Posted on 04/13/2024 1:15:11 PM PDT by Roman_War_Criminal
The Bretton-Woods Agreement of 1944 established the framework for the rise of the U.S. dollar and its status as the global reserve currency which has its obvious benefits for the US, but there are also numerous costs involved, according to Brandon Smith, who writes “Think of world reserve status as a “deal with the devil. You get the fame, you get the fortune, you get trophy dates and a sweet car – for a while. Then one day the devil comes to collect, and when he does he’s going to take everything, including your soul.”
“Unfortunately, I suspect collection time is coming soon for the U.S“.
Global reserve currency status allows for amazing latitude in terms of monetary policy. The Treasury Department understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The petrodollar monopoly made the U.S. dollar essential for trading oil globally for decades.
This means that the central bank of the U.S. has been able to create fiat currency from thin air to a far higher degree than any other central bank on the planet while avoiding the immediate effects of hyperinflation.
(Excerpt) Read more at expose-news.com ...
Your interest rates might rise by 5%, because you have to float the dollar on the market.
And all on purpose!
Not going to happen as long as the US military keeps the airways and sea lanes open for commerce.
The dollar is still the best. The Euro was supposed to replace the dollar.
we borrow money, to give it to people that hate us... what could go wrong???
Pretty much kicking Russia out of SWIFT assured that the rest of the world would move on to another way to handle transactions, and with that, like the other 194 countries in the world, we will be REQUIRED to show that we have our debt under control - meaning WE ARE HOSED.
Insanity...
It's due to the global recession.
It is strengthening in relation to other currencies, but not to gold.
Do we have enough gold to cover 32 trillion dollars? I know we have a lot.
The Expose has less credibility than the National Enquirer.
The US Dollar as the world’s reserve currency is both a blessing, and a curse, for the United States
Its a blessing for Wall Street, politicians and the US deep-state, in particular given it allows global financialization of US dollar and large permanent deficits for government. It allows the US to export inflation to the world
It is a curse for average Americans whose manufacturing and jobs must necessarily be exported abroad. It allows for massive central government debt and spending and leftist social-engineering
It depends on the price of gold!
Very interesting.
Ah. Thank you.
“ Pretty much kicking Russia out of SWIFT assured that the rest of the world would move on to another way to handle transactions, and with that, like the other 194 countries in the world, we will be REQUIRED to show that we have our debt under control - meaning WE ARE HOSED.”
Another effing brilliant move by Biden.
https://www.cnn.com/2022/02/26/politics/biden-ukraine-russia-swift/index.html
Gold and silver are commodities - not legal money currently.
How do you buy gold? Answer: with dollars
How do you sell gold? Answer: to dollars
Be careful - commodities drop in a global recession.
Bfl
The historical ratio between gold and silver has been 50:1.
Look at it now.
https://www.macrotrends.net/1441/gold-to-silver-ratio
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