02-05-2016, 05:36 PM
(02-05-2016, 02:42 PM)DarthXedonias Wrote:(02-05-2016, 11:11 AM)Inconceivablezen Wrote: Hey Shannon. I loved to see that you are into economics in the AM7 thread. It was just a few lines there, but sadly enough most people have no understanding of the economic system at all. It's good to see that people taking care of themselves in that area!
Btw, I read these posts in your journal that you are working until 3AM somtimes. I presume you work these hours in front of a computer screen? Have you tried f.lux on your computer yet? Optimizing the light in your environment might really improve your productivity. I do not know of course, whether it is good or not right now. I would love advice you on it, if it is not an area of your expertise. Just let me know!
Ha, its interesting that you mentioned that inconceivablezen because I was going to comment on the same thing. I didn't know there were others on this forum who were aware of what the federal reserve was doing with all its money printing. In my opinion its either going to end in very high inflation or hyperinflation. Thats part of the reason why I plan on moving out of the U.S. after I finish my degree :x
Neither did I lol, wow. Cheers to you both.
Anyway, it's clear the house of cards will eventually fall. You can't keep passing the buck over and over and over. Every fiat currency has eventually become worthless. Even back to Athens. Once it's not backed by anything, you always have to ability to print it into oblivion by being irresponsible and short-sighted. While you're busy looking good to voters while passing the buck. That's the problem, nobody wants things to fail "on their watch", so it keeps getting worse and passed down the line.
There's going to have to be a correction sooner or later. A big sign has been China not using the US Dollar anymore and preferring to deal in other currencies, even their own. They own a ton of US debt, so it's a big sign they are losing confidence in the US Dollar, as they probably should to be honest. The Federal Reserve can keep spamming QE's all they want, but it's just trying to swim upstream. I think fractional reserve banking was the first sign of the massive abuse that's been done.
It's pretty clear sooner or later, it will have to revert to a gold standard.
