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Posted
10 minutes ago, Nationalist said:

Indeed. They dropped it to make deficit spending and bloated debt easy and a reality.

And this has resulted in massive deficits and debts. OH Goodie.

They dropped it because the gold supply can't hope to keep up with economic growth, which makes it a poor currency.  You'd end up with permanent disinflation.  

"A man is no more entitled to an opinion for which he cannot account than he does for a pint of beer for which he cannot pay" - Anonymous

Posted
3 minutes ago, Moonbox said:

They dropped it because the gold supply can't hope to keep up with economic growth, which makes it a poor currency.  You'd end up with permanent disinflation.  

It had nothing to do with economic growth. It was and remains, a means for funding insane social programs and the military.

Quote

The 1970s was marked by wild inflation. It’s easy to look back and blame Arab countries and oil prices for the problem. But the reality was much more complicated, and most of the issues were frankly homegrown.

We were fighting an unwinnable war under a president who couldn’t make up his mind about his economic stance. President Richard Nixon ran up a massive deficit trying to continue the legacy of his predecessor. Then to fix it, he slammed on the brakes, imposing wage and price controls. 

Multiple foreign countries got nervous about Nixon’s inability to control the domestic economy and expressed their intent to cash in on their gold reserves. But Nixon knew it was untenable if he was going to fight inflation at home.

Nixon did the only thing he could do at the time: On Aug. 15, 1971, he severed the U.S. dollar’s ties to gold once and for all. 

The U.S. was finally a fiat currency nation.

https://www.moneycrashers.com/gold-standard-currency-system/

And who was Nixon's predecessor? Lyndon Johnson...his war in Vietnam...and his Great Society welfare program.

FDR watered down the $...Nixon put the deathblow to it and debt became the new normal.

Hurray...

Its so lonely in m'saddle since m'horse died.

Posted
3 minutes ago, Nationalist said:

It had nothing to do with economic growth. It was and remains, a means for funding insane social programs and the military.

?

I'll take the numbers over your conspiracy theories.  

"A man is no more entitled to an opinion for which he cannot account than he does for a pint of beer for which he cannot pay" - Anonymous

Posted (edited)
39 minutes ago, Moonbox said:

?

I'll take the numbers over your conspiracy theories.  

Here's your number...

$32,000,000,000,000

Edited by Nationalist
  • Thanks 1

Its so lonely in m'saddle since m'horse died.

Posted
7 hours ago, Nationalist said:

Partially true.

However if and when the BRICS gang begin full scale trading internationally, this will damage the USD somewhat. The amount of damage is yet undetermined...but it will shake it some. That may...probably will...shake the confidence in the USD and in the final analysis, its the confidence in the USD that keeps it afloat.

the BRICS are no safe haven

the flight to quality is to the protections of the American constitution & rule of law

nefarious bad actors & rogue states are forced to do business with the BRICS perhaps

but that actually reinforces King Dollar's position as the only safe haven

Posted
1 hour ago, Dougie93 said:

the BRICS are no safe haven

the flight to quality is to the protections of the American constitution & rule of law

nefarious bad actors & rogue states are forced to do business with the BRICS perhaps

but that actually reinforces King Dollar's position as the only safe haven

Today. The risk is now real though.

Its so lonely in m'saddle since m'horse died.

Posted (edited)
On 8/26/2023 at 11:39 AM, CITIZEN_2015 said:

With Islamic republic joining Russia and China, now The team of murderers and dictators is now complete.

Excuse me but...who made the Saudi family so rich and powerful? Who let China into the WTO? And who financed and armed a bunch of real NAZIs to attack people who just wanted to be themselves?

Edited by Nationalist

Its so lonely in m'saddle since m'horse died.

Posted
On 8/28/2023 at 6:48 PM, Dougie93 said:

the real threat is the downfall of Western civilization itself into a dark age of totalitarianism

Well...it looks like that's where the Libbies wanna go.

Its so lonely in m'saddle since m'horse died.

Posted
23 minutes ago, Nationalist said:

Well...it looks like that's where the Libbies wanna go.

Yeah, that and a global move to CBDC’s.  They are just waiting for a crisis to take advantage of…

  • Like 1
Posted
On 8/28/2023 at 1:49 PM, Dougie93 said:

the BRICS are no safe haven

the flight to quality is to the protections of the American constitution & rule of law

nefarious bad actors & rogue states are forced to do business with the BRICS perhaps

but that actually reinforces King Dollar's position as the only safe haven

American rule of law.  That lets a sitting Vice President use a billion dollars to blackmail the Ukraine government?  Lets that same VP hoard classified documents he has no legal right to?  While prosecuting a former president for the very same thing, when said president at least has a right to declassify such documents?

This rule of law is now persecuting Trump THREE years after he left office, while J6 “criminals” have already been convicted and served their time and are now free.

This American rule of law has been weaponized to throw the 2024 election, or they would have indicted Trump for his “crimes” back in 2021 instead of now, with court dates set for 2024.

The US is no better than many of those bad actors you mention.  This is why BRICS formed in the first place, an attempt to defend against an empire that wants to force it to knuckle under.  And now the US is on the verge of another depression.  I take no joy in recognizing this, I’ve been a loyal fan of the USA, but they and the empire behind them are corrupt to the core.

  • Like 1
Posted
7 hours ago, sharkman said:

American rule of law.  That lets a sitting Vice President use a billion dollars to blackmail the Ukraine government?  Lets that same VP hoard classified documents he has no legal right to?  While prosecuting a former president for the very same thing, when said president at least has a right to declassify such documents?

This rule of law is now persecuting Trump THREE years after he left office, while J6 “criminals” have already been convicted and served their time and are now free.

This American rule of law has been weaponized to throw the 2024 election, or they would have indicted Trump for his “crimes” back in 2021 instead of now, with court dates set for 2024.

The US is no better than many of those bad actors you mention.  This is why BRICS formed in the first place, an attempt to defend against an empire that wants to force it to knuckle under.  And now the US is on the verge of another depression.  I take no joy in recognizing this, I’ve been a loyal fan of the USA, but they and the empire behind them are corrupt to the core.

well even if that is the case, the BRIC's are still not an alternative hegemonic order

if the Hegemony itself is collapsing, then the safe haven would be physical gold

Posted
On 8/30/2023 at 8:53 AM, sharkman said:

Yeah, that and a global move to CBDC’s.  They are just waiting for a crisis to take advantage of…

Everything is a conspiracy!  Everything!  ?

"A man is no more entitled to an opinion for which he cannot account than he does for a pint of beer for which he cannot pay" - Anonymous

Posted
On 9/1/2023 at 10:16 AM, Moonbox said:

Everything is a conspiracy!  Everything!  ?

Here’s a conspiracy for you.  Russia and Saudi Arabia are going to use oil as a weapon.  They will cut oil production which will hurt our economies.

https://www.cnbc.com/amp/2023/09/05/saudi-arabia-to-extend-voluntary-cut-of-1-million-barrels-per-day-until-the-end-of-the-year.html

Riyadh first applied the 1 million barrel per day reduction in July and has since extended it on a monthly basis. The cut adds to 1.66 million barrels per day of other voluntary crude output declines that some members of OPEC have put in place until the end of 2024.

Fellow heavyweight oil producer Russia — which leads the contingent that joins OPEC nations in the OPEC+ coalition — also pledged to voluntarily reduce exports by 500,000 barrels per day in August and by 300,000 barrels per day in September. Russian Deputy Prime Minister Alexander Novak on Tuesday said that it will extend its 300,000 barrels per day reduction of exports until the end of December 2023 and will likewise review the measure on a monthly basis, according to the Kremlin.

Will these cuts raise the prices of oil and gas?   Right now oil is flirting with $87 per barrel.

 

 

Posted
On 9/6/2023 at 10:19 AM, sharkman said:

Here’s a conspiracy for you.  Russia and Saudi Arabia are going to use oil as a weapon.  They will cut oil production which will hurt our economies.

https://www.cnbc.com/amp/2023/09/05/saudi-arabia-to-extend-voluntary-cut-of-1-million-barrels-per-day-until-the-end-of-the-year.html

Riyadh first applied the 1 million barrel per day reduction in July and has since extended it on a monthly basis. The cut adds to 1.66 million barrels per day of other voluntary crude output declines that some members of OPEC have put in place until the end of 2024.

Fellow heavyweight oil producer Russia — which leads the contingent that joins OPEC nations in the OPEC+ coalition — also pledged to voluntarily reduce exports by 500,000 barrels per day in August and by 300,000 barrels per day in September. Russian Deputy Prime Minister Alexander Novak on Tuesday said that it will extend its 300,000 barrels per day reduction of exports until the end of December 2023 and will likewise review the measure on a monthly basis, according to the Kremlin.

Will these cuts raise the prices of oil and gas?   Right now oil is flirting with $87 per barrel.

 

 

Well gas prices are on the rise again. According to the Libbies here, that's irrelevant. What do you think @sharkman? Are the prices at the pump...irrelevant?

Its so lonely in m'saddle since m'horse died.

Posted

Who said it was irrelevant?  ?

 

"A man is no more entitled to an opinion for which he cannot account than he does for a pint of beer for which he cannot pay" - Anonymous

Posted (edited)
5 hours ago, Nationalist said:

Well gas prices are on the rise again. According to the Libbies here, that's irrelevant. What do you think @sharkman? Are the prices at the pump...irrelevant?

Officially, definitely irrelevant.  But on the down low, the rising prices are welcomed and even encouraged, by governments and evil organizations like the world economic forum.  

Getting people out of internal combustion based vehicles is the goal, whatever it takes.  Just as electricity bills have been rising to force folks to switch to LED lighting and energy star appliances.  

Next up?  Fifteen minute cities.

Edited by sharkman
Posted

Fifteen minute cities, electronic tracking microchips, mind-control vampires from Zeta-Reticuli AND quantum computers something something WEF.  ?

"A man is no more entitled to an opinion for which he cannot account than he does for a pint of beer for which he cannot pay" - Anonymous

Posted
10 minutes ago, Moonbox said:

Fifteen minute cities, electronic tracking microchips, mind-control vampires from Zeta-Reticuli AND quantum computers something something WEF.  ?

I notice you completely ignore the Saudi and Russian oil move which is raising gas prices.  Yuk it up all you want but 15 minute cities and the WEF are real things, just like CBDC is.

Posted
1 hour ago, sharkman said:

Officially, definitely irrelevant.  But on the down low, the rising prices are welcomed and even encouraged, by governments and evil organizations like the world economy forum.

Getting people out of internal combustion based vehicles is the goal, whatever it takes.  Just as electricity bills have been rising to force folks to switch to LED lighting and energy star appliances.  

Next up?  Fifteen minute cities.

1t5 minute cities?

Its so lonely in m'saddle since m'horse died.

Posted
27 minutes ago, sharkman said:

I notice you completely ignore the Saudi and Russian oil move which is raising gas prices.  Yuk it up all you want but 15 minute cities and the WEF are real things, just like CBDC is.

WEF is real.  It's just not what you've deluded yourself into thinking it is.  

The Saudi and Russian oil move?  What about this do you figure is novel, or new?  They've been increasing and decreasing oil production to manipulate prices for longer than I've been alive.  OPEC is an oil cartel, and keeping prices artificially high is what they do.  ?

  • Thanks 1

"A man is no more entitled to an opinion for which he cannot account than he does for a pint of beer for which he cannot pay" - Anonymous

Posted
57 minutes ago, Moonbox said:

WEF is real.  It's just not what you've deluded yourself into thinking it is.  

The Saudi and Russian oil move?  What about this do you figure is novel, or new?  They've been increasing and decreasing oil production to manipulate prices for longer than I've been alive.  OPEC is an oil cartel, and keeping prices artificially high is what they do.  ?

OPEC isn’t doing it this time.

BRICS is far worse than OPEC.

The US no longer has any kind of treaty with Saudi Arabia.

Everyone in BRICS despises the US.

-Get back to me when you can evaluate current events.

 

Nationalist, you should google 15 minute cities.  It’s getting ridiculous with the climate changers in charge…

Posted
On 9/6/2023 at 7:19 AM, sharkman said:

Here’s a conspiracy for you.  Russia and Saudi Arabia are going to use oil as a weapon.  They will cut oil production which will hurt our economies.

https://www.cnbc.com/amp/2023/09/05/saudi-arabia-to-extend-voluntary-cut-of-1-million-barrels-per-day-until-the-end-of-the-year.html

Riyadh first applied the 1 million barrel per day reduction in July and has since extended it on a monthly basis. The cut adds to 1.66 million barrels per day of other voluntary crude output declines that some members of OPEC have put in place until the end of 2024.

Fellow heavyweight oil producer Russia — which leads the contingent that joins OPEC nations in the OPEC+ coalition — also pledged to voluntarily reduce exports by 500,000 barrels per day in August and by 300,000 barrels per day in September. Russian Deputy Prime Minister Alexander Novak on Tuesday said that it will extend its 300,000 barrels per day reduction of exports until the end of December 2023 and will likewise review the measure on a monthly basis, according to the Kremlin.

Will these cuts raise the prices of oil and gas?   Right now oil is flirting with $87 per barrel.

 

 

 

 

Which will help accelerate the move away from fossil fuels.

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