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Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts

 
Sir Vaxxselot
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Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
It appears the walls of the Green New house come a tumbling down!

[link to truthpeep.com (secure)]
Democrats have officially destroyed the US Economy with their green new bullshit.


$7 a gallon gas predicted by end of year

Remember that fourth quarter GDP result that seemed manipulated? Well, I suspect the record setting trade deficit now being reported for January is an outcome of those pesky fourth quarter trade results being intentionally skewed by the withholding of December 2021 import data.

Additionally, methinks we are likely to get some increased economic clarity about why the White House needed Ukraine to become the big shiny thing with such urgency.

Just like everything else, geopolitical dynamics –especially those surrounding entrenched ideology– are always about the economics. Someone, eventually, always has to pay. Follow the money; there are trillions at stake.

First, keep in mind that missing Port of Los Angeles result from December as you review the import/export details:

(RooTERS) […] The goods trade deficit jumped 7.1% to an all-time high of $107.6 billion last month. Imports of goods increased 1.7%, led by food and motor vehicles. There were also large increases in imports of industrial supplies, capital and consumer goods. Imports of other goods, however, tumbled 15.3%.

Exports dropped 1.8%, weighed down by consumer goods, motor vehicles, food and other goods. But exports of capital goods and industrial supplies increased. Trade has been a drag on gross domestic product for six straight quarters.

Next up, inflation.

As we have outlined exhaustively, inflation comes in waves because inflationary costs flow like tides within the overall supply chain. The three stages are Origination (commodity), Intermediate (processing), and then Final (to wholesale).

Inflation on raw materials flows into the pricing, then layers of energy inflation overlap the material and labor costs, and eventually the final product exits with the full weight of higher costs embedded.

Additionally, the payment for goods has terms of 30, 60, 90 or 180 days depending on the sector. Pricing contracts are then reset with each new purchase order. Price increases can sometimes lag in this process depending on whether the retailer needs the proceeds from the ending sales to fill the banking exchange account and pay the supplier.

(Daily Mail) U.S. inflation will be even worse this year than expected, after the Federal Reserve’s primary inflation measurement hit its highest level in 40 years, according to a new report from Goldman Sachs.

The price of gasoline is a big variable. Current trends put the price of unleaded regular gasoline in the $6 to $7/gal range toward the end of this year.


[link to theconservativetreehouse.com (secure)]

Last Edited by LJS on 03/01/2022 11:34 AM
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
Anonymous Coward
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03/01/2022 08:30 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
It appears the walls of the Green New house come a tumbling down!

Democrats have officially destroyed the US Economy with their green new bullshit.


$7 a gallon gas predicted by end of year

Remember that fourth quarter GDP result that seemed manipulated? Well, I suspect the record setting trade deficit now being reported for January is an outcome of those pesky fourth quarter trade results being intentionally skewed by the withholding of December 2021 import data.

Additionally, methinks we are likely to get some increased economic clarity about why the White House needed Ukraine to become the big shiny thing with such urgency.

Just like everything else, geopolitical dynamics –especially those surrounding entrenched ideology– are always about the economics. Someone, eventually, always has to pay. Follow the money; there are trillions at stake.

First, keep in mind that missing Port of Los Angeles result from December as you review the import/export details:

(RooTERS) […] The goods trade deficit jumped 7.1% to an all-time high of $107.6 billion last month. Imports of goods increased 1.7%, led by food and motor vehicles. There were also large increases in imports of industrial supplies, capital and consumer goods. Imports of other goods, however, tumbled 15.3%.

Exports dropped 1.8%, weighed down by consumer goods, motor vehicles, food and other goods. But exports of capital goods and industrial supplies increased. Trade has been a drag on gross domestic product for six straight quarters.

Next up, inflation.

As we have outlined exhaustively, inflation comes in waves because inflationary costs flow like tides within the overall supply chain. The three stages are Origination (commodity), Intermediate (processing), and then Final (to wholesale).

Inflation on raw materials flows into the pricing, then layers of energy inflation overlap the material and labor costs, and eventually the final product exits with the full weight of higher costs embedded.

Additionally, the payment for goods has terms of 30, 60, 90 or 180 days depending on the sector. Pricing contracts are then reset with each new purchase order. Price increases can sometimes lag in this process depending on whether the retailer needs the proceeds from the ending sales to fill the banking exchange account and pay the supplier.

(Daily Mail) U.S. inflation will be even worse this year than expected, after the Federal Reserve’s primary inflation measurement hit its highest level in 40 years, according to a new report from Goldman Sachs.

The price of gasoline is a big variable. Current trends put the price of unleaded regular gasoline in the $6 to $7/gal range toward the end of this year.


[link to theconservativetreehouse.com (secure)]
 Quoting: Sir Vaxxselot


theconservativetreehouse.com

lol
Anonymous Coward
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03/01/2022 08:32 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
So you pined this bullshit economic doom thread of yours with your own karma, Fruitcake Jake?

Guess you think you're really bombshell kraken brilliant this morning.

epiclol
Anonymous Coward
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03/01/2022 08:36 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
Thanks, OP but you plagiarised the first part from:

[link to truthpeep.com (secure)]

laugh
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03/01/2022 08:36 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
i
t
s



d
a
 Quoting: Anonymous Coward 78542041


j
 Quoting: Anonymous Coward 78542041


e
 Quoting: Anonymous Coward 78542041


w
 Quoting: Anonymous Coward 78542041



s
 Quoting: Anonymous Coward 78542041


hesright
Sir Vaxxselot  (OP)

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03/01/2022 08:38 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
So you pined this bullshit economic doom thread of yours with your own karma, Fruitcake Jake?

Guess you think you're really bombshell kraken brilliant this morning.

epiclol
 Quoting: Anonymous Coward 76127043


Are you CIA trolls butthurt that the entire world

is waking up to democrats being the worst thing that ever

happened to America?
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
Thanks bone spurs!

Printing $7 TRILLION in 12 months, shuttering the economy, putting 30 MILLION out of work, overnight; and killing thousands with trumpicine, has consequences!

Thanks you globalist turd!
Anonymous Coward
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03/01/2022 08:40 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
So you pined this bullshit economic doom thread of yours with your own karma, Fruitcake Jake?

Guess you think you're really bombshell kraken brilliant this morning.

epiclol
 Quoting: Anonymous Coward 76127043


Are you CIA trolls butthurt that the entire world

is waking up to democrats being the worst thing that ever

happened to America?
 Quoting: Sir Vaxxselot


Piss off, Jake.

Nobody listens you your psychotic ranting and made up bullshit any more.
Sir Vaxxselot  (OP)

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03/01/2022 08:40 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
Thanks bone spurs!

Printing $7 TRILLION in 12 months, shuttering the economy, putting 30 MILLION out of work, overnight; and killing thousands with trumpicine, has consequences!

Thanks you globalist turd!
 Quoting: Anonymous Coward 81921048


Yeah Nice try, Biden and democrats are the single most

failed Political nightmare in US History

Thats why 30 democrats are not coming back to congress

and your poll numbers are hovering at 30#%
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
Sir Vaxxselot  (OP)

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03/01/2022 08:41 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
So you pined this bullshit economic doom thread of yours with your own karma, Fruitcake Jake?

Guess you think you're really bombshell kraken brilliant this morning.

epiclol
 Quoting: Anonymous Coward 76127043


Are you CIA trolls butthurt that the entire world

is waking up to democrats being the worst thing that ever

happened to America?
 Quoting: Sir Vaxxselot


Piss off, Jake.

Nobody listens you your psychotic ranting and made up bullshit any more.
 Quoting: Anonymous Coward 78770589


Yeah that's why you trash anybodies thread who calls you out for your total failures
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
Anonymous Coward
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03/01/2022 08:41 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
Thanks bone spurs!

Printing $7 TRILLION in 12 months, shuttering the economy, putting 30 MILLION out of work, overnight; and killing thousands with trumpicine, has consequences!

Thanks you globalist turd!
 Quoting: Anonymous Coward 81921048


Yeah Nice try, Biden and democrats are the single most

failed Political nightmare in US History

Thats why 30 democrats are not coming back to congress

and your poll numbers are hovering at 30#%
 Quoting: Sir Vaxxselot


LOL...look at this illiterate fuckwit.

Words are hard.

laugh
Sir Vaxxselot  (OP)

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03/01/2022 08:43 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
Thanks bone spurs!

Printing $7 TRILLION in 12 months, shuttering the economy, putting 30 MILLION out of work, overnight; and killing thousands with trumpicine, has consequences!

Thanks you globalist turd!
 Quoting: Anonymous Coward 81921048


Yeah Nice try, Biden and democrats are the single most

failed Political nightmare in US History

Thats why 30 democrats are not coming back to congress

and your poll numbers are hovering at 30#%
 Quoting: Sir Vaxxselot


LOL...look at this illiterate fuckwit.

Words are hard.

laugh
 Quoting: Anonymous Coward 78770589


Even a low Iq fukwit like you knows the Democrats are finished

epiclol
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
Anonymous Coward
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03/01/2022 08:43 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
Thanks bone spurs!

Printing $7 TRILLION in 12 months, shuttering the economy, putting 30 MILLION out of work, overnight; and killing thousands with trumpicine, has consequences!

Thanks you globalist turd!
 Quoting: Anonymous Coward 81921048


Yeah Nice try, Biden and democrats are the single most

failed Political nightmare in US History

Thats why 30 democrats are not coming back to congress

and your poll numbers are hovering at 30#%
 Quoting: Sir Vaxxselot


LOL...look at this illiterate fuckwit.

Words are hard.

laugh
 Quoting: Anonymous Coward 78770589


OP: "Them keyboards makes muh brain hurt"

lmao
Anonymous Coward
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03/01/2022 08:45 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
It’s called the Triffin Dilemma’tard.

Educate yourself.

[link to www.investopedia.com (secure)]
Anonymous Coward
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03/01/2022 08:46 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
Thanks bone spurs!

Printing $7 TRILLION in 12 months, shuttering the economy, putting 30 MILLION out of work, overnight; and killing thousands with trumpicine, has consequences!

Thanks you globalist turd!
 Quoting: Anonymous Coward 81921048


Yeah Nice try, Biden and democrats are the single most

failed Political nightmare in US History

Thats why 30 democrats are not coming back to congress

and your poll numbers are hovering at 30#%
 Quoting: Sir Vaxxselot


LOL...look at this illiterate fuckwit.

Words are hard.

laugh
 Quoting: Anonymous Coward 78770589


Even a low Iq fukwit like you knows the Democrats are finished


 Quoting: Sir Vaxxselot


And in his next post, OP will learn how to:

1. Use punctation

2. Spell 'fuckwit' and 'IQ'

3. Count to potato
Anonymous Coward
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03/01/2022 08:48 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
It’s called the Triffin Dilemma’tard.

Educate yourself.

[link to www.investopedia.com (secure)]
 Quoting: Anonymous Coward 82301481


That's a great reference but seriously, do you really think Fruitcake Jake has both the intellectual capacity and the reading comprehension skills to understand it?

I think not.
Sir Vaxxselot  (OP)

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Singapore
03/01/2022 08:49 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
It’s called the Triffin Dilemma’tard.

Educate yourself.

[link to www.investopedia.com (secure)]
 Quoting: Anonymous Coward 82301481


That's a great reference but seriously, do you really think Fruitcake Jake has both the intellectual capacity and the reading comprehension skills to understand it?

I think not.
 Quoting: Anonymous Coward 79107115


AC sounds like you are butthurt that you elected the

single most failed leadership in the history of the United States.
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
Anonymous Coward
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03/01/2022 08:52 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
It’s called the Triffin Dilemma’tard.

Educate yourself.

[link to www.investopedia.com (secure)]
 Quoting: Anonymous Coward 82301481


That's a great reference but seriously, do you really think Fruitcake Jake has both the intellectual capacity and the reading comprehension skills to understand it?

I think not.
 Quoting: Anonymous Coward 79107115


AC sounds like you are butthurt that you elected the

single most failed leadership in the history of the United States.
 Quoting: Sir Vaxxselot


LOL...look at that gibberish.

I rest my case.
Anonymous Coward
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03/01/2022 08:52 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
It’s called the Triffin Dilemma’tard.

Educate yourself.

[link to www.investopedia.com (secure)]
 Quoting: Anonymous Coward 82301481


That's a great reference but seriously, do you really think Fruitcake Jake has both the intellectual capacity and the reading comprehension skills to understand it?

I think not.
 Quoting: Anonymous Coward 79107115


Triffins dilemma is fascinating for its inevitable consequences.

And not one in a thousand is familiar with it.

Congrats to you for being aware!
Sir Vaxxselot  (OP)

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Singapore
03/01/2022 08:54 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
It’s called the Triffin Dilemma’tard.

Educate yourself.

[link to www.investopedia.com (secure)]
 Quoting: Anonymous Coward 82301481


That's a great reference but seriously, do you really think Fruitcake Jake has both the intellectual capacity and the reading comprehension skills to understand it?

I think not.
 Quoting: Anonymous Coward 79107115


AC sounds like you are butthurt that you elected the

single most failed leadership in the history of the United States.
 Quoting: Sir Vaxxselot


LOL...look at that gibberish.

I rest my case.
 Quoting: Anonymous Coward 79107115



You should know by now that shit doesn't work on me freak
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
Sir Vaxxselot  (OP)

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03/01/2022 08:55 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
Thread: The beginning of the end for biden
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
Anonymous Coward
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United States
03/01/2022 08:57 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
...


That's a great reference but seriously, do you really think Fruitcake Jake has both the intellectual capacity and the reading comprehension skills to understand it?

I think not.
 Quoting: Anonymous Coward 79107115


AC sounds like you are butthurt that you elected the

single most failed leadership in the history of the United States.
 Quoting: Sir Vaxxselot


LOL...look at that gibberish.

I rest my case.
 Quoting: Anonymous Coward 79107115



You should know by now that shit doesn't work on me freak
 Quoting: Sir Vaxxselot


lol
Anonymous Coward
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03/01/2022 08:59 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
...


That's a great reference but seriously, do you really think Fruitcake Jake has both the intellectual capacity and the reading comprehension skills to understand it?

I think not.
 Quoting: Anonymous Coward 79107115


AC sounds like you are butthurt that you elected the

single most failed leadership in the history of the United States.
 Quoting: Sir Vaxxselot


LOL...look at that gibberish.

I rest my case.
 Quoting: Anonymous Coward 79107115



You should know by now that shit doesn't work on me freak
 Quoting: Sir Vaxxselot


What shit.

Multisyllabic words and complete sentences?

epiclol
Anonymous Coward
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03/01/2022 09:02 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
Thanks bone spurs!

Printing $7 TRILLION in 12 months, shuttering the economy, putting 30 MILLION out of work, overnight; and killing thousands with trumpicine, has consequences!

Thanks you globalist turd!
 Quoting: Anonymous Coward 81921048


Yeah Nice try, Biden and democrats are the single most

failed Political nightmare in US History

Thats why 30 democrats are not coming back to congress

and your poll numbers are hovering at 30#%
 Quoting: Sir Vaxxselot


LOL...look at this illiterate fuckwit.

Words are hard.

laugh
 Quoting: Anonymous Coward 78770589


OP: "Them keyboards makes muh brain hurt"

lmao
 Quoting: Anonymous Coward 76116719


rofl5rofl5rofl5rofl5rofl5
Anonymous Coward
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03/01/2022 09:02 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
It’s called the Triffin Dilemma’tard.

Educate yourself.

[link to www.investopedia.com (secure)]
 Quoting: Anonymous Coward 82301481


That's a great reference but seriously, do you really think Fruitcake Jake has both the intellectual capacity and the reading comprehension skills to understand it?

I think not.
 Quoting: Anonymous Coward 79107115


AC sounds like you are butthurt that you elected the

single most failed leadership in the history of the United States.
 Quoting: Sir Vaxxselot


Please explain to me in detail how the Bretton Woods agreement has anything to do with joe biden?

Sir Vaxxselot  (OP)

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03/01/2022 09:04 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
Hey The democrats do have one part of the economy kicking

Thread: Potassium Iodide sold out on Amazon
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
Anonymous Coward
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03/01/2022 09:05 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
Hey The democrats do have one part of the economy kicking

Thread: Potassium Iodide sold out on Amazon
 Quoting: Sir Vaxxselot


yea, i notice you don't answer my question. Typical loonie tard.
Anonymous Coward
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United States
03/01/2022 09:06 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
It’s called the Triffin Dilemma’tard.

Educate yourself.

[link to www.investopedia.com (secure)]
 Quoting: Anonymous Coward 82301481


That's a great reference but seriously, do you really think Fruitcake Jake has both the intellectual capacity and the reading comprehension skills to understand it?

I think not.
 Quoting: Anonymous Coward 79107115


AC sounds like you are butthurt that you elected the

single most failed leadership in the history of the United States.
 Quoting: Sir Vaxxselot


Please explain to me in detail how the Bretton Woods agreement has anything to do with joe biden?


 Quoting: Anonymous Coward 76974524


Don't even bother. Look at what this genius is writing here - attempting to write in semi-literate sentence fragments.

We're likely dealing with a short busser here, so let's be nice and humor OP.
Sir Vaxxselot  (OP)

User ID: 79845980
Singapore
03/01/2022 09:07 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
Hey The democrats do have one part of the economy kicking

Thread: Potassium Iodide sold out on Amazon
 Quoting: Sir Vaxxselot


yea, i notice you don't answer my question. Typical loonie tard.
 Quoting: Anonymous Coward 76974524


yeah you are a moron, Biden Admin worst in US History

No need to prove myself..

Even democrats think Biden is a idiot
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
Anonymous Coward
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03/01/2022 09:07 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
There will be no need for gas by the end of the year.
Anonymous Coward
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03/01/2022 09:07 AM
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Re: Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While Biden-Inflation Estimates Now Double Previous Forecasts
Do you have a clue what the Reserve Currency status means? You do understand the Gold Std was replaced by the dollar, right? Countries can only print as much currency as they have dollars in the bank. We have to provide them with dollars so they can trade on the open market. We give them dollars by buying their worthless shit we don't need.

Just part of the agreement made long ago. But you know best tard, don't you?





GLP