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  • #819,401
  • Mar 29, 2024 3:33pm Mar 29, 2024 3:33pm
you all are forgetting theres countries that owe us money

https://finance.yahoo.com/news/top-2...175515001.html
short trump and go long the deepstate
  • #819,402
  • Mar 29, 2024 3:35pm Mar 29, 2024 3:35pm
world war 2 not fiat money
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #819,403
  • Mar 29, 2024 3:37pm Mar 29, 2024 3:37pm
Quoting Bones
{quote} At anything over 100% theres going to be a default, it can be inflated away, which is a default. Every Fiat Currency in history never came back from over 100%.

i dont like that we give away so much money to undeserving countries...as a liberal id rather that money went to the poor inside usa instead of to these bullshit countries we're giving it to now
short trump and go long the deepstate
  • #819,404
  • Mar 29, 2024 3:37pm Mar 29, 2024 3:37pm
Quoting Bones
world war 2 not fiat money

FDR took us off gold during the depression

everyone thinks it was nixon in the 70's
short trump and go long the deepstate
  • #819,405
  • Mar 29, 2024 3:46pm Mar 29, 2024 3:46pm
Quoting Zebi
{quote} FDR took us off gold during the depression everyone thinks it was nixon in the 70's
That is because it ended then, also there was a baby boom after the war, something could happen like AI I guess but I'm not seeing it.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #819,406
  • Mar 29, 2024 3:51pm Mar 29, 2024 3:51pm
Quoting Zebi
you all are forgetting theres countries that owe us money https://finance.yahoo.com/news/top-2...175515001.html
negative net number
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #819,407
  • Mar 29, 2024 4:08pm Mar 29, 2024 4:08pm
Quoting Zebi
{quote} i dont like that we give away so much money to undeserving countries...as a liberal id rather that money went to the poor inside usa instead of to these bullshit countries we're giving it to now
Yes, that's how Trump thinks. He will keep our money in-house and get rid of the debt.
You basically laid out what the Biden administration has done to us.
You cannot fail if you never give up.
  • #819,408
  • Mar 29, 2024 4:10pm Mar 29, 2024 4:10pm
Quoting Zebi
{quote} you guys are still goin on about the usa debt...you do know more people have lost more money betting against the usa dont you LOL from this chart looks like we still havent broke above the ww2 debt we had...and projections are just guesses...covid screwed everything up...its always been my contention that the "inflation" we have now isnt really the old school definition of inflation...its more price gouging by greedy corporations https://www.cfr.org/backgrounder/us-...%20the%201940s....
Zebi, Happy Good Friday or whatever atheists choose to celebrate today!

You are talking about the Covid virus that Fauci arranged for when he visited the Chinese labs where Covid originated before covid?

No one is betting against the US Zebi, people here are trying to figure out where the US$ is going!

https://www.investopedia.com/us-nati...y-year-7499291

The US has broke so far above the WW2 debt that the WW2 debt looks like a rounding error!

Inflation is about preserving the myth that the US$ actually has nominal value as perceived by markets that can be traded!
  • #819,409
  • Mar 29, 2024 4:13pm Mar 29, 2024 4:13pm
Quoting 7154Superman
{quote} Yes, that's how Trump thinks. He will keep our money in-house and get rid of the debt. You basically laid out what the Biden administration has done to us.

the only problem is trumps a fascist that wants to undermine democracy

if the dems wised up and stopped the illegals cause even us liberals are tired of them theyd rule for the next 50 years like after FDR...it wasnt till reagan that the conservatives got voted back in....eisenhower was a republican but wasnt a conservative.... he prolly spent more keeping people employed building the interstate hiway system and other infrastructure projects than even FDR did
short trump and go long the deepstate
  • #819,410
  • Mar 29, 2024 4:17pm Mar 29, 2024 4:17pm
Quoting Bones
{quote} Im not sure what you mean, if we agree M3 is the money supply? it has fallen a little. Most likely it's from less loans being issued generally, because the federal government is on overdrive. Their spending adds to the supply if its borrowed. {image}
I believe you need M2 + M3 to define money supply.

https://www.clearcapital.com/resourc...s%20in%20banks.
  • #819,411
  • Mar 29, 2024 4:19pm Mar 29, 2024 4:19pm
Quoting dantpm
{quote} Zebi, Happy Good Friday or whatever atheists choose to celebrate today! You are talking about the Covid virus that Fauci arranged for when he visited the Chinese labs where Covid originated before covid? No one is betting against the US Zebi, people here are trying to figure out where the US$ is going! https://www.investopedia.com/us-nati...y-year-7499291 The US has broke so far above the WW2 debt that the WW2 debt looks like a rounding error! Inflation is about preserving the myth that the US$ actually has nominal...
It is Debt/GDP ratio that is the important value, not the raw debt number.
Compulsions can be hard to resist
  • #819,412
  • Mar 29, 2024 4:22pm Mar 29, 2024 4:22pm
Quoting Zebi
{quote} the only problem is trumps a fascist that wants to undermine democracy if the dems wised up and stopped the illegals cause even us liberals are tired of them theyd rule for the next 50 years like after FDR...it wasnt till reagan that the conservatives got voted back in....eisenhower was a republican but wasnt a conservative.... he prolly spent more keeping people employed building the interstate hiway system and other infrastructure projects than even FDR did
So, by your admission, our democracy really has gone to shit, rotten to the core. That's why we need Trump to upset the fruit basket (publicly perceived norm) so we really can start over again from scratch.
You cannot fail if you never give up.
  • #819,413
  • Mar 29, 2024 4:24pm Mar 29, 2024 4:24pm
Quoting trumps
{quote} It is Debt/GDP ratio that is the important value, not the raw debt number.
Debt/GDP is the myth perpetuated by the US government that it has more income than expenses suggesting that it actually might be able to repay the debt some day.
The problem is that the surplus is so small that it would take a bazillion years for the US to pay off its debt unless it raises taxes!
  • #819,414
  • Mar 29, 2024 4:32pm Mar 29, 2024 4:32pm
Quoting dantpm
{quote} Debt/GDP is the myth perpetuated by the US government that it has more income than expenses suggesting that it actually might be able to repay the debt some day. The problem is that the surplus is so small that it would take a bazillion years for the US to pay off its debt unless it raises taxes!
There are other factors such as inflated interest payments etc, but the ratio is more relevant than the raw number given the larger economy and income than in 1946.
Compulsions can be hard to resist
  • #819,415
  • Mar 29, 2024 4:34pm Mar 29, 2024 4:34pm
Quoting Zebi
{quote} the only problem is trumps a fascist that wants to undermine democracy if the dems wised up and stopped the illegals cause even us liberals are tired of them theyd rule for the next 50 years like after FDR...it wasnt till reagan that the conservatives got voted back in....eisenhower was a republican but wasnt a conservative.... he prolly spent more keeping people employed building the interstate hiway system and other infrastructure projects than even FDR did
I think Trump meant well.
He tried to make bridges with Russia and even N.Korea, rather than the tradition of refusing to talk unless they played ball.
He saw the traditional establishment within politics as a real hinderance to progress.
Compulsions can be hard to resist
  • #819,416
  • Mar 29, 2024 4:36pm Mar 29, 2024 4:36pm
Got to go, enjoy Easter
Compulsions can be hard to resist
  • #819,417
  • Mar 29, 2024 4:43pm Mar 29, 2024 4:43pm
Quoting nubcake
{quote} Not a single person other than myself knows of my positions, past or present. Just because you aren't smart enough to tell when someone is pulling your chain by implying I faded your position doesn't mean anything other than you aren't very smart, which we all know already.
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  • #819,418
  • Mar 29, 2024 5:15pm Mar 29, 2024 5:15pm
Quoting trumps
{quote} There are other factors such as inflated interest payments etc, but the ratio is more relevant than the raw number given the larger economy and income than in 1946.
The basic economics should apply the same today as they did in the past. Tax revenue each year should limit spending each year, just like every business is supposed to run. Sure you can capitalize some expenditures to spread them over longer timeframes but that suggests that you cut back someplace else so you can carry debt for an extended period. In the US they completely ignore these concepts and believe that they have an unlimited ability to borrow and spend! The result of this perpetually spending more than you take in is inflation and a transfer of wealth from the poor and middle class to the rich!
  • #819,419
  • Mar 29, 2024 5:27pm Mar 29, 2024 5:27pm
Quoting Zebi
nordling...whats the feeling about this election in turkey https://www.forexfactory.com/news/12...-wins-istanbul i posted a usdtry chart last year about receps stupid ass and the inflation hes causing ...when are you all gona get rid of him like we're doing with donald how long did his son in law last as head of the central bank or is he still in the job? usdtry could fall if receps party loses in the elections {image} {image}
Sadly these elections don't mean much. It's just local elections, city parliaments and mayors will be elected. The general elections, most important one was back in May 2023 and sadly Erdo won with 52% and we, opposition lost with 48%.

However some economists say that Turkish Central Bank has not much reserves left so Erdo has to raise interest rates sooner or later. Interest rate is at 50% right now and it can go to 80% they say.

I am more interested in how fast they are going to do it rather than how far they will go. If they are slow with the hikes market won't favor TRY. If we see shock rate hikes, well above expectations, then we will see USDTRY going down.

I don't think Erdo will want to hike the rates so fast and well above the expectations. Since that can hurt the GDP and unemployment. He will try to be cautious as possible since his main voters are business owners and retailers. At most he can go slightly above expectations for once or twice so they keep the USDTRY from rising. But overall i don't see a big bearish trend coming up for USDTRY. Either ranging sideways or it will continue up.
You have to have an IQ higher than 90 to interact with this user.
  • #819,420
  • Mar 29, 2024 5:42pm Mar 29, 2024 5:42pm
Quoting dantpm
{quote} The basic economics should apply the same today as they did in the past. Tax revenue each year should limit spending each year, just like every business is supposed to run. Sure you can capitalize some expenditures to spread them over longer timeframes but that suggests that you cut back someplace else so you can carry debt for an extended period. In the US they completely ignore these concepts and believe that they have an unlimited ability to borrow and spend! The result of this perpetually spending more than you take in is inflation and...
I see you on that, but you have taken this convo beyond the scope of my original reply.
Compulsions can be hard to resist
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