American Economics Thread

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gelgoog

Lieutenant General
Registered Member
Not just those Empires. The Roman Empire also collapsed due to financial issues. It had a trade inbalance with the East i.e. China. You can see it by looking at the size of the minted coins across the ages. They kept debasing their currency. Rich people evaded taxes and the rich kept moving into ever larger walled mansions. Eventually they couldn't afford their army and they started using foreign volunteers i.e. mercenaries. Any of this sounds familiar?

Maybe the US lost the Heavenly Mandate after Russia built all the churches that Stalin destroyed and them some. Here is an awesome one.

The stairs are made of steel from melted down Nazi tanks from WW2 and it has Hitler's hat and dress as relics inside. Cathedral of Russian Armed Forces. ;)
 
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BlackWindMnt

Captain
Registered Member
gelgoog said:
Not just those Empires. The Roman Empire also collapsed due to financial issues. It had a trade inbalance with the East i.e. China. You can see it by looking at the size of the minted coins across the ages. They kept debasing their currency. Rich people evaded taxes and the rich kept moving into ever larger walled mansions. Eventually they couldn't afford their army and they started using foreign volunteers i.e. mercenaries. Any of this sounds familiar?

Maybe the US lost the Heavenly Mandate after Russia built all the churches that Stalin destroyed and them some. Here is an awesome one.

The stairs are made of steel from melted down Nazi tanks from WW2 and it has Hitler's hat and dress as relics inside. Cathedral of Russian Armed Forces. ;)
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Dam strong warhammer 40k vibe...
 
C

Chilled_k6

Junior Member
Registered Member
reservior dogs said:
Raymond Dalio chronicled three empires before the U.S. that went down the same way, the Spanish, the Dutch and the British. Their population spends beyond their means and the country prints/devaluates its currency. Eventually, with a upstart that challenges them, they sank under their own weight. History is full of countries that once rule their part of the world and eventually faded. In most of these cases, the cause of the decline is mostly internal. Something about the human condition such that when we get on top of the world, with no other powers to fight, we decay. The world has seen this movie before, many times. It has nothing to do with God.
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The bolded is usually what kicks the door and brings the rotting house down

Spain had their Grand Armada lopsidedly wrecked by the English, became bankrupt and moved to 2nd or 3rd rate power ever since. The Dutch also lost to the Brits in a war and were not the same since. According to Ray Dalio's book, the Dutch themselves got rich partly because of the 30 years war that wrecked the Holy Roman Empire (Germany at the time) and Austria. The Brits didn't lose to the US in the 20th Century but they fought 2 world wars in a generation, and basically became an American vassal since. Now who'll the Americans lose to?
 
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reservior dogs

Junior Member
Registered Member
Chilled_k6 said:
The bolded is usually what kicks the door and brings the rotting house down

Spain had their Grand Armada lopsidedly wrecked by the English, became bankrupt and moved to 2nd or 3rd rate power ever since. The Dutch also lost to the Brits in a war and were not the same since. According to Ray Dalio's book, the Dutch themselves got rich partly because of the 30 years war that wrecked the Holy Roman Empire (Germany at the time) and Austria. The Brits didn't lose to the US in the 20th Century but they fought 2 world wars in a generation, and basically became an American vassal since. Now who'll the Americans lose to?
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There is only one country on earth that can kick in the door, that would be China.
 
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gelgoog

Lieutenant General
Registered Member
The whole post smells like BS anyway. "Highest salaries" in middle of nowhere state with highest inflation ever.
I wonder if they ever inflation adjust those figures. Or if SleepyJoe personally adjusted the numbers so he wins the mid terms.
And yes, if you cannot afford necessities, you have to work more, and maybe so will your wife. And your kids.
 
GZDRefugee

GZDRefugee

Junior Member
Registered Member
FairAndUnbiased said:
More to add on this: employers say they want STEM but they actually don't. They want STEM . Software and IT #1, engineering #2, everything else is mediocre and biological sciences - the most popular STEM field - is worse than psychology or business. You are 100x better off majoring in some shit like literature and clawing your way up a basic office 'analyst' job than doing biology.

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another example of how employers want STEM: for someone that works in semiconductor, I actually don't talk to EEs very often. People I meet most commonly have degrees in chemistry, chemical engineering, materials science, physics, etc. why is that? well, one is that this is more materials based field for equipment/precursor and the like, but also because EEs have a choice to work an office software job that makes 50% more money and doesn't require physical work.
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You need to be able to lift 50 lbs with unassisted to work at Hitachi as an etch engineer and this isn't exactly uncommon.

STEM not STEM. Or, a better abbreviation: Software, Technology, Engineering, Management.
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Oof, mathematics just got dropped altogether.

While an interesting subject, it really doesn't offer much in terms of varied employment opportunities. I double majored in computer science and math to make myself more competitive and it seems to be working out well compared to my pure maths colleagues. Then again, this is in KKKanada. Always short on R&D personnel, but the pay is still shit.
 
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quim

Junior Member
Registered Member
Chilled_k6 said:
The bolded is usually what kicks the door and brings the rotting house down

Spain had their Grand Armada lopsidedly wrecked by the English, became bankrupt and moved to 2nd or 3rd rate power ever since. The Dutch also lost to the Brits in a war and were not the same since. According to Ray Dalio's book, the Dutch themselves got rich partly because of the 30 years war that wrecked the Holy Roman Empire (Germany at the time) and Austria. The Brits didn't lose to the US in the 20th Century but they fought 2 world wars in a generation, and basically became an American vassal since. Now who'll the Americans lose to?
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Spain was not defeated by the British. Indeed it was the French in the war of succession that ruined Spain and Austria.

Result of the War of Spanish succession was also the treaty of Utrecht, where France basically created the British empire.

The fear of the French was that the union of the Spanish and Austrians of the Holy Empire would recreate a new Roman Empire like with Charles the 5th in the 16th century. But then the French dug their own grave giving the entire atlantic to the English and Dutch.

The French ruined continental Europe several times, it's funny.
 
Fedupwithlies

Fedupwithlies

Junior Member
Registered Member
GZDRefugee said:
Oof, mathematics just got dropped altogether.

While an interesting subject, it really doesn't offer much in terms of varied employment opportunities. I double majored in computer science and math to make myself more competitive and it seems to be working out well compared to my pure maths colleagues. Then again, this is in KKKanada. Always short on R&D personnel, but the pay is still shit.
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Yep. Canada's lack of R&D and engineering in general is 100% a self-inflicted wound. Its like a conveyor belt of engineers and scientists heading to the US.
 
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