Posted on 01/15/2014 7:33:03 PM PST by Publius
What is this thread about?
Collapsing gold prices.
Do collapsing prices mean “hyper-inflation”?
No.
“We don’t *want* the Dollar to be the world’s reserve currency.”
I was responding to this ASININE comment of yours. Not the overall topic of the thread. But you are so brilliant that seems to have escaped your attention. Now F#ck off.
You don’t understand basic economics. A strong Dollar costs the U.S. jobs by making imported goods cheaper.
A weak Dollar makes imports more expensive.
People who want a strong Dollar want the U.S. buying more Chinese goods.
People like you.
I find it a bit treasonous.
...but giving you the benefit of the doubt, it might just be your ignorance.
You jackass. WHERE I come out for a strong or weak dollar? Not that’s it’s the idiot black and white cartoon you portray either “ weak good,strong bad”. Tell Weimar Germans or Venezuelans the beauty of a weak currency.
I pointed out that WHEN the dollar stops the reserve currency it will lead to an economic collapse. If you don’t understand the concept that because the USD is the world reserve currency it allows us to paper over our debt at little or no interest you are clueless.
You don’t understand economics. Ranting and name-calling isn’t going to improve your economics grasp, either.
A weak Dollar buys fewer imports, but more domestic goods.
Wanting the opposite, a Dollar strong-enough to be the world’s reserve currency, is wanting the U.S. to prop up global economies at our domestic expense.
I always love it when the person who starts ranting and name calling gets offended.
“You don’t understand economics”
“NEWS FLASH COWBOY”
“ treasonous”
It’s called “ projection”. Look it up. Maybe you can learn something.
If economics were as simple as “ Weak currency GOOD! “ “ Strong currency BAD!” Zimbabwe would have been an export powerhouse, and Germany would be a basket case. There are some export benefits to a weak dollar. Those have to be balanced against its effect on import costs that drive up inflation and capital flows. My point which HAD NOTHING TO DO WITH THAT TOPIC, was loss of reserve currency status by the US dollar will result in horrific dislocations in the US economy :
“The loss of reserve currency status will be a serious problem for the US.
Through this convention, the US can expropriate resources from foreign countries by buying their goods and services with its own printed money.
Without the ability to expropriate resources from foreign countries, the US government will not be able to honour its unfunded liabilities to its own citizens . What can the US government do? It can repudiate its unfunded liabilities to its own citizens and protect the US dollar (to still function as money) or fulfill them by destroying the US dollar (hyperinflation). It cannot remain solvent and protect the US dollar simultaneously unless it finds a way to expropriate resources from foreign nations by force (i.e. go to war).”
Won’t that be a fun day?
You have a rare blend of ignorance that you believe is knowledge,
coupled with a laughable sense of self righteousness and a small nasty disposition.
Have a nice day.
For you, that's a good thing.
For patriots, expropriating goods from foreign nations means buying foreign goods instead of domestic goods...not a good thing.
Ad hominem again. You got nothing.
Just explaining the ways of the world to ya, kid. Not that you’ll clue in...
Yeah, attacking my patriotism . Spare me.
Not necessarily. Your lack of patriotism is merely one possibility. The other possibility is that you simply don’t understand that a strong Dollar benefits the rest of the world more than the U.S.
And I’m pretty sure you don’t understand anything about economics.
By tha way Mr Patriot, what branch did you serve in?
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