Collapse of dollar

[SassyLady]

He's also invading a sovereign country and making particular demands. If he was actually smart about this he would have taken these steps before becoming a global pariah. To many things need to be true for the OP to make any sense and it just doesn't pass the reasonableness test. IMHO.

Nothing Putin is doing seems reasonable. Doesn't mean it isn't happening.

[fj1200]

Nothing Putin is doing seems reasonable. Doesn't mean it isn't happening.

Putin is not going to cause hyper inflation the in the United States. The only entity capable of doing that is the Federal Reserve. Nobody will admit it but the roots of today's inflation go back to trump. biden isn't doing it any favors either.

[Kathianne]

Putin is not going to cause hyper inflation the in the United States. The only entity capable of doing that is the Federal Reserve. Nobody will admit it but the roots of today's inflation go back to trump. biden isn't doing it any favors either.

Spending priorities different, both big spenders. Covid Spending on both, though imo the front end Spending was more important. He'll the dems want more, since some unspent Covid money was used for Ukraine.

Imo the $$$ spent for vaccines, distribution, etc., was justified. The "free money " was not.

[SassyLady]

More info on Russia and how the sanctions might affect globalists climate change agenda.

https://theconservativetreehouse.com...-change-goals/

[SassyLady]

More

https://tribune.com.pk/story/2350050...h-russia?amp=1

[fj1200]

Spending priorities different, both big spenders. Covid Spending on both, though imo the front end Spending was more important. He'll the dems want more, since some unspent Covid money was used for Ukraine.

Imo the $$$ spent for vaccines, distribution, etc., was justified. The "free money " was not.

and trump's jawboning of Powell at the Fed a la LBJ and McChesney Martin.

https://www.marketplace.org/2020/10/...ound-familiar/

[SassyLady]

More about the dollar

https://www.theepochtimes.com/is-us-...k_4380256.html

[SassyLady]

Article from ZeroHedge

And I would caution people that the next time you go to make fun of a Austrian economist or a skeptic of monetary policy, that you look back on exactly how accurate predictions that were being laughed at just weeks ago are turning out to be.

I always predicted that it wasn’t a question of us all being wrong, like many people thought we were, it was just a question of when our thesis would play out.

And that time looks like now.
https://www.zerohedge.com/markets/we...l-once-knew-it

[NightTrain]

I haven't been keeping up with developments on it, but Putin's plan to only accept rubles for energy payments was rejected by Europe - those contracts spelled out US dollar or Euros, so it was a breach of contract trying to prop up the ruble that way.

[Tyr-Ziu Saxnot]

I suspect that Russia and China have cooked up a plan to gain dominance over USA.
Putin fails to see that China will stab Russia in the back to come out far ahead.
Watch as the next two years unfold.
China seeks to make its currency replace that of USA.
They damn sure will not let Russia's currency gain any sort of worldwide dominance.
In my opinion, Putin/Russia is now foolishly playing the same type of role as did Stalin to Hitler.
Before the ( should have been seen ) coming stab..-- Tyr--

[SassyLady]

From The Hill

The hegemony of the U.S. dollar was reliant on America’s hegemonic status in the world. With the world moving toward multipolarity and with the U.S. no longer the world’s largest trading nation (it is China) the power and status of the dollar could be waning as well. Given the increasing role played by China, the European Union and other countries of the global south, the dollar might just be witnessing its descent.

It is a matter of when the U.S. dollar loses its dominance among global currencies — not will. The economic sanctions following the Russian invasion could have just accelerated that downfall.

https://thehill.com/opinion/internat...dollarization/

[fj1200]

The majority of the world is not going to use a non-floating currency for reserve purposes.

[SassyLady]

The majority of the world is not going to use a non-floating currency for reserve purposes.

Source?

[fj1200]

Source?

My brain, common sense, currency markets...

Stuff like this...

https://www.bloomberg.com/opinion/ar...-won-t-be-easy

And a general non-understanding of why you so want to believe that a pissant country is going to lead the world to against the US dollar as a reserve currency when they can't even make it past Ukraine.

[SassyLady]

My brain, common sense, currency markets...

Stuff like this...

https://www.bloomberg.com/opinion/ar...-won-t-be-easy

And a general non-understanding of why you so want to believe that a pissant country is going to lead the world to against the US dollar as a reserve currency when they can't even make it past Ukraine.

Well, I have a brain as well. And common sense. And I've posted several sources that are saying the dollar is shaky.

And I have a general non-understanding why you can't even entertain the thought that China, Russia and India are working to devalue the dollar. They're finally waking up to the fact that the dollar allows the U.S. to be the power broker in the world.

And even your source says it won't be easy but didn't say it can't happen.

The WEF is also working to devalue the dollar, putting the U.S. in a position to depend on global digital currency using blockchain technology.

https://www.israel365news.com/268206...onomist-warns/