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Fedgov will prop-up things yet again if the economy gets too hairy.
Can't prop things up if the currency you are using to do that is little more than confetti.
"Stimulus" and "QE" will become increasingly less effective, and more and more will be needed to achieve the same result, until we just OD on stimulus, and end up killing the currency itself.
Can't prop things up if the currency you are using to do that is little more than confetti.
"Stimulus" and "QE" will become increasingly less effective, and more and more will be needed to achieve the same result, until we just OD on stimulus, and end up killing the currency itself.
Please explain.
If “the west” is the United States, Japan, Australia/nz, Canada, the United Kingdom, and Germany (eurozone), and they account for 95% of global reserves, and they’re all coordinating their devaluations together, what is changing materially? What is the counter weight to it that would step in and stop what they’re doing?
If the anchor is the usd, which all other currencies are measured against, how do they all go to zero? Many countries have targets or ranges of exchange they will accept and they intervene until they get it.
It’s like trying to say coke and Pepsie sales are going to go to zero in the soft drink business. What’s going to push them off their spot?
Last edited by Thatsright19; 02-02-2022 at 07:55 AM..
If “the west” is the United States, Japan, Australia/nz, Canada, the United Kingdom, and Germany (eurozone), and they account for 95% of global reserves, and they’re all coordinating their devaluations together, what is changing materially? What is the counter weight to it that would step in and stop what they’re doing?
If the anchor is the usd, which all other currencies are measured against, how do they all go to zero? Many countries have targets or ranges of exchange they will accept and they intervene until they get it.
It is the fate of every fiat currency to be destroyed in either a hyperinflation, or a massive loss of confidence.
Fedgov will prop-up things yet again if the economy gets too hairy.
No it won’t and it looks like THE STALL is ending. The FED has hit the DEBT WALL and inflation is telling us that repressing interest rates to protect debt has a real cost.
Now the deflation begins. 300% total debt to GDP must be cut to about 130%. In 1929-1947 it took a global depression and a World War to accomplish this. It is a time of destruction and darkness by definition.
It seems to me that some of you are still in la la land and don’t understand the current situation seriously.
Good Luck!
I agree that we're F'd; but, not because of oil. The bigger issue is the environment. In financial terms we are all bubbled up for sure (but, who really cares as it never seems to have much to do with everyday life).
How can this be factual, when the system we currently operate in has never existed in history. The USD is the standard. It is the anchor.
Tell that to the Roman Senate. Empires come, empires go. What else is new? It just tends not to be too pleasant living inside one of them when it does fall.
Tell that to the Roman Senate. Empires come, empires go. What else is new? It just tends not to be too pleasant living inside one of them when it does fall.
It’s not too pleasant living outside it after. Dark ages and all that. Careful what they wish for, ect.
If American hegemony falls, after picking up on the back of The British empires hegemony, it’s highly likely the rest of the globe would suffer far, far worse.
In fact, if history is any guide, the rest of the world should be downright terrified for a country of such status to begin to lose its real standard of living while sitting on top of a military with this type of global reach. We just got a small taste of people nearly falling for a madman.
Last edited by Thatsright19; 02-02-2022 at 12:55 PM..
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