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kevinc5 03-10-2025 12:25 PM


Originally Posted by SonicFlyer (Post 3890757)
The government shouldn't be running airports, or airport security.

Each state should have its own Air Traffic Control. Freedom!

jdavk 03-10-2025 12:46 PM


Originally Posted by hummingbear (Post 3890872)
do you think this move creates an environment that empowers labor or management?

The RLA has always favored management by a LOT so whatever administration is in office is almost irrelevant for our negotiating cycles.

It was a Democrat president who shut down the short-lived AA strike several years back with a PEB, after all.

TechTanker 03-10-2025 12:53 PM


Originally Posted by jerryleber (Post 3890984)
If they want to fix the deficit why did they start with pennies? Why is the House budget $4.5T in the red from the start?

You know what, you’re absolutely right! We are already 4.5T in the whole so who cares about 120B to Ukraine. Who cares about billions to Israel or USAID. Who cares right? We just keep printing money like there’s no tomorrow. There will be absolutely no repercussions at all! (Sarcasm intended). EVERYWHERE!

[QUOTE\]Start with finding out why the $ is the reserve currency then ask yourself if starting fights with our allies and cozying up to our enemies will help with keeping it that way. Germany and Poland considering nuclear weapons ought to be a clue.[/QUOTE]

So Canada already imposing a 25% tariff on US goods going into Canada is okay? But we can’t impose the exact same tariff? Yea right.

Umm Do you believe everything CNN tells you? Poland doesn’t even have Nuclear weapons…..

TechTanker 03-10-2025 01:10 PM


Originally Posted by jerryleber (Post 3890984)
If they want to fix the deficit why did they start with pennies? Why is the House budget $4.5T in the red from the start?

You know what, you’re absolutely right. Its only pennies to the dollar so we should just give Ukraine another 120B. While we’re at it let’s give a few more Billion to Israel and USAID. While we’re at it, why don’t we give more money to NATO too and continue giving more than any other country. Who cares, it’s just pennies right? Sarcasm intended. EVERYWHERE.


Originally Posted by jerryleber (Post 3890984)
Start with finding out why the $ is the reserve currency then ask yourself if starting fights with our allies and cozying up to our enemies will help with keeping it that way. Germany and Poland considering nuclear weapons ought to be a clue.

So Canada can keep imposing a 25% or more tariff on goods going into Canada? That’s really fair! Yea we should just let them take advantage of us!

Iran is considering Nuclear weapons too? What’s your point?

jerryleber 03-10-2025 01:24 PM

The U.S. dollar became the world's primary reserve currency for several reasons, with historical, economic, and geopolitical factors playing a significant role. Here are some of the key reasons:

1. Bretton Woods Agreement (1944)

  • After World War II, the global economic system needed rebuilding, and the Bretton Woods Conference in 1944 established the U.S. dollar as the world's reserve currency. The agreement pegged other currencies to the dollar, which was in turn pegged to gold at $35 per ounce.
  • The U.S. had the largest gold reserves at the time, making the dollar a safe and stable choice for international transactions.

2. Economic Strength of the United States

  • After WWII, the U.S. emerged as the world's largest and most powerful economy. It had the most developed infrastructure, the largest industrial base, and a strong financial system.
  • The U.S. also had a relatively low debt-to-GDP ratio at the time, which gave international investors confidence in the stability of the dollar.

3. Global Trade and Finance

  • The U.S. became a hub for international trade and finance. Most global trade, especially in commodities like oil, is priced in U.S. dollars.
  • International businesses and governments hold dollar-denominated assets (like U.S. Treasury bonds) as a form of insurance against currency volatility and economic instability.

4. Liquidity and Depth of U.S. Financial Markets

  • The U.S. has the deepest and most liquid financial markets, especially in Treasury bonds, which are considered one of the safest investments in the world. This makes the dollar a preferred currency for central banks and investors around the world.
  • The U.S. financial system is vast, open, and highly integrated into global markets, allowing for easy trade and investment in dollars.

5. Geopolitical Power

  • The U.S. has been the dominant global military and political power for decades, which reinforces the use of the dollar in international relations. Countries are often more willing to hold and trade in a currency issued by a stable, powerful nation.
  • The U.S. also uses its control over the dollar to exert influence, such as through sanctions, which have led many countries to keep large reserves in dollars to avoid potential financial disruptions.

6. Confidence in U.S. Institutions

  • The U.S. government, Federal Reserve, and other institutions have established strong credibility over time. Their policies have generally been seen as stable, which encourages other nations to trust the U.S. dollar for international transactions and reserves.

7. Network Effects

  • The more countries that use the dollar, the more beneficial it becomes for others to use it as well. As international transactions are conducted in dollars, businesses and governments are incentivized to hold dollars and use them in trade, creating a self-reinforcing cycle.
While the U.S. dollar is the dominant global reserve currency, there has been growing discussion about diversifying reserve currencies, especially as China and other emerging markets seek alternatives to the dollar. However, the dollar remains deeply embedded in global finance due to these historical and institutional factors.

worstpilotever 03-10-2025 02:09 PM


Originally Posted by TechTanker (Post 3890945)
Guys, TDSers and MAGA, we are hemorrhaging TRILLIONS of dollars every year. We can’t keep this up. Eventually lenders won’t lend the Government any money and we can only print so much before inflation goes insane.

I honestly don’t care if we go into a recession or not. We cannot sustain this level of spending. Governments have gone “bankrupt” before, the Weimar, Argentina, Greece. It can happen here too. A recession is temporary. Losing our position as the dollar being the worlds reserve currency would be devastating and take decades if ever before we could get it back.

There is more at stake than KCM and USAID and China is nipping at our heels.

So you are opposed to a mulit-trillion dollar tax cut aimed mostly at the richest in the country?

at6d 03-10-2025 03:17 PM


Originally Posted by jerryleber (Post 3890984)
Germany and Poland considering nuclear weapons ought to be a clue.

Guess what other eastern block country used to have nukes? Ukraine. That’s another reason the USA is there. Fortunately, not our standing Army. Yet.

Buck Rogers 03-10-2025 04:02 PM


Originally Posted by at6d (Post 3891055)
Guess what other eastern block country used to have nukes? Ukraine. That’s another reason the USA is there. Fortunately, not our standing Army. Yet.

Please correct me if I'm wrong here, pulling it outta me ole' arse but I read this somewhere. Ukraine gave up those nuke's and the other side of the provision prevented NATO from expanding their eastward expansion. Since Ukraine relinquished their nukes, as part of that agreement, NATO has expanded it's eastern expansion with the inclusion of maybe 8 extra countries. Some of them even contiguous to Russia.

Not trying to spead disinformation if incorrect, but I don't care enough to GoogleFu it.

But if true, or partially true, I could see where Russia is pizzed. Doesn't warrant invasion by Russia of Ukraine from a Westerners viewpoint, but then again, they have a different perspective.

Cuban missile crisis anybody?

Spesiellsporing 03-10-2025 04:02 PM


Originally Posted by at6d (Post 3891055)
Guess what other eastern block country used to have nukes? Ukraine. That’s another reason the USA is there. Fortunately, not our standing Army. Yet.

The Budapest Memorandum.

Spesiellsporing 03-10-2025 04:12 PM


Originally Posted by Buck Rogers (Post 3891069)
Please correct me if I'm wrong here, pulling it outta me ole' arse but I read this somewhere. Ukraine gave up those nuke's and the other side of the provision prevented NATO from expanding their eastward expansion. Since Ukraine relinquished their nukes, as part of that agreement, NATO has expanded it's eastern expansion with the inclusion of maybe 8 extra countries. Some of them even contiguous to Russia.

Not trying to spead disinformation if incorrect, but I don't care enough to GoogleFu it.

But if true, or partially true, I could see where Russia is pizzed. Doesn't warrant invasion by Russia of Ukraine from a Westerners viewpoint, but then again, they have a different perspective.

Cuban missile crisis anybody?

Russia’s distrust of NATO stems from the Cold War. Now, NATO is a blockade for any Russian/Putin attempts to reconstitute the USSR. I guess honoring sovereign borders is becoming a thing of the past. Even our Dear Leader is disputing the Canadian border.




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