Reply to thread

Message

<blockquote data-quote="Garraty_47" data-source="post: 886974" data-attributes="member: 1547">I forgot to mention one thing......if you want to worry about something devaluing the almighty dollar you might rather focus your attention on the rise of BRICS and multi-polarity more broadly. The days of greenbacks being used as the world's default reserve currency could well be numbered and not a large number either.There too we've only ourselves to blame since our over-zealous slapping of sanctions and tariffs and embargoes and asset forfeitures on anyone who looks at us funny has incentivized the rest of the world to dump dollars and do deals in their own currency or a non-western currency like the yuan. It makes all the sense for other nations to insulate themselves from our bullying diplomacy and predatory deal-making. Unfortunately that also means the dollar won't be artificially propped up anymore by the global markets which won't need or even want to hold any more dollars than they absolutely need to, an amount that's already shrinking and won't be going back up any time soon.If anything crashes the dollar and subsequently our economy it will be that, not domestic players shooting themselves in the foot because they don't like Trump.The world is changing and there's fuckall we can (or should) do about it except face it with open eyes.If you need nightmare fuel think globally, not locally.</blockquote>

[QUOTE="Garraty_47, post: 886974, member: 1547"] I forgot to mention one thing... ...if you want to worry about something devaluing the almighty dollar you might rather focus your attention on the rise of BRICS and multi-polarity more broadly. The days of greenbacks being used as the world's default reserve currency could well be numbered and not a large number either. There too we've only ourselves to blame since our over-zealous slapping of sanctions and tariffs and embargoes and asset forfeitures on anyone who looks at us funny has incentivized the rest of the world to dump dollars and do deals in their own currency or a non-western currency like the yuan. It makes all the sense for other nations to insulate themselves from our bullying diplomacy and predatory deal-making. Unfortunately that also means the dollar won't be artificially propped up anymore by the global markets which won't need or even want to hold any more dollars than they absolutely need to, an amount that's already shrinking and won't be going back up any time soon. If anything crashes the dollar and subsequently our economy it will be that, not domestic players shooting themselves in the foot because they don't like Trump. The world is changing and there's fuckall we can (or should) do about it except face it with open eyes. If you need nightmare fuel think globally, not locally. [/QUOTE]

Name

Verification