Another Domino Falls

[regor]

MSN

 

[foxfam312]

24 is going to be a blood bath.

 

[regor]

AI made the goat banger an alien.

 

[4Waters]

"I'm really happy we are now dependent on foreign oil" - @530RL.

 

[spectra3279]

Other countries will follow. That will finish off any value the US dollar has

 

[Markus]

The dollar is not going anywhere.

"How Global Currencies Work" is a good book on the subject.

 

[regor]

The dollar is not going anywhere.

"How Global Currencies Work" is a good book on the subject.

As more countries move away from the dollar, does the issuance of U.S. debt become a problem, as more countries see less need for them?

 

[RiverDave]

As more countries move away from the dollar, does the issuance of U.S. debt become a problem, as more countries see less need for them?

You would think this would be major headlines?

 

[Ace in the Hole]

You would think this would be major headlines?

The insane now run the asylum…nothing to see here.

 

[Orange Juice]

24 is going to be a blood bath.

I’ve been hearing that since Biden was elected president in 2020.
Now, since it’s not materialized, for 2021,2022, and 2023, you think it has to be 2024?

Real Estate has worked things out: you no longer are finding a 2500 sqft house on a 10,000 sqft lot. Today we get a 2500sqft home in a multi family building.

At some point, those multi family building will have EV Chargers, and also a loaner EV the community shares.

If you’re lucky enough to own a home on a big lot, hold on to it. You won’t be able to buy it back.

 

[RiverDave]

I’ve been hearing that since Biden was elected president in 2020.
Now, since it’s not materialized, for 2021,2022, and 2023, you think it has to be 2024?

Real Estate has worked things out: you no longer are finding a 2500 sqft house on a 10,000 sqft lot. Today we get a 2500sqft home in a multi family building.

At some point, those multi family building will have EV Chargers, and also a loaner EV the community shares.

If you’re lucky enough to own a home on a big lot, hold on to it. You won’t be able to buy it back.

That last statement is very true.. also goes for boats!

 

[coolchange]

I’ve wondered if sending billions of dollars to Ukraine and Europe was also a ploy to flood the dollars.

 

[2Driver]

101 on reserve currency and world order by Dalio. He lays it out pretty easy.

 

[RiverDave]

Being we have gone to war several times over people trying to get off the US dollar.. has this been confirmed by anyone?

Should I be back buying Dinar again? LOL

RD

 

[pronstar]

Oil countries are smart. They take whatever currency has value.

It doesn’t really mater to global hegemony if eskimos buy oil with beaver pelts. That’s just a transaction between two parties.

Economies aren’t that simple. Currency needs stability and value

People get riled up by the threat of BRICS leaving the dollar. Let’s unpack that:
Brazil is a small economy

Russia still uses dollars in the black market because Rubles are worthless

India has stated they aren’t interested and they hate China, so no chance of going to Chinese currency

China isn’t dollar based already

Iran…no one outside of the ME cares

South Africa…LOL

 

[LargeOrangeFont]

Oil doubtries are smart. They take whatever currency has value.

It doesn’t really mater to global hegemony if eskimos buy oil with beaver pelts. That’s just a transaction between two parties.

Economies aren’t that simple. Currency needs stability and value

People get riled up by the threat of BRICS leaving the dollar. Let’s unpack that:
Brazil is a small economy

Russia still uses dollars in the black market because Rubles are worthless

India has stated they aren’t interested and they hate China, so no chance of going to Chinese currency

China isn’t dollar based already

Iran…no one outside of the ME cares

South Africa…LOL

Well played.

 

[pronstar]

Being we have gone to war several times over people trying to get off the US dollar.. has this been confirmed by anyone?

Should I be back buying Dinar again? LOL

RD

My dumb opinion:
The dollar isn’t going anywhere.
We will wage war to protect its global reserve status.

What we are seeing, is a reduction of dollar-denominated transactional trade between non-US parties.

But for the global financial system, for the issuance of debt, theres no currency that comes close to the dollar.

Good info here:

The International Role of the U.S. Dollar

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

Thats not to say we shouldn’t be mindful of powers that would love to dethrone the dollar. The West needs to protect our way of life, because every alternative is shitty.

 

[regor]

Oil countries are smart. They take whatever currency has value.

It doesn’t really mater to global hegemony if eskimos buy oil with beaver pelts. That’s just a transaction between two parties.

Economies aren’t that simple. Currency needs stability and value

People get riled up by the threat of BRICS leaving the dollar. Let’s unpack that:
Brazil is a small economy

Russia still uses dollars in the black market because Rubles are worthless

India has stated they aren’t interested and they hate China, so no chance of going to Chinese currency

China isn’t dollar based already

Iran…no one outside of the ME cares

South Africa…LOL

All great points.

I just see less and less need of the dollar and I'm curious how that affects our debt issuing economy?

 

[pronstar]

All great points.

I just see less and less need of the dollar and I'm curious how that affects our debt issuing economy?

It’s complicated and I won’t pretend to be expert is such things.

Dollar-denominated debt can crush a country’s economy when the dollar rises, causing political unrest as the population questions their government’s sovereignty.

But dollars also give countries a way to transact globally because their shitty currency is worthless outside of their borders.

 

[RiverDave]

Oil countries are smart. They take whatever currency has value.

It doesn’t really mater to global hegemony if eskimos buy oil with beaver pelts. That’s just a transaction between two parties.

Economies aren’t that simple. Currency needs stability and value

People get riled up by the threat of BRICS leaving the dollar. Let’s unpack that:
Brazil is a small economy

Russia still uses dollars in the black market because Rubles are worthless

India has stated they aren’t interested and they hate China, so no chance of going to Chinese currency

China isn’t dollar based already

Iran…no one outside of the ME cares

South Africa…LOL

I thought India was thinking about going to the gold standard along with a few others? And that was the big problem, because china and allies were pushing towards it

 

[pronstar]

I thought India was thinking about going to the gold standard along with a few others? And that was the big problem, because china and allies were pushing towards it

The “gold standard” will be nothing more than another fractional reserve currency.

There just isn’t that much gold that’s ever been mined, let alone in the dirt, so it’ll cost bazillions per ounce if global currency is pegged to it.

And it ever gets to be that valuable, the gap between the haves and have-nots will be 1000x what it is currently. No mere mortals will be able to afford it.

 

[dnewps]

All great points.

I just see less and less need of the dollar and I'm curious how that affects our debt issuing economy?

You guys are thinking about this all wrong! The world is not on OUR dollar…we are on the WORLD dollar. Didn’t start that way but that’s what it is. Dollars are “printed” in 2 ways…gubment issues debt…commercial banks make new loans. US bonds trade in the monetary system as if it is green cash.

If another better alternative to the dollar arises…then the monetary system doesn’t need to own as much US debt…the sale of that bond causes the value to decline…which increases the effective interest rate. Since most lending is based on the 10 yr bond…rates skyrocket.

 

[dnewps]

I thought India was thinking about going to the gold standard along with a few others? And that was the big problem, because china and allies were pushing towards it

Brics is not a gold standard like you think. It’s “pegged” to the gold price but there is no redeeming gold. Genius really. The whole system uses the existing markets

 

[Nordie]

I've always said that when the dollar is no longer exchanged for oil that the US is done.

 

[pronstar]

I've always said that when the dollar is no longer exchanged for oil that the US is done.

The West will stop at nothing to ween away oil.
And the Saudis will no longer exist if/when dollars stop flowing to the Middle East.

China is a the #1 oil importer, they already have deals in place to use currency other than dollars.

 

[dnewps]

Remember…Nixon DID NOT take us off the gold standard. That is an old political narrative that stuck. He suspended the redemption of gold because the system was already broken.

Money has to be elastic like your sweatpants at the Chinese buffet! Needs to expand and contract based on the economy.

The offshore dollar (eurodollar) is the most free currency in world history. Government doesn’t regulate it…it’s a ledger based digital currency…the original BITCOIN. With a huge advantage…it’s elastic.

 

[SBMech]

Haha...when I see this bullshit it's hilarious that anyone believes that US currency will ever be replaced by another countries currency.

There are hundreds of trillions of Benjamin Franklins in circulation across the Earth, every single warlord, despot, smuggler and drug kingpin uses American currency as the weight on the scale other than precious metals, artwork or other well established forms of worth.

Everyone wants to take our place, but the cost to do so is impossible to obtain.

 

[Markus]

As more countries move away from the dollar, does the issuance of U.S. debt become a problem, as more countries see less need for them?

Countries aren't really moving away from the dollar. You just see some symbolic act every once in a while.

That the US can issue debt in its own currency is a clear advantage. It is commonly referred to as "exorbitant privilege".

Here is a guy who writes on the topic:

https://exorbitantprivilege.substack.com

 

[regor]

Saudi Arabia and UAE officially join Brics: What will it mean for the bloc?

The Arab world's two largest economies will raise the influence of the group globally, analysts say

www.thenationalnews.com

2024 is gunna be lit!!!!!!!!!

 

[Mandelon]

Oil exporting countries will be happy to take any currency for payment. Or goats. For some reason they really like goats.