American Economics Thread
- Thread starter Bernard
- Start date
Inflation worries in america have gotten so bad, that crypto such as bitcoin are now being used as store of value rather than its original intended purpose as a means of exchange in lieu of fiat.
Naturally the stock market and crypto have been going gangbusters this past week.
Naturally the stock market and crypto have been going gangbusters this past week.
This narrative of bitcoin being a store of value has been going around for 2 years already. One the reason I'm in the crypto game.
We have a saying "If the US sneezes, the EU gets the cold" so if the US has inflation Europe might get it worse.
Some handy images - Top-50 only!
High-Technology Exports (current US$) - Country Ranking
Definition: High-technology exports are products with high R&D intensity, such as aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery. Data are in current U.S. dollars.
Source: United Nations, Comtrade database through the WITS platform.
Lol, the US is behind not only China but also Germany (4x smaller population) and South Korea (6.5x smaller population). The result of legalizing the corrupt practices aka "legacy admissions", where basically rich families just pay to universities to get their kids accepted.
How come Singapore ranks 5th? What do they actually make?
Singapore has chip factories. It used to be the home of Creative Labs. Who used to make the Soundblaster cards. I don't know what they are doing now besides offering banking services to the rich though.