American Economics Thread

[Team Blue]

Thank god for a government job I can't just be fired from I guess

 

[KYli]

The Democrats are already talking about more stimulus and making unemployment and stimulus checks automatic in downturn. They really think they could keep piling debt without any repercussion.

 

[2handedswordsman]

The traditional way most large eCONomies solve the debt problem is to Grow themselves out of the ditch, thats mathematically impossible now that global energy supplies are peaking... even a mere slowdown will mean sure collapse of pyramid scheme. Europes lost decade? EU is never coming back. In the shrinking zerosum pie the only way China can keep growing is if America is forced to lower their unfair living standards... the days of 5% population consuming 50% resources must come to end

The funny stuff is that the only way to save the US economy is to devalue the dollar so US can be competitive, so it can rebuilt its production capabilities. But this means that wealthy people will suffer a haircut at their savings and also devalue the world's economy in general because of the global currency status of dollar. Even they store their money in Cayman, Luxemburg, Switzerland, Bitcoins or precious metals. The presses can only go brrr but no one can purchase bonds, so fed is lending itself inflation money...lol this is a trap. The metaphysics of capitalist economics reached its logical boundries. National economies around world will try immediately to find ways to disengage of dollar. Lets wait and see

 

[KYli]

The funny stuff is that the only way to save the US economy is to devalue the dollar so US can be competitive, so it can rebuilt its production capabilities. But this means that wealthy people will suffer a haircut at their savings and also devalue the world's economy in general because of the global currency status of dollar. Even they store their money in Cayman, Luxemburg, Switzerland, Bitcoins or precious metals. The presses can only go brrr but no one can purchase bonds, so fed is lending itself inflation money...lol this is a trap. The metaphysics of capitalist economics reached its logical boundries. National economies around world will try immediately to find ways to disengage of dollar. Lets wait and see

Dollar devaluation would lead to inflation, inflation would lead to higher interest rate, higher interest rate would lead to higher mortgage and lending rate, higher mortgage and lending rate would lead to the collapse of the US stock market and housing market. So there would not be a dollar devaluation. Dollar hegemony is what keep the printing press going. Any significant devaluation would hinder dollar hegemony.

 

[steel21]

Dollar devaluation would lead to inflation, inflation would lead to higher interest rate, higher interest rate would lead to higher mortgage and lending rate, higher mortgage and lending rate would lead to the collapse of the US stock market and housing market. So there would not be a dollar devaluation. Dollar hegemony is what keep the printing press going. Any significant devaluation would hinder dollar hegemony.

Seesh, sounds like Yoda.

 

[Nutrient]

The traditional way most large eCONomies solve the debt problem is to Grow themselves out of the ditch, thats mathematically impossible now that global energy supplies are peaking... even a mere slowdown will mean sure collapse of pyramid scheme. Europes lost decade? EU is never coming back. In the shrinking zerosum pie the only way China can keep growing is if America is forced to lower their unfair living standards... the days of 5% population consuming 50% resources must come to end

There's some hope that global energy supplies may actually be on the verge of expanding enormously, if the fast neutron breeder reactors really work. I discussed this inside the Chinese scientific and technological development thread.

 

[2handedswordsman]

I was talking about real economy, rebuild infastructure, bring back factories and produce goods in competitive price. Anyway dollar hegemony is coming to its end soon. There is no way to support it without real economy anymore

 

[AndrewS]

The traditional way most large eCONomies solve the debt problem is to Grow themselves out of the ditch, thats mathematically impossible now that global energy supplies are peaking... even a mere slowdown will mean sure collapse of pyramid scheme. Europes lost decade? EU is never coming back. In the shrinking zerosum pie the only way China can keep growing is if America is forced to lower their unfair living standards... the days of 5% population consuming 50% resources must come to end

Again, you have to stop with the exaggerations and also energy doom and gloom.

Global energy supplies are NOT peaking.

 

[Gatekeeper]

Seesh, sounds like Yoda.

View attachment 69408

I fear Yoda's wisdom has come to past for many Americans, especially the red cap with 4 letters wearing variety.

 

[quantumlight]

Again, you have to stop with the exaggerations and also energy doom and gloom.

Global energy supplies are NOT peaking.

I thought you lost the arguement in the other thread, couldnt rebutt my facts, and said you were "done"?

Sorry if my facts caused you stress of cognitive dissonance but no need for personal or strawman attacks, guess your rhetoric aint done after all

Real life thread

That was proposed a while back but was rejected because it is considered a type of discrimination in Canada. We don't have a apprenticeship system in Canada, and you can not discriminate based on age. Ideology over pragmatism?

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