Cable Update (GBPUSD)

Quoting Bones

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{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%.

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Quoting Bones

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world war 2 not fiat money

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Quoting Zebi

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{quote} FDR took us off gold during the depression everyone thinks it was nixon in the 70's

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Quoting Zebi

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you all are forgetting theres countries that owe us money https://finance.yahoo.com/news/top-2...175515001.html

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Quoting Zebi

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{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

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Quoting Zebi

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{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....

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Quoting 7154Superman

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{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.

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Quoting Bones

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{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}

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Quoting dantpm

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{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...

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Quoting Zebi

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{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

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Quoting trumps

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{quote} It is Debt/GDP ratio that is the important value, not the raw debt number.

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Quoting dantpm

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{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!

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Quoting Zebi

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{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

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Quoting nubcake

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{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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Quoting trumps

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{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.

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Quoting Zebi

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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}

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Quoting dantpm

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{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...

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