Posted on 01/26/2023 7:21:20 AM PST by Red Badger
“This is nonsense. The Fed and the Treasury have all the tools they need to support the dollar, including, but not limited to, reducing the dollars in circulation (and dollar equivalents, transaction wise) compensating for, and offsetting, the lower dollar demand from the Saudi oil trade. The lower levels of dollars (and their transaction equivalents) that remain available, together with continuing international trade, and continuing international trade priced in dollars, will continue to support the dollar in ways that will totally offset the Saudi moves.”
This is self delusion.
“...the U.S., despite constant predictions of our demise, is still the most productive nation on the planet....”
Have you seen what Generation Z has turned into? That plus the 5 million illegal alien leaches pouring into the USA every year will be the downfall of this “productive nation”.
self ping
self ping
self ping
‘...will be the downfall of this “productive nation”.’
Perhaps, but every single person who has predicted our demise, and there have been plenty of them, have all turned out to be wrong so far.
Hard money (gold, etc.) protects the common man from indiscriminate inflation of the currency, and it limits the government’s ability to act without public support (i.e. taxes). So it’s a good thing. However, it has little to do with which currency will be the world’s reserve currency. That is determined mainly by the quality of a government’s debt. Debt spelled backwards is investment and having a place to park money where it can safely earn a return is the biggest factor in determining where money will rest between transactions.
“The Fed and the Treasury have all the tools they need to support the dollar”
They do—until they don’t.
This is classic chaos theory.
Everything works just fine—and then one day it does not work—and all the “experts” are baffled.
Nothing lasts forever.
Just ask the Roman Empire.
“U.S., despite constant predictions of our demise, is still the most productive nation on the planet.”
Our “leaders” are working 24/7 on subverting productivity with taxes, regulations, anti-white and anti-Asian racism etc.
Eventually they will succeed.
“Our “leaders” are working 24/7 on subverting productivity with taxes, regulations, anti-white and anti-Asian racism etc.”
They’ve been doing that for a long time and we’re still #1. They must not be very good at it.
I wish I earned a dollar for every time I’ve read an article about the demise of the dollar.
I’d be wealthier than Tom Steyer.
IF...a CBDC framework of currency is in our near future, it must be being tested in some way and at this time. Where?
I think the answer for the US is to become energy independent again, just like we were a few short years ago under President Trump.
If we are not exporting dollars for oil, but are exporting oil for dollars, our currency suddenly looks a lot stronger.
“This is classic chaos theory.”
It is not, but money speculators will love the play, as long as they quit it before they lose their shirts.
Many, many, many have predicting the demise of the dollar, none understanding how the dollar values are determined and forgetting part of that is keeping dollars available only for as trade determines it will support that many dollars (and transaction equivalents). IT DOES NOT DEPEND on the Saudis or anyone else setting THEIR prices in dollars, or not. You (Saudis) reduce demand for dollars, and the Fed and the Treasury just shrink the supply accordingly, keeping supply relative to demand, and stabilizing the dollar value.
Buy precious metals. They were overbought by the distribution channels, so they are on sale right now. Plus, they always have value.
Thanks—I have slowly been doing that over the years. Also, your explanation of why the price is dropping, I have been wondering why. Thanks
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Most likely the big four won’t be around for QFS because they aren’t basil four compliant.
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