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Became a Dynasty Defender: Apr 22, 2002 6:40:17 GMT -5
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Post by Riley on Aug 25, 2015 18:49:33 GMT -5
We are on the edge of losing reserve currency status--voila --our money becomes worthless outside our borders. When that happens, we will have to back it with something--gold, silver, grain--Popsicles--something.The only question about prcious metals is if there is sufficient quantity for the money supply.It's gonna get bumpy. haha our military plays a key role in keeping us as the money standard if not for that we would have lost that a while back. As long as our military is #1 our status won't change . The worry is if China and Russia do some deal together like go in the same currency ..m China and Russia could over take us . CHINA and Russia are already calling in a ton of our loans ... trying to squeeze us. If that happens the us wpuld need to combine with Europe. Just many senerios. The more I look at this. We are headed for a collapse and it will be worse than 08 and it's because I stead 9f taking our medicine from the housing g bubble we wanted to skate Scott free ... we will now have to pay a much bigger price. N o it's not Obama fault and prez would have borrowed like mad t9 fix it and ran the presses. They want to get elected again and we are a right now fock tommorow people. By 2017 imo it gets ugly for a long time I always get a chuckle outta a liberal that mentions anything about the military, whilst they are the very ones who'd vote to decrease our military....can't have it both ways there skippy!...lol...but, hey, not to worry, YOUR vote will go to a limp-wristed liberal anyways!.... |
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Became a Dynasty Defender: Dec 24, 2008 12:00:13 GMT -5
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Post by Streeter on Aug 25, 2015 19:28:16 GMT -5
our military plays a key role in keeping us as the money standard if not for that we would have lost that a while back. As long as our military is #1 our status won't change . The worry is if China and Russia do some deal together like go in the same currency ..m China and Russia could over take us . CHINA and Russia are already calling in a ton of our loans ... trying to squeeze us. If that happens the us wpuld need to combine with Europe. Just many senerios. The more I look at this. We are headed for a collapse and it will be worse than 08 and it's because I stead 9f taking our medicine from the housing g bubble we wanted to skate Scott free ... we will now have to pay a much bigger price. N o it's not Obama fault and prez would have borrowed like mad t9 fix it and ran the presses. They want to get elected again and we are a right now fock tommorow people. By 2017 imo it gets ugly for a long time I always get a chuckle outta a liberal that mentions anything about the military, whilst they are the very ones who'd vote to decrease our military....can't have it both ways there skippy!...lol...but, hey, not to worry, YOUR vote will go to a limp-wristed liberal anyways!.... Like it always give me a reason to roll my eyes when a Wacko righty/lefty wants to make everything about one political side or the other.  |
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Became a Dynasty Defender: Nov 14, 2002 7:09:12 GMT -5
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Post by ironhorse on Aug 26, 2015 5:45:09 GMT -5
Our currency is backed by our military, and our relatively stable economy.
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Became a Dynasty Defender: Dec 24, 2008 12:00:13 GMT -5
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Post by Streeter on Aug 26, 2015 11:59:23 GMT -5
Our currency is backed by our military, and our relatively stable economy. if by stable you mean held together by sticks , duct tape , n bubble gum ..... ok |
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Became a Dynasty Defender: Jan 17, 2006 13:57:55 GMT -5
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Post by littleblue on Aug 27, 2015 12:05:11 GMT -5
The imminent issue is the bond bubble, which I suspect will begin to leak air in October. A real sovereign debt crisis in the US will cause all sorts of mischief. Watch the money flows. Fear and loathing will further inflate the bond market as assets run from equities and China into UST's. Then...POP!
Interestingly, when the bond bubble bursts, it is likely money will flow back into stocks. Another confounding event where stocks appreciate as interest rates rise, and the Fed is basically a unic.
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Became a Dynasty Defender: Apr 22, 2002 6:40:17 GMT -5
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Post by Riley on Aug 27, 2015 17:49:45 GMT -5
streeter voted for obamer twice, didn't you?
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Became a Dynasty Defender: Apr 2, 2006 10:30:59 GMT -5
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Post by Des Moines Rugby on Aug 27, 2015 18:02:29 GMT -5
www.marketwatch.com/story/currency-war-in-china-or-market-forces-at-work-2015-08-25?link=MW_TD_popularmoney.cnn.com/2015/04/15/news/economy/japan-china-us-debt-treasury/en.wikipedia.org/wiki/Economy_of_the_United_StatesJapan actually holds slightly more of our treasury debt $1.23 trillion to China's $1.22 trillion...most of it is intermediate paper....China isn't stupid...it isn't in their best interest to dump treasuries into the market place...they use it as a relief valve for their own currency...they have their own issues at this point... Yes we have issues but we have an $18 Trillion Dollar annual GDP...which is 1/5th of the World's GDP...We aren't dependent on exports...Most of our companies have good balance sheets and most of the states and municipalities have fixed their budgets since the financial crisis... the real issue is with defined benefits...whether it is SSN or Medicare at the Federal level or some states with pension issues like Illinois and Kentucky..... these are systemic issues that need to be addressed not kicked like a can down the road..eventually there will have to be solutions...
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Became a Dynasty Defender: Apr 2, 2006 10:30:59 GMT -5
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Post by Des Moines Rugby on Aug 27, 2015 18:15:36 GMT -5
btw....part of the issue is the Fed...they have created this easy money world we live in and they are unwilling to begin what should have started a couple of years ago and raise rates slowly to bring some normalcy back to interest rates...they basically have thrown savers under the bus and rewarded debtors and the financial world with low rates....better to take the pain than delay the inevitable...Capitalism is about purging and renewal they have changed that game and allowed companies to survive that shouldn't have....yields in junk bonds are way to compressed at this point...too little reward for so much risk... but keep things in perspective....the corporate bond market is about $3 trillion with 75% investment grade and 25% junk....the treasury market dwarfs the corporate market... www.treasurydirect.gov/NP/debt/current |
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Became a Dynasty Defender: Apr 2, 2006 10:30:59 GMT -5
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Post by Des Moines Rugby on Aug 27, 2015 18:31:11 GMT -5
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Became a Dynasty Defender: Dec 24, 2008 12:00:13 GMT -5
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Post by Streeter on Aug 27, 2015 19:56:20 GMT -5
streeter voted for obamer twice, didn't you? Actually no just once ...... but a political hack like yourself can't help but try to blame the "other side" Not even daring to realize that both sides played their parts in this mess. |
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Became a Dynasty Defender: Sept 8, 2001 20:59:02 GMT -5
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Post by Katman on Aug 28, 2015 16:53:48 GMT -5
I think Des Moines had laid out some pretty good stuff up there. Read his followup posts as well
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