Originally Posted by Guest

I once had a boss who railed against removing the gold standard and how worthless the paper dollar was because the only thing backing it was the full faith and confidence of the American government. He didn't take up my offer of a shiny piece of valuable metal for any any bill in his wallet.

He should have...the dollar continues to lose value and gold is for the most part up.

Better than buying "tulips"...Bitcoin. Or playing in the casino (stock market)...even though the odds have been pretty good lately.

Originally Posted by Guest

There is another issue which commonly comes up in this forum. If all of the illegals went home that would drive down GDP and weaken the dollar. Just sayin.

There are only 11 million "illegals" at any one time...a drop in the bucket compared to the 50 million or so anchor babies they left behind.

Hispanics have the majority of babies...have been for the last 8 years. In 30 years...they'll have bred us out.

Originally Posted by Guest

There is another issue which commonly comes up in this forum. If all of the illegals went home that would drive down GDP and weaken the dollar. Just sayin.

Nonsense. You're assuming that all of the illegals at hard working tax paying people. Many are not. And those who are working are holding jobs that US citizens would take.

Originally Posted by Guest

He should have...the dollar continues to lose value and gold is for the most part up.

Better than buying "tulips"...Bitcoin. Or playing in the casino (stock market)...even though the odds have been pretty good lately.



There are only 11 million "illegals" at any one time...a drop in the bucket compared to the 50 million or so anchor babies they left behind.

Hispanics have the majority of babies...have been for the last 8 years. In 30 years...they'll have bred us out.

I would have given him a bright new shiny penny for any worthless paper bill he had.

Originally Posted by Guest

Nonsense. You're assuming that all of the illegals at hard working tax paying people. Many are not. And those who are working are holding jobs that US citizens would take.

The Mexicans took the jobs the blacks held...so the blacks went on welfare.

Originally Posted by Don Baldwin

The Mexicans took the jobs the blacks held...so the blacks went on welfare.

Actually, the blacks moved up a notch. The Mexicans are the new nigga’s.


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Originally Posted by Guest

Nonsense. You're assuming that all of the illegals at hard working tax paying people. Many are not. And those who are working are holding jobs that US citizens would take.

I think you need to look up how GDP is calculated. By definition GDP is additive. If someone works and produces a good or service GDP goes up. Don't feel bad if you don't fully understand this calculation. Donald has shown he doesn't in interviews he has given. Of course this was a fundamental calculation in the economics degree he has from a top school (U of P). We all forget a lot of what we studied in college but I think it's dementia.

Originally Posted by Guest

I think you need to look up how GDP is calculated. By definition GDP is additive. If someone works and produces a good or service GDP goes up. Don't feel bad if you don't fully understand this calculation. Donald has shown he doesn't in interviews he has given. Of course this was a fundamental calculation in the economics degree he has from a top school (U of P). We all forget a lot of what we studied in college but I think it's dementia.

You just made the OP's point. "IF someone works...". As the OP stated, many don't.

Getting back to the actual subject of the thread....

"President Donald Trump seems to favor measuring his economic performance by the way in which the U.S. stock market is doing. However, a more revealing and less rosy measure of his economic performance might be coming from the currency markets.

Following an initial bump up in the dollar's value at the end of last year, on the prospect of a Trump presidency, the dollar has lost as much as 10 percent of its value since January 2017, Trump's inauguration. This sharp dollar decline suggests growing doubts on the part of currency traders as to the direction of U.S. economic policy.

The dollar's recent decline is particularly troubling, as it comes at a time when two historically very dollar-supportive factors are in play."

Access Denied

"The US dollar plunged during the European morning Wednesday, following a Bloomberg report that China is considering to slow or halt its purchases of US Treasuries. The declining appeal of US bonds, relative to other assets, and the trade tensions between the two nations were cited as the main reasons for this consideration, according to the report.

European Open Preview – Dollar trips on China-related reports but recovers; eurozone IP and ECB minutes eyed

Originally Posted by Guest

Getting back to the actual subject of the thread....

"President Donald Trump seems to favor measuring his economic performance by the way in which the U.S. stock market is doing. However, a more revealing and less rosy measure of his economic performance might be coming from the currency markets.

Following an initial bump up in the dollar's value at the end of last year, on the prospect of a Trump presidency, the dollar has lost as much as 10 percent of its value since January 2017, Trump's inauguration. This sharp dollar decline suggests growing doubts on the part of currency traders as to the direction of U.S. economic policy.

The dollar's recent decline is particularly troubling, as it comes at a time when two historically very dollar-supportive factors are in play."

Access Denied

"The US dollar plunged during the European morning Wednesday, following a Bloomberg report that China is considering to slow or halt its purchases of US Treasuries. The declining appeal of US bonds, relative to other assets, and the trade tensions between the two nations were cited as the main reasons for this consideration, according to the report.

European Open Preview – Dollar trips on China-related reports but recovers; eurozone IP and ECB minutes eyed

It's ALL theater. China isn't going to stop buying treasuries...we're their biggest customer...without us...they go out of business.

It's sound and fury signifying nothing.

"Money" is just a scam. There's as much as is needed...because they pull it out of thin air. They make it up as needed.

Originally Posted by Guest

You just made the OP's point. "IF someone works...". As the OP stated, many don't.

As long as one person works GDP will go up. It's a technical term and if you are going to use it you should look up and understand its meaning.

Originally Posted by Guest

As long as one person works GDP will go up. It's a technical term and if you are going to use it you should look up and understand its meaning.

You're missing his point...welfare doesn't count...they call it a "transfer" even though it's not. IF this country DIDN'T borrow over a $ trillion a year...+/- 25% of the budget...you COULD call it a transfer. But there ISN'T anything transferred to pay the poor. It's borrowed.

It's like saying you have a positive household budget...UNTIL you add in your dependent son or daughter who uses and doesn't produce...you MUST take out a loan to support them...but you don't count him/her as a loss to the family budget.

The numbers are "massaged". They mean nothing.

Originally Posted by Guest

As long as one person works GDP will go up. It's a technical term and if you are going to use it you should look up and understand its meaning.

Reading comprehension is obviously not your strong suit. I never used the term "GDP", did I?

Originally Posted by Guest

Reading comprehension is obviously not your strong suit. I never used the term "GDP", did I?

You didn't, I introduced GDP. However your response to me was :
Nonsense. You're assuming that all of the illegals at hard working tax paying people. Many are not. And those who are working are holding jobs that US citizens would take.

I didn't assume hard working or tax paying. Neither comes into the calculation of GDP.

Originally Posted by Guest

You didn't, I introduced GDP. However your response to me was :
Nonsense. You're assuming that all of the illegals at hard working tax paying people. Many are not. And those who are working are holding jobs that US citizens would take.

I didn't assume hard working or tax paying. Neither comes into the calculation of GDP.

I never made the assumption "that all of the illegals at(?) hard working taxpaying people." In fact, I clearly stated in my post that many are not.

To summarize the inference of my original post (which you obviously failed to comprehend), if you do not work, you do not produce and therefore do not contribute to the GDP. Welfare recipients do not 'produce' and therefore contribute NOTHING to the GDP.

Originally Posted by Guest

I never made the assumption "that all of the illegals at(?) hard working taxpaying people." In fact, I clearly stated in my post that many are not.

To summarize the inference of my original post (which you obviously failed to comprehend), if you do not work, you do not produce and therefore do not contribute to the GDP. Welfare recipients do not 'produce' and therefore contribute NOTHING to the GDP.

They DO "contribute"...by proxy...but it's "hidden". You see...ALL the companies and people do work for things that the poor get. So ALL the stuff the poor CONSUME is counted. Just not the fact that the government had to borrow to pay for it.