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

The Collapse of the American Empire, page-1973

First 1973 Last

Share
Profile

Follow
dwuuuu

7,354 Posts.

416

24/01/22

20:08

Post #: 59099136
Share

Originally posted by moorookamick: ↑

The Suez crisis was the final death knell of the British Empire
and the debunking of the Pound Stirling as a quasi reserve
currency.

Saudia Arabia's nationalisation of its oil was a stroke of genius
because it happened a a time when all the focus was on the Israeli/
Egyption crisis.

Saudi Arabia and its citizens have prospered since and two years
ago the Saudi's floated (privatised) a fair share of its oil in anticipation
of the negative impact of climate change policies grobally will have
on the price of oil (bet hedging)

But back to the topic of the impending demise of the USA.

IMO the canary in the mine is the Greenback and as that gets
pushed back from being the Global Currency, so will America's
power globally wane.

Just imagine what would have happened if the Greenback hadn't been the
Reserve Currency since the US GFC? America would be gutted with inflation
(USD depreciation) due to its printing of over $23 Trillion of paper money.

Just keep a eye on the Price of Gold (POG) which will foreshadow the demise of the
USD, IMO.

Expand

IMO the canary in the mine is the Greenback and as that getspushed back from being the Global Currency, so will America'spower globally wane.

Eversince china announced gdp of 8.1% the yuan has been going up !
2 Upvote

Reply

Top Stories

RHI

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

LLL

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

KGL

KGL sniffs 19% Cu from drilling at Rockface play in NT

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

TVN

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Climate change to drive market trends to the moon

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

There are more pages in this discussion • 392 more messages in this thread...

First 1973 Last