If they really wanted to unleash economic Hell on the US, they could coordinate dumping their US treasuries on the open market and cause our interest rates to skyrocket.
They have already started that with short term treasuries, not as easy with long term, but they aren't buying anymore. The fed is, it's called monetizing your debt, causes inflation... gee who'd a thunk The real money play is when Russia starts selling energy and only accept gold as payment.... then the USD collapses .... coming soon I believe
The Fed announced last week they're not doing any more quantitative easing.
how the phug can they be running out of weaponry in the 3rd week?
I don't doubt that China would help them but that is a big economic risk for them.
China and Russia are going to gang up and destroy the petro dollar.... you better hope they aren't successful, your company will go tits up
Newsflash - the USD is going down the tubes, win, lose or draw.
I suspect you are correct, fiats last an average of 40 yrs , the USD decoupled from gold and went full fiat in 1971. The "China needs us to buy their low quality goods" is simply repeating mind numb talking points. They have billions of potential customers in their own backyard. Also they need energy to fuel this manufacturing base and this is where an alliance with Russia comes into play. Americans need to wake up to the fact we have been fat, lazy and slothful and the rest of the world hates us for it. They are tired of the inflation we export around the world via the "reserve currency"
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
I re-read the article, it sounds like it was written by a westerner, but I will take it at face value. So the Chinese want to keep all of their trade channels open, use Russia's resources, look like a hero for brokering a cease fire..... cake and it too?
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
I re-read the article, it sounds like it was written by a westerner, but I will take it at face value. So the Chinese want to keep all of their trade channels open, use Russia's resources, look like a hero for brokering a cease fire..... cake and it too?
They also have their eyes on rebuilding Ukraine (China's Roads and Bridges Program).
The big take away are the parts where it's more than insinuated that they're approaching a point where Russia's continued activity in Ukraine could have substantial economic costs for China, and that China isn't co-signing that check.
Originally Posted by 16penny
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
Not sure about rebuilding Ukraine's infrastructure. are you referring to the belt & road initiative? if so that is a trade pipeline they are working on, again to circumnavigate the West
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
I re-read the article, it sounds like it was written by a westerner, but I will take it at face value. So the Chinese want to keep all of their trade channels open, use Russia's resources, look like a hero for brokering a cease fire..... cake and it too?
They also have their eyes on rebuilding Ukraine (China's Roads and Bridges Program).
The big take away are the parts where it's more than insinuated that they're approaching a point where Russia's continued activity in Ukraine could have substantial economic costs for China, and that China isn't co-signing that check.
In the long term China is azzhole to everyone.
China wants Russian energy, metals, and food and cheaper is better.
China wants Ukraine energy, metals, and food.
Road and Belt is a thing for the ChiComs.
John Burns
I have all the sources. They can't stop the signal.
Not sure about rebuilding Ukraine's infrastructure. are you referring to the belt & road initiative? if so that is a trade pipeline they are working on, again to circumnavigate the West
Yes, my bad, Belt & Road initiative. Somewhere between my brain and my fingers the Democrats got mixed up with the CCP.
Originally Posted by 16penny
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
If the Chinese owned LME (London Metals Exchange) can't be trusted enough to trade on after epic fückery, what would compel traders to move to a Chinese owned commodities market in Shanghai?
It's one thing for China to want to undermine the USD as the global hegemonic fiat currency and another to actually be in a position to succeed at such a coup.
Originally Posted by 16penny
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
China definitely has a credibility problem , and that hinders them having the reserve currency. The West has also developed a huge credibility problem also. This is why I suggested they might try a block chain backed by gold. If they did so gold would be re-valued overnight. If say the value came to $10k an ounce, the worlds gold would flow into it. This would spell the end of the USD
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
China definitely has a credibility problem , and that hinders them having the reserve currency. The West has also developed a huge credibility problem also. This is why I suggested they might try a block chain backed by gold. If they did so gold would be re-valued overnight. If say the value came to $10k an ounce, the worlds gold would flow into it. This would spell the end of the USD
Last year the new craze in crypto was commodity pegged crypto currencies. The major drawback is that they require someone to Fort Knox the commodity reserves, gold for instance, backing the security.
I don't know what the answer is, but the game certainly continues to increase in complexity or at least dimension, if that's not actual complexity.
Originally Posted by 16penny
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
China definitely has a credibility problem , and that hinders them having the reserve currency. The West has also developed a huge credibility problem also. This is why I suggested they might try a block chain backed by gold. If they did so gold would be re-valued overnight. If say the value came to $10k an ounce, the worlds gold would flow into it. This would spell the end of the USD
Gold @ $10,000 an ounce is just another fiat currency.
Commodities are worth their fair market value and the industial uses for gold would never support $10,000/oz.
Think the chip shortage is bad now add on $10,000oz gold. .
Originally Posted by kingston
Last year the new craze in crypto was commodity pegged crypto currencies. The major drawback is that they require someone to Fort Knox the commodity reserves, gold for instance, backing the security.
I don't know what the answer is, but the game certainly continues to increase in complexity or at least dimension, if that's not actual complexity.
Pegging a currency value to a comodity is not the same as backing the currency with the commodity.
John Burns
I have all the sources. They can't stop the signal.
No John, Gold will never be a fiat no matter the USD dollar value of it. You cannot just print more gold, you have to expend labor and fuel to mine it. This prevents it from being fiat. The very nature of fiat is that it's manipulated and fake. It's underlying value is trust, that's it! Gold is used in microscopic amounts in industry.... silver on the other hand is consumed in large amounts. My speculative value of $10k is a guess based on real numbers, likely it would be even higher. Pricing gold in fiat is kinda silly actually. In Weimar Germany 10 million wouldn't have bought you an ounce of gold. We are so programmed to think of everything in fiat numbers, as you have displayed. Here is the deal, I will never convince you or anyone else for that matter, I recommend learning about what makes money valuable, also how it loses value etc.... we have a thousands of years of history available to teach us these truths. As for the blockchain the beauty of that is it bypasses the bankers and money handlers, who seem to have become the richest members of society. That alone should give you pause. Did you read the Zero hedge article I linked? it explains a few things way better than I can, https://www.zerohedge.com/markets/luongo-ins-outs-whose-money-it-anyway
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
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