Are tens of millions of Americans about to experience devaluation of the dollar?

Discussion in 'Economics & Trade' started by DennisTate, Sep 26, 2017.

?

What percentage of their saving will Americans lose if the dollar is devalued?

  1. 0 percent

    7 vote(s)
    38.9%
  2. 1 - 10 percent

    3 vote(s)
    16.7%
  3. 11- 20 percent

    0 vote(s)
    0.0%
  4. 21 - 30 percent

    2 vote(s)
    11.1%
  5. more than thirty percent of their savings.....

    6 vote(s)
    33.3%
  1. Pollycy

    Pollycy Well-Known Member

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    My answer, truthfully, is that I don't know. I have thought that the Federal Reserve System sets money supply levels, but perhaps I'm wrong...(?). In any event, I rebel at the idea of the Federal Government creating imaginary money out of thin air and using it to credit anybody's 'bank account with dollars':clapping:. Where is the constitutional justification or requirement for doing that? :confusion:

    Health insurance? The government has no business justification for getting in the health insurance business. It never had any right or constitutional requirement to do that -- but, as we all know, hyperliberal Democrat president, Lyndon Johnson (FDR's 'star-pupil') brought both Medicare and Medicaid into existence in the 1960's. We're stuck with both of those programs now, but, at least we are going to get rid of Obamacare, thanks largely to Donald Trump.
     
  2. Pollycy

    Pollycy Well-Known Member

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    No, Medicare is nothing but a 'socialism-lite' fraud masquerading as some kind of half-assed "universal health care" for old people, but in actuality it pays only a percentage of what a person's REAL health care costs are. That's why there's all these deductibles and those supplemental insurance plans -- to pay for all the large numbers of things that Medicare won't pay for.... The whole thing is a bureaucratic scam which FORCES people to pay into it all their working lives. Ah, but Medicaid? Ha! :hippie:

    Get this! True story! I know a guy quite well who had to pay more than $10,000 out of his own pocket for a bunch of intense dental care that involved extractions, a punctured sinus cavity, and upper and lower partial dentures. I knew another guy quite well who was on MEDICAID, who had a ton of dental work done, and got upper and lower dentures, too. The guy on Medicaid paid absolutely NOTHING for ANYTHING!
     
    Last edited: Jun 6, 2018
  3. Durandal

    Durandal Well-Known Member Donor

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    Sounds like Medicaid should be expanded to everyone and every necessary type of health care treatment :D
     
  4. Pollycy

    Pollycy Well-Known Member

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    Oh? And who is going to pay for all this "every necessary type of health care treatment"...? What is the justification? Why do people who won't/don't pay for their own health care have any right to expect working taxpayers to provide it to them for nothing?!

    IMHO, Socialism, per se, is little more than a failed 19th and 20th-century form of government in which 'Peter' robs 'Paul'. Eventually 'Paul' gets sick and damned tired of this legalized robbery by a gaggle of politicians and their endless pandering to parasites, and he retires, rebels, or maybe just becomes a parasite himself. Soon, all you have left is a nation of parasites, sitting on their dead asses, waiting for subsistence welfare handouts from the government. Then you have situations like those we have seen, and continue to see, in Europe, which is supposed to be some kind of wonderous Utopian, socialist 'paradise', where nobody is required to work.

    [​IMG]. "Just pay for my dentures and stop all this crap about "work"!" :cynic: -- "Don't use that word!"
     
    Last edited: Jun 6, 2018
  5. Durandal

    Durandal Well-Known Member Donor

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    We all contribute to provide basic services from which most if not all of us benefit, and society is better for it. I don't see why health care should be different. It's a life-or-death matter, a very necessary product/service, not people being forced to buy other people luxuries.

    Even as it is now, people who can afford to pay for health insurance in order to cover the costs of the subset who actually need the coverage. This would simply take that model nationwide and eliminate the for-profit middleman.
     
    Last edited: Jun 6, 2018
  6. Pollycy

    Pollycy Well-Known Member

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    I agree that when it's a "life-or-death matter" that emergency care should be provided at no cost (if necessary), by any available health care facility. That's what MediCAID is for!

    But why should U. S. taxpayers be burdened with having to pay for any other kind of personal service for any other person?! It's all just more politically manipulated, confiscatory, socialistic robbery! Nobody has the right to draw on MediCARE benefits but those who were forced by law to pay into the system until they became 65 years old!

    Each of us, as American citizens, is guaranteed, "Life, liberty, and the pursuit of happiness", along with the rights and protections of the United States Constitution. Nothing less, and, nothing more....

    [​IMG].. "Yeah, but, giving them "something for nothing" is what we Democrats do BEST!":party:
     
    Last edited: Jun 7, 2018
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  7. DennisTate

    DennisTate Well-Known Member Past Donor

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    I have ran into some information that has me kind of worried about this again.......

    http://www.politicalforum.com/index...-dollar-problem.525406/page-4#post-1069687543


     
  8. Pollycy

    Pollycy Well-Known Member

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    China has taken a precarious position by letting the yuan fall way down low. This morning the ratio is 6.93 to 1, and all hell is supposed to break out if it goes below 7 to 1. We'll see. Chinese leader, Xi Jinping "don't scare easy".... Trump has a great deal more business-sense than all these bug-eyed morons who are running around in circles stocking up on gold and silver, but, personally, I would hate to 'play chicken' with a man as downright SMART as Xi Jinping (or his buddy, Vladsky Putin -- who has a Ph. D in Economics....)

    China has a much wider 'customer-base' of nations now than it did back before "The Great Recession" -- thanks largely to the genius of its Belt-and-Road program which today entails more and more trade with all of Asia, more and more of Europe, and a very large penetration in Africa. It can weather economic 'storms' better now than before, and although it definitely needs the U. S. marketplace to thrive, it doesn't need us as much now as it did before....
     
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  9. DennisTate

    DennisTate Well-Known Member Past Donor

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    One thing that I know is that Soros is so old........
    that he just doesn't care much how much of a mess he makes in the world's markets........

    http://www.politicalforum.com/index...-taylor-and-crazytate.515832/#post-1069069079


     
    Last edited: Oct 22, 2018
  10. JakeStarkey

    JakeStarkey Well-Known Member

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    Dennis, understand that Soros is not really a player, but the Kochs and the Trumps are.
     
  11. Pollycy

    Pollycy Well-Known Member

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  12. DennisTate

    DennisTate Well-Known Member Past Donor

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    Wow.... the man is 88!



     
  13. DennisTate

    DennisTate Well-Known Member Past Donor

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    President Trump wasn't much of a major player back in 1991 when 14 percent was the best rate he could negotiate on the loan......


    https://en.wikipedia.org/wiki/Donald_Trump
     
    Last edited: Oct 22, 2018
  14. DennisTate

    DennisTate Well-Known Member Past Donor

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    Anybody willing to donate most of their money to a foundation......
    can win a lot of friends and influence a lot of people.......

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

     
  15. Pollycy

    Pollycy Well-Known Member

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    Soros? He's not a "player"?! Who here do you think is going to buy a line of crap like that? Even the Wiki makes it fairly clear: https://en.wikipedia.org/wiki/George_Soros

    From that page: "Soros is a well-known supporter of American progressive and American liberal political causes, to which he dispenses donations through his foundation, the Open Society Foundations. Between 1979 and 2011, he donated more than $11 billion to various philanthropic causes".

    We can disagree on exactly what those "philanthropic causes" consist of, and what their real aims are, but be clear on one thing -- ELEVEN BILLION DOLLARS IS NOT 'CHUMP-CHANGE'.... Oh, and that $11,000,000,000 was only the amount he'd lavished on his 'pet projects' through 2011. Who knows how much more he's given to 'causes' he believes in by now -- 2018...?

    [​IMG]
     
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  16. JakeStarkey

    JakeStarkey Well-Known Member

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    Soros is not the power suggested by wiki. wiki? That's creepy to list wiki as a source.
     
  17. Pollycy

    Pollycy Well-Known Member

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    It's regrettable (but not surprising) that you don't like the information I provided, or its source. Out of curiosity, which part(s) of the article do you think is inaccurate, and why...? (This ought to be interesting).

    Wiki may lack the scholastic depth of the Encyclopaedia Brittanica, but because Wiki's information sources are rather broadly-based, it is mostly accurate, if brief, on most topics. Soros? He sticks out like the proverbial 'sore thumb'. His money 'trail' is easily documented....
     
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  18. JakeStarkey

    JakeStarkey Well-Known Member

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    It's regrettable, Pollycy you fail to understand the lack of significance in your post.
     
  19. Pollycy

    Pollycy Well-Known Member

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    At least equally regrettable, Jake, is that you couldn't find it in yourself to be able to make a response that actually said anything....

    George Soros doesn't make any secret of what he is, or how he pushes his "elephant-in-the-room" influence in the community of globalism and socialists... so, why are you trying to be so obscure with a silly inferred denial that this man has contributed billions of dollars to conform to his desires...? I mean, if Soros himself isn't trying to be "Mission Impossible-esque" about what he does, what is it that you imagine that you are protecting from our 'prying eyes'...?

    [​IMG] . Here's a movie you might enjoy!:party:
     
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  20. DennisTate

    DennisTate Well-Known Member Past Donor

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    You are so correct........
    he is absolutely open about his goals..........
    he may actually feel that his plan may be the only way to save the environment from us ignorant
    consumers?!

    http://theeconomiccollapseblog.com/...oming-global-currency-and-the-new-world-order

    George Soros: The United States Must Stop Resisting The Orderly Decline Of The Dollar, The Coming Global Currency And The New World Order


    The question has even crossed my mind that maybe...... just maybe.... that might have been one of the major goals that P. M. Pierre E. Trudeau had in mind back in 1974 when he made what would be defined as a COLOSSAL ERROR by most definitions of that phrase?!



    http://www.politicalforum.com/index...tt-trudeau-save-the-world-environment.424298/

    Did P. M. Pierre Elliott Trudeau save the world environment?


    The Elite of the Elite.... seem to think that the world ecology can only support about ten percent of the world's population at this time........... and some of them are willing to play rough to bring the worlds' population down by about ninety percent..........
     
    Last edited: Oct 23, 2018
  21. JakeStarkey

    JakeStarkey Well-Known Member

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    You silly guys on the far right try to make Soros, who donates to progressive causes, some kind of monster when in fact you help elect a monster to the WH.
     
  22. Pollycy

    Pollycy Well-Known Member

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    Oh, hell, Jake, I know we're never going to agree on Soros, and probably not much else, either. OK....

    Here's a last attempt to try to communicate the view of many of us on the Right about a manipulative, coercive creature like Soros:
    "Head Like A Hole", by Nine-Inch Nails:
     
  23. JakeStarkey

    JakeStarkey Well-Known Member

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    Many of us in sane America are concerned about amanipulative, coercive creature like Trump.
     
  24. ArmySoldier

    ArmySoldier Well-Known Member Past Donor

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    You're concerned about everything, all the time.
     
  25. Aleksander Ulyanov

    Aleksander Ulyanov Well-Known Member

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    No, aint gonna happen.

    And really wouldn't make a lot of difference if it did. We have an ongoing devaluation of the dollar going on all the time to a greater or (recently) lesser extent. It's called inflation

    Biggest thing I remember in this respect took place 1967. It wasn't a devaluing but some people said it would be even worse. Nothing came of it whatsoever to my knowledge
     
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