Trump says he bombed Iran

[andy06shake]

Yeah i can see where your coming from, yet whayt one need to remember is the Yanks (actually) have the printing presses to make the Dollars. They knock em up. All they got to do is print a bit more then everybody's happy including Trump and is beef burgers supply. In addition to which the Mullahs don't get as much bang for their newly acquired buck as they planned.

Again, that's unsustainable.

The US can print dollars, but it causes inflation and weakens confidence.

It's not free wealth.

Oil trade, sanctions, and shipping risk depend on physical control and insurance, not currency creation.

And printing more dollars doesn't create real resources.

All it serves to achieve is to ultimately reduce purchasing power.

[Orby]

You'd replace the "Iranian Revolutionary experiment" with some sort of colonialism, which we all know has been a string of historical failures?

The Iranian governmental system is a democratic constitutional and largely secular assembly, with an elected President, but also with a constitutional theocratic head of state. A little bit like England, with a democratic constitutional parliamentary system, with an elected Prime Minister, but with a constitutional monarch as head of state.

Colonialism................. A String of historical fauilures? WTHeck do you not see the most powerful nation the world ever seen the USA is a colonial experiment? As is pretty much everything in the Americas. India did pretty well out of our rule, we gave them western wonders like railways, telephone lines, legal syatems, denim jeans. It went a bit iffy with Africa yet if youve ever tried to employ one you soon realise you were up against it. We didn't import a load of south asians into east africa and southern africa to build our railways for no reason you understand  , I'd class RSA as a decent example of colonialism though, maybe Zambia too, Botswana also. What of Israel? They don't like to admit as being a colonial experiment, yet by bringing in western civilisation and progress they've turned a backwards desert run by the Turk, into the dominant military power in the whole Middle East. In 80 years. Colonialism can work. Good for the natives too. They all take to, indeed love cricket when you teach them how it works. I couldn't help but be amused by those Iraqi's last night in their footie game against Norway. They''ve learnt how to play the game. Actually they were pretty good, kept running around too with a real enthusiasm for this new game we've given them. I've been amused by the Iraqi team all morning.

[Orby]

Again, that's unsustainable.

The US can print dollars, but it causes inflation and weakens confidence.

It's not free wealth.

Oil trade, sanctions, and shipping risk depend on physical control and insurance, not currency creation.

And printing more dollars doesn't create real resources.

All it serves to achieve is to ultimately reduce purchasing power.

Then print a little more. I can't see the problem. Give the man what he wants.

[andy06shake]

Then print a little more. I can't see the problem. Give the man what he wants.

It's evident that you cannot see the problem, Orby.

But that doesn't mean it does not exist.

Printing more dollars increases the money supply, which reduces purchasing power and causes inflation.

It also weakens confidence in the currency and creates long-term economic instability. 

Thats just simple economics 101...

[Orby]

It's evident that you cannot see the problem, Orby.

But that doesn't mean it does not exist.

Printing more dollars increases the money supply, which reduces purchasing power and causes inflation.

It also weakens confidence in the currency and creates long-term economic instability. 

Thats just simple economics 101...

Thanks for explainning it Andy. I gave up economics half way through the term (think this is a real memory, never sure), some chap kept prjecting these weird L shapes with curves on the wall and they made no sense whatsoever yet all looked the same. Total nonsense to me, couldn't get the brain around it. To me if I'm getting a taxi I don't argue with the driver, I just give the man what he wants. Then everybodies happy. That's how i understand it anyway

[andy06shake]

Thanks for explainning it Andy. I gave up economics half way through the term (think this is a real memory, never sure), some chap kept prjecting these weird L shapes with curves on the wall and they made no sense whatsoever yet all looked the same. Total nonsense to me, couldn't get the brain around it. To me if I'm getting a taxi I don't argue with the driver, I just give the man what he wants. Then everybodies happy. That's how i understand it anyway

I wish the world worked like that also, Orby...

Unfortunately its a tad more complex.

But printing more money doesn't make a society richer.

Mainly because money itself isn't really wealth. 

It's a tool to trade for actual goods and services.

A necessary evil if we ever wish to get anything done...

[chr0naut]

Yeah i can see where your coming from, yet whayt one need to remember is the Yanks (actually) have the printing presses to make the Dollars. They knock em up. All they got to do is print a bit more then everybody's happy including Trump and is beef burgers supply. In addition to which the Mullahs don't get as much bang for their newly acquired buck as they planned.

Yeah, but how do you manage to live if the basics (a loaf of bread, a quart of milk, a dozen eggs) cost millions of dollars each? - When a piece of bread could buy a bag of gold?

And by the time you have gone and collected these newly printed '100 million dollar notes' from the bank, they are of even less value, faster than new notes can be printed, and faster than you can pick them up?

Hyperinflation - Wikipedia

[Oldcarpy2]

News conference just now with Modi he just committed the US to defend India if attacked.....even against Pakistan which has nukes?

Is that wise?

[andy06shake]

News conference just now with Modi he just committed the US to defend India if attacked.....even against Pakistan which has nukes?

Is that wise?

I suppose it depends entirely on what he meant by "defend."

But tangling America up in another possibly dangerous conflict, with nuclear-armed neighbors no less, seems unwise in the extreme.

[Oldcarpy2]

I think he said something like "if anyone attacks you we'll be there"?