The Collapse of the American Empire, page-39

First 39 Last

Share
Profile

Follow
diligent

25,520 Posts.

7

19/07/21

16:33

Post #: 54608153
Share

Originally posted by Gibbaz: ↑

While I give it low odds, I don't think it's out of the realm of possibility for the US to lose reserve status in the coming decade(s).
I'm not sure who as you say has been calling for it's demise in past decades - they had lost their marbles - however going forward we should perhaps take off the rose glasses.

China have been planning it for decades...
- their GDP is set to overtake the US in 2027. Probably earlier if you ignore the MSM's "strong economy" narrative and look at the abysmal US economic news first hand.
- it's been made no secret, they've made it one of their core objectives... they've also shown their industriousness, their (deceptive) competitiveness and innovation (through I.P theft lol)
- there's a rumour that their digi yuan will be backed by gold. Given the inflationary nature of most currencies these days if true it could spell trouble
- i'm aware of a few countries that have already ditched their USD holdings
- their belt and road initiative has many countries under their thumb... I imagine they would get onboard (or be boarded onto rather)
- if the US FED is unable to get control of inflation and commodities soar (being priced in USD) it could be the justification for many countries who wouldn't otherwise to make the switch.
- a gold backed asset/currency is something investors may have a hard time passing up...

As I said, low odds, but i'm not going to ignore the possibility. The USD is on a death march, no doubt about it. The DXY is appearing strong lately... (not hard when it's compared to a basket of other inflating currencies) running twice now after the latest CPI data... it doesn't make sense - until you realize the market is pushing it up with the expectation that the FED will raise rates. But the FED can't raise rates, everything will crash.

The FED can either let the USD continue it's death march - meanwhile the world is tortured by commodity prices or they raise rates.... seems like a perfect opportunity for China to rollout their grand plan...

Depending on the implementation of a gold backed digi yuan (considering privacy track/tracing concerns etc) there could be a showdown.

Expand

For goodness sake stop posting such asinine nonsense that merely encapsulates your gross anti American sentiment. Feed your nonsense elsewhere.
5 Upvote

Reply

Top Stories

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

WCE

West Coast Silver flags capital raise as Falcon hits potential gold target

STX

Carnarvon becomes Strike's largest holder; market not happy

There are more pages in this discussion • 25 more messages in this thread...

First 39 Last

The Collapse of the American Empire, page-39

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

West Coast Silver flags capital raise as Falcon hits potential gold target

Carnarvon becomes Strike's largest holder; market not happy

Featured News

Featured News

The Collapse of the American Empire, page-39

Top Stories

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

West Coast Silver flags capital raise as Falcon hits potential gold target

Carnarvon becomes Strike's largest holder; market not happy

Featured News

Featured News