American Economics Thread

Tyler

Captain
Registered Member
This isnt economic growth, its a recovery from previous lockdowns. Questionable how long it would last.

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New signs of "impending doom".
China needs to ramp up its vaccination speed, with more effective mRNA vaccines. Chinese immune rate is now lower than those of the US and the UK.
 

gelgoog

Lieutenant General
Registered Member
I would not be surprised if the Texas blackouts which stopped Samsung's US fab and the water shortages in Taiwan which stopped TSMC's fabs in Taiwan further constrain supplies of chips for the next 6 months. If you don't manage to do an orderly shutdown of a fab a restart can take a long time and it's expensive like hell. You have to basically send all the in flight production to the trash and sometimes even tools get damaged. It takes months to get a chip through the production cycle.
 

emblem21

Major
Registered Member
I would not be surprised if the Texas blackouts which stopped Samsung's US fab and the water shortages in Taiwan which stopped TSMC's fabs in Taiwan further constrain supplies of chips for the next 6 months. If you don't manage to do an orderly shutdown of a fab a restart can take a long time and it's expensive like hell. You have to basically send all the in flight production to the trash and sometimes even tools get damaged. It takes months to get a chip through the production cycle.
Yeah seems like any attempts to decouple from China along with restarting there chip development is doomed to go straight to hell in short order. They need real planners, not idiots in the White House going ‘yes we can’ and expecting miracles
 

ansy1968

Brigadier
Registered Member
I would not be surprised if the Texas blackouts which stopped Samsung's US fab and the water shortages in Taiwan which stopped TSMC's fabs in Taiwan further constrain supplies of chips for the next 6 months. If you don't manage to do an orderly shutdown of a fab a restart can take a long time and it's expensive like hell. You have to basically send all the in flight production to the trash and sometimes even tools get damaged. It takes months to get a chip through the production cycle.
@gelgoog I'm not a religious person but fate seem to favor China, whatever policy changes enacted to punished China, mother nature is the one fighting back with effective result...LOL
 

In4ser

Junior Member
Obama started that way but he ended to as the Big Tech/Bank/Corps guy.

However Biden has already started doing his moves. He did the stimulus and is now trying to do the infrastructure bill. So he is obviously trying. But we will see if he manages to pass it
It's called the honeymoon period, typically the first 100 days, where people tend to give a new president the benefit of the doubt. If he doesn't do anything big during those few months, it's likely he will have the momentum to carry on any other major policy later on, especially if the mid-term elections swing back to the Republicans. Remember the Democrats have a very slim majority in the Senate so they need to be careful.
 

hashtagpls

Senior Member
Registered Member
A poster here brought up an interesting point i'd like to discuss: is bitcoin and/or other alt coins a CIA plot to help extend the shelf life of the USD?

It'd certainly make sense: soak up the excess liquidity of excess inflation from money printing into a "safe asset" believed by most to be under no government's control, as well as allowing for black bag money to flow towards non official cover entities and state sponsored terrorist orgs.
 

horse

Colonel
Registered Member
A poster here brought up an interesting point i'd like to discuss: is bitcoin and/or other alt coins a CIA plot to help extend the shelf life of the USD?

It'd certainly make sense: soak up the excess liquidity of excess inflation from money printing into a "safe asset" believed by most to be under no government's control, as well as allowing for black bag money to flow towards non official cover entities and state sponsored terrorist orgs.
No.

In the history of money, all governments want control of their currency.

Forget much of it now, but I think even in the early days of the United States, banks issued money. There were various forms of currency in the United States. Forget now, so I could be wrong. Does not matter, because the government got control of it. There is only one USD.

Bitcoin is an anonymous distributed network. No one is control. The CIA are control freaks. They might have actually invented Bitcoin with a backdoor. That would mean they have control. But if blockchain is real, then no, the CIA did not invent Bitcoin.

That is why the CCP went ahead with their DCEP as fast as possible.

It is the first mover advantage concept, you there first and reap all the rewards. There is no more fight in that space, the Chinese government has full control over any forms of electronic RMB money. There is nothing that can dislodge the DCEP now. There will be no other legal forms or alternative forms of electronic money in China. The government is in control of their electronic currency.

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Subsequent steps would be try to get other countries to use it out of convenience, and break away from the American lead SWIFT system in the process.
 
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