Title: Seoulbro how will the rising US deficits affect us?
Post by: JOE on October 09, 2018, 05:15:05 PM
Post by: JOE on October 09, 2018, 05:15:05 PM
Serious question. Buy gold? Bonds? Real estate?
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Anonymous on October 09, 2018, 05:57:34 PM
Post by: Anonymous on October 09, 2018, 05:57:34 PM
....and how can we prepare/shield ourselves from the fallout should the worst happen?Quote from: "JOE"https://youtu.be/FbT9VgWMVQU
Serious question. Buy gold? Bonds? Real estate?
How did they affect us in the past?
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: cc on October 09, 2018, 06:25:11 PM
Post by: cc on October 09, 2018, 06:25:11 PM
Also Soeul has a money thread at the top
No other member would pull such crap nor would they start threads the way this jerkoff does
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Wazzzup on October 09, 2018, 09:01:38 PM
Post by: Wazzzup on October 09, 2018, 09:01:38 PM
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Anonymous on October 09, 2018, 09:18:48 PM
Post by: Anonymous on October 09, 2018, 09:18:48 PM
Joe Thread Starter already basically asked this very question in another thread .. . then starts a thread to ask the same damned thingQuote from: "cc"
Also Soeul has a money thread at the top
No other member would pull such crap nor would they start threads the way this jerkoff does
I'll ask Seoul if he wants this merged with his stickied thread.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Anonymous on October 09, 2018, 10:37:03 PM
Post by: Anonymous on October 09, 2018, 10:37:03 PM
Joe Thread Starter already basically asked this very question in another thread .. . then starts a thread to ask the same damned thingQuote from: "cc"
Also Soeul has a money thread at the top
No other member would pull such crap nor would they start threads the way this jerkoff does
I'll ask Seoul if he wants this merged with his stickied thread.
If you guys want it moved, go right ahead. I don't care.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Anonymous on October 09, 2018, 10:56:54 PM
Post by: Anonymous on October 09, 2018, 10:56:54 PM
....and how can we prepare/shield ourselves from the fallout should the worst happen?Quote from: "JOE"https://youtu.be/FbT9VgWMVQU
Serious question. Buy gold? Bonds? Real estate?
Why should I waste my time responding when you ignore what I write. I have explained many times that congress not the white house controls spending, but you ignore it. I have explained before how American debt is different than any other country's debt, but I am certain you ignored that too. So, I am going to return the favour and ignore you.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Anonymous on October 09, 2018, 11:17:09 PM
Post by: Anonymous on October 09, 2018, 11:17:09 PM
Why should I waste my time responding when you ignore what I write. I have explained many times that congress not the white house controls spending, but you ignore it. I have explained before how American debt is different than any other country's debt, but I am certain you ignored that too. So, I am going to return the favour and ignore you.
I'm a little curious Seoul, is American public debt a problem for just them or us too?
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Anonymous on October 09, 2018, 11:26:31 PM
Post by: Anonymous on October 09, 2018, 11:26:31 PM
Why should I waste my time responding when you ignore what I write. I have explained many times that congress not the white house controls spending, but you ignore it. I have explained before how American debt is different than any other country's debt, but I am certain you ignored that too. So, I am going to return the favour and ignore you.
I'm a little curious Seoul, is American public debt a problem for just them or us too?
I don't feel like going into depth explaining anything in a Joe troll thread. But, in short, the main long term consequence of American government debt is on the Social Security Trust Fund(internal). A side consequence is higher interest rates and that will hurt Canadians a lot more than Americans. We have the most indebted consumers in the G20.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Bricktop on October 09, 2018, 11:28:13 PM
Post by: Bricktop on October 09, 2018, 11:28:13 PM
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: JOE on October 10, 2018, 01:41:31 AM
Post by: JOE on October 10, 2018, 01:41:31 AM
....and how can we prepare/shield ourselves from the fallout should the worst happen?Quote from: "JOE"https://youtu.be/FbT9VgWMVQU
Serious question. Buy gold? Bonds? Real estate?
Why should I waste my time responding when you ignore what I write. I have explained many times that congress not the white house controls spending, but you ignore it. I have explained before how American debt is different than any other country's debt, but I am certain you ignored that too. So, I am going to return the favour and ignore you.
I didnt respond earlier because i wanted time review your assertions.
Yes, while it is the Congress which passes the spending bills, i don't agree with your premise that the President has nothing to do with initiating or shaping budget policy. Presidential candidates whether they be Democrat or Republican certainly have campaigned with promises to increase or cut incone taxes of various income groups. Reagan did so in in 1980 and Clinton did in 1992. Bush did so in 2000. And the debate among his successor, Barack Obama, was whether to extend or end the 'Bush Tax Cuts'.
Presidents are not passive bystanders who have nothing to do with setting the agenda. And they have at least some veto power to override what Congress passes if they dont agree with the spending bills which are passed by that legislative body.
So to respond to your premise, I think its rather simplistic to suggest that Presidents dont set fiscal policy and have nothing to do with its outcome. Of course they do. Otherwise there wouldnt be any point in having a President.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Anonymous on October 10, 2018, 01:58:18 AM
Post by: Anonymous on October 10, 2018, 01:58:18 AM
I didnt respond earlier because i wanted time review your assertions.
Yes, while it is the Congress which passes the spending bills, i don't agree with your premise that the President has nothing to do with initiating or shaping budget policy. Presidential candidates whether they be Democrat or Republican certainly have campaigned with promises to increase or cut incone taxes of various income groups. Reagan did so in in 1980 and Clinton did in 1992. Bush did so in 2000. And the debate among his successor, Barack Obama, was whether to extend or end the 'Bush Tax Cuts'.
Presidents are not passive bystanders who have nothing to do with setting the agenda. And they have at least some veto power to override what Congress passes if they dont agree with the spending bills which are passed by that legislative body.
So to respond to your premise, I think its rather simplistic to suggest that Presidents dont set fiscal policy and have nothing to do with its outcome. Of course they do. Otherwise there wouldnt be any point in having a President.
Seoul never said the president had nothing to do with tax cuts, he said congress has the final say on budgets..
He said the president can propose spending increases or cuts, but the congress decides how much money is spent..
I got it the first time he said it, but you don't after what six times or is it more.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Anonymous on October 10, 2018, 11:54:50 AM
Post by: Anonymous on October 10, 2018, 11:54:50 AM
Why should I waste my time responding when you ignore what I write. I have explained many times that congress not the white house controls spending, but you ignore it. I have explained before how American debt is different than any other country's debt, but I am certain you ignored that too. So, I am going to return the favour and ignore you.
I'm a little curious Seoul, is American public debt a problem for just them or us too?
I don't feel like going into depth explaining anything in a Joe troll thread. But, in short, the main long term consequence of American government debt is on the Social Security Trust Fund(internal). A side consequence is higher interest rates and that will hurt Canadians a lot more than Americans. We have the most indebted consumers in the G20.
I don't blame you. Old Joe aint listening. He still thinks there's a political right in Canada and the US.
Presidents don't pass budgets, Congress does. Democrat and GOP congresses own deficits, not presidents. It's different in Canada where the pm is head of the lower house and is directly responsible for all federal spending and deficits. Medicare/Medicaid spending expanded under Bush and exploded Obama. Congress only wants to keep increasing that, deficits be damned.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Wazzzup on October 10, 2018, 11:57:53 AM
Post by: Wazzzup on October 10, 2018, 11:57:53 AM
Joe will ignore this like he does all information contrary to his views, but here it is anyway--
The republican congress during the obama era wanted to cut spending, but democrats threatened to "shut down" the government if they didn't get their big spending. The repubs knew that the media would blame them and they might suffer politically so they backed down.
More or less the same thing happened with trump. Trump wanted a leaner budget, and even threatened to veto two budgets, but once again the democrats threatened a shutdown and the republicans begged trump not to veto these budgets. especially the most recent one near an election . So while all are at fault here, the democrats own most of it.
But at least with deficits occurring during Trump's presidency we are getting something back for it - large economic growth and the best unemployment numbers in the last 60 years. with the Obama era deficits (the worst of any president) we got absolutely nothing for it.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Anonymous on October 10, 2018, 12:49:59 PM
Post by: Anonymous on October 10, 2018, 12:49:59 PM
Really, the only good congress since 1980 was when the GOP swept both houses in 1994. Newr Gingrich was the best PM(Speaker of the House is essentially a prime minister) the USA has had in a very long time. The same can't be said of Bill Clinton, who benefited greatly from a conservative Congress that curbed his worst instincts.
Almost two-thirds of federal spending pays Social Security, Medicare, and Medicaid benefits. These are part of mandatory spending. Those are programs established by prior Acts of Congress. The mandatory budget will cost $2.739 trillion in FY 2019. It's skyrocketing because more baby boomers are reaching retirement age. By 2030, one in five Americans will be older than 65.
The remaining 38 percent of the budget pays for everything else. It's called discretionary spending. The U.S. Congress changes this amount each year. It uses the president's budget as a starting point. Any cuts to reach a balanced budget must come from there, but the congressional GOP caucus and especially the Democrats in congress only want spending to increase. Hence, no balanaced budgets in the USA anymore.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: cc on October 10, 2018, 12:57:42 PM
Post by: cc on October 10, 2018, 12:57:42 PM
Newt and Co kept him moderate is the real truth
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Anonymous on October 10, 2018, 01:11:57 PM
Post by: Anonymous on October 10, 2018, 01:11:57 PM
US debt and the sovereign debt of any other nation are different for the simple reason that the US Dollar is the reserve currency of the world. There isn't another nation that can print it's own reserves, period.
This is not because of America is better or has the highest GDP. It is because of a post-World War II agreement, the Bretton-Woods agreemnt , in which the large economies of the time created the post-war order. This included the World Bank, the IMF, and incidentally anointing the US Dollar as the single reserve currency of the world.
My biggest concern is rising interest rates could cause huge damage to Canada for along time. Canadians are most debt-ridden consumers in the developed world.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Wazzzup on October 10, 2018, 01:16:01 PM
Post by: Wazzzup on October 10, 2018, 01:16:01 PM
Yes, many said Clinton was "moderate".Quote from: "cc"
Newt and Co kept him moderate is the real truth
exactly right.
I hope trump will make a stand and veto the next big spending budget, and force congress to fight it out. Going along with the democrats (aided by cowardly and/or big spending republicans) and their big spending budgets was his only major mistake thus far IMO. he needs to do whatever he can to stop repeating that mistake. then it will be all on them and he will share no blame.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Anonymous on October 10, 2018, 01:17:42 PM
Post by: Anonymous on October 10, 2018, 01:17:42 PM
Yes, many said Clinton was "moderate".Quote from: "cc"
Newt and Co kept him moderate is the real truth
exactly right.
I hope trump will make a stand and veto the next big spending budget, and force congress to fight it out. Going along with the democrats (aided by cowardly and/or big spending republicans) and their big spending budgets was his only major mistake thus far IMO. he needs to do whatever he can to stop repeating that mistake. then it will be all on them and he will share no blame.
In Canada, unless the it's a coalition government, the governing party is responsible for deficits.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: JOE on October 11, 2018, 09:23:40 PM
Post by: JOE on October 11, 2018, 09:23:40 PM
And he had some interesting predictions.
He was clearly a Trump supporter & loved everything Trump as he told me so.
He was also listening to right wing talk radio as he spoke.
I didnt argue or disagree with him. I just listened.
He was in his later 60s I think.
He told me that he believed gold is too high and the price is set to crash to about 1/2 of what it is today.
And that silver is a better investment preferably 1 oz Maple Leaf coibs.
He didnt think much of platinum either.
Paladium he said the price was fixed controlled by the Russians.
He said stay away from bitcoin because it will be worthless one day.
He also thought there will be an overhaul of the financial system and hinted that the dollar would be replaced by sone other currency.
Now I dont know how much of what he said is true or will become true.
But I thought it was inintetrsting nevertheless.
I'm open to suggestions/forecasts by others and am seeking advice these days.
But I have a laymen's hunch that something us on the horizon and that we should be prepared for it.
I dont know how y'all feel about it but I suspect for better or worse, it wont be business as usual.
I think 2020 and beyond will be a volatile decade.
But tgats jes my 2 bits.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: JOE on October 11, 2018, 09:29:05 PM
Post by: JOE on October 11, 2018, 09:29:05 PM
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Bricktop on October 11, 2018, 09:42:37 PM
Post by: Bricktop on October 11, 2018, 09:42:37 PM
Well folks & seoulbro, i spoke with a dealer/investor if precious metals today.Quote from: "JOE"
And he had some interesting predictions.
He was clearly a Trump supporter & loved everything Trump as he told me so.
He was also listening to right wing talk radio as he spoke.
I didnt argue or disagree with him. I just listened.
He was in his later 60s I think.
He told me that he believed gold is too high and the price is set to crash to about 1/2 of what it is today.
And that silver is a better investment preferably 1 oz Maple Leaf coibs.
He didnt think much of platinum either.
Paladium he said the price was fixed controlled by the Russians.
He said stay away from bitcoin because it will be worthless one day.
He also thought there will be an overhaul of the financial system and hinted that the dollar would be replaced by sone other currency.
Now I dont know how much of what he said is true or will become true.
But I thought it was inintetrsting nevertheless.
I'm open to suggestions/forecasts by others and am seeking advice these days.
But I have a laymen's hunch that something us on the horizon and that we should be prepared for it.
I dont know how y'all feel about it but I suspect for better or worse, it wont be business as usual.
I think 2020 and beyond will be a volatile decade.
But tgats jes my 2 bits.
It astonishes me that people still put value on useless pieces of stone and metal. Gold holds no intrinsic value other that an abritrary number we put on it. It might as well be aluminium or bronze...but our ancestors decided gold and pieces of rock were valuable...because there wasn't anything else.
If the global economy collapses, you can have a busload of gold...but no-body will care.
Food and water will be the only currencies of value then.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Anonymous on October 11, 2018, 10:16:08 PM
Post by: Anonymous on October 11, 2018, 10:16:08 PM
Well folks & seoulbro, i spoke with a dealer/investor if precious metals today.Quote from: "JOE"
And he had some interesting predictions.
He was clearly a Trump supporter & loved everything Trump as he told me so.
He was also listening to right wing talk radio as he spoke.
I didnt argue or disagree with him. I just listened.
He was in his later 60s I think.
He told me that he believed gold is too high and the price is set to crash to about 1/2 of what it is today.
And that silver is a better investment preferably 1 oz Maple Leaf coibs.
He didnt think much of platinum either.
Paladium he said the price was fixed controlled by the Russians.
He said stay away from bitcoin because it will be worthless one day.
He also thought there will be an overhaul of the financial system and hinted that the dollar would be replaced by sone other currency.
Now I dont know how much of what he said is true or will become true.
But I thought it was inintetrsting nevertheless.
I'm open to suggestions/forecasts by others and am seeking advice these days.
But I have a laymen's hunch that something us on the horizon and that we should be prepared for it.
I dont know how y'all feel about it but I suspect for better or worse, it wont be business as usual.
I think 2020 and beyond will be a volatile decade.
But tgats jes my 2 bits.
It astonishes me that people still put value on useless pieces of stone and metal. Gold holds no intrinsic value other that an abritrary number we put on it. It might as well be aluminium or bronze...but our ancestors decided gold and pieces of rock were valuable...because there wasn't anything else.
If the global economy collapses, you can have a busload of gold...but no-body will care.
Food and water will be the only currencies of value then.
It astonishes me that people still read Joe's bullshit posts. He actually used the word right wing again. Like there's been a political right on this progtard continent in the last two and half decades.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Bricktop on October 11, 2018, 10:23:04 PM
Post by: Bricktop on October 11, 2018, 10:23:04 PM
I did it again!!
I must have JCD...Joe Compulsive Disorder.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Anonymous on October 11, 2018, 10:29:20 PM
Post by: Anonymous on October 11, 2018, 10:29:20 PM
AAAAGGHHHH....Quote from: "Bricktop"
I did it again!!
I must have JCD...Joe Compulsive Disorder.
It spreads when you respond to his bullshit posts.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Anonymous on October 11, 2018, 11:19:31 PM
Post by: Anonymous on October 11, 2018, 11:19:31 PM
It astonishes me that people still read Joe's bullshit posts. He actually used the word right wing again. Like there's been a political right on this progtard continent in the last two and half decades.
I am not longer responding to Joe's attention whoring posts. When I post info to educate him and he ignores what I wrote he can fuck off. Go waste someone else's time.
You have a point about the right wing being extinct. Right wing means social issues/identity politics and immigration. What was once considered the left, today occupies the entire political spectrum now that they have won every cultural battle. Across Canada and the US, sames sex marriage, and abortion are legal. Marijuana is treated like booze. Transgender is becoming mainstream. And the political consensus on immigration is that more is better.
I supported all of these. I don't want to waste time on these divisive issues. About the only social issues left undecided are on refugees and Islamic terror.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: JOE on October 11, 2018, 11:46:01 PM
Post by: JOE on October 11, 2018, 11:46:01 PM
It astonishes me that people still read Joe's bullshit posts. He actually used the word right wing again. Like there's been a political right on this progtard continent in the last two and half decades.
I am not longer responding to Joe's attention whoring posts. When I post info to educate him and he ignores what I wrote he can fuck off. Go waste someone else's time.
You have a point about the right wing being extinct. Right wing means social issues/identity politics and immigration. What was once considered the left, today occupies the entire political spectrum now that they have won every cultural battle. Across Canada and the US, sames sex marriage, and abortion are legal. Marijuana is treated like booze. Transgender is becoming mainstream. And the political consensus on immigration is that more is better.
I supported all of these. I don't want to waste time on these divisive issues. About the only social issues left undecided are on refugees and Islamic terror.
It really seems to offend you Righties when I use the term 'Right Wing'.
Is 'Conservative Talk Show Radio' more appropriate, as it is commonly referred to in the media?
Seems you folks have yer own form of Newspeak. Aint jes the Left, eh?
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Anonymous on October 11, 2018, 11:54:45 PM
Post by: Anonymous on October 11, 2018, 11:54:45 PM
It astonishes me that people still read Joe's bullshit posts. He actually used the word right wing again. Like there's been a political right on this progtard continent in the last two and half decades.
I am not longer responding to Joe's attention whoring posts. When I post info to educate him and he ignores what I wrote he can fuck off. Go waste someone else's time.
You have a point about the right wing being extinct. Right wing means social issues/identity politics and immigration. What was once considered the left, today occupies the entire political spectrum now that they have won every cultural battle. Across Canada and the US, sames sex marriage, and abortion are legal. Marijuana is treated like booze. Transgender is becoming mainstream. And the political consensus on immigration is that more is better.
I supported all of these. I don't want to waste time on these divisive issues. About the only social issues left undecided are on refugees and Islamic terror.
It's too bad that neither Canada nor the USA have a political right anymore.
Oh and I disagree with you about Islamic terror. The issue is the special protected class status that dickheads like Justine want to bestow on islam. M-103 will grown teeth when that piece of shit is reelected. Canada will have blasphemy laws. Besides that, whenever there is a an islamic attack or a thwarted one, the opposition Tories are not much different that the Justine. Empty platitudes about standing with victims, muslims fear backlash but they don't dare say there's a problem with islam itself. If we had right wing on this continent, islam would not be allowed to walk on us the way they do now.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Bricktop on October 12, 2018, 12:16:13 AM
Post by: Bricktop on October 12, 2018, 12:16:13 AM
AAAAGGHHHH....Quote from: "Bricktop"
I did it again!!
I must have JCD...Joe Compulsive Disorder.
It spreads when you respond to his bullshit posts.
I KNOW!!!
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: cc on October 12, 2018, 12:41:20 AM
Post by: cc on October 12, 2018, 12:41:20 AM
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Wazzzup on October 12, 2018, 12:51:08 AM
Post by: Wazzzup on October 12, 2018, 12:51:08 AM
You have a point about the right wing being extinct. Right wing means social issues/identity politics and immigration. What was once considered the left, today occupies the entire political spectrum now that they have won every cultural battle. Across Canada and the US, sames sex marriage, and abortion are legal. Marijuana is treated like booze. Transgender is becoming mainstream...Quote from: "Herman"
The left has pretty much won on the freedom side of their agenda. Now they are pushing their tyrannical side. Allah help us all if they prevail.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Wazzzup on October 12, 2018, 12:59:52 AM
Post by: Wazzzup on October 12, 2018, 12:59:52 AM
I'm with you on that herman--I disagree with that line "more is better" re immigration. Immigration that is selective and brings in people who can enhance a country's well being is a good thing in moderation.
It astonishes me that people still read Joe's bullshit posts. He actually used the word right wing again. Like there's been a political right on this progtard continent in the last two and half decades.
I am not longer responding to Joe's attention whoring posts. When I post info to educate him and he ignores what I wrote he can fuck off. Go waste someone else's time.
You have a point about the right wing being extinct. Right wing means social issues/identity politics and immigration. What was once considered the left, today occupies the entire political spectrum now that they have won every cultural battle. Across Canada and the US, sames sex marriage, and abortion are legal. Marijuana is treated like booze. Transgender is becoming mainstream.And the political consensus on immigration is that more is better.
I supported all of these. I don't want to waste time on these divisive issues. About the only social issues left undecided are on refugees and Islamic terror.
It's too bad that neither Canada nor the USA have a political right anymore.
Oh and I disagree with you about Islamic terror. The issue is the special protected class status that dickheads like Justine want to bestow on islam. M-103 will grown teeth when that piece of shit is reelected. Canada will have blasphemy laws. Besides that, whenever there is a an islamic attack or a thwarted one, the opposition Tories are not much different that the Justine. Empty platitudes about standing with victims, muslims fear backlash but they don't dare say there's a problem with islam itself. If we had right wing on this continent, islam would not be allowed to walk on us the way they do now.
But largely unassimilable refugees and illegals from certain areas of the third world do not enhance a country--the results are more terrorism, more crime, no go zones, breakdown of social cohesion, greater burden to taxpayers, and destruction of western values-- like having sharia courts and the destruction of free speech rights to protect their feelings.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: cc on October 12, 2018, 01:04:08 AM
Post by: cc on October 12, 2018, 01:04:08 AM
Allah help us all if they prevail.Quote
If we are down to that, we are doomed. allah is clearly on their side, ... and maybe directing it?
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Wazzzup on October 12, 2018, 01:05:24 AM
Post by: Wazzzup on October 12, 2018, 01:05:24 AM
Allah help us all if they prevail.Quote
We are doomed. allah is on their side, ... maybe directing it?:sneaky2:
Wait, I thought it was the Jooos
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: JOE on October 12, 2018, 06:21:03 AM
Post by: JOE on October 12, 2018, 06:21:03 AM
You have a point about the right wing being extinct. Right wing means social issues/identity politics and immigration. What was once considered the left, today occupies the entire political spectrum now that they have won every cultural battle. Across Canada and the US, sames sex marriage, and abortion are legal. Marijuana is treated like booze. Transgender is becoming mainstream...Quote from: "Herman"
The left has pretty much won on the freedom side of their agenda. Now they are pushing their tyrannical side. Allah help us all if they prevail.
...seems the Republican Party has its own issues with megalomania in the United Ststes as well, Lump.
As they say, absolute power corrupts absolutely.
Not saying they're the only ones.
But it just seems to be part of the human condition where one group/ party wants to hog all the power for themselves & shut the other side out. Turkey being another recent example where Erdogan has transformed a democracy into an authoritarian socialist stste. South Africa & its treatment of Whites another. Also Venezuela's socialists. Whatever race , religion or country, humans can be very power hungry.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: JOE on October 12, 2018, 06:31:37 AM
Post by: JOE on October 12, 2018, 06:31:37 AM
As I have said before US debt is not like Greece, Italy or even Canada's rising deficits.Quote from: "seoulbro"
US debt and the sovereign debt of any other nation are different for the simple reason that the US Dollar is the reserve currency of the world. There isn't another nation that can print it's own reserves, period.
This is not because of America is better or has the highest GDP. It is because of a post-World War II agreement, the Bretton-Woods agreemnt [1], in which the large economies of the time created the post-war order. This included the World Bank, the IMF, and incidentally anointing the US Dollar as the single reserve currency of the world.
My biggest concern is rising interest rates could cause huge damage to Canada for along time. Canadians are most debt-ridden consumers in the developed world.
Yes its true that the US dollar is currently the world's premier or fiat currency.
But I've heard that its dominance is now being challenged & that it could be displaced in the near future.
While i'm not suggesting that the following video/link is accurate & its claims somewhat inflamstory, it provides some clues what the value of the US dollar is tied to.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: JOE on October 12, 2018, 06:43:03 AM
Post by: JOE on October 12, 2018, 06:43:03 AM
Well folks & seoulbro, i spoke with a dealer/investor if precious metals today.Quote from: "JOE"
And he had some interesting predictions.
He was clearly a Trump supporter & loved everything Trump as he told me so.
He was also listening to right wing talk radio as he spoke.
I didnt argue or disagree with him. I just listened.
He was in his later 60s I think.
He told me that he believed gold is too high and the price is set to crash to about 1/2 of what it is today.
And that silver is a better investment preferably 1 oz Maple Leaf coibs.
He didnt think much of platinum either.
Paladium he said the price was fixed controlled by the Russians.
He said stay away from bitcoin because it will be worthless one day.
He also thought there will be an overhaul of the financial system and hinted that the dollar would be replaced by sone other currency.
Now I dont know how much of what he said is true or will become true.
But I thought it was inintetrsting nevertheless.
I'm open to suggestions/forecasts by others and am seeking advice these days.
But I have a laymen's hunch that something us on the horizon and that we should be prepared for it.
I dont know how y'all feel about it but I suspect for better or worse, it wont be business as usual.
I think 2020 and beyond will be a volatile decade.
But tgats jes my 2 bits.
It astonishes me that people still put value on useless pieces of stone and metal. Gold holds no intrinsic value other that an abritrary number we put on it. It might as well be aluminium or bronze...but our ancestors decided gold and pieces of rock were valuable...because there wasn't anything else.
If the global economy collapses, you can have a busload of gold...but no-body will care.
Food and water will be the only currencies of value then.
Actually, this is what the gentleman I spoke with told me as well.
He felt that silver is a better investment than gold because it is widely used & has industrial applications .
And he thought that while gold will one day fall/crash in price, silver will rise substantially.
I took his advice with a grain of salt but his theory was interesting nonetheless.
I don't think his prognostications are accurate nor make sense.
I think its more like, when gold rises, silver does too.
And when gold falls, silver does as well.
When the price of gold rises its usually due to inflation or an economic crisis such as the collapse of a currency or a financial crisis.
For example during the German financial panic of 1920, the German Mark was devalued to the point where billions or trillions of marks were equivslent to one ounce of gold or silver.
However, the price of gold to the US dollar remained constant.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Anonymous on October 12, 2018, 07:43:21 AM
Post by: Anonymous on October 12, 2018, 07:43:21 AM
It astonishes me that people still read Joe's bullshit posts. He actually used the word right wing again. Like there's been a political right on this progtard continent in the last two and half decades.
I am not longer responding to Joe's attention whoring posts. When I post info to educate him and he ignores what I wrote he can fuck off. Go waste someone else's time.
You have a point about the right wing being extinct.Right wingmeans social issues/ identity politicsand immigration. What was once considered the left, today occupies the entire political spectrum now that they have won every cultural battle. Across Canada and the US, sames sex marriage, and abortion are legal. Marijuana is treated like booze. Transgender is becoming mainstream. And the political consensus on immigration is that more is better.
I supported all of these. I don't want to waste time on these divisive issues. About the only social issues left undecided are on refugees and Islamic terror.
I thought identity issues in the USA were used by the leftist wing of the Democratic Party..
I only became aware of identity politics since Wazzzup joined us..
The left in the USA doesn't like working class Caucasians.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Anonymous on October 12, 2018, 07:50:57 AM
Post by: Anonymous on October 12, 2018, 07:50:57 AM
Yes its true that the US dollar is currently the world's premier or fiat currency.
But I've heard that its dominance is now being challenged & that it could be displaced in the near future.
Seoul already explained the Bretton-Woods agreemnt,
He's not Twenty Dollars, he doesn't like repeating himself.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Wazzzup on October 12, 2018, 02:03:46 PM
Post by: Wazzzup on October 12, 2018, 02:03:46 PM
Already covered JoeYou have a point about the right wing being extinct. Right wing means social issues/identity politics and immigration. What was once considered the left, today occupies the entire political spectrum now that they have won every cultural battle. Across Canada and the US, sames sex marriage, and abortion are legal. Marijuana is treated like booze. Transgender is becoming mainstream...Quote from: "Herman"
The left has pretty much won on the freedom side of their agenda. Now they are pushing their tyrannical side. Allah help us all if they prevail.
...seems the Republican Party has its own issues with megalomania in the United Ststes as well, Lump.
As they say, absolute power corrupts absolutely.
Not saying they're the only ones.
But it just seems to be part of the human condition where one group/ party wants to hog all the power for themselves & shut the other side out. Turkey being another recent example where Erdogan has transformed a democracy into an authoritarian socialist stste. South Africa & its treatment of Whites another. Also Venezuela's socialists. Whatever race , religion or country, humans can be very power hungry.
I think both sides are at fault in the USA, BT.Quote from: "JOE"
This is why you are wrong Joe--You have basically said the republicans are at fault because they have more control. But you ignore how they got that power--because the voters gave it to them. they earned it. (that's how representative democracy works) And if the voters change their mind they can vote them out.
OTOH you completely ignore democrat calls for violence, threats and intimidation. (and the huge number of ugly incidents they have inspired among their followers--hundreds)
once the facts are weighed its clear that you are wrong[size=150]Wrong[/size] [size=200]Wrong[/size]
based on the evidence, One side is clearly far more at fault than other other.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Wazzzup on October 12, 2018, 02:07:59 PM
Post by: Wazzzup on October 12, 2018, 02:07:59 PM
It astonishes me that people still read Joe's bullshit posts. He actually used the word right wing again. Like there's been a political right on this progtard continent in the last two and half decades.
I am not longer responding to Joe's attention whoring posts. When I post info to educate him and he ignores what I wrote he can fuck off. Go waste someone else's time.
You have a point about the right wing being extinct.Right wingmeans social issues/ identity politicsand immigration. What was once considered the left, today occupies the entire political spectrum now that they have won every cultural battle. Across Canada and the US, sames sex marriage, and abortion are legal. Marijuana is treated like booze. Transgender is becoming mainstream. And the political consensus on immigration is that more is better.
I supported all of these. I don't want to waste time on these divisive issues. About the only social issues left undecided are on refugees and Islamic terror.
I thought identity issues in the USA were used by the leftist wing of the Democratic Party..
I only became aware of identity politics since Wazzzup joined us..
The left in the USA doesn't like working class Caucasians.
There's no history of identity politics on the right for race or gender. There was only some regarding gays. The racial and male-/female gender identity politics is only on the left. their objective is to divide everyone against whites particularly white men.
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Anonymous on October 12, 2018, 02:14:13 PM
Post by: Anonymous on October 12, 2018, 02:14:13 PM
Title: Re: Seoulbro how will the rising US deficits affect us?
Post by: Wazzzup on October 12, 2018, 03:13:29 PM
Post by: Wazzzup on October 12, 2018, 03:13:29 PM
It's not only the right that is extinct. The true socialist left has been displaced by these same intolerant rich progressive scum.Quote from: "iron horse jockey"
progs, at least in the US, have nothing but contempt for white working-class people (especially southern whites), they mock them every chance they get.