You got off on the wrong floor, P&N is one flight down :thumbsdown:
US dollars are printed on paper made from recycled cotton fiber, not wood pulp.The US got it all for free! Well, maybe for a forest or two
Originally posted by: Vic
That page has many glaring flaws and is mostly "tin foil hat stuff." First, the US has not gotten anything for free. All this dollar exporting has caused considerable inflation at home. The page's assertion to the contrary is ludicrous. Second, the page admits that most of the world's assets are in dollars, and that countries know that for them to dump the dollar (and dollar assets) would be disastrous to the global economy (and thus themselves), and yet the page comes to the conclusion that these countries are eager to commit exactly this form of economic suicide. Why? Because the page is typical double-thinking socialist bullsh!t, in which the opposite of reality is presented as reality. The fact is that Chavez and all the other oil-producing countries absolutely LOVE the current US dollar foreign policy, as it is making them fabulously wealthy. Exxon's current record profits are spit in a barrel compared to what the oil-producing countries are seeing.
Originally posted by: HombrePequeno
What frequency do I need to tune my tinfoil hat into for this article to make sense?
Originally posted by: Vic
That page has many glaring flaws and is mostly "tin foil hat stuff." First, the US has not gotten anything for free. All this dollar exporting has caused considerable inflation at home. The page's assertion to the contrary is ludicrous. Second, the page admits that most of the world's assets are in dollars, and that countries know that for them to dump the dollar (and dollar assets) would be disastrous to the global economy (and thus themselves), and yet the page comes to the conclusion that these countries are eager to commit exactly this form of economic suicide. Why? Because the page is typical double-thinking socialist bullsh!t, in which the opposite of reality is presented as reality. The fact is that Chavez and all the other oil-producing countries absolutely LOVE the current US dollar foreign policy, as it is making them fabulously wealthy. Exxon's current record profits are spit in a barrel compared to what the oil-producing countries are seeing.
Originally posted by: Naustica
People I know who are bearish on the dollar.
George Soros
Warren Buffett
Bill Gates
Bill Gross
You're talking about some rich, powerful, and smart people who are very bearish on the dollar. Bill Gross of Pimco who runs the world's largest bond fund is very bearish on the dollar as is George Soros. Both have placed big bets against the dollar.
I would not bet against these men.
Originally posted by: Vic
That page has many glaring flaws and is mostly "tin foil hat stuff." First, the US has not gotten anything for free. All this dollar exporting has caused considerable inflation at home. The page's assertion to the contrary is ludicrous. Second, the page admits that most of the world's assets are in dollars, and that countries know that for them to dump the dollar (and dollar assets) would be disastrous to the global economy (and thus themselves), and yet the page comes to the conclusion that these countries are eager to commit exactly this form of economic suicide. Why? Because the page is typical double-thinking socialist bullsh!t, in which the opposite of reality is presented as reality. The fact is that Chavez and all the other oil-producing countries absolutely LOVE the current US dollar foreign policy, as it is making them fabulously wealthy. Exxon's current record profits are spit in a barrel compared to what the oil-producing countries are seeing.
Bill Gross has a vested interest. Pimco manages substantial assets of US Treasury bonds, which have taken an unholy beating in the last 9 months.Originally posted by: Naustica
People I know who are bearish on the dollar.
George Soros
Warren Buffett
Bill Gates
Bill Gross
You're talking about some rich, powerful, and smart people who are very bearish on the dollar. Bill Gross of Pimco who runs the world's largest bond fund is very bearish on the dollar as is George Soros. Both have placed big bets against the dollar.
I would not bet against these men.
Those oil-producing countries are just extorting the Fed to keep raising interest rates in order to prop up their US currency investments. Plus they wouldn't mind getting a bigger piece of the Euro action.Originally posted by: OS
althought the article is largely full of this, i think the fundamental point is if the US lost world reserve currency due to a new oil market denominated in other currencies, the US dollar would fall substantially. It's an idea i haven't seen cleanly refuted yet.
Blah blah blah anyone who isn't a socialist is an evil right-winger blah blah blahOriginally posted by: RichardE
While I agree this particular author screwed up this whole subject with what he wrote, there are many very well written articles on this subject.
Regarding your point on when he mentioned the conomic suicide of nations, while it is true, that would only happen if it suddenly happened. If it was through a slow process of dumping US dollars for the Euro than it would not be as painfull as a sudden just pure dump.
Ignoring it is a typical right winger dream in which if they close there eyes, the problems might disapere though. This author just did not present the issue very well.
Originally posted by: Vic
Blah blah blah anyone who isn't a socialist is an evil right-winger blah blah blahOriginally posted by: RichardE
While I agree this particular author screwed up this whole subject with what he wrote, there are many very well written articles on this subject.
Regarding your point on when he mentioned the conomic suicide of nations, while it is true, that would only happen if it suddenly happened. If it was through a slow process of dumping US dollars for the Euro than it would not be as painfull as a sudden just pure dump.
Ignoring it is a typical right winger dream in which if they close there eyes, the problems might disapere though. This author just did not present the issue very well.
:roll:
Real world don't work that way, so get a clue. Socialism is the twin brother of fascism, as both are schemes of a state-controlled economy, while capitalism is more or less the opposite of both.
FYI: there are always problems. The world is always on the precipice of disaster if you choose to look at it that way. Funny it hasn't ended yet.
Originally posted by: Vic
Blah blah blah anyone who isn't a socialist is an evil right-winger blah blah blahOriginally posted by: RichardE
While I agree this particular author screwed up this whole subject with what he wrote, there are many very well written articles on this subject.
Regarding your point on when he mentioned the conomic suicide of nations, while it is true, that would only happen if it suddenly happened. If it was through a slow process of dumping US dollars for the Euro than it would not be as painfull as a sudden just pure dump.
Ignoring it is a typical right winger dream in which if they close there eyes, the problems might disapere though. This author just did not present the issue very well.
:roll:
Real world don't work that way, so get a clue. Socialism is the twin brother of fascism, as both are schemes of a state-controlled economy, while capitalism is more or less the opposite of both.
FYI: there are always problems. The world is always on the precipice of disaster if you choose to look at it that way. Funny it hasn't ended yet.
Excuse me, you were the one who went black and white, not I. Nor am I a right-winger. I am a liberal capitalist with a solid real-world background in economics and finance. Your socialist BS makes for a pretty utopian fantasy but in reality it's just a bunch of fearmongering OMG-the-world-is-coming-to-an-end totalitarianism.Originally posted by: RichardE
Anyone who doesn't follow a right wing line is a double thinking socialist
:roll:
Real world is alot more complicated than you like it to, if it is not black and white it is a conspiracy. Of course, the government has never done anything scandalous, in its history, so we could never imagine that happening.
Originally posted by: Vic
Excuse me, you were the one who went black and white, not I. Nor am I a right-winger. I am a liberal capitalist with a solid real-world background in economics and finance. Your socialist BS makes for a pretty utopian fantasy but in reality it's just a bunch of fearmongering OMG-the-world-is-coming-to-an-end totalitarianism.Originally posted by: RichardE
Anyone who doesn't follow a right wing line is a double thinking socialist
:roll:
Real world is alot more complicated than you like it to, if it is not black and white it is a conspiracy. Of course, the government has never done anything scandalous, in its history, so we could never imagine that happening.
Originally posted by: Vic
Excuse me, you were the one who went black and white, not I. Nor am I a right-winger. I am a liberal capitalist with a solid real-world background in economics and finance. Your socialist BS makes for a pretty utopian fantasy but in reality it's just a bunch of fearmongering OMG-the-world-is-coming-to-an-end totalitarianism.Originally posted by: RichardE
Anyone who doesn't follow a right wing line is a double thinking socialist
:roll:
Real world is alot more complicated than you like it to, if it is not black and white it is a conspiracy. Of course, the government has never done anything scandalous, in its history, so we could never imagine that happening.
Originally posted by: RichardE
Originally posted by: Vic
Excuse me, you were the one who went black and white, not I. Nor am I a right-winger. I am a liberal capitalist with a solid real-world background in economics and finance. Your socialist BS makes for a pretty utopian fantasy but in reality it's just a bunch of fearmongering OMG-the-world-is-coming-to-an-end totalitarianism.Originally posted by: RichardE
Anyone who doesn't follow a right wing line is a double thinking socialist
:roll:
Real world is alot more complicated than you like it to, if it is not black and white it is a conspiracy. Of course, the government has never done anything scandalous, in its history, so we could never imagine that happening.
I am more of a Stalin type of Socialism, I think Stunt called me borderline facist, but your little "if everything is not printed clearly on a government issues paper it must be a tin foil conspiracy" BS whinning is pathetic and pretty ignorant of the fact things happen that is not all made nice and clear for everyone.