Debt Rattle May 11 2022
Home › Forums › The Automatic Earth Forum › Debt Rattle May 11 2022
- This topic has 45 replies, 24 voices, and was last updated 2 years, 9 months ago by
Just Some Randomer.
-
AuthorPosts
-
May 12, 2022 at 1:41 am #107782
Michael Reid
ParticipantDoug Casey on the Rise of BlackRock and Fascism in the US
May 12, 2022 at 2:04 am #107783Figmund Sreud
ParticipantHelmer 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
F.S.
May 12, 2022 at 2:04 am #107784WES
ParticipantWorld’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!
May 12, 2022 at 4:26 am #107785zerosum
ParticipantLiving 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 $USMay 12, 2022 at 4:32 am #107786Mister Roboto
ParticipantAnd what’s more, it’s all money being dumped down rathole because Ukraine is losing badly.
May 12, 2022 at 7:56 am #107787Just 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.
-
AuthorPosts
- You must be logged in to reply to this topic.
Sorry, the comment form is closed at this time.