Forum Home | Log in | Signup | My Page | Rules | FAQ | Boards | Members | Search
« POPE 5 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: Trump Says US Should Join Great Currency Manipulation Game By Devaluing Dollar

By: Zimbler0 in POPE 5 | Recommend this post (0)
Fri, 05 Jul 19 4:31 AM | 67 view(s)
Boardmark this board | Pope 5 		Msg. 35590 of 62138
(This msg. is a reply to 35552 by hydro_gen)
Jump:
Jump to board:
Jump to msg. #

From > http://www.thebalance.com/world-currency-3305931

However, unpegging the dollar from its value in gold created stagflation.

>>>

I don't think so. But maybe somebody can explain it to me.

The American economy - and its size - being a reason why the dollar
is dominant as the 'worlds reserve currency' . . yeah I can buy that.

What caused stagflation?
Let me see . . Nixon got U.S. out of Vietnam - ending the war-time
manufacturing efforts spending which employed a lot of guys. Nixon
also completed the 'Man-on-the-Moon' mission. Cutting back on more
high tech high paying jobs. Leaving the just the 'war on poverty'.
Deficit spending poured into the welfare state with no jobs.

Then we had President jimmy carter . . . Trying to spend a 'peace
dividend' - on more welfare projects.

By the way, both the Vietnam War and the space Program spun off new
technologies and improvements in existing technologies leading to
improvements in the civilian sector.

For example. Those 'air ambulances'. The concept was created in
the Korean War and perfected in the Vietnam War.

How many campers and survivalists use freeze dried food? Thank you NASA.

Zim.




Avatar

Mad Poet Strikes Again.

» You can also:
- - - - -
The above is a reply to the following message:
Re: Trump Says US Should Join Great Currency Manipulation Game By Devaluing Dollar
By: hydro_gen in POPE 5
Thu, 04 Jul 19 8:15 PM 		Msg. 35552 of 62138

<<<<I have to disagree with this.
The reason the dollar IS the worlds primary trading currency is the fact that we have not (at least not nearly as badly) been devaluing the dollar the way most other currencies have been>>>>

The dollar is only worth 16 cents to what a dollar was worth when we went off the gold standard in 1971 - that represents an 83.8% devaluation via inflation.
http://www.in2013dollars.com/2018-dollars-in-1971?amount=1

You might read up about the Bretton Woods agreement as to why the USD is the worlds primary currency.
http://www.thebalance.com/world-currency-3305931

HAPPY 4th of July everyone!!

PEACE

Uploaded Image

« POPE 5 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next