On Mon, 15 Feb 2016 00:06:33 -0600 Troy Benjegerdes <hozer@hozed.org> wrote:
Well, American exporters would be quite happy if the flight from the petro-dollar devalued the currency a bit. We could maybe sell some stuff then.
Are you saying that subsidizing american firms by robbing people who hold dollars is good? Well, of course it's good for the thieving assholes who get the subsidy...
The banksters are probably starting to figure out that student-loan debt-servitude is going to end quite badly unless we have a little real-world goods and wage inflation while the suckers who bought bonds are getting less than 1%.
Wage inflation? So you want people who work for a wage to earn less? And stuff to be more expensive?
The rest of the world is paying the fed to hold their money,
What?
and thankfully we've now got Bitcoin to keep anti-inflation quacks
So what are you? You sound like a pro inflation quack. Well quack is not best word. Though of course inflationists are poster children for economic bullshit, and their 'theories' are laughable nonsense. But calling them "quacks" kinda misses the point...
occupied with something shinier and easier to track than gold.
Besides, what's the point of trading in oil when we have mountains of corn to make into ethanol and a battery megafactory getting built to run a bunch of luxury self-driving cars?