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What happens when USD stops becoming the the reserve currency for the world? And who takes its place?
> $100 million Is that a lot? Seems relatively inconsequential in the grand scheme of things, but perhaps a warning of larger moves to come.
What happens when USD stops becoming the the reserve currency for the world? And who takes its place?
What happens when USD stops becoming the the reserve currency for the world? And who takes its place?
And that’s definitely going to upset the gold bugs.
(In reality lots of things are held in reserve)
USD is a routing currency that is used because it is cheaper than the mesh alternative. When it stops being cheaper whoever is then cheapest will get the routing transactions.
> $100 million Is that a lot? Seems relatively inconsequential in the grand scheme of things, but perhaps a warning of larger moves to come.
So a drop in the bucket, but we’ll have to see if it’s a domino.
> $100 million Is that a lot? Seems relatively inconsequential in the grand scheme of things, but perhaps a warning of larger moves to come.
I can't find the program name at the moment, but the Treasury plans for situations like this regularly.
> $100 million Is that a lot? Seems relatively inconsequential in the grand scheme of things, but perhaps a warning of larger moves to come.
What happens when USD stops becoming the the reserve currency for the world? And who takes its place?
My guess would be EUR takes its place, gold will also be used more. I guess what happens is USD gets much weaker and US buying power goes down. Maybe destroying the USD will eventually cause the boost to domestic manufacturing that Trump wanted, since foreign goods will be out of reach. Cut down the forest to kill a squirrel. I'm no expert though
What happens when USD stops becoming the the reserve currency for the world? And who takes its place?
The US starts more wars until its eventual complete collapse. See The Rise and Fall of the Roman Empire. We're operating out of a playbook for imperial destruction word for word.
> $100 million Is that a lot? Seems relatively inconsequential in the grand scheme of things, but perhaps a warning of larger moves to come.
It's not a lot. Multiple countries could offload hundreds of billions and the U.S. Treasury would buy them up immediately (and probably ask the Federal Reserve for some help the next day) I can't find the program name at the moment, but the Treasury plans for situations like this regularly.
For attacking allies?
I know that’s not what you meant but we must be pushing up against scenarios that haven’t been considered possible.