|
|
Post by blustnmtn on May 14, 2024 12:50:35 GMT
|
|
|
|
Post by walnut on May 14, 2024 13:26:06 GMT
|
|
|
|
Post by code on May 17, 2024 14:36:13 GMT
|
|
|
|
Post by missouriboy on May 21, 2024 0:47:48 GMT
Instinctively I suppose we all know this? What happens on that magic day?
|
|
|
|
Post by missouriboy on May 21, 2024 15:26:06 GMT
We need many additional States to follow suit. I have no trust in a centralized bureaucracy having all my transactions at their fingertips. The credit card records are bad enough. It's a shame when you come to believe that your own government can't be trusted.
|
|
|
|
Post by code on May 27, 2024 14:10:54 GMT
Oh that's pretty. You spend time in nice places... Oh, if you think that place is nice... |
|
|
|
Post by code on May 27, 2024 15:54:04 GMT
|
|
|
|
Post by code on May 27, 2024 16:04:34 GMT
|
|
|
|
Post by Sigurdur on May 27, 2024 16:57:02 GMT
The US is sanctioning itself to death. 😪 |
|
|
|
Post by glennkoks on May 27, 2024 21:14:47 GMT
I don't see a challenge from the BRICS or anyone else to the dollar until they can come up with a currency. The Yuan and the Ruble are trash and not a challenge yet. |
|
|
|
Post by Sigurdur on May 27, 2024 22:48:38 GMT
I don't see a challenge from the BRICS or anyone else to the dollar until they can come up with a currency. The Yuan and the Ruble are trash and not a challenge yet. I disagree. As more and more world trade is done with exchange other than the dollar, the fall of the dollar is hastened. China has unloaded a pile of US dollars. They now buy soybeans and corn from Brazil with Yuan. They buy oil with Yuan. |
|
|
|
Post by glennkoks on May 28, 2024 13:07:06 GMT
I don't fear the Yuan replacing the Greenback. Not now, not in the decades to come, not ever. The Chinese have big issues. Their debt to GDP ratio is a staggering 287%. Over double the debt of the US. Their demographics are the worst in the world due to their one child policy. Economically they are a train wreck struggling from a housing bubble and the biggest Mal-investment the world has ever experienced.
In addition India and China are not on the best terms. It is unlikely that India will agree to take a second seat to China and bow down to the Yuan.
The biggest threat to the dollar (other than our own stupidity) is a new currency agreed to by the BRICS based on some type of basket currency. And who controls that printing press?
|
|
|
|
Post by duwayne on May 28, 2024 22:57:55 GMT
I don't fear the Yuan replacing the Greenback. Not now, not in the decades to come, not ever. The Chinese have big issues. Their debt to GDP ratio is a staggering 287%. Over double the debt of the US. Their demographics are the worst in the world due to their one child policy. Economically they are a train wreck struggling from a housing bubble and the biggest Mal-investment the world has ever experienced. In addition India and China are not on the best terms. It is unlikely that India will agree to take a second seat to China and bow down to the Yuan. The biggest threat to the dollar (other than our own stupidity) is a new currency agreed to by the BRICS based on some type of basket currency. And who controls that printing press? What numbers are you using to calculate "Over double the debt of the US"? |
|
|
|
Post by glennkoks on May 28, 2024 23:20:46 GMT
|
|
|
|
Post by walnut on May 29, 2024 0:09:45 GMT
Spoke to the state mining inspector for our district today, told him we were shutting down for the foreseeable future. He said that many are. It's a strange situation, because our business is fairly lean and generally an easy business to prosper in. But the difference right now is an almost complete absence of 'opportunity'. It's really just not there anymore. It's been like that for over a year now but we seem to be entering rock bottom this quarter. So we have accumulated enough inventory to last over a year easily, we will just coast. Sucks for the workers.
My point is, if business is simply no longer interesting to us, as fairly easy as our business was to run, how bad must things now be?
Anyway, my .02.
|
|
