Welcome to living in interesting times

[Oerdin]

The Iraq war was about the petro dollar. Just sayin'.

Thank you for confirming, yet again, that you are low I.Q. and don't have a clue about what you are talking about.

 

[Joe]

Back to the original topic, Those who entertain the idea of the end of the US dollar's dominance will be in for a rude awakening. A lower standard of living, less purchasing power. The ripple effects would not be felt only on the US but other countries which depend on the dollar's dominance.

Ya'd have to get used to paying more, earning much less, fewer jobs etc. Probably feel like the 1930s all over again. Hard times. The era of easy money, easy times would be over.

 

[Cookie Monster]

But its not that simple @Garraty_47 & @Biggie Smiles .

What keeps America going is its partners like Japan Europe & Canada keep buying your debt to ensure global stability. We are your cash reserves even if America is broke. i suspect this is done because its allies fear beahemoths like China & Russia taking over. The US does not stand entirely alone as it gets by with a little help from its friends.

Thats what WWII was about. Competing currency blocs seeing which one would take over as the UK pound crumbled after which the US$ emerged the winner.

A collapse of the dollar might lead to a similar conflict if China thinks it can topple the a dominant currency just as Germany thought it could in the 1940s

Pax Brittanica ended in the 1920s for Pax Americana. The Brics coalition is more stable as they are not mindlessly ditching fossil fuels for no alternative.

 

[Breakfall]

Back to the original topic, Those who entertain the idea of the end of the US dollar's dominance will be in for a rude awakening. A lower standard of living, less purchasing power. The ripple effects would not be felt only on the US but other countries which depend on the dollar's dominance.

Ya'd have to get used to paying more, earning much less, fewer jobs etc. Probably feel like the 1930s all over again. Hard times. The era of easy money, easy times would be over.

You’re not that secure are you?

 

[Seamajor]

And what will Ukraine do when we find ourselves with our backs up against the wall?

Side with anyone who can continue to fund their criminal organization. Including Russia.

But don't tell that to the lemmings around here because Putin is Orange Man Bad.

He’s a murdering short man. Puffed up on steroids, because he’s almost done for.