Anonymous
04/18/2022 21:08
Subject: Chance of USD collapse, hyperinflation, loss of reserve currency status, etc
WTF, OP?
Anonymous
04/18/2022 21:06
Subject: Re:Chance of USD collapse, hyperinflation, loss of reserve currency status, etc
Anonymous wrote:
Russia's economy is 99.3% collapsed. How could the ruble replace the dollar as reserve currency? What even is the train of uninformed babble that led a "guru" to that conclusion?
Stop clicking those links, the algorithm is only going to send you crazier and crazier sh*t when you indicate interest.
Their argument was largely driven by the fact that Russia is a huge exporter of essential commodities like oil, gas, grain, etc and a huge percentage of the world's grain supply comes from Russia, Ukraine, or countries controlled by the Kremlin. Also it looks like China will be supporting Russia and India is remaining neutral. It's mainly Western Europe and North America who are against Russia while the rest of the world is friendly/neutral. Western countries are either dependent on Russian natural natural resources and/or their manufacturing base has been hollowed out and thus would struggle to sanction China without crippling their own economies.
The US is the top producer of oil in the world. We do not need to import any oil. We do not rely on Russia for oil. We are also the top producer of corn (by far). Together with Canada we produce as much wheat as Russia. But what is most important is what others have said . . . we have RULE OF LAW and NO DICTATOR. We are stable. Nobody wants to use yuan or rubles!
China will not be supporting Russia. Russia is a failed and bankrupted country and China needs the US as a trading partner.
Anonymous
04/18/2022 20:59
Subject: Chance of USD collapse, hyperinflation, loss of reserve currency status, etc
Anonymous wrote:Anonymous wrote:Anonymous wrote:Russia's economy is 99.3% collapsed. How could the ruble replace the dollar as reserve currency? What even is the train of uninformed babble that led a "guru" to that conclusion?
Stop clicking those links, the algorithm is only going to send you crazier and crazier sh*t when you indicate interest.
Their argument was largely driven by the fact that Russia is a huge exporter of essential commodities like oil, gas, grain, etc and a huge percentage of the world's grain supply comes from Russia, Ukraine, or countries controlled by the Kremlin. Also it looks like China will be supporting Russia and India is remaining neutral. It's mainly Western Europe and North America who are against Russia while the rest of the world is friendly/neutral. Western countries are either dependent on Russian natural natural resources and/or their manufacturing base has been hollowed out and thus would struggle to sanction China without crippling their own economies.
That's a crap analysis.
x 1000
Anonymous
04/18/2022 18:53
Subject: Chance of USD collapse, hyperinflation, loss of reserve currency status, etc
Anonymous wrote:Anonymous wrote:0%
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.
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.
Anonymous
04/18/2022 18:50
Subject: Chance of USD collapse, hyperinflation, loss of reserve currency status, etc
Anonymous wrote:Anonymous wrote:0%
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.
OP here, agree that there is really no better alternative to a US led order. A world led by China and/or Russia will be a complete dystopia. But we might be biased as Americans and I’m not sure the rest of the world agrees.
Anonymous
04/18/2022 18:16
Subject: Chance of USD collapse, hyperinflation, loss of reserve currency status, etc
All empires end - that is a historical fact. Trying to time their demise is a fools errand. The dollar is king now; it won’t always be.
Anonymous
04/18/2022 18:08
Subject: Chance of USD collapse, hyperinflation, loss of reserve currency status, etc
Anonymous wrote:0%
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.
Anonymous
04/18/2022 17:25
Subject: Chance of USD collapse, hyperinflation, loss of reserve currency status, etc
Anonymous wrote:Lately been seeing lots of online "gurus" talking about this scenario as if it's highly likely, especially after the sanctions on Russia. Of course, I take what they say with a large grain of salt since a lot of them are crazy right wingers or those who hate the West and want it to fail.
That said, what do you think the chances are of the following
- US not being able to service its debt if interest rates rise
- USD losing reserve currency status to the Ruble or Yuan
- hyperinflation
- massive depression on the scale of 1929 or worse
There is no chance of defaulting, losing reserve currency status or hyper inflation. The pandemic has shown us how fragile our supply chain is. A prolonged global war or deadlier and more contagious pandemic could potentially crash everything on the scale of 1929.
Anonymous
04/18/2022 17:21
Subject: Chance of USD collapse, hyperinflation, loss of reserve currency status, etc
Anonymous wrote:Lately been seeing lots of online "gurus" talking about this scenario as if it's highly likely, especially after the sanctions on Russia. Of course, I take what they say with a large grain of salt since a lot of them are crazy right wingers or those who hate the West and want it to fail.
That said, what do you think the chances are of the following
- US not being able to service its debt if interest rates rise
- USD losing reserve currency status to the Ruble or Yuan
- hyperinflation
- massive depression on the scale of 1929 or worse
The stupidity on that s site is boundless. It sucks sharing a planet with some of you. The problem with modern medicine and progressivism is we don’t allow for natural selection
Anonymous
04/18/2022 16:52
Subject: Chance of USD collapse, hyperinflation, loss of reserve currency status, etc
Anonymous wrote:Anonymous wrote:Russia's economy is 99.3% collapsed. How could the ruble replace the dollar as reserve currency? What even is the train of uninformed babble that led a "guru" to that conclusion?
Stop clicking those links, the algorithm is only going to send you crazier and crazier sh*t when you indicate interest.
Their argument was largely driven by the fact that Russia is a huge exporter of essential commodities like oil, gas, grain, etc and a huge percentage of the world's grain supply comes from Russia, Ukraine, or countries controlled by the Kremlin. Also it looks like China will be supporting Russia and India is remaining neutral. It's mainly Western Europe and North America who are against Russia while the rest of the world is friendly/neutral. Western countries are either dependent on Russian natural natural resources and/or their manufacturing base has been hollowed out and thus would struggle to sanction China without crippling their own economies.
That's a crap analysis.
Anonymous
04/18/2022 16:03
Subject: Chance of USD collapse, hyperinflation, loss of reserve currency status, etc
Anonymous wrote:Russia's economy is 99.3% collapsed. How could the ruble replace the dollar as reserve currency? What even is the train of uninformed babble that led a "guru" to that conclusion?
Stop clicking those links, the algorithm is only going to send you crazier and crazier sh*t when you indicate interest.
Their argument was largely driven by the fact that Russia is a huge exporter of essential commodities like oil, gas, grain, etc and a huge percentage of the world's grain supply comes from Russia, Ukraine, or countries controlled by the Kremlin. Also it looks like China will be supporting Russia and India is remaining neutral. It's mainly Western Europe and North America who are against Russia while the rest of the world is friendly/neutral. Western countries are either dependent on Russian natural natural resources and/or their manufacturing base has been hollowed out and thus would struggle to sanction China without crippling their own economies.
Anonymous
04/18/2022 16:01
Subject: Re:Chance of USD collapse, hyperinflation, loss of reserve currency status, etc
The USD remains teh reserve currency because it's stable and there's no viable replacement. You really think people are going to trust their money to be in Rubles? Or Yuan?
Anonymous
04/18/2022 15:55
Subject: Chance of USD collapse, hyperinflation, loss of reserve currency status, etc
Russia's economy is 99.3% collapsed. How could the ruble replace the dollar as reserve currency? What even is the train of uninformed babble that led a "guru" to that conclusion?
Stop clicking those links, the algorithm is only going to send you crazier and crazier sh*t when you indicate interest.
Stop clicking those links, the algorithm is only going to send you crazier and crazier sh*t when you indicate interest.
Anonymous
04/18/2022 15:54
Subject: Chance of USD collapse, hyperinflation, loss of reserve currency status, etc
0%
Anonymous
04/18/2022 15:49
Subject: Chance of USD collapse, hyperinflation, loss of reserve currency status, etc
Lately been seeing lots of online "gurus" talking about this scenario as if it's highly likely, especially after the sanctions on Russia. Of course, I take what they say with a large grain of salt since a lot of them are crazy right wingers or those who hate the West and want it to fail.
That said, what do you think the chances are of the following
- US not being able to service its debt if interest rates rise
- USD losing reserve currency status to the Ruble or Yuan
- hyperinflation
- massive depression on the scale of 1929 or worse
That said, what do you think the chances are of the following
- US not being able to service its debt if interest rates rise
- USD losing reserve currency status to the Ruble or Yuan
- hyperinflation
- massive depression on the scale of 1929 or worse