Makes tons of sense now. Thanks. Yup, treat it as any other digital currency.
2 factors had me thinking, first our debt towards China is v massive and having them change their currency had me think it’d be deleterious for us.
2nd. Having it backed by gold where ours isn’t would also be a major blow.
Hmm i mean china really likes buying out debt actually. U know how I said china is devaluing its currency? Buying US debt is one way they do that.
As far as gold backing, it really doesn’t matter that much. It makes a currency more stable, sure, but the dollar is already really stable, so it doesn’t really challenge the US position in the foreign exchange market.
A note abt US debt to china: lets say u take out a loan. U pay it back in like a month and then a month later u come back for a loan. Again, u pay it back. The third time u go to take out a loan, the bank thinks “this guy has reliably paid us back every time he takes out a loan. If we increase the interest rate a little bit, we are basically guaranteed to make money.” U of course pay it back in about a month and then go back for a loan again. This continues for a year, and at the end of that year ur interest rates are crazy.
Now lets say in total u took out 100k over the year, right? If u had gone to the bank and just taken out a loan of 100k from the start, you might have gotten a 20% interest rate and owed 120k at the end of the year. Thats like 10k a month.
If u go with the month by month method, u might owe the bank 10k after the first month, but once they start raising the rates its gonna be more. At the end of the year u might only owe the bank like 18k for the last month, but over the year you have probably paid way more than 120k.
On the surface, being able to say “i only owe 18k” instead of being 120k in debt might look better. But once u consider that the 120k u owe at the end of the year is a lot less than what u would have paid back with the month by month method, it becomes clear that just taking out one big loan is the better option.
Essentially by not paying China back, the US is doing this. It looks bad, but its actually not as bad as people make it out to be.
No cap I think new Modern warfare campaign got me prepared for this war s*** on me 💯
Facts finna replay that s*** right now for a warm up
Back to back World War Champs ready to defend the title once again
Nigga we lost the last war we were in
boy you not built like the niggas who've seen their mothers and fathers limbs being ripped apart and siblings raped. when a person like that is out for revenge, they just wanna inflict pain and horror.
they're the scariest people on the planet. these are the same people who hop in a van and mow people down in times square.
None of that s*** matters to a gun
every US citizen is responsible for letting their governments ruin the world and mostly middle east for decades
every US citizen is responsible for letting their governments ruin the world and mostly middle east for decades
Not me
I didnt vote for these niggas
boy you not built like the niggas who've seen their mothers and fathers limbs being ripped apart and siblings raped. when a person like that is out for revenge, they just wanna inflict pain and horror.
they're the scariest people on the planet. these are the same people who hop in a van and mow people down in times square.
Scary until they get shot in the face.
IDGAF what they saw or how “scary” they are.
Guns don’t have feelings...
Not me
I didnt vote for these niggas
this is not about voting or not
US would be attacking the world no matter who won.
Obama was still killing innocent people too
Yall gotta hit the streets and protest that s***
but your people dont even care about their own kin so its really hard to blame but since we cant do s*** from here yall must be responsible for letting that s*** happen in your country.
Back to back World War Champs ready to defend the title once again
AMERICA F*** YEAH!!!!
this is not about voting or not
US would be attacking the world no matter who won.
Obama was still killing innocent people too
Yall gotta hit the streets and protest that s***
but your people dont even care about their own kin so its really hard to blame but since we cant do s*** from here yall must be responsible for letting that s*** happen in your country.
Don’t Care
every US citizen is responsible for letting their governments ruin the world and mostly middle east for decades
tell me what we did
this is not about voting or not
US would be attacking the world no matter who won.
Obama was still killing innocent people too
Yall gotta hit the streets and protest that s***
but your people dont even care about their own kin so its really hard to blame but since we cant do s*** from here yall must be responsible for letting that s*** happen in your country.
Niggas been protesting Trump since he took office.
Protests aint gone get a nigga out of office, especially cause his goons control half of congress
We just impeached the nigga and we still cant get him out cause the senate is rockin w him
tell me what we did
Nigga think some paper signs gone get this nigga up outta there
this is not about voting or not
US would be attacking the world no matter who won.
Obama was still killing innocent people too
Yall gotta hit the streets and protest that s***
but your people dont even care about their own kin so its really hard to blame but since we cant do s*** from here yall must be responsible for letting that s*** happen in your country.
no
Nigga think some paper signs gone get this nigga up outta there
imagine thinking were about to pull an MLK and Malcolm X all over again and its not even affecting us
they wont even let us kneel at football games watch when they catch us enrolling for ISIS
this is not about voting or not
US would be attacking the world no matter who won.
Obama was still killing innocent people too
Yall gotta hit the streets and protest that s***
but your people dont even care about their own kin so its really hard to blame but since we cant do s*** from here yall must be responsible for letting that s*** happen in your country.
If it was that easy America would be a god damn utopia