spencerforhire
All Star
Laugh now, Cry later…Petroyuan
BREAKING: China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar
- Thread starter newarkhiphop
- Start date
Scustin Bieburr
Baby baybee baybee UUUGH
It's not a coincidence that america's middle class grew when unions were strong. People do want to work, but they want job security, fair wages, and benefits that make it sustainable. Our media has been hijacked by the managers of the work places so you end up getting their worldview 90% of the time.
Why won't they give workers 4 weeks paid time off like people in other countries get? because the businesses don't want to pay for part time workers who will step in and fill in the gaps and human resources staff who will look for those workers. They frame that though like it's somehow your problem that they're too lazy and greedy to hire more staff and as if it's some immutable law of nature. It ain't. These companies cant post record profits then turn around and say "we won't do this because its too expensive" You can't make it make sense. Media never presses them on it either because its them running the ads keeping those anchors in nice suits and big houses.
Why won't they raise wages? same thing. "If we raise wages then we'll have to raise prices!" except again they post record profits and the top management makes hundreds of times more money. It doesn't make any sense unless you're addicted to money and there's no such thing as 'enough'. They behave like crack addicts that will come up with any excuse they can think of for why they won't pay you money that you're owed or rent. Worse, they try to brainwash people into actually believing that bullshyt and repeating it in casual conversation.
They bust unions because unions force them to give workers the benefits that other people enjoy. Look at how amazon or tesla react to workers trying to unionize. You'd think that a union is a fukking terrorist group when all they're saying is "we want enough money to be able to raise a family if we want, buy homes, get medicine, and get enough time off to restore our bodies and minds" and they want you to believe that's an unreasonable ask.
Secure Da Bag
Veteran
shyt ain't as simple as people are making it out to be. There's a lot that goes into having the worlds reserve currency and we saw with the Evergrande situation China is prone to financial fukkery. If the yuan became the reserve currency that would give everyone access to China's asset and debt markets in which countries would use in order to recycle their own surpluses. China is currently in a sweet spot where they can play fast and loose with the yuan.
Also while the US barely manufactures shyt anymore it's self-sufficient in oil, natural gas, coal, have a high per capita in many resources, water, metals, etc and an abundance of land. The US might not make fidget spinners but it produces what really counts, namely food. The U.S. is the world's top food exporter thanks to high crop yields and extensive agricultural infrastructure. Also whose going to buy all the shyt China produces, India?
If dollar drops shyt here would hyperinflate which would suck but the US is a lot more self-sufficient than most the rest of the world, even China.
Also while the US barely manufactures shyt anymore it's self-sufficient in oil, natural gas, coal, have a high per capita in many resources, water, metals, etc and an abundance of land. The US might not make fidget spinners but it produces what really counts, namely food. The U.S. is the world's top food exporter thanks to high crop yields and extensive agricultural infrastructure. Also whose going to buy all the shyt China produces, India?
If dollar drops shyt here would hyperinflate which would suck but the US is a lot more self-sufficient than most the rest of the world, even China.
I don’t think 90% of you understand basic economics.BTW, there will be massive market for Chinese export once the dollar stops being the reserve currency. The world, especially global south currently subsides the US & enables the US to print money excessively while spending a blank cheque with no limit. Once that’s taken away & there’s more equity - the economy of other countries, especially the global south would grow. Thus creating a thriving middle class with spending/purchasing power.
The US would’ve to live within its means (something it hasn’t done in decades) like everyone else & the playing field would be much more equal than how lopsided it’s now.
Still a long way to go tho.
Also, who’s gonna clean up all the excessive dollars the US has printed for decades with impunity if the dollar were to stop being the global reserve currency? If you don’t know - read up on hyperinflation.
Talking about economics
BTW, there will be massive market for Chinese export once the dollar stops being the reserve currency. The world, especially global south currently subsides the US & enables the US to print money excessively while spending a blank cheque with no limit. Once that’s taken away & there’s more equity - the economy of other countries, especially the global south would grow. Thus creating a thriving middle class with spending/purchasing power.
The US would’ve to live within its means (something it hasn’t done in decades) like everyone else & the playing field would be much more equal than how lopsided it’s now.
Still a long way to go tho.
Also, who’s gonna clean up all the excessive dollars the US has printed for decades with impunity if the dollar were to stop being the global reserve currency? If you don’t know - read up on hyperinflation.
More fan-fiction.
You must be high off cow dung.
Rapture is for airheads who have cheese as brain matter like you. I’m not religious, clown.
Go learn basic economics.
I like how you quoted me but didn't really say anything.
BTW, there will be massive market for Chinese export once the dollar stops being the reserve currency. The world, especially global south currently subsides the US & enables the US to print money excessively while spending a blank cheque with no limit. Once that’s taken away & there’s more equity - the economy of other countries, especially the global south would grow. Thus creating a thriving middle class with spending/purchasing power.
The US would’ve to live within its means (something it hasn’t done in decades) like everyone else & the playing field would be much more equal than how lopsided it’s now.
Still a long way to go tho.
Also, who’s gonna clean up all the excessive dollars the US has printed for decades with impunity if the dollar were to stop being the global reserve currency? If you don’t know - read up on hyperinflation.
If the US stops being the world reserve currency yes we'd be seeing hyperinflation here, and yes the government wouldn't be able to endlessly print money but imo the government no longer being able to endlessly print money is a good thing.
Also how is there going to be a massive market for Chinese exports once the dollar stops being the reserve currency? The US is China's biggest exporter and top 5 biggest importer. A bunch of poorer countries aren't magically going to get all this spending power just because the petrodollar stops. Also the yuan being the new reserve currency will create a whole slew of new problems for China. Being the reserve currency gives countries access to your debt and markets. It ain't all peaches and rainbows.
This is what it boils down to: if the world drops the dollar we'll be hurting no doubt, but the US is a lot more self sufficient than most the rest of the world especially Europe.
I got you mixed up with @Chrishaune off the avi
I legit apologise for that
You still post fan-fic economics though
They're fukking weirdos tbh. I just see a lot of posts about what these "multipolar" types WANT the world to be but it doesn't reflect the shyt show it would be.. Pathetic daydreaming, really
TheMailMan
All Star
Probably got to get a plate of adobo and some lumpia and seen the women and was like hell ya I'm staying right here
TheMailMan
All Star
Not if you pay for it to be expedited thru the USPS using express shipping!
Sincerely,
The mail man
The reason why the global south doesn’t have the purchasing power right now is cos there’s no parity & their currencies are mostly not that valuable compared to the dollar, which is the global reserve currency.
Once there’s more parity, the middle class in those countries would grow. And in case you don’t know, the middle class is the backbone of every country/economy & they’re the ones with the purchasing power. Now compare the population of the global south with the US & you’ll see the enormous potential for China in those countries.
With a thriving middle class in the global south - China doesn’t need the US.
And let’s be honest: most countries in the global south can also be self-sufficient. They’re not right now due to imperialism & financial colonialism by western countries. Once that’s out of the equation - the world is their oyster.
But can the US survive like a normal country without its post-WW2 recklessness/domination? I honestly doubt it. European countries certainly won’t survive.
richbosszar
Pro
gdp means nothing, the average person literally lives in favela, brazil has mass wealth inequality very little is capuratured by its citizens
Can someone translate this information in #Passportgang language 