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Inflation will cause the government debt bubble to bust in the west
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2021-05-05 at 4:20 PM UTC
Originally posted by Donald Trump I think Vinny has read too much Zerohedge. The Dollar and Euro are OK stores of wealth, assuming you are willing to lose 2-4% a year to inflation, far less volatile than a lot of currencies.
you should too.
the thing is just as most people dont go out and buy gold bars as a storage of wealth, because gold bars are messy and heavy, so they buy gold certificates instead; ie paper gold.
now its the same with USDs and euros. people whombuy dollars and euros as a storage of wealth dont really buy amd import stacks of hard currencies and have armored trucks truck truckload of dollar bills to their house.
they buy paper dollars and paper euros instead; ie bonds and US/central banks treasury notes.I don't think people are leaving the Dollar/Euro system in any number, and I don't think China or Bitcoin are any sort of credible alternative to it. I don't think there are any alternative energy supply countries besides Russia and Iran either, and those are both going to see declining production soon due to peak oil. Venezuelan crude oil is heavy and sulphurous, and not worth extracting at current prices, and if it was worth extracting Uncle Sam and Uncle Moishe would have to bring democracy.
depending on your scale of 'future'.
it took rome hundreds of years of collapsing to collapse completely. -
2021-05-05 at 8:05 PM UTC
Originally posted by vindicktive vinny you should too.
Zerohedge predicts doom weekly.
Eventually they'll be right - sort of - but they give a very pessimistic warped interpretation of what is going on, at least in the short term.the thing is just as most people dont go out and buy gold bars as a storage of wealth, because gold bars are messy and heavy, so they buy gold certificates instead; ie paper gold.
now its the same with USDs and euros. people whombuy dollars and euros as a storage of wealth dont really buy amd import stacks of hard currencies and have armored trucks truck truckload of dollar bills to their house.
they buy paper dollars and paper euros instead; ie bonds and US/central banks treasury notes.
Some people keep dollars around. Lots of people have dollar denominated bank accounts too.depending on your scale of 'future'.
it took rome hundreds of years of collapsing to collapse completely.
Originally posted by aldra Bitcoin definitely not, but as for China, we'll see - especially as they continue to open Eurasian markets. Russia is specifically trying to pivot from the European market to the new ones.
Maybe. We'll see. Digital Yuan would be cool, but why? For buying stuff on Alibaba?Peak oil is… I dunno. I think we may have already passed it. I think Iran's got some of the biggest remaining supplies largely because they've been kept out of the market for so long.
Yeah I think we passed it, I expect oil to go up and up. We still rely on oil for energy - it's not like there are realistic alternatives. -
2021-05-05 at 8:10 PM UTCWat about Biden's green energy plan
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2021-05-05 at 8:14 PM UTC
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2021-05-06 at 6:45 PM UTCHe's gonna oversee the phase out of fossil fuels he's gonna save the earth.
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2021-05-06 at 7:02 PM UTCJeff Hunter did 9/11
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2021-05-08 at 3:40 PM UTC
Originally posted by Donald Trump Zerohedge predicts doom weekly.
Eventually they'll be right - sort of - but they give a very pessimistic warped interpretation of what is going on, at least in the short term.
ja but its not like you have to believe them, or take it in without thinking about it critically for yourself.Some people keep dollars around. Lots of people have dollar denominated bank accounts too.
define :
1- some. how many, in percentage, of the population.
2- source ?
3- so, putting all you're eggs in the bank. eh.Maybe. We'll see. Digital Yuan would be cool, but why? For buying stuff on Alibaba?
am never a proponent of digital currencies. dont know where you got that impression from. but for all intents and purposes, the main function of digital yuan is to circumvent the swift payment system.Yeah I think we passed it, I expect oil to go up and up. We still rely on oil for energy - it's not like there are realistic alternatives.
no, we're far from where the peak of oil is. the current peak oil is politically induced, not due to the availability of the said commodity.
like i said, thousands of millions of barrel of oil is being produced everyday while you sleep because trillion upon trillion tons of organic matter sunk to the seabed millions of years ago from this day.
oil creation is a gradual, contineous and unceasing process.
it never stops.
