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Old 05-17-2018, 07:56 PM   #1
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Trick Question

Hiya Fellas;
Your Mum tells me you're a Financial Analyst.
Ok so... Analyze This:
- Uncle Sam is bankrupt.
- Interest rates have been near zero for years.
- Ford and GM are downsizing again.
How long do you figure before the United States looks like Argentina or Venesuela?

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Old 05-18-2018, 03:55 AM   #2
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Uncle Sam may not be bankrupt because he has always paid in promisary notes and theres plenty more where they came from.

When the world moves away from using the US$ then the US can start using something with recognised value for payment.

Will this be something that happens during a bank holiday weekend or will it arrive gradually ?

You just better hope there is some verifiable gold that the USGov has access to.

Mad ? Jim Willie sees an international gold backed unit of payment and a scheiss $ as an inevitable consequence of a sudden reset or a gradual shift away from foreign trade accepting US$ for payment.
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Old 05-18-2018, 07:35 AM   #3
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Originally Posted by MarcLacroix View Post:
...
How long do you figure before the United States looks like Argentina or Venesuela?
...
Never. USA would go full Civil War/Lord of the Flies before it would ever look like 2001 Argentina or 2018 Venezuela. You think the mentally unhealthy acting out with killing sprees is problematic now? We're just scratching the surface IMO. Rome has not yet begun to burn. Nero hasn't picked up the fiddle yet.
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Old 05-18-2018, 04:20 PM   #4
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Originally Posted by PMBug View Post:
Never. USA would go full Civil War/Lord of the Flies before it would ever look like 2001 Argentina or 2018 Venezuela. Nero hasn't picked up the fiddle yet.
Was wondering how high interest rates would go to prevent a dollar collapse.
Argentina is at forty percent. https://www.bloomberg.com/news/artic...-at-40-percent

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Old 05-20-2018, 06:58 AM   #5
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Hmmm

The edges fail first
The centre is shielded from the effects for as long as possible
the enforcers get paid and fed

Slowly at first then suddenly

The difference this time being the interconnectedness of everything and speed of information moverment.

How far have we got along the curve is what we debate.
Mainstream says everything is fine
ZH says its all about to fall over

While I lean towards the ZH view, I am aware that I have leaned this way since the twin towers fell and mainstream has been broadly correct ...........
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Old 06-07-2018, 08:10 PM   #6
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Sorry N00b;
I don't share your optimism.
The Titanic was deemed unsinkable... For a while anyway.

Marc
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Old 06-08-2018, 04:04 AM   #7
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Can we separate 'the economy' from the $dollar ?

I reckon the economy will always be there as its based on human endeavour.
The means of exchange can be decided by the person with the biggest stick and most will probably fall into line because they want /need the results of 'the economy'.

Argentina and Venezuela would seem to be failed states attempting to function in a $USD environment.
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Old 06-12-2018, 10:13 AM   #8
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Originally Posted by Zlattata View Post:
I agree that the economy will always be there based on human endeavor. It is too big to fail now!
NOTHING is to big to fail. In fact, the bigger it is, THE HARDER THE FALL.
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Old 06-13-2018, 03:59 AM   #9
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Originally Posted by mmerlinn View Post:
NOTHING is to big to fail. In fact, the bigger it is, THE HARDER THE FALL.
As long as there are humans living, there will be exchange.

Do you predict the failure of humanity mmerlinn ?
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Old 06-13-2018, 07:23 PM   #10
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Originally Posted by rblong2us View Post:
Can we separate 'the economy' from the $dollar ?
Absolutely!!!

If by some really nasty fall the dollar does go to Zero then we'll resort to a barter economy trading 'Goats and Pebbles'.

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Old 06-14-2018, 06:52 AM   #11
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Originally Posted by rblong2us View Post:
Can we separate 'the economy' from the $dollar ?
...
While they are separate things, they are dependent upon each other. If one crashes, the other will too. I'll even grant you that "the economy" could mean either the USA domestic economy or the global economy as a whole.
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Old 06-18-2018, 07:24 PM   #12
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Seems that TarriffTalk rattled some cages.
I had sold half of my PSLV shares on Thursday at $6.23/sh.
Then the metals got whacked on Friday and I bought the shares back at $6.04.
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