Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Powell: Possible to have more than one reserve currency
https://www.forexfactory.com ^ | 3/2/2033 | Powell

Posted on 03/02/2022 11:45:14 AM PST by RomanSoldier19

zerohedge @zerohedge *POWELL: POSSIBLE TO HAVE MORE THAN ONE RESERVE CURRENCY

more at linky

(Excerpt) Read more at forexfactory.com ...


TOPICS:
KEYWORDS: bloggers; clickbait; currency; finance; linky; notnews; thened
Navigation: use the links below to view more comments.
first 1-2021-4041-49 next last

1 posted on 03/02/2022 11:45:14 AM PST by RomanSoldier19
[ Post Reply | Private Reply | View Replies]

To: RomanSoldier19

Powell is acknowledging that the USD is about to be kicked to the curb.


2 posted on 03/02/2022 11:47:06 AM PST by JonPreston (Q: Never have so many, been so wrong, so often)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RomanSoldier19

Well that’s not going to cause people to dump their dollar holdings. Not at all.


3 posted on 03/02/2022 11:47:41 AM PST by MercyFlush (DANGER: You are being conditioned to view your freedom as selfish)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RomanSoldier19

I’m surprised they would say this.


4 posted on 03/02/2022 11:49:46 AM PST by wiseprince (Me,)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JonPreston

5 posted on 03/02/2022 11:49:57 AM PST by RomanSoldier19 (Res ad Triarios venit; )
[ Post Reply | Private Reply | To 2 | View Replies]

To: JonPreston

“Hey everybody, remember when we told you we wouldn’t monetize the reserve currency back at Bretton Woods?”


6 posted on 03/02/2022 11:51:39 AM PST by RinaseaofDs
[ Post Reply | Private Reply | To 2 | View Replies]

To: JonPreston

Exactly, get ready for the $ to be worthless in much of the world.


7 posted on 03/02/2022 11:51:47 AM PST by Codeflier (Please stop calling these violent totalitarian collectivist Democrats, liberals)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Codeflier; RinaseaofDs

Exactly right. Go Brandon!


8 posted on 03/02/2022 11:53:23 AM PST by JonPreston (Q: Never have so many, been so wrong, so often)
[ Post Reply | Private Reply | To 7 | View Replies]

To: JonPreston

Powell is acknowledging that the USD is about to be kicked to the curb.
—————
Bingo! EverythingSenile Joe’s administration does either, 1) backfires 2) destroys America. Question is - by design ( intent) or stupidity? ( lack of qualified advisors). A legendary financial great just mentioned through his paid for subscription, walks us through the USD destruction , SWIFT was mentioned, sovereign currency ( US cashless system) all of which Senile Joe advocates.Senile Joe is an idiot.


9 posted on 03/02/2022 11:55:23 AM PST by delta7
[ Post Reply | Private Reply | To 2 | View Replies]

To: JonPreston

It should have been kicked to the curb when Nixon took it off the Gold standard. It is a currency vestigial organ ever since.


10 posted on 03/02/2022 11:55:28 AM PST by cuban leaf (My prediction: Harris is Spiro Agnew. We'll soon see who becomes Gerald Ford, and our next prez.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: wiseprince
I’m surprised they would say this.

Me too and IMO by releasing this Powell is getting in front of the coming story. The disinvestment in America is about to begin.

11 posted on 03/02/2022 11:56:25 AM PST by JonPreston (Q: Never have so many, been so wrong, so often)
[ Post Reply | Private Reply | To 4 | View Replies]

To: RomanSoldier19

We are witnessing the purposeful destruction of the country. The little chickens in the GOP let them steal the President and the Senate. It’s sad to watch our country dismantled brick by brick.


12 posted on 03/02/2022 11:57:29 AM PST by gibsonguy
[ Post Reply | Private Reply | To 1 | View Replies]

To: JonPreston

This will cause the cost of imported goods to skyrocket—and since both parties have wrecked our domestic industrial capacity it will be decades before it could be remedied in a serious way.


13 posted on 03/02/2022 11:58:31 AM PST by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: JonPreston

Would benefit the US actually: no more cheap crap from China, natural resources would have to be produced here, US exports cheaper, would hurt the globalist elite trying to seal control of the US.


14 posted on 03/02/2022 11:59:34 AM PST by pierrem15 ("Massacrez-les, car le seigneur connait les siens" )
[ Post Reply | Private Reply | To 2 | View Replies]

To: delta7

What better time to go FULL RESET? The focus of the nation is on RUSSIA! and even previously clear thinkers are now staring at the TeeVee screen and absorbing propAgenda.


15 posted on 03/02/2022 11:59:48 AM PST by JonPreston (Q: Never have so many, been so wrong, so often)
[ Post Reply | Private Reply | To 9 | View Replies]

To: gibsonguy

16 posted on 03/02/2022 12:00:26 PM PST by RomanSoldier19 (Res ad Triarios venit; )
[ Post Reply | Private Reply | To 12 | View Replies]

To: pierrem15

This would assume we have a clear thinking political class entrenched in America.


17 posted on 03/02/2022 12:01:09 PM PST by JonPreston (Q: Never have so many, been so wrong, so often)
[ Post Reply | Private Reply | To 14 | View Replies]

To: pierrem15

Your post is correct in the long term, but the transition will be very long and very ugly—we could be talking a generation to recover—with a Great Depression as the transition.


18 posted on 03/02/2022 12:03:01 PM PST by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: RomanSoldier19
National governments all over the world are looking at how America and the Europeans are abusing the banking systems to wage financial warfare and the national defenses to retain their self-determination will go up accordingly.

I remember in 1990 during the build up to the first Gulf War how everyone thought that Saddam and his Iraqi army were going to decimate the Americans and then the US military methodically demolished the Iraqi army with smart bombs, drones, and stealth combat aircraft while a stunned world watched. A whole industry of anti-American prognosticators we're eating crow. That spectacle encouraged China, Russia, and every other nation of note to totally revamp their military doctrine and to pursue a high tech military. Today the results are clear and the world has caught up to us.

Mark my words, the world financial system is going to go through an upheaval as nations wage and economic warfare and defense with software, communications infrastructure, and laws.

19 posted on 03/02/2022 12:03:44 PM PST by wildcard_redneck (Welcome to leftist Planet Lab Cage where are YOU are the rat)
[ Post Reply | Private Reply | To 1 | View Replies]

To: wiseprince

Yeah…the U.S. government goes bankrupt, it doesn’t survive this.


20 posted on 03/02/2022 12:04:18 PM PST by Scott from the Left Coast (Defund Politicians )
[ Post Reply | Private Reply | To 4 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-49 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson