Wondering and asking the sage (BB) what would happen if the US came out with the statement and backed up that going forward the U.S. would provide the Liquidity, stability, and neutrality of the dollar?
No more weaponization of the financial instruments.
I also wonder, had Russia for example been able to access their 300 or so billion, would it be pretty much exhausted by now?
What would the effect be on the U.S. and world economies?
I’d imagine it would depend on who’s making the statement. The Donald would certainly wrap it up as the most beautiful statement the world has ever seen, but beauty is generally skin deep and his appears particularly thin ~
Larry Johnson thinks the dollar has been stable? Liquid surely as we have flooded the world with dollars. Stable not so much - the dollar has lost 88% of its value since 1971.
Countries have interests, not friends, somebody important once said. Trump is making that plain every day. He also, I believe, will minimize our boots on the ground around the world, avoiding the worst decisions of the last 25 years. As for rescuing the currency, that will take divine intervention.
Yes, having the reserve currency is an exorbitant privilege.... **if you are wealthy.**
Low costs also resulted in the export of huge chunks of our industrial base and hollowed out the blue collar middle class. Trump is trying to reverse that. If he succeeds, and other countries drop the dollar and rely on THEMSELVES for defense, would that not be a good thing?? From my perspective, the financialization of the economy, facilitated by the reserve currency, has been a disaster.
One more thing to add. Why can’t the United States be like Switzerland, Austria or the Vatican City and just MAGA and stay out of other countries. We can help countries that are our friends in time of need.
BB-IMO why should the United States be the protector of the world. We have done that for decades and all we get are countries that hate us, countries that take advantage of us, and countries that have made the economic playing field unfair. Also, the United Nations have always been adversaries to American interests. As far as the dollar most countries have deficits. Maybe going back to the gold standard will improve the financial situation of the world. Most countries have deficits. I disapprove with the US being the savior of the world. AP
Bill, you're far too logical! Do you mean that if the government of the USA expects other countries to keep their agreements, especially the ones that benefit us, it has to keep its agreements--even the ones we don't want to keep? That is going to be too much of a stretch for the America-firsters and fanatic ideologues. Aren't you aware that us Judeo-Christians are superior to everyone else, whether it be a country, a country's leader or any citizen of that country? Don't you realize that Netanyahu and Trump are franchised by God himself? And that, by association, so are their lovers? What's wrong with you? Are you REALLY infected with TDS?
Wondering and asking the sage (BB) what would happen if the US came out with the statement and backed up that going forward the U.S. would provide the Liquidity, stability, and neutrality of the dollar?
No more weaponization of the financial instruments.
I also wonder, had Russia for example been able to access their 300 or so billion, would it be pretty much exhausted by now?
What would the effect be on the U.S. and world economies?
I’d imagine it would depend on who’s making the statement. The Donald would certainly wrap it up as the most beautiful statement the world has ever seen, but beauty is generally skin deep and his appears particularly thin ~
Larry Johnson thinks the dollar has been stable? Liquid surely as we have flooded the world with dollars. Stable not so much - the dollar has lost 88% of its value since 1971.
Countries have interests, not friends, somebody important once said. Trump is making that plain every day. He also, I believe, will minimize our boots on the ground around the world, avoiding the worst decisions of the last 25 years. As for rescuing the currency, that will take divine intervention.
Yes, having the reserve currency is an exorbitant privilege.... **if you are wealthy.**
Low costs also resulted in the export of huge chunks of our industrial base and hollowed out the blue collar middle class. Trump is trying to reverse that. If he succeeds, and other countries drop the dollar and rely on THEMSELVES for defense, would that not be a good thing?? From my perspective, the financialization of the economy, facilitated by the reserve currency, has been a disaster.
One more thing to add. Why can’t the United States be like Switzerland, Austria or the Vatican City and just MAGA and stay out of other countries. We can help countries that are our friends in time of need.
BB-IMO why should the United States be the protector of the world. We have done that for decades and all we get are countries that hate us, countries that take advantage of us, and countries that have made the economic playing field unfair. Also, the United Nations have always been adversaries to American interests. As far as the dollar most countries have deficits. Maybe going back to the gold standard will improve the financial situation of the world. Most countries have deficits. I disapprove with the US being the savior of the world. AP
I think there is inherent protection for America when we protect many parts of the world.
It is in our best interest. Expensive yes, resentful yes, necessary yes.
Bill, you're far too logical! Do you mean that if the government of the USA expects other countries to keep their agreements, especially the ones that benefit us, it has to keep its agreements--even the ones we don't want to keep? That is going to be too much of a stretch for the America-firsters and fanatic ideologues. Aren't you aware that us Judeo-Christians are superior to everyone else, whether it be a country, a country's leader or any citizen of that country? Don't you realize that Netanyahu and Trump are franchised by God himself? And that, by association, so are their lovers? What's wrong with you? Are you REALLY infected with TDS?
I told them 25 years ago, Bush, Obama and Trump... you keep sanctioning and folks will get upset.