>americans are so retarded they can't understand compount rate interest
>somehow this wont crash
>but trump will stop it when pol can't understand why more debt is needed so they system wont crash
>pol believes he's trully redpilled
>>79759451
As long as they allow central banks nothing will ever change.
>>79759731
you do realize there's already secret chinese and russian plans to drop the dollar?
how can bluepilled can you get.
follow the hockey stick shape and you'll get crazy rates before 2020.
>>79760010
How does that go against what I said?
Putin wen against the Rothschilds.
>>79761527
the situation can't last forever.
most countries aren't happy with dollar being the exchange currency.
USA will default and crash if you faggots lose that.
Chinese are holding gold and will plan on making the yuan being backed by gold.
Another crisis will be the catalists for the dollar and usa collapse.
>>79759451
>What is printing money
South Americans are so stupid
>>79759731
There was debt before Central banks and in fact the debt to GDP % was almost as high as WW1 during the Civil war
>>79761527
>Putin against Rothchild
>Russia in in debt.
>>79762706
>I don't understand how money is being made
>I don't know how money is created
bluepilled idiot ready for the slaughter.
>>79762911
>I think money is being made via conspiracy with central bankers loaning money to U.S Government
>Not realizing there is proof of this happening during every single President in history, ever.
>>79763159
>what is fractional reserve banking system
>but muh conspiracy
read wikipedia how debt works retard.
>>79759451
Yes Columbia, but you can also just say "ya know what guys, we aren't going to pay those debts so fuck off".
I'm just saying, what if, what if, debt is just a social construct and its really all in your mind?
>>79761879
>Gold backed money
What year is it? 1930? Wtf is Glass Steagall? Wtf is fiduciary money?
>>79763159
Why do leafs not understand how destructive inflation can be,
>>79763363
We just don't know what'll happen then bro.
chinese, russians and indians are stacking gold like crazy.
I kept listening chinese are waiting to hold a comparable amount of gold as USA to act.
>>79759451
As long as the interest rates are lower than the inflation, the debt will shrink. That only of course, if they have a balanced budget.
>>79763363
BTW you don't know paying a debt means that money not longer exist?
It will literally mean erasing your wealth and destroying your economy.
>>79763600
>Gold again
Do you know why it was dropped as a base for currency?
Gold Market fluctuations make fluctuate money as well, good job GOY.
To print money you have to buy gold and increase state deficit GOY.
>>79759451
>thinking americans control their government
>>79763715
http://www.peakprosperity.com/video/85833/playlist/92161/crash-course-chapter-7-money-creation-banks
that's not how money is created.
>>79763335
Oh my god your stupid, thats not a conspiracy thats a good system.
>>79763798
gold was dropped to pay for vietnam wars dumbass, also to avoid a default.
also the banks, aka jews.
>>79763982
>Let's borrow infinite money
>somehow someone in the future will have to pay all the debt
>but not me, I'll just borrow more money because someone in the future will pay for it
>but not me
lel
bluepilled pig ready for the slaughter.
>>79764003
Because it's an outdated piece of shit of commodity backing a currency.
That's why.
>>79764173
all the fiat currencies in history have disapeared.
there's like 3.8k failed fiat currencies.
>outdated piece of shit
>he thinks printed paper is real money
>he thinks legal monopoly money is real money
lmao
debt is such a joke, anyone who cares about our debt that much is completely economically illiterate.
a nation can easily run a deficit for its entire history without problems- what matters is debt:gdp. As long as our debt:gdp is not too high and our government appears competent enough to keep up interest payments (this is why its so stupid when republicans try to shut down the government), interests rates will remain low. When interests rates are less than inflation as they are in america, the government is basically getting free money from debt. Debt to GDP has recently stabilized, I have little concern.
>>79764679
http://www.zerohedge.com/news/2016-02-01/total-us-debt-surpasses-19-trillion-rises-84-trillion-under-president-obama
>I can't understand how big is a trillion
>debt to GDP
http://www.tradingeconomics.com/united-states/government-debt-to-gdp
104%
>usa isn't bankrupt
>>79765578
104% isn't very bad, and it makes very little sense to say that the USA is "bankrupt" when most of that money is owed to itself. Also, 104% is basically a stable number as things stand now.
>>79766765
http://www.economagic.com/em-cgi/data.exe/var/togdp-totalcreditdebt
It's actually 350% GDP.
lmao these bluepilled pigs ready for the butcher.
trump gets it.
no one in a position of power or prominence can reveal the defect in public because it would cause a rapid destruction of the world economy.
>>79766976
you understand what credit market debt is right? Because the fact you just likened it as the real figure for our government's debt shows you have little idea about what either is.
If you're clueless, just call me blue pilled again before the electricity goes out in your favela for the night.
>>79767822
you don't seem to get the current system means you need more debt to pay the interest rates.
It doesn't matter if you can sustain it now, because of compound rates.
you seem unable to understand the danger of compound rates with a fractional reserve banking system plus a fiat currency.
tell me how that won't end in a total collapse.
>but this time will be diferent than the hundreds of historicals examples.
>>79767822
ok, let's imagine that consumers start defaulting on their credit cards.
how that's not gonna make the market to implode.
or college debt.
what will happen to colleges or the debt holders if students decide or can't pay their debts.
>but the mortgages default wont happen againt
>they don't matter because they're american own debts.
>>79768143
>you don't seem to get the current system means you need more debt to pay the interest rates.
the interest we pay on debt is less than inflation. All our debt is constantly getting less valuable. The government is getting free money from debt as long as interest rates remain low (which likely be the case if we continue to have democratic presidents).
>you seem unable to understand the danger of compound rates with a fractional reserve banking system plus a fiat currency.
it sounds like you've watched a lot of scary youtube videos but don't actually know very much. Governments have and can run debts for hundreds of years, as the economic growth and inflation outweigh the growth of debt.
>>79768332
>how that's not gonna make the market to implode.
It did in 2008, thanks to a lot of irresponsible Bush and Clinton policies. However, we recovered; abundant capital is important for economic growth, and credit card debt merely owed to ourselves does not pose an existential crisis.
>>79768928
>>79769079
>muh 2% inflation that fox news show me
>the goverment will never lie to me
>>79759451
Even with Clintons surpluses our debt was growing. At this point we're going to be pushed into negative interest rates.
>mfw some clown tries to explain why low interest rates and inflation are good things
>>79769079
>>79768928
>muh 2% inflation
EL CONGOLOMBIANO
>>79759451
Trump actually said US is in a huge bubble that is about to burst
https://www.youtube.com/watch?v=D-wDp8zx2xA
And everyone knows current administration is just keeping it from crashing until the end of the election cycle.
They can't allow it to crash now or trump is 100%
>>79759451
I blame the federal reserve, which people have yet to disembowel and let rot in the street
smdh senpai
>>79769310
>>79769463
if you understood economics my point was that higher inflation is GOOD for managing debt (though high inflation has negative effects).
However, while you've posted these chats, I'd like to point out that these are both comically bogus and I have looked into them in the past. The first one literally makes an assumption "well, the feds are probably hiding like 3.5% inflation" and just adds a constant to the official numbers (look at the graph, its literally just offset by a constant factor).
The second graph does a similar brand of fear mongering, but using a linearly growing offset to the official numbers. Of course, neither of these charts actually are connected to reality in any shape of form except for the fact they just arbritrarily do an offset from the official numbers.
>>79769656
why is RT so based?
>ITT uneducated white trash farmers attempt to discuss economics
go take an intro course at your shit community college before you idiots comment on a subject that you don't understand
>>79770172
Because its not beholden to american special interests
>>79759451
>implying debt means fuck all when you're the world reserve currency and you call the shots
>>79759451
Who fucking cares about external debt? The USA is the only country on the planet that can afford to ignore its external debt, nobody has the power to force them to pay it back.
>>79769931
Yes but all if not most of modern day inflation can be traced back to the federal reserve and it's the fact that it's not even a federal entity.
If neither political party being in power stops the inflation, then there is no correlation in the parties. If there is no correlation between the rate of increasing inflation and the political parties, then...
>>79759451
Dude just raise the ceiling lmao
>>79769931
>using the same formulas as 1980 somehow is boogus
lmao, good done good goyim.
Let's not ignore the current bubel demographics and that america will soon need to pay for the baby boomers.
do you think millenials can sustain the system while paying paxes with their neet money?
>but the official goverment data says there's no crisis
>>79770390
>>79770464
>he doesn't know about the gold rush done by chinese, russians and indians these years
>he thinks if the chinese and indians stop selling them cheap goods burger system wont crash because of the comercial balance sheet
americans don't produce nothing but consume.
literally venezuela tier level of economics.
>>79759451
I assume Trump wants the crash to happen, and to control it to minimize destruction. Short term pain for longterm gain.
why is massive debt a problem when china can't get its shit together and the eu is on the brink of collapse? lol we've got this one in the bag, world, pretty soon you'll all be united states
>>79770658
>implying I don't know about countries trying to leave the USD
No, I know. And even if it happened tomorrow our debt means fuck all. It's our funny money.
>>79770658
>using the same formulas as 1980 somehow is boogus
>lmao, good done good goyim.
just use your brain and look at a source besides whoever is shilling you these charts. They literally are generated just from adding an arbitrary factor to the official number, it would be an insane coincidence for them to have been generated by some legitimate methodology.
>>79770658
>he thinks shitskins and White niggers can go for any period of time without exporting to the USA without their economies completely crumbling
They do not have as much currency in reserve as you seem to think they do, and you also don't seem to understand how incredibly important continued trade with the states is to them
>>79770925
imagine trading stuff when nobody wants the dollar.
that's the key issue.
>>79770954
the key issue is that the current methodology by the goverment is also boogus.
>>79771170
usa don't produce nothing bro.
my country will simply sell our oil and coffee to china and india.
>>79759451
>>79760010
>>79761879
>>79762911
>>79763335
>>79763600
>>79763741
>>79763892
>>79764003
>>79764148
>>79764363
>>79765578
>>79766976
>>79768143
>>79768332
>>79769310
>>79769463
>>79770172
>>79770658
>>79771806
I'm impressed by your understanding of the current state of the world, Colombia.
Is cocaine the ultimate redpill?
>>79772320
I started to read about the economy collapse in 2009 by reading about a book that spoke about the crash.
these bluepilled retards don't even have a clue what's next door.
>>79772544
I would really appreciate it if you would post a recommended reading list, sudaca bro.
Consider yourself luck in Colombia, I don't even want to think about the things to come in Western Europe when shit hits the fan. I don't want to go into detail, but I've already made preparations.
>>79762706
Only a Canadian can be this gullible
>>79773139
Oh (((Canada)))! Our home and native land!
>>79773065
http://www.peakprosperity.com/crashcourse
start with this.
It explain the situation starting from the basics.
then watch about the federal reserve and the fractional banking system.
https://www.youtube.com/watch?v=JobaR9LLcfA
Also put this on youtube:
Jim richards death of money.
how capitalism is killing itselft by richard d wolf.
Kaiser report.
A course on the history of money.
Dollar vigilante.
Alex jhones but he's crap.
https://www.youtube.com/channel/UC2JD4uOltGoWsh0x5Md0aTw
https://www.youtube.com/channel/UCxOQ_BQWMLnw6qMsNJlTflQ
Also for trully redpill shit (the deep shit, no baby tier garbage):
Project camelot
Biblioteca pleyades.
David Wilcock when he blogs about the current system.
Benjamin fulford.
Also google about:
Currency wars between chinese, japanese, rusians and americans.
Special drawings rights.
Chinese investment bank.
BRICS new IMF
that will give you a good start.
>>79773065
http://www.peakprosperity.com/video/85850/playlist/92161/crash-course-chapter-15-demographics
this chapter explains why you're being flooded by refugees.
merkel expect them to work to pay taxes so they can pay the penssions.
>>79770178
Go back to trump thread and let adults talk please
>>79774239
they're bluepilled retards.
they think the redpill shit is just a joke.
>>79759451
cut military spending in half
cut medicare/medicaid, by 30%
cut social secutity,unemplpyment by 30%
that right there puts the government in the green (surplus) but no has the balls to do this not even Trumpkins
>>79774189
>merkel expect them to work to pay taxes so they can pay the penssions.
>"refugees" flooding Germany for free shit and women
>expecting them to work and pay taxes
It doesn't take a genius to know how that's going to turn out. Really curious to see what they'll do when they find out those fucks aren't going to play ball.
>>79774676
good luck paying the baby boomers pensions.
>>79774837
current economic system (capitalism) expects more workers to pay for retirees.
less retiress == less pensions.
expect massive social upheaval.
>>79775098
Honestly there going to have to do something drastic to deal with the flood of migrants in their country when the elites realize the migrants won't play the game and that they'll just be leeching and not contribute to their pensions. Wonder if mass deportation or genocide is possible.
Would also be interesting to see how the media would spin 180 to perhaps demonize them after blatantly shilling for migrants and diversity for decades, while the masses eat it up and eventually change their rhetoric.
>>79775098
baby boomers can suck my dick
>>79773891
Thanks!
>>79775497
with the current shit, I don't see america surviving until 2020.
It will be ugly.
I've realized I won't have a penssion, so my current plan is to start saving a lot until I'm old.
>>79775523
they hold like 50% of american wealth.
millenials don't have money to suport them.
>>79759451
>Venezuelan economics
>>79759451
US controls the USD which is the global currency.
They can do whatever they want basically.
It's an ideal situation (at least internationally, there are a lot of domestic issues).
>>79775799
read the thread, I already told you to look up the currency wars and chinese, russians and indians gold rush.
>>79775667
if they hold 50% of the wealth then why would they care about having their social security check reduced
>more debt is needed
>>79776222
It's a Venezuelan bro
He already said "capitalism" like its a bad word
I hope he enjoys eating his mangos off the street
>>79776171
"If you have money why would you not want more money"
Also wealth =/= money
Stupid fuck
>>79775995
Gold is irrelevant.
Yes russia/china could do some damage to the US but that will only happen when the US is replaced by China as the world superpower.
>>79776402
stupid fuck they don't need more wealth stupid fuck
enjoy getting fucked by your grandpa stupid fuck
>>79776171
because who will sustain them (people they hire), who wil keep the roads, who will build more houses.
also most of them don't have much money, unless they're the top 1%
also like 80% of their wealth isn't real stuff but rather bank assets.
sorry if I'm confusing, I'm watching the updated version of the crash course.
>>79776337
capitalism isn't the best system bro.
It generates inequality and resources depletion, also pollution.
It's not good when the top 1% consumes half the world natural resources.
unless you want an extiction of all life in this planet.
>>79776463
ok buddy, if gold is irrelevant why there's a current shortage of gold suply and it's increasing it's value with each week it pass.
>>79776734
>ok buddy, if gold is irrelevant why there's a current shortage of gold suply and it's increasing it's value with each week it pass.
Why does it matter?
Gold is simply a commodity.
>>79777043
like I said again.
there's not a single example that a FIAT currency survives.
there's like 3.8k examples that fiat currencies always end up in hyperinflation.
why it matters?
because after every crisis people run back to gold.
gold has survived 5k years of history as the only real money.
also silver.
monopoly jew paper isn't real money.
>>79777244
Gold and or silver is not money. They are commodities that can be monetized.
>because after every crisis people run back to gold.
No.
>gold has survived 5k years of history as the only real money.
>also silver.
Varied wildly in value.
>monopoly jew paper isn't real money.
Yes it is. Money is anything with a government stamp on it, be it gold, silver, iron, paper or data.
>>79759451
https://www.youtube.com/watch?v=KIbkoop4AYE
>>79759451
It has to happen eventually. If it happens with Trump in power he'll be judged on how he deals with it
>>79777527
ok buddy, I think history knows more than the federal reserve.
Gold has been always used as storage value (money) since the babylonians.
You need to remember one of the definitions of REAL MONEY (money that has value) is scarcity.
Also gold is one of the few natural elements that can serve to make coins and bars, you can't do easily coins with hydrogen, or uranium.
Gold scarcity means a goverment can't infinitelly print it or counterfeit it.
You're a blue pilled retard who instead of listening to the investors who know what money is, listen to their college professor who are dumb as fuck.
Good luck storing your savings with dollars and letting the goverment tax you in terms of inflation.
fucking retard.
even a toddler understands monopoly paper (dollar) isn't real money.
>>79759451
http://www.tradingeconomics.com/united-states/government-debt-to-gdp
>not understanding what debt to gdp is
>not understanding that it has been even higher than it is now before
>>79778774
>let's ignore all the other factors that are warning of some collapse
>maybe if I close my eyes the collapse wont happen
funny how pol can only name call, but have no real arguments.
>>79763364
Pretty sure Glass Steagall was repealed under Bill Clinton
>>79778964
I'm not saying there won't be a collapse, but you people always predict 15 out of the next 10 recessions and then are like "I TOLD YA SO!!!"
i doubt you have even an elementary knowledge of economics let alone the ability to accurately predict business cycles.
>>79778996
yup.
all the policies that were done after the great depression were undone by 2000.
>>79779133
>you need an economic degree to tell the 40 year old debt bubble will collpase the economy since ronald reagan put away the gold standart
>you need to predict the date of the collapse otherwise you're a dumb retard
more bluepilled pigs ready to the butcher
>>79779139
Nice seeing another fellow valluno here. greetings from cali.
>>79778097
>ok buddy, I think history knows more than the federal reserve.
>Gold has been always used as storage value (money) since the babylonians.
No. Rome did not use gold as it's main currency and when it did the nominal worth of the money was more than the materials it was made out. That was the case until the collapse of the eastern roman empire.
>You need to remember one of the definitions of REAL MONEY (money that has value) is scarcity.
Yes and that scarcity can be artificially created and almost always was even with gold (temples or governments and later banks stockpiling large amounts of it and only allowing a small amount circulate).
>Gold scarcity means a goverment can't infinitelly print it or counterfeit it.
Which is actually a bad thing. A currency should be able to adapt to the needs of the country, not the other way around. And a gold currency can still be manipulated by the people that have stockpiled large amounts of gold and control its release (banks in the current year).
>You're a blue pilled retard who instead of listening to the investors who know what money is, listen to their college professor who are dumb as fuck.
Not the definition of money taught in college.
Investors have their own interests.
>even a toddler understands monopoly paper (dollar) isn't real money.
Most people have no concept of monetary theory.
Money can be whatever as long as it has a government stamp on it.
Money is worth something because it is backed by the government by different means including taxation and government contracts and of course the law.
Gold is not money, it can however be monetized because it posses qualities which are beneficial to have in a money (scarcity, divisibility, durability,etc).
As for gold has always retained its value see when the Spanish conquered south america or when the roman empire finally collapsed. Gold prices varied wildly in those situations because gold is a commodity affected by supply and demand.
>>79761879
So I assume you're putting your money where your mouth is? With exact fore-knowledge like that you should become very rich soon.
>>79759451
You do realize that interest rates on US government debt are incredibly low right now, yes? Any thoughts on what that might mean?
>>79759451
It's the debt to GDP ratio that matters. I realize for Colombia this causes a division by zero error, but for most countries that's not the case.
>>79779283
>the gold standard effectively hasn't been used since 1933
>the gold standard was completely abandoned in 1971
but keep going on about how i know nothing and you have all the answers.
And yeah you kinda do because if you don't understand what you are talking about you will see patterns where none exist.
Especially considering the fact that the debt to GDP ratio isn't exponentially increasing relative to GDP like you are claiming it will.
>>79779400
nice, greetings from jamundi.
redpilling blue pill retards is fun.
>>79779451
ok retard.
I know money is just anything people agree to use as exchange paper.
Good luck having your money be taxed through inflation.
>>79779487
I dunno, I just started to save this year, actually I need to start reading the biz list of books.
I simply watch the economic collapse youtube videos.
>>79779669
What do you think will happen when the market don't believe the FED scaring tactics that they will increase the interests rates.
the FED knows your bubble (economy) will burst if the interests are raised.
>>79779787
goverment to GDP debt = 107%
all debt to GDP = 365%
put that next to the USA trade balance sheet (usa only imports and don't produce nothing).
>>79779952
I'm just triggering pol with basic info you can get from any investor youtube chanel.
enjoy the coming collapse, blue pilled pigs.
>>79759451
>shitskin latin american doesn't understand that a fiscal authority which also has monetary authority cannot be forced into sovereign default
>shitskin chalupa maggot doesn't understand that the US doesn't borrow outside its own currency
>shitskin gordita turd doesn't understand that central bank monetary operations establish interest rates
Actually, most of you fucking retards don't have any understanding of monetary economics either. That's why /biz/ was spun out of here and made its own board, to keep the Ron Paul Brigade from squirting gold standard liquid shit all over every thread.
>>79759451
>why more debt is needed
Sounds like you are the one who never got fucking educated you jackass.
More debt is only needed because revenues are too fucking and outgoing credit is too high within the federal budget. If you fixed that then you wouldn't need more debt and could pay down what you fucking owe without fucking over the rates you know, like any proper fucking citizen would.
Since when did people and governments and companies running around with giant living debt bombs become a desirable thing to you fuck sticks?
Fuck of cuck. It could be fixed but it won't be because more debt benefits those who are the creditors, in this case global transnational financial firms and banks that are above the law and seemingly answer to nobody.
>>79780221
>print trillions of digital money to banks
>????
>somehow it will be diferent than all the other historical examples
hot arguments there retard, you convince me.
>>79780380
>he doesn't know paying a debt means that money is destroyed
>>79780150
>I know money is just anything people agree to use as exchange paper.
It is not. You don't seem to understand what makes money, money. I have explained it.
>Good luck having your money be taxed through inflation.
A low and stable inflation is mostly positive.
And with gold money the money still historically ended up in the hands of the banks/governments through usury.
Watching a few youtube videos does not make you understand monetary theory.
>>79768928
It's not free money retard keynesian, it's sucking the wealth out of US citizens by raising price levels
>>79780221
>That's why /biz/ was spun out of here and made its own board, to keep the Ron Paul Brigade from squirting gold standard liquid shit all over every thread.
Doesn't /biz/ also meme about muh gold standard? Pretty sure why I didn't bother with it when I checked it a few months ago.
>>79780150
i hold the exact same opinions as you m8, well done
good thread
srs
redpill these idiots about the fiat currency issuing private central banking system
>>79759451
Great points. Guess I'm voting for Hillary now!! The only true candidate that will BLAST the Wall Street elite, and has already gone down in history while she's at it!!!!
>>79780582
mmm.
I wonder what kind of currency people take refuge when an hyperinflation happens.
>inflation is positive
>when humans live during centuries of 0 inflation
Money has certain characteristics, and it's a also a legal tender for debt payments.
I'm telling you're a dumb retard for thinking the dollar is real money.
Kids are more smart than your PHD jew teachers at harvard.
>>79774676
2/3 of our spending is socialism and interest on debt
In that case, I'm free to take advantage of the drunken normie public and run around insisting that I'm a girl while they're afraid to drag me out into the street and punish me for not giving a fuck about their fantasy world where these things don't "normally" happen and hand them the bill.
Self-interest is the capitalist way, is it not?
>>79759451
But it has almost doubled under Obongo
>>79780987
stock real value on commodities, don't buy jew monopoly bank notes to gamble on the stock cassino.
don't trust the jews.
follow the nose, buy the same shit soros buy (gold).
>>79759451
>Colombia
>>79780877
>I wonder what kind of currency people take refuge when an hyperinflation happens.
Historically? None, the system just collapses until the problem is solved or a new system is created.
>inflation is positive
>when humans live during centuries of 0 inflation
Compare the progress achieved under commodity based currencies to progress achieved under fiat currencies or the distribution to wealth. If you are not stockpiling money inflation is in most cases a positive for you. Unless of course you live in a country where the monetary system is not functioning efficiently.
>I'm telling you're a dumb retard for thinking the dollar is real money.
Currently it is and gold is not.
>>79759451
Household debt has also risen.
>>79780150
>listening to conspiritards on youtube
Going to them for economic advise is like looking to a psych ward to develop your philosophy.
There is basically 0 evidence that hyperinflation is going to occur.
The only real threat is if the people who are buying up the debt stop doing so because of predictions of deflation and it spirals out of control.
>pro tip thats hyperdeflation not hyperinflation
>>79761879
Sure thing, people have been saying this for decades and it hasn't happened yet.
The only thing that is happening is your country is a shit hole and it makes you feel just a little bit better to fantasize about a bunch of people you don't, know learning what it's like to live in a shit hole like you do.
>>79763600
This is why Trump can help. Get manufacturing back to USA or they have nothing.
>>79781636
>The only real threat is if the people who are buying up the debt stop doing so because of predictions of deflation and it spirals out of control.
Deflation is good for lenders. It would not discourage people to buy debt, on the contrary it would encourage lending.
>>79781561
And the reason we have all this debt is because as a country we are buying more than we are selling.
>>79781522
http://www.bloomberg.com/news/articles/2016-05-16/billionaire-soros-cuts-u-s-stocks-by-37-buys-gold-producer
oh, I dunno.
I wonder who knows more about money than soros.
wonder what's he buying now.
>>79781636
>>79781777
oh, so this isn't a bubble.
right.
>>79782050
US has had plenty of bubbles and crashes in the past and kept on going.
>>79763437
I do...but fuck all I can do in this shithole country.
>>79782145
yeah, you can survive a bubble that has been building since 1985 or 1950.
right.
notice how 140% is the normal value.
>>79780877
i don't even know if thats true that humans lived for centuries when inflation was at 0(in fact im pretty sure it isn't cause i read the diary of some spanish king who was bitching about it but he didn't know what it was, he was just mad that all his gold became worthless). But thats a pretty shitty example for something we should do.
Again, if you took any kind of economics class you'd know that until the industrial revolution the wealth of the average person more or less stayed the same across nations and time periods for thousands of years.
The only thing that increases the wealth of a nation in the long run is total factor productivity increases. What you conspiritards don't seem to understand is that the only thing that makes a rich country poor is when they do things like block effective technology from being implemented or the government makes stupid restricting types of regulations. Even when countries are decimated by war and hyperinflation they recover quickly as long as the government is letting them.
Things like inflation only affect business cycles which are temporary.
>>79782278
yeah that is right, US taxes are at an all time low. Having to pay the US dept would just mean increasing taxes.
But keep on having pipe dreams about the US collapsing until you're an old man. You wont be the first.
>>79782399
>earth has infinite natural resources
>>79782487
>we can keep borrowing infinite money for ever
>what is compound rate interest
>>79759451
More democrats in both house and senate. Looks like dems can't do math.
>>79782595
US bond interest rate doesn't magically go up. It is issued at a specific interest rate. Even if the dollar """collapses""" like idiot have been saying for years. The interest rate won't change on old dept.
>>79782788
>what are massive defaults like 2007
>>79782595
thats not what i said?
If you don't think we are more efficient with resources now than we were 2 thousand years ago you are retarded.
In fact scarcity actually drives efficiency.
>>79782788
>he doesn't know puerto rico just defaulted last week
>>79782050
Gold could go up, not denying that, that does not however as I said make it money, it is still a commodity.
That does not make it money. Buying stocks of gold mining companies still relies on the system functioning which would not be the case in your total collapse scenario.
If I were to believe in what you were saying I would be buying physical gold and hide it somewhere, not buying stocks which require a functioning law system to use, like money.
>>79783032
>blue pilled retards thinks natural resources are infinite
>>79782892
Private entities can default. The US will not as long as the USD is the international currency.
>>79780833
LOL, that was the best impression of a brain dead Hill-shill faggot I've seen on this board. Keep it up.
>>79781916
Yeah but its shit for borrowers. No one would borrow money and you need to borrow money to start businesses so productivity would crash because unemplyoment would spike.
>>79783214
gold is a commoditie that store value.
if you think your monopoly paper is a real place to store your savings you're an idiot.
>>79783302
you know chinese are hoarding gold like crazy, right?
expect soon the dollar not being the global reserve.
that shit is being planned for decades now.
>>79783257
ok so you are actually just retarded alright ill stop responding since there's no getting through to you.
Unrelated to what i was saying but some resources are actually practically infinite. Like solar power.
>>79762706
debt to GDP tends to do that when lots of people die and can't contribute to the GDP. Please don't reproduce.
>>79783576
so you don't have real arguments.
>muh solar power
good, now try to run society when most of the natural resources are depleted.
>>79759451
Why can't we just erase the debt? If anyone challenges us, we'll stick the most powerful military in the world on them.
>>79783787
chinese and russian have nuclear strike capability on american cities.
good luck.
>>79783787
Nobody would ever lend to us again, and people would riot without government handouts so we can never actually balance our budget
>>79783787
They won't fight for free, burgerbro.
>>79783457
>gold is a commoditie that store value.
>if you think your monopoly paper is a real place to store your savings you're an idiot.
>muh monopoly money
Money is never a good thing to store your money for long periods of time. You are better off investing it in something, gold can be such an investment if you have reasons to believe it will be worth more later.
>you know chinese are hoarding gold like crazy, right?
>expect soon the dollar not being the global reserve.
>that shit is being planned for decades now.
Hoarding gold is far from being the only thing china needs to do. They would need to catch up militarily and technologically which will take decades even if you consider that they have already caught up economically (which in my opinion they have not).
>>79759451
I'm just waiting for the day that my Monopoly money is worth more than the US dollar
>>79764173
Your understanding of monetary history is lacking.
Look up the Nixon Shock.
>>79783780
my argument is scarcity drives innovation which promotes efficiency. And if you look at history its true, when things start to become too expensive to use people invent a similar alternative, or switch to one that already exists. It's happening with coal and natural gas right now.
You aren't even putting up an arguement, you are attacking a strawman that i believe natural resources are infinite and failing to even win that arguement.
>>79783787
The economic uncertainty would collapse the world economy and would end the USD as the international currency and since the US is reliant on imports for its manufacturing and such it would not be a great idea.
>>79783787
Sooo you want to just basically rob at gun point the people of the world who were good enough to loan us some of their hard-earned wealth? Surprisingly, you'd sound marginally smarter going back to the "debt is really just imaginary" line of argument.
>>79766765
And we are running ZIRP just to finance it. The fact is, people just don't want to face the mathematical certainty that this debt-is-money system will fail. Start paying it off, and you reduce the M2 money supply, which impedes the ability to further pay it off. The total debt in the US is something like $60 Trillion. Total M2 money is something like $12 trillion. That discrepancy is due to interest. The USD is a Ponzi scheme.
WTF is it with people that you show them the facts, and they plug their ears and go
>LALALALALALA! I CAN'T HEAR YOU! I DON'T WANT TO BELIEVE THAT CAN HAPPEN, SO IT WON'T! LALALALALALA!
>>79784058
>military
china has nuclear subs that can strike USA cities.
also russians have them too and can strike europe.
there's no need to invest into huge armies if you can nuclear strike the us.
>technologically
chinese now hold more patents than the west combined.
also china now has the record in supercomputers.
they have overtaken the USA in PPP already.
>>79784090
I'm talking ALL natural resources (minerals) wont last more than a decade if africa, latinoamerica, asia and india start driving consumption.
So you seem to imply that current economic model can sustain infinite growth on all countries or even a first world consumption level.
My argument is that even if USA wont crash soon, this will mean the current economic model will do because of physical limitations of the planet.
>but muh capitalism will last forever
usa wont be able to take and keep consuming the rest of the world resources and let non americans get fucked.
>>79783457
Idiots like you act just like the preachers that yell on the street that Jesus is coming. And when they are wrong instead if thinking perhaps God doesn't not speak to them. They just change the date
>>79784565
Nukes do not obsolete conventional military force. It is still necessary for power projection, proxy wars and when you don't want to blow up the whole world over a relatively minor disagreement. Nuclear weapons are not the end of history as some believe.
>chinese now hold more patents than the west combined.
Quality>quantity. The west and even russia are still decades ahead technologically.
>also china now has the record in supercomputers.
Made with western technology that they do not have the capability to create.
>they have overtaken the USA in PPP already.
PPP is not what you want for geopolitics and international trade.
>>79784565
do you even know how technology works or have any idea how big the earth really is?
The main resources that we consume are energy ones, and as i stated there are ways in which you can get practically infinite energy because by the time they dry up humans will be dead anyway. The only reason we don't use them now is because they aren't cost efficient, but when we start running out of oil, coal and natural gas guess what theyll be cost efficient.
Nuclear, geothermal, hydroelectric and solar power are all ways of getting practically infinite energy.
If you think we are going to run out of metals like iron i think you need to actually look at how much iron is out there. Some resources are so fucking dirt cheap that its more cost efficient to throw them away and buy new ones than it is to re-use them. And when it doesn't become cost efficient to do that guess what PEOPLE WILL STOP DOING IT.
I get that nothing i say will change your mind, but please stop poisoning pol with your unfunny shitposts.
>>79784565
Also you say i don't have any arguements but then you're entier argument against solar energy is
MUH SOLAR ENERGY
So seriously shut the fuck up.
>>79785005
>I'll keep closing my eyes because nobody can predict the exact date
>this system can keep forever
I'm not even talking about the biblical shit like how america is referenced in the bible as the mystery babilon.
>>79785155
China holds the manufactures that is necesary for real wealth and good production.
what america holds?
financial assets?
FED bonds?
americans are needing a bachelor to get a mcdonalds job.
>>79785379
>I didn't read the names of the resources used in my infographic
>All the minerals are as cheap as iron
27 YEARS OF """""""""""""OC"""""""""" MISTERS......................... .-
AJAAJJAJJAJJAJ
https://www.youtube.com/watch?v=PSCNabiKlqs
>>79785546
>China holds the manufactures that is necesary for real wealth and good production.
True.
>what america holds?
>financial assets?
>FED bonds?
Yes (as well as the best universities, military production, research and development,etc) and in the current system that is what matters and the current system is unlikely to change as long as the USD remains the international currency which as I've said will stay that way for as long as the US maintains military and technological superiority.
And if you believe so much that China is going to soon take over the US as the world's superpower then you should be investing in the Chinese economy and not gold.
>>79786311
you seem to be ignoring the fact chinese and russians and the BRIC are not happy with that fact and are having plans to take over the usa currency.
current plans are to make the special drawing rights to be the world currency.
>>79786491
Might happen but those have existed for a while already so I doubt anything will happen in the short term. Same problem again, as long as the US remains powerful the USD will remain as the world currency. As soon as Russia and China (if their interests are the same) are able to counterbalance the US effectively then things will start to change.
>>79786920
like I said, here eveyone is unable to understand how fast shit moves in the end with a compound interest rate.
we're not even in the fastest part of the tail, only when things are starting to heat up.
>this thread
why is economics so hard to understand?
"chee", pero igual eres un probre que ni siquiera pudo manter a su perrito""""""""""""""""""pipo"""""""" vivo
tu familia vive en la pobreza extrema y aqui estas hablando de numeritos, que lastima
>>79786920
http://www.peakprosperity.com/video/85854/playlist/92161/crash-course-chapter-18-fuzzy-numbers
>>79787323
no te metas con pipo, malparido.
;)
te matamos el perrito ajajaja
>>79787507
shhh, le estoy dando por el culo a los boludos de pol.
seguime el juego.
hagamos que se triggereen.
>>79787430
Deje de comparar a China y Rusia coma mierda hp
Slava Ortodox
Good Night Red Side
>>79760010
>Hockey stick shape
Color me impressed.
>>79788007
http://education.howthemarketworks.com/glossary/compound-interest/
It has a hockey stick shape, everything seems to be working fine until it blows up.
>>79787304
because its a science that can't be reduced to physics. A lot of it's minutia are up for debate. Not that you don't have that in physics but for the most part eventually you get a definitive answer, but i dont think we ever will for some things in economics.
>>79788884
specialy when the usa goverment straight up lies about their GDP by 35% imaginary improvements that has no real backup.
Japan's debt is 220% of GDP
There is no inflation in Japan
Policymakers like BOJ actually scared of deflation
Japan has had ZIRP (0% interest rate policy) since 1990s
International investors still rush to JPY as safe haven currency?
And JPY is not the global reserve currency like USD is, Japan does not have influence in IMF, World Bank, BIS, other institutions like USA does, Japan does not have military to back up like USA does
So why you idiots screaming about national debt and national deficits?
>>79787304
seriously
>>79789064
GDP and recessions(worldwide) are determined by nber an independent non-partisan organization but nice try.
>>79789091
MUH NATIONAL DEBT ADFAKJSDNF
>>79789091
usa doesn't produce anything.
>>79789701
>"""""""independant""""""""
>I inflate my GDP while I lower my inflation
>see, there's no need to fear
>i know all the data suggests otherwise but trust me the U.S. government is lying and theres going to be a big crash soon
>i know it because some guy on youtube told me so
>just look at the price of platinum its higher than iron
I just saved everyone 10 minutes of reading.
>>79790103
>trust me everything is fine
blue pilled pig ready for the butcher while the truck is driving to the butcher house
I'm not even talking about the trade deficit between thirld world wages and first world ones.
>>79790946
those aren't red pills thats blood coming from your nose because of your coke fueled rants.
>>79791133
>he doesn't even have a clue
ok, let's ignore the fact current transportation liquids peaked some years ago.
