tribes swept through the Roman Empire. Groups such as the Visigoths, Vandals, Angles, Saxons, Franks, Ostrogoths, and Lombards took turns ravaging the Empire, eventually carving out areas in which to settle down. The Angles and Saxons populated the British Isles, and the Franks ended up in France.

In 476 C.E. Romulus, the last of the Roman emperors in the west, was overthrown by the Germanic leader Odoacer, who became the first Barbarian to rule in Rome. The order that the Roman Empire had brought to western Europe for 1000 years was no more."
________________
If the u.s. becomes no more, who does it become?
Greenland ☺
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Old 08-27-2019, 10:02 PM
 
330 posts, read 105,125 times
Reputation: 186
Quote:
Originally Posted by vacoder View Post
Not true. Every source said Iran was upholding their end of the bargain. Trump ripped it up because Obama signed it.
The agreement required the US president to sign it multiple times a year certifying their compliance.
Trump renewed it several times.

They can be in full compliance with it and develop an ICBM and after sunset clause expires (in like 5 years) a nuclear weapon. Talk about kicking the can down the road.
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Old 08-27-2019, 10:03 PM
 
Location: Jewel Lake (Sagle) Idaho
27,948 posts, read 17,881,528 times
Reputation: 15927
Quote:
Originally Posted by chad3 View Post
Unemployment rate by year,

2009- 9.9%
2010- 9.3%
2011- 8.5%
2012- 7.9%
2013- 6.7%
2014- 5.6%
2015- 5.0%
2016- 4.7%
2017- 4.1%
2018- 3.7%

Under Obama the unemployment rate fell from 9.9% to 4.7% (a decrease of 5.2%)
Under Trump the unemployment rate fell from 4.1% to 3.7% (a decrease of 0.4%)

https://www.thebalance.com/unemploym...y-year-3305506
https://data.bls.gov/timeseries/LNS14000000



During Obama's time in office the stock market rose from 6,547 to 19,762 (a increase of 13,215 points.)
During Trumps time in office the stock market rose from 19,762 to 25,444 (a increase of 5,682 points.)

https://www.macrotrends.net/1358/dow...-last-10-years



Obama vs Trump "Early Stock Market Results" (first year after inauguration)

S&P 500
Obama: +43%
Trump: +23%

Dow Jones Industrial Average
Obama: +34%
Trump: +31%

Nasdaq
Obama: +40%
Trump: +32%

https://cabotwealth.com/daily/stock-...rump-vs-obama/
The UE rate in December of '08, before Obama took office, was 7.2%. By the data you provided, it took 5 years to finally go below that level.
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Old Yesterday, 07:41 AM
 
Location: Texas
27,159 posts, read 11,405,759 times
Reputation: 6258
Quote:
Originally Posted by chad3 View Post
Unemployment rate by year,

2009- 9.9%
2010- 9.3%
2011- 8.5%
2012- 7.9%
2013- 6.7%
2014- 5.6%
2015- 5.0%
2016- 4.7%
2017- 4.1%
2018- 3.7%

Under Obama the unemployment rate fell from 9.9% to 4.7% (a decrease of 5.2%)
Under Trump the unemployment rate fell from 4.1% to 3.7% (a decrease of 0.4%)

https://www.thebalance.com/unemploym...y-year-3305506
https://data.bls.gov/timeseries/LNS14000000



During Obama's time in office the stock market rose from 6,547 to 19,762 (a increase of 13,215 points.)
During Trumps time in office the stock market rose from 19,762 to 25,444 (a increase of 5,682 points.)

https://www.macrotrends.net/1358/dow...-last-10-years



Obama vs Trump "Early Stock Market Results" (first year after inauguration)

S&P 500
Obama: +43%
Trump: +23%

Dow Jones Industrial Average
Obama: +34%
Trump: +31%

Nasdaq
Obama: +40%
Trump: +32%

https://cabotwealth.com/daily/stock-...rump-vs-obama/
Then why is welfare higher than before the crash? Explain that to me. SNAP is still over 30% higher than before the crash and population has grown about 9% in that time. Just a few years ago, for the first time ever, a majority of school aged children are on free or assisted lunches.

Of course the recovery after the crash will show better percentages. When Obama left office 8 years after the collapse, SNAP usage was 50% higher than before the crash. Yea nothing says success like welfare.
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Old Yesterday, 08:10 PM
 
6,163 posts, read 2,362,121 times
Reputation: 2309
Quote:
Originally Posted by Toyman at Jewel Lake View Post
The UE rate in December of '08, before Obama took office, was 7.2%. By the data you provided, it took 5 years to finally go below that level.
Might be why it was called the Great Recession. It was a recession that shook the World and crashed many economies. Steady growth in the recovery is a good thing. A lesser rate of growth under Trump does prove that he would have done better.

In private life he inherited a fortune and as president he inherited a strong growing economy.
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