[Jonty30]

China is on the way down. If the US sticks with the fundamentals, they can run the clock out on China.

However, that requires the US to be just as patient.

[delta7]

China is on the way down. If the US sticks with the fundamentals

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True, China has big problems, however, the U.S. has to deal with the world ditching their debt instruments. The U.S. is losing buyers for its Treasury notes, bills, bonds...and as they finance our day to day operation our outlook is just as bleak. Our unsold Treasuries are purchased by the Fed, increasing our debt exponentially.

....and no, Stablecoins will not fix the huge problem.

https://finance.yahoo.com/news/gold-surpasses-us-treasuries-first-203442334.html

“Gold Surpasses US Treasuries for the First Time in 30 Years...”

[DUMBGRUNT]

—”However, that requires the US to be just as patient.”

The Americans have fancy watches; the Chinese have the time.

[Tallguy]

You can’t beat something with nothing. Do the BRIC nations individually or collectively have currency that will replace the US Dollar? I don’t know. But what will they base it on? The US Dollar basically comes down to energy & banking.