Best time to dump was yesterday, second best time is today....
American Economics Thread
- Thread starter Bernard
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Best time to dump was yesterday, second best time is today....
I’m seeing this whole “the rich are getting richer” theme a lot, and while it is true, it misses the point. Wealth inequality is merely one of the symptoms of the much bigger underlining problem, it is not the cause of it! Spreading the wealth more evenly will not fix the issues at hand! When the human body starts running low on fuel it eats away at the fat first, then it cannibalizes the muscles and then non-vital organs sparing the brain and heart. As a society falls apart its a natural inevitable consequence that the poor will get marginalized even more and protecting the structure is more important than ensuring equality.
It is all about recapturing efficiencies by any other means, and using income inequality for the purposes of doing top-down constraining of consumption rates. Super duper rich people need less than <1% of their income for survival and the rest of 99%+ is total discretionary income in which they do not spend and is saved up “invested” somewhere… this means its not actualized as actual goods and resources and its a hidden means of constraining resource spending by funneling it into the pockets of the super-rich. When the majority of paper money and fake wealth is allocated as digit bits on a servers in the hands of the top 0.01%, it actually is a “lock” or cap/quota on resource extraction/ capture/ expenditure, and actually slows down resource depletion! If instead the paper wealth was redistributed to the poor more evenly, then you will see much more of it being actualized and spent since the majority of the poor have very little to no discretionary spending power and all of it goes towards survival and basic needs…
Any system that is falling apart will always have more and more income inequality because that is the only way it can even keep holding it together anymore… it is the process of cannibalization at work!
It is also a way for the US elite to consolidate power and restructure the future of America in which the so-called Nonnegotiable American Way of Life (high living standards propped up by the rest of the world via Petrodollar hegemony) will have to be re-negotiated one way or another and this event serves as merely one way to subconsciously desensitize the American people to a “new normal”, (while putting the blame on China) one in which America and Americans will have to share the ever shrinking pie with the rest of the multilateral world order and in which the US government will have to manage its own decline whilst also managing – the ever lowering/lowered – expectations of its own people back in the homeland.
When the US government starts treating its own people like the way it treats the populations of its vassals, puppet regimes, occupied territories and other colonies etc then that is when you know the cannibalization has already started and the decline has entered its final stages. When the going was good they threw some bones to the middle class, but now that America is in full decline it cannot even afford to treat its own people right and have to start cannibalizing and consolidating from within just to survive.
That's an enlightening take on this.
Yeah you're right, but any move is monitor by US government and the market. So if China start first dumping the dollar. It will be noticed and China's will still loose. So I don't know what the answer is, and truth to be told, neither does China. It is a balancing act at the moment.
China should stop buying for now and purchase other assets for now.
Unlimited printing and poor management of COVID of the US.
+
Rapid rise of China's military
=
Shift of balance towards China.
Rest of the world will be totally reluctant to help the US, even if China does a first strike on Taiwan.
Biden and democrats will burden the US with more debt I suspect.
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Biden will raise taxes that will destabilize the stock market?
Raise taxes, social program spending, regulations, and others.
If Democrats win all of Congress and the Presidency, they can do the $15 minimum wage.
the current market cap looks like a giant bubble already.