the dollar would need actual value in the first place to weaken lmao all it takes is for the general population to stop sucking at math and it is over for fiat but morons are morans lmao
The USD is backed by an extortion racket. For real. That is no exaggeration. Artificially high demand for USD is created by forcing oil producing nations to make their oil sales in USD. This has been the case for the last 50 years and is the reason for the constant U.S. interference in the middle east. It began in the 1970's. In classic mafia style the Nixon administration offered the oil producing nations "protection" from their enemies. In return for that protection they must promise to make their oil sales in USD. If they refuse that protection and decide to make oil sales in other currency they will be overthrown/invaded/destroyed.
This is why USD is world reserve currency. As long as there is oil to be paid for, there will always be demand for the USD on the world currency markets. Where there is demand there is value.
Main reason: Milkshake theory is why. Second reason: The Yuan couldn't replace petrodollar - not enough peripheral demand and Yuan is too weak. US could just sell a bunch of Yuan debt and buy Dollar debt causing a Yuan crash.
I proposed this a few days ago and caught flack. Basically the solution to our current fiat fiasco is a return to sound money using petroleum (and other commodities)
Majority of the world's nations have lost all faith in the US dollar as they have seen it's weaponization against Russia in action.
Nations are now actively developing alternatives to the Anglo-American global financial system, especially the BRICS + Saudi Arabia which are around half of the earth's population and a quarter of its GDP.
We are witnessing a bipolar world being formed (Western World vs Russia & the Global South).
The only option the Anglo-American empire will be left with is to start WWIII against a Sino-Russian alliance (and possibly Iran, India, etc) to maintain their hegemony, which hopefully does not come to pass as it would mean a nuclear holocaust.
I agree with this. Wildcards are India and Brazil. There are other unknowns but those two matter. FWIW Trump figured this out and prioritized and succeeded at building relations with them.
Yeah, same here. I still think it will take a lot more time to dethrone the dollar.
People are also not considering all the failed states who will demand dollar, since it will also become their de-facto official currency. It started with Lebanon which is inconsequential, but once Turkey moves onboard and uses Dollars instead of Lira, Egypt, and few more south American countries, it will prop the dollar up and increase its shelf life.
I disagree since the inflation genie is already out of the bottle, which is the reason why capital would cycle from overpriced blue chip stocks into undervalued commodities in the first place.
Recession will be met with the same bullshit Keynesian (money-printing) policies, that will further eroding the purchasing power of the dollar and impoverish the working class, even their ability to put food on the table.
We are at the end of a long-term debt cycle, cannot raise rates in any significant way, and currently have negative real interests rates.
The only way forward is a new monetary paradigm (technocratic cashless social-credit system society).
Digital ID and programmable Central Bank Digital Currencies (CBDCs) will be central to achieving the "Great Reset".
Agreed. Asset inflation will also likely continue for some time, so those that already own things increase their wealth (real estate, gold & silver, perhaps crypto, etc).
Our 'roaring twenties' could also lead to a dustbowl as it is predicted that we reach the worst part of the grand solar minimum between 2028-2032.
If there is one thing we should focus on it is achieving food security. And if possible moving closer to the equator/to a more hospitable climate as the Earth cools to ensure our survival.
the dollar would need actual value in the first place to weaken lmao all it takes is for the general population to stop sucking at math and it is over for fiat but morons are morans lmao
The USD is backed by an extortion racket. For real. That is no exaggeration. Artificially high demand for USD is created by forcing oil producing nations to make their oil sales in USD. This has been the case for the last 50 years and is the reason for the constant U.S. interference in the middle east. It began in the 1970's. In classic mafia style the Nixon administration offered the oil producing nations "protection" from their enemies. In return for that protection they must promise to make their oil sales in USD. If they refuse that protection and decide to make oil sales in other currency they will be overthrown/invaded/destroyed.
This is why USD is world reserve currency. As long as there is oil to be paid for, there will always be demand for the USD on the world currency markets. Where there is demand there is value.
Main reason: Milkshake theory is why. Second reason: The Yuan couldn't replace petrodollar - not enough peripheral demand and Yuan is too weak. US could just sell a bunch of Yuan debt and buy Dollar debt causing a Yuan crash.
Yuan fluctuates like bitcoin, why not buy oil in whatever your country’s funny money is to whichever currency is weakest?
I proposed this a few days ago and caught flack. Basically the solution to our current fiat fiasco is a return to sound money using petroleum (and other commodities)
Majority of the world's nations have lost all faith in the US dollar as they have seen it's weaponization against Russia in action.
Nations are now actively developing alternatives to the Anglo-American global financial system, especially the BRICS + Saudi Arabia which are around half of the earth's population and a quarter of its GDP.
We are witnessing a bipolar world being formed (Western World vs Russia & the Global South).
The only option the Anglo-American empire will be left with is to start WWIII against a Sino-Russian alliance (and possibly Iran, India, etc) to maintain their hegemony, which hopefully does not come to pass as it would mean a nuclear holocaust.
https://www.wsj.com/articles/saudi-arabia-considers-accepting-yuan-instead-of-dollars-for-chinese-oil-sales-11647351541
https://www.ft.com/content/a5ee2d6b-693f-475d-80c6-0036c2657ef1
I agree with this. Wildcards are India and Brazil. There are other unknowns but those two matter. FWIW Trump figured this out and prioritized and succeeded at building relations with them.
If the US begins sanctioning India then they will have made their decision for them.
I think their plan is to use inflation to wipe out their debt but to use inflation to cause our debt. It's a wealth transfer mechanism.
I wanted to add that china definitely wants to dedollarize but it will take time and capitulation from America for this to happen
Yeah, same here. I still think it will take a lot more time to dethrone the dollar.
People are also not considering all the failed states who will demand dollar, since it will also become their de-facto official currency. It started with Lebanon which is inconsequential, but once Turkey moves onboard and uses Dollars instead of Lira, Egypt, and few more south American countries, it will prop the dollar up and increase its shelf life.
I disagree since the inflation genie is already out of the bottle, which is the reason why capital would cycle from overpriced blue chip stocks into undervalued commodities in the first place.
Recession will be met with the same bullshit Keynesian (money-printing) policies, that will further eroding the purchasing power of the dollar and impoverish the working class, even their ability to put food on the table.
We are at the end of a long-term debt cycle, cannot raise rates in any significant way, and currently have negative real interests rates.
The only way forward is a new monetary paradigm (technocratic cashless social-credit system society).
Digital ID and programmable Central Bank Digital Currencies (CBDCs) will be central to achieving the "Great Reset".
Agreed. Asset inflation will also likely continue for some time, so those that already own things increase their wealth (real estate, gold & silver, perhaps crypto, etc).
Our 'roaring twenties' could also lead to a dustbowl as it is predicted that we reach the worst part of the grand solar minimum between 2028-2032.
If there is one thing we should focus on it is achieving food security. And if possible moving closer to the equator/to a more hospitable climate as the Earth cools to ensure our survival.
NOTHING TO SEE HERE!!!
SITUATION UNDER CONTROL!!
Can I ask you for more detailed information, if that's okay?
I'm listening and I'm awaiting for this moment of the de-dollarification. This guy speaks so fast. He's highly intelligent. Maybe I should subscribe.
the value of the dollar is based on how strong of a hellfire you get on your head if you refuse it