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If the USD is dethroned as the global reserve currency what does that mean for the US?
Posted on 4/19/25 at 9:49 pm
Posted on 4/19/25 at 9:49 pm
And if the USD is dethroned what are you preparatory plans to preserve your wealth?
The reason I bring this up is gold has cracked $3300/oz, some predict gold to hit $10k in the next year or two, seems pretty high but we're in unprecedented times fiscally speaking. US debt to GDP is approximately 124%, current interest payment on US debt is over $1.2 trillion. Currently, the annual federal government deficit is $2 trillion and climbing. BRICS nations are meeting in Rio de Janeiro in July to discuss global trade amongst BRICS members and to invite for other nations attending the meeting to join BRICS.
The goal of the CCP is to get enough nations to join BRICS and use BRICS as a way to hold the US in check as the CCP/China ascends to the top of the global economic totem pole. The CCP is trying to convince enough nations the USD is no longer worthy of being the global reserve currency based solely on the crushing US debt spiral, crushing debt that could end as a sovereign debt crisis for the US, particularly if the US Treasury can't sell adequate securities to pay the ever growing debt service payment. The last ditch move by the US is to monetize the debt and that's a signal there is no confidence in, or demand for, US securities.
I've heard several economists and financial gurus discussing the end of the USD as the global reserve currency and they believe the US could experience a period of hyperinflation that would financially wipe out a lot of Americans, essentially saying if you're holding cash rather than hard assets you're vulnerable to getting wiped out.
So what does it mean for the US and its citizens if the USD is dethroned as the global reserve currency and what are your plans if the USD is just another failed currency on the global market?
The reason I bring this up is gold has cracked $3300/oz, some predict gold to hit $10k in the next year or two, seems pretty high but we're in unprecedented times fiscally speaking. US debt to GDP is approximately 124%, current interest payment on US debt is over $1.2 trillion. Currently, the annual federal government deficit is $2 trillion and climbing. BRICS nations are meeting in Rio de Janeiro in July to discuss global trade amongst BRICS members and to invite for other nations attending the meeting to join BRICS.
The goal of the CCP is to get enough nations to join BRICS and use BRICS as a way to hold the US in check as the CCP/China ascends to the top of the global economic totem pole. The CCP is trying to convince enough nations the USD is no longer worthy of being the global reserve currency based solely on the crushing US debt spiral, crushing debt that could end as a sovereign debt crisis for the US, particularly if the US Treasury can't sell adequate securities to pay the ever growing debt service payment. The last ditch move by the US is to monetize the debt and that's a signal there is no confidence in, or demand for, US securities.
I've heard several economists and financial gurus discussing the end of the USD as the global reserve currency and they believe the US could experience a period of hyperinflation that would financially wipe out a lot of Americans, essentially saying if you're holding cash rather than hard assets you're vulnerable to getting wiped out.
So what does it mean for the US and its citizens if the USD is dethroned as the global reserve currency and what are your plans if the USD is just another failed currency on the global market?
17
Posted on 4/19/25 at 9:50 pm to Bass Tiger
World war 3, and it won’t be.
Posted on 4/19/25 at 9:52 pm to lsuguy84
quote:
World war 3, and it won’t be.
USD is solid? Rockin and rollin?
Posted on 4/19/25 at 9:54 pm to Bass Tiger
IF the US Dollar were ever replaced, it wouldn’t matter what you invest in because the entire US financial system would collapse and we would eventually have to inflate the currency supply so much to pay off the debt that it would essentially be worthless.
Posted on 4/19/25 at 9:54 pm to Bass Tiger
quote:
USD is dethroned as the global reserve currency
This is why we're an empire who's constantly fighting wars around the globe. We have to maintain the dollar as the world's reserve currency.
Posted on 4/19/25 at 9:54 pm to Bass Tiger
China doesn’t have anything better, and if they do try to make the dollar worthless, it would be the next world war. The powers that be wouldn’t have it.
Posted on 4/19/25 at 10:01 pm to lsuguy84
quote:
World war 3
That would mean nuclear war and that is not happening. Plenty of Empires have lost the reserve currency status most recently the British Pound. Changes will happen but life will move on
Posted on 4/19/25 at 10:02 pm to Rip Torn
quote:
IF the US Dollar were ever replaced, it wouldn’t matter what you invest in because the entire US financial system would collapse and we would eventually have to inflate the currency supply so much to pay off the debt that it would essentially be worthless.
There have been many nations experience a sovereign debt crisis, those who held hard assets fared better than those holding cash. I guess if you had some land with water and enough acreage to raise some livestock it would be better than holding onto $500k cash in a money market, at least you'd have something of value while the dust settles.
This post was edited on 4/19/25 at 10:08 pm
Posted on 4/19/25 at 10:06 pm to John Barron
quote:
World war 3
That would mean nuclear war and that is not happening. Plenty of Empires have lost the reserve currency status most recently the British Pound. Changes will happen but life will move on
You are correct and look at the UK, imagine if the UK didn't have the US as a economic and military ally after WWII, they would be in much worse shape than they are and they're in bad shape, both economically and societally.
Posted on 4/19/25 at 10:29 pm to Bass Tiger
Look at Venezuela and the videos of their money blowing through the streets....
Posted on 4/19/25 at 10:30 pm to Bass Tiger
Why would the democrats do this
Posted on 4/19/25 at 10:32 pm to Bass Tiger
Saddam talked about dethroning the dollar
Quadafi spoke about it as well
Chavez too
Didn’t end well for those guys.
Quadafi spoke about it as well
Chavez too
Didn’t end well for those guys.
Posted on 4/19/25 at 10:39 pm to Bass Tiger
The "money trust" will have to find a new grift. Beyond that I believe is pure speculation.
Honestly though, I wouldn't mind if we had to go through some really hard times as a country. Life is too easy in America, we've lost all perspective on reality as a country.
Honestly though, I wouldn't mind if we had to go through some really hard times as a country. Life is too easy in America, we've lost all perspective on reality as a country.
Posted on 4/19/25 at 10:42 pm to Masterag
quote:
Honestly though, I wouldn't mind if we had to go through some really hard times as a country. Life is too easy in America, we've lost all perspective on reality as a country.
You’re correct as a general matter, but thaaat wouldn’t end well.
Posted on 4/19/25 at 10:43 pm to Bass Tiger
quote:
US could experience a period of hyperinflation
Posted on 4/19/25 at 10:44 pm to Masterag
quote:
I wouldn't mind if we had to go through some really hard times as a country.
I wouldn't mind if you went through hard times if that's what you want. But personally, I'm not interested in them.
Posted on 4/19/25 at 10:57 pm to Bass Tiger
I was listening to a pod the other day that mentioned that Trump may use a tactic of devaluing the dollar before paying back China.
It was mentioned that China would not like this trade war of a move, and could escalte things.
It was mentioned that China would not like this trade war of a move, and could escalte things.
Posted on 4/19/25 at 11:01 pm to Bass Tiger
Bottled water and bullets
Posted on 4/19/25 at 11:15 pm to Bass Tiger
quote:
join BRICS and use BRICS
I remember a few years ago the sky screamers posting a bunch about BRICS.
Posted on 4/19/25 at 11:15 pm to Bass Tiger
quote:
If the USD is dethroned as the global reserve currency what does that mean for the US?
Loads of unknowns, so we’re all throwing darts at a board in the dark.
My take:
We start manufacturing our own goods and growing our own food to cover all of our needs that we can. We’ll only be hurt by the items we import and export. We would have to be a pretty self sufficient economy, which is possible. And the deficit spending would have to get more controlled.
We might have pain points, but this is why we have the largest military on earth and why our founding fathers believed in manifest destiny.
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