UK THE Failed State

Ricter said:
GDP includes social and economic negative activity, and it's an aggregate figure that does not account for distribution and inequality.
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You follow this guy. Remind me why anyone should take a Canadian like yourself seriously. Is it because you think homosexuality yields offspring?

1-Insider-Krugman-PHOTO-jumbo-v2.jpg
 
ZBZB said:
back on track is not borrowing and printing money to increase the size of the state. That is debasement of the currency see the gold price in any currency.
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Currency will always “debase”, at least in the long term, because it’s fiat not finite. For the record, there is no difference between gold and fiat currency. Both are an intermediary of trade. If you want to impress me with “wealth” show me a warehouse of semiconductors! That’s real “wealth”.
 
UsualName said:
Currency will always “debase”, at least in the long term, because it’s fiat not finite. For the record, there is no difference between gold and fiat currency. Both are an intermediary of trade. If you want to impress me with “wealth” show me a warehouse of semiconductors! That’s real “wealth”.
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How did Weimar, Roman Empire, Zimbabwe, Argentina, Turkey go?
 
ZBZB said:
How did Weimar, Roman Empire, Zimbabwe, Argentina, Turkey go?
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Oh. You’re under the impression that empires are supposed to last forever. I’m sorry to tell you Santa Claus doesn’t really exist. Civilizations rise and fall. Leaf subsides to leaf. Dust to dust.
 
UsualName said:
Oh. You’re under the impression that empires are supposed to last forever. I’m sorry to tell you Santa Claus doesn’t really exist. Civilizations rise and fall. Leaf subsides to leaf. Dust to dust.
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So you think the American empire and its currency is going to fail but support the policies leading to its collapse!
 
ZBZB said:
So you think the American empire and its currency is going to fail but support the policies leading to its collapse!
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That’s like asking me if I believe the sun will set. The answer is yes. But if you want to believe it’s some sort of failure due to policies or currencies that I cannot help. It’s more of an ebb and flow. Other nations will rise and fall too. Nothing is permanent and all things are in a constant state of movement.

I get these are hard concepts to understand but America’s strength is in its industrial and military capacity. The dollar is a reflection of that.

People all of the world want it to one way where all of our countries currencies are equal but it’s not, it’s the other way. I get that feels “not fair” but it’s actually is fair. The US has the infrastructure, production means, defense capabilities to ensure massive commerce and protection of property. This is why the dollar is the preferred reserve currency. It’s because it’s the best guarantee to most if not all of the goods and services you would want. There is cabal or secret to this.
 
UsualName said:
That’s like asking me if I believe the sun will set. The answer is yes. But if you want to believe it’s some sort of failure due to policies or currencies that I cannot help. It’s more of an ebb and flow. Other nations will rise and fall too. Nothing is permanent and all things are in a constant state of movement.

I get these are hard concepts to understand but America’s strength is in its industrial and military capacity. The dollar is a reflection of that.

People all of the world want it to one way where all of our countries currencies are equal but it’s not, it’s the other way. I get that feels “not fair” but it’s actually is fair. The US has the infrastructure, production means, defense capabilities to ensure massive commerce and protection of property. This is why the dollar is the preferred reserve currency. It’s because it’s the best guarantee to most if not all of the goods and services you would want. There is cabal or secret to this.
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On a related note...
https://unherd.com/2023/04/americas-empire-is-bankrupt/
 
UsualName said:
That’s like asking me if I believe the sun will set. The answer is yes. But if you want to believe it’s some sort of failure due to policies or currencies that I cannot help. It’s more of an ebb and flow. Other nations will rise and fall too. Nothing is permanent and all things are in a constant state of movement.

I get these are hard concepts to understand but America’s strength is in its industrial and military capacity. The dollar is a reflection of that.

People all of the world want it to one way where all of our countries currencies are equal but it’s not, it’s the other way. I get that feels “not fair” but it’s actually is fair. The US has the infrastructure, production means, defense capabilities to ensure massive commerce and protection of property. This is why the dollar is the preferred reserve currency. It’s because it’s the best guarantee to most if not all of the goods and services you would want. There is cabal or secret to this.
More...

Freeze government expenditure and borrow less money may save the currency.
 
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