Posted on 04/05/2023 12:32:14 PM PDT by RomanSoldier19
Deliberate, these pukes in government want the digital currency so they can hang us with it if we don’t behave, jus t like the bastard son in Canada did to the truckers and their families
This mis-administration needs to find a way to deflate the economy. What better way than to force digital currency on us. That way they could remove 50% of everyone’s bank accounts without your knowledge, authorization or permission, and thus shrink the economy easily. They really think it would work and that we would just roll over for it. SMDH
It’s a good time to buy some SLV and some physical silver.
The Authorities act like this is nothing. What do they know we don’t? This isn’t TEOTWAWKI. We’ll be more like the UK after they lost their status with a little East Germany thrown in.
What does that mean? Sorry I’ve heard this term “weaponizing the dollar” lately but dont understand what it means.
This ⬆️
I watch Neil McCoy-Ward on YouTube and the read the Solari report.
It’s amazing how the corporate news media (government propaganda media) are screeching on and on about the Trump arrest circus and barely a peep about something that has the potential to destroy this country quicker than a world war.
It's what we did to the Russians. Denied them access to BIS and SWIFT so they couldn't conduct commerce with parties that demanded use of the USD as the "reserve currency". Forcing everyone to purchase petroleum products in USD ONLY. Those practices are getting neutered by BRICS and new agreements to settle purchases in the local currency of each country conducting business transactions without using the US Dollar as the medium of exchange. Commerce is being "de-dollarized". US Dollars held for commerce are being exchanged for goods and services from the US and not being replaced with new US Dollars for future transactions.
I totally agree. It’s always amazing when the gold bugs jump in, but there is a funny thing about the future: no one can predict it … except by shear, dumb luck.
If the dollar loses reserve status, then by default, it will fluctuate against other nations’ currencies. When that happens, overseas goods will become more expensive to Americans, and Americans may even have to curtail their international travel.
How then, will those other nations maintain their economies?
Localized trade perhaps, but I am willing to bet we will quickly see American companies bringing manufacturing back home since it will be cheaper to produce here than it will be to produce ‘there’.
So there might be an upside to this, as long as we can prevent the CBDC from being imposed to “save us”.
Ok thank you! I knew part of it was exporting our inflation by having all the countries using USD, so printing money to solve our debt problems gets spread out onto other countries, but didn’t get that other part of it.
Perhaps, but I don’t think that will happen anytime soon. Much might be said that China completed its first purchase of LNG using the Yuan rather than the dollar, but I am not so impressed. As long as Yuan is pegged to the dollar, then that purchase was still based on the dollar.
Until the CCP allows the Yuan to float against the dollar, the dollar still rules. I don’t foresee the CCP allowing that to happen because the US market for their cheap goods would collapse.
Think about it this way: if the Yuan and the dollar were at parity, everything made in China would go up by a factor of 8. Americans would then either make those products themselves or simply do without.
Indeed. Those were really crushing time in the UK post-WW2. But theirs was still a unified tribal nation with a culture of honor and dignity. Ours is now one of identity grievance and victimhood.
It will not be pretty.
That’s a really interesting perspective. Where does the factor of 8 come from. Sorry, I’m just starting to try to learn and understand more about all this.
Thanks...
Good points in there > IMO.
The factor of 8 is from the exchange rate: 8 Yuan = 1 Dollar (currently 6.78 Yuan to 1 Dollar).
If China manages to convince the world to trade in Yuan, it will have to decouple the Yuan from the dollar at some point. When that happens the Yuan will rise, and everything made in China will become more expensive by default.
People can talk about how bad it is since the dollar is the world’s reserve currency, but no other nation wants to have that responsibility. The world’s reserve currency will always be at a competitive disadvantage when compared to the other economies. This is why so many American jobs have moved overseas.
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