Can the US win the currency war? - page 3.

greBit

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Quote from: AtheistAKASaneBrain on August 04, 2015, 10:10:03 AM

Quote from: Miracal on August 04, 2015, 04:58:48 AM

Quote from: mindrust on August 04, 2015, 01:23:55 AM

Yeah USA going to win this one again...

One language for all, one currency for all. The alternative was "Euro" against "USD" but Europeans f**ked it up with Greece crisis. (and spain will be following probably)

And China? China is in another world dude. No one would want to go there. So basically China is worthless to most people.

Euro could never provide a strong fight against dollar, despite of whatever capital strength they possess because it takes social and political capabilities to back a strong currency, not just missiles. Spain is not going to end like Greece anytime soon, they've made the most recovery from their crisis in the whole euro zone circle. Also, China is not worthless, the whole world relies on it for manufacturing their products and provide the cheapest human resources.

That recovery is a bubbled one. It's based on precarious labor, low quality and temporal jobs that pay next to peanuts. The spaniards are holding without riots because they are living off under the table work and off grandparent's welfare. You are deluded if you think its getting any better for them.

My family lives in Spain and they told me everything which happens there, I am more informed about the place than you are. I can assume you don't live there because you're one of those people who reads a conspiracy theory over the internet and totally believes it. I'm anything but deluded, Spain might not be completely recovery free but they are doing so much better than what I think they would be like.

risingtide

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Quote from: mindrust on August 04, 2015, 01:23:55 AM

And China? China is in another world dude. No one would want to go there. So basically China is worthless to most people.

I went there. The smog in Beijing is like nothing else I've experienced. You could actually feel your life span shortening by being there.

achow101

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Quote from: mindrust on August 04, 2015, 10:41:47 AM

Quote from: Miracal on August 04, 2015, 04:58:48 AM

Quote from: mindrust on August 04, 2015, 01:23:55 AM

Yeah USA going to win this one again...

One language for all, one currency for all. The alternative was "Euro" against "USD" but Europeans f**ked it up with Greece crisis. (and spain will be following probably)

And China? China is in another world dude. No one would want to go there. So basically China is worthless to most people.

Also, China is not worthless, the whole world relies on it for manufacturing their products and provide the cheapest human resources.

Would you live in China? Would you live in Saudi Arabia? I know there are lots of european/american people live there, but would you? Most will say no.

You don't like their culture, you don't like their language, you like nothing about them. So what makes them precious to you?

Yeah i'd like them to keep making my electronic devices or send me oil from a faaaaar away land.

On the other hand, I can live in USA or any other European land and i can adapt easily to any of those cultures. Because almost all people there know to talk in "English" That is the meaning of "worth" to me.

Not every European country speaks English. Even in Western Europe, people will still speak their country's native language. In other countries in Europe, they don't all speak English. Most people in Europe will know English to some degree, but not all. Same with China. China actually teaches their kids English in schools (at least in the good ones) and most people their will understand English to some degree.

mindrust

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Quote from: Miracal on August 04, 2015, 04:58:48 AM

Quote from: mindrust on August 04, 2015, 01:23:55 AM

Yeah USA going to win this one again...

One language for all, one currency for all. The alternative was "Euro" against "USD" but Europeans f**ked it up with Greece crisis. (and spain will be following probably)

And China? China is in another world dude. No one would want to go there. So basically China is worthless to most people.

Also, China is not worthless, the whole world relies on it for manufacturing their products and provide the cheapest human resources.

Would you live in China? Would you live in Saudi Arabia? I know there are lots of european/american people live there, but would you? Most will say no.

You don't like their culture, you don't like their language, you like nothing about them. So what makes them precious to you?

Yeah i'd like them to keep making my electronic devices or send me oil from a faaaaar away land.

On the other hand, I can live in USA or any other European land and i can adapt easily to any of those cultures. Because almost all people there know to talk in "English" That is the meaning of "worth" to me.

AtheistAKASaneBrain

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Quote from: Miracal on August 04, 2015, 04:58:48 AM

Quote from: mindrust on August 04, 2015, 01:23:55 AM

Yeah USA going to win this one again...

One language for all, one currency for all. The alternative was "Euro" against "USD" but Europeans f**ked it up with Greece crisis. (and spain will be following probably)

And China? China is in another world dude. No one would want to go there. So basically China is worthless to most people.

Euro could never provide a strong fight against dollar, despite of whatever capital strength they possess because it takes social and political capabilities to back a strong currency, not just missiles. Spain is not going to end like Greece anytime soon, they've made the most recovery from their crisis in the whole euro zone circle. Also, China is not worthless, the whole world relies on it for manufacturing their products and provide the cheapest human resources.

That recovery is a bubbled one. It's based on precarious labor, low quality and temporal jobs that pay next to peanuts. The spaniards are holding without riots because they are living off under the table work and off grandparent's welfare. You are deluded if you think its getting any better for them.

Miracal

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Quote from: mindrust on August 04, 2015, 01:23:55 AM

Yeah USA going to win this one again...

One language for all, one currency for all. The alternative was "Euro" against "USD" but Europeans f**ked it up with Greece crisis. (and spain will be following probably)

And China? China is in another world dude. No one would want to go there. So basically China is worthless to most people.

Euro could never provide a strong fight against dollar, despite of whatever capital strength they possess because it takes social and political capabilities to back a strong currency, not just missiles. Spain is not going to end like Greece anytime soon, they've made the most recovery from their crisis in the whole euro zone circle. Also, China is not worthless, the whole world relies on it for manufacturing their products and provide the cheapest human resources.

greBit

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Quote from: ransomer on July 09, 2015, 01:41:56 PM

I meant if the US could 'control' (or exploit if you will)...the new blockchain technology and bitcoin - or will strict rules push all the new ventures and innovation in the bitspace to other countries?

How can a country like US not get their share of extra money? They will not ban anything, maybe they will change exactly what it stands for and work against it. Maybe they centralize the currency or modify it and make their own US currency while they ban all other crypto in the country, making even possessing it illegal. I wouldn't be surprised if US acted this way, they become a little insecure sometimes. Its not cute.

mindrust

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Yeah USA going to win this one again...

One language for all, one currency for all. The alternative was "Euro" against "USD" but Europeans f**ked it up with Greece crisis. (and spain will be following probably)

And China? China is in another world dude. No one would want to go there. So basically China is worthless to most people.

Andy4.4

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I don't think so.
According to me China or India are gonna win the currency war(but not recently).

EternalWingsofGod

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Quote from: bryant.coleman on July 08, 2015, 02:35:33 AM

Quote from: myfirst on July 07, 2015, 10:17:56 PM

The U.S. came to power because it took advantage of the destruction left in Europe by WWII. I predict that with WWIII the U.S. (while it may not suffer actual 'defeat') will lose it's global dominance to Asia due to the massive amount of debt it's citizens would get stuck with after the war.

My prediction is slightly different. After the Pinocchibitch becomes the POTUS in 2016, the United States will declare war against Iran (she has already promised that to the Jewish electorate). The Iraq invasion cost the Americans some $2 trillion. So my assumption is that the Iranian invasion will cost them some $20 trillion. This will destroy the American economy.

I would not put it past the POTUS to do that, they have already done a similar thing to Gadaffi in Libya when he stopped his nuclear development programme then destroyed the country, that helped to create ISIS/ISIL because taking one moderate dictator out of power their led to even more radical powers emerging.
I'm just hoping they do not try to do another Libya and destabalize Iran that will create a lot of collateral damange in the middle east that will spread over to the West.

bojan92

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There was a tv show in my country few years ago. The point in the study explained in that tv show was very clear, United States of America doesn't have government reserves for 40 percent of the printed dollars. I think that says all.

ransomer

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I meant if the US could 'control' (or exploit if you will)...the new blockchain technology and bitcoin - or will strict rules push all the new ventures and innovation in the bitspace to other countries?

aakashsangwan

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No, i don't think that USA can win the currency war.

According to me euro is in far better position than US.
So, sorry Americans, you are gonna loose this time.

HigsonPP

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When it comes to language the ,Mandarin comes on the no1 position. Then Spanish and then English. But the USD is followed worldwide . China and India are coming at pace with the worth of dollars , but it will take time. Until then dollar reigns the territory.

bryant.coleman

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Quote from: myfirst on July 07, 2015, 10:17:56 PM

The U.S. came to power because it took advantage of the destruction left in Europe by WWII. I predict that with WWIII the U.S. (while it may not suffer actual 'defeat') will lose it's global dominance to Asia due to the massive amount of debt it's citizens would get stuck with after the war.

My prediction is slightly different. After the Pinocchibitch becomes the POTUS in 2016, the United States will declare war against Iran (she has already promised that to the Jewish electorate). The Iraq invasion cost the Americans some $2 trillion. So my assumption is that the Iranian invasion will cost them some $20 trillion. This will destroy the American economy.

Possum577

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Loose lips sink sigs!

Quote from: myfirst on July 07, 2015, 10:17:56 PM

I actually believe the Spanish language (while not the most spoken) has a world wide distribution that rivals English. As for currency...the USD may dominate for now but it's days are numbered due to the US abusing it's power.

The U.S. came to power because it took advantage of the destruction left in Europe by WWII. I predict that with WWIII the U.S. (while it may not suffer actual 'defeat') will lose it's global dominance to Asia due to the massive amount of debt it's citizens would get stuck with after the war.

SO why do some of you folks (including the OP) refer to it as a war?

myfirst

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I actually believe the Spanish language (while not the most spoken) has a world wide distribution that rivals English. As for currency...the USD may dominate for now but it's days are numbered due to the US abusing it's power.

The U.S. came to power because it took advantage of the destruction left in Europe by WWII. I predict that with WWIII the U.S. (while it may not suffer actual 'defeat') will lose it's global dominance to Asia due to the massive amount of debt it's citizens would get stuck with after the war.

EternalWingsofGod

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Quote from: p3yot33at3r on July 06, 2015, 05:19:34 PM

No.

Mandarin is the most widely spoken language. Then Spanish. English is 3rd or 4th with Hindi - depending on what stats you read (that's including the butchered american version) Wink

http://www.infoplease.com/ipa/A0775272.html

https://en.wikipedia.org/wiki/List_of_languages_by_number_of_native_speakers

In business terms English did gain its dominance before the internet but it did help to enforce that standard.
That said in the future if China increases its sphere of business influence enough we might see some bilingualism in the business languages.
Basically whereever the most money piles up.

Possum577

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Quote from: scarsbergholden on July 06, 2015, 06:09:52 PM

with an 18 trillion dolar national debt, the currency war is pretty crazy the debt keeps on growing and nothing cant stop it, the question is how much debt can the u.s population can support http://www.usdebtclock.org/

The US debt is actually at $17.4T. And in per capita terms, the US comes in third behind Japan and Ireland -> http://www.bloomberg.com/visual-data/best-and-worst/most-government-debt-per-person-countries

National Debt is not a US invention, so it's not fair to use this as a reason the Dollar shouldn't be the currency standard. Stability is the best reason.

http://www.nationaldebtclocks.org/

bryant.coleman

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Quote from: jeffthebaker on July 06, 2015, 05:29:06 PM

I came here to say this. The USD is accepted worldwide, and even preferred in many areas with a weak local currency. As far as a centralized currencies go, USD is the clear dominant entity.

That is because, right now the United States Dollar is the most stable currency in the world. The other currencies have been too volatile. For example, the Euro has lost more than 20% of its value in the past 12 months (and it is all set to drop even further, as the Greeks have voted NO). Other currencies have fared even worse, such as the Russian Ruble and the Norwegian Krone.

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