Entire countries get fleeced. Trump complained that the USA were the "piggy bank" but his country is running at a huge deficit, and printing money out of thin air to buy REAL stuff.
The only constant is the bottom 90% always gets scammed, but how much longer?
The 90% can get robbed forever, the problem is - this is verifiable and top economists agree, this is not just me being condescending - economy and finance is too complex for the 90%, there is alot of abstraction, maths, and to make matters worse the trillions the world pays to have (useless) schools are not being used to teach the population about finance, economy, or even more generally REALITY!
You can find the latest IMF report here:
www.imf.org/en/Publi...ternal-sector-report
Some quotes
Just another way some european countries get robbed. The major way every one is aware of is west europe taxes ending up in the pockets of east europeans.
Something very interesting the the (Frankfurt located) ECB only directive is to "fight inflation" which is a german goal (they got very traumatised in the 1920s and now are obsessed with it), and generally their goals are focussed towards Germany Germany Germany. Plus perhaps sourrounding germanic states Netherlands & of course Austria.
The UK never fell for the euro. But France which is the second biggest economy of europe (Italy is a little behind) did.
A global currency with separate countries never worked. You'd need a united country.
And europe scills agree! They call for a shared language, shared borders, shared laws, and so on. A real federal country just like the USA.
I disagree with the EU shills. You'd have to convince every one to speak what? English? Or maybe this can be partially ignored.
This is not North America. We can't fuse everything. Plus very large countries tend to do less well and fall apart. They become communist, or some sort of dictatorship, and always fall apart.
That's not to say every one must be ultra nationalist and we need 100 small countries in europe. But a unified nation of the entire europe? Lol no.
10 to 200 million seems to be the sweet spot. And if countries werge it will be over time.
Here except Germany + Austria, I don't really see who could merge? Spain+France+UK and Bulgaria+Latvia+Croatia in the same country 🤣
Come on.
Hey the US at the time of the founding fathers had a population of 4 million, during the golden age had a pop of 150-200 million, and now they're just buying time and collapsing and have 330 million divided people. The country splitting in 2 would mean each half has 100-200 million people.
In its glory (50 BC to 150 AD) the roman empire had a population of 40-100 million. The area was huge, very diverse, and kept growing. And it fell apart.
I think there's more to it than raw numbers but they play a part I think.
If people understood the banking system they would be a revolution before tomorrow morning right.
If they understood trade deficits DIRECT effect in their own earnings & savings, if they saw the effect of inflation etc directly in a simple manner, they'd go crazy.
There was a planned 2-3% additional tax on fuel in France and yellow vests started a revolution. How much of their money goes in fuel? 20%?
They're rioting for what? Losing 1% of their money? LOL! They lose several orders of magnitude more than this in abstract ways they don't understand 😂
Businesses buy and sell at the foreign exchange rate, they're not speculators assessing what is the real value of the currency.
Central banks are the ones manipulating their currencies.
Once again, a centralised government getting in the way of the free market, of supply and demand laws, and cheating.
The only reason this all hasn't crumbled yet is the public ignorance. That's literally the only reason: Too abstract and complex for mainstreet.
Even if it gets explained to them they'll come up with a real smart solution such as "it has to be made simpler" ye sure let's return to paleolithic, you first.
The big tech monopoly bubble is going to pop. If the USA split, remind me to invest in Texas & short sell California.
Comparing the 5 biggest US economies and comparing the 5 biggest Europe economies.
European countries are sort of limited, their only solution is to improve tech and emit CO2 to get better yields, the USA have tons of land, and plenty can grow food.
The USA are huge, too huge for a single country maybe?
The big US states are comparable to european countries. I don't think the USA will just completely explode like the USSR but dividing in 2 or 3 isn't completely crazy.
The USA are 3 times bigger than west europe (not counting scandinavia & greenland), the difference is in culture history and language.
West europeans are not that different and they're not enemies. Over time it could merge, especially in a big global world, who wants to be small isolated and carry no weight?
The price of gold didn't really change till 1913. If it becomes the world currency would the price be fixed? Evolve slowly?
Alot will change in the next 10 years. Got my popcorn ready.
The only constant is the bottom 90% always gets scammed, but how much longer?
The 90% can get robbed forever, the problem is - this is verifiable and top economists agree, this is not just me being condescending - economy and finance is too complex for the 90%, there is alot of abstraction, maths, and to make matters worse the trillions the world pays to have (useless) schools are not being used to teach the population about finance, economy, or even more generally REALITY!
You can find the latest IMF report here:
www.imf.org/en/Publi...ternal-sector-report
Some quotes
Just another way some european countries get robbed. The major way every one is aware of is west europe taxes ending up in the pockets of east europeans.
Something very interesting the the (Frankfurt located) ECB only directive is to "fight inflation" which is a german goal (they got very traumatised in the 1920s and now are obsessed with it), and generally their goals are focussed towards Germany Germany Germany. Plus perhaps sourrounding germanic states Netherlands & of course Austria.
The UK never fell for the euro. But France which is the second biggest economy of europe (Italy is a little behind) did.
A global currency with separate countries never worked. You'd need a united country.
And europe scills agree! They call for a shared language, shared borders, shared laws, and so on. A real federal country just like the USA.
I disagree with the EU shills. You'd have to convince every one to speak what? English? Or maybe this can be partially ignored.
This is not North America. We can't fuse everything. Plus very large countries tend to do less well and fall apart. They become communist, or some sort of dictatorship, and always fall apart.
That's not to say every one must be ultra nationalist and we need 100 small countries in europe. But a unified nation of the entire europe? Lol no.
10 to 200 million seems to be the sweet spot. And if countries werge it will be over time.
Here except Germany + Austria, I don't really see who could merge? Spain+France+UK and Bulgaria+Latvia+Croatia in the same country 🤣
Come on.
Hey the US at the time of the founding fathers had a population of 4 million, during the golden age had a pop of 150-200 million, and now they're just buying time and collapsing and have 330 million divided people. The country splitting in 2 would mean each half has 100-200 million people.
In its glory (50 BC to 150 AD) the roman empire had a population of 40-100 million. The area was huge, very diverse, and kept growing. And it fell apart.
I think there's more to it than raw numbers but they play a part I think.
If people understood the banking system they would be a revolution before tomorrow morning right.
If they understood trade deficits DIRECT effect in their own earnings & savings, if they saw the effect of inflation etc directly in a simple manner, they'd go crazy.
There was a planned 2-3% additional tax on fuel in France and yellow vests started a revolution. How much of their money goes in fuel? 20%?
They're rioting for what? Losing 1% of their money? LOL! They lose several orders of magnitude more than this in abstract ways they don't understand 😂
Businesses buy and sell at the foreign exchange rate, they're not speculators assessing what is the real value of the currency.
Central banks are the ones manipulating their currencies.
Once again, a centralised government getting in the way of the free market, of supply and demand laws, and cheating.
The only reason this all hasn't crumbled yet is the public ignorance. That's literally the only reason: Too abstract and complex for mainstreet.
Even if it gets explained to them they'll come up with a real smart solution such as "it has to be made simpler" ye sure let's return to paleolithic, you first.
The big tech monopoly bubble is going to pop. If the USA split, remind me to invest in Texas & short sell California.
Comparing the 5 biggest US economies and comparing the 5 biggest Europe economies.
European countries are sort of limited, their only solution is to improve tech and emit CO2 to get better yields, the USA have tons of land, and plenty can grow food.
The USA are huge, too huge for a single country maybe?
The big US states are comparable to european countries. I don't think the USA will just completely explode like the USSR but dividing in 2 or 3 isn't completely crazy.
The USA are 3 times bigger than west europe (not counting scandinavia & greenland), the difference is in culture history and language.
West europeans are not that different and they're not enemies. Over time it could merge, especially in a big global world, who wants to be small isolated and carry no weight?
The price of gold didn't really change till 1913. If it becomes the world currency would the price be fixed? Evolve slowly?
Alot will change in the next 10 years. Got my popcorn ready.