Are tens of millions of Americans about to experience devaluation of the dollar?

Discussion in 'Economics & Trade' started by DennisTate, Sep 26, 2017.

?

What percentage of their saving will Americans lose if the dollar is devalued?

  1. 0 percent

    7 vote(s)
    38.9%
  2. 1 - 10 percent

    3 vote(s)
    16.7%
  3. 11- 20 percent

    0 vote(s)
    0.0%
  4. 21 - 30 percent

    2 vote(s)
    11.1%
  5. more than thirty percent of their savings.....

    6 vote(s)
    33.3%
  1. DennisTate

    DennisTate Well-Known Member Past Donor

    Joined:
    Jul 7, 2012
    Messages:
    31,666
    Likes Received:
    2,631
    Trophy Points:
    113
    Gender:
    Male
    President Trump and his team need to take a serious look at what was done by Canadian Prime Minister Mackenzie King back in 1940.

    I consider this an example of how Federal Reserve policy could be tweaked and improved in a way that will make some necessary mega - projects quite possible.


    http://bankingsystemsflaws.blogspot.ca/


    http://www.michaeljournal.org/appenB.htm
     
  2. DennisTate

    DennisTate Well-Known Member Past Donor

    Joined:
    Jul 7, 2012
    Messages:
    31,666
    Likes Received:
    2,631
    Trophy Points:
    113
    Gender:
    Male
    If our political leaders decide that it is necessary to begin turning deserts green on a massive scale...... all we have to do is take another look at the way that money is created and voila...... in theory we could finance turning the nation of Jordan green..... which would positively alter not only the economic situation in the Middle East but the political environment as well.

    We Canadians are somewhat forced to lead the charge because some of our towns experience a fifteen to sixteen meter rise in ocean levels between low to high tide. (Along the Bay of Fundy where the tidal waters are funnelled by the land form).

    The average is only one meter so...... we are probably going to be hit by rising ocean level first. We are forced to get people talking about this.

    http://www.politicalforum.com/index.php?threads/jamie-baillie-nova-scotia-israel-and-jordan.506627/

    Jamie Baillie, Nova Scotia, Israel and Jordan.
     
    Last edited: Sep 28, 2017
  3. Iriemon

    Iriemon Well-Known Member Past Donor

    Joined:
    May 12, 2009
    Messages:
    82,348
    Likes Received:
    2,657
    Trophy Points:
    113
    I'm not familiar with Canada's monetary system, so I can't comment on it.

    But I don't see how that translates in a real estate boom paying off the debt.
     
    DennisTate likes this.
  4. Iriemon

    Iriemon Well-Known Member Past Donor

    Joined:
    May 12, 2009
    Messages:
    82,348
    Likes Received:
    2,657
    Trophy Points:
    113
    And that translates in a real estate boom paying off the debt how?
     
    DennisTate likes this.
  5. DennisTate

    DennisTate Well-Known Member Past Donor

    Joined:
    Jul 7, 2012
    Messages:
    31,666
    Likes Received:
    2,631
    Trophy Points:
    113
    Gender:
    Male
    The Bank of Canada has been owned by all Canadians since 1913.

    From 1940 - 1974 we used our own bank to finance infrastructure projects at zero or one percent interest.

    This is a rather simple solution that could be applied in America......... in a way.... recent Federal Reserve policy might perhaps have been an attempt to delay that from happening.
     
  6. Iriemon

    Iriemon Well-Known Member Past Donor

    Joined:
    May 12, 2009
    Messages:
    82,348
    Likes Received:
    2,657
    Trophy Points:
    113
    That's interesting but the Fed has already had a policy of keeping interest rates very low.

    How does that translate into a real estate boom paying off the national debt?
     
    DennisTate likes this.
  7. DennisTate

    DennisTate Well-Known Member Past Donor

    Joined:
    Jul 7, 2012
    Messages:
    31,666
    Likes Received:
    2,631
    Trophy Points:
    113
    Gender:
    Male

    Here is quotation from a pretty major leader in the pro-Trump movement:


    .... Pastor Rick Joyner:
     
    Last edited: Sep 28, 2017
  8. Iriemon

    Iriemon Well-Known Member Past Donor

    Joined:
    May 12, 2009
    Messages:
    82,348
    Likes Received:
    2,657
    Trophy Points:
    113
    Very interesting. But how does that explain how a real estate boom can pay off the national debt?

    Try to focus on that issue first. After we resolve that, we can move onto something else.
     
    Last edited: Sep 28, 2017
  9. DennisTate

    DennisTate Well-Known Member Past Donor

    Joined:
    Jul 7, 2012
    Messages:
    31,666
    Likes Received:
    2,631
    Trophy Points:
    113
    Gender:
    Male

    One possibility is that Trump supporters can take the Cyrus myth......
    and make it shockingly real......

    Beliefs can fuel our actions......

    https://www.blueletterbible.org/kjv/isa/45/1/s_724001

    Isaiah 45:13

    "I have raised him up in righteousness, and I will direct all his ways: he shall build my city, and he shall let go my captives, not for price nor reward, saith the LORD of hosts."

    I am of the belief that the city of Jerusalem is the key to the greatest economic boom that the earth has ever seen. A true Jubilee.......!

    http://www.politicalforum.com/index...nyahu-lets-get-into-the-production-of.423385/

    P. M. Benjamin Netanyahu, let's get into the production of....

    .... semi reality science fiction film projects that are partly financed through alternative local currencies, and/or State currencies, and/or community currencies......... that address specific problems that human beings are facing now in 2015?
     
  10. DennisTate

    DennisTate Well-Known Member Past Donor

    Joined:
    Jul 7, 2012
    Messages:
    31,666
    Likes Received:
    2,631
    Trophy Points:
    113
    Gender:
    Male
    Christians and Jews have been behaving in ways that tends to bankrupt each other ever since the Bar Kochba Revolt but......
    in our time we can begin to cooperate and the positive ripple effect will be much greater than expected. The years 2030 and 2070 are huge!


    http://www.politicalforum.com/index...st-expensive-way-to-stabilize-climate.288721/

    Rebuilding of Jerusalem Third Temple may be least expensive way to stabilize climate?
     
  11. DennisTate

    DennisTate Well-Known Member Past Donor

    Joined:
    Jul 7, 2012
    Messages:
    31,666
    Likes Received:
    2,631
    Trophy Points:
    113
    Gender:
    Male

    Total paradigm shift.... can pay off the national debts of all nations........

    http://www.politicalforum.com/index...on-could-bring-world-out-of-recession.406872/

    Artistic Hollywood style "Armageddon" could bring world out of recession?!

    ......

    My aristocratic ancestors set this whole thing up in a way that was designed to preserve their privilege. This was actually very un-American of us!

    http://www.politicalforum.com/index...-owe-america-an-apology-for-1750-1783.514517/

    Do we Canadians owe America an apology for 1750 - 1783?

     
  12. Iriemon

    Iriemon Well-Known Member Past Donor

    Joined:
    May 12, 2009
    Messages:
    82,348
    Likes Received:
    2,657
    Trophy Points:
    113
    I don't know if you are just playing games, or have a serious case of attention deficit disorder. But you obviously are not interested in actually discussing the things you post. I've wasted enough of my time.
     
    DennisTate likes this.
  13. Pollycy

    Pollycy Well-Known Member

    Joined:
    Sep 24, 2008
    Messages:
    29,922
    Likes Received:
    14,183
    Trophy Points:
    113
    Gender:
    Male
    I understand the "damned-if-you-and-damned-if-you-don't" aspect of this whole "Better the devil you know" paradigm, Iriemon, but unfortunately, the Federal Reserve acts in collusion with other big-league international central banks -- in particular, the European Central Bank, and The Bank of England, as I'm pretty sure you now. Oh, and don't forget the International Monetary Fund, run almost singlehandedly by Managing Director, Christine Lagarde....
     
  14. Iriemon

    Iriemon Well-Known Member Past Donor

    Joined:
    May 12, 2009
    Messages:
    82,348
    Likes Received:
    2,657
    Trophy Points:
    113
    The dollar is the de facto international currency. That gives us certain advantages. But it requires coordination with foreign banks, which also hold and transact trillions in US dollars.
     
    DennisTate likes this.
  15. Pollycy

    Pollycy Well-Known Member

    Joined:
    Sep 24, 2008
    Messages:
    29,922
    Likes Received:
    14,183
    Trophy Points:
    113
    Gender:
    Male
    As usual with things germane to economies, you are correct! But I worry about recurring reports that both Russia and China are trying, slowly but surely, to replace the U. S. Dollar with a "basket-of-currencies", or something else. This effort seems to have been growing for about the past two years especially.
     
    DennisTate likes this.
  16. DennisTate

    DennisTate Well-Known Member Past Donor

    Joined:
    Jul 7, 2012
    Messages:
    31,666
    Likes Received:
    2,631
    Trophy Points:
    113
    Gender:
    Male
    President Trump is obviously out to reform the United Nations.

    If the new and improved United Nations had a better goal in mind.....
    other than simply milking the USA and the wealthy nations for every cent they can get out of them.... then a lot of progress could be made.

    The U. N. of the recent past was all excited about the money they could make off a carbon tax... but a U. N. dedicated to turning deserts green........ and using cattle and other animals to get carbon out of the atmosphere and into the soil....... ast Tony Lovell advocates....
    would perhaps accomplish quite a lot.


    http://www.politicalforum.com/index...-fast-enough-to-address-wais-collapse.443154/

    A carbon tax will NOT work fast enough to address WAIS collapse.
     
  17. DennisTate

    DennisTate Well-Known Member Past Donor

    Joined:
    Jul 7, 2012
    Messages:
    31,666
    Likes Received:
    2,631
    Trophy Points:
    113
    Gender:
    Male

    Thank you for verifying the entire point of this discussion.

    China and Russia are worthy opponents indeed who should not be underestimated.

    Especially when they happen to be doing some things better than we are.

    http://www.politicalforum.com/index.php?threads/russia-says-no-to-gmo-seeds.466314/

    Russia Says No to GMO Seeds


    http://russia-insider.com/en/busine...-aims-food-supply-thats-cleanest-world/ri8790

    Russia Says No to GMO Seeds, Aims for Food Supply That's 'Cleanest in the World'

     
  18. Econ4Every1

    Econ4Every1 Well-Known Member

    Joined:
    Jan 3, 2017
    Messages:
    1,402
    Likes Received:
    302
    Trophy Points:
    83
    The Fed is a bank for banks, it does not make investments or loans to private businesses.
     
    DennisTate likes this.
  19. Econ4Every1

    Econ4Every1 Well-Known Member

    Joined:
    Jan 3, 2017
    Messages:
    1,402
    Likes Received:
    302
    Trophy Points:
    83

    Look up Lysenkoism.
     
    DennisTate likes this.
  20. DennisTate

    DennisTate Well-Known Member Past Donor

    Joined:
    Jul 7, 2012
    Messages:
    31,666
    Likes Received:
    2,631
    Trophy Points:
    113
    Gender:
    Male

    Wow!!!!!!!!!!!!!!!

    https://en.wikipedia.org/wiki/Lysenkoism
    Joseph Stalin met a man in the 1930's who greatly alter his view of the world.

    His name was Wolf Messing. He claims to have had the ability to project his thoughts so powerfully that
    he could cause German soldiers to see him........ as a decorated German officer..... and thus he was able to
    escape from German and walked all the way to Moscow.

    Messing astonished Stalin by all the other things that he could do. He had at least some corresponding abilities to Uri Geller.

    I suspect that it may have been due to Messing's influence that Russia got ahead of the USA in a type of research that Ingo Swann managed to convince the CIA to take more seriously.

    https://en.wikipedia.org/wiki/Ingo_Swann
     
  21. DennisTate

    DennisTate Well-Known Member Past Donor

    Joined:
    Jul 7, 2012
    Messages:
    31,666
    Likes Received:
    2,631
    Trophy Points:
    113
    Gender:
    Male
    True... but Monsanto is hard to stop......
    and Big Pharma is attempting to "shoot the moon or go for control" if you happen to
    play Bill Gates' favourite card game, hearts.

    In part 2 of the Burzynski movie...... a high level member of the Obama administration is quoted as
    admitting that he loved this particular cure for brain cancer but............
    he felt that Wall Street could be so negatively impacted that the results could
    turn out to be worse than 2008.......... So he would not use his influence to
    try to stop the highly unethical suppression of the only PROVEN cure for various types of
    brain cancers.

    http://www.burzynskimovie.com/synopsis/#.Wc4KLxNSyV4
     
  22. DennisTate

    DennisTate Well-Known Member Past Donor

    Joined:
    Jul 7, 2012
    Messages:
    31,666
    Likes Received:
    2,631
    Trophy Points:
    113
    Gender:
    Male
  23. Econ4Every1

    Econ4Every1 Well-Known Member

    Joined:
    Jan 3, 2017
    Messages:
    1,402
    Likes Received:
    302
    Trophy Points:
    83
    Easy....
    (1) as an instrument of fiscal policy to help stabilize the purchasing power of the dollar;
    (2) to express public policy in the distribution of wealth and of income as in the case of the progressive income and estate taxes;
    (3) to express public policy in subsidizing or in penalizing various industries and economic groups; and
    (4) to isolate and assess directly the costs of certain national benefits, such as highways and social security.

    Source: (“Taxes for Revenue are Obsolete” in 1946, and “Tax Policies for Prosperity” in 1964)

    Edit, I posted this before I read your link BTW...After reading it, I posted the same answer in that thread.
     
    Last edited: Sep 29, 2017
    DennisTate likes this.
  24. wgabrie

    wgabrie Well-Known Member Donor

    Joined:
    May 31, 2011
    Messages:
    13,889
    Likes Received:
    3,080
    Trophy Points:
    113
    Gender:
    Male
    Dennis I voted 0%.

    Savings? What savings??? Nobody has any savings in America. We're all broke. There's nothing left to lose.
     
    DennisTate likes this.
  25. DennisTate

    DennisTate Well-Known Member Past Donor

    Joined:
    Jul 7, 2012
    Messages:
    31,666
    Likes Received:
    2,631
    Trophy Points:
    113
    Gender:
    Male
    You know something.... that is an important point.......
    the biggest losers in the event of a massive devaluation of the dollar...could actually be banks.......
    who would receive payment on those loans in devalued currency......... that is interesting indeed?!
     
    Last edited: Oct 1, 2017

Share This Page