U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-25-2020, 03:34 PM
 
80,310 posts, read 78,652,143 times
Reputation: 56822

Advertisements

Quote:
Originally Posted by Hoonose View Post
This is a generalization. I felt a lot like Taggerung 15-20 years ago.

And the keys that changed me have to do with my study of debt and money and foreign exchange.

Sovereign debt is very different from personal or business debt.

Fiat money is very different than PM or PM based currency.

The whole world uses and needs the USD and USD denominated debt paper. And there is no other currency around to supplant it.

Gold as a global currency makes much less sense. It has to be physically secured and stored. Transfer is not easy or efficient. There is limited supply, and that supply is too easily controlled.
I agree ...if none of this was working we would have seen the likes of the Great Depression years ago after 2008 .... we are a whole lot less bad today then we were in 2008 .....the dollar is still very strong
Reply With Quote Quick reply to this message

 
Old 06-25-2020, 04:13 PM
 
10,579 posts, read 4,598,483 times
Reputation: 2190
Quote:
Originally Posted by mathjak107 View Post
I agree ...if none of this was working we would have seen the likes of the Great Depression years ago after 2008 .... we are a whole lot less bad today then we were in 2008 .....the dollar is still very strong
It is. It would fail if we fail as a nation. It would stress if some nation or other entity gave the world a better currency deal. IMO in 100 years we will have the USD and probably the same other reserves as today, and maybe possibly the Yuan. For a generation already I've been pitching the Yuan that it will be a reserve within a generation. In 100 years there will be plenty of global economic room for the USD and the Yuan.
Reply With Quote Quick reply to this message
 
Old 06-25-2020, 04:18 PM
 
Location: southern california
58,888 posts, read 77,737,524 times
Reputation: 52564
Fake money and debt -Not a good habit to develop
However if economy comes back and the riots are controlled- I think we are going to see a very different America in 4 years- more solvent, more work oriented, more conservative and most important- better paid
Reply With Quote Quick reply to this message
 
Old 06-25-2020, 04:25 PM
 
1,687 posts, read 393,468 times
Reputation: 1832
Now that we’ve successfully invented the free lunch and discovered an endless supply of cheap oil the next item on the agenda is a perpetual motion machine.
Reply With Quote Quick reply to this message
 
Old 06-25-2020, 05:15 PM
 
10,579 posts, read 4,598,483 times
Reputation: 2190
Quote:
Originally Posted by mathlete View Post
Now that we’ve successfully invented the free lunch and discovered an endless supply of cheap oil the next item on the agenda is a perpetual motion machine.
There is potentially free lunch through the Fed if there are significant unmet national needs, and if there are available/unused resources and labor. It might be that China has accelerated its move toward the first world using such policy on a grander scale:

https://www.forbes.com/sites/niallmc.../#25d0fe014131

https://videosift.com/video/Chinas-Road-Network

Guizhou: The Road to Success | CNN Advertisement Feature

https://twitter.com/evazhengll/statu...79619414122496

https://ellenbrown.com/2018/02/27/fu...round-america/
Reply With Quote Quick reply to this message
 
Old 06-25-2020, 07:20 PM
 
Location: Guadalajara, MX
7,532 posts, read 3,661,907 times
Reputation: 14320
Quote:
Originally Posted by SkyDog77 View Post
How many threads on the same topic are you going to start?
As C2BP has demonstrated, we are limited only by the storage space of wherever CD hosts their servers.


Quote:
Originally Posted by Taggerung View Post
I don't know everything, but I have a far better fundamental understanding of the topic than
lol
Reply With Quote Quick reply to this message
 
Old 06-25-2020, 08:19 PM
 
8,383 posts, read 7,527,656 times
Reputation: 4005
They have been doing so for such a long time. Well not at the current denominations, but proportionally, they have been creating money after money since FED creation.
Reply With Quote Quick reply to this message
 
Old 06-25-2020, 08:21 PM
 
3,585 posts, read 2,268,084 times
Reputation: 8086
Quote:
Originally Posted by lieqiang View Post
As C2BP has demonstrated, we are limited only by the storage space of wherever CD hosts their servers.



lol
I literally lol’d.
Reply With Quote Quick reply to this message
 
Old 06-25-2020, 08:29 PM
 
8,383 posts, read 7,527,656 times
Reputation: 4005
Quote:
Originally Posted by guidoLaMoto View Post
Only if The Fed runs out of ink....They can keep printing more money so income keeps up with inflated prices...The only ones who will lose are those left holding paper someday when The Empire collapses..and, at that point, we'll have more troubles than just holding worthless paper....(Mark Twain wrote about prices in terms of mils-- 1/100 of a cent.)


It's like playing musical chairs with one chair for every player. You can keep going as long as the band can keep playing.
When have incomes increased when FED prints more money? Any increases usually has nothing to do with FED action. Seems most of new money goes to bankers. They then do what they want with it.
Reply With Quote Quick reply to this message
 
Old 06-25-2020, 08:30 PM
 
8,383 posts, read 7,527,656 times
Reputation: 4005
Quote:
Originally Posted by TimAZ View Post
In modern banking ‘money’ and debt are identical, there is typically no capital reserve. Governments via central banks can emit debt and will into existence any amount of “money”. But carrying debt has a cost, the interest payments, and that added vig is by nature an exponential function. History shows that governments have a poor record when it comes to dealing with exponential functions.
Govt should create money without owing/indebted to third party. Govt should have monopoly on violence, and its own currency.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top