Archived In case you didn't know how banks; local, regional or federal, operate (imgoat.com)
submitted ago by ARsandOutdoors
Posted by: ARsandOutdoors
Posting time: 1.8 years ago on
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Archived on: 5/15/2019 10:00:00 AM
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79 upvotes, 2 downvotes (98% upvoted it)
Archived In case you didn't know how banks; local, regional or federal, operate (imgoat.com)
submitted ago by ARsandOutdoors
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[–] Gumbatron 1 point 2 points 3 points (+3|-1) ago
Yes, should the dollar be relegated from it's reserve status, it will be practically worthless overnight. This is one of the reasons that the US will mercilessly destroy any country that tries to avoid using $US, particularly for oil (See Iraq and Libya). If the $US was no longer reserve currency, I wonder how long the soldiers would want to keep fighting when being paid in worthless scrip.
I'm sort of surprised that China hasn't used that weapon yet, although it would likely be a suicide weapon of sorts.
'tis a pity that I lost my gold in a tragic boating accident. Be sure to keep yours safe :-)