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re: If the USD is dethroned as the global reserve currency what does that mean for the US?
Posted on 4/19/25 at 11:23 pm to Harry Boutte
Posted on 4/19/25 at 11:23 pm to Harry Boutte
quote:
But personally, I'm not interested in them.
there is a cycle, and we're moving in on a new (but recurring) phase of that cycle. the reckoning for all the "cheap" money manipulation and distribution must come, it is inevitable. what you want is irrelevant.
0
Posted on 4/20/25 at 12:34 am to Bass Tiger
quote:
If the USD is dethroned as the global reserve currency what does that mean for the US?
It will be absolute proof that Trump’s economic policies are beyond failure.
Posted on 4/20/25 at 12:38 am to Bass Tiger
quote:
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
Much of the UK’s current problems have come from full embrace of woke ideology, that’s led the Muslims going wild.
Posted on 4/20/25 at 12:45 am to Bass Tiger
quote:
If the USD is dethroned as the global reserve currency what does that mean for the US?
What's going to replace it? China has far more debt and manipulates their currency far worse than we do. While other currencies might be more stable, they lack the volume to facilitate global trade.
Posted on 4/20/25 at 4:12 am to TBoy
quote:absolute proof you're full of tds ad retardation. congress appropriates spending by manipulation from the federal reserve which is cobtrolled by the world elite.
It will be absolute proof that Trump’s economic policies are beyond failure.
Posted on 4/20/25 at 5:32 am to Bass Tiger
quote:
the annual federal government deficit is $2 trillion and climbing.
Are you sure about that? I don’t think either is correct.. It was $1.84, is projected to be $1.9 trillion in 2025, which is the current deficit. Will 2026 will be less or more than $1.9 trillion? I bet it’s less.
Posted on 4/20/25 at 5:37 am to lsuguy84
quote:
World war 3, and it won’t be.
I think this is the right answer. We are decades away from the USD failing. And Trump and DOGE are administering the antidote right now.
Posted on 4/20/25 at 5:41 am to Bass Tiger
No more fiat money to pass out to the unemployed and unemployable. Societal meltdown in effect.
Posted on 4/20/25 at 7:44 am to Bass Tiger
quote:
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 EU, with a bunch of countries with actually good/large economies already tried this and failed horribly. Why do you think a bunch of poor countries who are often in conflict with other members could do it?
Posted on 4/20/25 at 7:46 am to lsuguy84
quote:
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.
There is no replacement for the USD. There is nothing even close.
And if the USD becomes "worthless", the worldwide economy blows up. This isn't a problem exclusive to the US. The world is too intertwined and the US is too important to contain the fallout. This is a world-ender without a war (although I'm sure wars would follow due to the drastic chaos and devolution in SOL and the unrest that would follow)
Posted on 4/20/25 at 7:52 am to Tantal
quote:
What's going to replace it? China has far more debt and manipulates their currency far worse than we do. While other currencies might be more stable, they lack the volume to facilitate global trade.
Correct
People reference the UK/pound sterling, but the world had viable options to take it's place (and the US did so).
There is no replacement on the horizon
And the world is more internationally connected than in the time of the British Empire. The effects will be greater today
The EU was the only conglomeration that could have and they failed.
China and a bunch of poor freienemies ain't it.
This post was edited on 4/20/25 at 7:53 am
Posted on 4/20/25 at 8:07 am to SCLibertarian
quote:
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.
Spend trillions more on wars we never end, print money to pay the bill. That'll destroy the dollar even faster. I'd rather invest in domestic production and become more self sufficient. Produce more of the things we need, and hopefully some things the rest of the world needs too. If there's a market for your products, there's a market for your currency.
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