Quote:
Originally Posted by FatherSioux
[You must be logged in to view images. Log in or Register.]
Tell me more about how the financial epicenter of the world is in trouble because they "owe" fake money to the Chinese. The Chinese who don't produce anything but junk and steal IP. You like to peacock around here like you're an authority on world affairs and you repeatedly cow-tow to the CCP.
|
JP is great and I wish everyone was watching him. However, the idea that we "owe" fake money to China is very seriously wrong. Imagine you got paid $20 trillion. Do you let that money sit in a non-interest bearing checking account? Of course not.
You buy stocks and bonds. For comparison, the total value of the S&P is $27 trillion. So what we "owe" China (actually only the CCP crooks at the top) is probably some half of our stock and bond market.
Quote:
|
Originally Posted by FatherSioux
If you believe we're in trouble because of our trade deficit I suggest you look into why it's nearly impossible for the country who's currency is the standard globally to not run a deficit.
|
Triffin's Paradox! You are on the right track here! But if this is a game that we are guaranteed to lose, why should we play when we have the clear alternative of the gold standard? Patriam is 100% right when he talks about the financial problems Trump is deliberately making worse. This is the planned destruction of the USD, and when it finishes the US becomes Brazil economically.
Unfortunately, the actions of the banking cartel are just very difficult to understand.