Do all of you really want to see something scary?

[Sailor]

Reserves Stockpiles

This shows total foreign reserves (excluding gold) held by each country's central bank as a percentage of gross domestic product. They effectively act as a cushion against economic shocks, such as hyperinflation and currency depreciation, that could be triggered by external or internal events.

Look at where the U.S. is compared to every other nation in the world. This is not good. At all.

link: https://www.bloomberg.com/graphics/global-risk-briefing/

 

[Stretch]

I don't understand a lot the world financial goings-on. I've just never put my mind to it. Maybe you and others who study this can explain in kindergarten terms to me why does China look so "good" when I've seen videos and documentaries on how 100 million Chinese have lost their homes and how China hides its infrastructure debt...things like that. Thanks.

 

[Sailor]

I don't understand a lot the world financial goings-on. I've just never put my mind to it. Maybe you and others who study this can explain in kindergarten terms to me why does China look so "good" when I've seen videos and documentaries on how 100 million Chinese have lost their homes and how China hides its infrastructure debt...things like that. Thanks.

No need to put anything in "kindergarten" terms Stretch. You have quite an intellect from your posts. The reason for my post was the reserve stockpiles. In a nutshell we (our government) do not have squat to fall back on if something bad happens and as you brought up China, they do ( and every other nation in the world). While their citizens may not being doing well, the government itself has put monies away to keep the country solvent in economic crisis to help get them through it. We would burn through our little amount quickly and have keep borrowing.

 

[Stretch]

No need to put anything in "kindergarten" terms Stretch. You have quite an intellect from your posts. The reason for my post was the reserve stockpiles. In a nutshell we (our government) do not have squat to fall back on if something bad happens and as you brought up China, they do ( and every other nation in the world). While their citizens may not being doing well, the government itself has put monies away to keep the country solvent in economic crisis to help get them through it. We would burn through our little amount quickly and have keep borrowing.

OK, now I get that. Thanks. Maybe my reasoning is faulty here, but then why wouldn't it be considered an economic crisis to China that all their ghost towns and displaced former home owners fall in that category...an economic crisis? Or, are monetary reserves there for some other type of national crisis?

 

[Sailor]

OK, now I get that. Thanks. Maybe my reasoning is faulty here, but then why wouldn't it be considered an economic crisis to China that all their ghost towns and displaced former home owners fall in that category...an economic crisis? Or, are monetary reserves there for some other type of national crisis?

Exactly.

 

[Stretch]

LOL. Hmmmmmmmmm. My imagination can really wander here. Maybe....say.......use the bucks for building islands????

 

[SmarterthanYou]

economic issues don't matter. desh says since we're always going to remain the united states, debt spending is nothing to consider.

 

[Sailor]

LOL. Hmmmmmmmmm. My imagination can really wander here. Maybe....say.......use the bucks for building islands???? View attachment 4235

Even with building islands they are still keeping enough for reserves. That whole live within your means thing. Here we are, the wealthiest, most free nation in the world and due to our politicians we are one paycheck from poverty.