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Re: mONEY questions for Brorae

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wreton34 is not online. wreton34
Joined: 18 Apr 2010
Total Posts: 2698
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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LostintheBitterness is not online. LostintheBitterness
Joined: 06 Dec 2011
Total Posts: 144
22 Dec 2011 01:27 PM
Thorae's internet is cut for 2 days. Powerline failure
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wreton34 is not online. wreton34
Joined: 18 Apr 2010
Total Posts: 2698
22 Dec 2011 01:32 PM
ah, fine, anybody can put in their 50p
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Socotra is not online. Socotra
Joined: 10 Nov 2010
Total Posts: 304
22 Dec 2011 01:33 PM
Its the petro dollar cycle for America.
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wreton34 is not online. wreton34
Joined: 18 Apr 2010
Total Posts: 2698
22 Dec 2011 01:37 PM
Describe it
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Socotra is not online. Socotra
Joined: 10 Nov 2010
Total Posts: 304
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 is not online. wreton34
Joined: 18 Apr 2010
Total Posts: 2698
22 Dec 2011 01:41 PM
I see.
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EndTheModigarchy is not online. EndTheModigarchy
Joined: 01 May 2011
Total Posts: 2572
22 Dec 2011 01:50 PM
[ Content Deleted ]
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wreton34 is not online. wreton34
Joined: 18 Apr 2010
Total Posts: 2698
22 Dec 2011 01:52 PM
Cleared a lot up grim, cheers
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pwnedu46 is not online. pwnedu46
Joined: 23 May 2009
Total Posts: 7534
22 Dec 2011 03:15 PM
1st question: Yes.
2nd: Gold.


----------
    ~ pwnedu46, the unicorn ~
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qwazola is not online. qwazola
Joined: 23 Oct 2008
Total Posts: 27279
22 Dec 2011 05:22 PM
The first one is pretty obvious, even to me.
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wreton34 is not online. wreton34
Joined: 18 Apr 2010
Total Posts: 2698
23 Dec 2011 09:18 AM
But money is always leaving the economy?
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