Posted by DigiNomad on 8th of May 2023 at 04:17 pm
Lol - Yellen "The dollar is the ultimate safe asset..."
Umm, unless you are a country that happens to have a
disagreement with the USA and has it's USD reserves effectively
disintegrated when banned from the SWIFT system. The dollar is
safe...if you play by USA rules! .....and don't mind having
your holdings devalued by incessant printing of USD. There's that
little issue.. Maybe that line by her was really a Putin
assassination attempt? Like, maybe they tried to time it with
intelligence about an upcoming meal in the hopes that he'd choke
when he heard that ridiculous statement....and hopefully die.
Better plan than whatever else it is that we've been doing over
there.
Posted by jackbnimble on 8th of May 2023 at 05:04 pm
Maybe don't start the largest war in Europe since WW2?
Russia did it to themselves, lol. What currency would you rather
hold? Yuan? Ruble? Euro? Relative to others, our inflation is
minor. Push come to shove; the sheer size of our economy,
government, and our international trade volumes makes USD one of
the safest places to store wealth.
Posted by DigiNomad on 8th of May 2023 at 06:48 pm
Safe for you maybe. Not safe if you find yourself with the USA
against you. This time it was Russia. Next time maybe it's anti Vax
protesteters? Or possibly protesting truckers (which is actually a
good analogy considering the way Canada cut off their funding
mechanism). It's a slippery slope and a major unforced error on the
part of the United States.
It’s no secret that every time budget battles go on year after
year after year it does damage to reputation and stability
of the dollar -it’s quite clear to the rest of the world that
the USA does not have its act together-
Posted by DigiNomad on 8th of May 2023 at 06:44 pm
Easy answer - If I'm a BRIC nation, with the exception of maybe
India (although they are generally Putin fans), I wouldn't want to
hold reserves in USD after the USA weaponized their monetary
system. In retrospect, 20 years from now, their will be an
easily identifiable cause and effect relationship. And then, maybe,
Americans will realize what they have lost by sacrificing reserve
currency status (or they will somehow blame higher interest rates
and the inability to conduct monetary policy in the way we've been
so lucky to have on the rich...the standard scapegoat vs the
truth).
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Lol - Yellen "The dollar
Posted by DigiNomad on 8th of May 2023 at 04:17 pm
Lol - Yellen "The dollar is the ultimate safe asset..."
Umm, unless you are a country that happens to have a disagreement with the USA and has it's USD reserves effectively disintegrated when banned from the SWIFT system. The dollar is safe...if you play by USA rules! .....and don't mind having your holdings devalued by incessant printing of USD. There's that little issue.. Maybe that line by her was really a Putin assassination attempt? Like, maybe they tried to time it with intelligence about an upcoming meal in the hopes that he'd choke when he heard that ridiculous statement....and hopefully die. Better plan than whatever else it is that we've been doing over there.
Maybe don't start the largest
Posted by jackbnimble on 8th of May 2023 at 05:04 pm
Maybe don't start the largest war in Europe since WW2? Russia did it to themselves, lol. What currency would you rather hold? Yuan? Ruble? Euro? Relative to others, our inflation is minor. Push come to shove; the sheer size of our economy, government, and our international trade volumes makes USD one of the safest places to store wealth.
Safe for you maybe. Not
Posted by DigiNomad on 8th of May 2023 at 06:48 pm
Safe for you maybe. Not safe if you find yourself with the USA against you. This time it was Russia. Next time maybe it's anti Vax protesteters? Or possibly protesting truckers (which is actually a good analogy considering the way Canada cut off their funding mechanism). It's a slippery slope and a major unforced error on the part of the United States.
It’s no secret that every
Posted by Glad on 8th of May 2023 at 08:47 pm
It’s no secret that every time budget battles go on year after year after year it does damage to reputation and stability of the dollar -it’s quite clear to the rest of the world that the USA does not have its act together-
I doubt many take it
Posted by tgo5043 on 9th of May 2023 at 09:05 am
I doubt many take it seriously . The boy who cried wolf.
As an immigrant I can
Posted by xxkumarxx on 9th of May 2023 at 07:47 am
As an immigrant I can tell you others have worst problems and don't have there act together either.
all true
Posted by Glad on 9th of May 2023 at 07:58 am
all true
Easy answer - If I'm
Posted by DigiNomad on 8th of May 2023 at 06:44 pm
Easy answer - If I'm a BRIC nation, with the exception of maybe India (although they are generally Putin fans), I wouldn't want to hold reserves in USD after the USA weaponized their monetary system. In retrospect, 20 years from now, their will be an easily identifiable cause and effect relationship. And then, maybe, Americans will realize what they have lost by sacrificing reserve currency status (or they will somehow blame higher interest rates and the inability to conduct monetary policy in the way we've been so lucky to have on the rich...the standard scapegoat vs the truth).