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Very Hot Topic (More than 25 Replies) The Trump Economy (Read 6149 times)
Don_G
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Re: The Trump Economy
Reply #270 - Oct 11th, 2017 at 1:24pm
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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!
  
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SkyChief
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Re: The Trump Economy
Reply #271 - Oct 11th, 2017 at 2:12pm
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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!)
  
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Don_G
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Re: The Trump Economy
Reply #272 - Oct 11th, 2017 at 7:04pm
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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.
  
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Jeff
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Re: The Trump Economy
Reply #273 - Oct 12th, 2017 at 4:18pm
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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.
  
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Jeff
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Re: The Trump Economy
Reply #274 - Oct 12th, 2017 at 4:31pm
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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?
  
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Jeff
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Re: The Trump Economy
Reply #275 - Oct 12th, 2017 at 5:16pm
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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?
  
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