User mwp02ag, What a call!

Home prices aren't coming down in Texas are they? | TexAgs

aggie93 said:

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Every time I hear this argument I never hear a logical argument of what will replace the dollar. You can talk Gold or Bitcoin but too many countries won't go for that. China doesn't even let the Yuan be traded outside of China on any real scale because the money flies out of the country because their financial situation makes us look like super responsible stewards of financial discourse. The Euro? lol, Europe is becoming an afterthought on the economic world stage more every year. Anyone that thinks BRICS is anything but an alliance of corrupt nations that all will screw each other (and do) at every opportunity isn't paying attention.

We are the tallest midget. We also have the only real global military and especially Navy that can project power anywhere. We have by far the most attractive consumer market by a mile. We have the best farmland and natural resources by a mile. We have the best ports in the world and more of them. We have more navigable rivers than the rest of the world combined. We are basically impossible to invade. In short no matter how dumb we are it's really, really hard to screw it up and there is no one there to take our spot.

We have lots of problems and the debt and monetary policy sucks. Still it's good to be the king.

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This...1000%


The only thing I can add is...

500,000ags said:

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I don't want to get this TOO political, because I consider this an economic issue. I also know this board's general stance. With your experience, do you see Trump's top-down economic approach (considering all of his ideas voiced publicly, the execution being viewed as slap shot, and the resulting uncertainty) moving the needle negatively in any material way?

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We will not be safe until we stop printing so much money.

I don't see that happening until we curb some of the fraud. Trump's policies are generally great, but he is not, by any means of the imagination, fiscally responsible.

People are going to have to get really, really tired of inflation, and we get another Volker to come in and start blowing **** up until we figure out how to spend less.

I can recall hearing this prediction for at least 50 yrs. Eventually it might come true but when is the key. I'm
confident I'll be gone by then.