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Started By
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re: How likely is the USD to lose its world reserve currency status?
Posted on 3/27/23 at 3:19 pm to SlowFlowPro
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.
0
Posted on 3/27/23 at 3:21 pm to Pezzo
quote:
its already worthless. worth less than the paper you wipe your arse with
I will trade you all my arse paper for all your cash anytime you want.
Posted on 3/27/23 at 3:30 pm to Yaboylsu63
China has 300%+ Debt to GDP. It’s laughable to think the yuan would ever be a viable world reserve currency.
The dollar may and probably will be replaced, but I’m certain it won’t be the yuan that steps in.
This is all headline fear issued by your foreign adversaries bc they know our Americans eat this shite up and further divide ourselves.
The dollar may and probably will be replaced, but I’m certain it won’t be the yuan that steps in.
This is all headline fear issued by your foreign adversaries bc they know our Americans eat this shite up and further divide ourselves.
Posted on 3/27/23 at 3:31 pm to Yaboylsu63
Given the current fiat system is entirely fabricated nonsense and backed by nothing?
Posted on 3/27/23 at 4:14 pm to VoxDawg
I’m not going to worry until the cartels switch.
Posted on 3/27/23 at 4:31 pm to Pezzo
quote:
in 5 years? its already worthless. worth less than the paper you wipe your arse with
I'll trade you ten squares of toilet paper for a dollar. We can trade until you're totally free of that worthless paper.
Posted on 3/27/23 at 4:36 pm to LuckyTiger
quote:they dumped bond exposure. Apparently they are smarter than SVB
China is also not only cutting purchases of US debt, they are unloading US debt.
Posted on 3/27/23 at 5:20 pm to Yaboylsu63
China relies on US consumption for their economy so I doubt it happens without a major world war and we would have to lose said war
Posted on 3/27/23 at 5:23 pm to Yaboylsu63
quote:
happen soon or is it more fear mongering?
Fear mongering.
However, it WILL happen eventually. Not through war but through political maneuvering and weakning of the country. We are propped up by our military and we all know the direction that's heading.
Ultimately Your grandkids or great grandkids will bear the brunt. Or maybe they will find a way to kick the can down the road. In the end it is inevitable however.
But hey, you know the future. Which means you can plan ahead for them. My kids may think i'm a wacky survivalist type but their kids will thank me.
This post was edited on 3/27/23 at 5:25 pm
Posted on 3/27/23 at 5:31 pm to ShinerHorns
quote:You'd lose.
I’m willing to bet within 5 years the dollar will be worthless.
(Unless the world hits Armageddon.)
The USA still has the largest economy in the world and still has an innovative culture.
Posted on 3/27/23 at 5:31 pm to Yaboylsu63
USD is not at threat of this because the collapse the US monetary system would create a global depression like 1929. We are the destination of last resort for excess production. China actively does not want to turn their whole population into consumers to make up for the loss of the US consumer (in this scenario). They rightly identify unfettered consumerism as a threat to the single party administration of the PRC.
This is why I don’t get too spooked about “China buying our debt.” They’re really just investing into the machine that sustains their party control over the state.
This is why I don’t get too spooked about “China buying our debt.” They’re really just investing into the machine that sustains their party control over the state.
This post was edited on 3/27/23 at 5:32 pm
Posted on 3/27/23 at 5:34 pm to Yaboylsu63
Necessary for The Great Reset.
Posted on 3/27/23 at 5:39 pm to Yaboylsu63
Posted on 3/27/23 at 5:50 pm to Yaboylsu63
10000000000% it will happen
It’s part of the 2030 Agenda / Masterplan to enslave us all to the Globalist Banking System once and for all.
A Global Cyber Currency will be ushered in soon.
They are printing aka “Quantitative Easing (QE)” the USD to oblivion and other currencies are for the first time being used for trade and oil deals little by little.
Buckle up & make sure you have some tangible assets when this ponzu scheme collapses
It’s part of the 2030 Agenda / Masterplan to enslave us all to the Globalist Banking System once and for all.
A Global Cyber Currency will be ushered in soon.
They are printing aka “Quantitative Easing (QE)” the USD to oblivion and other currencies are for the first time being used for trade and oil deals little by little.
Buckle up & make sure you have some tangible assets when this ponzu scheme collapses
Posted on 3/27/23 at 6:09 pm to Corinthians420
LOL Yes. There was a President in the 80’s that did that and bankrupted the USSR. It might be a good strategy again. We spend a lot, but we are falling behind the Chinese. But don’t worry we have Biden.
Posted on 3/27/23 at 6:12 pm to Yaboylsu63
100%.
Posted on 3/27/23 at 6:15 pm to SlowFlowPro
quote:
I’m willing to bet within 5 years the dollar will be worthless.
Then we'll be living in Mad Max
Posted on 3/28/23 at 2:46 am to notiger1997
quote:
Well if the leader of Kenya is saying it, it must be pretty important
Three or four years ago, could you imagine that?
I can, if such advice would then be given by a patient in a psychiatric clinic.
And today I can already hear from many stock analysts. Including from the USA.
Posted on 3/28/23 at 3:01 am to Shepherd88
quote:
China has 300%+ Debt to GDP. It’s laughable to think the yuan would ever be a viable world reserve currency.
The dollar may and probably will be replaced, but I’m certain it won’t be the yuan that steps in.
This is all headline fear issued by your foreign adversaries bc they know our Americans eat this shite up and further divide ourselves.
I think you know
quote:
* United States Total Debt accounted for 764.7 % of the country's GDP in 2022, compared with the ratio of 772.1 % in the previous quarter.
* US Total Debt: % of GDP data is updated quarterly, available from Dec 1951 to Dec 2022.
* The data reached an all-time high of 848.9 % in Mar 2021 and a record low of 304.2 % in Jun 1953.
....
LINK
This post was edited on 3/28/23 at 3:03 am
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