What are the implications of the purposeful devaluation of the dollar?

[snowdenisahero]

Bueller?

 

[oldfart]

Bueller?

Not gonna happen. Everybody is trying to devalue at the same time, a mathematical impossibility. We are stuck being the numeraire.

 

[jwoodie]

Bueller?

Not gonna happen. Everybody is trying to devalue at the same time, a mathematical impossibility. We are stuck being the numeraire.

Until somebody breaks out of the mold and adopts a gold standard, thereby becoming the world's premiere currency.

 

[snowdenisahero]

Bueller?

Not gonna happen. Everybody is trying to devalue at the same time, a mathematical impossibility. We are stuck being the numeraire.

Until somebody breaks out of the mold and adopts a gold standard, thereby becoming the world's premiere currency.

Like libia tried to do with the gold dinar, and why Gaddafi was murdered. China could also crash the dollar in an instant.

 

[The Rabbi]

Not gonna happen. Everybody is trying to devalue at the same time, a mathematical impossibility. We are stuck being the numeraire.

Until somebody breaks out of the mold and adopts a gold standard, thereby becoming the world's premiere currency.

Like libia tried to do with the gold dinar, and why Gaddafi was murdered. China could also crash the dollar in an instant.

Given that they hold trillions of dollars worth of bonds it would be most unwise.

 

[Oddball]

Oh yeah...Let the normalcy bias begin!

 

[snowdenisahero]

Until somebody breaks out of the mold and adopts a gold standard, thereby becoming the world's premiere currency.

Like libia tried to do with the gold dinar, and why Gaddafi was murdered. China could also crash the dollar in an instant.

Given that they hold trillions of dollars worth of bonds it would be most unwise.

Most unwise for who? China's sitting pretty regardless. What do they care, as they don't want the debt any longer. That's precisely what will speed up the crash of our economy.

 

[snowdenisahero]

Oh yeah...Let the normalcy bias begin!

What exactly do you mean?

 

[william the wie]

Oh yeah...Let the normalcy bias begin!

Quite true but Old Fart nailed it. With the coup in Australia, the bursting of the Chinese real estate bubble and institutionalization of bail-ins by the EU yesterday the Fed has zero wiggle room short of the Zimbabwe option.

 

[EdwardBaiamonte]

Not gonna happen. Everybody is trying to devalue at the same time, a mathematical impossibility. We are stuck being the numeraire.

yes, oldfart is half-right. With everyone devaluing at the same time many things stay relatively constant and so the damage is minimized, but it does introduce great inefficiency too as everyone gets side tracked into trying to figure where, when, and how the inflation will show in order to take advantage of it, rather than into trying to make the economy more productive and efficient with new products, etc.

 

[Rshermr]

Stock market is seeing record highs. Corporate earnings are likewise at record levels. Problem is that we still have too much unemployment, and way too much underemployment. Record levels of earnings going to the wealthy, while the middle class is stagnant. Devaluation of the $ would help exports. That would help from a demand standpoint. But listen to oldfart. He has that issue correct.

 

[Dont Taz Me Bro]

Bueller?

Not gonna happen. Everybody is trying to devalue at the same time, a mathematical impossibility. We are stuck being the numeraire.

It's already happening. Food prices, gas prices, everything has gone up.

 

[Dont Taz Me Bro]

Stock market is seeing record highs.

Fed pump

 

[oldfart]

Oh yeah...Let the normalcy bias begin!

Quite true but Old Fart nailed it. With the coup in Australia, the bursting of the Chinese real estate bubble and institutionalization of bail-ins by the EU yesterday the Fed has zero wiggle room short of the Zimbabwe option.

Yeah, sometimes the economics of empire suck. China gets to exploit the Congo while America gets to train the Afgan army.

 

[Rshermr]

Oh yeah...Let the normalcy bias begin!

Quite true but Old Fart nailed it. With the coup in Australia, the bursting of the Chinese real estate bubble and institutionalization of bail-ins by the EU yesterday the Fed has zero wiggle room short of the Zimbabwe option.

Yeah, sometimes the economics of empire suck. China gets to exploit the Congo while America gets to train the Afgan army.

What was it that liberal said about the military industrial complex??? You know, the guy who made the term famous.

 

[Sallow]

Bueller?

Not gonna happen. Everybody is trying to devalue at the same time, a mathematical impossibility. We are stuck being the numeraire.

Until somebody breaks out of the mold and adopts a gold standard, thereby becoming the world's premiere currency.

 

[editec]

Bueller?

What are the implications of the purposeful devaluation of the dollar?

Devalued AGAINST what, exactly?

Against other currencies or against commodities?

Makes a difference to the "implications"

 

[william the wie]

Not gonna happen. Everybody is trying to devalue at the same time, a mathematical impossibility. We are stuck being the numeraire.

Until somebody breaks out of the mold and adopts a gold standard, thereby becoming the world's premiere currency.

Check out the leaks on the declassified sections of the pentagon's economic war games. India, China and Russia are trying to put themselves in a position to do just that and in the short run it looked like it would work. Until the size of the China bubble bust leaked and the effects of fracking on the Russian economy kicked in that strategy and its protected results were not known.

 

[snowdenisahero]

Bueller?

What are the implications of the purposeful devaluation of the dollar?

Devalued AGAINST what, exactly?

Against other currencies or against commodities?

Makes a difference to the "implications"

The implications are the same. Devaluing the dollar does both. It's also not just commodities, but our entire way of life. This fiat paper is only backed by the power of the US military, and it's reach. Libya tried to compete with the Gold dinar, and Gaddafi was kileld for it.
The Federal Reserve's Explicit Goal: Devalue The Dollar 33% - Forbes
Enjoyable and informative video I just found: http://pro.stansberryresearch.com/1304PWAUP2YR/PPSIP620/

 

[snowdenisahero]

Quite true but Old Fart nailed it. With the coup in Australia, the bursting of the Chinese real estate bubble and institutionalization of bail-ins by the EU yesterday the Fed has zero wiggle room short of the Zimbabwe option.

Yeah, sometimes the economics of empire suck. China gets to exploit the Congo while America gets to train the Afgan army.

What was it that liberal said about the military industrial complex??? You know, the guy who made the term famous.

Last video in the OP thread: http://www.usmessageboard.com/polit...rested-and-tried-for-perjury-and-treason.html