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stockstradr
ParticipantWe did something kinda similar, but it was only two months, not a full year.
My wife and I backpacked through Western Europe for two months prior to our beginning to start having children (Now, a year later we just had our first child)
Back then we decided to just go foward with planning and force our employers to give us that two months off, no matter the career cost. We so DO NOT regret that.
Looking back there are so very few opportunities in our lives to take that dream adventure vacation involving several months or more. Often you just have to make the opportunity in your life to do it.
My only regret? We should have instead taken off SIX MONTHS traveling through Europe!
Our favorite memory of travling in Western Europe?
Hiking in the Swiss Alps!
ParticipantWe did something kinda similar, but it was only two months, not a full year.
My wife and I backpacked through Western Europe for two months prior to our beginning to start having children (Now, a year later we just had our first child)
Back then we decided to just go foward with planning and force our employers to give us that two months off, no matter the career cost. We so DO NOT regret that.
Looking back there are so very few opportunities in our lives to take that dream adventure vacation involving several months or more. Often you just have to make the opportunity in your life to do it.
My only regret? We should have instead taken off SIX MONTHS traveling through Europe!
Our favorite memory of travling in Western Europe?
Hiking in the Swiss Alps!
ParticipantI also today emailed both senators and also my representative.
I have contempt for any American who complains about poor government but doesn’t voice their opinion and at least try to motivate change
ParticipantI also today emailed both senators and also my representative.
I have contempt for any American who complains about poor government but doesn’t voice their opinion and at least try to motivate change
ParticipantI also today emailed both senators and also my representative.
I have contempt for any American who complains about poor government but doesn’t voice their opinion and at least try to motivate change
ParticipantI also today emailed both senators and also my representative.
I have contempt for any American who complains about poor government but doesn’t voice their opinion and at least try to motivate change
ParticipantI also today emailed both senators and also my representative.
I have contempt for any American who complains about poor government but doesn’t voice their opinion and at least try to motivate change
ParticipantUS cannot and will not default on its debt. That debt is denominated in US dollars and we own the printing press.
this is absolutely correct!
Also, esmith is completely correct that inflating our way out of debt is NOT the same as defaulting on debt.
ParticipantUS cannot and will not default on its debt. That debt is denominated in US dollars and we own the printing press.
this is absolutely correct!
Also, esmith is completely correct that inflating our way out of debt is NOT the same as defaulting on debt.
ParticipantUS cannot and will not default on its debt. That debt is denominated in US dollars and we own the printing press.
this is absolutely correct!
Also, esmith is completely correct that inflating our way out of debt is NOT the same as defaulting on debt.
ParticipantUS cannot and will not default on its debt. That debt is denominated in US dollars and we own the printing press.
this is absolutely correct!
Also, esmith is completely correct that inflating our way out of debt is NOT the same as defaulting on debt.
ParticipantUS cannot and will not default on its debt. That debt is denominated in US dollars and we own the printing press.
this is absolutely correct!
Also, esmith is completely correct that inflating our way out of debt is NOT the same as defaulting on debt.
ParticipantWhen we say dollar will decline, are we saying that it is against just the ‘real’ stuff like gold/oil/houses, or also against other (fiat) currencies.
I’m not sure if your question is rhetorical? (If it isn’t and you really do not have an understanding of the most basic concepts in economics, then suggest you take a community college course in introductory economics)
A decline in the dollar is another way of saying we’ll have inflation. By definition, most things will cost more in nominal dollars. If your salary does NOT keep pace with that inflation (and it won’t for most Americans) then your standard of living will be falling. However, I’m also implying I believe the dollar will fall dramatically in value relative to a basket of foreign currencies. If the dollar is worth less in Chinese RMB, then one would expect every item imported from China will cost more in dollars.
Money is subject to the laws of supply and demand, just like everything. This is why Zimbabwe has hyperinflation. Let’s say that Zimbabwe had one trillion Zimbabwe “dollars” of their currency in circulation. The government leaders wanted to buy more things, pay salaries (and bribes) but obviously they didn’t have any sufficient positive net monetary in-flows. So they literally just printed money, and used that. When they, for example, double the amount of Zimbabwe dollars in circulation from one trillion to two trillion, guess what happens to the prices of everything? Do the math.
We are kinda saying the same thing could happen with the dollar, with shocks from both sides: 1) our government has in fact started printing money now, adding billions into circulation. 2) The world is trading out of dollars, dumping dollars for other currencies. This effectively INCREASES the amount of dollars per capita for those still using dollars, and increases the available dollars in circulation because of a glut of dollars in circulation for fewer dollar transactions.
ParticipantWhen we say dollar will decline, are we saying that it is against just the ‘real’ stuff like gold/oil/houses, or also against other (fiat) currencies.
I’m not sure if your question is rhetorical? (If it isn’t and you really do not have an understanding of the most basic concepts in economics, then suggest you take a community college course in introductory economics)
A decline in the dollar is another way of saying we’ll have inflation. By definition, most things will cost more in nominal dollars. If your salary does NOT keep pace with that inflation (and it won’t for most Americans) then your standard of living will be falling. However, I’m also implying I believe the dollar will fall dramatically in value relative to a basket of foreign currencies. If the dollar is worth less in Chinese RMB, then one would expect every item imported from China will cost more in dollars.
Money is subject to the laws of supply and demand, just like everything. This is why Zimbabwe has hyperinflation. Let’s say that Zimbabwe had one trillion Zimbabwe “dollars” of their currency in circulation. The government leaders wanted to buy more things, pay salaries (and bribes) but obviously they didn’t have any sufficient positive net monetary in-flows. So they literally just printed money, and used that. When they, for example, double the amount of Zimbabwe dollars in circulation from one trillion to two trillion, guess what happens to the prices of everything? Do the math.
We are kinda saying the same thing could happen with the dollar, with shocks from both sides: 1) our government has in fact started printing money now, adding billions into circulation. 2) The world is trading out of dollars, dumping dollars for other currencies. This effectively INCREASES the amount of dollars per capita for those still using dollars, and increases the available dollars in circulation because of a glut of dollars in circulation for fewer dollar transactions.
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