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Please weigh in, economy folk. The future is?
1 posted on 01/16/2023 12:41:24 PM PST by MarMema
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To: Timber Rattler

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?


2 posted on 01/16/2023 12:48:56 PM PST by MarMema (Biden = Americans Last)
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To: MarMema

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


3 posted on 01/16/2023 12:51:08 PM PST by laplata (They want each crisis to take the greatest toll possible.)
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To: MarMema

The Fed has been reducing its dollar holdings, while other central banks have been increasing their dollar reserves at the Fed.

https://www.reuters.com/markets/us/foreign-banks-amass-reserves-fed-bracing-funding-stress-2022-10-17/


4 posted on 01/16/2023 12:51:17 PM PST by riverdawg
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To: MarMema

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.


5 posted on 01/16/2023 12:54:07 PM PST by Seruzawa ("The Political left is the Garden of Eden of incompetence" - Marx the Smarter (Groucho))
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To: MarMema
Please weigh in, economy folk. The future is?

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.

7 posted on 01/16/2023 1:01:42 PM PST by flamberge (Caveat Emptor)
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To: MarMema

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.


8 posted on 01/16/2023 1:25:53 PM PST by volunbeer (We are living 2nd Thessalonians)
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To: MarMema

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.


9 posted on 01/16/2023 1:42:52 PM PST by PGR88
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To: MarMema

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.


10 posted on 01/16/2023 3:02:21 PM PST by taxcontrol (The choice is clear - either live as a slave on your knees or die as a free citizen on your feet.)
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To: MarMema

just wait till there’s no such thing as the “dollar” to make black market local currency trades... fun times


14 posted on 01/16/2023 5:58:34 PM PST by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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