Posted on 03/06/2022 9:01:16 PM PST by SeekAndFind
No they wont. Their greatest fear is all of a sudden becoming an enemy of the state like China’s richest man, founder of Alibabba, Jack Ma. Phony charges and over night their wealth is confiscated. Xi and his faction of the party wage war against competing party groups. Its like when the US rats want to take someone out who gets out of line. Since they all have dirt, it’s easy. Coooomo (hat tip to Rush, rip) is a recent example.
No rational person wants to play in a sandbox were your wealth can be stolen on a whim.
Aye, Canadian truckers and protesters took it up the wazoo before the Russians.
Apparently this is how the world operates now and listening to our government officials talk on the shows about how they would handle the truckers—it made clear they’ve had these ideas and plans for a while.
We need to revive a world outside of electronics and computers if we want to be free.
Western governments keep taking actions that push Russia further and further into China’s deadly embrace.
China has received the message loud and clear regarding sanctions. Believe it or not, with their current real estate slump and extreme leveraging of all assets, China’s economy is an even larger house of cards than the US. (30% of China’s GDP is real estate, and nearly every Chinese investor is heavy in real estate that is no longer selling.)
Attack Taiwan? Fine, keep your container ships at home and see how your economy suffers, Winnie. Russia and the few nations who have sided with them have very small economies, and that would not sustain the Chinese economy in that new financial ecosystem.
Also attacking Taiwan would logically result in the US nationalizing all Chinese assets here - a huge hit.
The reserve currency fear porn has gone on as long as the climate fear porn.
LOL. Except the West is confiscating right now....for being a Russian. Nice try though. I think you’ll see until the end of the year.
“Believe it or not, with their current real estate slump and extreme leveraging of all assets, China’s economy is an even larger house of cards than the US. (30% of China’s GDP is real estate, and nearly every Chinese investor is heavy in real estate that is no longer selling.)”
Nice job. That needs to be repeated again and again.
“The reserve currency fear porn “
As long as I’ve been alive the gold bug sites have pushed death of the dollar noise. WHY? Because if the US dollar is going to implode any moment, you dont need to be concerned about buying gold and silver from them with huge margins/markups. The other reason is just pure ignorance of what makes a currency a reserve cuurency.
The dollar should be around for at least 200 to 500 years.
What its purchasing power will be, will be recorded at those later dates.
Many “ups & downs” to come.
If people don’t like my rather large time frame:
“Tough, I’m a climate change scientist, I don’t have to be precise.”
Looks more like intended consequences.
You are wise. Remember Ruby Ridge, or Waco? As to China , their socio-economic woes will cause them to collapse inward in due time. I do feel that they will go for Taiwan, but with limited success.
Chinese currency (the renminbi) does not even trade freely on international markets. It has a fixed exchange rate, and the quantity of Chinese currency available to trade is also controlled by the Chinese Communist Party.
Finally, the international financial markets are completely ignoring EVERY threat to the US Dollar.
As I write this, the US Dollar March Future Contract is trading at 99.05, less than one penny below par.
In the last eight months, the value of the US Dollar has increased by 10%, which is a significant increase for any major currency.
You will not be free if it takes three weeks to confirm a currency trade.
Entrusting your money to the US Postal Service is not a solution to anything.
This is not the best example that you might have used. I doubt that Canadian Truckers, and anyone else on the wrong end of Government sanctions, are worried about currency trading.
Regular people want to buy food and gas, and otherwise be able to receive and dispose of the fruits of their labor, without the interference of the totalitarian state.
Physical currency - perhaps even physical money in its true sense - is key. Both are less efficient than digital currency, but while they exist as a viable alternative then the totalitarian state is limited.
Physical currency, and better, physical money are arguably like having guns: you don't use them every day, but they act as some guarantee of freedom.
(and the acceleration of China’s progress from third-world nation to global power.)
That’s what I was thinking. Maybe it’s not an accident at all./shiny side out
(another likely Lehman moment)
September, 2022? 🤔
Doubt it. I don’t think the world will rush to China’s arms after seeing them support the whackjob in Russia and his outrageous decisions.
The “demise” of the dollar as the global currency has been predicted many times before. It doesn’t happen. People trust us more than anyone else.
Not unintended, it’s intended.
Well, I can't say that. But I can say I no longer trust the American government
The Biden gang has switched from SWIFT to GRIFT.
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