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re: How likely is the USD to lose its world reserve currency status?
Posted on 3/27/23 at 12:45 pm to Yaboylsu63
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.
3
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 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 3:19 pm to SlowFlowPro
quote:
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.
Except that we produce most of our energy and are a net exporter of food. China is the world's largest importer of both. We'd feel a pinch. They'd have a famine.
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