Economy -US and Britain Survived Covid 2020 -2022 by Printing $$$

[Nowayhaha]

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Its not the end of Kenya the just need strong fiscal policies to survive current storm .

https://www.depledgeswm.com/depledge/the-us-printed-more-than-3-trillion-in-2020-alone-heres-why-it-matters-today/

[RV Heavy Hitter!]

It is very hard to feel economic crisis here in the USA because everything is as normal as it has been for decades. Boooming economy, jobs everywhere, people's standards of living improving each day, and wages, profits, capital gains always rising. They are now saying US economy is being threatened because there are no workers for fill millions of jobs open. Businesses have to overwork the few they have and folks are getting burned out because of too much work!

[Nowayhaha]

It is very hard to feel economic crisis here in the USA

[Nowayhaha]

Its not the end of Kenya the just need strong fiscal policies and monetary policiy to survive current storm .

https://www.depledgeswm.com/depledge/the-us-printed-more-than-3-trillion-in-2020-alone-heres-why-it-matters-today/

[RV Heavy Hitter!]

It is very hard to feel economic crisis here in the USA

I think we've heard bad news about US during Clinton, Bush, Obama, Trump, but nothing happened. For some reason, US economy tend to grow, reengineer itself, and constantly boom. In 2008, it was doomsday and the end of dollar if you read the news. In 2001-2002, it was the end of USA as we know it. In 2011 same; when Covid came in 2020-2021 it was the end of US as we know it as well. Having lived here during all those times, nothing has changed or felt any economic pain. 2001-2002 was all about the decline of US dollar, that is almost 20 years ago! Economy here is extremely stable, and so as the dollar, and institutions.

[Nowayhaha]

Lets stop the generalization


Elaborate on the following

1.In 2008, it was doomsday and the end of dollar
2.  In 2011 same
3. when Covid came in 2020-2021 it was the end of US as we know it as well.
4. 2001-2002 was all about the decline of US dollar, that is almost 20 years ago

It is very hard to feel economic crisis here in the USA

I think we've heard bad news about US during Clinton, Bush, Obama, Trump, but nothing happened. For some reason, US economy tend to grow, reengineer itself, and constantly boom. In 2008, it was doomsday and the end of dollar if you read the news. In 2001-2002, it was the end of USA as we know it. In 2011 same; when Covid came in 2020-2021 it was the end of US as we know it as well. Having lived here during all those times, nothing has changed or felt any economic pain. 2001-2002 was all about the decline of US dollar, that is almost 20 years ago! Economy here is extremely stable, and so as the dollar, and institutions.

[RV Pundit]

America has work ethic of Asia and freedoms of mwafrika hard to beat such economy. The root is American willingness to work like Asia yet free to do their shiet.Chinese n Japanese struggle to fit into US labour markets...that tell you USA ultra efficient economy not going anywhere

[Nowayhaha]

How about we speak the truth like U.S. economy growth has been fueled by Military products exports and fuel fossils .
Just like the truth that Kibakis era economic growth was fueled by Somali Piracy

America has work ethic of Asia and freedoms of mwafrika hard to beat such economy. The root is American willingness to work like Asia yet free to do their shiet.Chinese n Japanese struggle to fit into US labour markets...that tell you USA ultra efficient economy not going anywhere

[RV Kirgit]

USA biggest export is degeneracy well concealed under thin vineer of democracy and freedom.

Anyone who follow blindly get submerged in deep degerate swamp

[.]

USA biggest export is degeneracy well concealed under thin vineer of democracy and freedom.

Anyone who follow blindly get submerged in deep degerate swamp

This is the best comment on Nipate this week so far



No former superpower has ever PRINTED its way out of eventual collapse. Ask Weimar Germany.

Remember when the top US exports were Computers/Tech, High Value Aircraft (not just parts), High value manufacturing machinery and so on?
Now - like a typical third world country - US TOP exports are crude, raw natural resources like mboga na petroli

Isitoshe, EVEN THOSE exports (the vehicles, aircraft parts and so on especially) are DECLINING in absolute terms valuewise year on year.
In ten years time the only thing US will be exporting will be GAY and TRANSGENDER movies

Isapite

Ni hayo tu

[.]

Ati survive by printing USD

[Fairandbalanced]

[.]

There's a difference between an artificially low Yuan for export purposes by the world's largest trading nation versus a global RESERVE currency but oh..why do I even bother.
 

[Fairandbalanced]

[Kadudu]

Kindly inform us how the rest of the countries like China, North- & South Korea, Malaysia, Ghana, France etc survived Covid? Did they too print $$$?

[.]

China's dollar holdings (in treasuries) dropping BIG TIME. They dumped 17% of their portfolio in 2022 alone. I predict they will dump another 50% MINIMUM by end of this year (2023) but let's compare notes when the year's over. The FED itself is ALSO DUMPING TREASURIES hence the crazy interest rate spikes for them in the past year. Who will buy all these dumped treasuries? Even Nkooks - as wealthy and successful as he is - hawesmek buying them all. Dollar finito, baba. Take that to the bank.
https://rmegold.com/blog/china-continues-to-dump-dollars/

Yuan global usage rose a blistering 18.5% in 2020 and 26.6% in 2021. BRICs and allies (which comprise well over 70% of global population) are all headed to Yuan city.
https://www.thenationalnews.com/business/2023/04/05/chinas-yuan-gains-traction-as-international-trade-settlement-currency/

Chinese Yuan on track to become currency of choice for global trade
https://news.cgtn.com/news/2022-11-22/Chinese-yuan-on-track-to-become-currency-of-choice-for-global-trade-1fa0O02wUPC/index.html

What more do you need to be told, blathee? Ama tuongee kichinku (ni hao, ??/XieXie!) ndio usikie ?

Ni hayo tu

[sema]

Economy here is extremely stable, and so as the dollar, and institutions

Rv Heavy Hitter - it doesn't matter how much you tell people about the US. They don't want to believe. lol.

Even warren buffett warned people to never under-estimate the US of A.

I think it's because kenyans don't travel as much so their analysis is based on theoretical assumptions that they're reading about.

I've traveled. No where compares to the US not asia and not even europe; Only place I haven't been is Australia and everyone who's been there has told that's the only place that's as good as the US.  I'd also throw in canada (very nice place)

[.]

Economy here is extremely stable, and so as the dollar, and institutions

Rv Heavy Hitter - it doesn't matter how much you tell people about the US. They don't want to believe. lol.

Even warren buffett warned people to never under-estimate the US of A.

I think it's because kenyans don't travel as much so their analysis is based on theoretical assumptions that they're reading about.

I've traveled. No where compares to the US not asia and not even europe; Only place I haven't been is Australia and everyone who's been there has told that's the only place that's as good as the US.  I'd also throw in canada (very nice place)

Clearly you have not travelled much
Where in Europe and to what specific cities did you go to?
Where in Asia did you go to?
Have you even been to NYC, the de-facto financial capital of Hamellikwa? If yes, how would you compare the crumbling, rat and pee-filled, furnace-in-the-summer NYC subway (no air-con) built in the 1800s to Shanghai's Maglev (fastest train in the world) or to Hong Kong's MTR?
BROTHER PLEASE!!
Safiri kidogo ujionee. Wacha jokes ati "I have travelled" when your lack of knowledge about how crumbling US cities look compared to most other cities in Europe and Asia betrays you
How can a country which has not built EVEN ONE SINGLE MAJOR INFRA PROJECT SINCE THE 1980s be ati the "best place to be"? This is the sort of delusionality that's the norm in a country where a Will Smith slap is discussed by 99% of Hamellikwans as a subject of NATIONAL IMPORTANCE.

[Nowayhaha]

So traveling is a measure of knowledge .

Economy here is extremely stable, and so as the dollar, and institutions

Rv Heavy Hitter - it doesn't matter how much you tell people about the US. They don't want to believe. lol.

Even warren buffett warned people to never under-estimate the US of A.

I think it's because kenyans don't travel as much so their analysis is based on theoretical assumptions that they're reading about.

I've traveled. No where compares to the US not asia and not even europe; Only place I haven't been is Australia and everyone who's been there has told that's the only place that's as good as the US.  I'd also throw in canada (very nice place)

[RV Pundit]

US decline with either happen gradually or sharply like most super powers before it.
USSR woke up one day and it was done.
China are experts in disguise - so it hard to tell just how strong their economy is - and what they can unleash in short-time.
US and India rise will definitely re-balanced the world in a decade or so.
Kenya should re-align its goals with India and try to benefit from her.

US economy or living standards I doubt will regress - it's just their global dictatorship that will go away - as many countries wont listen to them.