Typical lib. Ad hom because you can't debate.
No debate with sheer stupidity and ignorance of Trumptards
Typical lib. Ad hom because you can't debate.
The dollar is not a debt. It is money. However, it is true that if people lose faith in our bonds, the faith in the dollar will also be damaged.If we stop servicing our debts, people will lose faith in our debts (including the US Dollar).
The rial has essentially been abandoned. It was not based on Gold. The toman is.I believe you are mistaken. Iran, like the USA, does have gold coins, but their general currency (rial and toman). The toman is 10,000 rials, and is being used because inflation is so high in Iran.
Money is not economy. Money is a medium of exchange and a unit of account, nothing more. Economies can occur without money, through barter. Money just makes barter easier because it is a medium of exchange.Gold is a tiny part of the overall economy.
Apparently you choose to completely ignore the history of money stretching back to 800 years before Christ.Having inflation/deflation suddenly happen because of gold production would devastate the overall economy.
No money is an deflationary trap, whether it's gold, paper dollars, clamshells, etc.And gold is very susceptible to a deflationary trap,
What pandemic? A 0.00135% infection rate isn't an epidemic, pandemic, or even a situation. A 0.000274% death rate isn't either. The current hypochondria has nothing to do with money or any form it takes.which was the primary problem before the pandemic,
Non-sequitur fallacy.and may still be a major problem.
Nope. The government just printed trillions of dollars again with no corresponding increase in wealth. That's inflation, dude.There is a huge problem with deflation,
Actually, it is. The government can't create gold on a whim like it can with the dollar.but I doubt gold is the answer to that.
Strawman fallacy. False equivalence fallacy.Water may be a good solution to droughts, but it is not a good solution to floods.
Money velocity is low because these economies are crashed or crashing.The EU and Japan have major problems with money being hoarded.
By inflating the money. These central banks and governments are trying to print their way out of a crisis. It won't work. Inflation will not stop a depression.They are trying to penalize saving money, and reward spending.
Gold is not 'going up in value'. It is the dollar falling in value. That's inflation, dude. One ounce of gold still buys what one ounce of gold bought in the past. If anything, it is the zero reference all other currencies should be compared against.Gold would encourage hoarding, as it went up in value, and discourage spending.
Money is not inflation nor deflation.There would be no way to break the deflationary trap.
Nope. All major economic powers are inflating their money. Some radically so.We have seen the disappearance of inflation in any first world economy for over a generation.
A rejection is already underway. People are already searching for a replacement of the fiat dollar. An alternative hasn't been decided upon yet. When it is, the change will happen almost overnight.We would need to see that long standing trend reverse first, and then we might see hints of a rejection of fiat currency.
Nope. They are still searching for alternatives to the dollar. Even more so now.And yet with every crisis, people flood into the US Dollar, and this one more than most.
Nope. People are losing faith in the dollar.People have more faith in it than anything else.
The Fed had to do no such thing. They simply chose to do so and thus keep unproductive companies from going into bankruptcy and getting sold to people who would make it productive again. They did it to institute price controls and keep unproductive companies in business as they are.When the Fed had to print money to give major corporations cash on hand to service their debts, it was scary. We have never had to do that before, and it happened in September, well before the pandemic.
I do. It isn't pretty.I honestly do not know where we are, and I doubt anyone does.
An economy is not statistics. and statistics is not an economy. Statistical math is a branch of mathematics.The economy is shifting so quickly that statistics are very stale before they are published.
Trump is a proper noun. It is capitalized.trump,
They are knowledgeable. They are trying to stave off the inevitable as long as they can. A major contribution by Trump was to bring manufacturing jobs back to the United States and to successfully renegotiate the NAFTA treaty to be more favorable to the United States. This increase wealth in the United States, helping to offset all the money being printed.and his appointees, are not very knowledgable...
Yes they do. They are trying to stave it off as long as they can. They have been rather successful too. Unfortunately, as long as the federal government continues to expand its own spending, the outcome is inevitable: crash and collapse.But even the knowledgable people really do not know much about this level of insanity.
Inflation is not desirable. Deflation by increasing wealth is.Up until September, there had been less inflation than we wanted for over a decade,
Lie. In the last forty years, the dollar has dropped to one fifth of it's original value, and is still dropping.and little inflation for nearly 40 years.
What pandemic?After September and then the pandemic... WHO KNOWS.
Because it's used that way.Why is Alt Right a pejorative?
Nobody called themselves that.They were perfectly happy to call themselves that at first.
Nobody is covering up anything.In fact, they were accused of using that to cover up their old pejorative names.
True, Alternator comes to mind.There is nothing wrong with Alt Rock, or other "Alt" terms.
People don't call themselves these names.Maybe the problem is the people who have to change what they call themselves every year or two.
Define 'neo-Nazi'. This is a term created by the fake news to describe a bunch of racist thugs.Neo-Nazis do horrible things,
It is. It has always been.so the term "Neo-Nazi" becomes pejorative,
Nobody calls themselves that. Again, a pejorative word created by the Fake News.so they start calling themselves Alt Right.
by definition, according to the same Fake News.The Alt Right does horrible things,
It always was.so the term "Alt Right" becomes pejorative,
No one called themselves either of these terms. They are both pejorative terms created by the Fake News.so they start calling themselves something else.
No, the problem is the words. Calling people names is an insult fallacy. The Fake News does it all the time.Under that theory, the problem is not really the words, but what the words describe.
The economy is robust but it cannot survive the present trend of debt increases.
Typical lib. Ad hom because he can't debate.
That is what this thread is about Nazi Bitch. If you are not going to read the thread, do not post in the thread.
If they can flood our market with cheaper stuff than we can make, so that we cannot compete, then an even trade deal would be a huge failure for us. What we want to do is find our advantages. For instance, we are really good at software, and can deal with open source software in a way that the Chinese system just cannot. So rather than trying to compete with Huawei head to head in hardware, when we have no company that can produce the entire hardware, we could create cheaper, open source, virtual 5G kit. We could beat China by out innovating them, rather than trying to come up with some trade deal handout from China.
It is a natural disaster. We lost about two weeks due to their lack of openness, but lost about two months due to trump's ignorance. Even if we had all the time back, it was still going to hit, and there was still going to be a disaster.
Besides, China shutdown their economy more severely than we ever could, which did buy us more than a month.
This thread is NOT about nuking China, It's about "How should we punish China,?" NOT A WORD about nuking them. DUH!!
Cheaper shit is just that, cheaper shit. Why would evening the trade deals be a failure? It's a fact that China steals (or tries to) our technology,
but cannot reproduce American quality in most of their exports.
A natural disaster? Those 2 weeks we lost due to the WHO and China downplaying the severity and contagiousness of this China virus allowed it to spread worldwide.
If this China virus "was still going to hit," why is it Trump's fault? You have an answer for that? Of course you think Trump could magically develop 300 million tests that
could instantly and accurately identify this China virus and have everyone magically produce them.
China did NOT shut down their economy, they shut down ONE city, and that was before they acknowledged that this China virus was so contagious and allowed it to infect the whole damn world.
What American 5G company did they steal from? Oh yes, we don't have one.
Well, I apologize for trying to get back on topic
Screw your 5G shit, that's all you've got compared to everything they've stolen from us over the years. Yep, they buy shit from us, but have you ever wondered why what we send them never wears out and needs replaced/reordered? They tear it down and reproduce it there, stealing our technology.
You may believe every word China utters. I am skeptical, to say the least.
China flooded our markets with cheap shit? Then why don’t you and your fellow Trumptards stop shopping at Walmart?
Did I say that, you illiterate fucking halfwit?
Some are suggesting that we don't pay back the money that they loaned us. I say that is a good start...
Round up all the rwnj Trumptards like you and drop you fuckers over there via parachute along with Trump, his family and the rest of his gang of crooks.
....and Trump had nothing to do with it which is why he did nothing!
All members of the CCP operating in the west need to be rounded up and executed that includes Chinese front groups in our universities, such as, the Chinese Students and Scholars Association, it also includes their state media apparatus, such as, the Global Times, and business fronts for the PLA, such as, Huawei.
Trump implemented travel restrictions and declared a national public health emergency, Joe Biden called him a "hysterical, xenophobic, fear monger," for it, Pelosi put forth a bill blocking the President the authority to implement travel restrictions and Pelosi and De Blasio were calling on people to gather in mass in Chinatownas late as Mid February, the CCP owned and operated WHO for their part was regurgitating CCP propaganda, first by denying human to human transmission them by downplaying the severity and advising the world against travel restrictions.
Printing money is not issuing a bond. You can't seem to understand the difference.
Depression is not printing money or issuing a bond. You can't seem to understand that difference either.
I'll wait for all the partisan bullshit to die down and see a factual after-action report detail how everything went down.
I'll wait for all the partisan bullshit to die down and see a factual after-action report detail how everything went down.