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  1. #2710
    Quote Originally Posted by Elvis2008  [View Original Post]
    You are looking at things with too narrow a lens. Commodities are priced in dollars. If the COP weakens, all commodities become more expensive, and the average Colombian is paying more for sugar, cotton, corn ETC.
    That's just not true. Ok, I will give you an opportunity to demonstrate that your correct. Please explain how a weakening COP exerts upward price pressure on the price of coffee. Or the price of a house in Huila.

  2. #2709
    Quote Originally Posted by ScatManDoo  [View Original Post]
    Do you, as the black man you assert to be, believe you would be more likely, or less likely, to be shot and killed by a police officer?
    Not likely as I see it. I have thought as much about being shot by a police officer as being shot by a flying spaghetti monster. Just not something I am concerned about. And I am from the south.

  3. #2708
    Quote Originally Posted by JustTK  [View Original Post]
    Yes, sure. Alaska could face a unilateral trade embargo from the richest nation on Earth, aimed at starving poor people to death so that they revolt and overthrow the government. That's possible. Then no doubt it too would struggle to maintain financial stability and independence.
    The USA isn't the European Union. If a state seceded from the Union, it means total war has broken out. It would be the total opposite of Brexit. I could never see states or the Federal government agreeing on letting a state leave the Union. The financial logistics would be a nightmare alone. With that being said, it would probably be in the states' best interest to have a different currency from the Nation it just fought a war against or peacefully seceded from as it would most likely want to be as independent as possible from the USA. An example of my point is the Soviet Union, most former soviet republics did not adopt the Russian Ruble, except for Belarus. They all formed their own currencies so they would no longer be sucking the tit of "Mother Russia" or not economically dependent on an unstable former superpower. Just my two cents, this isn't my area of expertise.

  4. #2707
    Quote Originally Posted by JustTK  [View Original Post]
    Apologies, I missed this point. No it doesn't. Not everything is internationalised. Think about Colombia. To the vast majority of the people, they don't give a shlt what the USD-COP exch rate.
    You are looking at things with too narrow a lens. Commodities are priced in dollars. If the COP weakens, all commodities become more expensive, and the average Colombian is paying more for sugar, cotton, corn ETC.

  5. #2706

    And what country

    Quote Originally Posted by JustTK  [View Original Post]
    https://www.grammarly.com/blog/simile/

    "You know you've spotted one when you see the words like or as in a comparison. ".

    I will pass your grammatical correction on to Mr E; it was his sentence.

    Am glad you know where I am from. Maybe you can also convince all the millions of fellow countrymen that live in abject poverty.
    In Sub Saharan Afrika is that?

  6. #2705
    Quote Originally Posted by JjBee62  [View Original Post]
    You're partially correct. Except there's no provision to remove anything from the Constitution, which is why another Amendment was needed to repeal prohibition.

    For a state to secede would require a 2/3 majority in both houses and ratification by 75% of the states.

    Secession probably see many other problems, besides currency. For one, the state wishing to secede would require international trade agreements to trade with any other state.

    Regarding your other post, you really need to turn off your TV. So much of your reply was fundamentally flawed, I don't know where to start. I'll touch on a few points.

    Canada is more diverse than the US. You should visit Toronto.

    From 2019-2020 the US debt increased by $5 T. Where was your and Fox News's outrage then?

    Wealthy white men don't fight wars. Those 600,000 deaths were not of wealthy men.

    There is nobody talking about free healthcare. The proposal is to remove, or greatly reduce, the approximately $3 trillion in annual corporate profit from the cost of healthcare. I'll happily explain in greater detail when I have more time.

    That wide open border, it's the same border we've had for a very long time. If it's such a huge risk to national security, how has the US survived?

    That's enough for 1 day.
    JBBJAY- I feel very let down and I was expecting much more from you, don't worry I am true believer in second chances. For this time at bat, you have clearly struck out.

    The history of European warfare is littered with wealthy noble heroes who have rallied entire armies of white men and led them through hell and back. Alexander the Great, George Patton, George Washington, Andrew Jackson, William the Conqueror, Leonidis, Thor and Odin "They were real right LOL" etc, etc, etc. Too many to list. Come on man, please be true to history and admit there have been an endless amount of wealthy white warriors. Yes, we all know most soldiers are middle / lower class, but plenty of successful white men have chosen a life in the military. As for the Civil War, the wealthy white men forced the poorer white men from the North to fight, they would have lost everything or most of everything if they were not able to conqueror the South before funding and public support in the North was lost, which was very close to happening for the first two years. All the South had to do was last long enough for the North to give up. Kind of classless to try and diminish the deeds of the upper class of America who wouldn't allow the South to keep their evil ways. Those guys were heroes, rich and poor. Both alike made sacrifices, yes the poor much more than the rich though.

    You are just flat wrong on Canada being more diverse than the USA, why even argue that in the first place? Why hate on your own country so much? Just be proud we find ways to work together and do things no other nation or people have ever been able to accomplish and against all odds. For example- our citizens coming from all different nationalities, races, ethnicities, LOL genders"2021", ages, etc. The African American population in Canada is around 3.5% I think. Somehow without even looking at statistics I want to say their Latino population is less than ours as well. Be proud bro.

    The border was far more secured under Trump and Obama too, surprisingly. And to dismiss the problems of the border is terrible negligence on your part. I don't forgive you on that as it's something I feel very strongly about. If you let millions of undocumented / unskilled immigrants into the country, they will work unskilled jobs and destroy the labor market. A hard working American man will get paid next to nothing because the supply will dwarf the demand and wages will be crushed. And if they do work, they don't pay taxes, not fair and fucks over Americans. Many of those immigrants will also have to send their children to public school which will increase taxes. Eventually those immigrants or their children who are born here will get the right to vote and they will most like vote Democrat which set Dems up to win the next few election cycles until their extremely left and liberal policies destroy the nation, kind of like they are doing now with inflation. The worst part of the border though is the cartels who profit off human trafficking and the drug trade. They are as powerful and rich as the governments of the countries they are from and this leads to those same latin American countries to be destabilized from extremely high rates of political corruption. It is a very good reason why Latin America tends to be much more economically weaker than the USA and Canada. If we allow millions of undocumented immigrants from Latin America, the same problems which are prevalent in their nations will eventually manifest within the United States, and when that happens- we are all fucked. LOL We will all be trying to immigrate back to Europe by then. Oh and the 120,000 drug related border deaths in the last 10 years also kind of sucks, the border is probably not the safest place to live in the USA. Better than St. Louis or Chicago though.

    The USA has and will survive, but the open border does not help Americans, and it should be America's choice as to what we do with our border. It should be regulated and immigration should be done fairly and securely. Biden has failed miserably and Kamala is even worse. Her latest interview was pathetic, a shell of a woman. Trump was crazy and not my first choice, but he did the interviews, fought hard through the toxicity from everyone, and still got the job done on what he said he would do, LOL most of the time. Kamala and Joe are weak puppets. Even Joe Manchin turned his back on their crazy spending plans.

    Please reply back and laugh off the caravans like Stephen Colbert did on his tv show and just dismiss them and the problems of the American workers. It will just create more division within the nation. Do you think Biden has done a better job at securing the border? You come off as your not concerned at all about border security even though people are ready to storm the capital over the issue.

  7. #2704
    Quote Originally Posted by MrEnternational  [View Original Post]
    According to TV, being a Black man I should have been shot and killed by police a long time ago, but I have not even had so much as traffic ticket in the last 21 years. Go figure.
    Do you, as the black man you assert to be, believe you would be more likely, or less likely, to be shot and killed by a police officer?

  8. #2703
    Quote Originally Posted by Nounce  [View Original Post]
    Isn't the same apply to Venezuela?
    Yes, sure. Alaska could face a unilateral trade embargo from the richest nation on Earth, aimed at starving poor people to death so that they revolt and overthrow the government. That's possible. Then no doubt it too would struggle to maintain financial stability and independence.

  9. #2702
    Quote Originally Posted by Nounce  [View Original Post]
    Do you think currency depreciation, inflation, interest rate are related?
    They can influence each other, sure. But interest rate is usually fixed by a central bank / government and any change is a manual adjustment. Same can be for currency exch rate. Depends if its fixed or floating.

  10. #2701
    Quote Originally Posted by Huacho  [View Original Post]
    SimILE /712;siməlē noun; a figure of speech involving the comparison of one thing with another thing of a different kind, used to make a description more emphatic or vivid (e. G. , as brave as a lion, crazy like a fox).
    Also, "me and you" don't hang together. You and I hang together. And you aren't from a developing country.
    https://www.grammarly.com/blog/simile/

    "You know you've spotted one when you see the words like or as in a comparison. ".

    I will pass your grammatical correction on to Mr E; it was his sentence.

    Am glad you know where I am from. Maybe you can also convince all the millions of fellow countrymen that live in abject poverty.

  11. #2700
    Quote Originally Posted by JustTK  [View Original Post]
    ...It is rich in resources, I am sure it could easily be financially independent....
    Isn't the same apply to Venezuela?

  12. #2699
    Quote Originally Posted by JustTK  [View Original Post]
    Apologies, I missed this point. No it doesn't. Not everything is internationalised. Think about Colombia. To the vast majority of the people, they don't give a shlt what the USD-COP exch rate. Sure, if they want to buy electronic goods, or a car imported from the USA. But most products they buy are locally produced.

    Now I know you will counter that the USD-COP rate will mean more tourists, plus cause upward pressure on property prices. Again, this impacts only a tiny fraction of the total domestic market. Very few foriegners are buying property outside of the big 3 or 4 cities, and even there they are in different price sectors to the majority.
    Do you think currency depreciation, inflation, interest rate are related?

  13. #2698
    Quote Originally Posted by JustTK  [View Original Post]
    Of course, this is the simile.

    "Just like me and you hanging together. I go eat some meat then I go with you to try to find vegetarian. ".

    Do you have to take exception to everything I write? And pretty much always you're wrong. It just makes you a completely iritating bore to exchange with.
    Sim·I·LE /712;siməlē noun; a figure of speech involving the comparison of one thing with another thing of a different kind, used to make a description more emphatic or vivid (e. G. , as brave as a lion, crazy like a fox).

    Also, "me and you" don't hang together. You and I hang together. And you aren't from a developing country.

  14. #2697
    Quote Originally Posted by Elvis2008  [View Original Post]
    No, the soundness of currency affects every business. Debt and currency go hand in hand.
    Apologies, I missed this point. No it doesn't. Not everything is internationalised. Think about Colombia. To the vast majority of the people, they don't give a shlt what the USD-COP exch rate. Sure, if they want to buy electronic goods, or a car imported from the USA. But most products they buy are locally produced.

    Now I know you will counter that the USD-COP rate will mean more tourists, plus cause upward pressure on property prices. Again, this impacts only a tiny fraction of the total domestic market. Very few foriegners are buying property outside of the big 3 or 4 cities, and even there they are in different price sectors to the majority.

  15. #2696
    Quote Originally Posted by Elvis2008  [View Original Post]
    I think El Salvador was until last year was based on the dollar and so is Ecuador. Are you going to say those countries are as secure investment wise as the USA? What is different about investing in those countries versus Alaska?
    No, the soundness of currency affects every business. Debt and currency go hand in hand. No one wants debt backed by Venezuelan Bolivars.
    I will give you one example. The amount that you can borrow to buy a home in the USA is for the most part set by the federal government. Banks will lend people money because if someone does not pay on their mortgage, the feds will take the hit not the bank. Before 2007, that was implied but after that it is known as fact.
    One of the things that did surprise me about Colombia JustTK is that they have a bit of a credit market. I talked to women who borrowed money to pay for school. On a personal level, I did not hear of anyone having taken out a loan in Peru, Argentina, Bolivia, Paraguay, or Brazil. I think that is because they could not get them. That is not a good thing by the way. Yes, it is not good to be in debt, but not having a healthy credit market is very, very bad.
    I can't talk for those countries in South America. But with most of them being left leaning, I find it hard to beleive that they do not have effective small business loan schemes. In Africa it is a very established system of "micro financing". Indeed one of the major goals of the BRICS is to secure easier access to loans that are not tied in to business wins for the West.

    You gave Venezuelan Bolivars as an example of a useless currency. Agreed its useless. But I don't agree its a very relevant example. Alaska could use the USD, or create a currency that is tied to the dollar. Panama does this, so does Belize. Malaysia was also doing it for a while (not sure if they still do). But Alaska would need to create its own banking system. It is rich in resources, I am sure it could easily be financially independent. All taxes raised (private and corporate) would be channelled back in to the state instead of "head office". I don't follow why they would not be able to maintain a property market with their own banking system. Catalonia expects to be able to do the same with Spain, Scotland could do the same with UK, I don't follow why a rich state like Alaska could not do it with the USA.

    I did a quick search on micro financing in South America, and there is loads of it:

    https://borgenproject.org/microfinance-in-bolivia/

    https://www.poverty-action.org/study...mmunities-peru

    https://www.ifc.org/wps/wcm/connect/...rate_site/news+and+events / ifc+promotes+microfinance+for+favelas+in+Brazil.

    https://www.lmdf.lu/en/what-is-micro...itutions-mfis/

    http://www.fundacionparaguaya.org.py...inance&lang=en

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