I didn't say the world has lost confined the dollar. I said the world has lost confidence in the regime.
you forget the GOLDen rule: Price of gold is a reflection of faith in the currency it is priced in. One can lose faith in the regime and still have a strong currency.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
I didn't say the world has lost confined the dollar. I said the world has lost confidence in the regime.
you forget the GOLDen rule: Price of gold is a reflection of faith in the currency it is priced in. One can lose faith in the regime and still have a strong currency.
Some folk just buy stuff cuz others are buying stuff. Self-fulfilling prophecy. You see it all the time.
Can name a time when a strong currency was associated with a no confidence regime?
I didn't say the world has lost confined the dollar. I said the world has lost confidence in the regime.
you forget the GOLDen rule: Price of gold is a reflection of faith in the currency it is priced in. One can lose faith in the regime and still have a strong currency.
Some folk just buy stuff cuz others are buying stuff. Self-fulfilling prophecy. You see it all the time.
Can name a time when a strong currency was associated with a no confidence regime?
based on many of you previous posts we have a strong currency; are you confident in your regime?
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
I didn't say the world has lost confined the dollar. I said the world has lost confidence in the regime.
you forget the GOLDen rule: Price of gold is a reflection of faith in the currency it is priced in. One can lose faith in the regime and still have a strong currency.
Some folk just buy stuff cuz others are buying stuff. Self-fulfilling prophecy. You see it all the time.
Can name a time when a strong currency was associated with a no confidence regime?
based on many of you previous posts we have a strong currency; are you confident in your regime?
@RedneckHB said:
I didn't say the world has lost confined the dollar. I said the world has lost confidence in the regime.
Asia de-populates (China will lose 25% of her workforce by 2055) and Europe pursues "net zero" nonsense. They should worry about what they are doing to screw up their own economies.
@RedneckHB said:
I didn't say the world has lost confined the dollar. I said the world has lost confidence in the regime.
Asia de-populates (China will lose 25% of her workforce by 2055) and Europe pursues "net zero" nonsense. They should worry about what they are doing to screw up their own economies.
.
The human population is, perhaps, already too high. Many things will contribute to limiting the population: scarcity of resources; pandemics; war; diminished prospects; etc.
Our debt-based monetary system works OK when the population is growing and new people are constantly entering the system, taking on new debt to pay off the old debt and servicing that debt.
But when the population levels off and is no longer growing, with insufficient new people willing to take on and service debt, the debt-based monetary system will not hold up. It will fall on its face and the old debt structures will collapse.
We are seeing the first effects of this now. The only thing that will disrupt the trend is if robots are able to do most of the work and human labor is no longer needed.
Did you ever wonder why Europe didn't create a single job from 1998-2018 while we created tens of millions ?
No I've never wondered that because Europe created 10s of millions of jobs during that time period. The integration of the Eastern Bloc countries was in full swing.
Took about 4.5 seconds (im a 1-finger typist) to do a Google search...
Comments
The current value of trade among the BRICS+ nations is around USD 5 trillion. Wonder how much of that is done without US dollars?
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
Trade within the BRICS bloc is about $1 trillion. 2/3rds of that is without use of the dollar.
Jim Rickards: Gold is leaving the U.S. in record amounts
Didn't that gold (and more) already come back to the U.S. since Rickards made that observation?
I knew it would happen.
I didn't say the world has lost confined the dollar. I said the world has lost confidence in the regime.
Knowledge is the enemy of fear
you forget the GOLDen rule: Price of gold is a reflection of faith in the currency it is priced in. One can lose faith in the regime and still have a strong currency.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
Some folk just buy stuff cuz others are buying stuff. Self-fulfilling prophecy. You see it all the time.
Can name a time when a strong currency was associated with a no confidence regime?
Knowledge is the enemy of fear
based on many of you previous posts we have a strong currency; are you confident in your regime?
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
Previous to when, November 5, 2024?
Are you confident with your regime?
We are weak.
BtW---have we ever clarified Rickards "collapse"?
Knowledge is the enemy of fear
Asia de-populates (China will lose 25% of her workforce by 2055) and Europe pursues "net zero" nonsense. They should worry about what they are doing to screw up their own economies.
Robots promise to be the laborers of the future Musk and others think.
Why and where is it going and who is selling and who is buying,
going to asian and BRICS central banks, been hoarding for a while. US central bank is not buying,
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
You talking bout the usa?
Knowledge is the enemy of fear
Did you ever wonder why Europe didn't create a single job from 1998-2018 while we created tens of millions ?
.
The human population is, perhaps, already too high. Many things will contribute to limiting the population: scarcity of resources; pandemics; war; diminished prospects; etc.
Our debt-based monetary system works OK when the population is growing and new people are constantly entering the system, taking on new debt to pay off the old debt and servicing that debt.
But when the population levels off and is no longer growing, with insufficient new people willing to take on and service debt, the debt-based monetary system will not hold up. It will fall on its face and the old debt structures will collapse.
We are seeing the first effects of this now. The only thing that will disrupt the trend is if robots are able to do most of the work and human labor is no longer needed.
.
No I've never wondered that because Europe created 10s of millions of jobs during that time period. The integration of the Eastern Bloc countries was in full swing.
Took about 4.5 seconds (im a 1-finger typist) to do a Google search...
Knowledge is the enemy of fear