JUST IN – Fed Chair Powell: "Rapid changes are taking place in the global monetary system that may affect the international role of the dollar."

BitCoin Mag via SpaceXTwitter ^ | 6/17/22

[BusterDog]

JUST IN – Fed Chair Powell: "Rapid changes are taking place in the global monetary system that may affect the international role of the dollar." 👀— Bitcoin Magazine (@BitcoinMagazine) June 17, 2022

[Repealthe17thAmendment]

Yes, this gives an opportunity for an alternate and competing reserve currency to emerge centered around China. Looks like our proxy war against Russia has had some unintended consequences.
These were unintended, right?

[BiglyCommentary]

US dollar index hitting 20 year highs.

[Seajay]

You did not lose a dime - the value of your assets declined

[BiglyCommentary]

ROFLOL! The yuan will not replace or seriously compete with the US dollar for the role as the world’s reserve currency.

[zeestephen]

I am not in the prediction business.

But, as I write this, the US Dollar is trading at $104.65 against a basket of foreign currencies.

$104.65 is a twenty year high!

[mware]

Retired but I do own my home and 7 acres of land on it. As long as as ss and pension are solvent I'll be fine. Still have 30K in one financial firm.Have to check on the other two. Was suppose to start collecting from them when I turn 70 in a couple months.

[OpusatFR]

“US dollar index hitting 20 year highs.”

It has been called the least ugly stepsister by pundits.

it was expected that the rush would be into dollars from other countries to preserve value and then, the dollar’s demise.

I think Powell is telegraphing it.

[existentially_kuffer]

ALL on dementia Joe’s watch too!

[Jumper]

I read somewhere in the past 24 hours that the USG is going to start tracking food purchases, gasoline, and there are proposals to allow the energy providers such as public works commissions to determine how much electricity and gas we can buy with cut offs.

[BusterDog]

“$104.65 is a twenty year high!”

*****

Short term. Very short term.

[BusterDog]

“As long as as ss and pension are solvent I’ll be fine.”

*****

Corporate pensions will suffer better than government pensions, which could go to zero.

[mware]

Well if they both go, this country is looking at the worse of the Depression 1920’s style.

[M Kehoe]

And they cannot buy or sell unless having the mark on their forehead or arm. And that is the mark of the Beast. And his mark is six score and six.

ESG tyranny, climate change hoax, social scoring..

Buckle up buttercup, we in for a wild ride.

5.56mm

[McGruff]

Biden’s fault long before Ukraine came into play. But he needs a scapegoat.

[Tench_Coxe]

Remember Kissenger's comments at Davos this year?
I think he had something like what you're saying in mind when he made those comments.

IMHO, it could bring down the WEF/globalist infrastructure built since Bretton Woods.

I would try and be out of debt as much as possible if those money holders are correct.

[BiglyCommentary]

You can’t replace something with nothing. A favorite saying for currencies traders is “The dollar is the prettiest dog in an ugly dog contest.”. “But,but,but the yaun...”. It’s been a reserve currency for about 7 years and is still only about 3%. Ask yourself why.

[gunsequalfreedom]

Worthless money dumped in the gutter of a Venezuelan street.

[tired&retired]

I expect our enemies like China, Russia, and Iran will make their moves about August 15th as they want to get done by the November mid term elections.

[BiglyCommentary]

And what “moves” are you expecting? What “moves” could they make?

[BiglyCommentary]

So what currencies in the index will get stronger?