What Republicans do

[Galen]

(06-02-2017, 10:38 PM)pbrower2a Wrote:

(06-02-2017, 05:56 PM)Odin Wrote:

(06-01-2017, 03:52 AM)Galen Wrote:

(05-31-2017, 06:50 PM)Eric the Obtuse (accurate description restored) Wrote: Neither Party now dominant is really committed to reducing the debt, although our current Party system could change. But I suspect the national debt will be huge for the remainder of the existence of the USA; however long that is. And large growth in the GNP may be unlikely in the future too, due to population declines and resource limits that are likely. If we go progressive again, though, innovation could increase, and better wealth distribution will help overall prosperity.

As usual your knowledge of history is as faulty as your understanding of economics.  One of the biggest signs that your empire is going down is ever increasing debt and monetary debasement.  The US has been doing this since at least 1971 but some would argue since 1913.   Another good sign that your empire is going down is a never ending string of wars. 

Now for the dollar.

You will no doubt entirely miss the point as usual.

That you think precious metals are still somehow relevant to the monetary system you are both showing your ignorance AND that one-track mind of yours.

Gold is simply scarce and desirable.

This is one of the reasons it is a good medium of exchange.  Gold does have many industrial uses but not as many as silver does.  Both have been used as money for thousands of years and without legal tender laws and government force they probably will be again.

As usual the two of you completely miss the point.  Empires that are on the decline tend to have huge debt loads and they deliberately debase their currency in order to help cover the bills.  It looks like the US is going the way of every other empire and you, like most of the citizens of those prior empires, are completely clueless about what his happening around you.