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whowasthatmaskedman · 70-79, M
The smart people are looking to spend as many $US as they can before the value halves..😷
Khenpal1 · M
@whowasthatmaskedman maybe down 25 % over 10 years
whowasthatmaskedman · 70-79, M
@Khenpal1 Major trading partners are selling down their T bonds and holding less reserve currency as they reduce/cut trade ties with the US. What happens next is the US holds the line on interest rates rising by buying its own T bonds with freshly printed $US, which leads to inflation, or hyperinflation if they keep it up. All on the back of reducing trade exports as agricultural deals on everything from grains to soy and meat all get cancelled or not renewed. The loss of the wine and liquor markets is already hurting California and Distillers.. But its income America really desperately needs.😷
Khenpal1 · M
@whowasthatmaskedman so fare If Trump stays away from Federal Reserve it seems ok. Neither Dollar or Euro can be printed at some guys whimp. If not a resobablel interest on debt could be 7 %, means they cant pay it back. So after 10 years it may reach 9 %, the end. No big deal , seal shell will be new currency.
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whowasthatmaskedman · 70-79, M
@Khenpal1 Actually we are doing a booming trade in our mid range wines in Canada now..😷
Khenpal1 · M
@whowasthatmaskedman In California their own goverment is wine enemy .
whowasthatmaskedman · 70-79, M
@Khenpal1 The US wine industry is a really complex mix of subsidy, patronage and taxation at both the state and federal levels. Too complex to peel away here and make sence of it..😷
Khenpal1 · M
@whowasthatmaskedman Its not something they can export, there is wine overproduction worldwide.
whowasthatmaskedman · 70-79, M
@Khenpal1 True. But China is an emerging market for wine. Aussie wineries have pushed over a $Billion in there in the last year.😷
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whowasthatmaskedman · 70-79, M
@Khenpal1 You really shouldnt generalize about a billion plus people. But as a market, their emerging middle class (who aspire to buy stuff) is larger than the US population.😷
Khenpal1 · M
@whowasthatmaskedman they fake everything , almost. Numbers , 4 dollars per h . India 60 % population under poverty line. If both countries reinvent 0 next 1000 years it will be biggest miracel.
whowasthatmaskedman · 70-79, M
@Khenpal1 As long as we keep getting the money. I dont care...😷