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re: Do you think the current admin is purposely devaluing the US dollar?
Posted on 5/12/21 at 9:52 pm to Jack Daniel
Posted on 5/12/21 at 9:52 pm to Jack Daniel
the best way to destroy the capitalist system [is] to debauch the currency
Vladimir Lenin
Vladimir Lenin
0
Posted on 5/12/21 at 9:57 pm to Jack Daniel
If they were actually trying to help the country they’d be merely an extreme example of incompetence. But no, this is all done with specific purpose and that is to pave the way for their one world socialist utopia (where they believe they will still rule and live like kings of course).
Posted on 5/12/21 at 9:58 pm to Eli Goldfinger
quote:
It’s long been my thought that the government DGAF about the national debt because the plan to absorb it with inflation.
Higher interest rates go along with inflation. High interest rates would crush the ability to service the debt.
Posted on 5/12/21 at 10:00 pm to Jack Daniel
Trump started it.
Sure Biden is BAD but Trump ran this country on authoritarian, leftist policies for the most part. I can't believe people cheered on his tariffs, they must have forgot they were for small government and lower taxes...
Sure Biden is BAD but Trump ran this country on authoritarian, leftist policies for the most part. I can't believe people cheered on his tariffs, they must have forgot they were for small government and lower taxes...
Posted on 5/12/21 at 10:02 pm to Jack Daniel
If the US goes to a world currency, they can no longer print money. They do not want that
Posted on 5/12/21 at 10:09 pm to Jack Daniel
What’s the goal here? A devalued dollar against major world currencies is good for US exports, which helps the trade deficit. For global currency dominance, the Reminbi is poised to take over as the dominant world currency much like the dollar overtook the Pound.
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