echelon1k1
New Member
yeah gotta keep those "drug war" dollars rolling while supporting all the narcos down south... But a lazy fuck like you would think doing nothing is something...
Impossible! The deficit is falling as well as unemployment Obama wrecking economy
- Thread starter ChesusRice
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twostrokenut
Well-Known Member
echelon1k1
New Member
I got dark alliance, it's quite an eye opener... In more recent news Philip Marshall, has gone the way of Gary Webb... And the two are connected.
twostrokenut
Well-Known Member
Both on the read list now, thanks.
When ignorance judges wisdom, it means nothing.This thread sucks without tokenperv looking stupid all the time...
twostrokenut
Well-Known Member
You really claiming wisdom? Or are you claiming the ignorance?
Harrekin
Well-Known Member
Willful ignorance I think.
The wisdom, of course!
twostrokenut
Well-Known Member
So I got to thinking of other reasons maybe inflation seems to be keeping up with wages (even though it's not).......don't we export lots of our inflation to other countries as well? Those invested in dollars?
How would that have anything to do with "inflation...keeping up with wages"? Regardless, inflation isn't "exported." If you value transactions in dollars, you reflect inflation in your valuations.
twostrokenut
Well-Known Member
I think anyone holding dollars is absorbing inflation, because they are literally holding inflation. Like when foreign banks hold dollars for reserves for their own currency. Or when China accepts dollars for goods all while financing us the dollars we used to buy their goods......your "valuation" would not happen until those dollars were used.
The valuation takes place at the time you get the dollars. They're worth what they're worth; what you do to maintain that value from then on is an entirely different question. I question your assertion that central bank reserves are supposed to hold value, though. That's not the intended purpose at all.
Of course, anyone holding any currency anywhere in the world is absorbing inflation. For China specifically: their inflation rate is worse than the United States inflation rate, so all other things being equal, they actually should prefer to hold dollars.
twostrokenut
Well-Known Member
Na China prefers to hold gold....for some reason they still like buying our debt but that could stop tomorrow or whenever they decide to consume their own products. I am not asserting anything about central bank reserves just thinking how pissed everyone is going to be when the world reserve currency (bills of credit)turns into worthlessness....
....the thing people tend to forget is that when paper money was prohibited in the Constitution it was because the guys that wrote it literally just failed with paper money in their own respective colonies....they saw how it didn't work based off fresh examples from their lifetime.....Hamilton was shot for a reason.
....the thing people tend to forget is that when paper money was prohibited in the Constitution it was because the guys that wrote it literally just failed with paper money in their own respective colonies....they saw how it didn't work based off fresh examples from their lifetime.....Hamilton was shot for a reason.
Obviously China doesn't prefer gold. They choose to put a tiny fraction of their foreign reserves into it; the rest is foreign currency. Trillions of dollars worth.
Paper money isn't prohibited in the constitution.
twostrokenut
Well-Known Member
Hey no need to quote if mine's right above yours lol
twostrokenut
Well-Known Member
Yes it is. Surely we all know what bills of credit are and why they were allowed at the federal level only. Certainly not to be used as currency.
If the constitution said it you would be quoting the constitution. The constitution doesn't say it.
twostrokenut
Well-Known Member
article 1 section 10 clause 1.........no state shall..........knowing full well at the time all people were state citizens....not federal citizens.
No state. The states cannot issue their own private paper currencies. The federal government is not a state.