You're not entirely wrong either.Uh-oh. US dollar collapse incoming. Unless we start dropping bombs, of course. Bombs fix everything. For a while anyway. I only half joke.
You are not wrong…Uh-oh. US dollar collapse incoming. Unless we start dropping bombs, of course. Bombs fix everything. For a while anyway. I only half joke.
Uh-oh. US dollar collapse incoming. Unless we start dropping bombs, of course. Bombs fix everything. For a while anyway. I only half joke.
I'd guess less than 5% of Americans have any clue what the collapse of the petrodollar will mean.
If the masses had a clue what their lives will be like after the petrodollar falls, they'd be begging the .gov to start dropping bombs.
Who is president, who controls congress, the SCOTUS, EVERYTHING else people get worked upped about pales in comparison to what the petrodollar means in our daily lives.
Interest rates, tax rates, .gov spending, the stock market, our basic standard of living is all completely dependent on it.
100% on point.I'd guess less than 5% of Americans have any clue what the collapse of the petrodollar will mean.
If the masses had a clue what their lives will be like after the petrodollar falls, they'd be begging the .gov to start dropping bombs.
Who is president, who controls congress, the SCOTUS, EVERYTHING else people get worked upped about pales in comparison to what the petrodollar means in our daily lives.
Interest rates, tax rates, .gov spending, the stock market, our basic standard of living is all completely dependent on it.
Since we're only talking about opinions, I'll offer mine. If the US dollar loses reserve status, our money becomes worthless in any affective sense. When we hear a loaf of bread in Mexico cost 10,000 pesos, we think 10,000?!? Holy cow! We might want to get used to the idea of a loaf of bread costing thousands in US dollars. Nobody will want our money. We won't be able to pay our debts (we're not going to anyway, but for different reasons). I believe, and I can be 100% wrong, that bombs and a digital currency will be America's way of dealing with a dead dollar. If we blow up enough **** and install a digital currency, we might, might, be able to maintain our historical global hedgemony. Short answer - without the petro dollar/reserve currency/financial hedgemony our dollars will be used as kindling because real kindling will be worth more.Whats this do to the dollars value. 50% drop? 75% drop? I hear lots of opinions thrown around online.
Well...Currently and for the foreseeable future the US dollar (FUSA) is still the best looking horse in the glue factory.
Just another opinion, but here's mine. The only value the US dollar ever had, even when backed by gold, was "purchasing power" as a currency. Right now the purchasing power of your currency will allow you to go to walmart or name your big box store of choice and buy cheaply produced goods from all over the world for very affordable prices. Supply of those goods are currently very high. Look at what you can still get on amazon for next to nothing shipped to your door overnight. When the dust has settled and the US is done being the world's currency pimp the rest of the world is going to have other options available to them that weren't previously there.Whats this do to the dollars value. 50% drop? 75% drop? I hear lots of opinions thrown around online.
You could talk me into this pretty easily. At least for a period of time.I think we should immediately stop sending aid to countries
What about the debts we have with them?Any nation joining this party should be forced to settle any delinquent debts they have with us.
I wonder why the U.S. buys everything (seemingly, practically) from China and not Europe? What if China says, "Hey, U.S. pay us in Yuans."? Or really any other currency other than the dollar. Does that change the equation in your mind? Really the debate isn't about strength of currency currently. The debate is about the strength of our currency when other nations don't use it, buy it (our debt), invest in it or accept it at all. It isn't here yet, completely at least. But the process has begun.