Debt Rattle May 11 2022

 

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Viewing 6 posts - 41 through 46 (of 46 total)
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  • #107782
    Michael Reid
    Participant

    Doug Casey on the Rise of BlackRock and Fascism in the US

    Doug Casey on the Rise of BlackRock and Fascism in the US

    #107783
    Figmund Sreud
    Participant

    Helmer keeps up with his reporting on Guterres, Cadieu, … Canada’s involvement in Uraine:

    IN THE FOG OF WAR THERE’S THE GUTERRES CERTAINTY AND THE CADIEU CERTAINTY – GORILLA RADIO SEES THROUGH THE COVER-UP

    IN THE FOG OF WAR THERE’S THE GUTERRES CERTAINTY AND THE CADIEU CERTAINTY – GORILLA RADIO SEES THROUGH THE COVER-UP

    F.S.

    #107784
    WES
    Participant

    World’s reserve currencies: False Dreaming

    If like China, a country that wants to retain complete control of their currency, it becomes automatically impossible for others to use it as a reserve currency. With China there are already rumors out there that China may devalue their currency by as much as 20% because the value of the Japanese Yen has recently fallen against the USD, making China’s exports less competitive.

    So do you really want to hold Chinese currency that can be suddenly devalued by the Chinese government overnight? Besides the Chinese peg their currency and the Hong Kong’s dollar to the USD! So you might as well hold USD instead!

    Another problem of dealing with a closed currency like China is how do you earn Chinese currency? You can not! China does not run trade deficits, only trade surpluses!

    The above are the very reasons China would dearly love it if you did accept their currency! It would give them total control over you just as it does over their own citizens!

    So dreaming of creating a new fairer socialist’s world reserve currency using a basket of currencies and linked to commodities?

    Well have you noticed how stable commodity prices are these days? Yesterday? Will the commodity your country produces even be linked? If, yes, how much weight will it be given? Have you noticed how stable any basket of constantly inflated fiat currencies is today or yesterday? How much weight would your country be given in the currency basket? Besides how much gold does your country hold? Besides who gets to make these decisions anyway? The Golden rule?

    Guaranteed you won’t be a happy camper because you can’t get something for nothing! You know, like your favorite past time of printing unlimited free money! What if perennial deadbeats like Argentina and Greece want to join? Has your dream become a nightmare now?

    Will the USD remain king? For now, yes. Forever, no! The WEF wants to impose a world digital currency on even the US!

    #107785
    zerosum
    Participant

    Living example
    ” Will the commodity your country produces even be linked? If, yes, how much weight will it be given?”
    Oil in Canada should be sold for more.
    Canadian $ should be worth more than $US

    #107786
    Mister Roboto
    Participant

    And what’s more, it’s all money being dumped down rathole because Ukraine is losing badly.

    #107787
    Just Some Randomer
    Participant

    “Well have you noticed how stable commodity prices are these days? Yesterday?”

    Well – i’ve done some research into this and I can reveal that taking any given commodity, let’s say Crude Oil, 1 barrel yesterday is worth exactly one barrel today. This pattern is consistent no matter how far back I go.

    On the other hand, the quantity of fiatscos it takes to purchase one of these rock-stable barrels of oil is all over the place.

    So yeah – I don’t think it’s the commodities that are lacking in stability.

Viewing 6 posts - 41 through 46 (of 46 total)
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