OT....For those that might have a decent idea,.....
- Thread starter tigerGUY
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The world would lose a lot of money.
Its be no different if you or I started saying that our jobs need to pay us 10 remote controls rather than $5 since remote controls are now more stable, preferred and more valuable. Your 401k, savings, etc are now worth less now as a result of your preference of remote controls.
Its be no different if you or I started saying that our jobs need to pay us 10 remote controls rather than $5 since remote controls are now more stable, preferred and more valuable. Your 401k, savings, etc are now worth less now as a result of your preference of remote controls.
This won’t happen. Stop asking. Just look at daily forex volumes. Of slightly more than $6 trillion in average daily volume, almost $6 trillion of that is the US$. What does that tell you?
That’s to say nothing of the fact that the yuan is pegged to the dollar and China among many others would get crushed because of the amount of dollar denominated/US sovereign debt they own and the fact that their economic fortunes rely heavily on dollar strength.
That’s to say nothing of the fact that the yuan is pegged to the dollar and China among many others would get crushed because of the amount of dollar denominated/US sovereign debt they own and the fact that their economic fortunes rely heavily on dollar strength.
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That seems harsh. This question is getting really old, though. I don’t know who keeps trying to conjure this bogeyman and making everybody talk about it, but it’s just not going to happen.
I appreciate your answer. I haven't seen it asked before. My stepson asked my wife this a month ago and all I could tell them is it isn't anything to worry about. I appreciate others thoughts as well.
Talking heads, the doom and gloom ones on cable and YouTube, who always have a sensational headline to get you to click and watch. I watch some of these guys, usually part of their clip and move on. I’m not educated but I’m an intensely curious person and I just want to understand how the world economy works. Basic macroeconomics.
I appreciate the common sense responses from Econ/banking guys here. I’ve always wondered how China was gonna “take the US down” when they’re so dependent on our economy and market and like some said how much invested they are here. They also have massive weaknesses and fundamental flaws in their whole system but that’s a topic for the other board.
Jeez I'm not even this much of a prick.
Oh hell yeah, sounds like my remote control collection is finally going to pay off.
My nephew keeps reading these doomsday economist books and telling me to buy silver. It's usually those types. If you look at the price of commodities over the last 50 years it seems there's a whole economy of pumping up fear over the dollar to drive purchases of commodities as an investment. Then the grifters dump their assets for dollars and the commodities values plummet as supply increases. Then they do it all over again in another 10 years to the next generation of rubes.
The last “New World Order” is over. The world is way too intertwined financially these days with everything based around the US dollar. I just don’t see this being a concern.
Now, getting my pool clear this year….that is a BIG concern so far. 😂
Now, getting my pool clear this year….that is a BIG concern so far. 😂
The dollar will crash and be replaced by the Central Bank Digital Currency. Every purchase you make will be tracked and can be shut off if you go over your monthly carbon limit. Other than that, nothing to worry about.
We'll start a war before we let that happen. We'll seriously fight for it. Well, not us but our kids.
Not a terrible idea to buy a little physical gold and silver opportunistically when spot prices drop below certain thresholds. Probably not something you want to do a lot of unless you have a ton of excess liquidity. They’re both pretty expensive, currently. Gold, historically so.
Your user name when answering this cracked me up! 3D chess move there!
It’s well-known that there is an inverse correlation between precious metal and food insurance commercials and the reliability of the host news source.
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