Originally Posted by MJ1970
It's a difference in time basically. The dollar that the Chinese have is a dollar already printed. It has already devalued the dollars that existed before it
was printed. A dollar printed today (or tomorrow) does the same thing just a day later.
I dont think its quite as simple as that. But anyway, thats just a consequence of the capitalist system based on fiat currency. Everyones happy to play the game - its like a big pass-the-parcel we played as kids, there are lots of prizes, but star prize - the last one - turned out to be a pile of shit. Oh well, too bad - it was known from the start that the merry go round wouldnt revolve forever.
That's what they've been doing for basically the last 100 years.
defeated your own argument then. thanks for being honest.
Not really. Understanding != uptightness. I understand what's going on and the dire effects it is likely to have to lots of people, sadly. But that's what happens when governments try to create money...they end up destroying people's lives.
So basically although it has transpired that through sleight-of-hand and threat of force that the western world has had it good, by exploiting everything and everyone for a hundred or so years - Now that the party is over and reality has come home to roost - It will mean that we might have to start living like the other 95% of the people in the world....well you should be grateful that you had it good for so long. It isnt a right, it was a priviledge.
Ive never been better. I remember that when the financial crisis kicked off I said right here
that it was time to get your head straight, and that alot of people would be going mad shortly....Ive seen alot of mad, stressed, crazy people the last few years - I took my own advice, best dividends ever...