Unfortunately the USA government has put the nation into this position and now they need real help, but unfortunately, is it in any nations true interest to help the USA considering that they always end up backstabbing those that help them, like China was backstabbed in the 2008 crisis. Either the USA actually gives China something worth a damn, or that can just go right ahead and default themselves to death and send the entire nation into irreversible poverty so that the people of the usa make the real decision to either clean the slate by getting rid of their leadership permanently or simply go right ahead and simply perish. Either option is going to hurt and this time it may become permanent
American Economics Thread
- Thread starter Bernard
- Start date
"Transitory" lol
This is going the same way as "15 days to slow the curve" to now "We have run out of patience, all employees at companies more than 100 people MUST take the mandatory vax asap!"
Lies.
Life is also transitory.
The Universe is also transitory
In fact, everything is transitory
I hope people dont continue to blame the god-saviour FED's Powell when he says that inflation is transitory
If I was Xi, the real trick is not to save them or let the advisory die out, but to keep them weak and coming back for more "salvation".
So give them just enough to barely get by, but also damaging their credit and prestige, no more than 5-10%. Then, 1-2 months later, they have to come back for more. I imagine that is how Don (Vito) Corleone would do it.
Each time they come back the price goes up 30%.
Before you know it, Taiwan would be offered on a platter.
Even then I would still do a military takeover, if only for a show of force and humiliation to regional US interests.
In the end, US will lose its global primacy, but the time line will be extended from a month to 3 years, easing the transition, in my favor.
If he didn’t maintain that the inflation was transitory then the stock market would have ranked and all the QEs would’ve been for nothing.
Well they won't be spending $300 million a day on Afghanistan now, so how many billions can one borrow with that money.
$300 million per day sounds alot, but it worked out at $110 billion per year. The us problems is they requires Trillions of dollars to repay debts that's due. Most of these owed to China. Which is why US is desperate to talk to China about.
Getting China to roll over their debt by purchase more debt. It would be unheard of for U.S. to default.
This is huge. We haven't seen 5.3% on living memory. This on top of 5.4% in july. And it's going to get worse. At best, it will stabilised at 5%. But with all the QE and money printing and borrowing requirements needed to fulfil military and infrastructure spending and stimulus. I fear it's going to get worse.
Even at this rate. US will see the value of their dollar halved in 15 years. Damn where's sleepy when you want him? Lol