The government is the middle man, not the banks and this is why they want to raise teh taxes there all the time.

There are just way too many programs to fund-the social care for the old, the stimuluses for the young, defense, rising costs of living due to the EU economy doing not so well lately and the desire of the population to reach Western living standards and so on.

It's actually starting to get a little bit of a mess out there as far as I know but I'm damn sure one of the last things they will cut will be stimulus package for child care.

Sure. I guess, getting back to my point, the *way* we do the same thing means we can do things that would be disastrous for other nations. Like the banking crisis. We solved it with a really stupid idea where we just printed money and fed it to the banks. But most of our finance is not in the banks so it could not screw up half the economy. Europe tried the same trick but they do not do things like we do so they are still in a sovereign debt crisis many places.

I don't think you did the best thing wither.

Yes. TARP was very stupid. But we can get away with doing stupid things. Like I said...

I actually do think all those money you printed will come back at you and bite you in the ass some day when China or Russia decide to dump their dollar reserves ad send you into hyperinflation.

WEll, and I really do not mean this in a jingoistic way, they can't. Because nobody wants to trade in Yaun or Rubles.

And I told you that it might send you into hyperinflation soon enough. And you will be at the mercy of foreign powers for that. So you don't even have full control over the process now.

That's not entirely correct @Jym

All that will take for the US to go into hyperinflation will be for the EU to start trading in rubles.

Which we will do if Trump presses too hard and the English screw us over Brexit.

It then becomes-we, most of Asia and half of Africa and if the Russian and the Chinese decide to dump those dollars,

oh boy

It will HURT!

Oh. I guess I need to go into trade. The US does not really do it. By which I mean we are also the least globally connected economy on the planet. Imports make about 12% of USGDP and 2/3rds of that are N. America. The global trade network was never an integral part of the US economy. It was a bribe by us to get allies in the cold war. This being outside of the problems with attempting to establish a different exchange currency (of which there are several)

Like I said. We do things in a very weird way.

If the dollar looses its international stance you can no longer sustain that empire of yours Wallstreet built for you.

And then you are left basically in autarky.

Which will mean you will no longer be the first worldpower, too.

See above. It's not built on what they trade in most of the world. Not exactly Autarky but if one were to want autarky this would be the place to do it.

By any means TRY becoming an autarky, see what will happen in the most capitalistically oriented country in the world when you are forced on that path.

I don't even think the term 'Empire' is accurate as Empire extracted wealth from their overseas holdings. I think American Hegemony is a better term. Not that I am in favor of eaither.

I mean the prices of a ton of stuff would go up and you couldn't get the most lucrative contracts anywhere in the world any more.

You would also have to let go of those damn cheap Chinese goods, too.

Then, you would be forced to pay more for imports and prop up your industry again, well, that's exactly what trump wants, isn't it?

Scroll up. Goods not in the US, Mexico, or Canada only account for about 4% of our GDP. I do agree prices would go up. It's just that that would not matter much here.

But if prices go up you will loose wealth and living standard wouldn't you?

And your dirt poor will become, well, truly Third world poor.

Also there won't be that much money for social benefits or defense as there were before.

You will experience a fall in many key parameters for your wellbeing and some of the things you derive so pride of

Not by much. And again that is only in a scenario where the rest of the planet tries to crash our economy out of spite. It might actually be good for our poor as we would be forced to re-shore 4% of our supply chain.

like the great US army, your ability to travel on cheap fuel long distances, the house in the subs you so much dream of, the family barbeques at the pool, should I continue?

WE make cheap fuel here. I think at this point only SA has a lower full-cycle breakdown cost.

One of our big industrial pushes at this point is brining LNG terminals online so we can *export* cheap fuel.

Which, I mean is good for Hungary and the intermarium in general as after asia they are a target market for our energy *exports*. It was quite the topic at the last 3seas...

Which is to say I am not gloating over our position. Like I said we got here by doing some really retarded shit. Just off the top of my head we also love drugs and shooting each other more than most places. Just that it gives us a capacity to do things other nations can't.

The Russian gas is still far cheaper.

If you knew the situation here you would know our own nationalists hate your LNG because they think it is an attempt by Washington to extract money from our own economies and destroy the Russians in the long term.

So, it's not something I agree is a more valuable alternative and your current oil glut is still driven by technologies that utilize more expensive fuel sources than crude petrolium, so it's not as energy efficient as it was.

I believe the future is hydrogen derived from nuclear power but that's a whole different story.