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SignUp Now!Your take on this is right on. Consider that typical govt. policy as compared to the Amazon news earlier. Amazon can down size in a week. Govt. can never downsize.The Australian Central Bank last week stated they are Bankrupt. The Covid Policies Bankrupted Australia, and they said they would print their way out. These people are all insane. Instead of laying off government workers, ending useless government programs and down sizing governments to suit income. They will continue their piracy and plunder of the tax payer.
In my humble opinion, Trump was a pussy. He should have ended as many Departments as possible that are not mandated in the Constitution. DC for example has no business in Education. The reason Universities are shit and teach useless shit an cost so much for students is because they are funded by DC. Just one example.Your take on this is right on. Consider that typical govt. policy as compared to the Amazon news earlier. Amazon can down size in a week. Govt. can never downsize.
Everyone is piling on Jimbo and aggie
Couldn't you smell the skunk? I smell it everywhere when people open their doors of their cars or houses. if I were a thief I could be rich just from taking a handful of ganja I've seen over the years in people's houses and apartments. Went into an apartment in Waco and a man was breaking down a kilo of pot into baggies. I was inside for 10 minutes and he never looked at me.My next door neighbor just got arrested for growing marijuana.
I guess my property line isn't where I thought it was.
Yea the fucking economy and the world's economy!
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
I’m illiterate when it comes to economics. The dollar is losing value at home but gaining internationally. Is this because those dollars internationally are coming back home by other countries selling off?
Basically, is it that there are less dollars in circulation globally which increases the dollar value outside of the US while there’s an influx of money coming home which causes a loss of value at home?
I’m illiterate when it comes to economics. The dollar is losing value at home but gaining internationally. Is this because those dollars internationally are coming back home by other countries selling off?
Basically, is it that there are less dollars in circulation globally which increases the dollar value outside of the US while there’s an influx of money coming home which causes a loss of value at home?
There’s a lot of variables at play.I don't know jack either but it seems that other currencies are in a free fall and by default, the $ is getting stronger.
You are correct in that dollars held international will at some point come home and they'll be making a killing, but wouldn't it devalue the $ when that happens?
I thought the Fed printing presses have been running non stop for the last decade or so. Not sure how much they are pulling out of circulation to offset that. Thus,, inflation.
The financial markets confuse the hell out of me. Only thing I can surmise is that everything is linked together and any move central banks make at this point backfires.
There’s a lot of variables at play.
Key driver to US strength is rate hikes. The Fed is hiking rates faster than other currencies, so more yield is earned holding dollars. This is important to note as markets tumble- where do you put cash?
Additionally, in global turmoil, cash is moved to “safe” currencies where there is less volatility, historically that’s the USD and JPY.
With JPY collapse, the USD is all that’s left. This is all creating dollar demand. Specifically RE turmoil, the US has been mostly shielded from the European chaos: Russia, energy etc.
Finally, USD strength is great for consumers who buy stuff from overseas but terrible for local manufacturing as it makes them less competitive overseas: their costs are higher in USD and must sell goods for more.
Another wrinkle is that US companies that have earned revenue overseas at some point will need to bring that money back, however, they’ll now get crushed on the exchange rate. Imagine you had 50MM GBP in the bank with an expected exchange rate of 1.30-1.35 that you would repatriate and distribute to share holders / pay US costs.
If that exchange rate is now 1.10, you’ve just lost ~20% value in your cash.
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So, Truth Social has gone full blown Q. Devin, Kash, Trump, all of them aren’t even pretending anymore. What day you guys??
Not your bullion not your gold - paper gold is to wipe your ass
Financial reset just talk for us conspiracy theorists. Not something that’s considered in the markets(at the time). Couldn’t even imagine what that would look like, but would certainly be easier to do with 15% interest and crashing markets complemented with wild inflation.Thanks for the professional insight. Based on what you are seeing, you hear talk of a financial reset(both good and bad), is it inevitable that this happens?