Elon Musks says Democrats are the reason China is overtaking USA

[KennyPowers]

'China rocks': Elon Musk praises Chinese electric car-making workers and says 'entitled and complacent' Americans are now taking things for granted after 'winning for too long'
https://www.dailymail.co.uk/news/article-8587997/Elon-Musk-praises-Chinese-workers-slams-Americans-entitled.html



He compared California and New York to professional sporting teams about to lose their winning status.

'When you've been winning for too long you sort of take things for granted. The United States, and especially like California and New York, you've been winning for too long,' he said.

'When you've been winning too long you take things for granted. So, just like some pro sports team they win a championship you know a bunch of times in a row, they get complacent and they start losing.'



'The energy in China is great. People there, there's like a lot of smart, hard working people. And they're really, they're not entitled, they're not complacent.

'Whereas I see in the United States increasingly much more complacency and entitlement especially in places like the Bay Area, and LA and New York.'

Musk said the United States was now taking things for granted after 'winning for too long'.

[imdaman99]

https://i.redd.it/sdc2xzkbr4151.jpg

[Shogon]

He's factually incorrect.

America finally and fully severed ties with the gold standard ever since like what? 1971?

This is not a partisan issue. The Untied States is fiscally reckless and has been for many, many years. They're running a ponzi scheme on other nations who are also complicit because it means they get to print their way into oblivion also.

The government spends too much money on military bullshit... WAY too much... and too much money on social programs for people who are too lazy to work. And because of this, we are a failed state. Sure, there are other contributing factors, and the tide of the democratic party is quickly turning into looney tunes central... but it's not their fault.

It's everyone's fault.

It's the public's fault for not being educated on monetary policy and being largely clueless af, just like Elon Musk has displayed himself to be on this issue.

There are less than? 5? 5 posters on this site that understand the implications of our monetary policy... 5 tops... that's me being too generous.

The Chinese and the Russians aren't stockpiling gold for no reason.

[Stanley Kobrick]

actually elon...

[Shogon]

actually elon...


https://www.youtube.com/watch?v=21gaUp1DvVs

[Patrick Chewing]

I like this guy Elon.

[DoctorP]

Duh, Thanks for being obvious , Mr. Musk.

[falc39]

Elon is stating the obvious. The problem is that it is actually a lot worse.

People here are brainwashed into thinking China is the problem. Because of that, there is little chance people will spend any energy trying to fix the actual problems. It’s a victimizing on a national scale.

[DoctorP]

Funny thing is the Chinese economy is tanking right now :lol

[Shogon]

Funny thing is the Chinese economy is tanking right now :lol

Essentially every country is linked to the U.S. dollar. Between covid and that fact, everyone is going to feel the squeeze.

[DoctorP]

Essentially every country is linked to the U.S. dollar. Between covid and that fact, everyone is going to feel the squeeze.

Globalisms.

[Stanley Kobrick]

technically, elon..

[Overdrive]

He's factually incorrect.

America finally and fully severed ties with the gold standard ever since like what? 1971?

This is not a partisan issue. The Untied States is fiscally reckless and has been for many, many years. They're running a ponzi scheme on other nations who are also complicit because it means they get to print their way into oblivion also.

The government spends too much money on military bullshit... WAY too much... and too much money on social programs for people who are too lazy to work. And because of this, we are a failed state. Sure, there are other contributing factors, and the tide of the democratic party is quickly turning into looney tunes central... but it's not their fault.

It's everyone's fault.

It's the public's fault for not being educated on monetary policy and being largely clueless af, just like Elon Musk has displayed himself to be on this issue.

There are less than? 5? 5 posters on this site that understand the implications of our monetary policy... 5 tops... that's me being too generous.

The Chinese and the Russians aren't stockpiling gold for no reason.

The gold standard is done, though. It used to be the indicator for a countries wealth. What I agree is that stocking resources, and gold is a pretty valueable one will help those countries, while others lay their fate into the hands of intagible values that create bubbles in loops that can burst anytime. The moment China isn't dependant on the US buying their cheap junk anymore the US is done.

As I said in another thread the capitalism of the US, which ultimately means if you can't raise the margin by raising a product's price you need to lower the labour costs led China to be that powerful and wealthy acquiring anything they need and giving out lowns to other countries in Asia, who they more or less own due to debt.

[MrFonzworth]

actually elon...

:roll::roll::roll:

[FourthTenor]

The gold standard is done, though. It used to be the indicator for a countries wealth. What I agree is that stocking resources, and gold is a pretty valueable one will help those countries, while others lay their fate into the hands of intagible values that create bubbles in loops that can burst anytime. The moment China isn't dependant on the US buying their cheap junk anymore the US is done.

As I said in another thread the capitalism of the US, which ultimately means if you can't raise the margin by raising a product's price you need to lower the labour costs led China to be that powerful and wealthy acquiring anything they need and giving out lowns to other countries in Asia, who they more or less own due to debt.

So capitalism raised the standard of living in the US and then it did the same for China?

Good deal.

Ill admit tho I do wish to some extent we should stop doing business entirely with any remaining third world countries. There are still places that have somewhat intact wildlife habitats, which are quickly shrinking due to human expansion and industrialization.

We dont need the whole world to look like the west culturally, and we dont need more humans. We got seven billion. Let people live in the traditional lifestyles theyve led for millennia. Stop spamming pharmaceuticals and guns and nabisco crackers into every corner of the globe.

But ofc it wont stop. Bc theres money to be made.

[Shogon]

The gold standard is done, though. It used to be the indicator for a countries wealth. What I agree is that stocking resources, and gold is a pretty valueable one will help those countries, while others lay their fate into the hands of intagible values that create bubbles in loops that can burst anytime. The moment China isn't dependant on the US buying their cheap junk anymore the US is done.

As I said in another thread the capitalism of the US, which ultimately means if you can't raise the margin by raising a product's price you need to lower the labour costs led China to be that powerful and wealthy acquiring anything they need and giving out lowns to other countries in Asia, who they more or less own due to debt.

You are one of the many aforementioned people that don't understand what I'm talking about, clearly. Yes, the gold standard was abandoned. It's almost as if... that's exactly what I said.

What makes Americans so special that another country couldn't print their own money and consume those goods that China produces? Nothing. The only thing still propping up the U.S. dollar is faith in the U.S. dollar, which is rapidly eroding. You can't just have a currency that is completely backed by nothing other than the creator saying "lol this is worth something, I promise" and then continue to willfully print that money as if there's no tomorrow and expect it to retain its perceived value. That's... not possible. It's a simple issue of supply and demand.

You seriously need to spend some time reading on this subject to understand the difference between fiat currencies and <insert non inflatable commodity here, typically gold> backed currencies.

The bottom line is the United States government has no interest in behaving in a financially responsible manner, and it is ultimately what will be the country's downfall because they have ****ed our currency to the point of no repair.

Why the **** have asset prices spiked over the past 10 years? Hello? Why has the currency devalued by like 99% or some crazy shit in the past 100 years? Hello? lol.

[Stanley Kobrick]

to be fair, Elon...

[Rooster]

You are one of the many aforementioned people that don't understand what I'm talking about, clearly. Yes, the gold standard was abandoned. It's almost as if... that's exactly what I said.

What makes Americans so special that another country couldn't print their own money and consume those goods that China produces? Nothing. The only thing still propping up the U.S. dollar is faith in the U.S. dollar, which is rapidly eroding. You can't just have a currency that is completely backed by nothing other than the creator saying "lol this is worth something, I promise" and then continue to willfully print that money as if there's no tomorrow and expect it to retain its perceived value. That's... not possible. It's a simple issue of supply and demand.

You seriously need to spend some time reading on this subject to understand the difference between fiat currencies and <insert non inflatable commodity here, typically gold> backed currencies.

The bottom line is the United States government has no interest in behaving in a financially responsible manner, and it is ultimately what will be the country's downfall because they have ****ed our currency to the point of no repair.

Why the **** have asset prices spiked over the past 10 years? Hello? Why has the currency devalued by like 99% or some crazy shit in the past 100 years? Hello? lol.

LMAO. You’re clueless.

Supply and demand is why our money will be valued no matter what. Our government have every interest to behave as they have managed to budget deficit within 5 % of our GDP.

[Overdrive]

You are one of the many aforementioned people that don't understand what I'm talking about, clearly. Yes, the gold standard was abandoned. It's almost as if... that's exactly what I said.

What makes Americans so special that another country couldn't print their own money and consume those goods that China produces? Nothing. The only thing still propping up the U.S. dollar is faith in the U.S. dollar, which is rapidly eroding. You can't just have a currency that is completely backed by nothing other than the creator saying "lol this is worth something, I promise" and then continue to willfully print that money as if there's no tomorrow and expect it to retain its perceived value. That's... not possible. It's a simple issue of supply and demand.

You seriously need to spend some time reading on this subject to understand the difference between fiat currencies and <insert non inflatable commodity here, typically gold> backed currencies.

The bottom line is the United States government has no interest in behaving in a financially responsible manner, and it is ultimately what will be the country's downfall because they have ****ed our currency to the point of no repair.

Why the **** have asset prices spiked over the past 10 years? Hello? Why has the currency devalued by like 99% or some crazy shit in the past 100 years? Hello? lol.

You totally misinterpreted my first sentence and build your whole response around it.

I meant the gold standard is done in the sense that the US can't go back to it. They printed too much money, it would cause hyperinflation that would put the '29 crisis to shame. It would kill the dollar in an instance.

If you read further I stated that the value of a currency is based on intangable factors. One is the faith in the currencies purchase power itself. The other is stock market dealt in said currency.

Failing stock market, failing economy although the stock market hold's no more value than faith in companies and their production.

That's it. Three huge companies on the NYSE fail and you have your world economy crisis. It's a joke actually.

I'm totally d'accord that assets, resources are the stuff to invest in. But I wouldn't just leave it at gold. Especially if you only have so much money to spare.
You also need assets that have direct trade value incase of a huge crisis.

[Rooster]

You totally misinterpreted my first sentence and build your whole response around it.

I meant the gold standard is done in the sense that the US can't go back to it. They printed too much money, it would cause hyperinflation that would put the '29 crisis to shame. It would kill the dollar in an instance.

If you read further I stated that the value of a currency is based on intangable factors. One is the faith in the currencies purchase power itself. The other is stock market dealt in said currency.

Failing stock market, failing economy although the stock market hold's no more value than faith in companies and their production.

That's it. Three huge companies on the NYSE fail and you have your world economy crisis. It's a joke actually.

I'm totally d'accord that assets, resources are the stuff to invest in. But I wouldn't just leave it at gold. Especially if you only have so much money to spare.
You also need assets that have direct trade value incase of a huge crisis.

Gold is limited in supply and in order for an economy to expand, we have to create inflation and make our money infinite. The hyperinflation is BS. That’s the narrative of people who sell gold and digital currency.

[FourthTenor]

Gold is limited in supply and in order for an economy to expand, we have to create inflation and make our money infinite. The hyperinflation is BS. That’s the narrative of people who sell gold and digital currency.


At this point, with as much technology and luxury as we have, I'm not convinced we need to 'expand.'

We should be more focused on quality of life, not gross GDP.

[Rooster]

At this point, with as much technology and luxury as we have, I'm not convinced we need to 'expand.'

We should be more focused on quality of life, not gross GDP.

Not just talking about our economy in particular but the world economy. The system in place favor us to enjoy life that we can definitely take advantage and focus more on our quality of life (like what you enjoy the most). ThatÂ’s different on every individual so itÂ’s up to us to figure that out. Our politicans have managed to figure that out and so far we have 800 Billionaires and China have less than half of that. . Our middle class wealth is = 16.8 trillion and Japan is distant second with 9.7 Trillions.

[FourthTenor]

Not just talking about our economy in particular but the world economy. The system in place favor us to enjoy life that we can definitely take advantage and focus more on our quality of life (like what you enjoy the most). ThatÂ’s different on every individual so itÂ’s up to us to figure that out. Our politicans have managed to figure that out and so far we have 800 Billionaires and China have less than half of that. . Our middle class wealth is = 16.8 trillion and Japan is distant second with 9.7 Trillions.

For sure. We have a great standard of living in the US as of now. Unfortunately some people are born into shit circumstances by their parents and some people choose to put themselves into shit circumstances as adults. But in terms of freedoms, technology, etc.. Everyone here has it real good.

We have to be smart tho or that could erode quickly. The Romans all thought it would last forever too.

[Rooster]

For sure. We have a great standard of living in the US as of now. Unfortunately some people are born into shit circumstances by their parents and some people choose to put themselves into shit circumstances as adults. But in terms of freedoms, technology, etc.. Everyone here has it real good.

We have to be smart tho or that could erode quickly. The Romans all thought it would last forever too.

The key is foreign policy. That should never change regardless whoÂ’s running it. Russia is trying to divide our people with BLM and all that crap with all the intentional million bots regurgitating the same narrative on social network. China is positioning themselves on the Pacific and their ambition to become a currency reserve but the West will never trust those guys.

As history shows, no empire will last forever . The collapse of ours it will result in catastrophic world war. No one wants that.

[Axe]

Ching will be the new top superpower of the future.

By then, uncle sam would be helpless af.

[Overdrive]

Gold is limited in supply and in order for an economy to expand, we have to create inflation and make our money infinite. The hyperinflation is BS. That’s the narrative of people who sell gold and digital currency.

You don't think a sudden switch back to the gold standard would inflate the dollar on unprecedented levels?

[Rooster]

You don't think a sudden switch back to the gold standard would inflate the dollar on unprecedented levels?

Why would we switch back when we have been successful the last 50 years and took the global economy on another level. 60-70 % of the world transaction is on dollar. If we switch back to gold, then the dollar will artificially inflated instantly but will deflate at some point because gold supply is limited. But this is utter non sense because our money is always on demand. Most of the necessary commodities in the world are traded with our currency and we are the reserve currency that every country stockpile. In essence, our piece of paper is gold. And don’t forget we also stockpiled every gold that we can ever find for good measure. But our politicians are more deceptive. FDR became creative and Nixon pretty much sealed the deal using Vietnam as an excuse and solidified that with with the petrodollar.

[Rooster]

Ching will be the new top superpower of the future.

By then, uncle sam would be helpless af.

Lol China is manipulating their currency to stay cheap and the manufacturers (basically USA products) are staying in their country. Their GDP per capita is worst than our poorest territory (American Samoa)