Australia's largest stock trading and investment forum Australia's #1 stock forum

Collapse of the USD, page-3

First 3 Last

Share
Profile

Follow
ramAustralia

32,592 Posts.

134

08/05/23

17:31

Post #: 67663238
Share

Originally posted by Chris1690: ↑

The U.S. has been paying its debts with counterfeit currency for a long time, and the game appears to be very close to a violent conclusion.

Currency which isn't backed by gold or isn't the result of production is no more than an I.O.U.; it represents nothing.

The world, which holds vast amounts of those American I.O.U.s, appears to be realising that the U.S. is unable to honour them.

And, just as have we've witnessed a great rush to withdraw cash from U.S. banks suspected of being insolvent, we can logically expect an even greater rush to return U.S. dollars (I.O.U.s) to a U.S. which is insolvent.

The repatriation of U.S. dollars (I.O.U.s) en masse will, most likely, cause hyperinflation, which will end the U.S. dollar's world reserve currency status.

And so the game will end, and with it, we'll hopefully also see the end of their malignant influence in international affairs; it will be unaffordable.

We'll see.

Expand
4 Upvote

Reply

Top Stories

HotCopper Highlights: RIP to Botanix (for now); Droneshield new ATH; Trigg mystery halt

Week 28 Wrap: Tariff chaos back for some reason; CBA holds strong

AAU

Antilles brings Chinese ally on board to keep Neuva Sabana work chugging on

CWX

Carawine faces Fraser Range JV collapse as IGO moves to scrap partnership

VMM

'Big tick': Viridis positions for global leadership with Colossus pre-feasibility study

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

AII

Inside the depths of Panasqueira: A legacy carved in rock

ILU

Rare earths stocks surge as Pentagon buys big stake in US REE miner

LIS

'Opens doors': Li-S Energy the first Oz company to produce lithium metal foils

Trump just dropped a 200% tariff bomb. Here's how to cash in

First 3 Last

SPONSORED BY