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Started By
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Posted on 3/10/22 at 8:24 am to Eurocat
quote:
But Trump ripped that up.
Good
Posted on 3/10/22 at 8:27 am to SDVTiger
Why good, we could get them to join our bloc.
Posted on 3/10/22 at 8:28 am to Eurocat
quote:No sane person would chose to believe China's story that Covid originated from a bat population though bats cannot even transmit CV-19 among themselves, or from raccoon-dog filet even though there is no evidence of a raccoon-dog covid outbreak or locals grilling raccoon-dog steak, or from pangolin penis penne, or a chupacabra cloaca chitlins, or sasquash shite. Yet our entire Press Corps pushes that BS, and huge swaths of the population believe them.
No sane person would choose India and Russian money over the Dollar, Yeh, Pound and Euro
Regarding "no sane person", it is what it is.
Posted on 3/10/22 at 8:30 am to Eurocat
So no war or inflation under Trump but somehow Biden screwing everything up now is Trump’s fault? Never change Eurotrash.
Posted on 3/10/22 at 8:34 am to Eurocat
quote:
America, UK, Britain and Japan and the entire EU should simply say, you can either use one of our currency or Russia and China's. No sane person would choose India and Russian money over the Dollar, Yeh, Pound and Euro.
How many 1st world European countries gave up their currency for euros? Willingly? Just to complete with the USD. China has enough economic weight to get this schism going and prop it up. They already own a bunch of non aligned countries in Africa and South America. Between them owning raw materials and production it’s almost inevitable they dominate the markets.
Posted on 3/10/22 at 8:35 am to Smokeyone
Well…guess it’s time to go to war. frick not being no.1
Posted on 3/10/22 at 8:41 am to Smokeyone
quote:
Coming off the US dollar and US systems. They are replacing visa and Mastercard with a different pay system. You asked for it, you got it… Joe Biden.
The petro-yuan could usher in a new era for global energy
And China will absolutely not pass up this opportunity to push harder to replace the US dollar with the Yuan as the worlds dominant Petro-dollar.
quote:
A decrease in demand for the petrodollar would have dire consequences for the US economy, resulting in higher inflation and a difficulty to finance deficit spending. But not everyone is convinced that the petro-yuan poses a major threat to the dollar. “It’s a fantasy. There is a huge coordination issue to get everyone out of the dollar simultaneously,” said Pirrong. The oil industry is notoriously risk-averse and wary of innovation; barring a major crisis in the US economy, it will take decades before traders abandon a practice that has been tried and tested. The dollar is historically considered a safe haven currency, whereas the yuan is still not completely convertible into other currencies and represents a tiny fraction of foreign exchange reserves.
Posted on 3/10/22 at 8:45 am to upgrayedd
quote:
If the petrodollar dies, we die with it
Yep. But as terrible as that would be, I do think that there could be a silver lining: the re-emergence of manufacturing in the U.S.
Posted on 3/10/22 at 8:56 am to Warfox
quote:
Yep. But as terrible as that would be, I do think that there could be a silver lining: the re-emergence of manufacturing in the U.S.
How so?
Posted on 3/10/22 at 11:42 am to Kjnstkmn
Do we have the gold?
No. We don't. Not even close.
No. We don't. Not even close.
Posted on 3/10/22 at 11:48 am to SECSolomonGrundy
quote:
I realize it may have some negative blowback here. Not sure what that might be. But I know that I don't like globalist frickers. So, this is a good thing?
The US created many wars and installed many leaders to stop countries from doing this. Think Iraq and Libya for the most recent. I think it's anti US government, whatever they stand for. It's not anti America, it's anti US government. There's a difference.
Posted on 3/10/22 at 12:24 pm to Smokeyone
The US could not service its enormous debt if this happened. That’s the pickle we are in now. Can’t raise rates much or at all because we have a massive amount of debt but inflation is starting to get out of control.
This post was edited on 3/10/22 at 12:25 pm
Posted on 3/10/22 at 12:31 pm to Smokeyone
Just for context, that's 3 billion people out of 7.9 billion.
Posted on 3/10/22 at 12:58 pm to upgrayedd
quote:
Yep. But as terrible as that would be, I do think that there could be a silver lining: the re-emergence of manufacturing in the U.S.
How so?
It is my view that if our currency implodes, so does our economy. We will no longer have the buying power that we once did. It logically follows that manufacturing at home would be much closer to parity, if not possibly cheaper than purchasing foreign manufactured goods, given the cost of labor and resources.
Posted on 3/10/22 at 1:02 pm to WavinWilly
quote:
The US could not service its enormous debt if this happened. That’s the pickle we are in now. Can’t raise rates much or at all because we have a massive amount of debt but inflation is starting to get out of control.
Which is why Biden(that is, Obama et. al.) could not have chosen much worse of a time to escalate tensions in Ukraine.
We have little juice, and any squeeze we exert is a double edged sword that may come back to hurt us far worse than Russia.
fricking idiots.
Posted on 3/10/22 at 1:16 pm to Eurocat
quote:
Tell India that if they do this all cash to them in the form of military aid ends effective immediately.
Every dime we send them will instead be sent to their arch rival twice two (the doubling is the price of pissing us off).
This sounds good in theory but will inevitably elevate global tension even more, guaranteeing WW3.
Posted on 3/10/22 at 1:28 pm to Smokeyone
Relax guys. It's only 3 billion people we are isolating. I'm sure it won't matter.
Posted on 3/10/22 at 4:56 pm to Smokeyone
What implications does this have for investing? I’m not invested in any international stocks in my 401k. I mean, how does this news affect the international stock performance? I’m economically incompetent . Sorry if the answer is obvious!
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