Yeah, it could NEVER happen here in the USA. (Which begs the question why you're an expat in Panama?)
Just repeat the mantras. "It's different this time. We're America. We're the king of the world."
Posted on 04/15/2011 5:47:32 AM PDT by JRNyquist
.. inadequacies and deficiencies of the existing international monetary and financial system..
In 1998 Russian Foreign Minister Yevgeny Primakov, a strategist and master spy, conceived of an economic alliance between Russia, India and China. The purpose of this combination was to counter the international influence of the United States.
By now it should be apparent that Russia and China intend to launch an attack against the U.S. dollar. Do we yet realize that such an attack is possible? And have we reckoned the political consequences?
Good point. I’m rusty on this, but Free Trade would appear to be a classic case of Freedom of Association. I can associate with a foreign seller and sell or buy stuff.
There are legal and moral exceptions to this freedom of course - selling Loral missile tech, mail-order brides and so forth.
But making sure that GM workers get to keep their pensions doesn’t seem like a good reason to breach our God-given Freedom of Association.
Yeah, it could NEVER happen here in the USA. (Which begs the question why you're an expat in Panama?)
Just repeat the mantras. "It's different this time. We're America. We're the king of the world."
My response is f “the general principles of economics” you so naively posted
That is all BS theory. In the real world no nation practices free trade except for us. That is why we have a 6000 billion dollar trade deficit. All other nations are protectionist and look out for their native workers and their native capitalists. They don’t play by your BS “citizen of the world” rules
You better hope Donald Trump does not get in because he is going to slap tariffs on Chinese craps so fast it will make your head spin. I’m hoping he imposes tariffs on foreign oil too and we make up for that by drilling more in the USA and burning more coal to make electricity. And shifting over to our native CNG for more transport uses.
APMEX is always good and trusted by people on gold and silver boards such as http://goldismoney2.com/forumdisplay.php?8-PM-Dealer-Feedback&s=c8d7837283f7f664fd19cc2347450ce7
I don’t buy it. China is not as unified as we think. India is not as capitalistic. Russia is just an organized crime state. Brazil has a LONG way to go before it moves up as an inovator rather than copier.
The U.S. has the military that serves the world. The world will keep the U.S. Dollar as a reserve currency.
Yes tariffs were a bone of contention because there are always cheap nation-subverting bastards who want to buy abroad rather than from their fellow countrymen. Industry is a progression upward from agriculture so I support the native industrialist of America in that era you mention
You have the time period correct but it was roughly from 1800-1865 and beyond. USA had no income tax. It was funded via tariffs, alcohol and tobacco taxes. That sounds very libertarian and free to me.
“The U.S. has the military that serves the world. The world will keep the U.S. Dollar as a reserve currency.”
I see your a student of history. /s
Seriously, China is building up their military power quite rapidly as is Russia. Both nations are creditor nations we my friend are now a debtor nation. Solid economy and currency is what is necessary to maintain military supremacy. It will only be a matter of time before new alliances are formed (BRICS)and countries start relying on eachother in those alliances for protection.
Factual history does not lie and it definitely repeats itself.
” My response is f “the general principles of economics” “
You can always gauge the weakness of a person’s argument (and how insecure he/she is with that argument) by how quickly he/she resorts to profanity, bombast, and ad-hominem attacks....
Sorry, Dennis - you just went down a notch in my esteem.... (sigh)
When the dollar crashes, so does the US, and then the world is run by the Chinese and Muslims. Dark Ages.
...Thus, the best thing you can do is to become as self-responsible as you can – trusting no shaman and approaching every important decision with a clear understanding that if things go wrong, no one – and no entity – will be there to make it right. Increasingly, as the sovereign states get noticeably bankrupt, that will be the case.
Viewing the world in that context, it’s hard to consider the unbacked IOUs of any government a safe investment, no matter how fancy or elaborate are the shamanic runes decorating the paper. (link)
Sorry for the late ping...
Russia/Soviet/Coldwar2 PING!!!!
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Your dealing with people who if ever given a chance to succeed at completely wiping us off the Earth, would not mind if 1/2 of the world was uninhabitable for the foreseeable future. They would have the other 1/2 all to themselves to ruin. That is the mentality you are dealing with especially in Russia and China. India and Brazil are going along for the ride by playing which side wins out, but at the end of the day they are being used and if Russia/China win then they are ones who are going to be the next dish on the menu.
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