US stock market is shrinking

Thebrownblob

Well-Known Member
Look up (not spelled correctly) Bretton Woods
Yes, I already know about Britain Woods. Are you saying Trump is doing this by himself? Because that’s not what Brenton Woods was. Actually the opposite. Or do you believe all these other countries are in on this and pretending they’re not to replace the US dollar?
 

pkgdriver

Well-Known Member
Yes, I already know about Britain Woods. Are you saying Trump is doing this by himself? Because that’s not what Brenton Woods was. Actually the opposite. Or do you believe all these other countries are in on this and pretending they’re not to replace the US dollar?
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Over70irregs

Well-Known Member
Yes, I already know about Britain Woods. Are you saying Trump is doing this by himself? Because that’s not what Brenton Woods was. Actually the opposite. Or do you believe all these other countries are in on this and pretending they’re not to replace the US dollar?
I just used it as a monetary significance analogy. Other countries don’t like our ability to weaken money and retain reserve status. It’s a monetary headlock that people are getting fed up with being choked out.
 

vantexan

Well-Known Member
I just used it as a monetary significance analogy. Other countries don’t like our ability to weaken money and retain reserve status. It’s a monetary headlock that people are getting fed up with being choked out.
Bretton Woods gave us reserve status in exchange for, among other things, being the world's policeman. We didn't just take that on out of the kindness of our hearts. While we shipped millions of manufacturing jobs overseas our navy also kept shipping lanes open. Which enabled those countries sending goods back to us benefit from the security we provided. As did our NATO leadership. It was our own shoot ourselves in the foot economic policies that got us to where we need a giant reset. And finally a president with enough spine to do it. What we're likely to see is instead of global trade like on the previous scale we'll have the world broken up into spheres of influence. Because the U.S. is no longer wanting to provide world security and much of the world is looking for an alternative currency due to our mismanagement.
 

Over70irregs

Well-Known Member
Bretton Woods gave us reserve status in exchange for, among other things, being the world's policeman. We didn't just take that on out of the kindness of our hearts. While we shipped millions of manufacturing jobs overseas our navy also kept shipping lanes open. Which enabled those countries sending goods back to us benefit from the security we provided. As did our NATO leadership. It was our own shoot ourselves in the foot economic policies that got us to where we need a giant reset. And finally a president with enough spine to do it. What we're likely to see is instead of global trade like on the previous scale we'll have the world broken up into spheres of influence. Because the U.S. is no longer wanting to provide world security and much of the world is looking for an alternative currency due to our mismanagement.
Were we also selling weapons to both sides at that time? I can’t remember exactly. …… If Tariffs go 30 days people will grovel.
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Over70irregs

Well-Known Member
Cleaning up Biden's mess?
He is complicit but it’s been a problem for decades. It’s just accelerating. Two guys that had to clean up big messes were Obama and Biden. Bidens Big print was a handoff from Trump that went crazy. It was ridiculous. Old guy wasn’t running that ship during wind down.
 

Thebrownblob

Well-Known Member
He is complicit but it’s been a problem for decades. It’s just accelerating. Two guys that had to clean up big messes were Obama and Biden. Bidens Big print was a handoff from Trump that went crazy. It was ridiculous.
I would love to blast you here and say you’re completely wrong. But unfortunately, I cannot as Trump‘s first term had three solid years and then his last year. He went nuts with Covid cares act, PPP. I’ve heard all the excuses. I’ve heard people say how could he have known but he was the leader. It was his job. Throwing that kind of money around without even knowing who it was going to or where it was going was a disaster, a bigger disaster than a virus, even. The next guy in office Joe Biden didn’t help the situation either with his spending.
 

Over70irregs

Well-Known Member
I would love to blast you here and say you’re completely wrong. But unfortunately, I cannot as Trump‘s first term had three solid years and then his last year. He went nuts with Covid cares act, PPP. I’ve heard all the excuses. I’ve heard people say how could he have known but he was the leader. It was his job. Throwing that kind of money around without even knowing who it was going to or where it was going was a disaster, a bigger disaster than a virus, even. The next guy in office Joe Biden didn’t help the situation either with his spending.
Sir. Guys on here know the truth. Its a big $ vacuum that results in poverty. But we have more info than our parents to pull ourselves out of this mess
 
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