Redpill me on the current state of the world economy. Is everything okay?

Redpill me on the current state of the world economy. Is everything okay?

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tandfonline.com/eprint/uv4Gc4xQwTbYX8mjGah3/full
usdebtclock.org/
youtube.com/watch?v=kzIRG525l6s
youtube.com/watch?v=uGcCGSGPu2Y
youtu.be/DyV0OfU3-FU
youtube.com/watch?v=ruiK7A2Xwi8
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ya

No. We fucked

There's no more "money" because money retains it's own value other time.

We're relying on "fiat currency" which is basically a scheme.

Go and google it. Fiat currency. A piece of paper printed by Governments withoyt too much concern as long as people believe in it.

But ultimately all currencies go down. Always.

tandfonline.com/eprint/uv4Gc4xQwTbYX8mjGah3/full

AYEEEE-YOOO
usdebtclock.org/
youtube.com/watch?v=kzIRG525l6s

If you wanna know how much in the shittier we all are you should be watching the precious metal markets. Now is the time to buy gold silver and alternative currencies like bitcoin. Some analysis really think we could hit 1k silver or 10k gold very soon.

America is aware of this problem and fix it by making mandatory on a worldwide level to use it's own currency to trade oil.

From Canada to China or Congo, every nations needs US$ to buy oil barrils.

This allow the US government to print a shitload of money to pay back it's debt and yet avoid an instant massive inflation: this extra money always ends out of their circuit since every nation wants to stock on it to buy oil sooner or latter.

The graph needs a title.

I'm not sure what I'm looking at.

Inflation adjusted value of the dollar?

What?

Canada here

Economy is fucked here, abandon ship

Good luck finding a job

Housing bubble will destroy cities too

If you don't know then it doesn't matter to you anyway, you NEET.

Your post loses credibility due to your inability to use periods.

Stating "Canada here" is unnecessary because there is a flag.

Last 2 lines do not provide supporting evidence.

You get an F.

Gaddafi, Libya's dictator was massively stocking on Sulver and Gold.

Eventually he get the ambition to use it's massive reserve to create a new money: the Gold Dinar.

Gold Dinar was supposed to be a real precious metals backed money and nit just some scam tier fiat cyrrency.

Gold Dinar would have been the jew deal regarding oil trade inbeetwen Libya, Russia, China and whatever BRICKS.

This was too much of a threat to let it happens.

youtube.com/watch?v=uGcCGSGPu2Y

This video is the sad redpill

>what is the petro dollar

Thank you for critiquing my super serious Mongolian basket weaving post.

Get fucked

>Is everything okay?

Well, the China Bubble is about to pop, which will make 2008 look like a minor stock correction

And the West hasn't fixed any of the issues that caused 2008, instead papering them over by flooding the markets with zero-or-near-zero-interest money, so when China goes, the effect here will be to make 2008 look like a day trader selling off his $200 Robinhood portfolio

But otherwise things are peachy

I just collect knowledge and repost. You're welcome to do the same and rename if you want.

You'll be a better me.

Fuck you OP! I was going to bed, but now this thread exists and I can't.

We're all fucked, there was never a recovery. Tensions are starting to cool a little, but I doubt we'll see much more hype in the stock market like we did after the election. Probably come late summer or fall, SHTF.

Get some memecoins or gold, and definitely some guns. Or in your case knee pads because your government loves you too much to trust you with weapons.

We're headed for the upside of the perpetual boom/bust cycle. It's OK for now.
It appears to be the value (purchasing power?) of a single dollar with 1913 indexed at $1

Petrodollars was my next answer. Don't want to overwhelm potential readers.

Anyway he, you and I aren't amerifat so it's worthless fiat currency scheme for us.

>>what is the petro dollar
You know the dollar isn't backed by petroleum right? The 'petrodollar' refers to the agreement that international oil payments (between OPEC only iirc) be made in dollars, ensuring dollar demand. It's still a 100% fiat currency.

HAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

holy shit no, are you fucking retarded?

>But otherwise things are peachy

Despite my precedent posts regarding governments printing paper money, most of today's new currencies aren't "minted" anymore.

Private banks are doing it for them every minutes. For them money is just numbers in their computers and they're allowed to create more each time one of us open a loan, as long as they receive a minimum deposit.

The jewtrick is this very same deposit will be used not only on this loan but on a smaller, and on other smaller one, and etc. At least 5 time like a russian matriochka.

Best part is, if this loan is virtual money on computer, destined to be erased once the debt is payed back, there's still an interest popping in the circuit forever, out of nowhere.

Each time a banker loan digital money, it's supposed to be okay because erased sooner or latter. But it's never true because of interest.

Because of this interest, there's always gonna be more debt than real money supply in the economical circuit.

Government will never be able to fully pay their debt back. Debt ceiling has to be rised no matter what.

>Well, the China Bubble is about to pop, which will make 2008 look like a minor stock correction
Any evidence of this? The stock market in China is controlled by the State right? So why cant they just keep the party going?

What will happen when we are no longer oil dependent?

You're correct, it's supposed to be inflation.

These idiots don't know that money doesn't have a value but is just the relationship of the various network of goods to each other.

>What will happen when we are no longer oil dependent?

Depends who's selling whatever you are buying for fuel

What I'm confused about how Americans tell me they got rid of the gold standard

but how the Dollar globally is backed by gold

This is uhh
what

>every nations needs US$ to buy oil barrils.
>This allow the US government to print a shitload of money
How does this work? It still inflates the market with dollars when US starts printing them no?

Does it rely on some people just storing the cash? idk sry breh im a white nigger and retard af

Dunno how to clearly explain that, but technological advances all point to solar/wind/whatever sustainable/more easily producible power, less "centralized"/"proprietary" energy. So what will happen when everybody can literally have a house which can produce its own power? Trading oil won't be anymore the alpha & omega of the international tradings

I'm sure the technological advances, as you described, will be slowed down by the oil companies.

You are too optimistic

The US dollar may or may not be backed by gold anymore, it might just be military force at this point.

But what is meant by getting rid of the gold standard was that that you can't go the the bank or government and get gold for your dollar bills. The US dollar had a note allowing the holder of the bill to refund the bill for its gold value. If I had $200 in bills, I could go to the bank and be given the gold that the bills were worth.

They got rid of this as some sort of power play or something and now the US dollar is pure fiat money.

>. The US dollar had a note allowing the holder of the bill to refund the bill for its gold value. If I had $200 in bills, I could go to the bank and be given the gold that the bills were worth.

Sounds risky if someone would've had the idea to get all the dollars and then waltz into banks.

Ty for the tldr

Printing currency inflates it's value you're correct. But since every nations needs to stock on US$ if they want some oil, USA is the one and only country allowed to dodge this karma-bullet.

Basically they sell their inflation ( extra currency stock ) by importing whatever manufactured goods or ressources.

>Be USA.
>Print shitload of dollars.
>Too much money, value will decrease.
> Finland calls.
> They want my extra money, great !
> Not gonna give it tho.
> Ask for their Vodka.
> No more problem and free booze.
> Call it a New World Order.

Europe can't do that since Euro is just not mandatory for anything.

>>Too much money, value will decrease.
>> Finland calls.
>> They want my extra money, great !
>> Not gonna give it tho.
>> Ask for their Vodka.
>> No more problem and free booze.

but there's still "too much money" if Finland won't store it away from circulation?

I really need to read basic economics book, badly.

It's too naive of you my fellow Sup Forumstard. You need to swallow more redpills.

Oil compagnies are all in together and are not gonna let it go easily. Google "the seven sisters" for more information on this oligopole.

Any war from this decade can strictly and purely be regarded through a war for ressource filter. Afghanistan was a war for poppy field, Irak for it's oil fields, Syria for the pipeline...

Oil is just too much a profit for Exxon and the like. It's just too much of a guaranty for the US government.

Watch the world through this filter and you'll be surprised.

Iran doesn't sell their oil in dollars.

Fiat currency will collapse. Simple as that.

Finland will stock it to buy oil when needed. That's nearly the only point of US$ for a strong and modern nation like yours.

If they spend it, it's gonna end in Saudi Arabia or Irak or ISIS or Venezuela or whatever oil exporting tier country.

They'll keep it because their own currency is kind of shitty and distrustfull. So if one day they go down they'll still have this strong foreign fiat currency to pay military wages or buy tanks from France or Germany.

Economy is the key to modern geopolitic so you're right and welcome to ask user. Empower yourself. Type "master of money" on Youtube, enjoy the ride.

Oh, now it makes sense. It's reverse to buy oil, not in circulation like Euro or rubles, and used mainly for gauging oil price in the global market.

Is that even "money" since its use is so limited to 1 product?

Yes I'm too naive. Thanks for putting things in perspective.

everyone needs oil, and if you don't sell your oil in dollars, U.S will come and fuck you up. That's why Gaddafi got ded, because he was planning his own gold-based currency system with some African countrys. That's what happens with every other oil-countrys, if you dare to challenge dollar. Iran is playing with fire, because they stopped using petro-dollar this year in response to Trump's muslim ban.

>Iran is playing with fire, because they stopped using petro-dollar this year in response to Trump's muslim ban.

imagine if the fire spreads
might see WW3

yeah good luck depending on Iran at their current production levels

Yes. Everything is OK. Full faith and credit.

Even for american citizens it's not money since it fails at retaining it's value other time. A 2017 buck "worth" 0.05 of a 1913 one. It's just crashing honestly.

For you and I it's definitely not even a currency since we can't use it as a medium of exchange on a daily basis.

For your government or mine it's still a real currency because they can spend it on any international trade and chance are it's gonna be accepted.

Finland can spend their US$ to buy kiwis from New Zealand and chances are both will be happy.

But in reality since the only reason for Finland to ask US for $ was to be sure to be able to buy oil, they're more likely to pay us in Euro and keep the bucks for it's primary purpose.

Tl;dr: $ is currency on international level because accepted in any deal, but okay tier nations are more likely to spend their own currency first since $ was stocked for oil purpose in the first place.

I think you used the term "military force" when you referred to dollar and the way you describe it really makes it look like such, lol.

Do you have any recs for basic econ books, especially about currency?

Except the petrodollar is broken. Saudi put their oil profits into US treasuries, giving the US debt bottomless liquidity (there are always buyers with money for US debt). Except Saudi is not making any money. They issued their own debt this year and Saudi Aramco is being floated.
You guys need this knowledge. Explains everything. Why is oil falling in price, when demand should be bottomless? How can you have lack of demand for oil? 80% of the global population could never afford it. There is no limit to demand.

For 100 years, every year, more people could afford oil and everything else that comes with it. Now every year, a few less people can afford it.

Bigger than that. China and Russia have an agreement to exchange Oil for Yuan, and China has made Yuan transferrable to gold on their new physical gold exchange.

Thus, Russia is working outside the US fiat, which is why the neocons are fizzing at the bung.

Petrodollar used to be the main idea to secure dollar when dropping the gold backing. Itls start yo be old so I have no doubt you're right about it !

But you're the first one I read claiming that so please, teach us user.

Yeah,now search for US military bases around IRAN

whole thing runs on gauging the confidence of jews, which is retarded enough but now almost all this is run by automated computer algorithms that could easily trip over themselves from how complex they are or purposefully hacked to get some jew more money or purposefully fuck it over, so no, there's one bluescreen away from the world economy imploding

Seems like Kiwis are more financially clued up. Forget economics textbooks. Its fucking make believe. Classical economics, supply and demand stuff is what you need. It won't explain the modern lunacy your govt adheres to.

>Classical economics, supply and demand stuff
any recs of modern literature or should I just start with Locke and Adam Smith and progress on?

Money only inflates if it circulates. If it's not "chasing assets," then asset prices have no reason to rise.

In fact, you can end up in the perverse situation where money-printing happens side-by-side with DE-flation because the printed money is simply hoarded or is used to carry out large-scale debt settlements by big institutions - the payments for which are then hoarded.

To get inflation, there would need to be some transfer of that money into the "spending sector," which isn't really happening.

Yes. If all the oil countrys starts suddenly to adopt petro-euro, whole U.S economy would absolutely collapse. In 2000 Iraq started asking euros for oil. U.S invaded Iraq in 2003, and petro-dollar was back. Petro-dollar cycle is the keyword.

>perverse situation where money-printing happens side-by-side with DE-flation because the printed money is simply hoarded or is used to carry out large-scale debt settlements by big institutions - the payments for which are then hoarded.

I'm no expert as you can tell, but isn't this nearly or exactly what happened in Europe when EU and ECB tried to deal with the depression going on currently

It's my job. So I will try.

Resources, metal, oil etc don't work like a cup, where it's full, you pour it out, then it's empty. They work like a sponge. When you squeeze a sponge, you initially get lots of fluid out. Eventually, you are squeezing so hard it hurts but the sponge is still wet.

In other words, eventually the amount of energy you use to extract the resource costs more than the resource you get. Things like fracking are a mark of desperation. There is plenty of oil left, but there is no cheap/easy oil left. Or at least not enough to feed the global economies essential growth.

This is incorrect

Tons of dole bludgers and bums everywhere.

Tons of old friends just drink my taxes all week while i work

This is the place that prints dollars like ink was free. U.S Federal Reserve.

stay shit

Inflation is partitioned. So the price of gold remains constant while the cost of building a mine increases 5x
It is, without any silliness, currently fully manipulated. The entire global financial system is being managed. It is a literal robbery, as the banks are handing fiat currency to their friends, who are not passing it on to anyone else.
We have fiat everything today. The supply of gold does not matter, as demand is met by paper gold products. Positions on gold. You can't make this stuff up. To keep the paper US $ up artificially, they need to keep everything else down artificially.
This causes enormous distortions. Gold is likened to holding a beach ball under water. The further down they push it, the more violently it will rise.

The system is dangerously unstable at present and if your investments arn't backed by solid assets or some sort of tangible production you have good chance of losing your shirt in the next five years. There's a second .com bubble chained with large equity movements inside of financing that are boiling down to a very risky game of musical chairs where those that don't get seats when the music stops get mulched "financially speaking".

The only way back to security ia for sustainable debt resolution of some kind to take place, at present the biggest debtor nation is also the biggest goods consumer and runs the dollar as an energy exchange currency (ie oil and natural gas). This will work until the nation's lending money can't keep the beast going without going bankrupt themselves, the dollar stops being an energy exchange unit, or and probably more likely the consumer market no longer has the personal capital to consume. One of those three occurrences will trigger a global financial mess that will take a few decades to fix and once the dust settles the same folks may no longer be on top.

For general purpose, get a quick review of those.

But for this topic just enjoy this serie: youtu.be/DyV0OfU3-FU

Easy to watch, informativ. You'll know more than many.

To clarify lets just say on /pol. I'm a little surprised at the lack of knowledge, as its the key (((scam))).
You put gold in (US, 1945), say, 8000 ton. Then you invest it in the local economy and you get the 1950s. Then you switch to pure fiat currency. Tell everyone gold is a pet rock and hand them paper instead. Now move all the gold out of the country. Based on gold through Switzerland, all the Wests gold is now in Asia.
Ever take something off a baby? You give it something to distract it so it does not cry. This is how you take gold from Goy.

It's a good thing we have good goys like Donald Trump in office who are going to drain the swamp and get rid of all those billionaire Goldman Sachs criminals, otherwise I would be worried about something like this

Almost forgot this redpill for OP. Thank you again user.

If you want any proof of this missing gold just document yourself on Germany's gold return from US. This was a massive shitshow.

I've been investing in medical companies since the population of old cunts is getting larger every day

Portugal reporting in

Socialist-AntiCapitalist-Communist Gov here.

Everything is going as socialism should go

Everything starts out fine and dandy, life "improving". Then we're gonna get the bill because we can't pay anything. And we gon' get fucked

Didnt you already go bankrupt in recent past?

quit with the red pill shit
you making me mad

Anyone can recommend me a good book as an intro for global economics? I know a lot about many subjects but utterly blind to economy.

when shit hits the fan you should pick up a nice legal heroin habit.

I was thinking about this the other day. Getting abstract. This is why the old timers had chaos gods. They viewed structure and order as destructive because it lead to inertia and decay.
Picture a city on a plane. Draw a circle around it. The radius of the circle is how far you can travel from the city and bring back resources before it costs more to go out, then you bring back. This is what killed Rome. They could not expand more, and they exhausted everything withing range.
The global status quo is in the same state. People have expanded to 8 billion, dollars to who knows how many trillion, but energy (and ths everything) has begun to contract. We are past the end of the radius. It's a complex thermodynamic issue.
Next gen nukes are the only option. I spent a year living alone in a concrete block shed with a laptop to work that out.

It's a double shit post from the leaf. KYS.

Why wouldn't a domestic revolution and protectionism work?
Why must it be global war?

If you want to understand the world, you must understand Energy, and the flows and economics of energy.
Energy is the foundation of all activity and therefore of economies. You can't live without food, drive without gas, grow plants without sunshine, move water without gravity, etc...

Starting a few hundred years ago, the unprecedented explosion of population, technology, and economy is a DIRECT RESULT OF ACCESS TO A LOT OF CHEAP ENERGY. Coal, then oil and gas.
No longer was a country limited by the amount of muscle-work it could support with plant-captured solar power... Now it could burn the million year old plant-stored fossil fuels in engines to do the work of hundreds of horses at once!
And only then was it economically viable to do weird ass shit like have uneducated factory workers instead of guild craftsmen, to spend energy on waste such as packaging or plastic toys, to outsource the manufacturing and services that your peoples depend upon to live out to other nations thinking that it'll be okay...

We are over the hump of the PEAK OIL curve, the economic future is overall bleak. Yes some nations will become richer and more high tech, but there will be fewer of those nations, and within those nations there will be ever increasing inequality of wealth. Over all humanity is entering a low energy phase, where efficiency and sustainability are more powerful than profitability.
This means that any tech that lost out because something cheaper (because it used fossil fuels) came alone will come back into viability.

>Crash, stabilise, Crash, stabilise... creeping back down to the dark ages.
This is the economic pattern of the 21st century.

No one here knows what the fuck they are talking about. The short answer is yes, sort of. We are in better shape than we've been in since 2008, but that's not saying much. Interest rates are still abysmally low, debt is incredibly high in the developed world, especially Japan and China, and another will crisis of the magnitude we saw before will sink the world economy. We used everything back in 2008, and are just now barely beginning to regain those options, but it doesn't mean much.

The country to watch is China. They've seen a good rebound and continued growth, but it's all fueled by debt and construction, as well as the overheating housing market. There's other issues, but I don't feel like typing anymore.

Don't listen to the 'muh Jewish banking cartel'. Their understanding of the economy comes from Ron Paul and YouTube conspiracy videos.

If you pull it off and you have enough resources domestically, then you can probably make yourself a global target.
It pains me we ran a Thorium MSR in the 60s, which could utilize both our existing waste piles of U238 (1 million years of energy at current consumption) and use Thorium, which costs the same as dirt. The Romans were burning coal in England, but word never spread.

WHY did you stop?

Dumbass, any currency only has as much value as people put in it. Whether it's gold, dollars, or fucking balloons, a currency is only worth as much as the economy it represents.

Point is, whatever medium you use, money isn't real. It's an abstract creation, an idea used to facilitate market transactions. The only difference is we determine the scarcity.

Yeah, good one. Because there is something wrong with Ron Pauls economics?
I guess what you are saying is you get your economic news from the MSM?

Riddle me this financial expert friend? If you raise interest rates on 200 trillion, base currency explodes through inflation. If you leave them where they are, base currency explodes through excess printing via borrowing. That is conventional economics.

What is your plan?

I don't understand?

Why was the thorium reactor stopped?

Wrong. The time to buy precious metals was ten years ago. Pepper your angus.

Yeah but you can only keep that party going for so long...

>saying inflation exists like its a deep fundamental revelation and not chapter 1 on an intro to economics textbook

Cunts fucked

My favorite red pill. JFK was on top of this. Here he is visiting Alvin Weinberg at Oak Ridge National Laboratory.
We need two things to create abundance. Sound money, so people can't usurp our governance and a very very large increase in free energy in the financial system. These were the two objectives that got JFK shot. He got in the way of the petrodollar plan.
If you plot human energy liberation advancements (density) aginst time, from wood to coal to oil to Weinbergs MSR it went exponential in the 60s.
That means, while we had 4% growth per year, we should have had 400% in the 80s and it should be in the thousands now.
This is how savagely you have been robbed. The poorest person in the world would have a standard of living you can only dream of.

wealth transfer from west to east is happening.

Everyone should see this

She's a whacko Catholic but the substance of this presentation is 99% right

You sound super confident considering it's a topic where nothing ever works well. There are many options, all shit for someone some time.

Gold and silver work because they keep mining alive. Mining is currently dead. It was sub-economic as an industry 10 years after fiat was adopted. If your money is not metal based, no one explores and you end up with a fucking huge hole in your resource supply.

Forgot link:
youtube.com/watch?v=ruiK7A2Xwi8

As long as you need it to buy food and fucking survive it's sure as shit real.

gtfo out with that philosopher shit. It's meant to make you think - you let it consume you.

Weinberg put a report on Nixons desk stating that the experimental reactor was a success, that the outputs and fuel costs would leave hydrocarbons for dead and that it would end poverty. He requested funding for development of commercial reactors. Nixon just canned the whole project.
Weinberg is the same guy who built the light water reactors we now use for the navy in 1947 (yes, they are that fucking old, like a model T ford) and he said "never use these reactors on land, they will chernobyl or fukishima" (predicted both problems back then). He made the MSR to be safe.

Checked. Too scared to post a link, but some user posted some isis propaganda that was an hour long documentary on the return of the gold dinar. Also had a quick overview of Sharia law, history of Islam, etc.

Breddy inderesding watch for educational purposes desu.

People are bombarded by media saying "no inflation", "we need inflation", as if its not there.

They mean price inflation and wage inflation.

They conveniently ignore that "inflation" is just expanding the money supply (and thus devaluing every dollar) which we have fucking plenty of.

I think the skip this bit, because people would realise they are getting fucked, hard, no lube.

Holy fuck Australians are fucking retards

Interesting...

But there are many examples in nature where the trendline can appear to be logarithmic, then very quickly change without outside influence