View Full Version : Feds continue borrowing over $5 billion per day despite credit downgrade
Gunny
08-08-2023, 07:28 PM
https://www.thecentersquare.com/national/article_5c26d8ee-3621-11ee-99d1-2f3e2222e9d2.html
Black Diamond
08-08-2023, 08:06 PM
Good. Get another downgrade jackasses. Put everyone's portfolios in the shitter.
Good. Get another downgrade jackasses. Put everyone's portfolios in the shitter.
fiat money was always headed this way. it ends with massive inflation, corruption, cronyism, and destruction.
it has never NOT happened with fake money.
fj1200
08-09-2023, 08:44 AM
fiat money was always headed this way. it ends with massive inflation, corruption, cronyism, and destruction.
it has never NOT happened with fake money.
Not really. But what would you like? The gold standard?
Only idiotic, populist morons think the gold standard is the way to go.
Kathianne
08-09-2023, 09:29 AM
Not really. But what would you like? The gold standard?
Only idiotic, populist morons think the gold standard is the way to go.
I'm not for gold standard, some fiscal restraints would be good. Congress needs to take back its powers.
Not really. But what would you like? The gold standard?
Only idiotic, populist morons think the gold standard is the way to go.
yes really.
and the rest of the world is moving to a gold standard.
your days of keynesian fake money retardation are coming to an end.
Russia confirms BRICS will create a gold-backed currencyhttps://www.kitco.com/news/2023-07-07/Russia-confirms-BRICS-will-create-a-gold-backed-currency.html
I'm not for gold standard, some fiscal restraints would be good. Congress needs to take back its powers.
humanity is becoming hip to the fiat money con.
bankster fascism is a dying ideology.
evil has lost.
ll regions
Safe search: off (https://duckduckgo.com/?q=all+fiat+currencies+have+failed&ia=web#)
Any time (https://duckduckgo.com/?q=all+fiat+currencies+have+failed&ia=web#)
https://external-content.duckduckgo.com/ip3/www.hardmoneyhistory.com.ico (https://duckduckgo.com/?q=all%20fiat%20currencies%20have%20failed+site:ww w.hardmoneyhistory.com)https://www.hardmoneyhistory.com › history-of-fiat-currency-failures (https://www.hardmoneyhistory.com/history-of-fiat-currency-failures/)
A Short History of Fiat Currency Failures: 9 Currencies That Have Imploded (https://www.hardmoneyhistory.com/history-of-fiat-currency-failures/)
Mar 6, 2023In 1935 they introduced the fabi, an inconvertible fiat currency and ordered all citizens to hand in their silver. The government used the silver to buy US dollars to act as reserves for the fabi. ... The fabi was replaced in 1948 by the gold yuan but that too failed and in 1949 the Nationalist government retreated to Taiwan and the Communists ...
https://external-content.duckduckgo.com/ip3/www.goldtelegraph.com.ico (https://duckduckgo.com/?q=all%20fiat%20currencies%20have%20failed+site:ww w.goldtelegraph.com)https://www.goldtelegraph.com › fiat-currency-fails (https://www.goldtelegraph.com/fiat-currency-fails)
There is No Escaping History: Fiat Currency Eventually Fails (https://www.goldtelegraph.com/fiat-currency-fails)
By Alex Deluce Paper currency has led to the collapse of almost every economy that has tried to institute a fiat currency to trade for goods and services. It's not looking very well for the once mighty dollar, either. Throughout history, attempts at using fiat currency, even today, has failed.
https://external-content.duckduckgo.com/ip3/mint.intuit.com.ico (https://duckduckgo.com/?q=all%20fiat%20currencies%20have%20failed+site:mi nt.intuit.com)https://mint.intuit.com › blog › trends › hyperinflation-the-story-of-9-failed-currencies (https://mint.intuit.com/blog/trends/hyperinflation-the-story-of-9-failed-currencies/)
Hyperinflation: The Story of 9 Failed Currencies (https://mint.intuit.com/blog/trends/hyperinflation-the-story-of-9-failed-currencies/)
By 2004, inflation reached a then-all time high of 624%, before going below triple digits in 2005, and then surged up to to 1,730% in 2006. In August 2006, the currency was replaced with a New Zimbabwe dollar at a rate of 1 to 1,000. By mid-2007, inflation reached a yearly increase of 11,000%.
https://external-content.duckduckgo.com/ip3/jermaineholmes.com.ico (https://duckduckgo.com/?q=all%20fiat%20currencies%20have%20failed+site:je rmaineholmes.com)https://jermaineholmes.com › history › fiat-currency-failures (https://jermaineholmes.com/history/fiat-currency-failures/)
The History of Fiat Currency Failures and Hyperinflation (https://jermaineholmes.com/history/fiat-currency-failures/)
One of the most recent cases of fiat currency failure occurred in Venezuela during the mid-2010s, peaking in 2018 when the national inflation rate reached a staggering 80,000%. The collapse of the Venezuelan bolivar began in 2010 when then-President Hugo Chavez took steps to try reducing shortages of consumer goods and raw materials throughout ...
https://external-content.duckduckgo.com/ip3/nationalinterest.org.ico (https://duckduckgo.com/?q=all%20fiat%20currencies%20have%20failed+site:na tionalinterest.org)https://nationalinterest.org › commentary › the-collapse-the-fiat-system-6639 (https://nationalinterest.org/commentary/the-collapse-the-fiat-system-6639)
The Collapse of the Fiat System (https://nationalinterest.org/commentary/the-collapse-the-fiat-system-6639)
The Collapse of the Fiat System. All fiat currencies eventually go to zero value, and usually they do it in less than forty years. We now are in year forty-one. On August 15, 1971, President Nixon ...
https://external-content.duckduckgo.com/ip3/www.vanessabenedict.com.ico (https://duckduckgo.com/?q=all%20fiat%20currencies%20have%20failed+site:ww w.vanessabenedict.com)https://www.vanessabenedict.com › history-of-fiat-currency-failures (https://www.vanessabenedict.com/history-of-fiat-currency-failures/)
Why do all fiat currencies fail? (https://www.vanessabenedict.com/history-of-fiat-currency-failures/)
Jun 9, 2022A much-cited but widely disputed study of the 27-year lifespan of paper money found that 20% of the 775 fiat currencies analyzed failed due to hyperinflation, with experts saying 21% was destroyed during the war. Do fiat currencies always fail Graveyard of fiat currencies Therefore, hyperinflation and currency collapse are not uncommon.
https://external-content.duckduckgo.com/ip3/www.reddit.com.ico (https://duckduckgo.com/?q=all%20fiat%20currencies%20have%20failed+site:ww w.reddit.com)https://www.reddit.com › r › Wallstreetsilver › comments › om155n › list_of_failed_or_failing_fiat_currencies_so_far (https://www.reddit.com/r/Wallstreetsilver/comments/om155n/list_of_failed_or_failing_fiat_currencies_so_far/)
List of failed or failing fiat currencies so far. (https://www.reddit.com/r/Wallstreetsilver/comments/om155n/list_of_failed_or_failing_fiat_currencies_so_far/)
Zimbabwe gone, South Africa not far behind, Venezuela gone, Argentina crashing for the third time in 20 years, Greece unpayable debts, Ireland unpayable debts, Italy about the same, Turkey not far from failure. Lebanon gone, Syria, Iraq, Afghanistan useless, Iran isolated, Cuba collapsing, Libya gone.
https://external-content.duckduckgo.com/ip3/www.swapfol.io.ico (https://duckduckgo.com/?q=all%20fiat%20currencies%20have%20failed+site:ww w.swapfol.io)https://www.swapfol.io › the-history-of-failed-fiat-currencies (https://www.swapfol.io/the-history-of-failed-fiat-currencies/)
The History of Failed Fiat Currencies (https://www.swapfol.io/the-history-of-failed-fiat-currencies/)
WhatsApp Throughout history, fiat currencies have repeatedly continued to rise until they eventually collapse due to devaluation. In our current financial system, paper money gets introduced to an economy where it creates an economic boom.
https://external-content.duckduckgo.com/ip3/www.financialsense.com.ico (https://duckduckgo.com/?q=all%20fiat%20currencies%20have%20failed+site:ww w.financialsense.com)https://www.financialsense.com › contributors › ron-hera › fifteen-fundamental-problems-with-fiat-currencies (https://www.financialsense.com/contributors/ron-hera/fifteen-fundamental-problems-with-fiat-currencies)
15 Fundamental Problems with Fiat Currencies (https://www.financialsense.com/contributors/ron-hera/fifteen-fundamental-problems-with-fiat-currencies)
10. Concentration of Wealth - Over time, fiat currency schemes cause wealth and property to accrue to those who enjoy the extraordinary privilege of creating the currency, thus increasing the concentration of wealth in society. Extreme concentration of wealth is economically and ultimately politically destabilizing.
https://external-content.duckduckgo.com/ip3/news.bitcoin.com.ico (https://duckduckgo.com/?q=all%20fiat%20currencies%20have%20failed+site:ne ws.bitcoin.com)https://news.bitcoin.com › how-fiat-money-fails-deconstructing-the-governments-paper-thin-promise (https://news.bitcoin.com/how-fiat-money-fails-deconstructing-the-governments-paper-thin-promise/)
How Fiat Money Fails: Deconstructing the Government's Paper-Thin Promise (https://news.bitcoin.com/how-fiat-money-fails-deconstructing-the-governments-paper-thin-promise/)
A much cited but highly disputed 27-year fiat lifespan study found that 20% of the 775 fiat currencies examined failed due to hyperinflation, and that 21% were destroyed in war. 24% percent were reformed through centralized monetary policy.
it's funny how you people pretend to be "tough on the fed".
fj1200
08-09-2023, 12:56 PM
I'm not for gold standard, some fiscal restraints would be good. Congress needs to take back its powers.
Yeah, in many areas in many ways.
Yeah, in many areas in many ways.
way to be vague.
you're a real agent of change.
fj1200
08-09-2023, 01:06 PM
yes really.
and the rest of the world is moving to a gold standard.
your days of keynesian fake money retardation are coming to an end.
Russia confirms BRICS will create a gold-backed currency
The gold standard is not all it's cracked up to be; inflation and deflation are not ruled out. BRICS is a sideshow and not a real threat to the USD standard.
ll regions
Safe search: off (https://duckduckgo.com/?q=all+fiat+currencies+have+failed&ia=web#)
Any time (https://duckduckgo.com/?q=all+fiat+currencies+have+failed&ia=web#)
When you search "all fiat currencies have failed" don't be surprised when you get links that support your posit. Your posit is obviously not correct anyway.
fj1200
08-09-2023, 01:08 PM
way to be vague.
you're a real agent of change.
I'm sure the individual I replied to knows what I'm talking about. Because she knows words and context and stuff. You however toss out a word salad and think it's coherent.
Not really. But what would you like? The gold standard?
Only idiotic, populist morons think the gold standard is the way to go.
yes.
gold standard.
and barter would actually be better.
a.i. could be used to do a j.i.t. barter network.
but of course, it will be used to control and murder.
Praise jesus tho. he will destroy this hell.
fj1200
08-09-2023, 01:12 PM
yes.
gold standard.
and barter would actually be better.
a.i. could be used to do a j.i.t. barter network.
but of course, it will be used to control and murder.
Praise jesus tho. he will destroy this hell.
Barter huh? You really do prefer the stone age. I understand your preferred candidate a little more now.
Barter huh? You really do prefer the stone age. I understand your preferred candidate a little more now.
yes. brics is creating a gold back currency because they're stone age.
get a clue.
fj1200
08-09-2023, 03:53 PM
yes. brics is creating a gold back currency because they're stone age.
get a clue.
No. You're stone age. BRICS is just dumb. There's no way that they can be a reserve currency unless they stand willing to let their currency float and are willing to convert BRICS into gold.
No. You're stone age. BRICS is just dumb. There's no way that they can be a reserve currency unless they stand willing to let their currency float and are willing to convert BRICS into gold.
ok deep thoughts by jack handy.
fj1200
08-09-2023, 04:35 PM
ok deep thoughts by jack handy.
Ah, I see the problem. You think understanding the history of what has come before, the ramifications of what you propose, and using words and phrases related to the topic you're trying to have a conversation about is... deep thoughts. See the collapse of Bretton Woods as prologue to the collapse, or failure in the first place, of BRICS to take hold. Hint: Don't start with Nixon.
Gunny
08-09-2023, 04:46 PM
I'm not for gold standard, some fiscal restraints would be good. Congress needs to take back its powers.My bitch is always the same. The very people mishandling our tax dollars and digging us to China in debt would have any of us in prison for it, after taking everything we own and trying their best to go after our families to suck back every single penny they could get their hands on. So they could waste them:rolleyes:
It hurting to bring this to a halt is inevitable. How much is the question. They seem to think they can spend their way out of debt. Debt they created but we'll suffer payiing for while they still host $1M dinners in DC.
Ah, I see the problem. You think understanding the history of what has come before, the ramifications of what you propose, and using words and phrases related to the topic you're trying to have a conversation about is... deep thoughts. See the collapse of Bretton Woods as prologue to the collapse, or failure in the first place, of BRICS to take hold. Hint: Don't start with Nixon.
Yes. I learn from history.
you're doomed to repeat it because apparently you're dumb.
fj1200
08-09-2023, 05:35 PM
Yes. I learn from history.
you're doomed to repeat it because apparently you're dumb.
Wow, you told me with logic, examples, and clarity. :rolleyes:
Wow, you told me with logic, examples, and clarity. :rolleyes:
I was just properly framing your own points.
you think studying what has always happened with fiat currency in the past is is some form of stupidity.
the truth is that learning from history is a positive trait.
you're welcome.
fj1200
08-09-2023, 06:47 PM
I was just properly framing your own points.
you think studying what has always happened with fiat currency in the past is is some form of stupidity.
the truth is that learning from history is a positive trait.
you're welcome.
Word salad. You claim some sort of knowledge that others do not have but you are unable to demonstrate any of it.
Word salad. You claim some sort of knowledge that others do not have but you are unable to demonstrate any of it.
no.
the failures of all previous fiat currencies are documented facts.
are you brain damaged?
fj1200
08-10-2023, 09:17 AM
no.
the failures of all previous fiat currencies are documented facts.
are you brain damaged?
So all are failures except the ones that have currently not failed. Got it. Please provide a listing of all current gold standard currencies.
So all are failures except the ones that have currently not failed. Got it. Please provide a listing of all current gold standard currencies.
yes.. and the extant ones now are approaching failure.
perhaps under my tutelage you can learn to learn from history too, like a smart person.
Kathianne
08-10-2023, 09:47 AM
yes.. and the extant ones now are approaching failure.
perhaps under my tutelage you can learn to learn from history too, like a smart person.
Where are the links to the current ones that have not failed yet?
Where are the links to the current ones that have not failed yet?
Do you really need me to get you a list of modern fiat currencies?
Kathianne
08-10-2023, 10:08 AM
Do you really need me to get you a list of modern fiat currencies?
Yes.
Yes.
no you don't.
i dont do busywork.
if you can't think of a modern currency then i can't help you.
fj1200
08-10-2023, 11:13 AM
Yes.
He is unable to provide or won't expose the vacuousness of his position.
no you don't.
i dont do busywork.
if you can't think of a modern currency then i can't help you.
Which of the below is true?
1. All fiat currencies have failed.
2. All gold-standard currencies have failed.
He is unable to provide or won't expose the vacuousness of his position.
Which of the below is true?
1. All fiat currencies have failed.
2. All gold-standard currencies have failed.
all fiat currencies have failed. except for the current ones who are heading that way.
fj1200
08-10-2023, 11:16 AM
all fiat currencies have failed. except for the current ones who are heading that way.
That's a nothing answer.
That's a nothing answer.
Only if you can't read.
fj1200
08-10-2023, 11:19 AM
Only if you can't read.
I both read and understood. It was a nothing answer. I asked a specific question.
I both read and understood. It was a nothing answer. I asked a specific question.
all fiat currencies have failed.
that's my answer.
except for the current ones that are in the process.
Black Diamond
08-10-2023, 11:34 AM
I think a good debate could be had re gold standard or not. But bartering????
Wtf
I think a good debate could be had re gold standard or not. But bartering????
Wtf
it's more achievable now. think e bay where's everyones a buyer and seller.
but these keynesians won't even acknowledge the historic failures of all fiat currencies.
could you help me there, bro?
Black Diamond
08-10-2023, 11:48 AM
it's more achievable now. think e bay where's everyones a buyer and seller.
but these keynesians won't even acknowledge the historic failures of all fiat currencies.
could you help me there, bro?
FJ isn't a keynesian.
Gunny
08-10-2023, 11:51 AM
no you don't.
i dont do busywork.
if you can't think of a modern currency then i can't help you.You pussed out :buttkick:
FJ isn't a keynesian.
i'd say he is.
keynesians always deny any problems with fiat currencies.
we can disagree on what he is.
or he can tell us how he actually disagrees with keynes.
Black Diamond
08-10-2023, 11:53 AM
i'd say he is.
keynesians always deny any problems with fiat currencies.
we can disagree on what he is.
or he can tell us how he actually disagrees with keynes.
He's more austrian than Arnold :cool:
You pussed out :buttkick:
that's right. none of you can think of a currency.
:laugh2:
clown world.
He's more austrian than Arnold :cool:
is he?
The Austrian school is generally critical of the use of fiat currency and prefers money be backed by gold (https://money.usnews.com/investing/funds/slideshows/best-gold-etfs-to-hedge-volatility) reserves or some other form of tangible resource. They believe the use of inconvertible fiat money encourages governments to devalue currencies, destroy savings and create inflation.
Austrian economists generally rely on logic and critical thinking more than complex statistical models and formulas. They believe maintaining free markets and protecting the money supply are keys to ensuring social progress and civil liberty. As a result, central banks like the U.S. Federal Reserve (https://money.usnews.com/investing/term/federal-reserve-bank) can be enemy number one for Austrian economists.
Asher Rogovy, chief investment officer at Magnifina, says Austrian economics suggests central banks should take a hands-off approach to the economy.
"Central banks can control an economy's money supply, which affects interest rates. Austrian-school economists tend to believe that inflation is simply a function of money supply and therefore it should remain constant to avoid inflation," Rogovy says.
https://money.usnews.com/investing/articles/keynesian-economics-vs-austrian-economics
Kathianne
08-10-2023, 12:07 PM
Only if you can't read.
Beyond bored by your not participating beyond 'nothing burger' answers. Seriously, it's time for more thread bans if you are not going to participate and do so more or less, (emphasis on more), civilly.
Beyond bored by your not participating beyond 'nothing burger' answers. Seriously, it's time for more thread bans if you are not going to participate and do so more or less, (emphasis on more), civilly.
Kathianne's finishing school for petulant globalists! how to be civil 101. never say truth.
fj1200
08-10-2023, 12:46 PM
all fiat currencies have failed.
that's my answer.
except for the current ones that are in the process.
That is provably false. And you know it because you tried to qualify it. Answer my question please.
Kathianne
08-10-2023, 12:47 PM
That is provably false. And you know it because you tried to qualify it. Answer my question please.
I'm afraid you'll have to start another thread.
fj1200
08-10-2023, 12:55 PM
I think a good debate could be had re gold standard or not. But bartering????
Wtf
That might be interesting if someone ;) had the ability.
it's more achievable now. think e bay where's everyones a buyer and seller.
but these keynesians won't even acknowledge the historic failures of all fiat currencies.
could you help me there, bro?
You can't barter the mass production of a car.
fj1200
08-10-2023, 12:59 PM
FJ isn't a keynesian.
My work is done here. :clap:
He's more austrian than Arnold :cool:
Actually it's probably more accurate to say I'm more Chicago School than Ditka.
fj1200
08-10-2023, 01:00 PM
I'm afraid you'll have to start another thread.
That's the problem with the slow take-down of trolls I guess. :poke:
Kathianne
08-10-2023, 01:04 PM
My work is done here. :clap:
Actually it's probably more accurate to say I'm more Chicago School than Ditka.
Me too! Actually Milton Friedman was a draw when I was applying to university. It was sociology though that actually made the sale. ;)
fj1200
08-10-2023, 01:16 PM
Which of the below is true?
1. All fiat currencies have failed.
2. All gold-standard currencies have failed.
If anyone cares #2 is true. There are zero gold standard currencies currently on the planet which makes all the currencies on the planet fiat currencies. Not to say that there aren't some countries failing at maintaining their fiat currencies. Looking at you Zimbabwe; 175% for them is actually pretty good.
Black Diamond
08-10-2023, 01:24 PM
If anyone cares #2 is true. There are zero gold standard currencies currently on the planet which makes all the currencies on the planet fiat currencies. Not to say that there aren't some countries failing at maintaining their fiat currencies. Looking at you Zimbabwe; 175% for them is actually pretty good.
The president of Zimbabwe (I don't know which one) was considered the most evil man on the planet (shrug)
Gunny
08-10-2023, 02:19 PM
The president of Zimbabwe (I don't know which one) was considered the most evil man on the planet (shrug)I thought he was considered the stupidest racist moron on the planet but I was thinking about South Africa. And he's not racist for wanting to kill white farmers since he's black:rolleyes:
Africa's got and had some real gems.
fj1200
08-10-2023, 02:27 PM
The president of Zimbabwe (I don't know which one) was considered the most evil man on the planet (shrug)
Mugabe. Evil. But confiscating farms from the white people paid off. :rolleyes:
Kathianne
08-10-2023, 03:05 PM
Of interest:
https://www.forbes.com/sites/nathanlewis/2023/07/16/the-brics-go-for-gold/?sh=47c755be5eb3
fj1200
08-10-2023, 03:11 PM
Of interest:
https://www.forbes.com/sites/nathanlewis/2023/07/16/the-brics-go-for-gold/?sh=47c755be5eb3
We'll see. But the problem with any currency, gold backed, fiat, whatever is the government that is controlling it. And any of the BRICS are not at the top of the list when it comes to trustworthy governments.
Related; kicking the Russkies off of SWIFT was probably not a good idea.
Kathianne
08-10-2023, 03:17 PM
We'll see. But the problem with any currency, gold backed, fiat, whatever is the government that is controlling it. And any of the BRICS are not at the top of the list when it comes to trustworthy governments.
Related; kicking the Russkies off of SWIFT was probably not a good idea.
To your related, I agree as presented in article. Non-starter until Ukraine?
fj1200
08-10-2023, 03:27 PM
To your related, I agree as presented in article. Non-starter until Ukraine?
If I'm reading your question correctly. Probably a bad idea before or after because of the way it might look to other countries; that we are willing to kick countries off so quickly whether it was justified or not.
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