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It may be quicker than that, once the dollar is replaced by a new world-wide currency.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.
Little danger of that happening anytime soon.It may be quicker than that, once the dollar is replaced by a new world-wide currency.
Probably post-Israeli/Iran war. By that time, the US will be out of money, arms, and the will to fight.Little danger of that happening anytime soon.
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.Probably post-Israeli/Iran war. By that time, the US will be out of money, arms, and the will to fight.
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.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.
Then we can buy our debt back for 10 cents on the dollar.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.
Yes, but we won't be able to borrow any more money.Then we can buy our debt back for 10 cents on the dollar.
We'll borrow from ourselves.Yes, but we won't be able to borrow any more money.
Well there is also the fact that the US Treasury notes are still the safest investment in the world.We'll borrow from ourselves.
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...It may be quicker than that, once the dollar is replaced by a new world-wide currency.
True, that's why so many foreign countries and investors buy them.Well there is also the fact that the US Treasury notes are still the safest investment in the world.
Really?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...
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.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...