Fading the US Dollar

Will there a panic rush to exit the $US dollar in the next 2 years?

  • Yes

    Votes: 1 6.7%

  • No

    Votes: 7 46.7%

  • orderly exit in next 2 years

    Votes: 2 13.3%

  • No exit

    Votes: 5 33.3%
  • Total voters
    15
I admit I was on high alert because of BRICS but there is so much debt in US dollars, the demand for USD will not shrink much because of it. Also TINA.
 
it's too late to panic rush - the gov beat everyone to it by making in now worthless.

yet people looks at stocks going up lol, they can't go enough to compensate for the loss of value of the dollar..

so values seem to be going up yet it's the dollar value sinking to sub zero..

anything you can own rather than cash is better than cash.
 
China deflation means a much higher US dollar. The Euro is also doomed thanks to the idiots at the EU for not consolidating the debt. The Japanese will never let foreigners dilute their purity so the Yen also goes lower. China not buying Copper means the aussie dollar goes lower. Maybe the loonie goes higher if Canadians can boot the blackface-in-chief out of office.
 
"Twenty-five percent of all US government debt outstanding has been added since the beginning of 2020. And with higher debt levels and higher interest rates, debt servicing costs have increased from $1 billion per day in 2020 to almost $2 billion per day in 2023."
 
No chance at all of this happening in the next two years, or even the next decade. The US economy is the most productive in the world, growing faster than China, and population is surging thanks to 2 million illegals pouring across the border every year. Inflation is down to 2-3%, very modest by historical standards. The idea of a common BRICs currency or some kind of global barter system based on gold or barrels of oil is pure fantasy - beyond token efforts by ChiRussia for sanctions-dodging and propaganda/PR purposes.

Same sh*t has been talked about since 1971 and is, if anything, less likely today than it was back then.
 
Specterx said:
No chance at all of this happening in the next two years, or even the next decade. The US economy is the most productive in the world, growing faster than China, and population is surging thanks to 2 million illegals pouring across the border every year. Inflation is down to 2-3%, very modest by historical standards. The idea of a common BRICs currency or some kind of global barter system based on gold or barrels of oil is pure fantasy - beyond token efforts by ChiRussia for sanctions-dodging and propaganda/PR purposes.

Same sh*t has been talked about since 1971 and is, if anything, less likely today than it was back then.
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If it happens, it would happen very fast, like 1997 Asia Financial Crisis. It is the debt service most worrying.

Everyone is comparing to Debt/GDP ratio but in fact it is in government’s budget, real hard cash out of door to pay the bond holders , 58% sold to foreign entities not some phony GDP growth numbers no one can see. You think fake independent Fed can buy the next 1 trillion? We have to rob someone fast, now we are robbing Europeans. BRICS are smart enough to put up a wall at the moment.
 
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If something were to happen to the dollar's trade currency for the world status, it ain't happening overnight. Signs would be there. They ain't.
 
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