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Opinion: Ignore the naysayers. Dollar dominance is here to stay
WP ^ | March 20, 2022 at 1:37 p.m. EDT | Sebastian Mallaby

Posted on 03/25/2022 6:48:11 AM PDT by GonzoII

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To: PeterPrinciple
Good thoughts. Money matters and financial basic education is being taught less in schools to the peons any longer. Back when I was in high school we were taught the fundamentals of banking. Interest rated, how to figure interest rates, Type accounts, type bonds, stocks. About the gold standard, about silver. what every bill had printed on the bottom. I do not believe that is being taught any longer.

What is being taught id Whites are bad. Blacks are oppressed. How males can be better females. The correct way for feminized males to perform fellatio./p>

21 posted on 03/25/2022 8:10:56 AM PDT by sport
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To: PeterPrinciple

The dollar or for that matter any collectively acceptable medium of currency is merely the mechanism by which the perceived value of that wealth however owned is ascertained, accessed and exchanged or acquired. Without a sound, commonly accepted currency, wealth has difficulty being created.


22 posted on 03/25/2022 8:27:34 AM PDT by allendale
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To: PeterPrinciple

Wealth is stored energy.

Which is a function that Bitcoin does rather well.

We can only hope the next reserve currency is backed with hard assets. Terra Luna’s recent move to back their stable coin with Bitcoin is a good move in this direction. Non government money backed by stored energy. It’s a beautiful thing.


23 posted on 03/25/2022 8:32:55 AM PDT by Rural_Michigan
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To: allendale

The way to understand what wealth really will be is to look at the poor third world countries.

Average citizens there cannot store wealth, because it will be seized either by rapacious government or local criminal gangs.

Without civilization and rule of law there can be no wealth—at least for average folks.


24 posted on 03/25/2022 8:36:51 AM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: sport

When did you graduate? I’m old and was taught very few financial fundamentals.


25 posted on 03/25/2022 8:44:20 AM PDT by goodnesswins (....pervert Biden & O Cabal are destroying America, as planned.)
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To: allendale

yes, money is a tool for wealth. We need to stop focusing on money and focus on wealth. What is it?

Don’t focus on the shiny thing. It is a distraction.


26 posted on 03/25/2022 8:49:27 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: GonzoII

They went too far. The dollar is going away as the world currency. Hence the frantic push to ban crypto, and issue the FedCoin.

BOTH issues are critical to the future of the United States. If you’re a Patriot, crypto MUST not be banned, and FedCoin MUST be killed.

If they get their way, everything you do will be tracked in realtime. You ain’t seen nothing yet, compared to what’s coming.


27 posted on 03/25/2022 8:49:46 AM PDT by Basket_of_Deplorables (Putin is behaving rationally. The war is on Biden and Obama.)
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To: Basket_of_Deplorables

Well said.

Thankfully, it seems the millennial generation is embracing and driving the crypto crusade and it’s already at a point where it can’t be stopped.


28 posted on 03/25/2022 8:52:12 AM PDT by Rural_Michigan
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To: PeterPrinciple

“ The dollar is the best crappiest money in the world.”

Yes. It’s like being asked which pile of dog poop is the prettiest.


29 posted on 03/25/2022 10:05:01 AM PDT by VanShuyten ("...that all the donkeys were dead. I know nothing as to the fate of the less valuable animals)
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To: goodnesswins

1960


30 posted on 03/25/2022 10:35:15 AM PDT by sport
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To: GonzoII; Drew68; PeterPrinciple; Clemenza; JoSixChip; BobL; Jim from C-Town
A favorite Excell file I compile involves GDP and national debt. The US ratio of national debt to GDP of 130% is only exceeded by three (France, Germany, and United Kingdom) of the G-20, so the dollar is in a bit of trouble.

An individual country in the G-20 might think they have a solution, but they know they must also survive during the resulting chaos as all countries rapidly seek similar solutions. They see the daunting specter of disaffected holders sending trillions of dollar denominated bonds to the marketplace when there are no buyers unless prices are severely discounted. They are also frightened by the image of a devastated U.S. economy, because feeding the insatiable desires of U.S. consumers has been a mainstay of their prosperity.

I imagine something like the final scene in “The Good The Bad and The Ugly”. The members of the G-20 are standing in a circle with open graves behind them. They are all contemplating how they are going to successfully outdraw the other nineteen members and survive the resulting mayhem, which Lee Van Cleef’s character did not.

31 posted on 03/25/2022 4:06:56 PM PDT by Retain Mike ( Sat Cong)
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To: Retain Mike

I imagine something like the final scene in “The Good The Bad and The Ugly”. The members of the G-20 are standing in a circle with open graves behind them. They are all contemplating how they are going to successfully outdraw the other nineteen members and survive the resulting mayhem, which Lee Van Cleef’s character did not.


An analysis even I can understand.................


32 posted on 03/25/2022 4:42:40 PM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: PeterPrinciple

Thank you.


33 posted on 03/25/2022 5:13:35 PM PDT by Retain Mike ( Sat Cong)
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