The $ ain't what it used to be...

[Crnr2Crnr]

and it will likely continue to become worth less over time.

https://finance.yahoo.com/news/jeffrey-gundlach-view-on-the-us-dollar-decline-154813067.html

Who's ready to be #2 ?

USA USA USA USA USA 

[Angry ginger]

21 minutes ago, Crnr2Crnr said:

and it will likely continue to become worth less over time.

https://finance.yahoo.com/news/jeffrey-gundlach-view-on-the-us-dollar-decline-154813067.html

Who's ready to be #2 ?

USA USA USA USA USA 

Chinese have played a long game and are winning.  we don't have the balls to take back our superiority in the world.  Esp with our current administration.  

[Cold War]

I can’t think of anything worse than being a self loathing ugly liberal.  

[Crnr2Crnr]

6 minutes ago, Angry ginger said:

Chinese have played a long game and are winning.  we don't have the balls to take back our superiority in the world.  Esp with our current administration.  

They invented paper currency (bank notes), and gunpowder.  Coincidence?  I think not.  

We've collectively been on the decline since the 1980s and us as conspicuous consumers buying Chinese manufactured products sold by 'American' companies for all these years has been slowly slitting our own throats.  We rightfully deserve the bed we're going to sleep in.  So in reference to the long game you are right on the money, and not the almighty dollar.

[Crnr2Crnr]

1 minute ago, Cold War said:

I can’t think of anything worse than being a self loathing ugly liberal.  

wtf are you going on about?

[Zambroski]

2 hours ago, Angry ginger said:

Chinese have played a long game and are winning.  we don't have the balls to take back our superiority in the world.  Esp with our current administration.  

The term “you are only a strong as your weakest link” works here.  And we have a lot of weak links here.

[racer254]

12 hours ago, Zambroski said:

The term “you are only a strong as your weakest link” works here.  And we have a lot of weak links here.

Bingo, but no more mean tweets.

[Zambroski]

11 minutes ago, racer254 said:

Bingo, but no more mean tweets.

So many hurt feels, so little time.  Poor little fucking babies.

[ActionfigureJoe]

16 hours ago, Crnr2Crnr said:

and it will likely continue to become worth less over time.

https://finance.yahoo.com/news/jeffrey-gundlach-view-on-the-us-dollar-decline-154813067.html

Who's ready to be #2 ?

USA USA USA USA USA 

The only reason the dollar is worth anything is that people believe it’s worth something. Kind of weird when it’s based on nothing at all. One of China’s main issues with the US is our fiat money. And for good reason. 

[Zambroski]

3 minutes ago, ActionfigureJoe said:

The only reason the dollar is worth anything is that people believe it’s worth something. Kind of weird when it’s based on nothing at all. One of China’s main issues with the US is our fiat money. And for good reason. 

This isn’t true….not even close.

[snoughnut]

15 hours ago, Crnr2Crnr said:

They invented paper currency (bank notes), and gunpowder.  Coincidence?  I think not.  

We've collectively been on the decline since the 1980s and us as conspicuous consumers buying Chinese manufactured products sold by 'American' companies for all these years has been slowly slitting our own throats.  We rightfully deserve the bed we're going to sleep in.  So in reference to the long game you are right on the money, and not the almighty dollar.

You are dead wrong, which came first the chicken or the egg? American consumers are not to blame for the raping of this country, it is your politicians enabled by big corps. that seek out cheap labor vs American labor and it's been slowly happening for the last 30 years. There was a time when just about everything was made here and American consumers had no problem buying Made in the USA products. This country has ben sold out by corps. and politicians.......not the American consumer.

[ActionfigureJoe]

1 minute ago, Zambroski said:

This isn’t true….not even close.

Yeah…ok 

[Zambroski]

Just now, ActionfigureJoe said:

Yeah…ok 

Just plain agreeing with people that you know are more intelligent than you automatically makes you look smarter.

Well done.

[ActionfigureJoe]

1 minute ago, Zambroski said:

Just plain agreeing with people that you know are more intelligent than you automatically makes you look smarter.

Well done.

I’ve lost the need to get the last word in years ago. Go ahead. 

[Crnr2Crnr]

2 hours ago, snoughnut said:

You are dead wrong, which came first the chicken or the egg? American consumers are not to blame for the raping of this country, it is your politicians enabled by big corps. that seek out cheap labor vs American labor and it's been slowly happening for the last 30 years. There was a time when just about everything was made here and American consumers had no problem buying Made in the USA products. This country has ben sold out by corps. and politicians.......not the American consumer.

Precisely who has been purchasing said goods from said corporations who grease said politicians?

WE, the consumers who love our cheap goods, that's who.  We're on the same team, but it's my opinion we're just as much at fault as the corporations who've outsourced our dirty manufacturing and the politicians who enable it.

We have the 'freedom' to decide, but 'we' don't actually care where our cheap throw away consumables come from.  So it's on 'us'.

[Crnr2Crnr]

2 hours ago, ActionfigureJoe said:

The only reason the dollar is worth anything is that people believe it’s worth something. Kind of weird when it’s based on nothing at all. One of China’s main issues with the US is our fiat money. And for good reason. 

We're never going back to the gold standard.  Which is a whole nutha can of worms.  Ron Paul was right, on this matter.

 

 

 

[Highmark]

3 hours ago, ActionfigureJoe said:

The only reason the dollar is worth anything is that people believe it’s worth something. Kind of weird when it’s based on nothing at all. One of China’s main issues with the US is our fiat money. And for good reason. 

And what is China's money backed by or how is its valuation set?   What is anyone's anymore?

wiki

Valuation[edit]

Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity.^[7] However, more recently, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the American Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012.^[8] Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013,^[9] 5th by 2015,^[10] but 6th in 2019.^[11]

On 1 October 2016, the RMB became the first emerging market currency to be included in the IMF's special drawing rights basket, the basket of currencies used by the IMF (reserve currency).^[12]

[snoughnut]

3 minutes ago, Crnr2Crnr said:

Precisely who has been purchasing said goods from said corporations who grease said politicians?

WE, the consumers who love our cheap goods, that's who.  We're on the same team, but it's my opinion we're just as much at fault as the corporations who've outsourced our dirty manufacturing and the politicians who enable it.

We have the 'freedom' to decide, but 'we' don't actually care where our cheap throw away consumables come from.  So it's on 'us'.

Once again.....bullshit. Are you stupid? You can't buy the product unless the decision to make it elsewhere comes first. The greed of American corps. and politicians is the problem. Consumers really don't have a choice, barely anything is made here any more, just walk into a shoe store and try to buy an American made shoe, good luck. Pull your head out of your ass and see the big picture, this country has been sold out and you believe its the American consumer. 

[Crnr2Crnr]

4 minutes ago, snoughnut said:

Once again.....bullshit. Are you stupid? You can't buy the product unless the decision to make it elsewhere comes first. The greed of American corps. and politicians is the problem. Consumers really don't have a choice, barely anything is made here any more, just walk into a shoe store and try to buy an American made shoe, good luck. Pull your head out of your ass and see the big picture, this country has been sold out and you believe its the American consumer. 

Oh, now you want to talk about convenience?  There's plenty of American made shoes and boots, it's just inconvenient (or possibly too expensive) for you (or others) to purchase them and support American workers and retailers.  

Straw man...

[ActionfigureJoe]

2 minutes ago, Crnr2Crnr said:

Oh, now you want to talk about convenience?  There's plenty of American made shoes and boots, it's just inconvenient (or possibly too expensive) for you (or others) to purchase them and support American workers and retailers.  

Straw man...

I bought a US made blender last year. Price without discounts was $600. The Chinese made counterpart was $150. Not everyone can afford American made goods or see the added value. 

[ActionfigureJoe]

15 minutes ago, Highmark said:

And what is China's money backed by or how is its valuation set?   What is anyone's anymore?

wiki

Valuation[edit]

Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity.^[7] However, more recently, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the American Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012.^[8] Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013,^[9] 5th by 2015,^[10] but 6th in 2019.^[11]

On 1 October 2016, the RMB became the first emerging market currency to be included in the IMF's special drawing rights basket, the basket of currencies used by the IMF (reserve currency).^[12]

Why is the Chinese get hammered with market manipulation when America is the master of the world at it? And as for stealing tech, america did it to the Europeans without a twitch of guilt. 

[Highmark]

2 minutes ago, ActionfigureJoe said:

Why is the Chinese get hammered with market manipulation when America is the master of the world at it? And as for stealing tech, america did it to the Europeans without a twitch of guilt. 

Link?  Not saying its not true just like to see some evidence.

[Crnr2Crnr]

12 minutes ago, ActionfigureJoe said:

I bought a US made blender last year. Price without discounts was $600. The Chinese made counterpart was $150. Not everyone can afford American made goods or see the added value. 

I'd speculate you probably didn't buy it from Walmart or a store who's inventory is primarily cheap shit made in China.

That must have been an awful inconvenience for you. 

[ActionfigureJoe]

13 minutes ago, Crnr2Crnr said:

I'd speculate you probably didn't buy it from Walmart or a store who's inventory is primarily cheap shit made in China.

That must have been an awful inconvenience for you. 

Delivered to my front door. Amazon is your friend. 

[ActionfigureJoe]

24 minutes ago, Highmark said:

Link?  Not saying its not true just like to see some evidence.

It’s not hard to find. Every developing nation has done it. 
 

https://www.google.com/amp/s/www.history.com/.amp/news/industrial-revolution-spies-europe