Open Side Menu Go to the Top
Register
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status?

08-20-2020 , 04:16 PM
Quote:
Originally Posted by rand
To be clear, I am pretty strongly anti China right now. And I believe that the analogy to Hitler is relatively valid. I think that the Chinese ruling party believes that they have a mandate from heaven to rule the world...
I am anti ccp and anti usa, im anti government in general. They all are power hungry.
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-20-2020 , 05:49 PM
a) nothing, and

b) never gonna happen anyway.


LOL, euro as a reserve currency, that's the funniest thing I've heard in weeks.
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-20-2020 , 05:49 PM
Quote:
Originally Posted by jfound
Who knows if anyone landed on the moon yet since we havent been back. I don't think any country landed on the moon if usa did why not go again?
China at least were the first country to land on the dark side of the moon. I am no fan of the ccp too.
Satire?
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-20-2020 , 06:43 PM
Quote:
Originally Posted by Didace
Satire?
how? If a country landed on the moon with 50year old tech, why havent we done it again?

Last edited by jfound; 08-20-2020 at 06:52 PM.
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-20-2020 , 08:34 PM
The only reason to go to the moon for the USA would be to mine helium 3, which is abundant on the moon, but the cost is probably currently not worth it. The first reason USA went was to show the world it could be done, bragging rights, beat the Russians, etc. The Chinese should still want to go just to show the world that they can, buy they don't, cause they can't get there.
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-20-2020 , 08:39 PM
Quote:
Originally Posted by NajdorfDefense
a) nothing, and

b) never gonna happen anyway.


LOL, euro as a reserve currency, that's the funniest thing I've heard in weeks.



Yeah no one wants a reserve currency of a Union where the strongest economic member offers -.493% on a ten year bond. And the Yuan is out of the question because the world can't even count on the Chinese to perform honest accounting.
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-20-2020 , 08:40 PM
Quote:
Originally Posted by A_C_Slater
The only reason to go to the moon for the USA would be to mine helium 3, which is abundant on the moon, but the cost is probably currently not worth it. The first reason USA went was to show the world it could be done, bragging rights, beat the Russians, etc. The Chinese should still want to go just to show the world that they can, buy they don't, cause they can't get there.
LOL Yeah? you really think america went to the moon only once and found out all there is to it, but they don't want to go again to do more research on the moon. I just don't believe that. We will have to agree to disagree.
Why didn't they go to the dark side of the moon but "let" the Chinese go first. And before elon needed russian rockets to send people to the ISS. Things just don't add up

Last edited by jfound; 08-20-2020 at 08:50 PM.
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-20-2020 , 08:43 PM
the next reserve currency is gonna be gold and precious metal, you guys should load up on them but there is a chance of confiscation like in history
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-20-2020 , 08:49 PM
Quote:
Originally Posted by jfound
LOL Yeah? you really think america went to the moon only once and found out all there is to it, but they don't want to go again to do more research on the moon. I just don't believe that. We will have to agree to disagree.
Why didn't they go to the dark side of the moon but "let" the Chinese go first.
Satire it is!
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-20-2020 , 08:52 PM
I try to keep a balance of 15% Gold and 5% Silver to my portfolio, so I'm not some fiat worshiping cuck, but the elite would never allow a precious metal reserve currency. They would rather nuke the whole planet than allow a merit based money system where only actual productive humans would prosper.
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-20-2020 , 08:53 PM
Quote:
Originally Posted by Didace
Satire it is!
Okay, hope u had a good laugh 👽
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-20-2020 , 09:01 PM
Quote:
Originally Posted by A_C_Slater
I try to keep a balance of 15% Gold and 5% Silver to my portfolio, so I'm not some fiat worshiping cuck, but the elite would never allow a precious metal reserve currency. They would rather nuke the whole planet than allow a merit based money system where only actual productive humans would prosper.
I might be wrong but we will have to wait and see. Be nice if they go back to the gold standard. Thats why i said there might be a confiscation of the metals if they go back to the gold standard like in the past.
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-21-2020 , 03:32 AM
Why would we go back to the gold standard? How would that even work anyway? Paper notes backs by micrograms of gold?
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-21-2020 , 04:57 AM
Very interesting historical to present day YouTube documentary regarding China, Europe, US, trade, Trump etc...

https://www.youtube.com/watch?v=hhMAt3BluAU&t=2s
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-21-2020 , 09:54 AM
Quote:
Originally Posted by ToothSayer
Why would we go back to the gold standard? How would that even work anyway? Paper notes backs by micrograms of gold?
Yes paper money back by gold, way better than the rigged fiat system
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-21-2020 , 10:13 AM
Quote:
Originally Posted by jfound
Yes paper money back by gold, way better than the rigged fiat system
How'd that work out when it was done before?
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-21-2020 , 10:19 AM
Quote:
Originally Posted by jfound
I am anti ccp and anti usa, im anti government in general. They all are power hungry.
I empathize, but there is a huge difference between the two.
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-21-2020 , 12:10 PM
Quote:
Originally Posted by Didace
How'd that work out when it was done before?
Good, people are more free and had a better standard of living
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-21-2020 , 12:11 PM
Quote:
Originally Posted by rand
I empathize, but there is a huge difference between the two.
I hear ya but both are bad but 1 is just worst
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-21-2020 , 01:24 PM
Quote:
Originally Posted by jfound
I hear ya but both are bad but 1 is just worst
This is how I’ve felt about Us presidential races since I’ve been eligible to vote.

To be fair, I think that Trump is the best president (and maybe worst person) at least since at I’ve been eligible to vote. I also think, interestingly enough that Obama was the worst president but the best person...

For everyone’s information abstaining is a perfectly reasonable position. Many of the founding fathers and those at the Continental Congresses abstained from votes.
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-21-2020 , 01:30 PM
Quote:
Originally Posted by Didace
How'd that work out when it was done before?
What is this supposed to mean? The fault was not in the gold system. The was I those who a fiduciary obligation over and to that system...

I’ve posted on here before about how a closed loop is important for the economic calculus. If under a gold system, you wanted to expand the money supply you would (when acting sincerely and morally at least) have to deploy labor and capital to do so. Therefore money is a part of the system that it prices.

But with fiat currency, the money supply can:
1. Be expanded without those requirements —screwing with the economic calculus
2. Can be used more as a policy tool
3. Enables theft of value or real capital

This isn’t that complicated the *******s in charge are consistently ****ing it up. No one should be in charge...capital should be free to move without borders and taxes...

Last edited by rand; 08-21-2020 at 01:37 PM.
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-21-2020 , 01:51 PM
You could do gold backed cryptocurrency. Make one GoldCoin equal to a gram of gold. Make a deciGoldCoin equal to a tenth gram, and have the smallest unit centiGoldCoin equal to a hundredth gram or currently about 62 cents. You could order physical delivery of gold at like 100 ounce increments or something to force the government to stay honest about accounting. Limit the amount of GoldCoins to the amount of estimated above ground kilograms.
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-21-2020 , 07:08 PM
Quote:
Originally Posted by rand
I empathize, but there is a huge difference between the two.
Ask the middle east how they like america, and the coup CIA did in south america and the world. The us government is no saint, lied about wmd to invade iraq and destablize the middle east. You cant even play poker online ffs. Yeah don't get me wrong I hate all power hungry governments which is like 99.8+% of them
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-21-2020 , 09:25 PM
Quote:
(If the EU wants to pay for all the aircraft carriers, submarines, helicopters, F-35 fighters and all the other military assets we have deployed around the world; they can be the world's reserve currency - and pay for the bulk of the free world's defense.)
It's incredible how effective American propaganda is. Always paying your hard earned dollars to look after the rest of us.

90% of the world would be absolutely delighted if your military packed it's **** up and went home. You' aren't doing it out of the goodness of your hearts and routinely commit war crimes.
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote
08-22-2020 , 03:32 AM
^They really ought to teach geopolitics better in school. Or just basic reasoning skills.

Europe loves the US bases and its nuclear umbrella, it saves them a fortune on having to do the difficult political task of paying for and conscripting their own militaries and arsenals sufficient to meet the Russian threat.

In fact, Europe wouldn't even exist without the US. It would be part of the Western Russian Empire. You can see a tiny taste of that already when a weak/cowardly/Russia colluding US president was in charge - Russia simply took a chunk of a sovereign European country (Ukraine) for their own.
What Happens To Average American Citizens If The Dollar Loses Its "Reserve Currency" Status? Quote

      
m