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Are you suggesting the congressional budget office models are more or less arbitrary than yours?Originally Posted by Sparky
Or exactly as arbitrary? lol
Are you suggesting the congressional budget office models are more or less arbitrary than yours?
Or exactly as arbitrary? lol
I have gone through articles and discussions on US dollar, majority of which say that , US dollar will collapse in 2015. Also, central banks have started to raise their gold reserves, which might be the sign of US dollar collapse.
What is meant by a US dollar collapse?
I think the dollar peaked a couple of months ago. Whether it will collapse or not depends on its perception as world reserve currency, at this point I would say it's reputation is fading slowly. There are challenges most prominently if an international Yuan is launched by China, the perception can erode quickly too, is it a given that money will flock to USD in a major Middle East conflict? Price of oil would go through the roof, which should be dollar negative. Could stretched out US military even handle war with Iran, if Iran is backed militarily by China and Russia? And war with Iran is guaranteed if Israel decides to attack reactors and nuclear sites. You could probably count out most NATO allies in that situation, apart from Britain maybe. Suppose China makes Yuan international at this point, and only accepts Yuan or gold for goods.
Just thinking loud here...
Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation
I used to imagine upon some effective counterbalance to the dollar, in immediate terms. Its obvious to me now that its control is complete. Its a slow grind to incremental slashes set up by its proponents. a completely new currency with some major powerhouses needs to be tabled, there are none that are aren't already owned by the casino.
An international yuan would be monumentally resource sapping to the planet, and physically impossible fiat, imo. Kind of a re-verse in finite Bitcoin meeting the infinite market.
The dollar has to kill itself, it will eventually and most likely sooner than Sparky thinks.
You asked me this question earlier. Let me give a better answer by quoting James Rickards, from the introduction of The Death of Money.
While the word collapse as applied to the dollar sounds apocalyptic, it has an entirely pragmatic meaning. Collapse is simply the loss of confidence by citizens and central banks in the future purchasing power of the dollar. The result is that holders dump dollars, either through faster spending or through the purchase of hard assets. ... The end result can be deflation (reminiscent of the 1930s) or inflation (reminiscent of the 1970s), or both.
I could see that the international Yuan would tend to be deflationary, as the Chinese tend to save 30% of its incomes... And they would certainly save in their own currency if its value increases over the time. The printers of a world reserve currency needs to spend like drunken sailors... So that the rest of the world has anything to spend...
Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation
Maybe if they annexed Siberia away from Russia then built some huge dome to store heat in,
then they'd have room enough to inflate off and away from the dollar.
They should adopt American consumers, it is the only way of staving off WWIII...
Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation
That's too 90's, are u sure yur not related to the Clinton's?
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