wreton34
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| Joined: 18 Apr 2010 |
| Total Posts: 2698 |
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| 22 Dec 2011 01:24 PM |
I have a couple of questions I wanted to ask Thorae. (Haven't seen him in a while but hey)
1ST AND FOREMOST
If modern western bigwigs (UK,US,etc) have trade deficits, and the central bank prints more money to make up for losses, doesn't that just drive inflation right up?
2nd
What is our money worth? Is it gold, assets, or whatever? |
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| 22 Dec 2011 01:27 PM |
| Thorae's internet is cut for 2 days. Powerline failure |
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wreton34
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| Joined: 18 Apr 2010 |
| Total Posts: 2698 |
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| 22 Dec 2011 01:32 PM |
| ah, fine, anybody can put in their 50p |
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Socotra
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| Joined: 10 Nov 2010 |
| Total Posts: 304 |
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| 22 Dec 2011 01:33 PM |
| Its the petro dollar cycle for America. |
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wreton34
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| Total Posts: 2698 |
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Socotra
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| Joined: 10 Nov 2010 |
| Total Posts: 304 |
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| 22 Dec 2011 01:41 PM |
| Basically, to trade oil on the international markets you need the dollar, therefor, every time you convert, you are strengthening the dollar because you are buying into the dollar to sell your goods. It keeps it relatively stable. Iraq almost did this with the Euro, which, many people believe, was the reason we invaded Iraq. |
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wreton34
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| Joined: 18 Apr 2010 |
| Total Posts: 2698 |
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wreton34
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| Joined: 18 Apr 2010 |
| Total Posts: 2698 |
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| 22 Dec 2011 01:52 PM |
| Cleared a lot up grim, cheers |
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pwnedu46
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| Joined: 23 May 2009 |
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| 22 Dec 2011 03:15 PM |
1st question: Yes. 2nd: Gold.
---------- ~ pwnedu46, the unicorn ~ |
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qwazola
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| Joined: 23 Oct 2008 |
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| 22 Dec 2011 05:22 PM |
| The first one is pretty obvious, even to me. |
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wreton34
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| Joined: 18 Apr 2010 |
| Total Posts: 2698 |
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| 23 Dec 2011 09:18 AM |
| But money is always leaving the economy? |
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