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Old 05-13-2019, 12:48 PM   #16
Blackout
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It is obvious that the feds are interested in fixing symptoms not the cause.
I was just recently reading about them planning for another quantitative easing when the downturn is here. Which simply means lets just print some more money now and we will deal with the debt balloons later. Catastrophe inevitable.
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Old 05-13-2019, 01:44 PM   #17
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The economy is fine except for the fact that an M20 timing belt kit tripled in cost since I got my first E30
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Old 05-13-2019, 02:02 PM   #18
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The economy is fine except for the fact that an M20 timing belt kit tripled in cost since I got my first E30
Hence the M30 swap.
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Old 05-13-2019, 03:24 PM   #19
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Originally Posted by Blackout View Post
^+1
It is obvious that the feds are interested in fixing symptoms not the cause.
I was just recently reading about them planning for another quantitative easing when the downturn is here. Which simply means lets just print some more money now and we will deal with the debt balloons later. Catastrophe inevitable.
As long as we are the military power, our currency reigns supreme.

What has our national debt done in the last 15 years?

Ready to move to another country because of it? I bet not.
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Old 05-14-2019, 10:12 PM   #20
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Old 07-12-2019, 07:02 AM   #21
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Originally Posted by z31maniac View Post
As long as we are the military power, our currency reigns supreme.
There's no relation between the US currency strength and its military power. What holds a currency, among a few things since the US dollar is no longer backed by gold, is the demand for that currency. The US is making sure that oil is sold in US currency. Therefore the whole world needs US notes to buy oil. Creating a high demand. See what happens when countries refuse to use US dollar to trade oil... And witness how Saudi Arabia, a major oil exporter, holds the US by the balls... No wonder Trump is so forgiving with the Saudis...

Venezuela is the last country to fall victim for not trading oil with petrodollars. After Iraq, Libya, Iran...

https://youtu.be/Mtba_KqCmUQ
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Old 07-12-2019, 07:49 AM   #22
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Quote:
Originally Posted by Massive Lee View Post
There's no relation between the US currency strength and its military power. What holds a currency, among a few things since the US dollar is no longer backed by gold, is the demand for that currency. The US is making sure that oil is sold in US currency. Therefore the whole world needs US notes to buy oil. Creating a high demand. See what happens when countries refuse to use US dollar to trade oil... And witness how Saudi Arabia, a major oil exporter, holds the US by the balls... No wonder Trump is so forgiving with the Saudis...

Venezuela is the last country to fall victim for not trading oil with petrodollars. After Iraq, Libya, Iran...

https://youtu.be/Mtba_KqCmUQ

And what do you think assures our ability to ensure oil is traded in US currency?

Is it because we say nice things?

The naivete with you is astounding.
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Old 07-15-2019, 09:15 PM   #23
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Yeah, how does the oil get to its destination? Through waterways protected by...you guessed it...the US Navy! In recent years China has been trying to build a navy that will rival the US, however, they've worked against making the Yen a global currency for oil by devaluing it continuously. Their focus has also been predominantly in the South China Sea and the Indian Ocean, where as the US projects its naval fleet across the entire world along with its military might. Anyone that thinks the US is in decline doesn't realize how many bases there are across the entire globe and the US's ability to influence any country by simply moving the military around.
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