Appears China is also converting its US dollars into gold:
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
And BRICS will have no influence on the world stage? LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
That's pretty amazing. 5 out of the top 10 busiest travel days on record all occurred in the last 10 days. BOOMIN! THKS!
Do you think they were bought with cash or just piled on to the credit card debt? yes, it does matter when looking at the overall personal debt problem in this country.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Got almost $800 in cash back last year, didn’t pay a penny in interest. Paid full at the end of every month.
.
That is good, but you still paid more than really necessary.
Credit card fees average about 3% off the top.
Merchants and businesses have higher prices to cover those fees.
If the credit card middle-man was cut out, everyone would save 3%.
Got almost $800 in cash back last year, didn’t pay a penny in interest. Paid full at the end of every month.
.
That is good, but you still paid more than really necessary.
Credit card fees average about 3% off the top.
Merchants and businesses have higher prices to cover those fees.
If the credit card middle-man was cut out, everyone would save 3%.
.
but, you don't save that 3% if you use cash. Some gas stations offer a cash discount.
I was surprised to learn that waiter tips put on the credit card do not all go to the waiter. I now pay the tip in cash directly to the server.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
That's pretty amazing. 5 out of the top 10 busiest travel days on record all occurred in the last 10 days. BOOMIN! THKS!
Do you think they were bought with cash or just piled on to the credit card debt? yes, it does matter when looking at the overall personal debt problem in this country.
If folk are flying and are using cards to finance the tickets because they don't have the cash, then that's a personal responsibility problem. But some here would say those folk are being "forced". Lol
Got almost $800 in cash back last year, didn’t pay a penny in interest. Paid full at the end of every month.
.
That is good, but you still paid more than really necessary.
Credit card fees average about 3% off the top.
Merchants and businesses have higher prices to cover those fees.
If the credit card middle-man was cut out, everyone would save 3%.
.
Do you offer folk a 3% discount if they want to buy one of your products via check?
But some here would say those folk are being "forced". Lol
Funny, isn’t it?
Discussion about personal responsibility aside, I have very mixed feelings about your lack of empathy for those who can’t afford an annual wilderness fishing trip.
It’s true that some people simply don’t have the capacity to learn the basics of money management, but when 70% of the working population are living paycheck to paycheck (up from 64% just a couple months ago) then it’s a serious societal problem.
Laugh it up, but unless you are Bill Gates or Zuckerbucks or live in Martha’s Vineyard, it’s likely that you will eventually have to experience a bit of anxiety when the breakins start happening in your own little gated community, like they are now experiencing in Beverly Hills.
Q: Are You Printing Money? Bernanke: Not Literally
If folk are flying and are using cards to finance the tickets because they don't have the cash, then that's a personal responsibility problem. But some here would say those folk are being "forced". Lol
As far as I can tell the only time the "forced" word has been used concerning CC debt is when necessities such as food are bought and the buyer cannot afford to pay the CC bill. LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
There will always be folk who can't afford life. Always has been, always will be. Some were dealt a bad hand, many were not. They choose to be lazy, poor stewards of money, have poor morals, or simply don't care. They are weak. What are we going to do about it?
I highly contest your assertion of 70% living paycheck to paycheck, as I stated a few weeks ago. Are there many that are struggling, of course. There are also many who are doing much better than 4 years ago.
You like to say everything is terrible while I say it ain't that bad.
You say folk in gated communities should be fearful because soon they will be overrun with hoodlums. I'm not worried. And not because my head is in the sand, but because I can see above the chaos, fear mongering, and misinformation.
If folk are flying and are using cards to finance the tickets because they don't have the cash, then that's a personal responsibility problem. But some here would say those folk are being "forced". Lol
As far as I can tell the only time the "forced" word has been used concerning CC debt is when necessities such as food are bought and the buyer cannot afford to pay the CC bill. LOL
Jmski says the evil banksters "force" debt on folk. All kinds of debt. It's in these threads, but I can't waste time proving again you wrong tonight. The Nascar race will resume soon.
And there are probably very few who are racking up CC debt for food. Those po' folk get free "money from thin air".
Got almost $800 in cash back last year, didn’t pay a penny in interest. Paid full at the end of every month.
.
That is good, but you still paid more than really necessary.
Credit card fees average about 3% off the top.
Merchants and businesses have higher prices to cover those fees.
If the credit card middle-man was cut out, everyone would save 3%.
.
Do you offer folk a 3% discount if they want to buy one of your products via check?
.
If someone asks to pay by check for a larger order I offer 5% discount.
That applies to orders from my internet store, but not to commissioned projects (the latter is always expected to be paid by check upon project completion).
Greater availability of credit allows people and governments to bid up the cost of everything: housing; transportation; education; food; etc. Those who offer the credit become the middle-men, skimming 3% or more off the top of the economy.
And there is very little risk to those middle-men. If things go sour, the government will bail them out and/or print more money. Commerce should not have to pay middle-men off the top all the time.
When we had a gold standard (that was adhered to), the availability of credit was much lower because banks were very cautious about loaning out gold. It was hard to get gold back if the loan was a loss. But with fiat, banks will loan much more freely because the fiat is relatively easy to replace compared to gold.
Look at the ridiculous high cost of attending college. Wide availability of student loans has contributed to that. With former students struggling to pay the debt (and many of them not paying at all), now we have student loan forgiveness. This may at first seem like the intended reason is to help out younger college graduates. But in reality it is to help out the banks that made the loans.
@dcarr said “We already have too may college graduates who expect a "white-collar" job, and not enough "blue-collar" people to do the real work.”
I know what you mean and agree — with a caveat — a lot of “white collar” jobs are essential to the economy, require extremely hard work, etc. It’s real work. Without software engineers, for example, we wouldn’t be chatting here! 🤣
@derryb said:
And BRICS will have no influence on the world stage? LOL
Yup.
Illiquid bond and stock markets...no rule of law....no private property rights....capital controls....bought-and-paid for judiciary.....only speculative capital need apply.
@blitzdude said:
College should be free for all in this great nation. Uncle Sam financed my education. Semper!
It's never "free" -- just a question of WHO pays and HOW.
maybe free community college. Something to give the overpriced universities a bit of competition.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Student loans are owned by the federal government or private institutions, depending on the type of student loan. Federal student loans are owned by the U.S. Department of Education while private student loans are owned by the financial institution that granted them."
"The federal government fully guarantees almost all student loans."
More loans (even when they shouldn't be made) result in more profits for the financial institutions.
And greater availability of student funding results in Universities being able to charge more.
We lose Reserve status the world loses its balance completely
A rebalance has occurred before. The world still spins.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Brazil just replaced the head of their flagship Petrobras, the partly-private national oil company which has some of the best salt deposits in the world.
They will have their 10th CEO in the last deacde...the 43rd CEO since 1957.
Anybody who thinks Brazil will be a major financial center, BRIC or not, is about 40 years too early.
@jmski52 said:
Nobody here in this forum has made such a statement.
We have plenty of people extolling the BRICs and I submit it's a non-entity.
The "extolling" is in the fact that the dollar is losing its status of a currency backed by military might. Iraq and Libya suffered the consequences of challenging the dollar. BRICS is simply demonstrating that there are countries who fear the weaponizing of the US dollar itself but no longer fear military backing of that dollar. With two of the world's superpowers, BRICS is too big to take on with a military fight over which currency will dominate. While the US is attempting such with a defacto war against the "R," it will not challenge the "C."
BRICS will not replace the dollar. It's members, however, will have a strong voice in what does. And something will replace the current world reserve currency. Something else always has when the owner of that currency loses power and its standing on the world stage.
Gold will be the beneficiary and is likely to be a part of the formula for what does become the "new" method of payment in the next world economy.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
We lose Reserve status the world loses its balance completely
A rebalance has occurred before. The world still spins.
.
The British Pound was the world's dominant currency at one time. Now it is not.
.
So were cattle, cowrie shells, and tulip bulbs. As much as you wish for the dollar to fail, we will not see it in our lifetimes. Nor will your beloved brics become the worlds reserve currency. God bless America! RGDS!
We have plenty of people extolling the BRICs and I submit it's a non-entity.
You are intentionally misusing the word “extoll” which means “to praise enthusiastically”.
Nobody here has “extolled” the formation of the BRICS. What’s being pointed out are the simple facts that numerous countries are trying to get away from the Western banking system because they no longer trust it.
There are two choices - stick one’s head several feet into the sand, or to see what’s happening and take actions in an attempt to mitigate the fallout.
The laws that enable the “great taking” which allow the banks to steal people’s unencumbered assets such as stocks & bonds during a financial crisis are a prime example of why that trust was lost.
Get your assets out of the banking & clearing organizations because you no longer have the property rights to that property and the banks have already gambled away your assets via derivatives.
Q: Are You Printing Money? Bernanke: Not Literally
We lose Reserve status the world loses its balance completely
A rebalance has occurred before. The world still spins.
.
The British Pound was the world's dominant currency at one time. Now it is not.
.
So were cattle, cowrie shells, and tulip bulbs. As much as you wish for the dollar to fail, we will not see it in our lifetimes.
Are there those here with such a peanut for a brain that they actually believe that if one points out the inevitability of something happening the one doing the pointing out wishes for it to happen? If I say a hurricane is likely to strike this week it does not mean I want it to strike. Forum should require a minimum brain size in order to post.
Bearers of bad news do no necessarily wish that bad news to occur.
Nor will your beloved brics become the worlds reserve currency.
Yet BRICS is likely to expedite the end of the current one. LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@jmski52 said: We have plenty of people extolling the BRICs and I submit it's a non-entity.
You are intentionally misusing the word “extoll” which means “to praise enthusiastically”.
Nobody here has “extolled” the formation of the BRICS. What’s being pointed out are the simple facts that numerous countries are trying to get away from the Western banking system because they no longer trust it.
Good for them. Please answer the question posed below if you disagree.
There are two choices - stick one’s head several feet into the sand, or to see what’s happening and take actions in an attempt to mitigate the fallout.
What's the fallout? Dcarr added that the British pound lost reserve currency status. What was the fallout?
The laws that enable the “great taking” which allow the banks to steal people’s unencumbered assets such as stocks & bonds during a financial crisis are a prime example of why that trust was lost.
What's the fallout? Dcarr added that the British pound lost reserve currency status. What was the fallout?
Britain and its currency once ruled much of the world with colonies and trade dominance around the globe. It has since lost it's empire and has taken a back seat to the US in world affairs. Britain has been relegated the role of the lapdog for the US. Is that enough fallout for ya?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
That's pretty amazing. 5 out of the top 10 busiest travel days on record all occurred in the last 10 days. BOOMIN! THKS!
Credit cards are boomin.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
We lose Reserve status the world loses its balance completely
A rebalance has occurred before. The world still spins.
.
The British Pound was the world's dominant currency at one time. Now it is not.
.
So were cattle, cowrie shells, and tulip bulbs. As much as you wish for the dollar to fail, we will not see it in our lifetimes. Nor will your beloved brics become the worlds reserve currency. God bless America! RGDS!
.
You lie.
I do not "wish" for the US Dollar to fail. Prove me wrong and quote any post where I did.
BRICS are not "beloved" by me in the slightest. Prove me wrong and quote any post where I glorified them.
I do not live in, or want to live in, any BRICS country. And I do not personally know anybody that does.
Regardless, BRICS do pose a challenge to America's financial status.
The point is that the US Dollar, like the British Pound, will not remain the dominant currency in the world forever.
No currency in the history of mankind has remained the "dominant" world currency. What is certain is the world's next reserve currency certainly won't be courtesy of the BRICS. God Bless America! RGDS!
We lose Reserve status the world loses its balance completely
A rebalance has occurred before. The world still spins.
.
The British Pound was the world's dominant currency at one time. Now it is not.
.
So were cattle, cowrie shells, and tulip bulbs. As much as you wish for the dollar to fail, we will not see it in our lifetimes. Nor will your beloved brics become the worlds reserve currency. God bless America! RGDS!
.
You lie.
I do not "wish" for the US Dollar to fail. Prove me wrong and quote any post where I did.
BRICS are not "beloved" by me in the slightest. Prove me wrong and quote any post where I glorified them.
I do not live in, or want to live in, any BRICS country. And I do not personally know anybody that does.
Regardless, BRICS do pose a challenge to America's financial status.
The point is that the US Dollar, like the British Pound, will not remain the dominant currency in the world forever.
.
Accept the fact that just like you see on TV news, there are some here who will say what they can in attempt to discredit those who offer views that do not fit the narrative. Just like mainstream media, they fail to see the value in opposing views and have convinced themselves that there is only one truth, their truth.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
What's the fallout? Dcarr added that the British pound lost reserve currency status. What was the fallout?
Britain and its currency once ruled much of the world with colonies and trade dominance around the globe. It has since lost it's empire and has taken a back seat to the US in world affairs. Britain has been relegated the role of the lapdog for the US. Is that enough fallout for ya?
Not really. What did this mean for Joe six pack Londoner?
What's the fallout? Dcarr added that the British pound lost reserve currency status. What was the fallout?
Britain and its currency once ruled much of the world with colonies and trade dominance around the globe. It has since lost it's empire and has taken a back seat to the US in world affairs. Britain has been relegated the role of the lapdog for the US. Is that enough fallout for ya?
Not really. What did this mean for Joe six pack Londoner?
Would you want to get bit by that lap dog?
pretty sure that more than just one Englishman benefited from Britain's demise.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
What's the fallout? Dcarr added that the British pound lost reserve currency status. What was the fallout?
Britain and its currency once ruled much of the world with colonies and trade dominance around the globe. It has since lost it's empire and has taken a back seat to the US in world affairs. Britain has been relegated the role of the lapdog for the US. Is that enough fallout for ya?
Not really. What did this mean for Joe six pack Londoner?
Would you want to get bit by that lap dog?
pretty sure that more than just one Englishman benefited from Britain's demise.
Comments
Appears China is also converting its US dollars into gold:
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
And BRICS will have no influence on the world stage? LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Who needs Spaghett-Os when you can buy airline tickets...
Knowledge is the enemy of fear
Well, they can reach 3 billion people in 2 seconds so it's highly unlikely they care about your opinion.
Knowledge is the enemy of fear
That's pretty amazing. 5 out of the top 10 busiest travel days on record all occurred in the last 10 days. BOOMIN! THKS!
The whole worlds off its rocker, buy Gold™.
Do you think they were bought with cash or just piled on to the credit card debt? yes, it does matter when looking at the overall personal debt problem in this country.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Can’t buy plane tickets with cash
But I understand your question.
Got almost $800 in cash back last year, didn’t pay a penny in interest. Paid full at the end of every month.
I'm with you - pay it in full each month and enjoy the perks. However. . .
credit card delinquency rate has doubled since 2021
and the debt itself is going ballistic:
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
.
That is good, but you still paid more than really necessary.
Credit card fees average about 3% off the top.
Merchants and businesses have higher prices to cover those fees.
If the credit card middle-man was cut out, everyone would save 3%.
.
but, you don't save that 3% if you use cash. Some gas stations offer a cash discount.
I was surprised to learn that waiter tips put on the credit card do not all go to the waiter. I now pay the tip in cash directly to the server.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Credit cards are wonderful. I use them everywhere I can. Points = Free Au. RGDS!
The whole worlds off its rocker, buy Gold™.
If folk are flying and are using cards to finance the tickets because they don't have the cash, then that's a personal responsibility problem. But some here would say those folk are being "forced". Lol
Knowledge is the enemy of fear
Do you offer folk a 3% discount if they want to buy one of your products via check?
Knowledge is the enemy of fear
But some here would say those folk are being "forced". Lol
Funny, isn’t it?
Discussion about personal responsibility aside, I have very mixed feelings about your lack of empathy for those who can’t afford an annual wilderness fishing trip.
It’s true that some people simply don’t have the capacity to learn the basics of money management, but when 70% of the working population are living paycheck to paycheck (up from 64% just a couple months ago) then it’s a serious societal problem.
Laugh it up, but unless you are Bill Gates or Zuckerbucks or live in Martha’s Vineyard, it’s likely that you will eventually have to experience a bit of anxiety when the breakins start happening in your own little gated community, like they are now experiencing in Beverly Hills.
I knew it would happen.
As far as I can tell the only time the "forced" word has been used concerning CC debt is when necessities such as food are bought and the buyer cannot afford to pay the CC bill. LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
There will always be folk who can't afford life. Always has been, always will be. Some were dealt a bad hand, many were not. They choose to be lazy, poor stewards of money, have poor morals, or simply don't care. They are weak. What are we going to do about it?
I highly contest your assertion of 70% living paycheck to paycheck, as I stated a few weeks ago. Are there many that are struggling, of course. There are also many who are doing much better than 4 years ago.
You like to say everything is terrible while I say it ain't that bad.
You say folk in gated communities should be fearful because soon they will be overrun with hoodlums. I'm not worried. And not because my head is in the sand, but because I can see above the chaos, fear mongering, and misinformation.
Echo chambers are prisons.
Knowledge is the enemy of fear
Jmski says the evil banksters "force" debt on folk. All kinds of debt. It's in these threads, but I can't waste time proving again you wrong tonight. The Nascar race will resume soon.
And there are probably very few who are racking up CC debt for food. Those po' folk get free "money from thin air".
Knowledge is the enemy of fear
.
If someone asks to pay by check for a larger order I offer 5% discount.
That applies to orders from my internet store, but not to commissioned projects (the latter is always expected to be paid by check upon project completion).
.
Greater availability of credit allows people and governments to bid up the cost of everything: housing; transportation; education; food; etc. Those who offer the credit become the middle-men, skimming 3% or more off the top of the economy.
And there is very little risk to those middle-men. If things go sour, the government will bail them out and/or print more money. Commerce should not have to pay middle-men off the top all the time.
When we had a gold standard (that was adhered to), the availability of credit was much lower because banks were very cautious about loaning out gold. It was hard to get gold back if the loan was a loss. But with fiat, banks will loan much more freely because the fiat is relatively easy to replace compared to gold.
Look at the ridiculous high cost of attending college. Wide availability of student loans has contributed to that. With former students struggling to pay the debt (and many of them not paying at all), now we have student loan forgiveness. This may at first seem like the intended reason is to help out younger college graduates. But in reality it is to help out the banks that made the loans.
College should be free for all in this great nation. Uncle Sam financed my education. Semper!
The whole worlds off its rocker, buy Gold™.
.
How do you want the government to pay for that, higher taxes or more inflation ?
We already have too may college graduates who expect a "white-collar" job, and not enough "blue-collar" people to do the real work.
.
@dcarr said “We already have too may college graduates who expect a "white-collar" job, and not enough "blue-collar" people to do the real work.”
I know what you mean and agree — with a caveat — a lot of “white collar” jobs are essential to the economy, require extremely hard work, etc. It’s real work. Without software engineers, for example, we wouldn’t be chatting here! 🤣
Start by taxing billionaires. RGDS!
The whole worlds off its rocker, buy Gold™.
Yup.
Illiquid bond and stock markets...no rule of law....no private property rights....capital controls....bought-and-paid for judiciary.....only speculative capital need apply.
It's never "free" -- just a question of WHO pays and HOW.
For you, it's always the banks.
The banking sector's exposure to student debt is non-existent. Don't you remember, Barack Obama cutting out the middleman to "help" students ?
maybe free community college. Something to give the overpriced universities a bit of competition.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
https://investopedia.com/articles/personal-finance/081216/who-actually-owns-student-loan-debt.asp
From the web site:
"Student loans are owned by the federal government or private institutions, depending on the type of student loan. Federal student loans are owned by the U.S. Department of Education while private student loans are owned by the financial institution that granted them."
"The federal government fully guarantees almost all student loans."
More loans (even when they shouldn't be made) result in more profits for the financial institutions.
And greater availability of student funding results in Universities being able to charge more.
No what part of No do you not understand.
Sovereign currencies
We lose Reserve status the world loses its balance completely
Stop with the u tube prognosticators and sensation news
A rebalance has occurred before. The world still spins.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Brazil just replaced the head of their flagship Petrobras, the partly-private national oil company which has some of the best salt deposits in the world.
They will have their 10th CEO in the last deacde...the 43rd CEO since 1957.
Anybody who thinks Brazil will be a major financial center, BRIC or not, is about 40 years too early.
Anybody who thinks Brazil will be a major financial center, BRIC or not, is about 40 years too early.
Nobody here in this forum has made such a statement.
I knew it would happen.
We have plenty of people extolling the BRICs and I submit it's a non-entity.
The "extolling" is in the fact that the dollar is losing its status of a currency backed by military might. Iraq and Libya suffered the consequences of challenging the dollar. BRICS is simply demonstrating that there are countries who fear the weaponizing of the US dollar itself but no longer fear military backing of that dollar. With two of the world's superpowers, BRICS is too big to take on with a military fight over which currency will dominate. While the US is attempting such with a defacto war against the "R," it will not challenge the "C."
BRICS will not replace the dollar. It's members, however, will have a strong voice in what does. And something will replace the current world reserve currency. Something else always has when the owner of that currency loses power and its standing on the world stage.
Gold will be the beneficiary and is likely to be a part of the formula for what does become the "new" method of payment in the next world economy.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Warning, not "extolling".
.
The British Pound was the world's dominant currency at one time. Now it is not.
.
So were cattle, cowrie shells, and tulip bulbs. As much as you wish for the dollar to fail, we will not see it in our lifetimes. Nor will your beloved brics become the worlds reserve currency. God bless America! RGDS!
The whole worlds off its rocker, buy Gold™.
We have plenty of people extolling the BRICs and I submit it's a non-entity.
You are intentionally misusing the word “extoll” which means “to praise enthusiastically”.
Nobody here has “extolled” the formation of the BRICS. What’s being pointed out are the simple facts that numerous countries are trying to get away from the Western banking system because they no longer trust it.
There are two choices - stick one’s head several feet into the sand, or to see what’s happening and take actions in an attempt to mitigate the fallout.
The laws that enable the “great taking” which allow the banks to steal people’s unencumbered assets such as stocks & bonds during a financial crisis are a prime example of why that trust was lost.
Get your assets out of the banking & clearing organizations because you no longer have the property rights to that property and the banks have already gambled away your assets via derivatives.
I knew it would happen.
Are there those here with such a peanut for a brain that they actually believe that if one points out the inevitability of something happening the one doing the pointing out wishes for it to happen? If I say a hurricane is likely to strike this week it does not mean I want it to strike. Forum should require a minimum brain size in order to post.
Bearers of bad news do no necessarily wish that bad news to occur.
Yet BRICS is likely to expedite the end of the current one. LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Good for them. Please answer the question posed below if you disagree.
What's the fallout? Dcarr added that the British pound lost reserve currency status. What was the fallout?
What the heck are talking about?
Knowledge is the enemy of fear
Britain and its currency once ruled much of the world with colonies and trade dominance around the globe. It has since lost it's empire and has taken a back seat to the US in world affairs. Britain has been relegated the role of the lapdog for the US. Is that enough fallout for ya?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Great Britian is doing just fine. In fact, they too be BOOMIN! RGDS!!
The whole worlds off its rocker, buy Gold™.
.> @blitzdude said:
Credit cards are boomin.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
.
You lie.
I do not "wish" for the US Dollar to fail. Prove me wrong and quote any post where I did.
BRICS are not "beloved" by me in the slightest. Prove me wrong and quote any post where I glorified them.
I do not live in, or want to live in, any BRICS country. And I do not personally know anybody that does.
Regardless, BRICS do pose a challenge to America's financial status.
The point is that the US Dollar, like the British Pound, will not remain the dominant currency in the world forever.
.
No currency in the history of mankind has remained the "dominant" world currency. What is certain is the world's next reserve currency certainly won't be courtesy of the BRICS. God Bless America! RGDS!
The whole worlds off its rocker, buy Gold™.
Accept the fact that just like you see on TV news, there are some here who will say what they can in attempt to discredit those who offer views that do not fit the narrative. Just like mainstream media, they fail to see the value in opposing views and have convinced themselves that there is only one truth, their truth.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Not really. What did this mean for Joe six pack Londoner?
Would you want to get bit by that lap dog?
Knowledge is the enemy of fear
.> @cohodk said:
pretty sure that more than just one Englishman benefited from Britain's demise.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
What is this demise you speak of?
Knowledge is the enemy of fear