Doomsday. .. your prediction?

[Lumpy 1]

If .. doomsday is defined as economic collapse.

I’m thinking the next time Democrats have control of the Presidency, Senate and House.. within 10 years of that occurring.

 

[1srelluc]

 

[lennypartiv]

Somebody in the middle east will nuke Israel. A chain reaction will follow.

 

[Woodznutz]

It will happen suddenly, although there will be warning signs.

 

[deannalw]

When Biden gets to be president.


Wait...

 

[jwoodie]

If .. doomsday is defined as economic collapse.

I’m thinking the next time Democrats have control of the Presidency, Senate and House.. within 10 years of that occurring.

It may be quicker than that, once the dollar is replaced by a new world-wide currency.

 

[Woodznutz]

It may be quicker than that, once the dollar is replaced by a new world-wide currency.

Little danger of that happening anytime soon.

 

[jwoodie]

Little danger of that happening anytime soon.

Probably post-Israeli/Iran war. By that time, the US will be out of money, arms, and the will to fight.

 

[Woodznutz]

Probably post-Israeli/Iran war. By that time, the US will be out of money, arms, and the will to fight.

Most other countries hold large amounts of U.S. dollars. They are in no hurry to see them devalued. Also, it doesn't necessarily follow that if the U.S. dollar is no longer the world's 'reserve currency' that it will suffer significant or long-term devaluation.

 

[jwoodie]

Most other countries hold large amounts of U.S. dollars. They are in no hurry to see them devalued. Also, it doesn't necessarily follow that if the U.S. dollar is no longer the world's 'reserve currency' that it will suffer significant or long-term devaluation.

The dollar's reserve status is why they are holding dollars. Once it is replaced, they will dump them in a hurry. Massive devaluation will result, as well as skyrocketing interest rates.

 

[Woodznutz]

The dollar's reserve status is why they are holding dollars. Once it is replaced, they will dump them in a hurry. Massive devaluation will result, as well as skyrocketing interest rates.

Then we can buy our debt back for 10 cents on the dollar.

 

[luiza]

Good odds for next week with a "saver" for Before Xmas .

 

[jwoodie]

Then we can buy our debt back for 10 cents on the dollar.

Yes, but we won't be able to borrow any more money.

 

[Woodznutz]

Yes, but we won't be able to borrow any more money.

We'll borrow from ourselves.

 

[candycorn]

We'll borrow from ourselves.

Well there is also the fact that the US Treasury notes are still the safest investment in the world.

 

[Vastator]

It may be quicker than that, once the dollar is replaced by a new world-wide currency.

Rather... Once the US Dollar loses global hegemony, it's value will tank like nothing we've ever seen; and the Legions of enemies across the globe the US has hard earned, will seek their pound of flesh. And we're seeing the dollar taking a big fat fucking shit right now...

 

[Woodznutz]

Well there is also the fact that the US Treasury notes are still the safest investment in the world.

True, that's why so many foreign countries and investors buy them.

 

[Woodznutz]

Rather... Once the US Dollar loses global hegemony, it's value will tank like nothing we've ever seen; and the Legions of enemies across the globe the US has hard earned, will seek their pond of flesh. And we're seeing the dollar taking a big fat fucking shit right now...

Really?

The strong US dollar is hurting other countries' currencies | World Economic Forum

www.weforum.org

 

[Vastator]

Really?

The strong US dollar is hurting other countries' currencies | World Economic Forum

www.weforum.org

Yes really. It might be the best looking horse in the glue factory for now, on the global scale... But it's barely half of what it was 2-3 years ago...

 

[Woodznutz]

Yes really. It might be the best looking horse in the glue factory for now, on the global scale... But it's barely half of what it was 2-3 years ago...

The caveat is that we don't have to buy that 'basket of goods'. That'll bring inflation down in a hurry.