Fact of the day

Russia bots?

The US has 33% of the world's revenue, and Russia has less than 1% of the world revenue. 
Even Mexico is breathing Russia. 

Russia likes to talk about itself as a world power, but they are anything but. 
All they have are cannon fodder troops that they are willing to lose. 

The US debt is just one year of its income. 
If it paid of 5% each year, in 10 years they would have the debt.

The US debt is just one year of its income.

It is what happens when people confuse money and goods.

Actually the total debt, public and private is more like $96 trillion. But with a wealth of $138 trillion, it’s about a 40% load. Still manageable, but not ideal.

Plum...he has to be trolling us!

ButtPlug, give us the answer to:

 "1) 5 x 10 =

A) 100 B) 150 C) 10 D) 500"

Don't leave us in suspense.

LMAO!

Hall Of Fame

10579 posts 

1x 2 = A) 101 B) 199 C) 10 D) 999

There is another issue that Mozart does not touch on  and that is the GDP of the USA compared to its Federal debt - which at present is 126%  - ie the debt is 26% higher than the GDP of the country.    In terms of the present spending plans the debt will reach 52% highr than the GDP in a decade.    

If that aspect is taken into account the USA is getting swamped in debt that will cause inflation and as nothing is done to reduce  US Government spending the inflation will remain high - major banks are and will be going bankrupt.    On the whole the country is going backward, the middle class is progressively getting poorer and so does the working class.   

The figures look nice for the wealthy and the stock market - but in reality the country is going backwards fast.    In practice debt repayments are at present funded by loan funding meaning the USA is getting into more trouble every day.   The GDP is in a terrible state and declining by $6 billion a month,   

On thing is when a country uses loan funding to fund its current expenditure - the infrastructure will be in decay and the county will face a depression like they never faced before.   The 1929 to 1933 depression will be like a Sunday school picnic compared to the coming one.

At present the problem is that there is a deficit when exports and import are compared and the countries that used to be aligned to the USA are bolting quickly and trying to forge new alliances in a desperate effort to protect their own interests.   At present as many as 17 million children in the USA are going to bed hungry quite regularly - what would that figure look like 10 years from now?   

The saving grace will be if the USA gets a regime change in 2024 - the present Government is only helping the rich to get richer and destroying everybody else.     

I read something that using the dollar as the global currency, allows America to offload its own inflation onto other countries. Not sure how true that is. 

Officially inflation came down from 8,5% to 6,5% - but the fact is that food prices went up by as much as 23% and remains on that level.   Food production is the main problem and will go down rather than going up.   The USA used to impot fertilizers from mainly Russia and China and although fertilizers are dropped from the Russia boycott list by Biden - the prices are going through the ceiling.     

Aside from that the prices of petrol and diesel remains higher than it used to be and that cause production of food decline in the USA.    The leftists are living in a dreamland where cows cause Global Warming and like in the EU countries at present they want to kill the meat and dairy industries and that idiot Gates are preaching that people should learn to eat locusts and worms instead of eating meat.       

The leftist Government wants to do away with family farms and wants to charge death duties when a farmer dies that would bankrupt the families and cause the farms to revert to Government ownership - that will result in the death of food production in the USA.   

SB

It is true that the US Government is causing inflation worldwide.    The latest spike of inflation is due to increase in oil prices.   The US and Europe used to depend on oil production be maintained on a high level and Biden and co went ballistic when OPEC announced a decrease of 2 million barrels a day iro oil production a few days ago.    

Inflation in the USA will skyrocket again - since the USA oil production and transport fell drastically after Biden took over and being oil independent in 2019 - the USA has to import oil from the ME, Russia and Venezuela - as well as Africa.   Even India is getting their oil through the China backdoor from Russia.   

The countries holding dollar reserves are quietly getting rid of their dollars and increasing their gold and Chinese currency holdings instead.    The bottom is falling out of the dollar and as more countries used other currencies and means to fund international trade the dollar system will be harmed badly.

What is amazing to me is that despite living in the USA Mozart is not aware of the feelings of  the present ordinary people are as to the future of the USA.   According to opinion polls the majority of people  think that the USA will by 2050 not be the most powerful country in the world - they would be worse off than they are at present and the USA will be like a third world country is at present.    Maybe as a very rich man he is living in a golden cocoon that he thinks will last forever.       

Great seeing Russia in the gutter

Net interest payments on the national debt rose from $352 billion in 2021 to $475 billion in 2022 — the highest nominal dollar amount in recorded history. Relative to the size of the economy, such costs were 1.9 percentof gross domestic product (GDP), the highest level in 21 years.

…….

There that gives you a bit of perspective.

Currency values are influenced by supply and demand for the currency…..the effect of exports and imports. But in the short term the flow of capital to higher interest rates tends to dominate.

So the primary mandate of the Fed is to control inflation, while ensuring full employment. As we have seen when inflation takes off they have no option but to increase rates. Through capital flows that tends to raise the value of the dollar….so all goods denominated in dollars tend to increase in price.

The first reaction is for other Central Banks to raise their rates, which should reduce inflation in local currencies.

And  the effect of inflation plus a higher dollar makes US goods expensive and so exports should fall and the transactional demand for dollars should decline, putting downward pressure on  the value of the dollar.

It’s not possible to export inflation except in the short term through capital flows, nor is it desirable to have a sharply higher dollar. It’s not an objective of US monetary policy,

IE unless you make one or two, black but not disadvantaged executives stinking rich, you may not provide a service that will benefit South Africa in a tremendous way, positively affecting many millions of lives

So true..... makes me sick

The real queston Mozart has to answer is - are the working  and middle income class now better off than they were under Trump as President.    The answer is NO they are not.    

Does the GDP in fact increases through the ultra-wealthy moving industries to  countries where the wages are low and  strike action is not an issue.    What was the GDP in 2100 compared to 2023 taking into account that the USA is not producing enough food to feed the nation and has now become from a food-exporting company to a food importing country.    Another issue is how much of issues sold by Walmart is actually made in the USA.   Why has Heinz moved their production factories to China?   Why has the USA to import fertilizers used  by farmers from Russia and China?   What is the status of medicine  production now in China when it sued to be in the USA? 

Major question is how much is the present GDP  in actual fact in the USA - taking  into account inflation and loss in money value?    Why is food processing in the USA declining so badly?    Is the socialist  policies of the Government using loan financing to fund extravagant Government  current expenditure not part of the problem?    The idea of the Biden Administration to increase Public Service jobs and showed that as part of GDP growth is a real joke,   Public Servants are a bane on the economies of countries and is the most certain method to bankrupt countries - they produce nothing of value and that is a fact.   

If everything is as bright as Mozart says it is then there is hope that what did not work for the past century in the world will work in the USA?         

"The difference is that were a civilised country's leaders to try that, the populace would soon put them right"

Yep.... also the reason why I don't believe the old bullshit rumours and excuses that the government is trying to keep the majority of the population uneducated so that they can remain in power ....

You don't need to be uneducated to see, hear and understand how the ANC have obliterated this country in su ch a short space of time

Plum the consensus now would be for a soft landing….ie the Fed has done enough to control inflation. That’s why the market ratchets up every day. It’s a tricky situation though..even if inflation is contained P/E ratios are high. Bulls argue that’s because 5 or so tech stocks which are on fire, distort the number and the market will broaden. 

Nobody knows. In the meantime you get a nice rate hiding in cash.

Liberal fest, self perception and high tolerance to contradiction

"The Fed’s stance has also pushed the dollar to two-decade highs against a basket of major currencies. While that’s helpful for Americans who want to go shopping abroad, it’s very bad news for other countries, as the value of the yuan, the yen, the rupee, the euro and the pound tumble, making it more expensive to import essential items like food and fuel. This dynamic — in which the Fed essentially exports inflation — adds pressure on local central banks."

At the end of the this squeeze, the US will come out strong while everybody else lags.

If people don't like it, I don't care. If you wanna compete with them then be better then them. I'm kinda sick of everybody trying to piss all over the States. Yeah, they've done wrong, but so has everybody else. On the other hand the US does more good for other nations than any other country. I'm glad they're headed for another good long spell of dominance in tue coming decades.

Liberals' love for narrative.

Yes, the US did bad things, just like any one else (liberals love for equality, all criminals are equals) but they did more good than anyone else (liberals love for inequality, people come with different abilities, some are better at doing good than others)

Yes, the US export inflation making it hard for people all around the world to buy essentials.

But if people do not like it, they should do the same to a greater extent.

Over its short period of existence, the US have set records on performing wrong actions while being weak on anything deemed good.

Liberals'failed self perception can not accept they enrich and inherit wealth that comes from things they declare themselves as bad.

Liberal nations, the beacon of the world.

The table reflects the effects of colonization.

This is another thing Russians fight off as due to geography location, they were outside the colonization effort.

Once turned white, they join the legacy though.

ccl