What would international finance look like..
cohodk
Posts: 19,187 ✭✭✭✭✭
...if the US went to a gold standard and other countries did not? Would curremcy manipulation be more or less? Would trade become easier or more difficult? Would this create issues for corporate balance sheets, especially companies that hold large assets overseas?
Excuses are tools of the ignorant
Knowledge is the enemy of fear
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they would all have to go to gold , good money drives out bad. why would i want your worthless paper yen if i could have real money? Those currency manipulators would all be laying in the ditches i had them dig in the other thread . We don't require their services anymore. Over in china they would shoot them so they topple into the thrench , but here we could just point to the trench and they might get the idea
Global trade is generally worthless isn't it? Outside of raw materials that aren't local to where you are.
Do we need container ships bringing pokemon cards here from china ? fake coach bags? its all garbage being shuttled about for no purpose other than the acquisition of digital fiat , we make all that impossible and it collapses
No overseas assets , other than property , buildings and infrastructure like machinery, they would need to stay put for obvious reasons.
my 95% rule still . Shut down madison ave (ditches again) and demand for pointless things generally collapses .
incidentally , these massive ships full of offshore trash are huge polluters , lots of global warming , if you believe in that sort of thing, caused by manufactured demand for trash products .
how much oil moves around the world on huge ship destined to be made into single use plastic water bottles in our landfills?
Global trade is generally worthless isn't it? Outside of raw materials that aren't local to where you are
Ask Boeing or Caterpillar, or Microsoft, or Apple, or Johnson&Johnson, or Proctor&Gamble, or Visa or Fedex.
Knowledge is the enemy of fear
The US money supply would be unable to freely expand. The rest of the world would carry on as usual. The US economy would quite literally become a useless barbaric relic.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
we can play this game all day
Soap? you want to move soap around the world?
Boeing? you want to move empty headed people to the otherside of the world to do nothing ? The only new planes boeing has made in the last 40 years aint exactly new , and they are falling out of the sky
What about caterpillar? If I'm in asia I can buy an asian made backhoe or front end loader built right there. I don't need to ship that garbage.
What do we need this heavy equipment for anyway? To Build 5 lane highways for people to sit in traffic to get to a job where they do nothing all day? All this new infrastructure being built on scammed contracts right next to bridges that are rotting away .
I should bring a camera next time I kayak the Charles river and snap pics of the underside of some bridges its terrifying ,sure there are 7 layers of fresh tar on the top side but whats holding it up?
Admit it , at least half of your day , every day , is expended on people that are in the way of things happening smoothly
everything apple does now is garbage.
people are scouring the internet to find 5 or 10 year old macs so they can do work, the new ones suck. The phones suck, itunes sucks, software as a service ? Really ?
you are half right , maybe 1/4. The barbaric relic thing has already happened . No one is going to carry on without us though , we are an anchor not an engine.
I saw some idiot on TV saying that the apple watch has more computing power than the rockets that landed men on the moon did.
The difference? Those rockets landed men on the moon , but the apple watch ? Yeah no nothing to see there.
We were poised to do something amazing and now where are we?
Your parents had a better life than you, your kids will have a worse life than you.
Well now... this thread sure makes looking forward to the New Year a little dismal....
I guess I will continue to muddle along in my comfortable home with my extraneous niceties and luxuries.... 
Cheers, RickO
you are older than me , you saw neil armstrong set foot on the moon I bet? Did you think 50 years later that would have been the peak? I bet no one at the time would have thought that
@bronco2078.... Yes, I did watch the moon landing and Armstrong taking the first step....No, I thought that in 50 years we would likely have a base there...Predicting the future is fraught with danger... so many things contribute to what happens....Cheers, RickO
Barter is really inefficient.
Liberty: Parent of Science & Industry
You do realize that when you purchase something with US dollars you are still bartering, right? Same when I go into work and get paid a salary I negotiated for...still bartered my time for dollars.
Currencies around the world would fall big time against the dollar. Other countries would have no choice but to back their currency with gold or nuke the US.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
It wouldn't work. Attempt to pay for "guns and butter" in the 60's proved that.
The US government can't stay solvent without fiat and this is confirmed by the financial habits of most of the population who overwhelmingly seem to believe in living beyond their means. That's what most debt represents. Have to have a more expensive house, car and consumer junk than they can afford.