The US economic model is fake and unsustainable, but it limps along only due to the rigged status of US dollar.
...
(Interest payments on US debt will exceed $1 TRILLION this year)
The US economic model is fake and unsustainable, but it limps along only due to the rigged status of US dollar.
...
(Interest payments on US debt will exceed $1 TRILLION this year)
Get ready for a multipolar world, dedollarization, and the reemergence of China as a global power.
theluckycountry wrote:The future is not predicable but I feel confident Gold's roll in it is. Especially if the BRICS base their common currency on it. And I can't see any way they could present an image of stability without it.
theluckycountry wrote:Get ready for a multipolar world, dedollarization, and the reemergence of China as a global power.
When I began buying Gold and silver I had many opinions on why it would protect my savings in the future. But they weren't my opinions, nor even the opinions of those writers online that motivated me. They were in fact simple reoccurring historical patterns. Gold always keeps pace with inflation for example, and nations, even modern ones, always go back to a form of Gold backed currency when the wheels eventually fall off their Fiat based debt backed swindles.
We are rapidly approaching that point in history again, only 50 since the world went off Gold. A little excursion, a monetary experiment where political economists assured us we didn't need the stability of Gold backing. Well good for them, they did me a great service because I was able to load up cheaply while everyone was buying CDOs and other highly taxed rubbish
The future is not predicable but I feel confident Gold's roll in it is. Especially if the BRICS base their common currency on it. And I can't see any way they could present an image of stability without it.
careinke wrote:Gold is an outdated money sold to suckers that want to hold on to the past.
careinke wrote:Gold is something pretty you give to your spouse in hopes of keeping her happy.
Peace
careinke wrote:
-Which BRICS country would you trust to hold the Gold?
-How would you trust the gold claimed even really existed?
-How do you audit the gold to make sure ALL of it is really gold??
-Can you name one country with a central bank currency backed by gold that did not eventually devalue their Fiat gold notes?
-Thanks in advance for your answers.
careinke wrote:Gold is an outdated money sold to suckers that want to hold on to the past.
Gold is the world's 7th most traded product, with a total trade of $434B. Between 2020 and 2021 the exports of Gold grew by 2.14%, from $425B to $434B. Trade in Gold represents 2.06% of total world trade.
Pops wrote:Interesting vid from Financial Times on the "inflation reduction act" and how Biden is out-trumping trump on globalisation, bringing the RE supply chain to the US.
How Biden's Inflation Reduction Act changed the world | FT Film
Pops wrote:It isn't a promise, it was passed & funded.
Supposedly prompting over $600B of investment so far
https://en.wikipedia.org/wiki/CHIPS_and_Science_Act#
The High Speed Ground Transportation Act was introduced immediately following the creation of Japan's first high-speed Shinkansen, or "bullet train" and was signed into law by President Lyndon B. Johnson as part of his Great Society infrastructure building initiatives. Johnson's remarks upon signing the bill included the following:
In recent decades, we have achieved technological miracles in our transportation. But there is one great exception.
We have airplanes which fly three times faster than sound. We have television cameras that are orbiting Mars. But we have the same tired and inadequate mass transportation between our towns and cities that we had 30 years ago.
theluckycountry wrote:Here's something that didn't work, which proves nothing ever will.
ralfy wrote:Interestingly enough, it shows that Biden is also doing MAGA, including retaining Trump's America First policies and calling for oil exploration.
Globalization is a term used to describe how trade and technology have made the world into a more connected and interdependent place. Globalization also captures in its scope the economic and social changes that have come about as a result.
An anti-ship cruise missile fired by Yemen's Houthi rebels struck a Norwegian-flagged tanker in the Red Sea near a key maritime chokepoint known as the Bab el-Mandeb Strait, where nearly 10% of all crude traded at sea passes through.
Reuters quoted Houthi military spokesperson Yehia Sarea, who said the tanker - named "Strinda" - was targeted because it was headed to an Israeli terminal, and the crew ignored all warnings. However, Strinda's owner, Norway's Mowinckel Chemical Tankers, said the vessel was bound for the Suez Canal and then on to Italy with a cargo containing vegetable oil and biofuels.
A US official told Reuters that the attack occurred about 60 nautical miles north of Bab al-Mandab Strait, connecting the Red Sea and the Gulf of Aden around 2100 GMT. After the attack, another official said the tanker could move under its own power.
theluckycountry wrote:This is the third ship they have attacked. I can't see how they can be allowed to continue with this behavior given the strategic importance of the strait. Both east and west are engaged in a lot of self-serving military endeavors but this is one threat that effects all players.
ralfy wrote:Interestingly enough, it shows that Biden is also doing MAGA, including retaining Trump's America First policies and calling for oil exploration.
EnergyUnlimited wrote:
I wonder when Somali pirates are going to seize control over American aircraft carrier, tow it away to safe harbor and demand ransom...
https://www.businessinsider.com/us-navy ... ers-2019-22019-- US Navy admits failure on $760 million weapon to protect its aircraft carriers from an age-old threat. The US Navy has shed light on a previously secret project to protect aircraft carriers from the grave and widespread threat of torpedoes, and it's been a massive failure. The Navy abandoned a program to detect and kill incoming torpedoes in the water after it failed to make progress in testing, leaving its most powerful ships highly vulnerable.
https://nationalinterest.org/blog/buzz/ ... tack-52422Sub-hunting frigates and destroyers form a closed perimeter around the carriers and cruisers they are escorting. Carriers also deploy acoustic decoys like the towed SLQ-25 Nixie designed to attract torpedoes to them.
Despite these precautions, diesel and nuclear-powered submarines have repeatedly succeeded in evading detection and “sinking” U.S. carriers during naval exercises. The new generation of Air-Independent Propulsion and/or Lithium-Ion Battery powered submarines are relatively cheap yet remain very quiet and have weeks of underwater endurance. Furthermore, they are just as capable of launching advanced new torpedoes as the U.S. Navy’s pricier nuclear-powered submarines.
Particularly, new wake-homing torpedoes such as the Russian Type 53 and Chinese Yu-9 are designed to track a large vessel's wake rather than its acoustic signature, rendering towed decoy and other countermeasures ineffective.
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