Tuesday, April 04, 2023
Commentary: Dethroning King Dollar
Joe Biden is dethroning King Dollar in real time. The US dollar’s financial dominance is under siege from a uniquely bad combination of foreign and domestic policies, and Americans should be deeply concerned by the fallout if the dollar loses its 80-year reign as the world’s reserve currency.
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The fact of King Dollar has been very, very bad for the USA. It has gained you nothing and has tempted American politicians at all levels into insane borrowing.
ReplyDeleteInstead of "you" don't you mean "us"?
Delete@Texan-Nope, I'm a Canucki and much further down the tax and spend rathole than you Americans. Did you know Canada once had a higher GDP, Income and standard of living per capita than the USA? Many years of soft left government destroyed that and now it's getting harder and harder left so we'll fall off the cliff soon into 3rd world poverty. I'm sorry you're following us because I had always hoped to find refuge there if and when we collapse.
DeleteHe means "them". I had nothing to do with that shit.
DeleteThe resident does not determine where the dollar lives or dies. And the powers, the real ones, are moving to defend the dollar.
ReplyDeleteNo, listen to him. We're fucked. Seriously.. petro dollar is kaput.
DeleteGo back to the Gold Standard. You can't just print more. By the way, such printing of money and the resulting inflation is a tax on everybody, particularly those with savings.
ReplyDeleteWe can't go back to the gold standard as it would expose the myth that we have gold reserves.
DeleteAmen brother! Fort Knox is empty.
DeleteFuck Joe Biden!
ReplyDeleteBest comment of the day.....hadn't heard that eloquent expression in a while, though it's in the back of my mind constantly....
DeleteThe dollar has to be destroyed to take the only armed country out of the reset. Chinese want domination (Yuan), Russians want to be left alone, WEF wants a one world government with control over everything and everyone.. which must be a crazy coincidence that is exactly what the Bible says will happen. And the world will love the guy.
ReplyDeleteThere will be no "world reserve currency" by next year.
ReplyDeleteCurrencies and economies will be backed by real money-gold/silver/commodities. This is the plan being enacted right now by BRICS and dozens of other countries.
I am not sure why Joes name come up in any discussion. The old codger has nothing to do with anything that is going on in the world. Joe was selected to be "president" for the simple reason that he lacks any intellect or initiative to be of service to the American people. He just shows up at random events and delivers some talking points he probably does not even understand. The dollar will be destroyed when the Joes handlers have completely looted the US of all its wealth. Once that is complete, these internationalists will abandon the US like a cornfield in November. People like us will be left to pick up the pieces.
ReplyDeleteThis has been coming for a long time.....
ReplyDeleteBrandon's fault!
ReplyDeleteThe pedo joe handlers cannot run this country into the shitter quick enough to make themselves happy.
ReplyDeleteFinance expert Michael Pettis has a far more optimistic opinion:
ReplyDeleteHe says the dollar as reserve currency helps the Wall St. financiers and the bossy DC pols, but hurts our economy. He says Main Street debt would go down & savings up, along with increased economic activity …
https://twitter.com/michaelxpettis/status/1640209357488140289
All it is, is another way to get rid of cash and be crypt money so they have full control it's a communist thing. New world how do you like it?
ReplyDeleteI have heard the lamentations of religious folks about how the USA is not mentioned in the book of Revelations. Well, maybe it's because the USA has been turned into a backwater country. Not even worthy of mention in that great book.
ReplyDeleteAll because of the evil ones minions wrecking destruction on/in this great country.
sat in on a lecture about money at CGSC at FT, Leavenworth back in 1985-6 I think.
ReplyDeleteanyway, the guy said that over 70% of all 100 dollar bills printed at that time where held outside of the country. and the problems we would face when that does change.
guess what ? more than a few countries are already dumping the dollar.
in the 1990's it was kind of like a dream or something. then after 9/11 shit got weird like.
but in 2008 when they bail out all of the wall street banker/fuckers by just printing money like mad. that is when I stop putting cash in the bank and started buying stuff.
and the fuckers haven't stop the presses yet. they still printing like mad.
to tell the truth, I am kind of amazed the dollar has lasted this long with the way they print it. if we make it to 2024 with it, I will be amazed. we are repeating what the Weimar republic did back in the late 1920's printing out way out of a hole of our own making.
and you just know they can't wait to raise taxes again. I know they do want to have a VAT
here like they do already in England- fuck that shit.
Did anyone think the "America was never great" crowd was going to stop at words......
ReplyDelete