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I drink your milkshake! a metaphor for capitalism
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<blockquote data-quote="rickyb" data-source="post: 2985249" data-attributes="member: 56035"><p>get out of america while you can! ive heard ALOT about this over the years. i keep trying to tell anyone i know either to not stay in canada, and dont immigrate to america. i feel like canada will be in a alot of trouble when oil is worthless.</p><p></p><p><a href="https://theintercept.com/2017/07/19/intercepted-podcast-veni-vidi-tweeti/" target="_blank">Intercepted Podcast: Veni, Vidi, Tweeti</a></p><p></p><p>Moreover, there are going to be implications for the United States. Most visibly, I think that when the dollar is no longer the world’s unchallenged preeminent, global reserve currency, the grand imperial game will be over. Look, what we’ve been able to do for the last twenty years is we send the world our nicely printed paper, tea notes, and they give us oil and automobiles and computers and technology. We get real goods and they get brightly colored paper. Because of the position of the dollar. <strong>When the dollar is no longer the global reserve currency, the cost of goods in the United States is going to skyrocket.</strong></p><p></p><p>We will not be able to travel the world as we do now. We won’t be able to enjoy the standard of living we do now. There will be lots of tensions that are going to occur in the society from what will be a major rewriting of the American social contract. This will not be pleasant. It’s possible, if we look back, we could see Trump’s election, and all of the problems of the Trump administration as one manifestation of this imperial decline.</p><p></p><p><strong>JS:</strong> All right well, Al McCoy, we’re going to leave it there. I really appreciate you joining us here on Intercepted.</p></blockquote><p></p>
[QUOTE="rickyb, post: 2985249, member: 56035"] get out of america while you can! ive heard ALOT about this over the years. i keep trying to tell anyone i know either to not stay in canada, and dont immigrate to america. i feel like canada will be in a alot of trouble when oil is worthless. [URL="https://theintercept.com/2017/07/19/intercepted-podcast-veni-vidi-tweeti/"]Intercepted Podcast: Veni, Vidi, Tweeti[/URL] Moreover, there are going to be implications for the United States. Most visibly, I think that when the dollar is no longer the world’s unchallenged preeminent, global reserve currency, the grand imperial game will be over. Look, what we’ve been able to do for the last twenty years is we send the world our nicely printed paper, tea notes, and they give us oil and automobiles and computers and technology. We get real goods and they get brightly colored paper. Because of the position of the dollar. [B]When the dollar is no longer the global reserve currency, the cost of goods in the United States is going to skyrocket.[/B] We will not be able to travel the world as we do now. We won’t be able to enjoy the standard of living we do now. There will be lots of tensions that are going to occur in the society from what will be a major rewriting of the American social contract. This will not be pleasant. It’s possible, if we look back, we could see Trump’s election, and all of the problems of the Trump administration as one manifestation of this imperial decline. [B]JS:[/B] All right well, Al McCoy, we’re going to leave it there. I really appreciate you joining us here on Intercepted. [/QUOTE]
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