America is stretched to breaking point: watch the markets

[slipperylobster]

Though there's room for improvement, the US is doing pretty good:

http://money.cnn.com/2014/11/07/news/economy/october-jobs-report-unemployment-fall/index.html

U.S. has added 2.3 million jobs this yearEmployers added 214,000 jobs in October, continuing a trend of strong job growth this year that is on track to be the best for America since 1999.

The unemployment rate fell to 5.8%, according the government report released Friday. The rate fell below 6% in September for the first time in six years.

Indeed, the US has gone from losing 400,000 jobs a month in Q4 of 2008 and the 1H 2009 to several dozen months of a consistent job creation. The job creation has been steady and its also been increasing.

The next president is going to have to start dealing with radical changes to the society and culture due to the structural changes of the new cyber economy. We no longer need "full employment" by traditional and customary standards. in the America that's already begun to take shape, full employment may mean 60% of the labor market works.

Eventually under the evolving cyber economy as few as 30% can do all the work, perhaps 40% -- it's just not that clear yet. Short of gassing 100 million fellow Americans one happens not to like, we're going to have to restructure and reorient our society and culture to comport to the new economic realities.

So you and I are basically on the same page as far as the unemployment data and realities are concerned...it certainly is positive and great to see that one-time 10% unemployment figure crash through the 6% floor.

Still need burger flippers....

[Asiantravel]

Unemployment as of today is at 5.8% which is the lowest level in umpteen years since Geo W Bush created almost as much joblessness as Herbert Hoover. The current data isn't perfect, it just keeps steadily moving in the right direction.

Now pay working stiffs that work long and hard hours a new minimum wage so the government's transfer programs can be further reduced.

The US continues on the upswing while Russia and China continue to crumble. Brazil isn't doing very well either and India remains India.

" China continue to crumble "

Britain to include China's RMB as foreign currency reserve

http://news.xinhuanet.com/english/business/2014-09/13/c_126981640.htm

Anyone who might like to think or want to believe Washington and Wall Street are sitting on their hands while China takes control of the world is off their rocker.

Happening here is that London and Luxembourg are competing to outdo the other in international trade and banking. China is a major player in global trade so this gives London a leg up on Lux. Paris and Bonn are in the bidding too.

For a look at the CCP Boyz in Beijing, gold, a global reserve currency and/or global currency of trade, try this link: https://www.bullionstar.com/blog/koos-jansen/china-aims-official-gold-reserves-8500t/

Meanwhile, given that you mention the CNY, it is interesting that Yahoo News carried the article below which originally appeared in Business Insider.

About three months ago Yahoo News was banned in the PRChina by the CCP Boyz in Beijing. Yahoo News is shut out of the PRChina by the CCP Boyz, completely blocked, completely censored out by the CCP's Great Firewall of China. Google has been shut out all year by the CCP Boyz and it looks like there's no going back on either side in this one. Xi Jinping demands obedience, 100% period.

Don't have to look much or far to see why....

China's Banks Are Getting Ready For A Debt Implosion

By Linette LopezOctober 16, 2014 1:03 PM gallery

China's banking system has piled up the most bad loans of any time since the financial crisis, and the banks are preparing for the moment those debts collapse. Especially in corporate and property sectors, things are looking dire,

To Societe Generale analyst Wei Yao, this just adds fuel to China's debt fire. "The cure should be capacity consolidation and debt restructuring, rather than another stimulus package targeted to boost investment demand," she wrote in a recent note.

http://finance.yahoo.com/news/chinas-banks-getting-ready-debt-170325658.html

Last month real estate giant Agile Property Holdings scared the wits out of investors when the $20 billion development company canceled a $360 million share offering because its chairman, billionaire Chen Zhuolin suddenly disappeared.

In March the real estate major Zhejiang Xingrun Real Estate Co. collapsed under $571 million in debt. (1 USDollar = 6 CNYuan)

Zombiefied

China Flinched

China flinched again.

The country's central bank will inject $32 billion into the country's banking system, according to The Wall Street Journal. The capital will go to 20 major and regional banks.

Banks are already holding a lot of debt on their balance sheets as the country's debt to GDP level hit 250% this summer.

Banks are doing whatever they can to raise some cash to stay afloat and they worry of implosions across sectors the government once propped up (like housing, of course).

Read more: http://www.businessinsider.com/china-injects-32-billion-into-banks-2014-10#ixzz3IVEf0VBe.

100 likes if I had them.

"the country's debt to GDP level hit 250% this summer."

Note that the US is at about 90%, the UK is just over 100% (Whooda thunk the UK was in debt worse than the US after listening to the incessant noise from UKers) and Japan is right about where China is.

I wonder if this 250% includes the massive Chinese Shadow Banking System which isn't officially recognized?

China is tits up and waiting for the other shoe to drop.

Crazy isn't it? And yet, when Japan with its 240% debt to GDP announced even more quantitative easing last week it resulted in the American stock-market reaching new highs.

[Asiantravel]

Though there's room for improvement, the US is doing pretty good:

http://money.cnn.com/2014/11/07/news/economy/october-jobs-report-unemployment-fall/index.html

Indeed, the US has gone from losing 400,000 jobs a month in Q4 of 2008 and the 1H 2009 to several dozen months of a consistent job creation. The job creation has been steady and its also been increasing.

The next president is going to have to start dealing with radical changes to the society and culture due to the structural changes of the new cyber economy. We no longer need "full employment" by traditional and customary standards. in the America that's already begun to take shape, full employment may mean 60% of the labor market works.

Eventually under the evolving cyber economy as few as 30% can do all the work, perhaps 40% -- it's just not that clear yet. Short of gassing 100 million fellow Americans one happens not to like, we're going to have to restructure and reorient our society and culture to comport to the new economic realities.

So you and I are basically on the same page as far as the unemployment data and realities are concerned...it certainly is positive and great to see that one-time 10% unemployment figure crash through the 6% floor.

Still need burger flippers....

............... but not human ones

“Our device isn’t meant to make employees more efficient,” cofounder Alexandros Vardakostas has said. “It’s meant to completely obviate them.”

http://singularityhub.com/2014/08/10/burger-robot-poised-to-disrupt-fast-food-industry/

[thaibeachlovers]

Though there's room for improvement, the US is doing pretty good:

http://money.cnn.com/2014/11/07/news/economy/october-jobs-report-unemployment-fall/index.html

U.S. has added 2.3 million jobs this yearEmployers added 214,000 jobs in October, continuing a trend of strong job growth this year that is on track to be the best for America since 1999.

The unemployment rate fell to 5.8%, according the government report released Friday. The rate fell below 6% in September for the first time in six years.

Indeed, the US has gone from losing 400,000 jobs a month in Q4 of 2008 and the 1H 2009 to several dozen months of a consistent job creation. The job creation has been steady and its also been increasing.

The next president is going to have to start dealing with radical changes to the society and culture due to the structural changes of the new cyber economy. We no longer need "full employment" by traditional and customary standards. in the America that's already begun to take shape, full employment may mean 60% of the labor market works.

Eventually under the evolving cyber economy as few as 30% can do all the work, perhaps 40% -- it's just not that clear yet. Short of gassing 100 million fellow Americans one happens not to like, we're going to have to restructure and reorient our society and culture to comport to the new economic realities.

So you and I are basically on the same page as far as the unemployment data and realities are concerned...it certainly is positive and great to see that one-time 10% unemployment figure crash through the 6% floor.

Still need burger flippers....

A burger flipper robot could be made tomorow, but probably cheaper to pay non skilled workers minimum wage.

When the robot becomes cheaper, expect to lose the human asking if you want fries with that.

[thailiketoo]

Still need burger flippers....

A burger flipper robot could be made tomorow, but probably cheaper to pay non skilled workers minimum wage.

When the robot becomes cheaper, expect to lose the human asking if you want fries with that.

Conveyor broilers have been around for at least 20 years that I know of. So no, a burger flipper has not been necessary for a long time.

https://www.youtube.com/watch?v=kgbi50pwuK0

[thaibeachlovers]

Still need burger flippers....

A burger flipper robot could be made tomorow, but probably cheaper to pay non skilled workers minimum wage.

When the robot becomes cheaper, expect to lose the human asking if you want fries with that.

Conveyor broilers have been around for at least 20 years that I know of. So no, a burger flipper has not been necessary for a long time.

https://www.youtube.com/watch?v=kgbi50pwuK0

Yes, but it doesn't put it all together in a burger bun, so the human is still necessary. Wait till a robot can do that and see the humans disappear from fast food shop kitchens.

After the latest strikes in the US, I expect Macs and KFC etc are working on the robot as I write.

[thailiketoo]

A burger flipper robot could be made tomorow, but probably cheaper to pay non skilled workers minimum wage.

When the robot becomes cheaper, expect to lose the human asking if you want fries with that.

Conveyor broilers have been around for at least 20 years that I know of. So no, a burger flipper has not been necessary for a long time.

Yes, but it doesn't put it all together in a burger bun, so the human is still necessary. Wait till a robot can do that and see the humans disappear from fast food shop kitchens.

After the latest strikes in the US, I expect Macs and KFC etc are working on the robot as I write.

It's already here.

[thaibeachlovers]

A burger flipper robot could be made tomorow, but probably cheaper to pay non skilled workers minimum wage.

When the robot becomes cheaper, expect to lose the human asking if you want fries with that.

Conveyor broilers have been around for at least 20 years that I know of. So no, a burger flipper has not been necessary for a long time.

Yes, but it doesn't put it all together in a burger bun, so the human is still necessary. Wait till a robot can do that and see the humans disappear from fast food shop kitchens.

After the latest strikes in the US, I expect Macs and KFC etc are working on the robot as I write.

It's already here.

If the fast food/ all restaurants eliminate most of their staff, expect the unemployment q to increase dramatically, and then who will buy the burgers?

Short term profit for long term pain.

With the imminent advent of robotic workers, the question must be asked, does society exist for the people, or do the people exist to support the 1 %?

If the 1 % don't start to support society, but try to keep all the profits for themselves, expect civil war. Thank the deity I'll probably be dead by then anyway.

[AYJAYDEE]

The OP is simply stating what many others have already written about...the US has run up a debt that can never be repaid...printing money like there is no tomorrow which will someday end badly...

Americans and the world are being sold a multitude of lies concerning the US economy...unemployment...and the so-called recovery...

Any one of many events now going on in the world could be the tipping point to send the US economy...stock market...and US dollar into a tail spin...

This is not bashing...consider it a warning...prepare yourself...a day of reckoning is coming...

Dream on. In the lastest side by side debt to GDP figures the World Bank had:

The US was 93.8%

The UK was 103.2%

Japan was 196.5%

LINK

The US has the world's largest economy by far. LINK

The US has the most usable land of any country, the most natural resources, is fast gaining on the world's largest oil producers and will pass them, and is leaps and bounds ahead of other countries in technology.

Don't hold your breath.

most natural resources??

[thailiketoo]

The OP is simply stating what many others have already written about...the US has run up a debt that can never be repaid...printing money like there is no tomorrow which will someday end badly...

Americans and the world are being sold a multitude of lies concerning the US economy...unemployment...and the so-called recovery...

Any one of many events now going on in the world could be the tipping point to send the US economy...stock market...and US dollar into a tail spin...

This is not bashing...consider it a warning...prepare yourself...a day of reckoning is coming...

Dream on. In the lastest side by side debt to GDP figures the World Bank had:

The US was 93.8%

The UK was 103.2%

Japan was 196.5%

LINK

The US has the world's largest economy by far. LINK

The US has the most usable land of any country, the most natural resources, is fast gaining on the world's largest oil producers and will pass them, and is leaps and bounds ahead of other countries in technology.

Don't hold your breath.

most natural resources??

#1 The United States

On average, 1.7% scored at elite levels

5,336,300 brilliant people estimated

#2 Japan

On average, 4.05% scored at elite levels

5,167,800 brilliant people estimated

#3 South Korea

On average, 4.40% scored at elite levels

2,200,000 brilliant people estimated

#4 Germany

On average, 2.60% scored at elite levels

2,129,140 brilliant people estimated

#5 France

On average, 2.20 % scored at elite levels

1,445,400 brilliant people estimated

#6 Taiwan

On average, 5.85 % scored at elite levels

1,365,390 brilliant people estimated

#7 Canada

On average, 3.10 % scored at elite levels

1,081,280 brilliant people estimated

#8 Russia

On average, 0.65% scored at elite levels

932,750 brilliant people estimated

#9 The United Kingdom

On average, 1.4% scored at elite levels

885,220 brilliant people estimated

#10 Australia

On average, 3.3 % scored at elite levels

748,440 brilliant people estimated

Brainpower is the most important natural resource

http://www.amren.com/news/2013/10/the-25-countries-with-the-most-brainpower/

[liddelljohn]

The usa did not develop EBOLA in labs in Africa ...

the USA army however was concerned about US troops contracting the disease on possible deployments and set up a vaccine and treatment study programme in Africa Ebola was one disease among many that were studied .

US military is not alone in thes sensible studies , many other countries do it ,

much of the data and research is shared with UN and private health care research and drug companies .

its the same as the gold conspiracy theorists ,, who say that germany demanded its gold reserves lentto USA returned but over last few years the USa failed to comply as fort Knox is empty,,

problem is that International gold shippers published records for last 2 years show that german government has received back over 278 tons of gold with further shipments in 2015 .

Mind you Fort Knox and the USA treasury may well be empty , even the gold shippers cant answer that one , most of the free moving non government gold stores are currently held in Hong kong ,shanghai free zones or london and Zurich .over 3650 tons as of September .

[AYJAYDEE]

The OP is simply stating what many others have already written about...the US has run up a debt that can never be repaid...printing money like there is no tomorrow which will someday end badly...

Americans and the world are being sold a multitude of lies concerning the US economy...unemployment...and the so-called recovery...

Any one of many events now going on in the world could be the tipping point to send the US economy...stock market...and US dollar into a tail spin...

This is not bashing...consider it a warning...prepare yourself...a day of reckoning is coming...

Dream on. In the lastest side by side debt to GDP figures the World Bank had:

The US was 93.8%

The UK was 103.2%

Japan was 196.5%

LINK

The US has the world's largest economy by far. LINK

The US has the most usable land of any country, the most natural resources, is fast gaining on the world's largest oil producers and will pass them, and is leaps and bounds ahead of other countries in technology.

Don't hold your breath.

most natural resources??

#1 The United States

On average, 1.7% scored at elite levels

5,336,300 brilliant people estimated

#2 Japan

On average, 4.05% scored at elite levels

5,167,800 brilliant people estimated

#3 South Korea

On average, 4.40% scored at elite levels

2,200,000 brilliant people estimated

#4 Germany

On average, 2.60% scored at elite levels

2,129,140 brilliant people estimated

#5 France

On average, 2.20 % scored at elite levels

1,445,400 brilliant people estimated

#6 Taiwan

On average, 5.85 % scored at elite levels

1,365,390 brilliant people estimated

#7 Canada

On average, 3.10 % scored at elite levels

1,081,280 brilliant people estimated

#8 Russia

On average, 0.65% scored at elite levels

932,750 brilliant people estimated

#9 The United Kingdom

On average, 1.4% scored at elite levels

885,220 brilliant people estimated

#10 Australia

On average, 3.3 % scored at elite levels

748,440 brilliant people estimated

Brainpower is the most important natural resource

http://www.amren.com/news/2013/10/the-25-countries-with-the-most-brainpower/

Nope http://www.oxforddictionaries.com/definition/american_english/natural-resources natural resources Line breaks: nat|ural re|sources

Definition of natural resources in English: PLURAL NOUN

Materials or substances occurring in nature which can be exploited for economic gain:the sustainable use of natural resources

natural resources Syllabification: nat·u·ral re·sources

Definition of natural resources in English: PLURAL NOUN

Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.

[thailiketoo]

most natural resources??

#1 The United States

On average, 1.7% scored at elite levels

5,336,300 brilliant people estimated

#2 Japan

On average, 4.05% scored at elite levels

5,167,800 brilliant people estimated

#3 South Korea

On average, 4.40% scored at elite levels

2,200,000 brilliant people estimated

#4 Germany

On average, 2.60% scored at elite levels

2,129,140 brilliant people estimated

#5 France

On average, 2.20 % scored at elite levels

1,445,400 brilliant people estimated

#6 Taiwan

On average, 5.85 % scored at elite levels

1,365,390 brilliant people estimated

#7 Canada

On average, 3.10 % scored at elite levels

1,081,280 brilliant people estimated

#8 Russia

On average, 0.65% scored at elite levels

932,750 brilliant people estimated

#9 The United Kingdom

On average, 1.4% scored at elite levels

885,220 brilliant people estimated

#10 Australia

On average, 3.3 % scored at elite levels

748,440 brilliant people estimated

Brainpower is the most important natural resource

http://www.amren.com/news/2013/10/the-25-countries-with-the-most-brainpower/

Nopehttp://www.oxforddictionaries.com/definition/american_english/natural-resources natural resources Line breaks: nat|ural re|sources

Definition of natural resources in English: PLURAL NOUN

Materials or substances occurring in nature which can be exploited for economic gain:the sustainable use of natural resources

natural resources Syllabification: nat·u·ral re·sources

Definition of natural resources in English: PLURAL NOUN

Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain

Of course you are correct but in the spirit of this thread all the natural resources in the world would be useless without brainpower. Singapore thrives while many other cities with minerals, forests and fertile land fail.

Russia has the most natural resources but less than a million brilliant people. America has the second most natural resources in the world and 5 million of the most brilliant people in the world. http://www.thecountriesof.com/top-10-countries-with-most-natural-resources-in-the-world/

Given the topic of the thread which country has the best chance? The answer is obvious to most rational people hence the value of the dollar vs ruble.

[mania]

Given the topic of the thread which country has the best chance?

The answer is obvious to most rational people hence the value of the dollar vs ruble.

While I like to think of myself as rational

I do not put much stock in things like GDP given how it is calculated

nor do I gauge a countries fiats strength by how many great thinkers call it

their home.

I do agree of all the fiats available today the USD is the strongest & if all

else remains the same would also be the last fiat standing in a currency war.

But I think the reason is its world reserve status

If that were suddenly removed ( I know...snowballs chance in h3ll ) it would be

just as weak as any other note of debt if not more so.

[thailiketoo]

Given the topic of the thread which country has the best chance?

The answer is obvious to most rational people hence the value of the dollar vs ruble.

While I like to think of myself as rational

I do not put much stock in things like GDP given how it is calculated

nor do I gauge a countries fiats strength by how many great thinkers call it

their home.

I do agree of all the fiats available today the USD is the strongest & if all

else remains the same would also be the last fiat standing in a currency war.

But I think the reason is its world reserve status

If that were suddenly removed ( I know...snowballs chance in h3ll ) it would be

just as weak as any other note of debt if not more so.

Who calls currency fiats? This is Thai Visa not some nutter gold site. You don't like the way GDP is calculated in contradiction to every banking, educational institution and frankly the entire economic world. Who the heck are you? Job? Education? Economic experience? and how many international business institutions have you been the CEO of?

[mania]

Who calls currency fiats? This is Thai Visa not some nutter gold site. You don't like the way GDP is calculated in contradiction to every banking, educational institution and frankly the entire economic world. Who the heck are you? Job? Education? Economic experience? and how many international business institutions have you been the CEO of?

Geez jai yen yen you will pop an artery

This is a forum folks give an opinion.

It is like an A-hole everyone has one yes?

Fiat is the term given to any currency a government has declared to be legal tender

Has nothing to do with any nutter sites. Perhaps you should get out more widen your view/vocabulary

When one speaks of strengths of various currencies one usually uses the term

GDP....The reason many do not like to use it as a yardstick for economic health is because

GDP is the sum of Consumtion + Investment + Government Spending + Net Exports - Imports

I have highlighted in Bold the problem above.....If GDP is used you are counting governments spending what they do not have.

How can that be a indicator of economic health?

Who am I? What is my experience? Does not matter to you........as I said it was my opinion...none asked you to accept it

Chill out you might live/ cheer-lead longer

[Asiantravel]

Given the topic of the thread which country has the best chance?

The answer is obvious to most rational people hence the value of the dollar vs ruble.

While I like to think of myself as rational

I do not put much stock in things like GDP given how it is calculated

nor do I gauge a countries fiats strength by how many great thinkers call it

their home.

I do agree of all the fiats available today the USD is the strongest & if all

else remains the same would also be the last fiat standing in a currency war.

But I think the reason is its world reserve status

If that were suddenly removed ( I know...snowballs chance in h3ll ) it would be

just as weak as any other note of debt if not more so.

maybe the US dollar won't be fully replaced but how do you know it wouldn't become just one of a ‘basket’ of currencies from which reserve currency status would be comprised?

[thailiketoo]

Who calls currency fiats? This is Thai Visa not some nutter gold site. You don't like the way GDP is calculated in contradiction to every banking, educational institution and frankly the entire economic world. Who the heck are you? Job? Education? Economic experience? and how many international business institutions have you been the CEO of?

Geez jai yen yen you will pop an artery

This is a forum folks give an opinion.

It is like an A-hole everyone has one yes?

Fiat is the term given to any currency a government has declared to be legal tender

Has nothing to do with any nutter sites. Perhaps you should get out more widen your view/vocabulary

When one speaks of strengths of various currencies one usually uses the term

GDP....The reason many do not like to use it as a yardstick for economic health is because

GDP is the sum of Consumtion + Investment + Government Spending + Net Exports - Imports

I have highlighted in Bold the problem above.....If GDP is used you are counting governments spending what they do not have.

How can that be a indicator of economic health?

Who am I? What is my experience? Does not matter to you........as I said it was my opinion...none asked you to accept it

Chill out you might live/ cheer-lead longer

Before discussion can take place there are some things people need to agree on. How much money a country has; GDP is the first. Currency value is the second. Since you reject those two accepted measures of any economy it is logical I ask who are you to reject the two main givens on any discussion about economy and the markets. If you are Christine Lagarde I'll keep talking with you. If not, you have a big problem discussing this topic with anyone who understands how markets work.

[Asiantravel]

Given the topic of the thread which country has the best chance?

The answer is obvious to most rational people hence the value of the dollar vs ruble.

While I like to think of myself as rational

I do not put much stock in things like GDP given how it is calculated

nor do I gauge a countries fiats strength by how many great thinkers call it

their home.

I do agree of all the fiats available today the USD is the strongest & if all

else remains the same would also be the last fiat standing in a currency war.

But I think the reason is its world reserve status

If that were suddenly removed ( I know...snowballs chance in h3ll ) it would be

just as weak as any other note of debt if not more so.

Who calls currency fiats? This is Thai Visa not some nutter gold site. You don't like the way GDP is calculated in contradiction to every banking, educational institution and frankly the entire economic world. Who the heck are you? Job? Education? Economic experience? and how many international business institutions have you been the CEO of?

“ Fiat money is currency which derives its value from government regulation or law.” From Wikipediaas opposed to "some nutter gold site "

Can you please explain in which ways this does not apply to the US dollar?

[thailiketoo]

Given the topic of the thread which country has the best chance?

The answer is obvious to most rational people hence the value of the dollar vs ruble.

While I like to think of myself as rational

I do not put much stock in things like GDP given how it is calculated

nor do I gauge a countries fiats strength by how many great thinkers call it

their home.

I do agree of all the fiats available today the USD is the strongest & if all

else remains the same would also be the last fiat standing in a currency war.

But I think the reason is its world reserve status

If that were suddenly removed ( I know...snowballs chance in h3ll ) it would be

just as weak as any other note of debt if not more so.

Who calls currency fiats? This is Thai Visa not some nutter gold site. You don't like the way GDP is calculated in contradiction to every banking, educational institution and frankly the entire economic world. Who the heck are you? Job? Education? Economic experience? and how many international business institutions have you been the CEO of?

“ Fiat money is currency which derives its value from government regulation or law.” From Wikipediaas opposed to "some nutter gold site "

Can you please explain in which ways this does not apply to the US dollar?

Simple. Go to a bank and ask where I can exchange my, "fiats." Who calls any currency a. "fiat" except some nutters on gold sites. The terms are dollars, or pounds or baht not fiats.

The guy calls dollars, fiats and does not think GDP is a way to measure gross domestic product.

Try this. Go to a bar and ask if they can change a fiat. Tell the guy next to you that you know the right way to calculate GDP and that the IMF and Bank of Scotland don't have a clue.

[mania]

Before discussion can take place there are some things people need to agree on. How much money a country has; GDP is the first. Currency value is the second. Since you reject those two accepted measures of any economy it is logical I ask who are you to reject the two main givens on any discussion about economy and the markets. If you are Christine Lagarde I'll keep talking with you. If not, you have a big problem discussing this topic with anyone who understands how markets work.

If you first switch off fight club mentality & then go back & re-read my post

that you wish to argue about you will see what I said.

I said basically I did not think GDP was a good indicator of economic health.

I also said your comment....

"The answer is obvious to most rational people hence the value of the dollar vs ruble."

Which was loosely based on brain power? & value determined by GDP was not something I agreed on.

I did say that much of the USD perceived strength is gained thru being the Worlds Reserve Currency

I have no desire to discuss as I do not think what is discussed? on TV has any effect on any of it.

Especially with folks who equate large debt via large govt spending on wars etc = having the most money <sic>

Lastly one should not confuse the terms money & currency

Interesting though how someone with such a closed mind determines who is worthy of discussion via name/credentials etc.

Enjoy your debate I have nothing further to add

PS: One last thing.........

Simple. Go to a bank and ask where I can exchange my, "fiats." Who calls any currency a. "fiat" except some nutters on gold sites

The terms are dollars, or pounds or baht not fiats.

Well one who is discussing many fiats in comparison of strength would use the term

Otherwise they would need to consonantly mix names of each currency into the conversation.

Yet the conversation was based not on brand X vs brand Y

[thailiketoo]

Given the topic of the thread which country has the best chance?

The answer is obvious to most rational people hence the value of the dollar vs ruble.

While I like to think of myself as rational

I do not put much stock in things like GDP given how it is calculated

nor do I gauge a countries fiats strength by how many great thinkers call it

their home.

I do agree of all the fiats available today the USD is the strongest & if all

else remains the same would also be the last fiat standing in a currency war.

But I think the reason is its world reserve status

If that were suddenly removed ( I know...snowballs chance in h3ll ) it would be

just as weak as any other note of debt if not more so.

America is stretched to breaking point: watch the markets.

What does your post have to do with the topic?

Maybe I missed it. I thought your post was discussing the method of calculating GDP and the strength of fiat currencies as opposed to those backed by gold or other things.

Given the events of the past two days I think Japan is far more stretched and Russia is far more stretched than the USA.

In terms of watching the markets a year ago the Dow index was at 15,900 today it's up to 17,652

[arunsakda]

I have been hearing this "certain collapse" for most of my adult life. I have had colleagues retire early (at great expense of future earnings potential making 100-225k usd ) convert to "gold" to go hide out somewhere. One died in the PI, broke. One literaly became a survivalist on a Pacific Island nation around 2009. The unifying thread only this. They are all nutters, obsessed with conspiracy theory, voodoo economics, absurd anti-obama animus, and even Freemasonry. I feel sorry for them.

[Scott]

Reply to an off-topic, conspiracy post has been removed.

[F430murci]

I have been hearing this "certain collapse" for most of my adult life. I have had colleagues retire early (at great expense of future earnings potential making 100-225k usd ) convert to "gold" to go hide out somewhere. One died in the PI, broke. One literaly became a survivalist on a Pacific Island nation around 2009. The unifying thread only this. They are all nutters, obsessed with conspiracy theory, voodoo economics, absurd anti-obama animus, and even Freemasonry. I feel sorry for them.

Lol, that just about sums it up. I have met and befriended some of the greatest minds in the financial industry. They all seem to be very wealthy, but none if them all about gold, gold funds or bury their money in back yards in tin cans because banks are going to fail. You do allocate a small percentage of your portfolios to gold funds to hedge and that allocation percentage may change of time depending on economic indicators, but to buy and hord gold . . .

I refrained from typing this before because it really is no use, but Putin is buying gold because that is a good move when currency is crashing and you face hyperinflation. It is a desperation move to hedge. Reading too much into it is fun, sells papers, gets the paranoid worked up and all, but the real underlying reasons are quiet simple and boring.

Russia and China's move is still pretty insignificant from a cornering the market mentality. US and multiple EU countries' reserves are already about 70% gold. Russia and China have a tiny comparative percentage, Russia about 10%, China about 2%.

All this butung gold, kill the US dollars makes for good headlines to sell papers. that is about all.

[Publicus]

If the fast food/ all restaurants eliminate most of their staff, expect the unemployment q to increase dramatically, and then who will buy the burgers?

Short term profit for long term pain.

With the imminent advent of robotic workers, the question must be asked, does society exist for the people, or do the people exist to support the 1 %?

If the 1 % don't start to support society, but try to keep all the profits for themselves, expect civil war. Thank the deity I'll probably be dead by then anyway.

Wrong question again, if it was in fact a question.

The actual question going forward in to this century is the fact society will need to be reordered and reorganized to include its philosophy / ideology to support and accept that not everyone works and that that is good. Not only is it good, it is necessary, which is where the new thinking, i.e., that a substantial number of the society don't need to work, is "good" originates

Nothing wrong with it. Technology exists to serve humanity. We of course need to take pains to keep it that way.

When we can accept that perhaps 40% to perhaps upwards of 60% of what we historically have defined as the labor force haven't any jobs available or desired, then the societies with advanced economies will have moved into a new socio-economic dimension that is far more profound than the Industrial Revolution itself.

This is the core of the radically new socio-economic order under a new cyber economy. Who works, why and doing what is one half of the central question, the other half of it being who doesn't work in the commonly understood standards and why don't they work.

The post that rattles on about the 1% and civil war blather blather blather misses the whole point of a necessary adaptation to a new accepted order of social relationships under a necessitated new social order, radically new, economic relationships and interactions, new adapted political systems and the like.

The absence of domestic strife such as a civil war during the Industrial Revolution per se suggests strongly that strife is both unnecessary and not inevitable, no matter how hard the right wing clutches to its outmoded and decrepit ideologies and philosophies that once upon a time were viable, but no more and no longer viable for a very long time. I'd suppose there'd still be right wingers but, then again, perhaps not any wingers.

Don't like it, become a monk.

[thaibeachlovers]

If the fast food/ all restaurants eliminate most of their staff, expect the unemployment q to increase dramatically, and then who will buy the burgers?

Short term profit for long term pain.

With the imminent advent of robotic workers, the question must be asked, does society exist for the people, or do the people exist to support the 1 %?

If the 1 % don't start to support society, but try to keep all the profits for themselves, expect civil war. Thank the deity I'll probably be dead by then anyway.

Wrong question again, if it was in fact a question.

The actual question going forward in to this century is the fact society will need to be reordered and reorganized to include its philosophy / ideology to support and accept that not everyone works and that that is good. Not only is it good, it is necessary, which is where the new thinking, i.e., that a substantial number of the society don't need to work, is "good" originates

Nothing wrong with it. Technology exists to serve humanity. We of course need to take pains to keep it that way.

When we can accept that perhaps 40% to perhaps upwards of 60% of what we historically have defined as the labor force haven't any jobs available or desired, then the societies with advanced economies will have moved into a new socio-economic dimension that is far more profound than the Industrial Revolution itself.

This is the core of the radically new socio-economic order under a new cyber economy. Who works, why and doing what is one half of the central question, the other half of it being who doesn't work in the commonly understood standards and why don't they work.

The post that rattles on about the 1% and civil war blather blather blather misses the whole point of a necessary adaptation to a new accepted order of social relationships under a necessitated new social order, radically new, economic relationships and interactions, new adapted political systems and the like.

The absence of domestic strife such as a civil war during the Industrial Revolution per se suggests strongly that strife is both unnecessary and not inevitable, no matter how hard the right wing clutches to its outmoded and decrepit ideologies and philosophies that once upon a time were viable, but no more and no longer viable for a very long time. I'd suppose there'd still be right wingers but, then again, perhaps not any wingers.

Don't like it, become a monk.

I don't fancy being the one that has to try to convince the working people to get up and go to work every day, when half the population lives off welfare, or whatever equivalent they bring in.

The reason there was no civil war when the industrial revolution happened was because there were jobs for everyone, and probably better than what they had on the farm. The situation now is different in that there are less and less "real" jobs around, and that brings in lots of unintended consequences.

society will need to be reordered and reorganized to include its philosophy / ideology to support and accept that not everyone works

Good luck with that!

[arunsakda]

That is correct. Go to 7-11 and try to buy a cup of Mama noodle. They won't take "gold coins". Accepted currency only those horrible horrible fiats.

[NeverSure]

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Dow closed at 17,005 today. Nasdaq 4,564 and S&P at 1,985. I hope no one took the market advice of the few and the OP and went short when OP article came out. That was a quick bounce.

Ooops, don't look now but the DOW just set another record I wouldn't worry too much about the finances of the barstool trollers here, I doubt very much if they have enough Euros, Pounds, Pesos or Baht to invest in anything Speaking of which I see that the Euro is down near the $1.25 level and the Pound isn't doing much better, and this is without the Yanks even raising interest rates, just imagine what is going to happen when the FED starts to raise rates next year Methinks that Goldman Sachs was correct a couple months back when they predicted Euro-Dollar parity by the end of 2015!

The rich in the US are doing just fine, it's all the rest of the population that isn't doing too well. Most people don't invest in the stockmarket.

Wrongo. If you look at this, 71% of US stocks are owned by, or for the benefit of American individuals. Business Insider

So if corporations have it made in the shade, then most of the dividends go to individuals.

[thaibeachlovers]

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Dow closed at 17,005 today. Nasdaq 4,564 and S&P at 1,985. I hope no one took the market advice of the few and the OP and went short when OP article came out. That was a quick bounce.

Ooops, don't look now but the DOW just set another record I wouldn't worry too much about the finances of the barstool trollers here, I doubt very much if they have enough Euros, Pounds, Pesos or Baht to invest in anything Speaking of which I see that the Euro is down near the $1.25 level and the Pound isn't doing much better, and this is without the Yanks even raising interest rates, just imagine what is going to happen when the FED starts to raise rates next year Methinks that Goldman Sachs was correct a couple months back when they predicted Euro-Dollar parity by the end of 2015!

The rich in the US are doing just fine, it's all the rest of the population that isn't doing too well. Most people don't invest in the stockmarket.

Wrongo. If you look at this, 71% of US stocks are owned by, or for the benefit of American individuals. Business Insider

So if corporations have it made in the shade, then most of the dividends go to individuals.

As I understand it, most of the stocks and shares are owned by individual rich people, so I don't get your point.