Posted on 04/12/2023 8:29:11 AM PDT by Twotone
[“She is not yours, it is just your turn.”]
Oh yeah. I dated her.
She was right.
And we did have a revolution.
In fact, said revolution is still ongoing.
[Let’s check back in 10 years.]
Sorry, Agenda 2030 says it can’t wait that long.
Moose out front should have told ya.
(just kidding.....)
bkmk
Good post. Thanks.
p
These things don’t happen overnight. If it were starting now, it would take a while, but it’s already been happening for a while, so there’s less time and opportunity left before the dollar finally is replaced by something else as top currency.
I thought the over the counter drugs primarily come from India. Along with expired patent prescription drugs.
The new very expensive drugs are typically made in the USA or Europe.
The biggest shift is the most recent trading of OPEC oil in something else other than US dollars.
This is a direct result in the Biden administration pissing off the Saudis.
It’s already collapsed. It only buys 10% of what it did in 1970.
The problem is we are conflating two separate measurements. The measure of buying power is not demonstrated by how the US Dollar trades internationally. The measure of buying power is the inflation rate. The US dollar against other currencies is comparing one fiat currency to many fiat currencies. Or rather comparing one pile of stinking feces to another.
Not a fair comparison. Most of those groceries were sourced locally in the USA. And portions were larger in larger containers, with fewer vendors, that kept prices lower. These days, portions are much smaller, in smaller containers (at much higher prices), and contain many artificial ingredients, many of which come from other countries and the cost of shipping is factored into the price.
Fact of the matter is that your mom paid almost nothing for groceries back then compared to the sky-high prices now.
Tiffins Dilemna.
the BRICS and much of Africa want an alternative to the US Dollar, and they are planning it now. What will it be gold? Some basket of currencies? Oil? Chinese Yuan?
- - - - - - -
Politicians want to steal. I doubt politicians will create an alternative to the dollar.
There is no alternative for global trade. The Yuan could have been it if China had continued to become more of a market economy but they decided to impose severe capital controls, harass western countries corporations and play around with the value themselves. Europe is a basket case. No other economy is even remotely close in size, not even counting stability. The dollar could drop a bit - it’s in the top 1/3 of its trading range here - but collapse - nope. There simply isn’t an alternative.
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