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Comment Re:The real issue (Score 2) 159

With the house prices rising as they are, with all of the housing being bought up by hedge funds as it is, and with gen z never going to have enough money to buy homes... 100% of the cars are going to be owned by people who rent their homes, soon enough. And that's the best case scenario - since it's not obvious that gen z is going to be able to own cars even, maybe those will belong to hedge funds, too.

Comment Re:Dilemma (Score 0, Troll) 95

Or do what Bill does, build up a farmland and and intellectual property empire under the guise of "charity". Just yesterday we had this news when Bill called out Elon as the richest guy on Earth killing the poorest children on Earth... Bill mad because it's his job!

If he plans to give away his money... and he wants to eradicate polio... why not eradicate it himself? Why does he want the US govt to chip in to something that he could do himself without taking a noticable hit on his bottom line? Because he's only into it to make money, that's it.

When Oxford created a Corona vaccine, they were set out to give it away free. That was the right thing to do. In came Bill and convinced them to turn it into an orgy, milking billions of govt^W taxpayer money in a time of need. Bill could have footed the bill (no pun intended) of manufacturing and distributing the vaccine all over the world. That would have been a charity, and easy enough for him.

And lets not forget every time we see him in the news with them African kids... he's again solving their problems with an intellectual property venture. He's still the same evil Machiavellian mastermind he ever was.

Charity, English (US), noun. A tax avoidance and public relations scheme.

Comment Re:It could, but it won't yet (Score 5, Interesting) 153

The reason the dollar is going to lose the reserve currency status is not going to be national debt. Yes printing dollars is free money for the US, and while the world is not necessarily thrilled about being taxed like that, it's not a problem big enough to outweigh the benefits of having a reserve currency in the first place. But the team R fearmongering about debt is just talking point wank. Yes money printing in the US takes the form of issuing debt, so what. I will not care to digress too much into that here, because it's offtopic to my main point. But rest assured, all of the interest payments are paid simply by printing more money without consequence, and the US is nowehere near to where any problems may arise. Like, at least two orders of magnitude nowhere near.

In any case. The dollar got to be the reserve currency because the US was a major trade partner of pretty much everyone, and especially Europe, who built itself up after the war on US dollar loans, buying US industrial production. Of no less importance was the fact that in the US there was rule of law, so the environment there was reliable and predictable, and deposits there were safe. This made for a situation where it made sense for everyone to bank with the US, because you wanted to buy a lot from them, and since everyone else did, too, you could be certain that everyone else would always be happy to take your dollars, too.

Contrast this to now. The US only has a few sectors of significant trade left, and China is the major trade partner of everyone. The deposits in the US are no longer considered safe since they confiscated the holdings of Afghanistan and Russia - think whatever you want of those two, taking someones money is about as big a hole that you can shoot in your foot if you want everyone to bank with you. There is no going back from this, every country now has to take into account that if the US decides they don't like you, you can lose your money. The last straw now is of course the orange man, who has taken any premise of predictability and reliability out of the equation. The dollar system is a dead man walking, with no foundations left. Inertia is great of course, and change will take time, but the wheels are turning, and they're not turning back.

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