de-dollarization

This is what I am doing right now:

Andrei Martyanov: Russia Set to DESTROY Ukraine's Army! Turkey Joins BRICS – Is This the FINAL Blow?​

 
Hawkeye10 said:
You know my opinion on the wisdom of investing into Almost Never Right Walt.
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Walt painted himself into a corner. He sees how much is being added to the national debt. Walt also knows the Dow/Gold ratio is at a 45-month low. Once the Dow drops by half or even more, we could see a 1:1 ratio.
 
goat said:
You didn't address maximum saturation. Every economist knows a global collapse is right around the corner. Most are comparing it to 1929 or worse. That's why the US is pushing hard for WW3.
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Can an entire economy hit maximum saturation? It does not seem possible. We always want more of something. And if we did hit maximum saturation, wouldn't that be a post scarcity economy, and a good thing?

I can understand arguing that there can be enough refrigerators in the world. When every person on Earth has a refrigerator, they will not want two refrigerators. But we are far from every person having a refrigerator, and more importantly, there are other things we want.

Do you have everything you want in life? If not, we are no where near maximum saturation.

As for having severe deflation causing a Great Depression... We have cut down on inflation, but not so much that we are looking at deflation.
 
goat said:
Walt painted himself into a corner. He sees how much is being added to the national debt. Walt also knows the Dow/Gold ratio is at a 45-month low. Once the Dow drops by half or even more, we could see a 1:1 ratio.
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I rarely even think of gold. It can tell us a little about how sentiments are, but I have never even heard of a Dow/gold ratio being of any importance. Admitted, I am an amateur, but a well educated amateur.

It just does not seem important to me.
 
goat said:
When the Dow drops 50% or even 60%, Walt will be calling it a correction.
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First off, I do not use the Dow. It is not a good benchmark. A more reasonable benchmark would be the S&P 500.

I can deal with an S&P 500 drop of 50%. I have also modeled a 90% drop, but that is after a 200% rise, like in the Great Depression. Both mean a 50% loss of my investments. Even the malaise of the 1970's will not do much damage.

A 50% drop would be emotionally upsetting, but intellectually not so upsetting. It is going to happen, sooner or later. My algorithm has me rebalance from bonds to stock, and invest more while stocks are down. In the long run, I actually profit from it.

What scares me is 1% growth adjusted for inflation in the markets for 20 to 40 years. That would be brutal. Worse would be a government confiscate my Roth.

goat said:
He'll deny the 7 million families foreclosed on. JPP republicans will call them lazy and tell them to get a job. I saw it with my own eyes in 2010.
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We all saw it during Bush's Great Recession. We would need a major drop in the cost of housing for that to happen. Right now, foreclosures are at near record lows.

If that happened, some families would lose their houses, but many more families would suddenly be able to afford a house.
 
goat said:
When the Dow drops 50% or even 60%, Walt will be calling it a correction. He'll deny the 7 million families foreclosed on. JPP republicans will call them lazy and tell them to get a job. I saw it with my own eyes in 2010.
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this is why republicans sucked cock with the rest of the globalists until trump came along with the right ideas!

Trump 2024!

Have YOU VOTED YET?

:magagrin:
 
Walt said:
Can an entire economy hit maximum saturation? It does not seem possible. We always want more of something. And if we did hit maximum saturation, wouldn't that be a post scarcity economy, and a good thing?

I can understand arguing that there can be enough refrigerators in the world. When every person on Earth has a refrigerator, they will not want two refrigerators. But we are far from every person having a refrigerator, and more importantly, there are other things we want.

Do you have everything you want in life? If not, we are no where near maximum saturation.

As for having severe deflation causing a Great Depression... We have cut down on inflation, but not so much that we are looking at deflation.
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post scarcity economy, consumer economy.

these terms were always for stupid people.

you're very stupid.
 
Lao Tse said:
post scarcity economy, consumer economy.

these terms were always for stupid people.

you're very stupid.
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We dont make much of anything and the world is leaving us by the side of the road, for cause.

Massive decline in quality of life is now baked in.
 
Lao Tse said:
post scarcity economy, consumer economy.

these terms were always for stupid people.

you're very stupid.
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I am not sure that a post scarcity economy is possible, and more importantly, I am sure it is impossible today. I do not see how we could have maximum saturation in our whole economy.

Not quite sure why I would be stupid for pointing that out.
 
Walt said:
And I only referenced it to abuse Goat over it.

So you are saying Goat is dumb? I would not say that, but OK.
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i dont think he was talking about some utopian term used to make americans think excessive globalization is ok, like "post-industrial society" or "consumer society"... "post scarcity society" is another of one of those terms.
 
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