[–] bopper [S] 0 points 1 point 1 point (+1|-0) ago (edited ago)
Fascinating, and quite plausible. More likely she would have ushered in the Amero. We dodged a bullet in that regard.
Exactly right, no exit strategy now, he who rides a tiger cannot easily dismount. I have no clue how things will pan out. We all know the money is worthless and asset prices are inflated.
Everyone knows the price of everything but nobody knows the (real) value of anything. Can't raise interest rates but need to, if they're raised at all it's a disaster. Americans have been living on cheap money that other nations are forced to use by threat of war, meanwhile we ourselves have quit producing.
[–] WhyNoDonuts ago
It's hard to tell from our position (not high finance) but a big threat is appearing when china doesn't want any more of our debt. They are big enough to finance themselves,, and have made Oil and metal deals with other countries while avoiding using us dollars. That signals knowledge or fear of the dollar losing value. Everything needs a catalyst,, some event to blame. For instance, my commercial insurance went up because 911, and I have noothing to doo with any oof the companies involved,, nor am I in a big city. But you pay the new price "cuz terrists".
[–] bopper [S] 0 points 1 point 1 point (+1|-0) ago
Yeah, and if all those (digital) dollars come back home from China and elsewhere it's gonna cause massive inflation. Wow, before this pizzagate stuff I used to really be in to that, the whole China absorbing our dollars and sending us "stuff." That brings back memories. I need to get back into that. I'm getting rusty. No, the US dollar will not remain the world reserve currency, and that's gonna be incredibly tough, who knows what's going to happen. I have gold and silver and stocked food. Talk later I'm in bed, nice chatting w/ someone who understands.