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How sustainable is this?
What do you think OP?Any opinions
>>22808005Pretty sustainable if you’re USA
>>22808005unsustainable. eventually, inflation will cause consumer prices to rise dramatically, and the dollar will lose reserve status. the world is going back to a gold standard. china and russia have been hoarding gold in anticipation of making this change.
>>22808038I would personally think that artificially inflating the market to have it appear fine isn't a good idea and will lead to more problems down the road. Especially since they can't just do this forever something will give eventually.
>>22808128It is the US, as long as trust in the institutions remains over 25%, and that seems to be the case, and as long as the military is happy, it can. This isn't a small European country or some South American shithole
>>22808005Money printer goes...
>>22808128>>22808060Highschool level thinking
>>22808215BBBRRRRRRRRRRRRRR
Deflation is coming. Expect cheapies in the coming months ahead.
>>22808276$0.01 has been deposited into your account.
>>22808276this
>>22808060Lol. Please don’t listen to this brainlet. There’s no fucking gold standard return bullshit. Ever. You may as well wish for nuclear winter. Conspiracy-tard-tier
So we /bull/ forever?
>>22808485Tell him he is a shizo and should take his meds and than take a nap. That works
>>22808485>muh gold
>>22808005Accountability vanishes. And suddenly, your grocery store is empty and your boiler isn't working.
>>22808005They will continue to do it until they no longer need to. They have UNLIMITED resources and dont give a fuck. At worst when Biden wins its his problem, so they give even less fucks.
enjoy the ride
>>22808497No. Nothing lasts forever. But for now you’ll bull and in Feb you might not. Just don’t listen to fucking psychos who tell you “this is Armageddon”. If you believe that you may as well literally only ever hold cash and cigarettes and ammunition
>>22808531What even is Bidens economic policy at the moment?
>>22808128>>22808181>>22808276>>22808496Printing money works until is doesen’t. We will have to go back to gold eventually.
>>22808544It took the Roman empire 400 years to finally collapse, if you count the Eastern Roman Empire as part of the original, roughly 1300. Europeans and descendants of Europeans are not bug people
>>22808276
>>22808565What's the dem standard?
>>22808459Based, more asset inflation.If anyone is wondering why the dow is as high as it is even though we've experienced a massive worldwide recession. It's because of BRRRRR
>doesn't want to lower interest rates negative>buys bonds insteadlol just lower rates again
>>22808678selling out to China, the same Clinton and Obama did
>>22808565He’s a corporate democrat. He’s just paying lip service to some of the Bernie bros to get their vote. I’d expect more destructive neoliberalism as always.
reminder that powell dug a hole for our economy that will take decades to get out of
>>22808727So expect that with tax breaks for the working class if hes to be believed.
>>22808704the funny thing is the fed and government point to a "stable" CPI as proof we're okay. meanwhile, we have massive bubbles in the stock market and real estate. eventually, we'll all get burned.
>>22808496it's not a conspiracy. china is dumping us treasuries and stacking gold. it's not a fucking secret you fucking mmt fucking faggot.
>>22808510>muh mmt>muh keynesianism>muh daddy government please save me
>>22808792Think about the followingIf manufacturing in foreign countries becomes more expensive than manufacturing in the US, what does that do to the economy? Like Apple products or parts produced in India being heavily taxed if re-imported to the US. Apple products will lose market share in the US and as other countries don't have the leverage to play protectionism against the US to retaliate, apple has to relocate to not lose its biggest market4 more years communist
>>22808589No you won’t you fucking retard. No one goes trading with their pocket full of gold bars lol. The only way usd loses its status is when we switch the standard to digital dollar
>>22808611that was then. the US jumped the shark after 9/11 20 years ago. timelines are accelerated. bread and circus is no longer working.
>>22808897the dollar is already digital you fucking mong. only 1% of "dollars" exist as paper currency. the rest is bank media -- numbers on a screen.
How do I short the dollar?
>>22808060>inflation will cause consumer prices to rise dramaticallywrong, consumer price will stay the same so you don’t notice you will never be able to afford a house anymore because of asset inflation stop looking at CPI, inflation money are flowing into real estate and stocks
>>22808801Yes, Trump is not a politician or dependent on multi nationals to make him money, like it is the case with the gender study top politicians from the demrats>>22808909>9/11>acclerationism narrativehonk honk glowie
>>22808897>when we switch the standard to digital dollarWe're already there.
>>22808565
>>22808858Russia is stacking too. They are both getting as much Gold as they can get their hands on. When the USD hyperinflates - Gold, natural resources and manufacturing capability will determine the destiny of nations. Of course, maybe the elites will set up a new global ponzi currency, maybe a basket of the top currencies pegged to a digital global dollar?
Once we solve racism we can figure out the economy.
>>22808858>china is dumping us treasuries and stacking gold.Their gold is fake dumbass
>>22808959What does it mean for those that already own a house?
>>22808959i understand all that, see my post >>22808832. what is happening is that money printing is preventing prices from going down.the point is that when the economy opens back up, all these pent up dollars will be released, and then we'll finally see inflated consumer prices.
>>22808005what does it mean
>>22808968>>22808934Just because we use it doesn’t mean it’s the reserve you fucking retards. How is this board called Business & Finance yet you faggots have absolutely no clue how world finance works? Lol
>>22808611That was without internet and mass transmission of information at light speed bombarding the masses. Our current civilization could collapse in the blink of an eye (5 years or less)
>EVERYBODY STACKING GOLD!!!>gold price is plummettingok bros.
>>22808975How does he expect the fed to fix racial wealth inequality?
>>22809048>5 years>Just waitDoomers don't need to apply. Shit out the black pill or take the rope. Wouldn't be the first time that a civilization stabilizes itself through the military, and as the only hegemonic country on this planet, the US is fine
>>22808982correct. US is at a huge disadvantage as the biggest debtor nation with relatively low manufacturing capacity. it remains to be seen what the elite will attempt to do. if china and russia can succeed in setting up gold-backed currencies, we'd have no choice but to follow or risk being the next zimbabwae of the world.
>>22809079Race is a red herring it's just implementing communism with a twist.
>>22809046the dollar is the reserve currency of the world. where have you been you fucking retard? bretton woods 1944 set the dollar up as the reserve currency. we have since enforced it through wars -- forcing nations to trade oil for dollars. see hussein and gaddafi to know what happens when you disobey.
>>22808999All this racial stuff comes across as lip service to me. No one takes it seriously but you have to say it
>>22809051>WH-WHALES ARE ACCUMULATING!!And people tell me crypto is a joke. The cope is the same no matter which market
>>22808966spotted the mossad agent.
>>22809109>US is fineWanna know how I know you’re retarded?
>>22809163White men are afraid to put their race and gender on job applications.
>>22809146Technically SDRs are the world reserve currency.
>>22809013if you own your house free and clear (no mortgage), it doesn't mean anything. if you have a mortgage, you probably won't have to pay it anymore in five years, as all debts will be hyperinflated away by the fed so that the US "doesn't" default on its massive debt.
>>22808897>>22808934 First of all, you don’t have to cuss like a raving idiot as if you’re some seer with a crystal ball. You don’t know shit and you don’t know how things will play out, nobody knows with 100% certainty how the transition will go so shut the fuck up. We are all just speculating. What makes you think people will want to trade with a new dollar when the old dollar ponzi collapsed and China and other countries were left holding the bag? Will the US compensate these countries some how who were homding trillions of dollars of US debt?
>>22809181>lets call him jew that will signal all the perceived /pol/acks in the thread that they need to side with me Why didn't you post the picture with trump touching the wall
>>22809001fake gold is still more valuable than thin air.
>>22809189the petty rioting by some apes? If it wouldn't be such a great campaign against the democrats, the military would have long gone through. You demrats don't get strategy
>>22809225>lets call him glowie that will signal all the retards in the thread that they need to side with me
>>22809241>thin air.Opinion discarded
>>22809276accelarationism was promoted by the like of Richard Spencer and co, people that sound today more like communists than any thing right wing
>>22809213>don't cuss>cussesfuck you you fucking faggot.
>>22809298sure. but how many servicemen are going to continue to fight when they either:a) stop getting paidb) come home to a bank account with no purchasing power
>>22809302>Richard SpencerHe's been promoting SENT big time these days, he's huge on VPN privacy.
>>22809335>the military will desertyou really believe that. amusing
>>22809302holy fuck you guys are retarded. i used the verb to accelerate. the way this anon does here: >>22809048accelerationism the meme philosophy by nick land is a completely different concept.
>>22809341He was the most obvious plant I've ever seen. A born patsy, that failed
>>22809298I love this argument, but let me tell you the the armed services are so cucked
>>22809381And it will happen in 5 years, because of Internet?If you are so afraid, time to leave for South America
>>22809367patriotism is dead dude. there were no WMDs. there is no boogeyman.
>>22809430>dudeJohn, is that you?
>>22809420if anything happens in five years, it will be because the federal reserve will print so much money to pay for things the US government can't afford, that eventually we'll experience hyperinflation of the dollar, as countries like China stop buying our debt and dump it. the only potential way out is if the fed allows interest rates to rise, thereby saving the dollar.
>>22809430>he thinks it's about the wmb or the boogeymanjfc just admit you don't know what you're talking about.>>22809417Just go back to pol>let me tell youand stop typing like a fag
>>22808276you can keep saying that Krugman, it's not gonna make it real
>>22809469Learn the basics. The US is not Germany post WW I. It is a hegemonic power, a mono hegemonic power, you are out of your league no point in further replying to you.
>>22808611Chekd and This. Information transferring faster will not cause a faster collapse. If anything.A faster recovery/more resistance.Keep dreaming China
>>22808005very, extremely, wholly, entirely, absolutely, and unironically
>>22809506what?
>>22809490>the full faith and credit of the United Statesthin air
>>22809298HAHAHAHAHAHAHAthe neocon is completely confused
>>22809526>he unironically believes in MMT>he thinks empires last foreverhave you even read a basic history book?
>>22809550>>22809563I'm confused. Are you saying there's a country with more powerful military than the US?
>>22809583Never said I believe in MMT straw man builder, but I believe in military mono hegemonic powers with no viable rivals on the horizon, not even competition in form of a United Nations of all other nations
>>22808005It's going to make it really easy to get foreigners to become first time investors in the USA and totally screw over the citizensSo not only is it sustainable it's also profitable and politically expedient
some people arguing on here remind me of people who think we need to care about the debt more because of what happened to Greece. the only difference is the US makes all the rules. but i guess that doesnt matter
>>22809599Paper tiger. Generals are shitting their pants if they have to invade Iran, let alone China. Next gen missle systems btfo carriers and air supremacy.
>>22809213Lol imagine being this retarded
>>22809163Do you even go outside
>>22809430>there were no WMDs.Yes there was, they were called wetbacks
>>22809599Think in terms of cost sink. What is the U.S. military going to bomb someone for not using their meme shit USD currency?They can topple governments, but something like bitcoin is ground up instead of top down. The cost sink equation is immense. Bitcoin is like a virus that sits in the cells of our communication protocols.
>>22809761what?
>>22809761>Generals are shitting their pantsIf zog will let them fight they will winThe only thing they are concerned about are the rules of engagement and that's on a fight by fight basis
>Bitcoin is going to be worth $100k someday>That $100k will have as much buying power as $10k will nowIs this their plan? It's obviously still a good hedge against inflation, but it saddens me that our financial overlords have put us in a position where our wheels are always spinning, but the people who put us in this spot just get billion dollar bailouts whenever the market goes down
>>22809704the fall will come from within. Rome was the greatest power of its day. the horde didn't destroy rome, it's rulers did.
>>22809808I don't even know or care wtf you're talking about. Fuck off.
>>22809850Go metal instead, they cant kill that.
>>22809850indeed, that is the goal of the federal reserve system and fiat currency. the politicians make promises to win elections that they pay for by debasing the currency. this debasement is a hidden tax on the people. low interest rates destroy savers and force people into debt. get on the hamster wheel goy.
>>22809893You think the military can just bully everyone indefinitely? No wonder you're confused.
>>22809850It's super fucked, I think even upper middle class jobs won't let you retire now. Might as well get some office job that wastes your time so that you can "retire" by not working as hard.
>>22809901If you cant sell the metal you are fucked either way.
>>22808128>Will lead to more problems down the road.That's the point. When we lose everything in a depression is that wealth destroyed? No, the banks take it all. Every crash, bull run, "mistake", war, mass tragedy to ever happen has been artificially manufactured to redistribute wealth and power from our hands to theirs. Create a pandemic and usher in a depression bad enough and people will be begging for global c*mmunism in the form of the gre@t reset , beginning with UN military occupation to administer food aid, vaccines, etc. >"We are on the verge of a global transformation. All we need is the right major crisis and and the nation's will accept the NW0" - D@vid R0ckefeller
>>22809901agreed. but they killed that company that was doing digital gold (they held gold for you) and gave you a debit card to transact against. bitcoin seems to be the only thing they cannot stop.
>>22809526Talking down to people with an air of authority doesn't work on this board, nigger
>>22809943>You think the military can just bully everyone indefinitely?Yes. That's what military is for you fucking idiot
>>22808060>muh inflationaren't you people tired of this meme yet. to the extent that inflation happens, people's wages will go up to compensate.
>>22808005It doesn't fucking matter if the banks aren't lending. The Fed is pushing a string. They can provide all the bank reserves they want, but if the banks aren't lending, we are deflating. Pure and simple. Only Congress can spur inflation, and there is so much collapsed demand they would need to fill before stimulus was truly inflationary that I am unsure they can do it without UBI...and that's a really bad fucking idea long term.
>>22809526>mono hegemonicdo you know what hegemony means you fucking retarded nigger?
>>22810135Housing, fuel, healthcare. All quintupled in price over the last 10 years. Stop denying the inflation. Its already here
>>22808215No it doesn't. This is a meme. It doesn't at all explain what is actually happening. https://youtu.be/h_HCIyc6MaAWatch this. Also, watch Jeff Snider's stuff. There is way too much misunderstanding of the Fed.
>>22810187and wages have gone up to compensate. $15 an hour shitty retail job offers are all over the place now; 10 years ago such a wage for low skill work was unthinkable.
>>22809599you can't bomb somebody for dumping your junk bonds, schizo
>>22810135people's wages aren't going up. also, inflation can keep prices the same that would otherwise go down. falling prices helps the lower and middle classes. rising prices helps the rich.
>>22808476Even stimulus will only provide short term pumps like we just saw before deflation comes back to the fore. The only way we get to the high inflationary scenario that people are expecting is if they go balls to the wall with UBI or something of similar massive scale. Deflationists are right.
>>22808999Wait until the open up the Federal Reserve Act and add mandates to give people loans and payouts based on race.
>>22809599Price fixing doesn't work even at gunpoint, the market routes through any and every channel available to clear prices
>>22810135Minimum wage in the 50s-60s was over $40/hr adjusted for inflation. Inflation is an increase in purchasing power for the banks and a tax for everyone else.
>>22810230>NOOOO YOU CAN'T JUST DO THAT!And what's stopping us, retard? The UN? lol
>>22810312>Price fixing doesn't work even at gunpointA nigger can rob you at a gunpoint, so yes I think we can
>>22809858sure, and a bunch of noodle arms and niggers will break the US. Learn the deatils on the fall of rome. I don't see any Admirals or Generals ready to desert>>22810169Yes a power that defines its environments norms. I can go to every country on this earth and the dollar will be accepted, the poorer the more accepted it will be, neither Euro, Rubel or yuan can say the same. The same is true for cultural hegemony as I will find Hollyjew movie theaters, McDonalds. you angry nigger nazi
>>22810376A nigger can't steal by bitcoins and then sell it for $30k if it's only worth $10k
>>22810398mono hegemonic isn't fucking word/term retard.
>>22808832>we have massive bubbles in the stock market and real estatethis is how I know you are a brainlet. your take is trash.
>>22810398rome fell when rulers debased the amount of silver in its currency. same thing the US has done for 100 years. it has nothing to do with violence. it's a confidence game and the fed will lose at some point.
>>22810398Isn't it interesting how these retards think America will collapse and either Russia and China will take over, without explaining how? All they're doing is parroting some leftist retard on youtube explaining their shit viewpoints with cartoons.
>>22810470>redditor thinks stonks only go up>just buy a house!back to plebbit faggot
>>22808944Buy Emerging Market ETFs
>>22810461It is in IR. If you want to start to discuss terms we can go into how racism is not a word, would you like that?
>>22810376Think about the USD holders in venezuala who are required by force to use maduro's shit currency. Same deal, america can try to force people to use USD but they can't sustain the price without people on the global market wanting to buy it.
>>22810484>leftismdude fuck commies and socialist. if anything, bitcoin and gold will take over, and hopefully a return to free markets that are not manipulated by the government and the fed.
>>22810484I love it, especially when they start to get angry. Unfortunately on the internet they are save. The lefties I sometimes have to discuss with that start to get vicious usually are put on the floor and have my boot put on their throat just to give em an example of what power is while their friends they thought would protect them say, come on it doesnt have to get violent
>>22810459>bitcoinskek fuck off zoomer>>22810477Except Rome =/= America. Stop comparing some beta + empire to the absolute monster that is USA
>>22810568Based
>>22810538Bitcoin is already fedded. Monero is the true crypto currency of the future.
>>22810590the comparison is apt. the US controls all trade using the petrodollar and military force. rome controlled all trade by building roads and having a strong military. stop thinking that the US is somehow infallible. socialism has been killing the US for 100 years. we need a reset back to free markets.
>>22810516>Same deal, america can try to force people to use USD but they can't sustain the price without people on the global market wanting to buy it.As oppose to what? Stop saying people won't use USD and actually give an example you fucking idiots.
>>22810626based. monero will have a great bull run over the next three years. it'll be back in the top 10 for sure. expect litecoin, and the bitcoin _ coins to fall out of it.
>>22810135houses are up 7% per year, wages aren't.eletronics and beer is getting cheaper but things that actually benefit people is spiraling out of control cost-wise.
>>22810477>The only reason rome fell was because of currency fuckeries
>>22810682>rome controlled all trade by building roads and having a strong military.No they didn't you fucking retard learn to history. Han China controlled literally everything. Historians just cream their pants with Roman empire because it's the only civilization worth talking about in Europe prior 17th century
>>22810505>just a buy a houseyes I will, with gains from my stonks that only go up. later retrard.
>>22810712>eletronics and beer is getting cheaper but things that actually benefit people is spiraling out of control cost-wise.maybe because human labor is useless now?
>>22810682>socialism has been killing the US for 100 years. we need a reset back to free markets.Jesus, This.I am prepping to get an off grid solar cabin and homestead farm. It's just too stressful modern day society I want a place I can fall back on where I don't need to worry about this absolute state every single day.Grey hairs at 30.
>>22810736>Han chinainsectoid confirmed
>>22808005Short USD for profits
>>22810721>what is a major contributing factor?https://warwick.ac.uk/fac/arts/classics/intranets/staff/butcher/debasement_and_decline.pdf
>>22810770Are you serious? World wealth was concentrated in China most of human history. I'm not even trying to side with China, that's just the way it was. Don't be a fucking retard. I was agreeing with your argument until you done goof here.
>>22810754go back
>>22810736han china controlled nothing. rome dominated sea trade, which is cheaper than trading by land. read a book.
>>22810763sounds pretty comfy anon. i need to find a place like that. one within reasonable driving distance to a golf course.
>>22810924>han china controlled nothingWhat is Silk Road?
>>22809163Minorities take it seriously and they want you dead.
>>22810848aww, did your butt buddy betray you? redditor confirmed.
>>22810508thanks for the advice Dave! I listen to your show everyday on the way to my cage!
>>22808005Rename /biz/ to /bull/
>>22810124i love this image>being american and showing the worth of american military in american currency
buy xrp, last warningiykyk
>>22811098How old are you?
>>22810848>I agreed with you, so agree with meNot how this worksHan china was far from as stable as the Roman empire was, and far from as powerful. It would be like if you included the holy roman empire as Rome>>22810959Not really>>22811098I would love to meet you irl, we would have a lot of fun, mostly me, you not so much
>>22811208the only time i'd even consider buying this shitcoin is when bitcoin hits its previous ath.
>>2281124312
>>22811290>military bootlickeryeah you sound like a real peach anon. go take a nap while big daddy government takes care of you.
>>22811290> During the 1st century BC silk was still a rare commodity in the Roman world; by the 1st century AD this valuable trade item became much more widely available.[138] In his Natural History (77–79 AD), Pliny the Elder lamented the financial drain of coin from the Roman economy to purchase this expensive luxury. He remarked that Rome's "womankind" and the purchase of luxury goods from India, Arabia, and the Seres of the Far East cost the empire roughly 100 million sesterces per year,[139] and claimed that journeys were made to the Seres to acquire silk cloth along with pearl diving in the Red Sea.[140][127] Despite the claims by Pliny the Elder about the trade imbalance and quantity of Rome's coinage used to purchase silk, Warwick Ball asserts that the Roman purchase of other foreign commodities, particularly spices from India, had a much greater impact on the Roman economy.[141] In 14 AD the Senate issued an edict prohibiting the wearing of silk by men, but it continued to flow unabated into the Roman world.[138] Beyond the economic concerns that the import of silk caused a huge outflow of wealth, silk clothes were also considered to be decadent and immoral by Seneca the Elder: I can see clothes of silk, if materials that do not hide the body, nor even one's decency, can be called clothes ... Wretched flocks of maids labour so that the adulteress may be visible through her thin dress, so that her husband has no more acquaintance than any outsider or foreigner with his wife's body. —Seneca the Elder c. 3 BC – 65 AD, Excerpta Controversiae 2.7>https://en.m.wikipedia.org/wiki/Sino-Roman_relations#Chinese_silk_in_the_Roman_EmpireYou’re a fucking retard then too.
>>22811377so we agree that china always was a cheap manufacturing third world shithole full of bug people dependent on the riches and powers of others.
>>22811377he said han china was not as stable or dominant as rome. your excerpt saying that rome spent a shit ton of money on silk and spices only supports his argument. rome was getting rich off military conquests and had to spend it somewhere.
>>22811424>didn't even read my postWhy are you being so delusional? It's just history lol.
>>22811444>not as dominant as rome.>Despite the claims by Pliny the Elder about the trade imbalance and quantity of Rome's coinage used to purchase silk, Warwick Ball asserts that the Roman purchase of other foreign commodities, particularly spices from India, had a much greater impact on the Roman economyhow dominant lol
>>22811500>It is just historyThe history of a regional power that always managed to mutilate itself
>>22809778>retarded one liner Not an argument. I’m pretty sure China and Russia wouldn’t be stockpiling as much Gold as they can get their hands on if they were just going to smoothly transition to a new dollar. Why would any of the world powers turn down this opportunity for a reallignment of the global order, they’re not going to allow the US to be the financial hegemon again. We will probably see a world currency of some kind supported by the major powers.
>>22811608>The history of a regional power that always managed to mutilate itselfAs oppose to Rome?
>>22810222>and wages have gone up to compensatenot even fucking remotely have they lmao
>>22811682>opposed to a military power that subdued the world, with an exception of the American and Australian continent
>>22810135>being this naive
>>22811765>opposed to a military power that subdued the worldThe Mediterranean is not the world you fucking retard lol. Sorry to burst your bubble but Rome wasn't as great as you want to think it was.
>>22810508Please explain
>>22808060>iT Will CAuSE InFLaTIoN!>goLd StANdArd
>>22811805>Rome was just the MediterraneanWhat was the Pax Romana
>>22811591trade makes you rich. not sure what you're driving at here. rome had the money to trade with anyone for exotic luxury goods that people wanted.
>>22811835>no! not my heckin dollarinos! they're valuable because daddy gubmint said so. the mmt lady on CNN said so!
>>22808888Checked and based
>>22811857>What was the Pax RomanaThe word Pax is just a term used to describe the hegemonic power a certain civilization had you fucking idiot. China, Mongolia, and Middle East has multiple so called Paxes. How are you this historically illiterate lol
>>22810135
how many spics and niggers will it take to bring down america
>>22811872>rome had the money to trade with anyone for exotic luxury goods that people wanted.>exotic luxury goods that people wanted.>people wanted>from ChinaCome on dude are you even trying?
>>22811924>China, Mongolia, shitholesNon of them reached from the coasts of west Africa, over Europe, through the Middle East to the coasts of India
>>22808005Will corporate debt be repaid by corporations?
>>22811898Id unironically give you give you my only ounce of gold if the gold standard became a thing. It won’t though. Just laughable
>>22811995>Non of them reached from the coasts of west Africa, over Europe, through the Middle East to the coasts of Indianigger you what?
>>22809199what is SDR?
>>22811907thank you based anon for checking quads of truth.
>>22809298So Ron Paul's End the Fed is just retard book that Bilderberg group and Davos men won't care to glimpse?
>>22811960just because a particular location has valuable resources doesn't mean the people there are powerful. what happened to native americans when Europeans figured out how valuable north america was? they destroyed them.
>>22809858Did rome have complex, real time economics?
>>22812031why even own gold then? just keep using those valuable federal reserve notes!
>>22808888I ain’t arguing with quads of infinity
>>22812057>There were no Roman money found in India, no no noThe whole point of the thread was to show doomers, chinks and leftshits, that a mono hegemonic military power, like the US currently is and will be for the foreseeable future is not going to break over the FED and certainly not over the next 5 years.If this would have been an irl meeting, it would have been ended some times ago with several people with bloody noses. And that is the whole point. enjoy the safety of your screens, and hope that you are wrong, else their might be some Mongolians knocking at your door soon
>>22809040Pent up demand happens when there's a bad winter in the northeast or something like that.
Old article anon. March 23, 2020. The USD index hasn't collapsed yet.
>>22812143>just because a particular location has valuable resources doesn't mean the people there are powerful. what happened to native americans when Europeans figured out how valuable north america was? they destroyed them.This is true, but why are you comparing prairie niggers to China? I agree China is a shithole now, but historically it had the world by its balls
I am Rothchild. How do I preserve my family legacy? World has become a commie central. Every powerful tool is owned by shareholders. Its open season like open market. If someone want to build something they can beg for money and confidense and finish in returns. People are able to hoard billions and even trillions of confidense. Meanwhile we are at the verge of being called Vampires and killed like Tsars.
>>22812225>holy shit people have been inside all year. californians can't even get their hair cut.where have you been man?
>>22812213amerimutt cope
>>22812247>compares Rome to Han China>posts a picture of 15th century warships to show that Chinese are superiorwhat happened when the british came to fight in china anon? how long did the west control hong kong?
>>22809177>HURRR DURRRR Bank manipulation is a conspiracy theory Never mind the recorded fact they've been spoofing the price and buying as much as they cheaply can for the last decade.
>>22812291>Amerimutt No, european with dominant Mongolian genes and Romance and Germanic ones, that isn't too blind to see, that you don't fuck with modern Rome, at least not during my life time
>>22812357>chink bugman confirmed
>>22812334It's literally 400 years before the Opium War you fucking gorilla nigger retard. How are you this historically illiterate? lol
>>22808888BASED
>>22808005It's not. We're already seeing the beginnings of inflation. I know most of you fags are neets, but goods like construction materials have already gone up over 30%. The middle class will be a thing of the past
>>22812404No Han shit in me
>>22812426>uses picture of 15th century technology to compare empires that existed 1000 years prior>calls others historically illiterate
>>22812496>regional power>cannibalizing itself for millenias>dependent on foreign powers for a bit of stabilityNever change china. I would love to know how many of them my ancestors from the central Asian step raped
>>22812496I'm just arguing the fact how much China had dominance over the world you fucking retard. Now you're actually illiterate too? lol. If you want me to compare Roman and Chinese Navy I would gladly do so
>>22808888Checked and baste
>>22812443>The middle class will be a thing of the pastThat is the goal right now there is a war and you have the high, the banking elite, and the low, niggers and poor people, aligned and fighting against the middle.personally I don't care anymore. Its not a war I can win so they just better hurry up with their stupid digital dollars and UBI so I can sit at home and play video games.Everyone is already a slave to the bankers the least they can do is pay this slave an allowance.
>>22809298Roman soldiers weren't too loyal when the denarius they were paid in was devalued to nothing while barbarian immigrant soldiers were paid in the roman solidus.
>>22812619>Dominance>Be a manufacturing shithole dependent on others riches forever>Getting regularly raped for ages by nomads living in Yurts
>>22812619China has never had dominance over the world. They were a regional power and they continue to be a regional power.Without a blue water navy to guarantee trade routes they are nothing and they can't even maintain their own buildings so the chances of them maintaining a navy is about zero.https://www.youtube.com/watch?v=o9eXi3RL8q4Whatever quality people that existed in China were killed by the commies now all you have is a bunch of greedy low class idiots pretending that they are a better class of person than they really are.For fucks sake they can't even manufacture the special type of hydrofluoric acid needed too etch silicion. A mass of idiot bug people who thanks to the commies will amount to nothing.
>itt /pol/ talks about world history
>>22812697blackpilled
>>22812929redpilled
>>22810355you're like a edgy highschooler>WE GON NUKE DEMyou won't, you'll just waddle in your piss while crying that your pension fund defaulted
>>22813246/pol/ was libertarian originally, and would never support the current monetary fuckery of the United States, it being TOXIC to its economy, culture and people. Ignoring or shilling against China's capacity on the world stage to start poking holes to sink the boat, is the least patriotic thing a American can do, and is the definition of "useful idiot" to (((bankers))) and other such ilk who've lead this country to ruin.
>>22810222>15$ an hour retailBro most of America is 7.25 faggot
>>22809213Transexuals are not women
>>22808897imagine being this retarded
>>22813599t. fascist
>>22809253>you dem ratsstop falling into divide-and-conquer rhetoric. not every dem is a queer-loving communist just as not every republican is a gun-toting KKK member. truth is, the vast majority of us are proles no matter what you vote.
>>22813699>t. science denier go fuck a tranny and tell me you fucked a woman
>>22812270Buy gold you dumb faggot.
>>22808589You're small minded. This will result in a regionalized, Western currency similar to the Euro. Whether it's just north america or becomes an Oceania-style thing is all that remains to be seen. Essentially, the old currencies will remain to inflate away debts with a speculation attack into a new reserve currency. America elites will lead the charge and get the early and best exchange rate on converting the old to the new. Countries that bend the knee late will get less and people on the ground will be fine with it because they'll get an inflation-pegged UBI in the old currency.We just need to pretend hard enough to keep logistics moving whilst forgiving all of the developed world's debts to the developing world. With a bit of onshoring and automation, China can sit there and seethe. See, you don't seem to understand that the central banks and repo markets were essentially playing cowboys and indians. The cost of not going along with it is a liquidity crisis, but back in April, the Fed added a new rule where they can just say "No I'm not" when other countries go "bang bang you're dead". Other countries don't have the stones (or reserve status) to gift themselves a similar rule and are essentially fucked right now. It's a game of debt chicken and it looks like America will win if it stays its course.
>>22814321>America will winThe bankers will win but like you said I will probably end up with UBI so I don't really care anymore.Hook me up with those digital dollars and I will consume for you FED. All the velocity you want.
>>22814321>t. steve mnuchin
>>22814321>We just need to pretendLmao. Sounds like a Crypto pump n dump. No thanks. Nobody with financial sense is gonna want your shitcoin fiat. Good luck running a economy off of Nigger Gibs.
Fuck this gay ass country. We the people are told that students HAVE to pay back shitty, predatory, kiked AF student loans, but the government will endlessly print money to throw at greedy corporations who mismaged their finances to extract every cent of profit possible from the company and ran it into the ground. If we can print trillions to give to kike bankers, we can bail out the next generation. If you disagree with this, you have been brainwashed by jews. The amount of money that would actually flow into the economy, if young people were freed from their kiked loans would make the roaring 20s look like nothing.
>>22808888QUADS OF QUINTESSENCE!!!!!!!! AHHHHHHHHHHH IT'S ALL OVER!!!!!!USD GOING TO SHIT THE BED!!A JEROME POWELL JUST FLEW OVER MY HOUSE AAHHHHHHHHH
>>22810135I really feel sorry for faggots like you
>>22815034t. debt bondaged goyim slaveThe bible says that if you are a debtor you are a slave to your creditor(s), this effectively makes every U.S citizen a bond slave because we are the guarantors of US public debt.
>>22815034100% this. So many people have been brainwashed with "You took out a loan pay it back" its insane. There will be more calls in the near future to remove all student debt as more people will see this crazy bullshit Federal Reserve spending spree. Entire generations have been kneecapped by these fuckers and they won't do anything about it right now
>>22815034>not understanding the game You fucked up, pal. Honesty gets you killed.Haha they're just numbers on a computer screen Haha you're controlled by imaginary numbers some jew typed in Haha you're a peebrain for not seeing this comingHaha you're so fucking stupid step outside the (((paradigm))) and see that the world is fucked. Welcome to Life TM, pal. It ain't fair and it don't give two fucks about you. Get over it.
>>22808959100 year mortgages coming
>>22808459it's spelt brrrrrrrrrraaap
>>22815026It's all pretend. Sometimes examples need to be made to reinforce consensus reality, but it's ultimately a construct. Once power gets geographically decentralized and international companies become too big to fail, an organic coordination of dissent becomes impossible to sustain. You can't revolt because you only have access to one of the hydra's heads and crab bucket mentality stops you from finding enough people to slay the beast.The system isn't perfect, but it is a system and it is predictable. Predicting it will help you make your own luck.
>>22812929Your data is out of date.. China has one of the largest bluewater navies in the world and is continuing to build ships at a rate greater then the US in WWII.
>>22808975>give more free money criminal welfare niggers>b-because,... something something,.. orange man bad
>>22809079>fix racial wealth inequality?the only inequality is the fact that niggers are stupid belligerent lazy criminalswhich is why they either get arrested or shotgiving them free money does nothing but enable their behavior and thereby perpetuating the problem, which at its roots has nothing to do with ""racism"it has to do with "niggerism"
>>22815330>The PLA navy now has about 400 warships and submarines, according to U.S. and other Western naval analysts. By 2030, the Chinese navy could have more than 530 warships and submarines, according to a projection in a 2016 U.S. Naval War College studyThey have a ranking of 3 which is regional power projection.They don't have the ships or the skills to project power worldwide and secure global trade.Maybe some time in the future but its going to be a long road and one easy to disrupt.Hell the US could go back to issuing letters of marque and people could have fun sinking Chinese ships for profit.
>>22815330you guys are stuck in the last century. a strong navy doesn't mean shit, it's all about a dominate space force.
>>22815227Maybe. 100 year mortgages tighten up families and this is not something that is wanted. A 100 year mortgage would probably need to be collateralized by real estate and other assets that are considered generational wealth.Maybe group mortgages will become a thing. On 25-30-40 year terms. This makes more sense given that people are going to start spreading out with less work. There is no point in staying in the city if you can enjoy more space in a small town and are getting a government stipend anyway.
>>22815441Remember all the crashed space ship parts articles written about china recently? They have more launches then any other country. Putting up satellites and who knows what else. Even the dod anounced that china has orbital directed energy weapons.
>>22815441You really are not wrong and here is a great talk on the subjecthttps://www.youtube.com/watch?v=KsPLmb6gAdwhe also discusses china and how we need more than just low earth orbit like we do now.
>>22815531that's all to make the chinks feel that they have a leg up on the states. why else would they release that type of info to plebs. they are just fucking with those insects.
>>22815441A strong navy is required to secure international trade. If there isn't a powerful navy (which coincidentally has always belonged to the reserve currency country - Portugal, Spain, UK, USA), then countries have to have their own navies to stop literal pirates and enforce their borders. If they do this, then they introduce tariffs to fund it and the current global age of trade comes to an end.We fund the navy by allowing the reserve country to borrow ad infinitum to finance it. The world invests in that military because they know that it's better than not. More so in this age of hyperspecialization.China cannot secure trade lanes at this time and so all it has is soft power and trying to do shit on land like the new Belt and Road initiative. It's trying to build up strong enough relationships that it can lean on countries once it is able to secure global trade on its own. Problem is, they were given a chance to sit at the big boy table 50 years ago. All they had to do was eat shit for 2 generations and it'd all be cool. But China, being unable to cope with humiliation, has decided that they want to game the table and declare it theirs. Because of this, no one trusts them to play cowboys and indians. Worse, no one trusts China as referee to let them continue playing cowboys and indians the way that they like to play it.
>>22815034>>22815140I'd be fine with forgiving some student loans, like the ones for degrees in something useful like engineering or actual sciences. All the pozzed degrees and phds in sociologically, women studies, journalism, all the anti-white propaganda strewn in, and the bullshit critical race theory can all fuck off, those programs shouldn't exist at all. People retarded enough to take out loans for them can pay it back themselves.
>>22808005He’s practically telling you to buy gold
>>22815264Nah. I think the same that's happened before will just happen again. You're all just too Arrogant to see it.
>>22815677I don't disagree with you, but soon, I find it likely that trade via ocean routes will be greatly diminished. As taking things up into space becomes cheaper, whether that be rockets or a space elevator type mechanism, trade via space routes will become the go to method.
>>22809298>muh military backed currency can force other states to use muh military backed currency>the choice to use fake internet money is down to the individualwhy do ppl still not understand>citizen turn in your monero
>>22815677And yet entire industries rely on China for things like medical gear, raw pharmaceuticals, raw metals, etc
>>22810135>housing has fucking quintupled in places ovet the past 30 yearsyeah bro let me just look at my paycheck
>>22810222Fucking delusional
>>22808897you don't understand how a gold standard works at all.
>>22812094>what is SDR?The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. So far SDR 204.2 billion (equivalent to about US$281 billion) have been allocated to members, including SDR 182.6 billion allocated in 2009 in the wake of the global financial crisis. The value of the SDR is based on a basket of five currencies—the U.S. dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling.basically an IMF monopoly dollar
>>22810324It was more like 60$ an hour priced in gold. Taxes back then were much lower too
>>22808005how does 1 trillion dollars sound?
>>22811924t. angry non-Europid
>>22808060>gold standardYou mean XRP?
>>22816080There's no "and yet". It doesn't change that they cannot be the reserve currency because they cannot project adequate naval force to police the waterways. A golden age of trade, which they rely on, would just end. They are nowhere close to there yet and so long as currency can be fucked around with, and cold wars stay cold, China will not come out on top. This is because their obsession with face fucked up their chance to sit at the developed countries table. They are seeking to diverge from the building history of a hegemony built on values of individualism and exceptionalism and the entities already at the table know that the current trajectory cannot exist without that.China is a failed experiment where Marxism was imposed on a face culture without proper adjustment. This is well understood now and they are being resolved out of the game because they've made it apparent that they will not allow themselves to be brought to heel. They can't play in good faith.