Libertarian's Forum
Libertarian Forum to discuss politics and free market economics.
Libertarian's ForumLibertarian's ForumFreedom Forum › The Trump Economy
Page Index Toggle Pages: 1 ... 26 27 [28] 29 30  Send TopicPrint
Very Hot Topic (More than 25 Replies) The Trump Economy (Read 7704 times)
Don_G
Libertarian Freedom Member
*****
Offline

Libertarian's Forum

Posts: 5869
Location: British Columbia
Joined: May 8th, 2017
Re: The Trump Economy
Reply #270 - Oct 11th, 2017 at 1:24pm
Print Post  
SkyChief wrote on Oct 11th, 2017 at 1:15pm:
The US will be forced to revert back to sound money. Banks will need to store something in their vaults to back the money they loan. 

And no more "quantitative easing".  The scope and responsibility of the Federal Reserve will change drastically.


And everything will be just fine! Just ignore all the benefits the US loses by having control over the world's monetary systems.

And oh boy, what a time to choose to promote it Chief, just when the Brics start to seriously threaten!
  
Back to top
 
IP Logged
 
SkyChief
Libertarian Freedom Member
*****
Offline

Libertarian's Forum

Posts: 4735
Joined: Aug 18th, 2014
Re: The Trump Economy
Reply #271 - Oct 11th, 2017 at 2:12pm
Print Post  
Don_G wrote on Oct 11th, 2017 at 1:24pm:
And everything will be just fine! Just ignore all the benefits the US loses by having control over the world's monetary systems.

And oh boy, what a time to choose to promote it Chief, just when the Brics start to seriously threaten!

BRICS is no threat to the US hedgemony as long as they continue to trade in fiat monies. Once they begin trading in real money, a new world reserve currency will emerge.  My guess would be the Yuan.  China has been stockpiling gold for a few years, now. 

I predict a big move by China by 2020.  (IF Little Rocket Man doesn't start a WW III!)
  
Back to top
 
IP Logged
 
Don_G
Libertarian Freedom Member
*****
Offline

Libertarian's Forum

Posts: 5869
Location: British Columbia
Joined: May 8th, 2017
Re: The Trump Economy
Reply #272 - Oct 11th, 2017 at 7:04pm
Print Post  
SkyChief wrote on Oct 11th, 2017 at 2:12pm:
BRICS is no threat to the US hedgemony as long as they continue to trade in fiat monies. Once they begin trading in real money, a new world reserve currency will emerge.  My guess would be the Yuan.  China has been stockpiling gold for a few years, now. 

I predict a big move by China by 2020.  (IF Little Rocket Man doesn't start a WW III!)


Rocket man won't start WW3 but there's always the chance that it will be made to appear that they did. Who knows what Trump will do when he's wounded and cornered. As in psychologically wounded. Regardless of all the hype and playing to the media who then play to the people of all countries involved, the danger still exists.

Why do you pick 2020? Two years from now? You could be right. If it's going to happen then it has to happen soon from the US point of view, so the situation could be forced.

And from China's/Russia's point of view, longer is better. Anyway, I would like to hear your reasoning.
  
Back to top
 
IP Logged
 
Jeff
Libertarian Freedom Member
*****
Offline

Libertarian's Forum

Posts: 23218
Location: USA
Joined: Feb 26th, 2014
Re: The Trump Economy
Reply #273 - Oct 12th, 2017 at 4:18pm
Print Post  
Don_G wrote on Oct 11th, 2017 at 7:04pm:
Rocket man won't start WW3 but there's always the chance that it will be made to appear that they did. Who knows what Trump will do...
You think he will do a false flag nuclear attack that wipes out Sacramento?

Edit: You're crazy as a shithouse rat.
  
Back to top
 
IP Logged
 
Jeff
Libertarian Freedom Member
*****
Offline

Libertarian's Forum

Posts: 23218
Location: USA
Joined: Feb 26th, 2014
Re: The Trump Economy
Reply #274 - Oct 12th, 2017 at 4:31pm
Print Post  
SkyChief wrote on Oct 11th, 2017 at 1:15pm:
The US will be forced to revert back to sound money. Banks will need to store something in their vaults to back the money they loan. 


That's certainly reasonable, but is it what is likely to happen?
A lot of changes will have to be made before anything approaching that could ever occur in 21st Century America.

Edit: OK, SunTrust could start issuing banknotes backed by all the real property they own.

Clever people will try to figure out if SunTrust banknotes are actually worth anything, and an open internet will allow you to find out before you accept one.

Why is that a bad idea?
  
Back to top
 
IP Logged
 
Jeff
Libertarian Freedom Member
*****
Offline

Libertarian's Forum

Posts: 23218
Location: USA
Joined: Feb 26th, 2014
Re: The Trump Economy
Reply #275 - Oct 12th, 2017 at 5:16pm
Print Post  
Jeff wrote on Oct 12th, 2017 at 4:31pm:
That's certainly reasonable, but is it what is likely to happen?
A lot of changes will have to be made before anything approaching that could ever occur in 21st Century America.

Edit: OK, SunTrust could start issuing banknotes backed by all the real property they own.

Clever people will try to figure out if SunTrust banknotes are actually worth anything, and an open internet will allow you to find out before you accept one.

Why is that a bad idea?
What do you think Chief?
  
Back to top
 
IP Logged
 
Jeff
Libertarian Freedom Member
*****
Offline

Libertarian's Forum

Posts: 23218
Location: USA
Joined: Feb 26th, 2014
Re: The Trump Economy
Reply #276 - Oct 21st, 2017 at 8:55am
Print Post  
The end is near! Our Colleges are turning out indoctrinated ideologues!

https://www.campusreform.org/?ID=9997

They judge the value of everything according to who said the thing, not what was said.
  
Back to top
 
IP Logged
 
SkyChief
Libertarian Freedom Member
*****
Offline

Libertarian's Forum

Posts: 4735
Joined: Aug 18th, 2014
Re: The Trump Economy
Reply #277 - Oct 21st, 2017 at 11:47am
Print Post  
Jeff wrote on Oct 12th, 2017 at 4:31pm:
That's certainly reasonable, but is it what is likely to happen?
A lot of changes will have to be made before anything approaching that could ever occur in 21st Century America.

Edit: OK, SunTrust could start issuing banknotes backed by all the real property they own.

Clever people will try to figure out if SunTrust banknotes are actually worth anything, and an open internet will allow you to find out before you accept one.

Why is that a bad idea?

Its not a bad idea.  Banknotes have been used in lieu of currency for centuries.



The thing to remember is that no banknote should be issued unless there is a reserve commodity of something to back it.  Thats where Nixon opened up the fiat money can-of-worms [1971].  The intention was to allow the Federeal Reserve to offer Loans to the US government to pay for the Viet Nam War.  It was supposed to be temporary.  Stop laughing.

The problem was, There is nothing "FEDERAL" about the Federal Reserve bank. The Fed is a private bank with private interests.  And Resreves?  Bah..   There may have been at one time, but the reserves today are only a tiny fraction of the USDs in circulation and on electronic ledgers. I'm guessing <10%.
  
Back to top
 
IP Logged
 
Don_G
Libertarian Freedom Member
*****
Offline

Libertarian's Forum

Posts: 5869
Location: British Columbia
Joined: May 8th, 2017
Re: The Trump Economy
Reply #278 - Oct 21st, 2017 at 12:37pm
Print Post  
Jeff wrote on Oct 21st, 2017 at 8:55am:
The end is near! Our Colleges are turning out indoctrinated ideologues!

https://www.campusreform.org/?ID=9997

They judge the value of everything according to who said the thing, not what was said.


No, not true.

Quote:
President Donald Trump’s proposal for comprehensive tax reform was almost immediately dismissed as heartless and impractical by his political opponents.
When the same ideas are packaged under Bernie Sanders' name, however, liberal college students excitedly endorsed them.


There's a difference in the way Trump wants to further enrich the 1% and how Bernie wanted to redistribute the wealth.

If you try to say there isn't then you would be supporting Bernie. You've trapped yourself by your dogmatic ignorance.

And besides, what decent person could trust Trump to do anything good for them? He's the racist pig who insisted Obama wasn't an American.

Can you blame anybody who doesn't trust Trump? If so then you're becoming a Trump supporter yourself.
  
Back to top
 
IP Logged
 
Jeff
Libertarian Freedom Member
*****
Offline

Libertarian's Forum

Posts: 23218
Location: USA
Joined: Feb 26th, 2014
Re: The Trump Economy
Reply #279 - Oct 21st, 2017 at 5:54pm
Print Post  
SkyChief wrote on Oct 21st, 2017 at 11:47am:
Its not a bad idea.  Banknotes have been used in lieu of currency for centuries.

https://upload.wikimedia.org/wikipedia/commons/thumb/2/24/US-NBN-KS-Emporia-1915...

The thing to remember is that no banknote should be issued unless there is a reserve commodity of something to back it.
Exactly! And an open internet makes it easy to find out how good their promises might be...
  
Back to top
 
IP Logged
 
Page Index Toggle Pages: 1 ... 26 27 [28] 29 30 
Send TopicPrint
 
Libertarian's ForumLibertarian's ForumFreedom Forum › The Trump Economy
Libertarian's Forum

Libertarian's Forum Information Rules, Agreement and Privacy Policy