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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Very high. US keeps ringing up massive debt and tries to monetize it. Saudi Arabia is now accepting the yuan for payment.  It won't happen all at once, but just as a slow chipping away.  [/quote]

100% agree. We are the reserve currency just because the oil is assessed in dollar. They saw how the Russian were quick out of the swift system and some fortune were confiscated without dual process. Do you think they want to take the risk for much longer? 
And other countries watching us how we just print money just because. What about if China decided that they can not longer want our dollars in exchange for all the crap that we brought from them? [/quote]

Russia GDP is tiny.  And China will always need access to our consumers much more than we need their exports, with few exceptions.  Still it will be tempting to inflate our way out of debt, but remember inflation had been below fed target levels for many years before the recent price spikes.[/quote]

Yes but Russia is the richest country in natural resources always be exporting. We don’t produce as much as we consume, not even close. Our economy is based on services. [/quote]

Yikes -- people believing what they hear.  No Russia is not the richest country in natural resources.  Frankly it is the US and Canada.  We can produce way more than we do.  We don't for lots of reasons.  Also please realize these Russia sanctions are never coming off.  Putin could get taken out tomorrow and unless Ted Cruz is the new Russia president (and probably then) the sanctions do not come off.  Not in the lifetime of anyone alive now.   Russia went too far.  They are unlikely to do what is needed to remove the sanctions.  Likely that would be making Ukraine whole, paying comp to anyone hurt or killed, free and fair elections, giving up nukes.  This was the Putin miscalculation.[/quote]

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