Posted on 01/16/2023 12:41:24 PM PST by MarMema
Who is killing their own deserters matters not at all in the long run.
This is what matters.
This is why Putin and friends are just biding their time.
While freepers argue about battlefield stuff, the dollar is dying internationally.
What does that mean for us?
This means that the US ability to print money is dwindling and at one point there will not be enough money coming into the treasury to cover expenditures. IMO
The Fed has been reducing its dollar holdings, while other central banks have been increasing their dollar reserves at the Fed.
Economic sanctions are notoriously ineffective. Only once or twice have they “worked”. Like when the Japanese decided to bomb Pearl Harbor. A victory for sanctions.
Only the peons suffer.
“While freepers argue about battlefield stuff, the dollar is dying internationally.
What does that mean for us?”
It means the bill of roughly $100,000 per person, or $400,000 per family of 4 is FINALLY coming due and is expected to be paid back, or at least substantially paid back.
If not, we become the 21st Century of Argentina, a country that dropped from First World status, to Third World status.
Plus, Putin will win in Ukraine, since we simply won’t be able to print the money needed to fight him.
Stormy.
A de-industrialized America will do very poorly as the dollar is no longer the primary currency for world trade.
We have been able to export our inflation to the world in exchange for cheaper goods and materials. That will come to an end in short order. The welfare state that was financed by that inflation will come to an end as well.
Higher prices for everything, a declining standard of living for most people, and a spectacular finish of hyperinflation that collapses our economy, civil war, and a replacement of the US Government is the predictable consequence. The replacement government will not include any of the current political celebrities. It will be interesting and exciting times (that's not a good thing).
The ones who get through it will put the pieces back together. What that will look like remains to be decided.
At some point, the dollar will not be the world reserve currency. You can fill in the blanks afterwards and what it means here and abroad.
Classic Triffin’s dilemma
A country whose currency is the world’s reserve currency must supply its money to the world to use, usually by runnng persistent trade and current account deficits
Eventually, reserve currency status and well-being of citizens and government eventually come into direct conflict.
In my opinion, this is the real reason behind Russia’s push into Ukraine. It was supposed to change the energy politics by giving Russia a near strangle hold on EU energy dependency. Only that did not happen.
BRICs vs Dollar, that is the real power struggle.
I agree. This is the real event.
Marco Rubio even has a bill to fight this.
Crippling Unhinged Russian Belligerence and Chinese Involvement in Putin’s Schemes (CURB CIPS) Act
😂😂😂😂😂😂😂😂😂😂
That is actually the title.
I was hoping creepers could fill in the blanks.
Not creepers.
Freepers
just wait till there’s no such thing as the “dollar” to make black market local currency trades... fun times
Very good point.
yup, things get real, real fast... black market goes toes up except for barter
It could possibly resemble “Mad Max.”
silver or lead
“While freepers argue about battlefield stuff, the dollar is dying internationally.”
I think it’s best not to hold premature funerals.
Every fiat currency is precarious by nature, but the dollar is the least precarious, not just because of its status as reserve currency, but primarily because of the dominance of the United States, both economically and militarily.
Now China may have outstripped us in exports, but not in productivity, nor in, I think, the general health of their economy. And there is simply no real comparison militarily between the US and any current nation or alliance of nations. So if the US dollar is to come crashing down, it’s going to more likely happen due to our own negligence and mismanagement (which Biden & co are happy to try) than because of competition or scheming by other countries.
“A country whose currency is the world’s reserve currency must supply its money to the world to use, usually by runnng persistent trade and current account deficits
Eventually, reserve currency status and well-being of citizens and government eventually come into direct conflict.”
Worth adding to the list of reasons for “the fall of Greece” and “the fall of Rome.”
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