Author Topic: Are China & Russia quietly trying to form a coup against the U.S. dollar?  (Read 5797 times)

Marvin Martian

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Re: Are China & Russia quietly trying to form coup against the U.S. dollar?
« Reply #25 on: September 25, 2020, 09:35:12 AM »
My point, is that you print it while you got it. Who cares what inflation is, when you can print however much you want? They can always make new denominations. Why do you think criminals have tried to print currency? It's still has value, and if it's coming out by the sheetload.......Still gains to be made.

You have absolutely zero economic / financial education do you?


Marvin Martian

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Re: Are China & Russia quietly trying to form a coup against the U.S. dollar?
« Reply #26 on: September 25, 2020, 09:40:14 AM »
I'm leaning more towards us running into another great depression.

"1"

You’re definitely justified in your concerns. Unfortunately - the VAST majority of Americans have very little understanding of economics. Americans have a very naive mentality that - “we’ll be ok - the federal government would never allow us to suffer like that again” 

Mr Anabolic

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Re: Are China & Russia quietly trying to form a coup against the U.S. dollar?
« Reply #27 on: September 25, 2020, 09:51:15 AM »
Diamonds and Gold.....Humans made it up to make fortunes and laugh at the masses. You create currency to control the economy.

Diamonds, yes.  DaBeers.

Banks/bankers do not hoard diamonds, they hoard gold and silver.

Gold is the ultimate store of value and wealth.  Made in supernova explosions.  It cannot be destroyed.  Dig it out of the ground after 1000's of years, no tarnish or rust.  The most perfect form of money there ever was. 

Fiat currency (created from nothing) is what controls the economy... over time it destroys it.  Fiat currencies eventually fail and go to zero.  The USD will suffer the same fate.

Marty Champions

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Re: Are China & Russia quietly trying to form a coup against the U.S. dollar?
« Reply #28 on: September 25, 2020, 10:09:24 AM »
Diamonds, yes.  DaBeers.

Banks/bankers do not hoard diamonds, they hoard gold and silver.

Gold is the ultimate store of value and wealth.  Made in supernova explosions.  It cannot be destroyed.  Dig it out of the ground after 1000's of years, no tarnish or rust.  The most perfect form of money there ever was. 

Fiat currency (created from nothing) is what controls the economy... over time it destroys it.  Fiat currencies eventually fail and go to zero.  The USD will suffer the same fate.
fiat currency allowed for industry without it we would be farming
A

Marty Champions

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Re: Are China & Russia quietly trying to form a coup against the U.S. dollar?
« Reply #29 on: September 25, 2020, 10:13:04 AM »
Housing is "one" of the best hedges against inflation. It allows for the value of your property to rise during inflation, rents to be increased in order to adjust for inflation and facilitates mortgage payoff in lesser time due to increased money on hand. (That's a free lesson to the newbies that know nothing about hedging against inflation).

But the conversation changes a bit when a market collapse occurs like in the great depression. Sometimes, having property can backfire if your tenants move out because they can't pay rent and then you are left with a rapidly depreciating liability on your hands. (That's a more advanced lesson I won't teach for free).

"1"
You sell if you cant rent. Or remodel. Any property even in in bad areas will fetch atleast 80k... Excluding detroit
A

loco

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Re: Are China & Russia quietly trying to form a coup against the U.S. dollar?
« Reply #30 on: September 25, 2020, 10:14:02 AM »
While it's still worth something you can use the devaluing USD to buy gold, silver, ammo, food, water, supplies, etc. 

You better be getting prepared while there is still time.  After November... look out.

Oh yes, I heard that back on the eve of Y2K.   :D

Hypertrophy

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Re: Are China & Russia quietly trying to form a coup against the U.S. dollar?
« Reply #31 on: September 25, 2020, 10:14:40 AM »
The USA is the breadbasket of the world. Try growing enough food for your people in China. Can't do it - their agricultural is shit. As for Russia - extremely short growing season.

The dollar/yuan/ruble currencies won't matter if there isn't any bread on the table. USA for the win.

hardgainerj

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Re: Are China & Russia quietly trying to form coup against the U.S. dollar?
« Reply #32 on: September 25, 2020, 10:36:12 AM »
But I am starting to become less inclined in believing that. China could simply become the Walmart to the rest of the civilized & uncivilized world.

They could simply be playing their cards right to bring about another great depression to the US economy, all the while hedging against the terrible effects of inflation by holding on to 2 of the most powerful assets in the US that might be left (raw land/real estate & US debt). Once the US slowly turns the corner (say in 5-10 yrs after that kind of disaster), they then own a much larger market share of America. China already owns anywhere between 10-15% of US land/real estate. They could double down during a great depression and work their way towards 50%.

Look into some of these "snake-in-the-grass" Chinese banks that are operating in places like California & Seattle under the guise of giving new homeowners low interest rate loans with really sketchy underwriting that often times leads these homeowners (or better said - debt owners) to lose their homes as its part of the overall collateral to the mortgage.

The older I get, the less I trust the Chinese (and by Chinese, I mean their communist central bank). The average Chinese person is just fine and has very little influence in these matters.

"1"
China has become just as you described thanks to the tpp and trumps trade war

OneMoreRep

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Re: Are China & Russia quietly trying to form a coup against the U.S. dollar?
« Reply #33 on: September 25, 2020, 10:47:44 AM »
You’re definitely justified in your concerns. Unfortunately - the VAST majority of Americans have very little understanding of economics. Americans have a very naive mentality that - “we’ll be ok - the federal government would never allow us to suffer like that again”

That there is the problem.

Maybe it's because at the core I am a libertarian and believe firmly that our government has become way too involved in our economy and know that these politicians serving as career-bureaucrats are merely on the payroll to further advance their own private agendas (involving keeping their family names in the annals of US politics).

I also despise how many Americans think that our Federal Government is somehow synonymous with the US economy, solely because the IRS was created as a vehicle to fund the expenses of our government.

This society is made up of highly obedient, yet mindless lemmings. If you're rich or poor, you don't ever worry about the IRS-Taxes-Government (because you keep them in your back-pocket and they instead pay you). If you're middle class, you get fucked up the ass by the IRS & the government and they don't even bother to spit around your anus.

"1"

pellius

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Re: Are China & Russia quietly trying to form coup against the U.S. dollar?
« Reply #34 on: September 25, 2020, 11:07:33 AM »
You have absolutely zero economic / financial education do you?

It's really sad how ignorant he is and what's even more sad is how he content he is being such a loser. By his thinking why don't we just print a 1,000 trillion dollars and make everybody a millionaire? In fact, why don't we keep printing enough paper and make everyone in the world a millionaire? Or even billionaires?

It's really how much paper money we can produce that determines the wealth of a nation and not the goods and services a society produces.  ::)

It reminds me when my nephew was a little kid, he once asked me, why don't we just make all houses cost only a dollar? That way everyone will get to have a house.

Mr Anabolic

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Re: Are China & Russia quietly trying to form a coup against the U.S. dollar?
« Reply #35 on: September 25, 2020, 11:32:09 AM »
Oh yes, I heard that back on the eve of Y2K.   :D

I remember you... you're all in favor of fake money, fake markets, fake economies, fake politicians, etc. 

loco

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Re: Are China & Russia quietly trying to form a coup against the U.S. dollar?
« Reply #36 on: September 25, 2020, 11:40:27 AM »
I remember you... you're all in favor of fake money, fake markets, fake economies, fake politicians, etc.

That's really all there is, according to you anyway.

Mr Anabolic

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Re: Are China & Russia quietly trying to form a coup against the U.S. dollar?
« Reply #37 on: September 25, 2020, 11:41:50 AM »
That's really all there is, according to you anyway.

Correct.  And you're a cheerleader for it all.

Why do you hate gold so much?  It really seems to offend you.

Griffith

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Re: Are China & Russia quietly trying to form a coup against the U.S. dollar?
« Reply #38 on: September 25, 2020, 12:02:21 PM »
fiat currency allowed for industry without it we would be farming

The gold standard lasted till 1973 in the US.

The gold standard allowed for currency stability instead of large fluctuations in value due to speculative trading of the currency.

loco

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Re: Are China & Russia quietly trying to form a coup against the U.S. dollar?
« Reply #39 on: September 25, 2020, 12:04:07 PM »
Correct.  And you're a cheerleader for it all.

Why do you hate gold so much?  It really seems to offend you.

Why do I hate gold?  Now you are confusing me with somebody else.

So you believe that investing in index funds, real estate, and businesses, the same investments that have created thousands of self made millionaires for decades, are fake forms of investing? 

King Shizzo

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Re: Are China & Russia quietly trying to form coup against the U.S. dollar?
« Reply #40 on: September 25, 2020, 12:20:00 PM »
It's really sad how ignorant he is and what's even more sad is how he content he is being such a loser. By his thinking why don't we just print a 1,000 trillion dollars and make everybody a millionaire? In fact, why don't we keep printing enough paper and make everyone in the world a millionaire? Or even billionaires?

It's really how much paper money we can produce that determines the wealth of a nation and not the goods and services a society produces.  ::)

It reminds me when my nephew was a little kid, he once asked me, why don't we just make all houses cost only a dollar? That way everyone will get to have a house.
100 bucks is a hundred bucks.

King Shizzo

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Re: Are China & Russia quietly trying to form a coup against the U.S. dollar?
« Reply #41 on: September 25, 2020, 12:24:38 PM »
How can you afford to make a Corona virus bailout, when the U.S. is supposedly trillions in debt?

Print the checks......We own the paper.

King Shizzo

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Re: Are China & Russia quietly trying to form a coup against the U.S. dollar?
« Reply #42 on: September 25, 2020, 12:36:52 PM »
Diamonds, yes.  DaBeers.

Banks/bankers do not hoard diamonds, they hoard gold and silver.

Gold is the ultimate store of value and wealth.  Made in supernova explosions.  It cannot be destroyed.  Dig it out of the ground after 1000's of years, no tarnish or rust.  The most perfect form of money there ever was. 

Fiat currency (created from nothing) is what controls the economy... over time it destroys it.  Fiat currencies eventually fail and go to zero.  The USD will suffer the same fate.
Say who? The powers that be? I guess I better get ready for a no-knock raid on my place. Who decided Gold was priceless? People living hundreds and thousands of years ago. Currency, Gold, Silver it's all the same thing. Trade a shiny bauble and get pastrami sandwich in return.

It's all bullshit. I've accepted it.

SOMEPARTS

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Re: Are China & Russia quietly trying to form coup against the U.S. dollar?
« Reply #43 on: September 25, 2020, 12:44:20 PM »


It reminds me when my nephew was a little kid, he once asked me, why don't we just make all houses cost only a dollar? That way everyone will get to have a house.



Don't tell AOC this!

King Shizzo

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Re: Are China & Russia quietly trying to form coup against the U.S. dollar?
« Reply #44 on: September 25, 2020, 12:46:57 PM »


Don't tell AOC this!
Hi Onemorerep! Take vitamin cock!

SOMEPARTS

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Re: Are China & Russia quietly trying to form a coup against the U.S. dollar?
« Reply #45 on: September 25, 2020, 12:53:20 PM »
Diamonds and Gold.....Humans made it up to make fortunes and laugh at the masses. You create currency to control the economy.


Did the site auto correct what group's name you put there?  ;D

RK

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Re: Are China & Russia quietly trying to form a coup against the U.S. dollar?
« Reply #46 on: September 25, 2020, 12:55:06 PM »
Have you ever thought of it. For the last 100 years or so since the Private Bank called the Fed was born in 1913, every war has had American involvement. Why because they provide the funds and incite the war.

King Shizzo

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Re: Are China & Russia quietly trying to form a coup against the U.S. dollar?
« Reply #47 on: September 25, 2020, 12:55:53 PM »

Did the site auto correct what group's name you put there?  ;D
  8)

Teutonic Knight 1

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Re: Are China & Russia quietly trying to form coup against the U.S. dollar?
« Reply #48 on: September 25, 2020, 01:28:45 PM »
Not quietly but loudly and meticulously


So petro ruble "exist" you stupid arab !.

1 US Dollar = 78.22 Russian Ruble , RK you must be far the most stupid arab on this planet

RK

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Re: Are China & Russia quietly trying to form coup against the U.S. dollar?
« Reply #49 on: September 25, 2020, 01:38:23 PM »

So petro ruble "exist" you stupid arab !.

1 US Dollar = 78.22 Russian Ruble , RK you must be far the most stupid arab on this planet

 What u can buy on 1 dollar in US? Tell me! Then I will tell you what I can buy on 78 rubles in Russia