Devaluation of Chinese Yuan

[TPTB_need_war]

Hyperinflation is impossible because the nations are still strong.

Although there is a lot of debt and unfunded social liabilities, the powers-that-be have no intention of hyperinflating away the debts they have given to you the people.

Instead they plan to use the debts to enslave you. They will use the strength of Asia and totalitarianism of China also to make this happen. There will be no place for Westerners to go hide from the coming extraction of wealth from every Westerner to pay the debts to their masters.

They will extract eugenics from the boomers to cover the debt (they already killing people in Europe is massive numbers in nursing homes).

You guys fondling your gold and BTC. This isn't a joke. We are headed into some serious shit.

[1715146179]

1715146179

[deisik]

Hyperinflation is impossible because the nations are still strong.

Although there is a lot of debt and unfunded social liabilities, the powers-that-be have no intention of hyperinflating away the debts they have given to you the people.

Now you seem to have come closer to the idea that I expressed earlier in this thread. The breakdown of a monetary system (e.g. that of the US dollar) is an effect, not a cause. The real cause is the fall of the state. Ancient Rome, Germany (after WWI), Russian and Soviet Empires went bankrupt as powers (due to various reasons but surely not financial), and only after that their monetary systems collapsed. Given that, the dollar will crash only if the US loses its world dominance. Until then they can print as much money as they see fit. I massively don't care about anyone (Armstrong or no Armstrong) who predicts anything (in respect to finances) while not understanding or just deciding to ignore this causal relationship. Dollar is strong since the US is strong, not the other way round. And as long as they remain so, the dollar will be strong too...

Is the US going to collapse soon? I guess no

[TPTB_need_war]

Which nations are weak enough to go into hyperinflation? Not even Argentina, they have almost no debt now. Argentina's problem is the corrupt government and declining commodity prices with global deflation.

Greece? But the EU won't let them. The Troika will enslave them instead.

Find me one nation. Maybe some country in Africa or Middle East. Maybe some East European country not in the EU.

[cellard]

Which nations are weak enough to go into hyperinflation? Not even Argentina, they have almost no debt now. Argentina's problem is the corrupt government and declining commodity prices with global deflation.

Greece? But the EU won't let them. The Troika will enslave them instead.

Find me one nation. Maybe some country in Africa or Middle East. Maybe some East European country not in the EU.

Lol no nation can pay back their debt ever, starting with the USA.
http://www.usdebtclock.org/

Have fun paying back all that.

[TPTB_need_war]

Which nations are weak enough to go into hyperinflation? Not even Argentina, they have almost no debt now. Argentina's problem is the corrupt government and declining commodity prices with global deflation.

Greece? But the EU won't let them. The Troika will enslave them instead.

Find me one nation. Maybe some country in Africa or Middle East. Maybe some East European country not in the EU.

Lol no nation can pay back their debt ever, starting with the USA.
http://www.usdebtclock.org/

Have fun paying back all that.

There is a difference between never being able to pay back versus default with complete loss of public confidence. Without the EU backstop, Greece would be in that boat perhaps and unable to sell its sovereign bonds to finance the government.

As long as you have public confidence and can restructure debts into longer payment terms, the shit continues...

If you really want to default that shit, then adopt anonymous currency and don't pay taxes. If a lot of people do that, then yes we will see a default of the bastards.

Disclaimer: I am not advising illegal activity. The above was a hypothetical thought experiment.

[deisik]

Which nations are weak enough to go into hyperinflation? Not even Argentina, they have almost no debt now. Argentina's problem is the corrupt government and declining commodity prices with global deflation.

Greece? But the EU won't let them. The Troika will enslave them instead.

Find me one nation. Maybe some country in Africa or Middle East. Maybe some East European country not in the EU.

And so what?

Whatever happens, the most militarily, technologically and industrially advanced country will be the last to die. What you say essentially boils down to claiming that the US is currently ruled by suicides. But if so, it is not clear how it got where it is now in the first place...

[TPTB_need_war]

I have no idea what you mean by suicides.

I am saying many nations are strong enough to avoid hyperinflation.

Hyperinflation is a domestic phenomenon. It happens when nation becomes so riddled with corruption and socialism, that it can not tighten its belt, lengthen payout terms on bonds, and continue to receive public trust in bond auctions. Then the people stampede out of the local financial system and into alternative assets or abroad. In Zimbabwe wasn't it the socialism that kicked out the white farmers, which was the capital base of the country?

Where is that on the verge of happening today? No where.

Instead what is happening is the banksters are foisting some bullshit debt on us and telling us to be slaves and pay for the next 100 years.

China, Russia, and the USA are run by oligarchies and they are all working together. The faux conflicts are just for show to fool you all.

Edit: hyperinflation is not due to printing excessive debt notes (what the Fed has been doing), it is due to change in public confidence.

QE was a printing of more debt which ended up as $9 trillion in dollar loans abroad. It was the printing of more debt. Not the printing of more cash.

[deisik]

I have no idea what you mean by suicides.

You say that the West is gonna die (well, that Armstrong may actually say this, I don't care). I ask you how countries, more advanced technologically, more developed industrially, more powerful militarily than the rest of the world, are going to die unless they are ruled by suicides?

I just don't get it

[Erdogan]

I have no idea what you mean by suicides.

I am saying many nations are strong enough to avoid hyperinflation.

Hyperinflation is a domestic phenomenon. It happens when nation becomes so riddled with corruption and socialism, that it can not tighten its belt, lengthen payout terms on bonds, and continue to receive public trust in bond auctions. Then the people stampede out of the local financial system and into alternative assets or abroad. In Zimbabwe wasn't it the socialism that kicked out the white farmers, which was the capital base of the country?

Where is that on the verge of happening today? No where.

Instead what is happening is the banksters are foisting some bullshit debt on us and telling us to be slaves and pay for the next 100 years.

China, Russia, and the USA are run by oligarchies and they are all working together. The faux conflicts are just for show to fool you all.

Edit: hyperinflation is not due to printing excessive debt notes (what the Fed has been doing), it is due to change in public confidence.

QE was a printing of more debt which ended up as $9 trillion in dollar loans abroad. It was the printing of more debt. Not the printing of more cash.

QE is printing of electronic base money. They entered a number from the keyboard into their own account. Then they lent it to the state (via the banks, letting them take a cut).

[TPTB_need_war]

I have no idea what you mean by suicides.

You say that the West is gonna die (well, that Armstrong may actually say this, I don't care). I ask you how countries, more advanced technologically, more developed industrially, more powerful militarily than the rest of the world, are going to die unless they are ruled by suicides?

I just don't get it

The socialism in the West will strangle the productivity of the West. It will be a battle. The USA will fracture and no longer be united nation.

Much strife ahead in the coming decades.

It won't entirely die.

The USA is rapidly losing those advantages to Asia and the socialism will strangle what is left. Also the USA will be dragged into wars with Russia and China to weaken it.

Between 2020 and 2032, the USA will decline and Asia (Shanghai and Singapore) will become the new financial center of the world, displacing New York and London.

[TPTB_need_war]

I have no idea what you mean by suicides.

I am saying many nations are strong enough to avoid hyperinflation.

Hyperinflation is a domestic phenomenon. It happens when nation becomes so riddled with corruption and socialism, that it can not tighten its belt, lengthen payout terms on bonds, and continue to receive public trust in bond auctions. Then the people stampede out of the local financial system and into alternative assets or abroad. In Zimbabwe wasn't it the socialism that kicked out the white farmers, which was the capital base of the country?

Where is that on the verge of happening today? No where.

Instead what is happening is the banksters are foisting some bullshit debt on us and telling us to be slaves and pay for the next 100 years.

China, Russia, and the USA are run by oligarchies and they are all working together. The faux conflicts are just for show to fool you all.

Edit: hyperinflation is not due to printing excessive debt notes (what the Fed has been doing), it is due to change in public confidence.

QE was a printing of more debt which ended up as $9 trillion in dollar loans abroad. It was the printing of more debt. Not the printing of more cash.

QE is printing of electronic base money. They entered a number from the keyboard into their own account. Then they lent it to the state (via the banks, letting them take a cut).

You focus only on a ledger and not on what was really accomplished. The interest rates were lowered sending capital overseas to find yield. This base money expanded reserve ratios allowing more risk taking and greater leverage.

You can also look at it as displacing capital that would have bought USA bonds at higher interest rates. So the USA bonds became printed debt and the displaced capital went abroad to seek yield.

It was effectively printing of more fractional reserve debt. It just appeared in other places.

[deisik]

I have no idea what you mean by suicides.

You say that the West is gonna die (well, that Armstrong may actually say this, I don't care). I ask you how countries, more advanced technologically, more developed industrially, more powerful militarily than the rest of the world, are going to die unless they are ruled by suicides?

I just don't get it

The socialism in the West will strangle the productivity of the West. It will be a battle. The USA will fracture and no longer be united nation.

Much strife ahead in the coming decades.

It won't entirely die.

The USA is rapidly losing those advantages to Asia and the socialism will strangle what is left. Also the USA will be dragged into wars with Russia and China to weaken it.

So, as I said before, you think that the US is run by suicides (or madmen). Okay, but you should then explain how they managed to get where they are (provided you are right in your assumption). Otherwise, you will have to admit that you see only a part of the picture and don't understand the logic behind the governing elite actions...

[TPTB_need_war]

You mean the elites running the country would be suicidal if I I was correct.

The elites are multi-national. They are strong in totalitarian states like Asia which is the future of the world. So if they lose a bit of centralization in the USA, it is okay because the USA is falling away as the world power.

Also I think they believe that a fractured USA is the way to divide and conquer it finally and bring it under a UN and world government system. It will be fractured because the elites will be driving totalitarianism.

Use Europe in WW1 and WW2 as a model. Look how socialist and controlled it is now.

First devastate, then rescue with open socialist arms. Peace for Europe with EU. And now EU is slavery via the Troika.

Different for USA because USA is different than Europe. USA is highly united by language. but coming very divided by Tea Party versus socialists political divide.

They'd prefer to get there without the chaos, but how do you neutralize the gun rights activists?

[deisik]

You mean the elites running the country would be suicidal if I I was correct.

The elites are multi-national. They are strong in totalitarian states like Asia which is the future of the world. So if they lose a bit of centralization in the USA, it is okay because the USA is falling away as the world power.

That can be reduced to saying that those in power (in the US) will lose some part of their power. That can happen due to either external or internal factors. War is the most powerful external factor, but don't forget that the US is a beast militarily, so I doubt that Asia can be a player here (by any means). So we are essentially left with internal factors (as it allegedly happened with the USSR)...

Which are these, and who is gonna blow up the US from inside?

[TPTB_need_war]

All of the above. Internal and external simultaneously. As happened to Rome.

But the true international elite are consolidating global power and have a long range focus in terms of creative destruction.

They understand that societies love debt and collectivism and thus the overall trend is always to increase their power.

But that is inconsistent with Second Law of Thermodynamics, thus their NWO world has to be a dying one. They may take down billions with them. Nature will help them. Nature does creative destruction too to remove these pesky collectivists. Pandemic might be on tap. We're due.

[deisik]

All of the above. Internal and external simultaneously. As happened to Rome.

But the true international elite are consolidating global power and have a long range focus in terms of creative destruction.

They understand that societies love debt and collectivism and thus the overall trend is always to increase their power.

This doesn't explain anything in particular. Who is the true international elite, and why would this elite necessarily want to destroy the US?

Rome fell due to internal factors. External factors only contributed to its gradual decline through centuries

[TPTB_need_war]

Rome was financed on external conquest (military paid with plunder) and then trade with the somewhat indentured colonies (although they gained protection and road network). You can't say there was no external component because it was always there. While it was expanding it worked, then it slowed down and it imploded as Rome was insatiable (taxes and debt had to replace what wasn't coming from plunder). They depleted the land, the irrigation, all resources were strained by the demand to continue exponential growth.

The international elite are:

https://www.newscientist.com/article/mg21228354-500-revealed-the-capitalist-network-that-runs-the-world/

They want to get rid of their competition, e.g. millionaires, small businesses, Constitution rights diehards. Only their businesses will supply the world in their vision of the future.

[deisik]

The international elite are:

https://www.newscientist.com/article/mg21228354-500-revealed-the-capitalist-network-that-runs-the-world/

This thickly smells a conspiracy theory. So these guys want to destroy the US, right? This looks a little queer, since they seem to be already owning the US...

Or are they suicidal in their intentions?

[TPTB_need_war]

It is no conspiracy that corporations want to increase profits and defeat competition.

[deisik]

It is no conspiracy that corporations want to increase profits and defeat competition.

But this leads to the centralization of power, not fragmentation, right? The piece by your link says about 147 superconnected companies that got united to conquer the world. I'm singularly curious how well that lives with your idea of the West death...

Given that these corporations are the very blood of it