@dcarr said:
And that is the PROBLEM: "tens of TRILLIONS of dollar-based loans exist".
The Federal Reserve and other banks fostered the situation [so as to profit from it].
No, that is the demand for dollars increasing for the global reserve currency.
@WCC said:
I'm telling you that there is absolutely no evidence for your premise that government officials will turn on the "printing press" as the first solution to a future crisis. That's what you and everyone taking the inflation position who I've ever read claim or imply.
The evidence is that since 2008 they have been doing it. This is how.
Mechanism of Debt Financing for our government:
Quantitative Easing (QE): The Fed creates electronic reserves to purchase Treasury bonds and other assets. For example, during the COVID-19 crisis, the Fed bought $1.1 trillion in Treasury securities between March and April 2020, effectively printing new money to finance government spending. By 2020 alone, the Fed added $3.3 trillion to the money supply, representing 20% of all circulating dollars.
Monetary Base Expansion: The monetary base (currency + bank reserves) has surged during crises. In 2008–2009, it doubled from $850 billion to $1.7 trillion, and similar expansions occurred post-2020.
Inflation Risks: Large-scale money creation can devalue currency, as seen historically (e.g., Weimar Germany).
........................................................
And they will keep doing this for as long as they can.
the price of gold isn't going to collapse as long as the world is trying to get away from the dollar. It almost seems intentional that the US confiscated $300 billion in Russian assets just when the BRICS started gaining momentum.
Even Japan is selling Treasuries, along with China and threatening anyone who even thinks about moving away from the dollar could end up being very counterproductive. Flip-flopping on tariffs doesn't help much either.
For gold to collapse, gov.com would have to balance its budget and begin paying off its debt, in addition to adhering to a coherent foreign policy over time that is honest without being coercive - both of which seem to be pretty remote possibilities.
Q: Are You Printing Money? Bernanke: Not Literally
@derryb said:
Yep, then build a better Titanic. Keep bailing out bankers, you will always bail out bankers (and central bankers). . . >and they know it.
It was small local lenders and unions who were bailed out. If you were around back then, you'd know that.
For all the so-called printing of money, there was no inflation. It's averaged 2.4% a year since 2008.
@jmski52 said:
Even Japan is selling Treasuries, along with China and threatening anyone who even thinks about moving away >from the dollar could end up being very counterproductive. Flip-flopping on tariffs doesn't help much either.
Japan just bought $46 billion in Treasuries according to TIC data for February. Dumping the dollar means revaluing your currency upward and KO'ing exports.
For gold to collapse, gov.com would have to balance its budget and begin paying off its debt, in addition to >adhering to a coherent foreign policy over time that is honest without being coercive - both of which seem to be >pretty remote possibilities.
You think Russia and China aren't being coercive ? They are thug-led countries.
@derryb said:
Yep, then build a better Titanic. Keep bailing out bankers, you will always bail out bankers (and central bankers). . . >and they know it.
It was small local lenders and unions who were bailed out. If you were around back then, you'd know that.
For all the so-called printing of money, there was no inflation. It's averaged 2.4% a year since 2008.
I majored in Monetary Economics in college. You ?
I was around while you apparently played hooky when the taught Bailed out banks
Me? degree in nuclear engineering. One of my courses was How To Learn Real Economics Via The Internet.
@derryb said:
coho believes our economic future depends on what we export. LOL LOL LOL
It depends on what we don't have to import.
Derryb believes we have to import crap...so maybe he can tell us what we have to import. I'll help hi....cars and car parts. You guys gonna start buying more Chevy Mailbu or Buicks. Lol
Tell me what we will make and who we will sell it to? You can't even come up with your own ideas. That's the LOL LOL LOL.
But, that's not what coho believes. Our economic engine depends on not what we manufacture, but what we create. And "they" appear to be waging war against that.
@derryb said:
Yep, then build a better Titanic. Keep bailing out bankers, you will always bail out bankers (and central bankers). . . >and they know it.
It was small local lenders and unions who were bailed out. If you were around back then, you'd know that.
For all the so-called printing of money, there was no inflation. It's averaged 2.4% a year since 2008.
I majored in Monetary Economics in college. You ?
I was around while you apparently played hooky when the taught Bailed out banks
Me? degree in nuclear engineering. One of my courses was How To Learn Real Economics Via The Internet.
That's like saying someone is an astrophysics because he looked at the sun during a solar eclipse without eye protection. Wait, didn't someone do that? Lol
But, that would explain your vast knowledge and deep critical thinking abilities on matters of economics, international monetary policy and intermarket relationships.
There is now an estimated $4 trillion worth of gold held by central banks, and $5 trillion by private investors, for a record global portfolio allocation of 3.5%.
@dcarr said:
And that is the PROBLEM: "tens of TRILLIONS of dollar-based loans exist".
The Federal Reserve and other banks fostered the situation [so as to profit from it].
No, that is the demand for dollars increasing for the global reserve currency.
.
Only a banker would think that tens of trillions of dollars of debt would be a good thing.
The problem with this massive debt is that there is no room for error or contraction. If defaults start, the cascading falling dominoes would be catastrophic. But there isn't enough population growth, economic growth, or enough people or private-sector entities willing to take on new debt to support the old debt. Only governments seem willing to take on large amounts of new debt. Their only other options are to default and/or inflate.
To avoid a massive credit event and depression, the Federal Reserve is eventually going to have to raise their official inflation target from the current 2% per year to 4% and beyond (and the unofficial target will be much higher).
@derryb said:
coho believes our economic future depends on what we export. LOL LOL LOL
It depends on what we don't have to import.
Derryb believes we have to import crap...so maybe he can tell us what we have to import. I'll help hi....cars and car parts. You guys gonna start buying more Chevy Mailbu or Buicks. Lol
Tell me what we will make and who we will sell it to? You can't even come up with your own ideas. That's the LOL LOL LOL.
But, that's not what coho believes. Our economic engine depends on not what we manufacture, but what we create. And "they" appear to be waging war against that.
.
The Chevrolet Malibu is a good car. If they make a new El Camino, i might get one. Buicks are good too. I have three old Buicks (1968, 1969, 1971).
I hate Subarus, Hondas, Toyotas, KIAs, Hyundais, etc. Even though they are popular. I would never buy a car just because of the popularity of it. In the long run (10 to 20 years after production), domestic cars are cheaper because of lower maintenance costs due to wider availability and lower cost of replacement parts.
We drive our "beater" 2009 Saturn SUV all the time. We bought it used, for cheap. Every chance I get I flog it like a cheap rented mule. Sooner or later it will die and I will abandon it by the side of the road. But even though I pretty much ignore it, it is up to 200,000 miles and just won't die.
When Chinese people and companies are buying American farmland, but Americans and American companies are not buying any Chinese land, that is an imbalance that should not stand for long.
@derryb said:
coho believes our economic future depends on what we export. LOL LOL LOL
It depends on what we don't have to import.
Derryb believes we have to import crap...so maybe he can tell us what we have to import. I'll help hi....cars and car parts. You guys gonna start buying more Chevy Mailbu or Buicks. Lol
changing others' words again? LOL
Read again; I said our economic future depends on what we don't have to import.
@derryb said:
coho believes our economic future depends on what we export. LOL LOL LOL
It depends on what we don't have to import.
Derryb believes we have to import crap...so maybe he can tell us what we have to import. I'll help hi....cars and car parts. You guys gonna start buying more Chevy Mailbu or Buicks. Lol
changing others' words again? LOL
Read again; I said our economic future depends on what we don't have to import.
And what will that be? That's what ive been asking and you cannot answer.
@derryb said:
coho believes our economic future depends on what we export. LOL LOL LOL
It depends on what we don't have to import.
Derryb believes we have to import crap...so maybe he can tell us what we have to import. I'll help hi....cars and car parts. You guys gonna start buying more Chevy Mailbu or Buicks. Lol
Tell me what we will make and who we will sell it to? You can't even come up with your own ideas. That's the LOL LOL LOL.
But, that's not what coho believes. Our economic engine depends on not what we manufacture, but what we create. And "they" appear to be waging war against that.
.
The Chevrolet Malibu is a good car. If they make a new El Camino, i might get one. Buicks are good too. I have three old Buicks (1968, 1969, 1971).
I hate Subarus, Hondas, Toyotas, KIAs, Hyundais, etc. Even though they are popular. I would never buy a car just because of the popularity of it.
They are popular because they are higher quality. Most are also more stylish. And this coming from someone who has owned 12 cars of which only 2 were foreign made.
In the long run (10 to 20 years after production), domestic cars are cheaper because of lower maintenance costs due to wider availability and lower cost of replacement parts.
Lol.
US cars don't even make it 20 years. Notice the top US vehicles are diesel powered trucks because a diesel engine lasts longer than an ICE. Not a single American car in the top 10.
@derryb said:
coho believes our economic future depends on what we export. LOL LOL LOL
It depends on what we don't have to import.
Derryb believes we have to import crap...so maybe he can tell us what we have to import. I'll help hi....cars and car parts. You guys gonna start buying more Chevy Mailbu or Buicks. Lol
changing others' words again? LOL
Read again; I said our economic future depends on what we don't have to import.
And what will that be? That's what ice been asking and you cannot answer.
things we don't have to import? Simple. The things we consume and buy. Let's return to making them for ourselves. Isn't that what tariffs are really all about?
@derryb said:
coho believes our economic future depends on what we export. LOL LOL LOL
It depends on what we don't have to import.
Derryb believes we have to import crap...so maybe he can tell us what we have to import. I'll help hi....cars and car parts. You guys gonna start buying more Chevy Mailbu or Buicks. Lol
changing others' words again? LOL
Read again; I said our economic future depends on what we don't have to import.
And what will that be? That's what ice been asking and you cannot answer.
things we don't have to import? Simple. The things we consume and buy. Let's return to making them for ourselves. Isn't that what tariffs are really all about?
Just how hard is your head?
Personal attack?
Give a few examples of what we would make here.
We are a service economy. We consume services. We import labor to do those services, why?
I dont think anyone really knows what these tariffs are about, not even the guy who placed them.
@derryb said:
coho believes our economic future depends on what we export. LOL LOL LOL
It depends on what we don't have to import.
Derryb believes we have to import crap...so maybe he can tell us what we have to import. I'll help hi....cars and car parts. You guys gonna start buying more Chevy Mailbu or Buicks. Lol
Tell me what we will make and who we will sell it to? You can't even come up with your own ideas. That's the LOL LOL LOL.
But, that's not what coho believes. Our economic engine depends on not what we manufacture, but what we create. And "they" appear to be waging war against that.
.
The Chevrolet Malibu is a good car. If they make a new El Camino, i might get one. Buicks are good too. I have three old Buicks (1968, 1969, 1971).
I hate Subarus, Hondas, Toyotas, KIAs, Hyundais, etc. Even though they are popular. I would never buy a car just because of the popularity of it.
They are popular because they are higher quality. Most are also more stylish. And this coming from someone who has owned 12 cars of which only 2 were foreign made.
In the long run (10 to 20 years after production), domestic cars are cheaper because of lower maintenance costs due to wider availability and lower cost of replacement parts.
Lol.
US cars don't even make it 20 years. Notice the top US vehicles are diesel powered trucks because a diesel engine lasts longer than an ICE. Not a single American car in the top 10.
We drive our "beater" 2009 Saturn SUV all the time.
I think everyone on this forum would have guessed that. Lol
.
I have a LOT more experience with vehicles than you do.
All those "Asian" cars are NOT higher quality. That is a myth, perpetuated by people who chronically compare older abused American cars to brand new pampered Asian cars.
My 1930 Ford runs great and is 95 years old. Unfortunately, I Just sold it for $25,000 because I am moving and won't have extra garage space. It only cost $550 when it was new and was made in Detroit, Michigan.
@derryb said:
coho believes our economic future depends on what we export. LOL LOL LOL
It depends on what we don't have to import.
Derryb believes we have to import crap...so maybe he can tell us what we have to import. I'll help hi....cars and car parts. You guys gonna start buying more Chevy Mailbu or Buicks. Lol
Tell me what we will make and who we will sell it to? You can't even come up with your own ideas. That's the LOL LOL LOL.
But, that's not what coho believes. Our economic engine depends on not what we manufacture, but what we create. And "they" appear to be waging war against that.
.
The Chevrolet Malibu is a good car. If they make a new El Camino, i might get one. Buicks are good too. I have three old Buicks (1968, 1969, 1971).
I hate Subarus, Hondas, Toyotas, KIAs, Hyundais, etc. Even though they are popular. I would never buy a car just because of the popularity of it.
They are popular because they are higher quality. Most are also more stylish. And this coming from someone who has owned 12 cars of which only 2 were foreign made.
In the long run (10 to 20 years after production), domestic cars are cheaper because of lower maintenance costs due to wider availability and lower cost of replacement parts.
Lol.
US cars don't even make it 20 years. Notice the top US vehicles are diesel powered trucks because a diesel engine lasts longer than an ICE. Not a single American car in the top 10.
@derryb said:
coho believes our economic future depends on what we export. LOL LOL LOL
It depends on what we don't have to import.
Derryb believes we have to import crap...so maybe he can tell us what we have to import. I'll help hi....cars and car parts. You guys gonna start buying more Chevy Mailbu or Buicks. Lol
changing others' words again? LOL
Read again; I said our economic future depends on what we don't have to import.
And what will that be? That's what ive been asking and you cannot answer.
@Goldminers said:
My 1930 Ford runs great and is 95 years old. Unfortunately, I Just sold it for $25,000 because I am moving and won't have extra garage space. It only cost $550 when it was new and was made in Detroit, Michigan.
@derryb said:
coho believes our economic future depends on what we export. LOL LOL LOL
It depends on what we don't have to import.
Derryb believes we have to import crap...so maybe he can tell us what we have to import. I'll help hi....cars and car parts. You guys gonna start buying more Chevy Mailbu or Buicks. Lol
Tell me what we will make and who we will sell it to? You can't even come up with your own ideas. That's the LOL LOL LOL.
But, that's not what coho believes. Our economic engine depends on not what we manufacture, but what we create. And "they" appear to be waging war against that.
.
The Chevrolet Malibu is a good car. If they make a new El Camino, i might get one. Buicks are good too. I have three old Buicks (1968, 1969, 1971).
I hate Subarus, Hondas, Toyotas, KIAs, Hyundais, etc. Even though they are popular. I would never buy a car just because of the popularity of it.
They are popular because they are higher quality. Most are also more stylish. And this coming from someone who has owned 12 cars of which only 2 were foreign made.
In the long run (10 to 20 years after production), domestic cars are cheaper because of lower maintenance costs due to wider availability and lower cost of replacement parts.
Lol.
US cars don't even make it 20 years. Notice the top US vehicles are diesel powered trucks because a diesel engine lasts longer than an ICE. Not a single American car in the top 10.
We drive our "beater" 2009 Saturn SUV all the time.
I think everyone on this forum would have guessed that. Lol
.
I have a LOT more experience with vehicles than you do.
Hey, i get it. I'd also want to make a grandiose and unsubstantiated statement to hide my embarrassment if I drove a 2009 Saturn.
.
You seem overly concerned with public perception. I couldn't care less. I'm not embarrassed in the slightest. If you have a problem with it then it is YOUR problem. My Saturn has been a reliable and frugal (although neglected) vehicle for 12 years. Bought it used when it had 70,000 miles. It now has 200,000 and I have never bothered to fix anything on it. I recently drove it all the way from Colorado to the Long Beach Coin Expo and back.
I stand by what I wrote regarding relative automotive experience.
People will buy what is available. If foreign-built cars become more expensive, I expect that people would look more at domestic vehicles.
@derryb said:
coho believes our economic future depends on what we export. LOL LOL LOL
It depends on what we don't have to import.
Derryb believes we have to import crap...so maybe he can tell us what we have to import. I'll help hi....cars and car parts. You guys gonna start buying more Chevy Mailbu or Buicks. Lol
Tell me what we will make and who we will sell it to? You can't even come up with your own ideas. That's the LOL LOL LOL.
But, that's not what coho believes. Our economic engine depends on not what we manufacture, but what we create. And "they" appear to be waging war against that.
.
The Chevrolet Malibu is a good car. If they make a new El Camino, i might get one. Buicks are good too. I have three old Buicks (1968, 1969, 1971).
I hate Subarus, Hondas, Toyotas, KIAs, Hyundais, etc. Even though they are popular. I would never buy a car just because of the popularity of it. In the long run (10 to 20 years after production), domestic cars are cheaper because of lower maintenance costs due to wider availability and lower cost of replacement parts.
We drive our "beater" 2009 Saturn SUV all the time. We bought it used, for cheap. Every chance I get I flog it like a cheap rented mule. Sooner or later it will die and I will abandon it by the side of the road. But even though I pretty much ignore it, it is up to 200,000 miles and just won't die.
When Chinese people and companies are buying American farmland, but Americans and American companies are not buying any Chinese land, that is an imbalance that should not stand for long.
.
You certainly live in a different world brother. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@derryb said:
coho believes our economic future depends on what we export. LOL LOL LOL
It depends on what we don't have to import.
Derryb believes we have to import crap...so maybe he can tell us what we have to import. I'll help hi....cars and car parts. You guys gonna start buying more Chevy Mailbu or Buicks. Lol
Tell me what we will make and who we will sell it to? You can't even come up with your own ideas. That's the LOL LOL LOL.
But, that's not what coho believes. Our economic engine depends on not what we manufacture, but what we create. And "they" appear to be waging war against that.
.
The Chevrolet Malibu is a good car. If they make a new El Camino, i might get one. Buicks are good too. I have three old Buicks (1968, 1969, 1971).
I hate Subarus, Hondas, Toyotas, KIAs, Hyundais, etc. Even though they are popular. I would never buy a car just because of the popularity of it.
They are popular because they are higher quality. Most are also more stylish. And this coming from someone who has owned 12 cars of which only 2 were foreign made.
In the long run (10 to 20 years after production), domestic cars are cheaper because of lower maintenance costs due to wider availability and lower cost of replacement parts.
Lol.
US cars don't even make it 20 years. Notice the top US vehicles are diesel powered trucks because a diesel engine lasts longer than an ICE. Not a single American car in the top 10.
We drive our "beater" 2009 Saturn SUV all the time.
I think everyone on this forum would have guessed that. Lol
.
I have a LOT more experience with vehicles than you do.
Hey, i get it. I'd also want to make a grandiose and unsubstantiated statement to hide my embarrassment if I drove a 2009 Saturn.
.
You seem overly concerned with public perception. I couldn't care less.
You seem to be saying American cars are ugly. I drive a plain Jane, stock pickup, so your assumptions are incorrect, again.
I'm not embarrassed in the slightest.
At least no one will steal it.
I stand by what I wrote regarding relative automotive experience.
Yes, you are better than me at everything, but I'm 100% confident I've driven more miles than you.
People will buy what is available. If foreign-built cars become more expensive, I expect that people would look more at domestic vehicles.
Yes, inflation!!! High prices!! That will help America!!! LOL. American cars are prices the same as comparable foreign cars dude. But maybe if we raise the price of those Hondas built in Georgia be can fire those American workers!! That will teach them!!
.
@derryb said:
coho believes our economic future depends on what we export. LOL LOL LOL
It depends on what we don't have to import.
Derryb believes we have to import crap...so maybe he can tell us what we have to import. I'll help hi....cars and car parts. You guys gonna start buying more Chevy Mailbu or Buicks. Lol
Tell me what we will make and who we will sell it to? You can't even come up with your own ideas. That's the LOL LOL LOL.
But, that's not what coho believes. Our economic engine depends on not what we manufacture, but what we create. And "they" appear to be waging war against that.
.
The Chevrolet Malibu is a good car. If they make a new El Camino, i might get one. Buicks are good too. I have three old Buicks (1968, 1969, 1971).
I hate Subarus, Hondas, Toyotas, KIAs, Hyundais, etc. Even though they are popular. I would never buy a car just because of the popularity of it.
They are popular because they are higher quality. Most are also more stylish. And this coming from someone who has owned 12 cars of which only 2 were foreign made.
In the long run (10 to 20 years after production), domestic cars are cheaper because of lower maintenance costs due to wider availability and lower cost of replacement parts.
Lol.
US cars don't even make it 20 years. Notice the top US vehicles are diesel powered trucks because a diesel engine lasts longer than an ICE. Not a single American car in the top 10.
We drive our "beater" 2009 Saturn SUV all the time.
I think everyone on this forum would have guessed that. Lol
.
I have a LOT more experience with vehicles than you do.
Hey, i get it. I'd also want to make a grandiose and unsubstantiated statement to hide my embarrassment if I drove a 2009 Saturn.
.
You seem overly concerned with public perception. I couldn't care less.
You seem to be saying American cars are ugly. I drive a plain Jane, stock pickup, so your assumptions are incorrect, again.
I'm not embarrassed in the slightest.
At least no one will steal it.
I stand by what I wrote regarding relative automotive experience.
Yes, you are better than me at everything, but I'm 100% confident I've driven more miles than you.
People will buy what is available. If foreign-built cars become more expensive, I expect that people would look more at domestic vehicles.
Yes, inflation!!! High prices!! That will help America!!! LOL. American cars are prices the same as comparable foreign cars dude. But maybe if we raise the price of those Hondas built in Georgia be can fire those American workers!! That will teach them!!
.
.
So you drive a lowly generic pickup truck. But you complain about someone else driving a lowly generic (but reliable) Saturn SUV. That figures, and it fits in with your apparent self-centered view. If you do it it's great. If someone else does it, not so good (for you).
If Honda workers are laid off, maybe they can go work for an American-owned company ?
I had friend who owned a Honda car (I forget the model). One day the rubber timing belt just broke while he was driving. It was an "interference" type of internal combustion engine. Without the timing belt to maintain the valve-train in the proper position, the pistons went smashing into the vales and destroyed the engine from the inside. The car never moved again under its own power.
Those rubber timing belts.... ugh!! Same thing happened to me many years ago... destroyed the engine. The Ford 2012 F-150 pickup I have now has the strong metal chain timing gear... I'm glad of it!
If Honda workers are laid off, maybe they can go work for an American-owned company ?
What does that really mean?
Honda has 4, maybe 5 assembly plants in the US, employing about 30,000 people in all their facilities. Budweiser has a dozen or so and employs 19,000 in the US. All contributing to their respective local communities via taxes and spending, Yet their parent companies are not in the US. And I am quite certain all those folks work for an US entity.
Remember that the shareholders of Budweiser chose to sell themselves to a foreign company.
@Wingsrule said:
If Honda workers are laid off, maybe they can go work for an American-owned company ?
What does that really mean?
It means they will be in the unemployment line with all the recently laid off federal employees, farmers that can't sell their crops, and all the other American workers of foreign companies competing for any new jobs created here. Assuming there are any new jobs once we enter the recession/depression. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@derryb said:
coho believes our economic future depends on what we export. LOL LOL LOL
It depends on what we don't have to import.
Derryb believes we have to import crap...so maybe he can tell us what we have to import. I'll help hi....cars and car parts. You guys gonna start buying more Chevy Mailbu or Buicks. Lol
Tell me what we will make and who we will sell it to? You can't even come up with your own ideas. That's the LOL LOL LOL.
But, that's not what coho believes. Our economic engine depends on not what we manufacture, but what we create. And "they" appear to be waging war against that.
.
The Chevrolet Malibu is a good car. If they make a new El Camino, i might get one. Buicks are good too. I have three old Buicks (1968, 1969, 1971).
I hate Subarus, Hondas, Toyotas, KIAs, Hyundais, etc. Even though they are popular. I would never buy a car just because of the popularity of it.
They are popular because they are higher quality. Most are also more stylish. And this coming from someone who has owned 12 cars of which only 2 were foreign made.
In the long run (10 to 20 years after production), domestic cars are cheaper because of lower maintenance costs due to wider availability and lower cost of replacement parts.
Lol.
US cars don't even make it 20 years. Notice the top US vehicles are diesel powered trucks because a diesel engine lasts longer than an ICE. Not a single American car in the top 10.
We drive our "beater" 2009 Saturn SUV all the time.
I think everyone on this forum would have guessed that. Lol
.
I have a LOT more experience with vehicles than you do.
Hey, i get it. I'd also want to make a grandiose and unsubstantiated statement to hide my embarrassment if I drove a 2009 Saturn.
.
You seem overly concerned with public perception. I couldn't care less.
You seem to be saying American cars are ugly. I drive a plain Jane, stock pickup, so your assumptions are incorrect, again.
I'm not embarrassed in the slightest.
At least no one will steal it.
I stand by what I wrote regarding relative automotive experience.
Yes, you are better than me at everything, but I'm 100% confident I've driven more miles than you.
People will buy what is available. If foreign-built cars become more expensive, I expect that people would look more at domestic vehicles.
Yes, inflation!!! High prices!! That will help America!!! LOL. American cars are prices the same as comparable foreign cars dude. But maybe if we raise the price of those Hondas built in Georgia be can fire those American workers!! That will teach them!!
.
.
So you drive a lowly generic pickup truck. But you complain about someone else driving a lowly generic (but reliable) Saturn SUV. That figures, and it fits in with your apparent self-centered view.
I never said lowly. I said plain Jane stock. So to you, aversge is lowly?
And you brought in your car and that you are more experienced, but i'm self-centered? What kind of weak gaslighting attempt is that?
@derryb said:
Me? degree in nuclear engineering. One of my courses was How To Learn Real Economics Via The Internet.
Yeah, what could go wrong listening to Internet Fraudsters who have lousy track records on economic and investment predictions being treated like they are Gospel !!
That link isn't of bailed out banks, it is of TARP recipients, willing or unwilling. Every Wall Street bank paid back their TARP funds with interest -- JPM and GS withink 9 months.
Unions have not paid back their borrowings (losses) and that includes the Teamsters $36 billion IRA handout.
@derryb said:
Me? degree in nuclear engineering. One of my courses was How To Learn Real Economics Via The Internet.
Yeah, what could go wrong listening to Internet Fraudsters who have lousy track records on economic and investment predictions being treated like they are Gospel !!
But, but, but Rickards, Shiff, Turd and Orgeon speak the bunker dwellers gospel, Lulz. True economists in their own gutter peddling minds. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@derryb said:
I'd say bad things too about tariffs if I was a billionaire running a hedge fund. He's getting it alright, in the shorts.
You think tariffs are good ?
Not good for a population dependent on imports.
Good for a population that needs to create jobs and factories.
I think tariffs are a harsh medicine that taken as prescribed will cure a nation's need for self dependence and that will lead to prosperity. Isn't prosperity the missing ingredient in our ill economy?
@derryb said:
I'd say bad things too about tariffs if I was a billionaire running a hedge fund. He's getting it alright, in the shorts.
You think tariffs are good ?
Not good for a population dependent on imports.
Good for a population that needs to create jobs and factories.
I think tariffs are a harsh medicine that taken as prescribed will cure a nation's need for self dependence and that will lead to prosperity. Isn't prosperity the missing ingredient in our ill economy?
Can you please provide some evidence of this "ill economy"? You're referencing the USA, right?
Go to Publix for your evidence. They've got a shopping cart full of evidence.
Oroes? That's your evidence?
Funny how for the last 15 years you've stated the economy stinks yet everyone who wants a job has one, asset prices have risen, household debt payments as a percentage of income have declined, personal income has doubled, and i could go on.
But now you say it's all going to get better. For 15 years you've been dead wrong, but now you change your tune and think good times are coming. Given your track record of economic and corporate prognostication of i think we may all want to be concerned. The prudent decision has always been to go opposite your narrative and I don't think changes.
Can you please provide some evidence of this "ill economy"? You're referencing the USA, right?
Go to Publix for your evidence. They've got a shopping cart full of evidence.
Oroes? That's your evidence?
Funny how for the last 15 years you've stated the economy stinks yet everyone who wants a job has one, asset prices have risen, household debt payments as a percentage of income have declined, personal income has doubled, and i could go on.
But now you say it's all going to get better. For 15 years you've been dead wrong, but now you change your tune and think good times are coming. Given your track record of economic and corporate prognostication of i think we may all want to be concerned. The prudent decision has always been to go opposite your narrative and I don't think changes.
The poor man's version of Rickards and Shiff right here on our own board. The snake oil salesmen certainly missed The Boom™. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@derryb said:
coho believes our economic future depends on what we export. LOL LOL LOL
It depends on what we don't have to import.
Derryb believes we have to import crap...so maybe he can tell us what we have to import. I'll help hi....cars and car parts. You guys gonna start buying more Chevy Mailbu or Buicks. Lol
Tell me what we will make and who we will sell it to? You can't even come up with your own ideas. That's the LOL LOL LOL.
But, that's not what coho believes. Our economic engine depends on not what we manufacture, but what we create. And "they" appear to be waging war against that.
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The Chevrolet Malibu is a good car. If they make a new El Camino, i might get one. Buicks are good too. I have three old Buicks (1968, 1969, 1971).
I hate Subarus, Hondas, Toyotas, KIAs, Hyundais, etc. Even though they are popular. I would never buy a car just because of the popularity of it.
They are popular because they are higher quality. Most are also more stylish. And this coming from someone who has owned 12 cars of which only 2 were foreign made.
In the long run (10 to 20 years after production), domestic cars are cheaper because of lower maintenance costs due to wider availability and lower cost of replacement parts.
Lol.
US cars don't even make it 20 years. Notice the top US vehicles are diesel powered trucks because a diesel engine lasts longer than an ICE. Not a single American car in the top 10.
We drive our "beater" 2009 Saturn SUV all the time.
I think everyone on this forum would have guessed that. Lol
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I have a LOT more experience with vehicles than you do.
Hey, i get it. I'd also want to make a grandiose and unsubstantiated statement to hide my embarrassment if I drove a 2009 Saturn.
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You seem overly concerned with public perception. I couldn't care less.
You seem to be saying American cars are ugly. I drive a plain Jane, stock pickup, so your assumptions are incorrect, again.
I'm not embarrassed in the slightest.
At least no one will steal it.
I stand by what I wrote regarding relative automotive experience.
Yes, you are better than me at everything, but I'm 100% confident I've driven more miles than you.
People will buy what is available. If foreign-built cars become more expensive, I expect that people would look more at domestic vehicles.
Yes, inflation!!! High prices!! That will help America!!! LOL. American cars are prices the same as comparable foreign cars dude. But maybe if we raise the price of those Hondas built in Georgia be can fire those American workers!! That will teach them!!
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So you drive a lowly generic pickup truck. But you complain about someone else driving a lowly generic (but reliable) Saturn SUV. That figures, and it fits in with your apparent self-centered view.
I never said lowly. I said plain Jane stock. So to you, aversge is lowly?
And you brought in your car and that you are more experienced, but i'm self-centered? What kind of weak gaslighting attempt is that?
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You posted the gigantic puke icon.
That says a lot more about you than about the vehicle in question.
Comments
No, that is the demand for dollars increasing for the global reserve currency.
No recession or depression.
What would you have done, kept monetary policy constant and rammed the iceberg ?
The evidence is that since 2008 they have been doing it. This is how.
Mechanism of Debt Financing for our government:
Quantitative Easing (QE): The Fed creates electronic reserves to purchase Treasury bonds and other assets. For example, during the COVID-19 crisis, the Fed bought $1.1 trillion in Treasury securities between March and April 2020, effectively printing new money to finance government spending. By 2020 alone, the Fed added $3.3 trillion to the money supply, representing 20% of all circulating dollars.
Monetary Base Expansion: The monetary base (currency + bank reserves) has surged during crises. In 2008–2009, it doubled from $850 billion to $1.7 trillion, and similar expansions occurred post-2020.
Inflation Risks: Large-scale money creation can devalue currency, as seen historically (e.g., Weimar Germany).
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And they will keep doing this for as long as they can.
Yep, then build a better Titanic. Keep bailing out bankers, you will always bail out bankers (and central bankers). . . and they know it.
ZeroHedge makes debut at White House press corps briefing
the price of gold isn't going to collapse as long as the world is trying to get away from the dollar. It almost seems intentional that the US confiscated $300 billion in Russian assets just when the BRICS started gaining momentum.
Even Japan is selling Treasuries, along with China and threatening anyone who even thinks about moving away from the dollar could end up being very counterproductive. Flip-flopping on tariffs doesn't help much either.
For gold to collapse, gov.com would have to balance its budget and begin paying off its debt, in addition to adhering to a coherent foreign policy over time that is honest without being coercive - both of which seem to be pretty remote possibilities.
I knew it would happen.
It was small local lenders and unions who were bailed out. If you were around back then, you'd know that.
For all the so-called printing of money, there was no inflation. It's averaged 2.4% a year since 2008.
I majored in Monetary Economics in college. You ?
Japan just bought $46 billion in Treasuries according to TIC data for February. Dumping the dollar means revaluing your currency upward and KO'ing exports.
You think Russia and China aren't being coercive ? They are thug-led countries.
We're not defaulting on our debt -- other countries do all the time, though.
I was around while you apparently played hooky when the taught Bailed out banks
Me? degree in nuclear engineering. One of my courses was How To Learn Real Economics Via The Internet.
ZeroHedge makes debut at White House press corps briefing
does destroying the currency count?
ZeroHedge makes debut at White House press corps briefing
Derryb believes we have to import crap...so maybe he can tell us what we have to import. I'll help hi....cars and car parts. You guys gonna start buying more Chevy Mailbu or Buicks. Lol
Tell me what we will make and who we will sell it to? You can't even come up with your own ideas. That's the LOL LOL LOL.
But, that's not what coho believes. Our economic engine depends on not what we manufacture, but what we create. And "they" appear to be waging war against that.
Knowledge is the enemy of fear
That's like saying someone is an astrophysics because he looked at the sun during a solar eclipse without eye protection. Wait, didn't someone do that? Lol
But, that would explain your vast knowledge and deep critical thinking abilities on matters of economics, international monetary policy and intermarket relationships.
Knowledge is the enemy of fear
There is now an estimated $4 trillion worth of gold held by central banks, and $5 trillion by private investors, for a record global portfolio allocation of 3.5%.
My US Mint Commemorative Medal Set
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Only a banker would think that tens of trillions of dollars of debt would be a good thing.
The problem with this massive debt is that there is no room for error or contraction. If defaults start, the cascading falling dominoes would be catastrophic. But there isn't enough population growth, economic growth, or enough people or private-sector entities willing to take on new debt to support the old debt. Only governments seem willing to take on large amounts of new debt. Their only other options are to default and/or inflate.
To avoid a massive credit event and depression, the Federal Reserve is eventually going to have to raise their official inflation target from the current 2% per year to 4% and beyond (and the unofficial target will be much higher).
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The Chevrolet Malibu is a good car. If they make a new El Camino, i might get one. Buicks are good too. I have three old Buicks (1968, 1969, 1971).
I hate Subarus, Hondas, Toyotas, KIAs, Hyundais, etc. Even though they are popular. I would never buy a car just because of the popularity of it. In the long run (10 to 20 years after production), domestic cars are cheaper because of lower maintenance costs due to wider availability and lower cost of replacement parts.
We drive our "beater" 2009 Saturn SUV all the time. We bought it used, for cheap. Every chance I get I flog it like a cheap rented mule. Sooner or later it will die and I will abandon it by the side of the road. But even though I pretty much ignore it, it is up to 200,000 miles and just won't die.
When Chinese people and companies are buying American farmland, but Americans and American companies are not buying any Chinese land, that is an imbalance that should not stand for long.
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changing others' words again? LOL
Read again; I said our economic future depends on what we don't have to import.
ZeroHedge makes debut at White House press corps briefing
And what will that be? That's what ive been asking and you cannot answer.
Knowledge is the enemy of fear
They are popular because they are higher quality. Most are also more stylish. And this coming from someone who has owned 12 cars of which only 2 were foreign made.
Lol.
US cars don't even make it 20 years. Notice the top US vehicles are diesel powered trucks because a diesel engine lasts longer than an ICE. Not a single American car in the top 10.
https://santanderconsumerusa.com/blog/longest-lasting-vehicles-iseecars-com-study
I think everyone on this forum would have guessed that. Lol
Knowledge is the enemy of fear
things we don't have to import? Simple. The things we consume and buy. Let's return to making them for ourselves. Isn't that what tariffs are really all about?
Just how hard is your head?
ZeroHedge makes debut at White House press corps briefing
Personal attack?
Give a few examples of what we would make here.
We are a service economy. We consume services. We import labor to do those services, why?
I dont think anyone really knows what these tariffs are about, not even the guy who placed them.
Knowledge is the enemy of fear
Actual thugs impose sanctions on another country.
ZeroHedge makes debut at White House press corps briefing
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I have a LOT more experience with vehicles than you do.
All those "Asian" cars are NOT higher quality. That is a myth, perpetuated by people who chronically compare older abused American cars to brand new pampered Asian cars.
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My 1930 Ford runs great and is 95 years old. Unfortunately, I Just sold it for $25,000 because I am moving and won't have extra garage space. It only cost $550 when it was new and was made in Detroit, Michigan.
My US Mint Commemorative Medal Set
Hey, i get it. I'd also want to make a grandiose and unsubstantiated statement to hide my embarrassment if I drove a 2009 Saturn.
Knowledge is the enemy of fear
What will we make?
This guy gets it.
https://www.bloomberg.com/news/articles/2025-04-25/ken-griffin-says-trump-tariffs-won-t-bring-back-manufacturing-jobs
Knowledge is the enemy of fear
How much time is left on the warranty?
My Adolph A. Weinman signature
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You seem overly concerned with public perception. I couldn't care less. I'm not embarrassed in the slightest. If you have a problem with it then it is YOUR problem. My Saturn has been a reliable and frugal (although neglected) vehicle for 12 years. Bought it used when it had 70,000 miles. It now has 200,000 and I have never bothered to fix anything on it. I recently drove it all the way from Colorado to the Long Beach Coin Expo and back.
I stand by what I wrote regarding relative automotive experience.
People will buy what is available. If foreign-built cars become more expensive, I expect that people would look more at domestic vehicles.
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I'd say bad things too about tariffs if I was a billionaire running a hedge fund. He's getting it alright, in the shorts.
ZeroHedge makes debut at White House press corps briefing
You certainly live in a different world brother. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
You seem to be saying American cars are ugly. I drive a plain Jane, stock pickup, so your assumptions are incorrect, again.
At least no one will steal it.
Yes, you are better than me at everything, but I'm 100% confident I've driven more miles than you.
Yes, inflation!!! High prices!! That will help America!!! LOL. American cars are prices the same as comparable foreign cars dude. But maybe if we raise the price of those Hondas built in Georgia be can fire those American workers!! That will teach them!!
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Knowledge is the enemy of fear
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So you drive a lowly generic pickup truck. But you complain about someone else driving a lowly generic (but reliable) Saturn SUV. That figures, and it fits in with your apparent self-centered view. If you do it it's great. If someone else does it, not so good (for you).
If Honda workers are laid off, maybe they can go work for an American-owned company ?
I had friend who owned a Honda car (I forget the model). One day the rubber timing belt just broke while he was driving. It was an "interference" type of internal combustion engine. Without the timing belt to maintain the valve-train in the proper position, the pistons went smashing into the vales and destroyed the engine from the inside. The car never moved again under its own power.
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Those rubber timing belts.... ugh!! Same thing happened to me many years ago... destroyed the engine. The Ford 2012 F-150 pickup I have now has the strong metal chain timing gear... I'm glad of it!
If Honda workers are laid off, maybe they can go work for an American-owned company ?
What does that really mean?
Honda has 4, maybe 5 assembly plants in the US, employing about 30,000 people in all their facilities. Budweiser has a dozen or so and employs 19,000 in the US. All contributing to their respective local communities via taxes and spending, Yet their parent companies are not in the US. And I am quite certain all those folks work for an US entity.
Remember that the shareholders of Budweiser chose to sell themselves to a foreign company.
It means they will be in the unemployment line with all the recently laid off federal employees, farmers that can't sell their crops, and all the other American workers of foreign companies competing for any new jobs created here. Assuming there are any new jobs once we enter the recession/depression. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
I never said lowly. I said plain Jane stock. So to you, aversge is lowly?
And you brought in your car and that you are more experienced, but i'm self-centered? What kind of weak gaslighting attempt is that?
Knowledge is the enemy of fear
Can we talk about sailboats now, that small typeface is hurting these tired eyes.
ZeroHedge makes debut at White House press corps briefing
No, I think bad actors actually attack other countries and kill innocents.
Yeah, what could go wrong listening to Internet Fraudsters who have lousy track records on economic and investment predictions being treated like they are Gospel !!
That link isn't of bailed out banks, it is of TARP recipients, willing or unwilling. Every Wall Street bank paid back their TARP funds with interest -- JPM and GS withink 9 months.
Unions have not paid back their borrowings (losses) and that includes the Teamsters $36 billion IRA handout.
You think tariffs are good ?
https://sailuniverse.com/2025/04/04/the-impact-of-trumps-new-tariffs-on-the-sailing-industry/
You may have to settle for a dinghy.
Knowledge is the enemy of fear
But, but, but Rickards, Shiff, Turd and Orgeon speak the bunker dwellers gospel, Lulz. True economists in their own gutter peddling minds. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Yet it is all unfolding.
ZeroHedge makes debut at White House press corps briefing
Not good for a population dependent on imports.
Good for a population that needs to create jobs and factories.
I think tariffs are a harsh medicine that taken as prescribed will cure a nation's need for self dependence and that will lead to prosperity. Isn't prosperity the missing ingredient in our ill economy?
ZeroHedge makes debut at White House press corps briefing
Isn't prosperity the missing ingredient in our ill economy?
Can you please provide some evidence of this "ill economy"? You're referencing the USA, right?
Now, I will say that the USA has recently been exposed to a virus and a test of its constitution is forthcoming.
Knowledge is the enemy of fear
Go to Publix for your evidence. They've got a shopping cart full of evidence.
ZeroHedge makes debut at White House press corps briefing
Philippians 4:4-7
Oroes? That's your evidence?
Funny how for the last 15 years you've stated the economy stinks yet everyone who wants a job has one, asset prices have risen, household debt payments as a percentage of income have declined, personal income has doubled, and i could go on.
But now you say it's all going to get better. For 15 years you've been dead wrong, but now you change your tune and think good times are coming. Given your track record of economic and corporate prognostication of i think we may all want to be concerned. The prudent decision has always been to go opposite your narrative and I don't think changes.
Knowledge is the enemy of fear
The poor man's version of Rickards and Shiff right here on our own board. The snake oil salesmen certainly missed The Boom™. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
My evidence is that people can't afford to eat healthy.
ZeroHedge makes debut at White House press corps briefing
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You posted the gigantic puke icon.
That says a lot more about you than about the vehicle in question.
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