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Special Treatment ONLY for China and Nobody Else

FunnyMoney

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#1
Why does China PEG their currency to whatever value they decide?
That's been going on for decades. They actually use the dollar to PEG to and openly, in-your-face, publicly state that.


The EURO, Yen, Pound, Franc, USD, and all other major currencies in the world trade on the FOREX in a free floating manner.

A peg creates an overwhelming advantage for the country managing the peg and this is across all aspects of the global economy.

Nobody in alternative media nor MSM will touch this subject.
 

FunnyMoney

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#3
Yes, that sounds exactly correct...

Just like the laws of physics don't apply on a certain day., the laws of economics can also be adjusted.

Some would say that the controllers of the USD are managing the PEG. But for what purpose if true, for the destruction of the American middle class? For the status quo deterioration of our infrastructure and the creation of it in Asia?

How can a trade war be won if at the time when tariffs begin, the RMB immediately moves, 6.2 to 6.9?

Lots of questions where all the answers lead to more wealth extraction from the workers into the controllers' hands. Not just the dims and repukes working together, leaders are working together globally. The global conflicts, both hot and cold, orchestrated for your enjoyment and to your detriment. Soon, the "Bi-Dung & Tramp" show will take center stage. How much is that going to cost us?
 

FunnyMoney

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#5
Lots of countries peg ...
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The MSM article is a perfect example of propaganda on this subject and how there can be no mention of the PEG advantage at the main table.

........................…. Distraction warning! Debunk time....
  1. Those other countries are very tiny economic players in comparison, or as with SA, a tied to hip bargain with the USD.
  2. They're entirely on the fringe of the global economy. On that list, only Hong Kong (China again) has economic muscle.
  3. The others don't even make honorable mention or the credits - the show must go on.
Over here, in the show, at the main table, we have the players... Euro, USD, Pound, Yen, RMB, AUD, Ruble and Frank.... I mean Franc...

The show must go on. Believe me, it's a fair poker game. The players are fine with the rules, what's not to like exactly?

The destruction of the American middle class - nah, never happen. Pull up your belt, suck it up and turn on the tube. The Bi-Dung & Tramp show coming soon. But don't grab the popcorn just yet, technically, we still need to get to the primaries, the preview to the show and all the pre-show activities. Don't worry about the admissions, … you already paid, you are paying and you will pay and no, there's no opting out.
 
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ZZZZZ

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#6
The US pegged its "currency" too, up until 47 years ago. That was a good thing. :oriental:

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FunnyMoney

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#7
A half century back we had a good thing going you say? So sometime around the days of Nam that all changed then and now the global powers have shifted the PEG east you say? Interesting point of view. How historically neat and nice. Probably spot on.

So for the last half century, the advantage again, economically, in plain English - why give the advantage over to them for 5 decades?
More money for military encroachments and less money to the American worker?

Nah, that couldn't be the reason, could it?


You notice the way alternative media, and main stream media back far away from that reason - nobody will get close to it. The answer has to be an hour long lecture on economic history instead.

Did you ever wonder why the "5 decade long advantage" is never mentioned in plain, easy to understand English? Another elephant in the room that nobody is willing to admit.

Truth too hard to swallow.

Too hard to admit 50,000 young soldiers dead for nothing. Too hard to admit we've been and ARE being sold down the river? Trump's not telling the truth and hasn't since prior to the election - the word "peg" has been removed from the acceptable questions.

Journalists using that word while asking Trump or any member of CON-gress a question shall be quickly tazzed and escorted out as the answer comes back, "we're looking into it."
 
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ZZZZZ

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#8
You notice the way alternative media, and main stream media back far away from that reason - nobody will get close to it. t.
Well, not "nobody." A few people aren't afraid to speak out.

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Joe King

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#9
- why give the advantage over to them for 5 decades?
We're not "giving" them anything. The Chinese gov simply decided to do it. Ie: it's not as though they are required to ask us first.

Also, the fact so many nations do peg their currencies to the USD is merely a sign of the Dollars strength relative to other currencies. If we wanted to, we could peg ours to theirs.
 

FunnyMoney

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#10
We're not "giving" them anything. ...the fact so many nations do peg ....
Haha - repeat a lie enough times and maybe people will believe you? Is that the next strategy the status quo proponents trot out?

"so many" ? What a joke, like some single digit number of tiny, economically insignificant nations is "so many!"

And we did give them that advantage, the entire world went along with it. All the other MAJOR WORLD RESERVE CURRENCIES - the entire dozen or so of them float on the forex - ONLY the China Peg does not. ONLY THEM.

Suddenly after 5 decades the trade imbalance and the loss of workers wealth is now a problem?

You watch. This thread is going to be just like the others... crickets, then distractions, then deceptions and finally calling names. Few willing to admit the logical, economically and mathematically sound advantage and why it was allowed.

All the other big players float on the FOREX except One Big Player. If the workers of America really knew how global economics works there would be a revolution by morning.
 

Joe King

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#11

FunnyMoney

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#12
Does that describe the RMB?
Of course it does.

They have a nuke collection that could blow the planet off it's orbit - just a we do.

They sell products to nearly every nation possibly even more than we do. Any nation that buys their products can utilize a demand for their currency to pay for those products. Their currency is in demand and that demand continues to grow as they make agreements to trade without the middle step of going back and forth with USD exchanges.

Since ONLY they get the massive advantage of a 5-decade long PEG, the case can be made that they are actually the top world reserve currency by policy, if not yet in practice.

Whether they are #1 or #3 or #9 on the list of globally accepted currencies,, whatever the number, they're definitely one of the top dogs.

Whether they are traded at every currency exchange booth at every airport in the world yet - this shouldn't be the only litmus test,. But even on this trait, recently I've noticed they've been growing fast here as well.
 

Joe King

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#13
Whether they are #1 or #3 or #9 on the list of globally accepted currencies,, whatever the number, they're definitely one of the top dogs
They are part of "other" on this graph.
Global_Reserve_Currencies.png


If you really want to do something, work on getting China out of the WTO.


Here is a list of the 5 biggest trade promises China has broken with the WTO (World Trade Organization), including intellectual property theft and hacking, that pushed the US over the edge and caused the tariffs and trade war.
 

FunnyMoney

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#14
They are part of "other" on this graph....

China has broken {it's promises}.
MSM narrative and very poor quality propaganda.

Everyone knew China would break those promises. They try to blame Clinton and run the story as "my side..." propaganda.
Clinton had exited the scene over a year earlier. Bush signed the deal that everyone knew they would break.

They could have taken things as baby steps, they try to pretend they weren't told and it was set in motion. It was and is still a global move.


Well, not "nobody." A few people aren't afraid .... {war related jessie ventura video]
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Wow , that was amazing. This is what Jessie is doing now? Linking abortion issues with assault rifle law?
What does that video have to do with China's peg? Plus, it's got a lot of propaganda.

I must say, the RT propaganda out of LA is top notch! That 30 min. dialog, which I don't think was an interview because it's his show and then claiming to be a journalist, producer Brigida Santos, there's no way she lets the cat out of the bag with her "questions", what do they call them now, the dialog they performed, is it still called a "question and answer" session. There circulating around the truth is at times nauseating but the performance was spactacular... but I wonder ,,.. can we visit the office at RT, wonder if we would get chopped up like the guy in Turkey? Wait, that was an embassy. I would take an escort there, how did they get so good at propaganda? What a show!. Actually, the propaganda is pretty good here too. Brigida should defect while she's in LA, maybe she can become a citizen.

I think she would make a great citizen. She might need to find it a bit hard in LA to get fully de-brainwashed and embrace truth and liberty or it could take a while - or wait, maybe it is just a money thing for all involved. Are they just after their own revenue stream? Is it lucrative, this "journalism show?" I wish for a member to explain that one.

But back on point, seriously, who are they kidding? , He says it himself !, Right there in the middle of the video , he himself admits it's not the truth, - 1f he reads this he surely won't make a folowup mistake again … so I won't even mention it. They probably don't read this, I'll probably delete it after you read it. Members can PM me if they want to know. But I'm not going into a page long debunking of his agenda either - or worse, into theirs. Could it be controlled opposition for hire with those hiring setting the overall tone? Not sure all the details. Anyway, back at the ranch...

Ron Paul was pretty cool , RP is still an inspiration, but there was nothing about the PEG...

Entirely entertaining though.
 
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Joe King

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#15
Everyone knew China would break those promises. They try to blame Clinton and run the story as "my side..." propaganda.
Clinton had exited the scene over a year earlier. Bush signed the deal that everyone knew they would break.
I don't really care who was in office at the time it was signed, but since you brought it up, Clinton was one who helped finish up the deal that had been being worked on since '86. It was during Clinton's 2nd term that trade with China really started ramping up.
 

Joe King

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#16
As for China or any other nation pegging their currency to ours, imho we should like that they do so. The more ways the rest of the World uses our Dollar, the better it is for us. We want the World to use it.

Besides, by pegging to our Dollar, it's like they are trying to imitate us, and isn't it said that imitation is the sincerest form of flattery?
 

FunnyMoney

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#17
I don't really care who was in office at the time it was signed, but since you brought it up, Clinton was one who helped finish up the deal that had been being worked on since '86. It was during Clinton's 2nd term that trade with China really started ramping up.
It was a 5 decade long treason to sell the American worker down the river - don't try to play that blame someone more than someone else" game. Switching propaganda tactics now? Deflection argument again?


As for China or any other nation pegging their currency to ours, imho we should like that they do so. The more ways the rest of the World uses our Dollar, the better it is for us. We want the World to use it.

Besides, by pegging to our Dollar, it's like they are trying to imitate us, and isn't it said that imitation is the sincerest form of flattery?
We should do something then in the future? Another deflection technique: We had top currency by ourselves prior to the peg, what might happen in the future is irrelevant to the 5 decade long turned over advantage that existed then and currently still does today.

Imitation as flattery - that's all you have? A peg which you control as an advantage over others is now flattery? What's next, it's a 3 letter word, the "peg", 3 letter words are cool?

Your been grasping at straws for a while now in this thread. You really want to say that the mainstream sources with lots of views and pretty videos know what's going on and the truth, forget it. A you only PEG for your top currency to suck jobs out of America and into a far away place and you knew it. It's treason and there's still a few members here who know it, despite your constant distractions from the truth.


The EURO, Yen, Pound, Franc, USD, and all other major currencies in the world trade on the FOREX in a free floating manner.

A peg creates an overwhelming advantage for the country managing the peg and this is across all aspects of the global economy.

Everyone knew they were cheating, using unfair trade practices and would break any agreement. After all, it's just a piece of paper.

Putin is a dictator. Xi is a dictator. Mao was a dictator and a mass murderer. Our leaders, even if they appear to be against that and say they are against that, did and continue to do actions which don't change that and are to the continued detriment for the American workers.

The attempts to deflect away from the truth of the above in this thread is nothing new and is abundant throughout the MSM and alternative media sources.

If you have a criminal in your house, the first thing to do is recognize that - washing their car or their laundry isn't the solution and indicates a status quo motive.
 
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Joe King

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#18
Your been grasping at straws for a while now in this thread.
grasping at straws (along with shooting from the hip) is your realm. Lol


You really want to say that the mainstream sources with lots of views and pretty videos know what's going on and the truth, forget it.
you actually think that vid I posted is MSM? Lol lol

A you only PEG for your top currency to suck jobs out of America and into a far away place and you knew it. It's treason and there's still a few members here who know it, despite your constant distractions from the truth.
China pegging their currency to ours is not treason.

News flash! Any nation can peg their currency to anything they want.
 

ZZZZZ

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#20
Ron Paul was pretty cool , RP is still an inspiration, but there was nothing about the PEG...

Entirely entertaining though.
Sorry, my bad, I posted the video in the wrong thread.
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FunnyMoney

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#21
Sorry, my bad, I posted the video in the wrong thread.
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I was saddened to see how Jessie has sold out. I used to think he was on the trail and just a bit distracted but now the truth has come out.

I suggest everyone watch the video, it's an amazing example of how propaganda in today's world has evolved. The producer of his show is the real deal, propaganda professional, I bet she makes the big bucks.

They ran through that near perfectly if it hadn't been for a few mis-steps by Jessie. The producer though, she has this new age propaganda thing down pat - Jessie's an old dog however, these new sly tricks aren't something he's very good at yet and yet, I still hold out hope he repents. I like Jessie too much to give up all hope for him. Even the lady, she lives in LA, there got to be at least a few people in that city of 10 million who could turn her away from her stealth agenda ways.

The CO is very powerful. 535 members of CON-gress and 5 past and present leaders of the supposed "free" world have already demonstrated that quite clearly.
 
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Joe King

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#22
As for pegging to the Dollar, there's more then 60 nations that do so. (A full third of all nations) That drives demand for our Dollar, as each of those nations must have a sufficient number of Dollars in order to maintain the peg. If no nations pegged to the Dollar, there would be much less demand for Dollars and we would have much higher inflation as a result.

So other nations using the Dollar is not really such a bad thing. At least not under the current monetary system.
Ie: we as Americans get the long end of the stick in this deal.
 

FunnyMoney

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#23
Which of these largest economy currencies does that?

EURO
POUND
USD
AUD
CAD
PESO
RUBLE
Swiss Franc
Yen
Rupee
HK Dollar (china)
RMB (china)

You're trying to make me believe the main table isn't where the show is - noted.
Your economic reasoning doesn't make it past amusing.


The EURO, Yen, Pound, Franc, USD, and all other major currencies in the world trade on the FOREX in a free floating manner.

A peg creates an overwhelming advantage for the country managing the peg and this is across all aspects of the global economy.

Everyone knew they were cheating, using unfair trade practices and would break any agreement. Every argument against the PEG being a concern has been a status quo objective propaganda strategy.

Why else would that statement be fought against and why is there absolutely near zero mention of it in those simple bold terms above? I don't think anyone will take this issue on as a campaign idea ever now. RP was the last leader to go against TPTB. They always knew they could box him in and wait him out. They knew Americans would become lazy and gravitate to the free stuff right up to the point of their own demise. They knew they could buy up our leaders and the entire world's and they've done just that.

The fight for the status quo on this issue is off the charts. They would rather see a million "buy gold" articles than see one article written about the simple and clear economics. The peg, the fiat, the secrecy - subjects which can't be touched.
 
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Zed

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#24
Why does China PEG their currency to whatever value they decide?
It isn't that simple, they must have the ability to hold the peg. Typically they try and hold a range BUT to support that they have to do things like buy UST bills. They have been forced to move the peg by the market in the past and ultimately if they lose the tools to keep the peg it will fail.

Remember Soro's against the pound...

https://priceonomics.com/the-trade-of-the-century-when-george-soros-broke/

... essentially he broke the peg.
 
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Joe King

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#25
The EURO, Yen, Pound, Franc, USD, and all other major currencies in the world trade on the FOREX in a free floating manner
Zed is much more succinct with his words than I.
It isn't that simple, they must have the ability to hold the peg.
Exactly. They have to have enough Dollars to make it so.

@FunnyMoney , if I say that five of my acorns are worth one of your Dollars, I better have one of your Dollars for every five of my acorns. Otherwise everyone will know that five of my acorns are in fact not worth one of your Dollars.
...and will start treating my acorns accordingly.

If I don't want that to happen, people treating my acorns like they're Bolivars, I gotta get my hands on Dollars or Dollar equlivants. Thereby driving up the overall demand for Dollars.
In case you hadn't noticed, under the current monetary system the US needs as much International demand for Dollars as it can get. In that regard, China soft pegging to our Dollar helps us.

Yes, it also helps them to keep their exports cheaper than they would otherwise be, but that's just their part of it that is good for them.

Or at least that's how I see it.



@FunnyMoney , want to get the Chins to not peg to the Dollar? Quit making it be in their advantage to. If Europe were to become their biggest customer, and instead of Dollars, boatloads of Euros were flowing into China in exchange for cheap consumer goods, they'd probably peg to the Euro instead. Why? Because it would be in their best interests to.

As it stands now, we send them boatloads of Dollars so it makes it easy for them to want to do it. Do you not do what's in your and yours best interests? That's what China is doing. Right now it is in their best interests to soft peg to the Dollar.
 
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FunnyMoney

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#26
It isn't that simple, they must have the ability to hold the peg. Typically they try and hold a range BUT to support that they have to do things like buy UST bills. They have been forced to move the peg by the market in the past and ultimately if they lose the tools to keep the peg it will fail.

Remember Soro's against the pound...

https://priceonomics.com/the-trade-of-the-century-when-george-soros-broke/

... essentially he broke the peg.
Nice information. Thanks for posting it.

But it still does not negate the fact that the PEG is a very giant advantage and was allowed for nearly 5 decades.

The "allowed advantage" and why only China at the main table was allowed is the point of this thread.
 

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#27
A little thread wander....Today Tramp claimed stock market would be 10,000 points higher if not for the Fed Reserve...in reality its his trade war with China and possibly with Mexico causing all the problems...trade wars have already cost everything his big tax break saved...I've never seen anything like him, when things go good it's all because of him, when they go bad its always someone else's fault!!!
 

Zed

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#28
But it still does not negate the fact that the PEG is a very giant advantage and was allowed for nearly 5 decades.
So has holding the worlds reserve currency! You guys have benefitted a lot from the continual purchase of UST's etc to support the PEG. Just looking @ one end of it isn't fair. + if it where not doable it would not be, you can't peg @ a rate that is unsustainable, just like a clothes peg it can only take so much pressure. It is what it is because it works for the both of you, kinda... until it doesn't then everyone is worse off!
 

FunnyMoney

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#29
.... It is what it is because it works for the both of you, kinda... until ...!
It works for those in control of the narrative and the strings. It works for graft and corruption.

The PEG was strategically used. The obvious advantages were accepted by the PBOC, thank you very much,... …. …. and the silence about root causes and real economic issues simply continued over here with our cb and our leaders.

While American workers did see benefits from having the #1 reserve currency for many decades, that point is absolutely irrelevant to the PEG or to the overall propaganda (mostly just silence) about it.
 

Zed

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#30
It works for those in control of the narrative and the strings. It works for graft and corruption.
More than that, it underwrites your lower cost of living. If the Chinese invested elsewhere and let the currency float much higher it would be more expensive to live in the US. Trust me you get a lot cheap over there, you should try living in the antipodes!

It's a circle jerk!

While American workers did see benefits from having the #1 reserve currency for many decades, that point is absolutely irrelevant to the PEG or to the overall propaganda (mostly just silence) about it.
Seriously? Cheap.... cars, gas, tech, etc, etc, etc... US citizens have lived way beyond their means due to the effect of the reserve. It blows my mind that US citizens don't recognize that. When/if this breaks down your cost of living will skyrocket.

Yes the Chinese are milking it BUT you guys have been TOTALLY complicit.

This is what they call in game theory a "stable disequilibrium". When it becomes unstable (now?) it shifts rapidly to a new balance and typically the first mover gains some advantage. Looks like Don is over the current game and wants to force the end of it, maybe your data is saying the end of the arrangement near anyway.

Don't expect any change to be great for the US worker in the short to medium term. JMO but this is gonna hurt. Que --> war/distraction from left field! Surprise, surprise!
 

FunnyMoney

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#31
...

Yes the Chinese are milking it BUT you guys have been TOTALLY complicit....
A lot of people in the West have made out from the arrangement - I'm not denying that point.
However, the vast majority of those who made the most are not the average American worker.

Those doing well in the arrangement are the bankers and big time players. The American middle class is on the decline and their disposable income is now dangerously low.

Everything you said doesn't change the facts...

The PEG is a very giant advantage and was allowed for nearly 5 decades.

The "allowed advantage" and only China at the main table was allowed this, is a topic most won't even get close to. It opens up a lot of cans of worms, it leads to treason trials and the truth about fiat money and who is on the road to total control and who is on the road to tyranny and slavery.
 

Zed

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#32
However, the vast majority of those who made the most are not the average American worker.
Oh come now, no cheap Chinisuim and no Walwart! etc, etc, etc...

The PEG is a very giant advantage and was allowed for nearly 5 decades.
Cheap interest rates underwritten by Chinese purchases of US debt have also benefited all in the US for five decades! You might call that a giant advantage. We certainly can't get the sort of mortgage arrangements you seem to take for granted. That is just for starters!! This system has supported your lifestyle which is subsidized by the rest of the world. AKA Triffin Dilemma/Paradox

You seem blind to one half of the arrangement and to the fact that even if they floated the currency would be not so far away from where it is BECAUSE of China recycling profit back to the US. AKA They have the ability to hold the peg because it isn't unrealistic!
 

FunnyMoney

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#33
Oh come now, no cheap Chinisuim and no Walwart! etc, etc, etc...

Cheap interest rates underwritten by Chinese purchases of US debt have also benefited all in the US for five decades! You might call that a giant advantage. We certainly can't get the sort of mortgage arrangements you seem to take for granted. That is just for starters!! This system has supported your lifestyle which is subsidized ...
Most people are not big time shareholders of Walmart. Walmart doesn't pay the same kind of wages in terms of SOL as did the jobs the American manufacturing worker used to.

The "mortgage arrangements" are something that's done for a stealth agenda, those are set according to other factors mostly and are not a result of the PEG. It's off topic, but look at those nations who don't have fixed rates or where debt transfers to a debtor's children.

I'm not sure what you are trying to say. You are trying to support the PEG and / or make it seem like the PEG is good for both nations when the facts don't show that if you are talking about the average American worker.

The loss of the manufacturing base has ramifications much bigger than Walmart stockholders or landlords.
 

Zed

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#34
Most people are not big time shareholders of Walmart. Walmart doesn't pay the same kind of wages in terms of SOL as did the jobs the American manufacturing worker used to.
Huh? NOT THE POINT! You are buying wayyyyyyyy cheap due to the situation. Every dollar you don't have to spend is a pay bump!
 

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#35
The "mortgage arrangements" are something that's done for a stealth agenda, those are set according to other factors mostly and are not a result of the PEG. It's off topic, but look at those nations who don't have fixed rates or where debt transfers to a debtor's children.
It's a pay bump! We pay more and we can't fix for more than 5y and it costs!! That is more we have to earn to get the same thing!
 

Zed

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#36
I'm not sure what you are trying to say. You are trying to support the PEG and / or make it seem like the PEG is good for both nations when the facts don't show that if you are talking about the average American worker.
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO! Your whole lifestyle, each and every one of you is SUBSIDISED by the arrangement. What don't you get about that?
 

Uglytruth

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#37
Like Zed's posts because it's a refreshing not in the US point of view. that makes me try to understand his point more.


All "currencies" should be pegged...... to gold or silver!
The bible and constitution both agree with that.
 

Zed

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#38
Like Zed's posts because it's a refreshing not in the US point of view. that makes me try to understand his point more..
It's all tied in with the reserve and the Triffin Dilemma, it is the way that an empire pulls resources to its center these days. The flip side is that the US has to remain at the top of the tree in terms of higher economic functions and it will tend to lose a lot its lower order jobs to the less developed countries. i.e. exactly what has happened. It is an advantage but it has a cost, just like there is a cost for China and an advantage. When things change, and we try to find a new balance, that is when the pain comes. People will be displaced in terms of work, lifestyle etc for the interim. That never plays well and that is when we will likely fight. There will be lots of people in the US (most) that don't really get how fortunate they have been or why it has changed. They will fall prey to politics that blames others and really it isn't that simple. We are all good at thinking we are genius when it goes our way but not so good at thinking we are not so genius when it doesn't... just ask any trader about that! LOL :D

Anyway... it is just a part of the dynamics of the system, it ain't the US peoples fault any more than it is a Chinese or Australian citizens fault. In fact, I don't think they "got it" when the did the Bretton Woods agreement, Triffin pointed it out later.
 
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Uglytruth

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#39
That's why the rich have "multigenerational wealth" and time is secondary to them.......... average joe wants his relief in weeks & months not decades.
They think a $0.50-$1 hr raise will change their lives.
 

Zed

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#40
That's why the rich have "multigenerational wealth" and time is secondary to them.......... average joe wants his relief in weeks & months not decades.
They think a $0.50-$1 hr raise will change their lives.
The rich understand that wealth is productive capacity and they seek to own and control that. Their wealth supplies them with money whereas the poor think that money is wealth, which it isn't, it is just a temporary store of it. The wealthy invest, the poor consume. It is a mindset and not one you adopt until you generate enough surplus income and you are wise enough not to consume it... what to do with it, how to build a future with it, etc. Most simply consume it in the here and now.