The US economy is collapsing!

[johncruz12345]

When we look at economies, we will often look at the goods a certain country produces and to what capacity. So I understand your line of reasoning, but the crux of the problem is that the U.S dollar is held up on one pole. And that's being the world reserve currency in virtue of Bretton Woods.

America doesn't manufacture anything relative to it's currency value. That's why when the dollar falls. The U.S is going to be hit the hardest.

European still manufacture more then America. And they have their own currency's to resort back to that will back their economy. Guess what? We don't have another currency. We would have to go straight to gold if that happens.

China doesn't "hate" all of Europe. Because Europe is no match. The only 3 global superpowers is China, Russia, and America. China and Russia are in a state of peace. America and China have this silent war that's been brewing for decades.

So when shit hits the fan, and Europe realizes that America (as a superpower) is dying, they will make peace with China.

I, and many others in Forex and politics in general, believe that the next global world currency is going to be the Yuan.

Prepare boyo.

Yuan wont be glob reserve. China keeps tight control over their currency.

Wirld trade will be more decentralised. Countries will trade in gold, or their own/other currincies.

 

[Deleted member 19530]

When we look at economies, we will often look at the goods a certain country produces and to what capacity. So I understand your line of reasoning, but the crux of the problem is that the U.S dollar is held up on one pole. And that's being the world reserve currency in virtue of Bretton Woods.

America doesn't manufacture anything relative to it's currency value. That's why when the dollar falls. The U.S is going to be hit the hardest.

European still manufacture more then America. And they have their own currency's to resort back to that will back their economy. Guess what? We don't have another currency. We would have to go straight to gold if that happens.

China doesn't "hate" all of Europe. Because Europe is no match. The only 3 global superpowers is China, Russia, and America. China and Russia are in a state of peace. America and China have this silent war that's been brewing for decades.

So when shit hits the fan, and Europe realizes that America (as a superpower) is dying, they will make peace with China.

I, and many others in Forex and politics in general, believe that the next global world currency is going to be the Yuan.

Prepare boyo.

This is assuming Europe will tell America to fuck off. A much more likely scenario is that America will use Europe to sustain itself, forcing the euro down so that they export to America. They will be used similar to how the US uses Japan. European politicians are already bought off anyways, unlikely they will do the best thing for their countries, they will just do what’s best for them

 

[micropenis29]

This

The US can't even make money without being in debt and bullying other nations to go in debt

i see it very differently

in my view, debt is a financial technology

and so lending out dollars to other nations is the opposite of bullying; by issuing loans, america gives less economically developed nations access to resources they'd otherwise not have access to

 

[Kingcel32]

Nah America won’t fall for a long time. This is due to the foundational elements that were put in place in the countries founding. Specifically economic and political freedom. As long as America doesn’t do anything to disrupt these two foundations, the economy will eventually recover and America will prosper once again.

 

[Deleted member 19896]

everyone putting their faith in shitcoin

 

[Lord-Arthur_17]

Critique of Markets

Overproduction
Currently the market produces 50% more food than it would need to feed earth's entire population.

Distributional Inefficiency
And yet, despite the market producing 50% more food than it would need to feed earth's entire population, 10,000,000 people starve to death every single year with another billion suffering from malnutrition.

Ruthless Competition
Everyone who does not do the best to get ahead of everyone else is actively punished by being overtaken by somebody else, leaving no space for anything that isn't the most profitable.

Inequality
With economy controlling so many aspects of society, it only makes sense that people with more economic power can have better life and better opportunities.

Generational Inequality
With better opportunities, people with more economic will have children that will have better opportunities (such as education and better social contacts), this will exponentially increase over generations, with people with less economic power having progressively less and less and people with more progressively more and more.

Corruption
With the massive amounts of money that can be amassed by individuals, buying influence becomes easy and common, leading to oligarchies, imperialism and general opression.

Poisoning of Society
Slavery, racism, anti-semitism, transphobia, homophobia, nationalism, misogeny, castes, ableism, ageism, anti-intellectualism, aporophobia were all caused in one way or another by market economics.

Monopolies
With rampant corruption, any sort of government will eventually become a puppet of the economy, leaving no democracy or freedom to speak of.

Inevitable Feudalism
With political monopolies forming, the society will eventually become more or less owned by one person and because of generational inequality, the corporate positions will become more or less inherited.

 

[jaw_is_law]

Critique of Markets

Overproduction
Currently the market produces 50% more food than it would need to feed earth's entire population.

Distributional Inefficiency
And yet, despite the market producing 50% more food than it would need to feed earth's entire population, 10,000,000 people starve to death every single year with another billion suffering from malnutrition.

Ruthless Competition
Everyone who does not do the best to get ahead of everyone else is actively punished by being overtaken by somebody else, leaving no space for anything that isn't the most profitable.

Inequality
With economy controlling so many aspects of society, it only makes sense that people with more economic power can have better life and better opportunities.

Generational Inequality
With better opportunities, people with more economic will have children that will have better opportunities (such as education and better social contacts), this will exponentially increase over generations, with people with less economic power having progressively less and less and people with more progressively more and more.

Corruption
With the massive amounts of money that can be amassed by individuals, buying influence becomes easy and common, leading to oligarchies, imperialism and general opression.

Poisoning of Society
Slavery, racism, anti-semitism, transphobia, homophobia, nationalism, misogeny, castes, ableism, ageism, anti-intellectualism, aporophobia were all caused in one way or another by market economics.

Monopolies
With rampant corruption, any sort of government will eventually become a puppet of the economy, leaving no democracy or freedom to speak of.

Inevitable Feudalism
With political monopolies forming, the society will eventually become more or less owned by one person and because of generational inequality, the corporate positions will become more or less inherited.

Giga based

 

[TYRONELITEMOGGER]

The dollar is now equal to the euro. I told you europe will crash harder and you didn’t believe me

 

[Deleted member 8869]

pretty much any first world country besides the US is better

the Netherlands, Northern Europe, Germany, Canada, Switzerland, New Zealand are probably the most based countries to move to if you want financial ascension

JFL GERMANY AHAHAHH FINANCIAL ASCENSION AHAHHAHAHA

 

[Deleted member 8869]

if you dont have money then the US economy is not a good place to be right now because its growing inflation, Government, taxes, people and stagnation is making it a very unprosperous place to live in. It would be a more financially savvy decision to move out of the USA and into a more economically prosperous country especially considering that the US economy isnt expected to recover soon

The US economy will never be the same and Fiat currency and inflation is only going to lead to the rich getting richer and poor getting poorer so try to put as much fiat currency as you can into gold and silver

we are having increasing borrowing costs, increasing consumption and increasing prices, increases in population and immigrants moving into the US and an increase in home prices, increases in government spending and monetary and fiscal policy such as quantitative easing and federal reserve fractional reserve banking, real inflation is at all time highs, interest rates are increasing

These are all indicators that the USA economy is collapsing



ITS OVER FOR THE USA

retarded ass thread