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How likely is the USD to lose its world reserve currency status?
Posted on 3/27/23 at 12:44 pm
Posted on 3/27/23 at 12:44 pm
Seeing more and more media on this in the past few weeks. Obviously China wants to be top dog, and have the biggest economy etc.
What I can’t understand is, if the dollar loses its status it will virtually be worthless. And our debt system is set up on the dollar; so wouldn’t this cause a massive collapse across the world? Also wouldn’t all of China’s investments here become worthless as well?
Is this something that could happen soon or is it more fear mongering?
What I can’t understand is, if the dollar loses its status it will virtually be worthless. And our debt system is set up on the dollar; so wouldn’t this cause a massive collapse across the world? Also wouldn’t all of China’s investments here become worthless as well?
Is this something that could happen soon or is it more fear mongering?
25
Posted on 3/27/23 at 12:45 pm to Yaboylsu63
I’m willing to bet within 5 years the dollar will be worthless.
Posted on 3/27/23 at 12:45 pm to Yaboylsu63
quote:
. And our debt system is set up on the dollar; so wouldn’t this cause a massive collapse across the world?
It's possible.
Also, if the USD lost its reserve status we'd get a lot poorer and couldn't afford to buy Chinese goods, which would send them on a spiral. US and China spiraling would drag down everyone else in the world.
Posted on 3/27/23 at 12:46 pm to ShinerHorns
quote:
I’m willing to bet within 5 years the dollar will be worthless.
Then we'll be living in Mad Max
Posted on 3/27/23 at 12:50 pm to Yaboylsu63
quote:
Is this something that could happen soon or is it more fear mongering?
There would be a world war before that happened IMO.
Posted on 3/27/23 at 12:55 pm to SlowFlowPro
China knows that. If they take us down they go down with us.
We both go down so does the rest of the world. So we will get propped up a while longer.
We both go down so does the rest of the world. So we will get propped up a while longer.
Posted on 3/27/23 at 12:56 pm to Yaboylsu63
Anytime soon is very unlikely. Over the long run it's inevitable.
Posted on 3/27/23 at 12:57 pm to ShinerHorns
in 5 years? its already worthless. worth less than the paper you wipe your arse with
Posted on 3/27/23 at 12:57 pm to Yaboylsu63
In the real world where sane people live? Not very likely.
On a Hate America First site like this one? They think it’s already happened.
On a Hate America First site like this one? They think it’s already happened.
Posted on 3/27/23 at 12:58 pm to SlowFlowPro
quote:
Then we'll be living in Mad Max
I'm a skilled fabricator with a very non-conventional imagination. Mad Max type vehicles are within my scope of expertise.
Email me to get your quotes while you can still afford the steel.
Posted on 3/27/23 at 1:02 pm to Yaboylsu63
Extremely low. It still lubricates the deals in other currencies. Nafta 2 is huge as well
Posted on 3/27/23 at 1:03 pm to Yaboylsu63
Europe’s (Western) imports of Chinese goods are ramping up at a high pace, as is Russia’s.
China is also not only cutting purchases of US debt, they are unloading US debt.
We are seeing the beginnings of a possible world paradigm shift.
China is also not only cutting purchases of US debt, they are unloading US debt.
We are seeing the beginnings of a possible world paradigm shift.
Posted on 3/27/23 at 1:03 pm to Yaboylsu63
Not likely at all. Wayyyy too many western countries are 100% pot committed to us winning, in the end, against any adversaries. Whether or not their faith is well placed, in the end, a fiat system is always faith based.
Posted on 3/27/23 at 1:09 pm to Yaboylsu63
It's coming. If you haven't watched the 2 "Emergency broadcast" videos from Robert Kiyosaki (Author of Rich Dad Poor Dad) with guest Andy Schectman that he released a few weekends ago - I would highly recommend it.
They breakdown what's happening with the BRICS countries & how they're backing their currencies through Gold and encouraging the rest of the world to do the same in order to get out from under the thumb of the $USD.
They talk about:
1. the development of the "Modern Silk Road" and what that means for global trade
2. global trading in a currency (USD) that isn't backed by anything and continues to print and spend in an out of control way.
3. Close Allies of the U.S realizing what's going to happen to the U.S financial system in the future when this thing finally does fall apart and reaching out to BRICS countries inquiring about membership.
4. How the West is isolating themselves & losing Asia, South America, The Middle East, Africa and Eastern Europe with the tyrannical move to go Green in the name of Climate change and attempting* (It will fail) to bring about the end of fossil fuels.
4a. Saudi pivoting to China instead of the U.S because of point 4 and what it would mean to their economy if the Oil industry were to be crushed.
5. China's rise to Global super power.
It's informative, but bleak. We are in for some interesting times ahead.
LINK
They breakdown what's happening with the BRICS countries & how they're backing their currencies through Gold and encouraging the rest of the world to do the same in order to get out from under the thumb of the $USD.
They talk about:
1. the development of the "Modern Silk Road" and what that means for global trade
2. global trading in a currency (USD) that isn't backed by anything and continues to print and spend in an out of control way.
3. Close Allies of the U.S realizing what's going to happen to the U.S financial system in the future when this thing finally does fall apart and reaching out to BRICS countries inquiring about membership.
4. How the West is isolating themselves & losing Asia, South America, The Middle East, Africa and Eastern Europe with the tyrannical move to go Green in the name of Climate change and attempting* (It will fail) to bring about the end of fossil fuels.
4a. Saudi pivoting to China instead of the U.S because of point 4 and what it would mean to their economy if the Oil industry were to be crushed.
5. China's rise to Global super power.
It's informative, but bleak. We are in for some interesting times ahead.
LINK
Posted on 3/27/23 at 1:13 pm to SlowFlowPro
quote:
It's possible.
Also, if the USD lost its reserve status we'd get a lot poorer and couldn't afford to buy Chinese goods, which would send them on a spiral. US and China spiraling would drag down everyone else in the world.
The CCP believe they will be the last ones standing, notice I didn’t say the Chinese people…..America First will fight this shite until the end and we may lose because there are a lot of clueless Americans and a lot of Americans who still believe in fundamental transformation…..essentially the enemies within.
Posted on 3/27/23 at 1:13 pm to m2pro
quote:
Not likely at all. Wayyyy too many western countries are 100% pot committed to us winning, in the end, against any adversaries. Whether or not their faith is well placed, in the end, a fiat system is always faith based.
Correct. Until someone else has the military power to back up their currency, the dollar will remain top dog.
Posted on 3/27/23 at 1:15 pm to ShinerHorns
quote:
I’m willing to bet within 5 years the dollar will be worthless.
how many dollars you betting that the dollar will be worthless?
Posted on 3/27/23 at 1:19 pm to LuckyTiger
quote:
China is also not only cutting purchases of US debt, they are unloading US debt.
yet the Chinese Yuan is still worth a fraction of the US dollar and every time the dollar drops the Yuan also drops. this trend of people acting like China is overtaking the US as a world power is a hilarious fascination by "conservatives"
you want China to be some utopia you can point to but it isn't.
China sucks and is facing the same economic struggles as us. the entire world's economy is fricked since covid.
Posted on 3/27/23 at 1:20 pm to Yaboylsu63
quote:explain how the dollar becomes worthless in that scenario. What other currencies exist in the world that are not the world reserve currency? Are they all worthless?
if the dollar loses its status it will virtually be worthless
Posted on 3/27/23 at 1:23 pm to tide06
quote:
There would be a world war before that happened IMO.
This exactly. We will go to war with anyone over this. In fact, I would not be a bit surprised if that is a current goal of our malevolent shadow government. They love war.
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