Signs of a Dying Empire

[Kinser79]

(09-17-2017, 12:21 PM)pbrower2a Wrote:

(09-16-2017, 07:43 PM)Kinser79 Wrote:

(09-16-2017, 02:03 PM)Warren Dew Wrote:

(09-15-2017, 07:43 PM)Kinser79 Wrote: Interesting but the video needs details.  I think the decline of the US is tied directly to this following issue:

Pretty good video, but he misses the transition from industrial warfare to nuclear warfare.  We can have pax Americana or we can have a warring states period full of North Koreas.  I wonder which it will be.

Blackpidgeonspeaks is sometimes fairly shallow in his political analysis.

Nobody can address everything.

No they can't, which is why I made a statement of fact rather than a value judgement. I know Boomers typically can't tell the difference between the two but his political analysis is often quite shallow.

Quote:

Quote:I personally blame his format and the fact that he's an American Expat in Japan.

Irrelevant.

Incorrect. Tell me who has a better handle on what is actually happening in America: An American who lives in America and experiences it directly or an American who has lived in Japan for about 15 years and experiences American politics through a far different lens.

Quote:

Quote:As to the dichotomy of Pax Americana vs Neo-Warring States the debasement of the currency will eventually and inevitably lead to the abandonment of the USD as the currency that is used to buy oil (and by extension all other commodities) resulting in the end of Pax Americana.

Remember -- a dollar is government debt.

The dollar itself is government debt true, but that is largely irrelevant on Main Street.

Quote: That is how you are paid your wages or salary.

No. My salary is paid to me by my boss who gets it from customers. I don't particularly care where they got their dollars. I suppose one could say that they all are derived from government debt after it has been passed from hand to hand about a half-dozen or more times. But such is the nature of a debt based currency. There are of course other forms of currency including debt free governmental money--the US had them before the Deep State murdered President Kennedy.

Quote:That is what you accept as a business owner or offer as exchange.

Not quite. I accept dollars because they are the only form of currency acceptable to pay taxes with. If Congress up and decided one day they wanted potatoes instead, we'd take those instead.

Quote:When the petrodollars come back to America we will have instant inflation for which we will be ill-prepared. The money supply expands with no increase in productivity.

That requires the break down of the dollar denominated oil market. So far the largest producers are using dollars for their accounts, but that is subject to change. Venezuela is threatening to move their accounts off Dollars, Russia will accept dollars, euro, gold or rubles, Iran will take gold, RMB or Indian Rupees as well as dollars.

Simply put the break down of the petrodollar is inevitable, the problem is that just about everyone wants that break down to be gradual and controlled rather than sudden and catastrophic.

Quote:

Quote:His point is largely that Pax Americana is only possible because people desire American dollars to buy Saudi Oil--it isn't like goods are made in the US, well no I take that back my son did manage to find some shoes that are American made, they look like prison shower shoes (which they probably are) that people require dollars to buy.

People are also using US dollars to buy Chinese-made wares.  A sudden increase in unwelcome cash that most likely goes first to economic elites will cause prices to rise sharply for us all.

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Actually if most of that exported cash goes to the economic elites first what will happen first will be a massive asset bubble. Prices on Main Street will only rise when the little people start getting those dollars, which could take months or years from the offical end of the petrodollar depending on how big the asset bubble is.

That will then be followed by a massive deflation as the old currency is replaced by a new one.