thailiketoo Posted January 6, 2015 Share Posted January 6, 2015 I understand that some of you folks want to discuss gold or the US debt but it has nothing to do with the topic. Why is the Ruble crashing going to bother the USD ? Isin't that the topic? 1 Link to comment Share on other sites More sharing options...
CMHomeboy78 Posted January 6, 2015 Share Posted January 6, 2015 If you watched any of the winter Olympics they showed how far behind Russia really is . They interviewed a women that stated the games brought this area ahead thirty years. Putin is killing Russia, Cuba is now buttering up to the US because of it. Communism and socialism will not work. Agreed, Communism and socialism don't work well... but once entrenched they can last a long, long time. Link to comment Share on other sites More sharing options...
theguyfromanotherforum Posted January 6, 2015 Share Posted January 6, 2015 Either one accepts money or rejects it in favor of gold. There are still a number of old time people who like that old time religion called gold. The goldbugs are free to buy all the gold they can to protect themselves against whatever monsters they see skulking or lurking about out there. In the meantime, however, the goldbugs need to respect the normal rest of the world, which are the 90% of us. The world is based in money, not gold. A gold standard is unrealistic and in practical terms undoable unless the world agrees to price the USD$ at several thousand units to 1 oz of gold, and even that would be problematical to the global economy and financial systems. So get and keep your gold and then keep to yourself about it. . US dollar is a bit strong, stocks are going to the moon and everything is good again. Until it isn't. Anyhoo.... you are saying the rest of the world is 90% not gold bugs, but why do you choose to ignore Asia which is 4.4 billion people already? Everyone in Asia is a gold bugger. How can you ignore that? Are you American? Link to comment Share on other sites More sharing options...
Publicus Posted January 6, 2015 Share Posted January 6, 2015 Either one accepts money or rejects it in favor of gold. There are still a number of old time people who like that old time religion called gold. The goldbugs are free to buy all the gold they can to protect themselves against whatever monsters they see skulking or lurking about out there. In the meantime, however, the goldbugs need to respect the normal rest of the world, which are the 90% of us. The world is based in money, not gold. A gold standard is unrealistic and in practical terms undoable unless the world agrees to price the USD$ at several thousand units to 1 oz of gold, and even that would be problematical to the global economy and financial systems. So get and keep your gold and then keep to yourself about it. . US dollar is a bit strong, stocks are going to the moon and everything is good again. Until it isn't. Anyhoo.... you are saying the rest of the world is 90% not gold bugs, but why do you choose to ignore Asia which is 4.4 billion people already? Everyone in Asia is a gold bugger. How can you ignore that? Are you American? Hello visitor and welcome..... The gold standard in support of legal tender that is the pipe dream of the goldbugs who want to determine the value of national units and global units on the basis of gold. I'm not posting in respect of individuals buying gold. I'm talking about governments and national currencies, global trade, forex reserves of governments, not individuals buying various increments of gold for family security, investment purposes, because they like glitter or whatever. This is a forum about Russia and the United States, the buck and the rubble which involves other considerations and factors, to include gold and the gold standard. 1 Link to comment Share on other sites More sharing options...
thailiketoo Posted January 6, 2015 Share Posted January 6, 2015 Either one accepts money or rejects it in favor of gold. There are still a number of old time people who like that old time religion called gold. The goldbugs are free to buy all the gold they can to protect themselves against whatever monsters they see skulking or lurking about out there. In the meantime, however, the goldbugs need to respect the normal rest of the world, which are the 90% of us. The world is based in money, not gold. A gold standard is unrealistic and in practical terms undoable unless the world agrees to price the USD$ at several thousand units to 1 oz of gold, and even that would be problematical to the global economy and financial systems. So get and keep your gold and then keep to yourself about it. . US dollar is a bit strong, stocks are going to the moon and everything is good again. Until it isn't. Anyhoo.... you are saying the rest of the world is 90% not gold bugs, but why do you choose to ignore Asia which is 4.4 billion people already? Everyone in Asia is a gold bugger. How can you ignore that? Are you American? Hello visitor and welcome..... The gold standard in support of legal tender that is the pipe dream of the goldbugs who want to determine the value of national units and global units on the basis of gold. I'm not posting in respect of individuals buying gold. I'm talking about governments and national currencies, global trade, forex reserves of governments, not individuals buying various increments of gold for family security, investment purposes, because they like glitter or whatever. This is a forum about Russia and the United States, the buck and the rubble which involves other considerations and factors, to include gold and the gold standard. How does the ruble going down effect the USD? Link to comment Share on other sites More sharing options...
OMGImInPattaya Posted January 6, 2015 Share Posted January 6, 2015 Currencies of the world...you may all bow and pay homage to Uncle Sam's Greenback 1 Link to comment Share on other sites More sharing options...
thailiketoo Posted January 6, 2015 Share Posted January 6, 2015 Currencies of the world...you may all bow and pay homage to Uncle Sam's Greenback Is the Ruble bowing and how is its fall going to effect the USD? 1 Link to comment Share on other sites More sharing options...
OMGImInPattaya Posted January 6, 2015 Share Posted January 6, 2015 Currencies of the world...you may all bow and pay homage to Uncle Sam's Greenback Is the Ruble bowing and how is its fall going to effect the USD? You mean the Rubble? Link to comment Share on other sites More sharing options...
Publicus Posted January 6, 2015 Share Posted January 6, 2015 Either one accepts money or rejects it in favor of gold. There are still a number of old time people who like that old time religion called gold. The goldbugs are free to buy all the gold they can to protect themselves against whatever monsters they see skulking or lurking about out there. In the meantime, however, the goldbugs need to respect the normal rest of the world, which are the 90% of us. The world is based in money, not gold. A gold standard is unrealistic and in practical terms undoable unless the world agrees to price the USD$ at several thousand units to 1 oz of gold, and even that would be problematical to the global economy and financial systems. So get and keep your gold and then keep to yourself about it. . US dollar is a bit strong, stocks are going to the moon and everything is good again. Until it isn't. Anyhoo.... you are saying the rest of the world is 90% not gold bugs, but why do you choose to ignore Asia which is 4.4 billion people already? Everyone in Asia is a gold bugger. How can you ignore that? Are you American? Hello visitor and welcome..... The gold standard in support of legal tender that is the pipe dream of the goldbugs who want to determine the value of national units and global units on the basis of gold. I'm not posting in respect of individuals buying gold. I'm talking about governments and national currencies, global trade, forex reserves of governments, not individuals buying various increments of gold for family security, investment purposes, because they like glitter or whatever. This is a forum about Russia and the United States, the buck and the rubble which involves other considerations and factors, to include gold and the gold standard. How does the ruble going down effect the USD? Exactly. Not. In 1998 when the ruble went bust and Russia defaulted one overextended and lumbering hedge fund, Long Term Capital Management got decked, then we later found out the Fed had quietly rushed to the rescue of the fund and a lot of institutional investors globally. Beyond that not much of any note impacted or affected the USD or the US. So far this ongoing collapse of the ruble into a rubble will continue for a while yet but so far, so good. So very good. US-Russia trade, FDI, currency interdependence are unsubstantial and insignificant. While the Europeans are much more invested in Russia, US sanctions are much more debilitating of the ruble and the economy over there. The US and EU together on this means the ruble and Russia are screwed with no direct impact on the USD or the euro. The topic is the OP's non-topic wet dream to begin with and don't we know it. The only thing to be said of the topic and the OP is that both are the warped work of a scribbler. 1 Link to comment Share on other sites More sharing options...
NeverSure Posted January 6, 2015 Share Posted January 6, 2015 Currencies of the world...you may all bow and pay homage to Uncle Sam's Greenback Hurry! Sell all of your greenbacks and buy baht and ruble. Pick up some yuan while you're at it. Do it yesterday. 1 Link to comment Share on other sites More sharing options...
farang000999 Posted January 7, 2015 Share Posted January 7, 2015 unfunded liabilities are easily dealt with by 1. increased immigration 2. raising taxes 3. decreases benefits also, the US is paying more for healthcare than other countries because us healthcare system is inferior but that is slowly being fixed. oh yeah the US could also stop spending so much on military - or start charging other countries for providing those military services. ... 1 Link to comment Share on other sites More sharing options...
Morch Posted January 7, 2015 Share Posted January 7, 2015 The topic is the OP's non-topic wet dream to begin with and don't we know it. The only thing to be said of the topic and the OP is that both are the warped work of a scribbler. This. 1 Link to comment Share on other sites More sharing options...
Naam Posted January 7, 2015 Share Posted January 7, 2015 unfunded liabilities are easily dealt with by 1. increased immigration 2. raising taxes 3. decreases benefits also, the US is paying more for healthcare than other countries because us healthcare system is inferior but that is slowly being fixed. oh yeah the US could also stop spending so much on military - or start charging other countries for providing those military services. ... perhaps they could charge the Taleban for every hellfire rocket fired into Waziristan? 1 Link to comment Share on other sites More sharing options...
jayboy Posted January 7, 2015 Share Posted January 7, 2015 Of the many deranged and foolish articles the writer has penned this must be the candidate for the most deranged and most foolish.He doesn't understand economics and his conclusions seem to be almost entirely the result of wishful thinking. 2 Link to comment Share on other sites More sharing options...
Asiantravel Posted January 7, 2015 Share Posted January 7, 2015 Either one accepts money or rejects it in favor of gold. In the meantime, however, the goldbugs need to respect the normal rest of the world, which are the 90% of us. I think that is a bit simplistic to compare unbridled spending of what you do not have with it being either that or you must be a gold bug. There are many citizens that are not gold bugs but do see their country's unbridled spending of what they do not have as problematic I do not think as you say 90% of the citizens feel it is ok for politicians to basically use a charge card in their name for which they & their grandchildren will be given the bill in increased taxation. Especially in question is what they have been charging on that card for the last 7 years or so. It is simplistic to say it is a gold vs USD argument as it is not. It is a living at least within reach of our means question. The same basic principles we preach to our kids & our government asks of us. It is keeping debt serviceable & not letting it to a point where all the income can no longer even service the interest payments on the debt let alone scratch the surface of repaying it. Not saying repaying it fully was ever the goal either. But some folks seem to think every time they double the existing money supply/create more debt... that is somehow a good thing? It is more than the sheer debt that is a problem here & it is not as simple as claiming only gold bugs disagree with it. Many of us have no interest in gold but do have an interest in our future...our children & grandchildren futures. Link to comment Share on other sites More sharing options...
OMGImInPattaya Posted January 7, 2015 Share Posted January 7, 2015 unfunded liabilities are easily dealt with by 1. increased immigration 2. raising taxes 3. decreases benefits also, the US is paying more for healthcare than other countries because us healthcare system is inferior but that is slowly being fixed. oh yeah the US could also stop spending so much on military - or start charging other countries for providing those military services. ... Plus the debt is denominated in US Dollars...if China ever wants payment on their Treasuries, the Treasury Secretary just has to run off a couple trillion dollar bills and FedEx them to President Xi 2 Link to comment Share on other sites More sharing options...
Publicus Posted January 7, 2015 Share Posted January 7, 2015 (edited) It isn't Coca Cola but it could be the real thing........ Would Xi Jinping know the difference? Putin would stuff it in his pocket and yell louder. The US treasury secretary was authorized by Congress a couple of years back to mint a $1 Trillion gold coin....dunno if it's actually been done but imagine that..... Edited January 7, 2015 by Publicus 1 Link to comment Share on other sites More sharing options...
Publicus Posted January 8, 2015 Share Posted January 8, 2015 (edited) Turns out the chess master got rooked........ Don't Get Rooked! Insider’s guide to getting the most from your financial adviser & what’s in the fine print...... https://events.r20.constantcontact.com/register/eventReg?oeidk=a07e6fgajoc8af86032&oseq=&c=&ch= Edited by Publicus for spacing. Edited January 8, 2015 by Publicus Link to comment Share on other sites More sharing options...
OMGImInPattaya Posted January 8, 2015 Share Posted January 8, 2015 Turns out the chess master got rooked........ Don't Get Rooked! Insiders guide to getting the most from your financial adviser & whats in the fine print...... https://events.r20.constantcontact.com/register/eventReg?oeidk=a07e6fgajoc8af86032&oseq=&c=&ch= Edited by Publicus for spacing. Very funny but needs to be updated to $50 a barrel 1 Link to comment Share on other sites More sharing options...
Asiantravel Posted January 8, 2015 Share Posted January 8, 2015 Oil-Bust Bloodletting: Projects Cancelled, Layoffs Ripple to Other Areas, Default Hits Private-Equity and Pension Funds“The company has suddenly lost a great deal of business because of the recent downturn in the oil industry,” wrote Tom McDermott, president of United Steelworkers local 1104 in Lorain, according to the Wall Street Journal. “What appeared just a few short weeks ago as being a productive year, [with new hires in December and extra turns going on], has most abruptly turned sour.” http://wolfstreet.com/2015/01/07/oil-bust-bloodletting-projects-cancelled-layoffs-ripple-to-other-areas-default-hits-private-equity-and-pension-funds/ Link to comment Share on other sites More sharing options...
Naam Posted January 8, 2015 Share Posted January 8, 2015 Currencies of the world...you may all bow and pay homage to Uncle Sam's Greenback and those who missed that (especially last year and still ongoing) have not done their homework. Link to comment Share on other sites More sharing options...
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