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

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

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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. Deckel

    Deckel Well-Known Member Past Donor

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    There won't be an official devaluation of the dollar. We, however, perpetually debase the US dollar systematically. It is how we monetize the national debt.
     
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  2. DennisTate

    DennisTate Well-Known Member Past Donor

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    True......
    and what do you think of this comment?

     
  3. Deckel

    Deckel Well-Known Member Past Donor

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    Dip against whom? It is all relative. The dollar might slide against say the Yuan over the tensions, but might very well simultaneously advance against something like the Euro if something happens there at the same time now that the post-modern neo-nazi lite party has picked up 13% of their legislative seats. The problem is that the currency exchange rates are so highly manipulated by the banks, nothing that happens there is a natural by-product of anything other than the money-changers will to skim off the top.
     
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  4. DennisTate

    DennisTate Well-Known Member Past Donor

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    This is certainly encouraging.......


    Mark Taylor:
     
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  5. DennisTate

    DennisTate Well-Known Member Past Donor

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    I think that you are correct.......
    the USA petro - dollar will NOT experience significant devaluation.......
    or if it does devalue by perhaps ten percent.......
    this will only last a number of months until
    America, Israel, Canada, Australia and several other allied nations
    figure out a way to divert the four point three trillion USA petro- dollars in a manner that
    is win - win - win - win - win - win - win for 99.9% of Americans......
    and a similar percentage of residents of her genuine allies..........

    Frankly...... enemy nations to America will soon benefit from the surge in
    improved economic activity in America.....



    P. M. Netanyahu, President Trump has a 4.3 trillion dollar problem....

    ........

    I have many biases....
    and one of my major ones is that there is a positive side to the threat of rising ocean levels......
    it has the potential to unite us around a common goal of lowering ocean levels
    deliberately....... through large scale desalination of ocean water for agriculture, reforestation
    projects as well as for cities and towns experiencing drought........


    Should Sorek 2 be in Australia or California?
     
  6. Liberty Monkey

    Liberty Monkey Well-Known Member

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    US currency is unusually strong a drop simply reflects this and brings it more inline with what it was prebrexit.

    Any losses in savings are only artificial gains in the first place.

    This is the only reason California became the 5th largest economy in the world and it will return to it's natural level ~9th or 10th.
     
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  7. Econ4Every1

    Econ4Every1 Well-Known Member

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    So all the lying, the breaking of long-held ethical norms, the denials (that turn out to be true), the absolute moral failings....

    None of that bothers you?
     
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  8. DennisTate

    DennisTate Well-Known Member Past Donor

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    Not much........... I am really into situation ethics.......
    I consider that five billion infinitely precious human lives are at stake.......
    and I believe that President Donald Trump had no good choice other than to do what had to be done.....
    first.... to win the election and defeat Hillary........ (who I did not trust at all with such power).

    Now he has to defeat the political trap that President Obama and his team set up to
    destroy his Presidency..........

     
  9. DennisTate

    DennisTate Well-Known Member Past Donor

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    Good point....... something has to shift before this prediction can possibly come to pass:




    Could a real estate boom plus better Fed policy pay off USA national debt?
     
  10. Econ4Every1

    Econ4Every1 Well-Known Member

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    If that's the case and you still support Trump, may I say, respectfully,, you don't understand the situation.

    5 billiion? What about the other two billion?

    The road to hell is paved with best intentions.

    That is a figment of your imagination. All of the "destruction" going on around Trump is self-imposed.
     
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  11. Econ4Every1

    Econ4Every1 Well-Known Member

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    That's literally impossible. No amount of good business can repay the debt. In fact, the more productive we get and the more business we do, the greater the debt will get. That's a fact.

    If the debt does not grow but out productive capacity does, it will simply increase unemployment and lower the standard of living.
     
  12. Pollycy

    Pollycy Well-Known Member

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    Trump never was "my guy", but, with all his, uh, indelicacies and gaffes, I'd take him over one more day of ex-prez "Messiah" Obama or that reckless, ignorant, STOOPID criminal who wanted to take his place with no better credentials than that she possesses a vagina....

    upload_2018-6-5_11-50-49.jpeg . "Yeh, but I didn't need to have my server inside a SCIF! I'm SPECIAL!"
     
  13. delade

    delade Well-Known Member

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    Iran is thinking of going back to the toman currency from its current rial currency. The Iranian Government has already passed the bill. Now it's up to Iranian Parliament to decide if they are or are not. It has been in their decision making agendas since 2016.


    Some expected the change to occur in 2017 but has not been done yet.
     
    Last edited: Jun 5, 2018
  14. Econ4Every1

    Econ4Every1 Well-Known Member

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    I'm no fan of Hillary, but the thing that bothers me about Trump is how he blatantly lies about things that are false to cover his own ass. Nepotism and appointing loyalists rather than people who are best qualified. How the buck always stops somewhere other than with him. How his manipulation and lies are taking its toll on our institutions. He is literally changing the culture for the worse. The Consitution is just a paper with words on it. It's our respect for it the values that it seeks to promote that gives it power. Now I admit, that it's been eroded over time by virtually every administration over the last 100 years (some more than others), but he has exploited every seem, every crack and every weakness for his own gain.
     
  15. JakeJ

    JakeJ Well-Known Member Past Donor

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    Why is it that everyone who claims they can predict the future always predict doom? That seems part of the act.
     
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  16. DennisTate

    DennisTate Well-Known Member Past Donor

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    I admit that I cannot fully understand the situation going on around President Trump..... .much of it is far, far, far, far, far above my Security Clearance Level and pay scale!

    I used the number five billion....... because I do not believe that all eight billion are in grave danger just yet..... but about seventy percent of them are.

    I admit that believing very firmly in the predictions made by Mr. Mark Taylor may sound a little crazy......... (or even a lot crazy)........ but I really do believe that what he is predicting is one of the only ways out of the very, very serious mess that America and the whole world are in!

    Hillary was just too cozy with Mr. George Soros......
    who could do an Academy Award winning job of playing the role of DrEvil.....
    without trying very hard!

    Warren Buffet and George Soros vs Mark Taylor and CrazyTate?

    https://totalwealthresearch.com/ric...-gamble-bet-u-s-collapse-warns-cia-economist/

    Buffett’s $55 Billion Gamble is a Bet on U.S. Collapse, Warns CIA Economist
     
    Last edited: Jun 5, 2018
  17. DennisTate

    DennisTate Well-Known Member Past Donor

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    I personally am NOT predicting DOOM.....
    as you can see from the opening post in this discussion that I began yesterday:

    Will we have a nuclear war?


    I even believe that a potential economic crash can be avoided.......
    but some courageous actions are required........
    some of the people who really do understand what is going on are going to have to make some risky and ethical choices......

    Even economically.... I do believe that the impending disaster can be turned into the foundation for the greatest economic boom that the USA and the world have ever seen.....

    http://www.politicalforum.com/index...ge-soros-vs-mark-taylor-and-crazytate.515832/



    https://www.near-death.com/experiences/notable/howard-storm.html#a04
     
    Last edited: Jun 5, 2018
  18. Pollycy

    Pollycy Well-Known Member

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    I, too, wish that Trump would have 'left his children at home'. And I know from so many years spent working with large government prime contractors that a lot of his bluster and blow is merely part of his 'big-biz' work-smithing. You probably know the drill, too. You're in negotiations with a though opponent. So, you feint, fake, bluster, bully, and 'shadow-box', knowing that he will do the same thing. This is what I see the Chinese and the North Koreans doing, and unfortunately, nearly all American presidents have been 'deer-in-the-headlights' when dealing with it. But Trump's different. He's been involved in high-stakes gambles all his life.

    Now he's not just jockeying for real estate, trying to get a zoning variance, or a better tax deal, or something of that nature. Now he's trying to fundamentally change the entire business relationship between the United States and other nations of pivotal importance to our country, one way or another. The situation is even more difficult and tedious in his dealings with liberal Democrats, who quite obviously hate his guts.

    But I don't see Trump trashing the Constitution, which is exactly what Obama did when he foisted a completely unconstitutional health care mandate on us. Because it would have illegally forced people to buy 'goods or services', merely because they were citizens of the U. S., it was right on track to be thrown out by the Supreme Court when, mysteriously, Chief Justice Roberts decided, all by himself, to completely re-write Obamacare as a TAX, and no longer as a MANDATE. Roberts' having done that was also unconstitutional because only Congress can introduce and pass legislation -- NOT the Supreme Court, the President of the United States, or anyone else. So, Trump marshaled his forces and set the stage to get RID of Obamacare. Do you really disapprove?

    So, while Trump was never 'my guy', because of what he's gotten done already, I still prefer him to Obama, or, any Democrat who was running for the presidency in 2016. For me, that particular decision was not even difficult to make, even though I would have greatly preferred for Rick Perry to have become president.

    [​IMG] . Ah, what MIGHT have been.... :lonely:
     
    Last edited: Jun 5, 2018
  19. yardmeat

    yardmeat Well-Known Member

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    Trump himself has gone back and forth over whether he wants a stronger dollar or a weaker dollar, just as he has gone back and forth on whether he wants higher American wages or lower American wages. In the long run, both paths have their positive and negative sides and I don't think it is worth having the government intervene in trying to force things one way or another.
     
  20. Durandal

    Durandal Well-Known Member Past Donor

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    Yeah, 0bamacare is an abomination of a law. Of course, it's also a product of the insurance and health care industry as much as it is of 0bama's administration. The wealthy run the country today, because they have the power (wealth) to control the government. They have the loudest voice, and they regularly cross over personally between private sector and government positions as well. Both parties serve them above us. In fact, they are them.

    It would be interesting to see a non-wealthy person do what Donald did and take over one of the major parties, but then, the non-wealthy do not have the time and resources to devote to such campaigns. Our politics are, after all, completely controlled by money. If you're not wealthy, you will have no voice and get no attention, and you sure as hell will not make it to a DNC or GOP primary, let alone get the nomination. The only alternative is working your way up from lesser offices, going from local to state to federal, or something along that line, but then, you will be changed by the time you make it. You'll be Bernie Sanders. :/
     
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  21. Pollycy

    Pollycy Well-Known Member

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    Unfortunately, everything you say is true. All my long life it seems that we Americans have had little more than our choice between one political 'machine' or another. More recently we've had our choice between the Bush 'machine' or the Clinton 'machine', and their subsidiary 'machines', which consist of alternately radical-liberal, radical-conservative, and/or barely-distinguishable, 'moderate' MUSH.

    The older I get, the more disenchanted I become with the ENTIRE spectrum of American politics. The best use for one's energies is in securing one's own security, independence, and prosperity. It sounds insular and bleak, but there is also considerable peace, contentedness, and even joy in erecting solid barriers that keep a savagely disgusting, and often unfair pack of political opportunists from ruining your own personal happiness.

    Hint: in a civilization dominated by free-market capitalism, the smartest thing to do is to amass enough wealth to be able to enjoy the life you have chosen, without the necessity to rely on any damned government, and to keep the political classes, of both the Left and the Right, from stealing everything you have. During my life, it's been possible to achieve this, and, with luck, it may be possible to keep the 'government' at bay for about another twenty years. And by then, with any luck, I'll be dead.... :angel:
     
  22. Durandal

    Durandal Well-Known Member Past Donor

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    It is not as bleak as so many possible and historical alternatives. If we're awesome people, we might add some activism on top of what you've suggested in order to try and improve the situation for everyone. But yes, in the end, in this system, we are forced to look out for #1. That is certainly the Conservative way. I guess they have the government they want today, but I don't know how they put up with the fully private health care system. Are all Conservatives rich? Because that's a system that demands high income or at least great benefits. Maybe they're happy thanks to Medicare and Medicaid, in addition to Social Security, and just like to pretend that these things are not socialism.
    [​IMG]
     
  23. Econ4Every1

    Econ4Every1 Well-Known Member

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    So here is a question for you....Just to create a dialogue.

    Can the US government create money (by crediting bank accounts with dollars) and provide health insurance?
     
  24. Pollycy

    Pollycy Well-Known Member

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    When you mash all the rhetoric and air bubbles out of it, Medicaid is nothing but handout government welfare!

    Medicare is something different altogether -- because Medicare is an EARNED benefit, into which workers are forced to pay all their working lives until they turn 65 years old.

    So you see, there is a huge difference in these two programs.
     
  25. Durandal

    Durandal Well-Known Member Past Donor

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    It's all fundamentally similar, though, in that government takes a part of your income and then redistributes it. This is pretty much all government does, in fact, beyond making laws and erecting institutions. Much of what it does is just taking and giving out money to achieve various ends. Medicare and Social Security are not the same as a personal health savings account or retirement account, are they? They are still government-managed. I don't know how they handle the balances, though. Do you only get out of Medicare what you pay into it?
     

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