Reply to Chance of USD collapse, hyperinflation, loss of reserve currency status, etc

Forum Index » Money and Finances

Reply to "Chance of USD collapse, hyperinflation, loss of reserve currency status, etc"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]0%[/quote]

This is pretty conservative.   Reserve currency status is also supported by our rule of law.  Law is predictable here. US law also is exported to World in international deals.  Also our economy can’t really be equaled.  Look at 2008.  We were back by 2013. Europe never really came back.  Hyperinflation should not work here. Where else would you go if not to the dollar.   There is literally no other place.  Not China.  Not when it is a pure dictatorship.

Things are pretty good here and people either can’t or won’t open their eyes.  [/quote]

The U.S. was chosen as the reserve currency because after WW1, the USA had 90% of the world's gold reserves.  All the other countries had spent their gold.   There needed to be a currency that could be quickly exchanged between countries to pay bills, so the US dollar was chosen.   This meant that all transactions between countries passed through US banks.     We are fully off the gold standard, but our banks still control the transactions.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics