mce

There's a reason the US Fed has now gotten into the business of bailing out foreign government's currency reserves... It has to do so to keep the US dollar's house of cards intact.

But the SMART MONEY (global currency traders) aren't getting fooled. See: https://www.reuters.com/article/us-c...-idUSKBN23J2ZE

Is it only a matter of time until the USD gets devalued and STAGFLATION returns to the USA?

Is it time to look somewhere else... like CRYPTO as an alternative to FIAT (aka FUNNY) MONEY????

Just asking for a friend

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wankawonk

well the smart money is on USD not being the reserve currency 20-30 years from now

the smart money is also not on crypto being the replacement

mce

Which FIAT is this 'refuge' currency you seem to be hinting at?

Impress me

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OneHungLo

USD ain't going anywhere dude.


Again, we are the economy that matters. As an internet marketer you know where the most import geo is. Everyone in the world needs access to the US market. That's where all the people are with all the money. And if you think we're going to be accepting yuans or rubles you're crazy

US dollar reigns supreme because we matter the most.

jscott

Even the worlds top economy with the most corrupt government can be irresponsible and lose their footing

lock

With countries owing money it would be difficult to speculate but the immediate reaction may take place.

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Idigmygirls

The USD is absolutely going to collapse. We are seeing that happen already.

I suspect there will be one final "blow off top" for the USD where it will become significantly stronger than it is today (due to USD funding crisis in which foreign entities who have debts denominated in USD will have to convert local assets to buy dollars. This will happen because they will have cash-flow crises resulting from Covid sales collapse).

Once the last of these dollar crises have passed, the tidal wave of Fed printing will burst the dam. The world will be flooded with US dollars, and the Fed will be unable to reduce the supply (they have printed to monetize the Treasury debt, and so they have no ability to reduce the supply of cash they've effectively counterfeited).

When that happens, there will be massive inflation and a very very rapid flight out of US dollars.

The best option (In my non-professional opinion, so this is NOT investment advice) is to hold physical gold (coins) and Bitcoin.

I believe Bitcoin has better upside potential, but there is a risk that the blockchain is hacked (two ways to hack the Bitcoin blockchain that would bring the value to essentially zero). The other risk to Bitcoin is that the Internet goes offline (an EMP or an attack could do this) in which case the value would be unaccessible. Barring these contingencies, Bitcoin is much easier to trade and use than gold coins, so it will be the first non-fiat currency that people scramble to buy in a dollar collapse. The price could explode higher.

Gold, on the other hand, has a very very very long history of being money. It is likely to increase in value 20-50x in a dollar collapse. But still would be less than Bitcoin imo.

If it were me, I'd be in gold ~75% and Bitcoin 25% (of the amount I was looking to protect. Obviously, most of my savings would continue to be in my local currency, since that's what my bills and contracts are in)

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mce

It's not like it hasn't happened before

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pimpmaster9000

dude, only a small fraction of the population of the planet are internet marketers...the rest give no shits...let that sink in...only a tiny tiny tiny portion of the world give a shit about what you wrote...

however...

99.999999% will be very very angry if your hot air bullshit $ ends up costing them money due to devaluation...they will drop you like a hot rock and you know it

soon american...soon you will have to work for a living

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PaperstreetWinston

Im sure there's gonna be a dip, but then again the US is part if not mostly running on a war economy. Reason for all those tanks, planes, ships and subs and not to mention bases all over. It aint pretty (and might actually meet some resistance) but all it needs is a little flexing of those war muscles and boom, economy fixed.

Im not an economist so pls be gentle when you call me out.

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trevesty

USD isn't being heavily invested in right now because the interest rate is low. That's pretty easy to figure out.

The USD won't lose reserve status until our entire country, and thus our military, collapses. As long as we can reach out and touch anyone with our military within a matter of a few hours, the USD will maintain reserve status. Full stop.

pimpmaster9000

this is exactly what the UK thought and they they went broke and could not keep their death grip on the world...history is about to repeat itself, because you may be able to reach, but china and russia can reach back...it is only a matter of who has more to lose....spoiler alert: not russia and china

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george MH

USD is not going anywhere, just will share the cake with another currency

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Idigmygirls

If you actually examine the military capabilities of the three countries (US, China and Russia) most people would be shocked at what they find.

In reality, both Russia and China have huge military superiority to the US. The only reason the US appears to be dominant in this arena, is that the military in the USA is unhinged and shown reckless regard in their willingness to cause casualties all over the world.

Both China and Russia have hypersonic missile technology that is already in series production and deployed. What that means is that either country can currently destroy any military asset anywhere on the planet with zero possibility of defence. That means that these missiles cannot be stopped by any existing military technology.

What that really means is that all US aircraft carriers and battleships can simply be sunk no matter where they are in the world in less than 10 minutes by either China or Russia. Any air base can be obliterated in under 10 minutes (including bases inside the USA).

The USA does not have ANY hypersonic capabilities in the field yet.

The reason Russia or China hasn't done this, is because the likely response (the only possible thing that could "level the field") from the US would be a nuclear attack, which would result in a nuclear response and an end to all human life.

So in reality, it is only mutually assured destruction and the rational heads of state of Russia and China that allow the US to pretend that it has military superiority. In reality, the US cannot use its military against either of these powers as they have the actual superior forces in the real world.

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OneHungLo

I guess you didn't understand my point.

People buy and sell shit on the internet...you know, global ecommerce .

And there is one very important geo to probably every business online no matter where they are in the world....you already know what that geo is...by a country a mile.

pimpmaster9000

we live for the day we stop giving you real goods and services in exchange for your scam printed dollar...if you think we are standing in line to be robbed by you, this is because you are a silly american...

your country is a cancer on the decline...just like the UK was...your scam relies on your ability to project violence on the weak...and this is diminishing just like the UK...you are shit in debt and you are pissing the world off more and more...carry on

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trevesty

Hmm, that illustrates a pretty fundamental misunderstanding of the collapse of the British Empire. The first and second World War left them pretty weakened and depleted in many ways - not only that, the first World War, but 2nd WW especially led most of their colonies towards an independence worldview. Their "power" came from being able to recruit troops from all of their colonies; not just the UK itself.

None of those are problems for the US right now. A carrier group can sit nice and safely at sea and take out most nations' important infrastructure within a matter of days without a troop ever setting foot on land, if they really wanted to. That's just reality.

Russia and China lack equivalent naval and air power to combat the US in a total war scenario. Regardless, the likelihood of either fight happening is basically none.

pimpmaster9000

and a single glass vial with a virus, with a sleeper agent in some 3rd random country, can send the entire fleet home...this is also reality...the scam of conventional warfare, bows, arrows, sticks and stones, has passed...terminators are being built...nobody is thinking about carriers and tanks and bows and arrows outside the US military industrial complex any more...that is just reality...

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_Richard_

think US is behind bitcoin and the plan is to attempt to push reserve on to that

mce

That would be a smart move. Unfortunately, most if not all govts are addicted to FIAT funny money. It's so much easier to manipulate than BITCOIN which has a FIXED base unlike the typical Central Bank's HELICOPTER PRESS

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_Richard_

yes, but bitcoin versus the prospect of china having the reserve currency?

mce

It really all boils down to what the Chinese will do with all those US Treasury bills

If that shoe drops, it's gonna be a free for all

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OneHungLo

Yeah but China isn't going to sell all their treasuries. If they did, bond prices would plummet and erode their value.

xxxclusive

The USA is just the host of a globalist parasite which rules via a powerful deep state and operates via UN and NATO.

The goal must be to free the USA and its people from this parasite. Trump declared war on that parasite and that's why he is massively under fire and it atm seems this parasite is even willing to push the whole country into a civil war to defend its power.

OneHungLo

If you said this a few years ago I would label it as crazy talk but it's pretty wild the amount civil unrest that is going on in this country. And it's not organic. There is something behind all this and you're probably right. They can't handle another 4 years of Trump and his nationalism.

Just look at all the American haters on this board. We all know who they are. You will not find ONE of them that likes Trump.

pimpmaster9000

the USA is a terrorist state, the US economy is a gangster economy...you dump your inflation on others via printed out of thin air money and you pretend to be a great economy...

shit I would be the best economy in the world if I could force everybody to accept pimpmaster dollars...I could buy the USA no problem...can I buy your house for pimpmaster dollars? no? didnt think so

we will be free from the USA one way or the other...americans will have to start working for a living

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xxxclusive

You believe the US government controls the Fed which creates trillions out of thin air? Just check who founded the Fed in Dec 1913... big banksters of the tribe with european roots. And that shortly after this the first big world war started must be coincidence.

The next one who will chain us to their currency then will be the chinese and I dont think the will be fairer.

xxxclusive

Indeed times change and I also wouldn't have wrote that 5 years before. Those unrests which aren't based on facts (as more whites are victim of black crimes) are funded and organized as well pushed by mainstream media.

Likely the open society foundation stucks behind it. Always follow the money. Anyway I am thankful that the masks finally fall, but it's quite shocking how deep those neo marxists penetrated the whole society and institutions. It's a huge mess in the whole west.

Combined with this pushed Corona hysteria and economic crash there could be smth big going on, it looks like globalsts want to create a maximum of chaos to change the order or at least preventing Trump from getting re-elected.

ilnjscb

Wow, this Canadian hates the USA but knows all the martial strengths of China, Russia, AND the US! Those nations will be so surprised that their secrets are all open to the Canadian Sorcererrrrrrrrr!

pimpmaster9000

as long as the west falls, the 3rd world gets a new dice roll...china was always better to the 3rd world than the bomb dropping, chemical weapon using, inflation dumping west...

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ilnjscb

When was the last time you were in China? I don't believe you are correct, and you certainly won't be posting on the internet about how you are treated by China.

Kolargol

powerful deep state?

chrys

I don't think USD go out from business in in a few decades. Oil trade is based on USD

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pimpmaster9000

compared to the west, anybody is good...its a new roll of the dice...could go both ways...with the west our chance is always 0...a roll of the dice is a huge opportunity...

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mce

Inflation is wrecking the USD's foreign exchange rate

Still....

All bets are off until CHINA unloads its TRILLIONS of US treasuries

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ANAL PASTE

"we" as in "Serbia" ?

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ANAL PASTE

He is too busy investing in Dominican Rep. real-estate market to visit China.
The only thing China cares is China. Naive little Serb.

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OneHungLo

he loves communism because he's a typical lazy serb.

pimpmaster9000

we, as in, most of humanity...one country will start selling nukes to the others sooner or later...we will be free from you terrorists


yes but in the USA hate against other countries wins elections...china does care only about china...but the USA literally hates the living fuck out of 2/3 of humanity...it is not a hard choice to pick your favorite when it comes to USA vs china...

your inflation dumping scam is coming to an end whether you like it or not...look at mexico to see the future of your country

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_Richard_

you're european? interesting perspective

pimpmaster9000

what is even more interesting is that americans consider themselves the "better alternative"...comedy 10/10...

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ilnjscb

Having worked in both nations, I will tell you that you will prefer the US as a hegemon to China. A big, chaotic rich nation, even if you think they're arrogant war mongering assholes, is better than 1984.

artwilliams

The USD is the world's reserve currency as a result of the Bretton Wood's Conference. Nothing more, nothing less. There is no obvious reason why this would change any time soon.

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ANAL PASTE

We only hate the lazy kind. The rest we are very cool with. But you more then welcome to drool.

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ANAL PASTE

Serb. Hardly "a European". Ask any real European in Sweden or Belgeum if they share his jealousy. Nope.

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SekobA

My savings are in CHF, i have never liked USD since it goes up and down all the time

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pimpmaster9000

I am 3rd world and we are 2/3 of humanity...half of this is nuclear already...nobody is jealous of your racist crime fuck hole, we just want you gangsters to stay the fuck home and work for a living instead of dumping inflation on the poor so you criminals can pretend to be a "super power"...you are a "super power" as much as the mexican cartels are "super powers"

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ANAL PASTE

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~Evilin~

disagreed
USD is a guarant of stability of all world's economics

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jscott

you call this a stable currency guarantee?



Cash is trash

only use for tool for things today... if stacking paper for future, you're paying an extra (inflation) tax to "the man"