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If you know Keynesian Macroeconomics then you know nothing about macro economics at all.Quote:
Originally Posted by Exit Strategy
As far as special positions go, they are in the same special position that bankrupted Briatain, Holland , Spain or any of the previous holders of the reserve currency. Tick tock tick tock
You speak against researched facts. Russia is very corrupted country. In europe, UK is amongst the least corrupted countries (as EU paper found out, also finding EU as a whole is extremely corrupted, people who made that paper are probably sacked now) together with Nordic countries. US is at same level with UK.Quote:
Originally Posted by pseudolus
For example this. I am not saying this is correct, it is about perceptions. Probably in the ballpark.
2012 Corruption Perceptions Index -- Results
No, it is a special place because it continues to deceive people by pretending they can ever do anything about the debt, which they can not, and create war after war to prop up the economy, and to ensure no one threatens their paper thin USD.Quote:
Originally Posted by Exit Strategy
Facts?Quote:
Originally Posted by Hawker
Are you one of the guys that bought the "Dollar is going to die next year" we see on websites? Sorry. Did you buy it how many years ago? I guess no money back, no guarantee, no vat, no...
Which wars actually helped US economy as a whole?Quote:
Originally Posted by pseudolus
All of them. They stopped events that would turn the USD into the Zimbabwean Dollar.Quote:
Originally Posted by Exit Strategy
I am sorry but it seems you have little understanding of economy. Otherwise I appreciate your input.Quote:
Originally Posted by pseudolus
I'm sorry, but you have little understanding of the economy. Otherwise, I kind of find your input acceptable, aside from coming across like a fox news opinion piece.Quote:
Originally Posted by Exit Strategy
Under 2 billion worth of manufacturing in an economy of 16 trillion+, that's what they call a house of cards, or Potjemkin's villages. For the first time in almost 150 years, the US are not the world's largest manufacturer anymore. The trend has continued since 2011, this year China might already be 50% stronger than America. Yet they indulge themselves with stirring up trouble in the Ukraine.Quote:
Originally Posted by pseudolus
https://teakdoor.com/images/imported/2014/05/989.jpg
The seppos just love to rehash that Russia alledgedly depends on natural resources and their exports. As usual, the US are doing themselves to a greater extent what they are accusing others of. Russia's energy production has levelled off for years.
https://teakdoor.com/images/imported/2014/05/990.jpg
https://teakdoor.com/images/smilies1/You_Rock_Emoticon.gif
You can say that nearly all of the GDP growth in the US under Obama is based on increased exploitation and import of oil, gas and coal, and to what cost to the environment. Also note the coincidence of increased oil production, and increasing gas prices.
And would you please stop refering to the UK as a force to be reckoned with economically and as military power unless it's a clear attempt on satire?
And the rain falls...
Can I spell it to you. It does not matter at all if you manufacture goods or not.Quote:
Originally Posted by Rainfall
It matters if you produce something customers pay for.
Every advanced society follows this exact same path, moving from manufacturing to intellectual. US, UK, Canada, Australia, NZ, Northern Europe, Japan, South Korea, Taiwan, Singapore are the vanguards. Also the richest nations.
But you old euro hammer, there is just US and then there is UK who have the real power with China coming up (did you read research report I posted earlier stating UK is second and only global world power after US?).Quote:
Originally Posted by Rainfall
Nobody cares about Germany. Why do you think nobody asks Germany (or rest of euros) about anything when big things happen. You will be told. When you need to know. And it is for your own benefit, btw.
Rinse and RepeatQuote:
Originally Posted by Rainfall
Rule Britannia - Britain still second strongest global power in the world, says study
You need to learn to read correctly. Why would you be stupid enough to think that even is possible?Quote:
Originally Posted by Rainfall
It does, doesn't it. The US trade deficit last year was a cnut hair under half a trillion dollars. Good luck.Quote:
It matters if you produce something customers pay for.
I am not worried. US is very competitive market economy and will adjust and survive when the market changes. Unlike euros, hey let's do central government and commissars ussr style, 5 year plans are cool. NotQuote:
Originally Posted by Zooheekock
Emerging economies of europe who otherwise might have a chance are put down by the EU, after they reach a point where subsidies are less important than free trade.
Alright, the German billion is your trillion, frequent mistake of people who use long scale. Celebrate your great victory. 2 trillion out of 16 trillion still is disproportionately little.Quote:
Originally Posted by bsnub
I read that the top American law firm took in $ 2.44 billion in 2012, and the largest of the UK £ 1.195 in 2013. Let's stay in seppoland and estimate the combined revenue of all the millions of American attorneys at say $ 1 trillion. That's an industry growing at 10% annually. Private security and military services too, and their combined revenues might also be in the range of $ 1 trillion. Just out of interest, are they included in the GDP? :mid:
Oh, now this is comical :smileylaughing: .. A major reason they lost the war was their lack of energy resources..Quote:
Originally Posted by HawkerGermany was producing synthetic fuels and oil from nat gas and coal. They were not just feeding off of some big tank of oil that wa already pulled out of the ground.Quote:
Originally Posted by FloridaBorn
Germany did exactly what the US has been doing since 1970. Every time the Nazis would take over a country, they would peg that countries currency lower then theirs in order to funnel resources into Germany, creating a one way trade deficit which didn't stop till the last days of the war.
The US is in the same position that old reserve currency powers were in circa Britain. So it will happen in the next 10 years or so. Seems like you wake up in the morning and celebrate that the dollar lived another day. :rolleyes:Quote:
Originally Posted by Exit Strategy
That is the main reason. But it was not because they lacked a strategic oil reserve. I still can't believe you think that each war power had a pool of oil and whoever had the biggest pool at the start won. :smileylaughing:Quote:
Originally Posted by FloridaBornOh, now this is comical :smileylaughing: .. A major reason they lost the war was their lack of energy resources..Quote:
Originally Posted by HawkerGermany was producing synthetic fuels and oil from nat gas and coal. They were not just feeding off of some big tank of oil that wa already pulled out of the ground.Quote:
Originally Posted by FloridaBorn
Germany did exactly what the US has been doing since 1970. Every time the Nazis would take over a country, they would peg that countries currency lower then theirs in order to funnel resources into Germany, creating a one way trade deficit which didn't stop till the last days of the war.
Shuffling paper and putting sand in the gears of the real production in the world. That is the US specializes in. Only when they lose reserve currency status, does it endQuote:
Originally Posted by RainfallAlright, the German billion is your trillion, frequent mistake of people who use long scale. Celebrate your great victory. 2 trillion out of 16 trillion still is disproportionately little.Quote:
Originally Posted by bsnub
I read that the top American law firm took in $ 2.44 billion in 2012, and the largest of the UK £ 1.195 in 2013. Let's stay in seppoland and estimate the combined revenue of all the millions of American attorneys at say $ 1 trillion. That's an industry growing at 10% annually. Private security and military services too, and their combined revenues might also be in the range of $ 1 trillion. Just out of interest, are they included in the GDP? :mid:
Hmm.. Telling that you can agree and yet STILL not get the overall point and laugh at the facts..Quote:
Originally Posted by HawkerThat is the main reason. But it was not because they lacked a strategic oil reserve. I still can't believe you think that each war power had a pool of oil and whoever had the biggest pool at the start won. :smileylaughing:Quote:
Originally Posted by FloridaBornQuote:
Originally Posted by HawkerGermany was producing synthetic fuels and oil from nat gas and coal. They were not just feeding off of some big tank of oil that wa already pulled out of the ground.Quote:
Originally Posted by FloridaBorn
Germany did exactly what the US has been doing since 1970. Every time the Nazis would take over a country, they would peg that countries currency lower then theirs in order to funnel resources into Germany, creating a one way trade deficit which didn't stop till the last days of the war.
Oh, now this is comical :smileylaughing: .. A major reason they lost the war was their lack of energy resources..
Please get this through your head. The USs strategic oil reserve wil fuel the US army for one month. It doesn't give the US leverage against Russia. It does not give a debtor nation leverage against a creditor nation. It does not give a trade deficit nation leverage against a trade surplus nation. It means nothing.Quote:
Originally Posted by FloridaBornHmm.. Telling that you can agree and yet STILL not get the overall point and laugh at the facts..Quote:
Originally Posted by HawkerThat is the main reason. But it was not because they lacked a strategic oil reserve. I still can't believe you think that each war power had a pool of oil and whoever had the biggest pool at the start won. :smileylaughing:Quote:
Originally Posted by FloridaBornQuote:
Originally Posted by HawkerGermany was producing synthetic fuels and oil from nat gas and coal. They were not just feeding off of some big tank of oil that wa already pulled out of the ground.Quote:
Originally Posted by FloridaBorn
Germany did exactly what the US has been doing since 1970. Every time the Nazis would take over a country, they would peg that countries currency lower then theirs in order to funnel resources into Germany, creating a one way trade deficit which didn't stop till the last days of the war.
Oh, now this is comical :smileylaughing: .. A major reason they lost the war was their lack of energy resources..
Wow
Russia just said it was forced to react. And sanctions isn't their way. So they did a nuclear ballistic missile test
WOW! Once again pulling "facts" out of the sky and proving you really do not have a clue what you are talking about.Quote:
Originally Posted by Hawker
The Nazis lost WWII because they bit off more than they could chew. Operation Barbarossa was a huge mistake but even worse was the Japanese bringing the USA into the war just a few months later.
I can just imagine Hitler, with troops storming through Russia, learning of Pearl Harbour and crying " W-T-F !!?? "
As for the Dollar. It is certain to continue losing value as currency devaluation is one way countries try to escape debt, but there really isn't another currency to replace it that doesn't have the same problems or worse. As a reserve currency I believe we are stuck with it, but as an investment it is lousy.
Putin? He's a pussy compared with Stalin, but he's got the better of Obama. Like that is difficult..... He does have some interesting hobbies though:
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Finally, a sensible post in this thread.Quote:
Originally Posted by Thormaturge