[–] Maltherian1 ago 

The very second we lose the status as the world reserve currency. That status is the only reason we can borrow so much money with little immediate downside. This is China’s economic goal. Replace our currency with theirs. Suddenly our bloated military will disappear and China will dominate.

[–] Chimpfighter [S] 0 points 1 point (+1|-0) ago 

End of petro dollar

[–] Maltherian1 ago 

Exactly

[–] Tallest_Skil ago 

How about a century of inflation and then 10 billion being printed in 10 years?

[–] Chimpfighter [S] ago 

Is that a bad thing ?

[–] Tallest_Skil ago 

is unquestioned white genocide a bad thing

You tell me.

[–] muffalettadiver 0 points 1 point (+1|-0) ago 

A fraudulent election.

[–] Wheatstone 0 points 1 point (+1|-0) ago 

Credit default swaps and derivatives are even bigger now!

That was the big problem in 2008!

This is how the cabal has rigged the dollar for demolition. But Trump has been spending like a drunk sailor because he wants the dollar to crash to zero so he can replace it with real money that will cut off the Rothschild free money.

The dollar must collapse for us to be free.

All the declassified military tech can then be released to restart the economy with a bang. If that includes cold fusion that would do it all on its own.

That's why this tech hasn't been released yet. Because it would prop up this system longer.

The cabal are threatening us with a crash but Trump wants it to happen. This way he can't be blamed for all the loses when all usd denominated debt is nullified. He can blame the cabal for that.

[–] WORF_MOTORBOATS_TROI ago 

Collapsing to zero like the exchange rate falls to zero? The only way that would happen is if there was very low demand for dollars and very high supply of dollars from people trying to convert their dollars into other currencies at any cost. For that to happen there would have to be some kind of massive happening that shut down all the stock and bond markets and if there was some kind of legislation prohibiting foreign ownership of any US assets - like real estate or businesses - after a certain date which forced foreigners to sell and made it basically impossible to reinvest the money in the US. A default on the US government debt would probably be part of this. There would also have to be something to lead them to believe they would lose that money if they just kept it in the bank in the form of USD also.

In reality though, when currencies crash it is mostly a more gradual decline as a result of the government printing way too much money, usually in order to pay for government spending or to make it easier for the government to pay off its national debt. When there have been massive collapses in the value of a currency in the absence of a huge expansion of the money supply, it has been because it is a smaller country with an economy largely dependent on foreign investment and where something happens that triggers those investors all to pull their money out of the country at the same time. The US economy is so huge and is so diverse when compared to the countries where that has happened in the past that it is very unlikely that this sort of capital flight will happen to us.

[–] Chimpfighter [S] ago  (edited ago)

What if China, and others decide to dump a shit ton of tbills at once , combined with some serious domestic political.instability/.armed conflict here ? People start hoarding food batteries ammo etc ?

Tangible items are more desired than paper money.

Overseas people get nervous and get rid of dollars for other currency , or gold and silver ? Shit can snowball fast. Not saying it's likely , but it's possible

[–] WORF_MOTORBOATS_TROI ago 

Political commentators exaggerate the possibility that that will happen and they exaggerate what the consequences would be if that were to happen because it's good for ratings. The more t-bills that China sells they will get diminsihing returns because the value of the remaining t-bills that they own will fall along with the exchange rate as the USD falls. As long as you need USD to buy US assets then a falling foreign exchange rate would make US assets a bargain for anyone who holds non-USD currency or assets. Whatever disruption there is in the US would have to be so widespread that it affected the ability of people to buy things from America.

What would be most likely to happen would be China gradually sells off t-bills and uses the money to buy other things that are denominated in USD so that the overall demand for US currency is not changing significantly. This would help preserve the value of the other t-bills China owns and could also give them greater control over the US economy. If they take that money and buy a shit ton of soybeans and corn every year, or if they buy real estate and businesses in the US, it's an investment but it's also control over their rival. Remember when Trump had a trade war with China when so he could renegotiate our trade deals with them and he had to pass an agricultural stimulus bill to bail out farmers who lost china as a customer for their rice/soybeans/corn? That's the kind of thing that gives them control especially since our political system means short term economic harm to a population group can have long-term personal and professional consequences for the US politicians who are representing us in our dealings with China.

[–] Computergeek01 ago  (edited ago)

The US dollar will never fall to zero because a can of Arizona Iced Tea will always be 99 cents. I for one welcome our sugar water based economy.

[–] watch_listed ago 

They'll just keep on inflating its value away to "pay" for all the debt that they keep racking up for as long as possible. No shock is needed for it to fall to zero since it's already well on its way to dying with a wheeze (96% devaluation since 1913). An increased acceptance of a means of wealth transfer outside US control (ie gold, silver, bitcoin, foreign fiat currency) will be your canary in the coal mine. From there, it's only a matter of time until an extended bank holiday is declared to allow for a peg to a "new" dollar once the support of the sufficiently monied has been arranged.

[–] Chimpfighter [S] ago 

Just an anecdote.

As a boy of 9 , a full size Milky Way candy bar cost 10 cents at a convenience store , a can of soda 15 cents. I don't eat candy now , but noticed at the grocery store a candy bar at checkout line was $1.49

[–] AlpineSDP 0 points 3 points (+3|-0) ago 

Civil War will end the slavery of our foreign-banking cartel run usury.

[–] Chimpfighter [S] ago 

That'd be nice