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The coming collapse of the US dollar Archived From: Finance

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Btw, I'm not Japanese, please do not hate me. I do not like to suffer by your atrocities if not already. I just want to let you know GDP is not the right tool to look at the US economy overall, please take a look at the GNP, okay? OKAY?
BTW, Toyota did not ask to be supreme in the auto industry, okay? GM simply failed, and have to move all of their operation to China. That is why is lose it spot. Did you guys know that, GM deliberately design their cars like crap so it will broke down in a short period of time and you have to buy a new cars, more likely a GM if you are cheap. But will you continue to buy that crap if you already have the experience. That is why I have seen many people keep insisting to keep their dinosauric tanks with reply like "they do not make these like this anymore".


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Where does money come from?


Our money comes from treasury bonds which pay an interest rate. Our government borrows money every day. And it pays the interest on what it borrowed yesterday, last week etc.


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As for the China issue, overall the Chinese peasants didn't ask for it either. US corporations just like to use the cheap labor for more profits, or gaining a competitive edge, and their chairman and the party just want to have fatwallets. The so call cream on this kind of agreement is US build plants in China for exploited cheap labor, Chinese can learn how to build and later compete with the US.
Nobody gain from this issue, no one is foolish. The US will not give all of it technology, the Chinese will continue to build craps. Who want to work that hard for that much?
Seriously, I just do not understand the "plan".
In truth China is gesturing not only the US but all of the developed countries. Asking them to compete to exploit her, so her offsprings can learn and gain bit by bit from everyone and later kill all of them off, in term of market competition, not war, okay, OKAY, crazy Fs. I dont think China want a nuclear war that will end all of humanity either, just like the Russians.


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sweetbutter said:I do not understand why all the bashing on the Japanese corporations happen lately.
Who hates the Japanese? They're the boogeyman of the 80's and 90's. China is the new boogeyman. No one here hates Japan.

In fact, we should feel sorry for Japan, since they have triple the debt we do. And their exchange rate? 121.775/1 today versus 115.730/1 ten years ago today. Since it's triple our debt and they're not the world's default currency, their currency should have evaporated.... wait, that didn't happen? nevermind!


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WalStMonky said:So it doesn't bother you that the Japanese were able to purchase Rockefeller Center, lock, stock and barrel?
Yeah, dude, it's private property. Just because you get used to seeing it or like it does it mean you own it?


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I think sarcasm is flying over people's heads on this forum.

I didn't see any Japanese bashing or Japanese hating or blaming the Japanese for anything happening in the US. I saw some tongue in cheek joking about how "chicken littles" in the 80s said that Japanese would own the US by the end of the decade. I think the comments were to point out that didn't happen and the fears of today might not happen either.


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sweetbutter said:WalStMonky said:So it doesn't bother you that the Japanese were able to purchase Rockefeller Center, lock, stock and barrel?
Yeah, dude, it's private property. Just because you get used to seeing it or like it does it mean you own it?


It was a joke, please develop a sense of humor.


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Japan is our most trustable ally short of the U.K.


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Funny how most of the FWF forums are dedicated to teaching people to get out of debt, live within your means, don't spend more than you have, don't rely on credit cards and making interest payments, etc., etc. But when it's Uncle Sam doing it, every single responsible, prudent piece of investment advice gets turned upside down. Sure, keep spending more than you take in, keep borrowing more and more and more money, to the point that just the INTEREST you're paying is your second-largest budget item (just below your mortgage, and more than your car payment, for example).

It's amazing how people can be so inconsistent.

And why does Uncle Sam do this? NOT because it's better for our long-term health. Because Presidents are elected for 4 or max 8 years, and paying it back is SOMEONE ELSE'S PROBLEM - and the "someone else" is you and me. Why would they do unpopular things like raise taxes or reduce spending? Just borrow some more, it won't collapse right away, we have a few years left before we have to pay the piper. If you had the same deal, you'd buy a Ferrari too, and let someone else worry about paying it back.

What people need to realize is that savers like us essentially get taxed by the government. They are taking your money, every month, every year, and 99.5% of people don't know it. That $100,000 you worked so hard to save will only be worth $90,000 next year, and $80,000 the next, and so on - the US Dollar has lost 96% of its value since 1913 (the creation of the Federal Reserve system) - that's pretty close to being totally devalued. How? They print more money for themselves, and therefore your money is worth less - supply and demand, because you have more dollars chasing the same amount of "stuff" like land, food, gold, etc. But as long as the numbers in your bank account aren't going down, people don't realize what's happening. Just imagine if the gov't levied a 10% flat tax on all your savings every year - in addition to everything it already takes. There'd be a revolution, and rightfully so.


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ScootyPuffSr said:sweetbutter said:WalStMonky said:So it doesn't bother you that the Japanese were able to purchase Rockefeller Center, lock, stock and barrel?
Yeah, dude, it's private property. Just because you get used to seeing it or like it does it mean you own it?


It was a joke, please develop a sense of humor.

What? what? just all jokes? ooooh..oooh, okay. So all of this appeasing, promoting non Japanese as CEO, building plants in the US were for nothing? ohh okay, I go tell them.


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sweetbutter said:ScootyPuffSr said:sweetbutter said:WalStMonky said:So it doesn't bother you that the Japanese were able to purchase Rockefeller Center, lock, stock and barrel?
Yeah, dude, it's private property. Just because you get used to seeing it or like it does it mean you own it?


It was a joke, please develop a sense of humor.

What? what? just all jokes? ooooh..oooh, okay. So all of this appeasing, promoting non Japanese as CEO, building plants in the US were for nothing? ohh okay, I go tell them.



w......t.........f........ are you talking about. The comment you quoted was a joke. I never said some guy got discriminated against was a joke.

You seriously need to lighten up and learn how to communicate.

I bet you think when you get passed up for promotions it is because of discrimination and not the fact that you can't communicate with other humans in a clear and civil manner.


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sweetbutter said:ScootyPuffSr said:sweetbutter said:WalStMonky said:So it doesn't bother you that the Japanese were able to purchase Rockefeller Center, lock, stock and barrel?
Yeah, dude, it's private property. Just because you get used to seeing it or like it does it mean you own it?


It was a joke, please develop a sense of humor.

What? what? just all jokes? ooooh..oooh, okay. So all of this appeasing, promoting non Japanese as CEO, building plants in the US were for nothing? ohh okay, I go tell them.


bears repeating:

Who hates the Japanese? They're the boogeyman of the 80's and 90's. China is the new boogeyman. No one here hates Japan.

In fact, we should feel sorry for Japan, since they have triple the debt we do. And their exchange rate? 121.775/1 today versus 115.730/1 ten years ago today. Since it's triple our debt and they're not the world's default currency, their currency should have evaporated.... wait, that didn't happen? nevermind!


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sweetbutter said:ScootyPuffSr said:sweetbutter said:WalStMonky said:So it doesn't bother you that the Japanese were able to purchase Rockefeller Center, lock, stock and barrel?
Yeah, dude, it's private property. Just because you get used to seeing it or like it does it mean you own it?


It was a joke, please develop a sense of humor.

What? what? just all jokes? ooooh..oooh, okay. So all of this appeasing, promoting non Japanese as CEO, building plants in the US were for nothing? ohh okay, I go tell them.
Oh no, I just talked with them, and you know what they said? " It's too late", that's right. It too late, money are poured into investment, do you think they can reverse that brick laying? huh, do you? Do you think it's ethical to remove the CEO? huh? simply because he's non Japanese?
"sir, you just got demoted because you are white", "you are simply do not have enough experiences with this company." etc.
"sir, I'm going to have ask you to return 1.99 of bricks I just purchased from you..yeah, it for the plant construction..yeah we decided not to build it since there are no logic or incentives into building it" etc.
"sir, I'm going to have laid you off..yeah, please stop laying bricks...it is not necessary to do it anymore...yeah, you have to get off the premises in 30 days, we are selling the land back to the state...etc, nevermind the contract, it was just fun paper, nothing valid in the court of law."
Your comment reflect what you are, can you swallow what you just said?


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^^^^When you start responding to your own comments as proof of your arguments it is time to stop. I'm out, I'll let you continue hyping your own comments and respond to confirm yourself.

Enjoy.


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sweetbutter said:Oh no, I just talked with them, and you know what they said? " It's too late", that's right. It too late, money are poured into investment, do you think they can reverse that brick laying? huh, do you? Do you think it's ethical to remove the CEO? huh? simply because he's non Japanese?
"sir, you just got demoted because you are white", "you are simply do not have enough experiences with this company." etc.
"sir, I'm going to have ask you to return 1.99 of bricks I just purchased from you..yeah, it for the plant construction..yeah we decided not to build it since there are no logic or incentives into building it" etc.
"sir, I'm going to have laid you off..yeah, please stop laying bricks...it is not necessary to do it anymore...yeah, you have to get off the premises in 30 days, we are selling the land back to the state...etc, nevermind the contract, it was just fun paper, nothing valid in the court of law."
Your comment reflect what you are, can you swallow what you just said?
WTF?


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Yes, sorry my bad, I forgot that Americans bought the Rockefeller Center back for less than it sold for, and that the new boogey man is the Chinese. I must have been living in the past.


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AlwaysWrite said:Funny how most of the FWF forums are dedicated to teaching people to get out of debt, live within your means, don't spend more than you have, don't rely on credit cards and making interest payments, etc., etc. But when it's Uncle Sam doing it, every single responsible, prudent piece of investment advice gets turned upside down. Sure, keep spending more than you take in, keep borrowing more and more and more money, to the point that just the INTEREST you're paying is your second-largest budget item (just below your mortgage, and more than your car payment, for example).

It's amazing how people can be so inconsistent.

And why does Uncle Sam do this? NOT because it's better for our long-term health. Because Presidents are elected for 4 or max 8 years, and paying it back is SOMEONE ELSE'S PROBLEM - and the "someone else" is you and me. Why would they do unpopular things like raise taxes or reduce spending? Just borrow some more, it won't collapse right away, we have a few years left before we have to pay the piper. If you had the same deal, you'd buy a Ferrari too, and let someone else worry about paying it back.

What people need to realize is that savers like us essentially get taxed by the government. They are taking your money, every month, every year, and 99.5% of people don't know it. That $100,000 you worked so hard to save will only be worth $90,000 next year, and $80,000 the next, and so on - the US Dollar has lost 96% of its value since 1913 (the creation of the Federal Reserve system) - that's pretty close to being totally devalued. How? They print more money for themselves, and therefore your money is worth less - supply and demand, because you have more dollars chasing the same amount of "stuff" like land, food, gold, etc. But as long as the numbers in your bank account aren't going down, people don't realize what's happening. Just imagine if the gov't levied a 10% flat tax on all your savings every year - in addition to everything it already takes. There'd be a revolution, and rightfully so.


well said.

Anakin


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ScootyPuffSr said:sweetbutter said:ScootyPuffSr said:sweetbutter said:WalStMonky said:So it doesn't bother you that the Japanese were able to purchase Rockefeller Center, lock, stock and barrel?
Yeah, dude, it's private property. Just because you get used to seeing it or like it does it mean you own it?


It was a joke, please develop a sense of humor.

What? what? just all jokes? ooooh..oooh, okay. So all of this appeasing, promoting non Japanese as CEO, building plants in the US were for nothing? ohh okay, I go tell them.



w......t.........f........ are you talking about. The comment you quoted was a joke. I never said some guy got discriminated against was a joke.

You seriously need to lighten up and learn how to communicate.

I bet you think when you get passed up for promotions it is because of discrimination and not the fact that you can't communicate with other humans in a clear and civil manner.

Actually, I never ever got ask for promotion, nor dream of it. Maybe I sometimes dream of it, but know it just a dream, so what's the point? The reality is they not going to promote me, so why should I tried? huh? where the reward..sure you can fire me and lock me from employment, give me bad reference and recommendation, but I can just simply move.


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I see that all the xenophobic morons are out in full force on this thread. I don't think I need to add anything. Republicans and their fascist polices have damaged America forever. Buy gold. Inflation will continue.


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Funny how most of the FWF forums are dedicated to teaching people to get out of debt

Really, I thought the FWF forum was dedicated to leveraging cheap money (aka debt) to maximize profits.


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