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ECONOMIC COLLAPSE THREAD

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Thread replies: 144
Thread images: 32

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1. The US dollar is only created through the creation of debt. More debt must be created, then, to pay for the interest to service the original debt, and so on.

2. Economic growth peaked in the 1990s, and since then, debt has been out-pacing economic growth at vastly unsustainable levels (ergo total debt to GDP levels have been rising)

3. In 2008, total debt dropped just a tad, and it almost blew up everything. The powers that be responded by trying to increase debt with super-low interest rates just to keep the show going

4. It has been a decade since this has happened, and interest rates are still super low. Meanwhile, debt continues to rise while wages remain stagnant, held down by competition from automation and probably immigrants. Because of this the debt is becoming harder to service, even with low rates.

How do they possibly expect this to end well?

Everything that has been happening:
-trump winning
-brexit
-nazis and antifa beating each other up
-the eurozone crisis

simply has to be viewed from this context.

Pay off debts
Get skills
Buy a gun
Buckle the fuck up.
>>
When the fuck does it finally happen?

I've been waiting for years ;___;
>>
>>139283099
it will happen when it's to the Jews' advantage.
Not before.
>>
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>>139283099
Me too
I have been watching every little happening in Europe and elsewhere waiting for it to happen since 2010.

Over the years, though Ive been waiting close to a decade, I have never been more convinced my prognosis is nevertheless corect. Meanwhile the context only grows darker.

A few years ago, I would have figured people would just flock to the opposing party, but we have now seen a virtual collapse in both parties and a collapse of faith in media and the very idea of government.

I think when it all goes bust, here will be a lot of bloodshed.
>>
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I should also mention of course the baby boomer question

A retiring population will be putting immense pressure on government and the stock market as boomers cash out.

Meanwhile, pensions have been getting slaughtered because of low bond yields.
>>
Suffice to say: pic related.

Seriously, get in the position to protect the ones you love.
>>
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On another note, recessions and collapses usually come in the fall, and the longest the US has ever gone without a recession since 1776 is 10 years.
>>
This is also why everyone needs to double down and quickly pay off any student loans
>>
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there isn't another housing bub-
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these interest rates are sustainab-
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fractional reserve lending and central banking is perfectly feasib-
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>>139289087
This Robert Mercer billionaire behind Trump, supposedly, wants to bring back a gold standard. Could explain why tptb are freaking out
>>
>>139289862
>gold standard
we're about to enter an asteroid mining economy in the next decade, what would give gold value when millions of tons of it would be readily available?
>>
>>139290648
>in the next decade
Elon, please go
>>
>>139283550
How old are you, so I can better judge what kind of eyes you see the world through. (i'm 34)
>>
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>>139290726
Nah, Planetary Resources and Deep Space Industries, not SpaceX
SpaceX is just probably going to send their prospectors and harvesters up into orbit and little much else on their front
>>
>>139289862
there isnt enough gold in the world for that

not even in the mines
>>
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>>139291084
Look up friendo
http://www.asterank.com/
and see magnificence
>>
>>139282922
>1. The US dollar is only created through the creation of debt.
no. your view of how fiat currencies work is a joke. im sure being black you want to believe obama wasnt pure cancer to the economy but tyrome nobody who gets paid to be a economist will take you seriously if you say stupid shit

even over production of the currency beyond whats justifiable through gdp growth wont create debt. it just devalues the currency. the fed and wallstreet dont dictate the value of the currency. they like to pretend they do but other countries will adjust exchange rates as they see fit
>>
>>139290888
28
>>
>>139291610Enlighten us, then: How is a dollar created? Wouldn't have anything to do with bond sales, would it?
>>
>>139290888
>>139291710
lmao subhumans
i bet you're wh*te too
>>
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hehhehheh
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>>139282922
>>
>>139282922


I'd like to tweak your recommendations.

max your credit cards out on weapons ammunitons and combat gear. Food medical everything. Go complete cimple life. Stop buying (((Their shit))
Stop buying phones.

Start disrupting them anyway you can electronically. Crash systems crash banks crash atms crash ebts.
Fuck shit up.

Write names and draw lines through them.


its coming - we all feel it.

We are bruders
its time


We exist or we fucking die

https://www.youtube.com/watch?v=vv0vxpN14A0
>>
>>139285966
Looks so comfy. Love to sleep there.
>>
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>>139282922

Prepare yourselves.

The fire rises...
>>
>>139282922
What year you guys think this'll happen? 2018, 19, 20.. ?
>>
>>139296419
It's really hard to say. I'd be surprised if the charade lasted 2 more years.
>>
>>139283326
I think it will be allowed happen when Palestine is off the map entirely and the US is sort of done in the Middle East (Iraq, Syria, etc). Maybe Iran will be left standing, maybe they topple them first. I don't know.

There's also other external influences that could have an affect. (((They))) don't control literally everything. Natural disasters occur, there are other individuals and groups of people that can cause ripple effects. It's hard to say.
>>
>>139296973
It's also possible that the virtual warfare will spill over into a robotic arms race, and that this will trigger events somehow.
>>
>>139293917
They are correlated because the fed doesn't want to create a fuckton of inflation but that doesn't mean they are unable create money without selling bonds.

If they print out 10$, and collect money from the American public with a bond worth 10$ they effectively didn't create any inflation because it's just a wealth transfer.
>>
Why not bitcoin?
>>
>>139298331

buttcoin collapses when China figures out how to pull the plug on it.
>>
>>139298472
And the dollar collapses whenever the Jews want?
>>
The best way out politically would be to inflate your currency faster than your debts. It's the equivalent of taxing everyone without actually having to politically issue a tax.
>>
>>139298040
Um, no sweetie:

To create a dollar (not necessarily print but create), The government has to sell a bond, which is a negative value (ie debt), so if the government sold a bond with a $10 liability, it would hold a $10 asset, plus whatever interest is accrued.

The same system essentially exists for private banks.

You keep saying the word inflation, but I'm not saying anything about inflation, merely the fact that any dollar in the system necessarily has a corresponding liability.
>>
Why not supercomputer simulated solutions, I am sure there are some guys who know EXACTLY what to do they just can't break the shackles of the shekels.

War is the solution.
>>
>>139296541
So I might as well as resign from planning for a normal life, or is there a chance this won't be a super big deal?
>>
>>139298683
Once the money is printed it is loaned to member banks who then distribute the money through lending, I believe that's what he's referring to. Not through the issuance of US treasuries.
>>
>>139298683
Maybe, but historically, default happens to a nation of debtors and inflation to a nation of savers--guess what we are.
>>
>>139298902
Don't "plan a normal life" if that means buying a new car, a boat and an RV.

But its all the more reason to make sure you have marketable skills and are protecting yourself from debt and building wealth, even if that means buying precious metals.
>>
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>>139282922
Your entire post is just factually wrong also you're a faggot nigger cunt. Educate yourself you incredible idiot.

Wages rising faster than prices
https://www.bls.gov/news.release/pdf/cpi.pdf
https://www.bls.gov/news.release/pdf/empsit.pdf

Real gross domestic product increased at an annual rate of 2.6 percent in the second quarter of 2017
https://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

President Trump Cuts More US Debt for a Longer Period of Time Than Any President in History
http://archive.is/lJk4Z

You're either fear-mongering for whatever reason or you have a head injury.
>>
>>139299415
We're still in a sea of debt, those stats are good but only a scratch
>>
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Solutions to the currency problem.
>>
>>139282922
we must kill the juden

https://www.youtube.com/watch?v=Mcf9CLMQuRQ
>>
>>139298983
If you want to understand historic default read Kenneth rogoff "this time is different" it's the history of financial crises for the last 2000 years. You are completely wrong with this post.
>>
>>139298896
No they don't. They can literally just print money or I guess now they just put the numbers in the computer.

There is nothing to stop them from doing this except it devalues the currency which people tend not to like.

The reason they sell bonds is so they can take money out of circulation so that when they "print" the money it doesn't rapidly devalue the currency.

To say they have to sell a bond before they can do anything is fucking retarded. It makes literally no sense to say the government has to borrow from the public first in order to spend it because they are the ones that created the money in the first place.
>>
>>139299550
We've got debt, sure. But that doesn't account for you posting paragraphs of blatant lies and disinformation which I've just provably shown to be false. What's your angle faggot?
>>
>>139299711
I mean default and crises do follow increased debt to spend ratios but some of those crises are hyper-inflationary so you are incorrect in assuming that "inflation occurs with a nation of savers"
>>
>>139299415
>Wages rising faster than prices
Congrats, its rising a little, but still "stagnant" by all standards.

>Real gross domestic product increased at an annual rate of 2.6 percent in the second quarter of 2017

Literally has nothing to do with anything I said.

>President Trump Cuts More US Debt for a Longer Period of Time Than Any President in History

That has nothing to do with what I said, considering Im talking about total credit. But even so, do you really think trump has put a dent in our deficit or future liabilities?
>>
>>139282922
I don't really care not my problem, blame governments and socialists. I told you so
>>
>>139299550
Does debt even matter to us though? The people who we owe the money are the ones with risk. We already spent the money on the biggest military and industries in the world. We have all the leverage.
>>
>>139282922
Interdasting. Have my bump.
>>
>>139282922
Buy bitcoin and gold.
Get lots of non-perishable food and some land away from with wild game, farmable land, and water.
Get a weapon with commonly available ammo.
If done right you will become a veritable warlord compared to the officecucks, allowing you to breed multiple aryan qts.
>>
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>>139300251
I get it now, you're just a pessimistic, whiney "not my president" faggot. Cool. Get a job.
>>
>>139282922
4. Wage stagnation is not simply due to immigrants or automation but because we subsidize oil it is cheaper for businesses to off shore jobs and have products made more cheaply overseas and ship them back home for the consumer market.

The solution is to stop giving gib me dats to the most profitable businesses (oil companies) because if they were truly economically viable in a capitalist system they wouldn't need the to remain so profitable.
>>
>>139291610
0/10
>>
>>139301022
Sounds like you got BTFO

And no, I voted for Trump, but this has nohing to do with Trump.

And this has nothing to do with pessimism either. Collapse is likely the only way we can save the west and overcome the jews.
>>
>>139282922
we all know it's gonna crash anon, but when? we've been told it's just around the corner for years now, and i'm sick and tired of getting blue balls whenever the markets show unusual activities or sudden booms

when will it finally collapse
>>
>>139301559
>when will it finally collapse

why would it?
>>
>>139282922
>In 2008, total debt dropped just a tad, and it almost blew up everything.
the graph shows total debt dropping just after the recession ended, if i'm reading it right.
>>
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>>139282922
>How do they possibly expect this to end well?

It'll end great -- eventually there'll be a collapse, and indebted people (everyone) will have to liquidate assets at fire-sale prices.

So they get paper rich when times are good, and when times are bad they get hard asset rich. It's a never-ending cycle that efficiently pumps wealth from everyone to them.
>>
>>139301679
because debt has been constantly increasing non-stop for decades and debt to gdp levels keep rising. you can't just keep printing more money forever. currency backed by debt is unsustainable
>>
we don't know how trump will affect the deficit until he publishes his budget
>>
>>139301458
I didn't get BTFO, I'm the only one ITT who's actually posted sources and facts. You two faggots are just whining and posting blatant lies, which I've proven are blatant lies, with said sources. Keep your blackpill faggotry to yourself but try to act like it's based on any facts because it's clearly not.
>>
>>139301760
yeah, you are correct

I say "2008" to just mean the financial crisis and its aftermath.

QE and governemnt spending had o make up the difference as defaults rose.
>>
>>139301890
what happened to previous collapses?
>>
>>139289862
I'm all for a gold standard, but I wouldn't want to go to it until something is done with the debt, whether it be payed off or scaled down with the dollar during the transition to the gold standard.
Don't do anything about the debt and go to a gold standard then that $20 trillion will be a lot more than what it already was even if it stays at the same number.
>>
>>139302116
well after the wall street crash we had ww2.
>>
>>139301899
You didn't even address any points. You only pointed out that wage growth is more than 0, but its still considered "stagnant." Moreover, it doesnt show disparities of wage growth for different areas and skill sets (up until at least last year, most wage growth was in the oil fields).

your other points, and I can't emphasize this enough, had nothing to do with my argument.
>>
>>139282922
You all realize that China is going to be the next world leader before the end of the century right?
>>
>>139302342
Again, you have no facts whatsoever to back up your claims. No sources. You're pulling "facts" right out of your ass. Meanwhile, in the real world, you're still wrong. I guess you thought no one would call you out of your bullshit. Sad.
>>
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>>139301899
>>
>>139302570
>still not even giving an argument.
>>
Anyone in here want to take a wild guess at what the next 4 years look like? /possible scenarios?
>>
op eats dicks like a fag
>>
>>139302681
ill be rich af
>>
>>139302588
I wish I was born later
I would have loved beeing a tenager in the real version of deus ex world
>>
>>139302220
what would've happened if there wasn't a world war?
>>
I'll go then: Antifa does their protesting, and everyone else carries on. Trump does mostly what he said he would do on all accounts. Protesting slowly dies out over the next year or two. MSM doesn't abate much, but few people believe it. Fed gov't continues to grow (but very slowly under Trump), and eventually we have another presidential election. Basically, over time whites will suffer mounting pressure, and also the economy will suffer, for this, and due to the fading of the computer/internet revolution. No new revolution (of industry) takes place that is so quick as the past electronics and computer age. Gradually globalization happens. The end.
>>
Here's another: gradually antifa grows, and there's often protests in the major cities of the US, by minorities, and by whites who have been told that we're all shitty people. All the normies and people like us don't confront them in person, but become fearful and reclusive. The left gains grounds in liberal areas with laws and local officials. The US becomes increasingly divided, along both racial and political lines. Due to the unrest, state police become more of a presence, as does the national guard. The stock market recedes, as fear is in the air. This situation escalates, or the State creates an outside enemy (such as Korea or China) in an attempt to re-unite the US. End game: either total civil war, and/or the globalists win. I hope I'm wrong, but I'm usually pretty good at this.
>>
>>139302880
it triggered the world war.
>>
>>139290949
A decade is a fat chance. The logistics and capital required alone would be astronomical.
>>
USA is still seen as the safest asset so foreign countries will continue to buy more USDs/easily liquidated US assets for the foreseeable future
>>
>>139287540
Why?
>>
>>139298896
The Fed buys government bonds also
>>
>>139299823
USA is special in that it exports its inflation, and will continue being able to do so for the foreseeable future
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>>139307206
I hope

but you have no evidence that that is going to happen
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>>139300333
>The people who we owe the money are the ones with risk.
The people who we owe money to have been screwed pretty heavily, and it is a no win situation for them
>>
>>139283099
Maximum of 15 years. Demographics literally mandate this.

It will probably happen before the 2020 elections though.

Judgingby some sectors, it could even be late this year/ early next year.
>>
>>139308707
I hope

but it will probably be a little collapse, not the chaos that I wish it was

but no one can predicts this things except for a bage idea of economic cycles
>>
>>139309710
It will almost certainly be a very, very big collapse.

Anything more than a relatively tiny correction and there will be nothing able to stop the depression. Can't drop interest rates, nobody can afford to buy american inflation. So local prices will inflate.

Deflation (or deflationary scare) will likely preceed this.
>>
>>139310379
What to buy now senpai?
>>
>>139310379
but I mean it will be at worst like 2008

people will go on

the societal collapse that people often talk about will never happen
>>
>>139310379
This is one reason the Fed is trying to hike interest rates quickly
>>
>>139310694
There was lots of cooperation between central banks after 2008 crash. Since there has been no support from Congress(In USA) the Fed has had to use extreme amounts of monetary policy to prop up the economy. This can potentially make things very badly. We've already seen negative rates in some parts of the world so who knows for sure
>>
>>139307892
>>
>>139282922
>In 2008, total debt dropped just a tad, and it almost blew up everything.
It was an electronic run on banks that caused the crisis
>fiat money doesn't exist except in ledgers, which is why you can't print your way out of a crisis without hyperinflating the currency
>they can't raise rates yet, or they slow growth
>for growth, you need jobs and consumer confidence, both of which are slowed by rising interest rates
>put this all together and you can see we are still not recovered from 2008
watch it's a wonderful life again
>it's not a debt issue
>the problem is that the entire economy is a house of cards that depends upon trust, cash flow and people not running the banks because the amount of money in the system is never equal to the amount of currency if you want growth
>fiat
>>
>>139311773
*rubs hands vigorously*
>>
>>139311773
that magazine seems décadas old

wishful thinking

isnt going to happen
>>
>>139288861
>>139289087
>>139289175
>>139289208
>>139289289
>>139288978

Excellent posts anon. I think /pol/ should have a US economics general on this board from time to time just to understand how fucked up the US economy is and in turn, the world economy.
>>
>>139310694
To stop 2008 from forming a global depression, central banks worldwide had to cooperate and use up almost every bullet they had. And they had to dismantle most of their bullet factories as well.
>>
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>>139299415

zerohedge is your best friend on economic shithole we are in the entire world.

Trump has put a small positive dent, but he cannot undo decades of fuckups before him. The max he can do is set the country on the right path, but even then I think when (((they))) pull the plug by increasing the interest rates even more, Trump will be blamed for crashing the economy.

Pic related as to what happens when FED raises rates.
>>
>>139313950
you have no evidence of this


In the us 2015 people was certain that there would be a collapse yet your fed managed to stop it
>>
>>139314102
Sparking a trade war won't set it in the right direction lol
>>
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>>139313581
its not often my pics are appreciated. thanks anon.
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>>139314335

Have a (you)
>>
>>139290648

it will be long before we will be able to mine gold from asteroids.
>>
>>139314302

can you elaborate?
>>
>>139282922

1972 America GDP growth rate was 5.236% (85% White)

1997 America GDP growth rate was 4.487% (70% White)

2016 America GDP growth rate was 1.6% ( 60% white)

>"Muh evil white men" and "muh race-mixing are good" identity politics crap
>>
>>139314788
Sparking a trade war with China would be devastating for the global economy
>>
>>139314962
I hate niggers too but GDP growth isn't only related to race.
>>
>>139315324

>White people economic potential are more higher than non-white people

>When High Income Countries is european country

>Somehow race isn't related to the economy
>>
>>139287540
If everything is going to collapse, why pay debts off at all?
>>
>>139315806
This, OP. Put your 401k into UVXY or shut the fuck up.
>>
>>139313055
that magazine was published in 1988
>>
>>139287540
>This is also why everyone needs to double down and quickly pay off any student loans
lmao. 0/10
>>
>>139291084
Gold can be subdivided into minuscule quantities.
If it became a world currency, you could hammer tiny amounts paper thin, and weave it into paper/plastic bills.
>>
>>139313055
The people who own the magazine think in centuries, and operate in decades.
Look at the date on the coin.
>>
>>139299415
>Wages rising faster than prices
Isn't this just because commiefornia has been increasing minimum wage by a dollar a year until it hits 15/hr?
>>
>>139314162
>my fed
Check the flag pls.

The fed had several emergency meetings with obama through those years. They still have some ammo left. And one of their bullets is decoupling the real economy from the statistics which is underway, particularly in japan.
>>
>>139298902
No, you simply have to re-asjust what "normal" is to you. By all means get a house and earn some money in the meantime, but use that money and that house to set yourself up so that an economic collapse wont hurt you as much. Grow vegetables, learn crop rotation, buy a water tank and filters, stock up on long term food supplies and other goods, learn some survival skills (particularly first aid), raise some chickens, maybe even a few pigs, get some guns and ammo (if illegal, get them and hide them somewhere), network with people, and surround yourself with people who will cooperate with you when shtf.

Normal is subjective. Just get ready, and never forget to enjoy life along the way.
>>
>>139282922
Finally, thank you! At least someone touched this subject. Because it's always about political bullshit and rarely about important things here.
Especially when /pol/ claims to be redpilled on jews, but doesn't really know much about finance - the most important jewish tool!
>>
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Janus Henderson's hedge fund manages more than $450 billion. Even he's scared of what's to come.
>>
>>139290648
a huge increase in the price of gold would probably be the main driver for asteroid mining to happen in the first place
>>
>>139289087

>Austrian Capitalism
>stretching to 1972

The US was on a de facto fiat currency long before Nixon suspended gold convertibility, because holding gold was illegal up until the 1960s.
>>
>>139320823
i know i know, i'm just saying "largely" it remained austrian because you could still get some physical silver or gold for your paper notes.
>>
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>>139313581
/Biz/ here, buy chan coin. It's gonna moon.
>>
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In comes the Amero. The NAFTA negotiations will ensure this.
>>
>>139321076

Nah nah nah you don't get to have your cake and eat it too. Austrian economics was from <1900 to 1929, at which point Keynesian economics takes over until at least 1972 but really more like 1982 because that was the last use of Keynesian fiscal policy to avert a financial crisis. After that, the monetarists take over and gave us the S&L collapse, LCTM, the Dotcom bubble, the Real Estate bubble, and Dotcom Part 2 today.
>>
>>139321309
>After that, the monetarists take over
was that the monetarists? i thought they were more the milton friedman/chicago types who never had their shot at having their way in the fed.
>>
>>139321541

Yeah man, Alan Greenspan and Paul Volcker were both big proponents of monetarism, and the whole "set the money supply" gag continues to this day and really propagates the idea that the Fed is completely beholden to (((Them)))
>>
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>>139321824
greenspan's an interesting guy, seems like he had his mind in the right place when writing gold and economic freedom but sold his soul to the pedophile kikes running the fed for some reason. whats your opinion on peter schiff?
>>
>>139322097

He's a hangers-on. Sound money isn't going to get the US out of its financial problems and will almost certainly exacerbate them because of the USD's position as global reserve currency.
>>
>>139322260
were in this situation because "un"sound money let the government skyrocket debt with no repercussions though, no? it wouldn't be exacerbating any problems then, just bringing forth what eventually must be dealt with.
>>
>>139322610

No, we're in this situation because the US underpins every other country on the planet in some form or another.
>>
>>139323400
can you define underpinning, and how doing such "underpin" ing would negatively effect our economy as much as a keynesian could?
>>
>>139323583

The world runs on dollar convertibility for several reasons:

1) Oil is bought with dollars
2) The US economy is fucking massive, foreign central banks purchasing US bonds devalues their currency relative to the dollar, allowing for greater market share
3) US political relationships usually have a business dimension to them as part of the US political economic structure, and because of point number 2, foreign governments are generally content to receive free money

All this means that there is an extremely high exogenous demand for American dollars, usually in the form of Treasury notes. This is a problem for the endogenous US market because it effectively means that the US is exporting consumer demand to the world, and importing consumer supply to the world. But when your supply comes from outside of the country, one of the potential outcomes is increased unemployment and debt. This outcome has indeed come to pass in the US.
>>
>>139321264
this Will never happen

even less with trumpeto

and not even if it was just Canada

and you know it
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