"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
A reserve currency needs the rule of law, private property rights, convertibility, a large liquid stock market AND bond market AND money markets, and an independent judiciary.
Anybody who thinks Putin or China have those........
a reserve currency needs only a strong military, competent management to enforce its domain, and trust/faith of those who voluntarily recognize it. The incompetence of the dollar's managers is what currently fuels international efforts to replace it as the world's reserve currency. It is this incompetence that has resulted in the need for military interference world wide over the past decades to force the dollar down international throats. That threat is no longer the feared weapon it once was. Trust/faith from foreigners is slowly worsening than is the trust/faith from those of us who have no choice in using it.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
It's not weakness to recognize and point out the weaknesses & corruption in leadership. Weakness & corruption at the decision-making level have consequences. Bad ones.
Q: Are You Printing Money? Bernanke: Not Literally
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The BRICS will develop a dollar alternative for trade most likely in August this year at the BRICS summit in South Africa. Will this replace the dollar? Of course not. What it will do is reduce the dollar's importance and their desire to hold and conduct trade exclusively with it.
According to the Switzerland-based Bank for International Settlements, approximately half of global trade is invoiced in US dollars. This disproportionately large reliance on the US dollar is in spite of the United States accounting for just over a 10th of global trade.
The dollar’s dominance in global trade means the burden of dollar-denominated debt for other nations rises and falls with their exchange rate. This destabilizes the economies of the countries, with US monetary policy often playing a defining role even greater than their own domestic policies. We are damaging these countries with our haphazard monetary policy, especially recently causing them to suffer from it and they will be looking for alternatives.
Think about this development from their perspective, not ours.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
You're the guy that makes the fake fantasy dollars right? How much would it cost me for 2 - 1ozt .999 2023 Peace dollars inscribed "In gutter metal we trust"? If you don't want to reply here that's fine. PM with details. THKS!!!
You're the guy that makes the fake fantasy dollars right? How much would it cost me for 2 - 1ozt .999 2023 Peace dollars inscribed "In gutter metal we trust"? If you don't want to reply here that's fine. PM with details. THKS!!!
You're the guy that makes the fake fantasy dollars right? How much would it cost me for 2 - 1ozt .999 2023 Peace dollars inscribed "In gutter metal we trust"? If you don't want to reply here that's fine. PM with details. THKS!!!
No THKS.
Oh come on, if the price is right I may even buy 5. lol
How's about a portrait of blitzdude on the obverse and in gutter we trust on the reverse. I guess I can check with Alibaba if you're still a no THKS!
You're the guy that makes the fake fantasy dollars right? How much would it cost me for 2 - 1ozt .999 2023 Peace dollars inscribed "In gutter metal we trust"? If you don't want to reply here that's fine. PM with details. THKS!!!
Dan Carr only makes genuine authentic fantasy coins and he does a great job.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
You're the guy that makes the fake fantasy dollars right? How much would it cost me for 2 - 1ozt .999 2023 Peace dollars inscribed "In gutter metal we trust"? If you don't want to reply here that's fine. PM with details. THKS!!!
Dan Carr only makes genuine authentic fantasy coins and he does a great job.
"Genuine authentic fantasy"? There's a mouthful. Once I finalize my design guess i'll get the Chinese to commission it. RGDS!
I’ve never been a doom and gloom pundit, but the happenings related to the Yuan are quite worrisome. Hyperinflation is on the doorstep now. BRICS will surely be making a play in oil in an effort to box us out.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I don't have a good feeling about anything and have just about no confidence that our elected officials will right the ship. I've never felt more like a servant to my local, state and federal Gov't than I do right now. I try to keep my head up and not let all the negativity affect my mood but at times the negativity floods my senses. God bless us all, peace. love and hollow points.
Exactly…BRICS is assembling the building blocks to dominate the global economy. The U.S. is worried about pronouns.
Dominate world economy? They can hardly manage their own economies.
cut back on the kool aid. Brazil, Russia, India, China, and South Africa account for about 40% of the global population and a quarter of the global GDP.
Peter Schiff -"Uncle Sam depends on the demand for dollars to underpin its profligate borrowing and spending. The only reason the US can get away with massive budget deficits and an ever-growing national debt to the extent that it does is due to the dollar’s role as the world reserve currency. It creates a built-in global demand for dollars and US Treasuries that absorb the money creation and maintain dollar strength. If the demand for dollars tanks, the greenback’s value will quickly erode away. That means even worse price inflation for Americans. And in the worst-case scenario, it could collapse the dollar completely."
So, yes, the US dollar's health and successful financing of US national debt is heavily dependent on its role as a reserve currency. Question is "how far will the US go to maintain its status?" More war, more sanctions, more foreign destabilization?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@Downtown1974 said: "BRICS is assembling the building blocks to dominate the global economy"
The BRICS have cheap labor and natural resources. China is gaining sophistication and in a generation, if they sideline their brutal communist dictators, they may be in a position to manage a reserve currency.
But, they are very far from being able to "dominate" the global economy, as shown in the following per capita GDP figures:
USA 70,249
China 12,556
Russia 12,195
Brazil 7,507
SA 7,058
India 2,257
PPP figures are of course not quite as skewed, but they convey the same basic message. These are developing countries and are not in a position to dominate anyone.
As an aside: it is not a trivial task to develop and manage the institutions required to facilitate global trade. Certainly the BRICS can't take over where the US, Europe, Canada, Australia, Japan etc. have led for the past 50 years.
Dominate world economy? They can hardly manage their own economies.
Brazil, Russia, India, China, and South Africa account for about 40% of the global population and a quarter of the global GDP.
Their population is a major negative, not a positive . China will soon be facing an aging population bubble. And a decline population soon thereafter. The world is moving away from China so their manufacturing might will be diminished. India is poor, dirt poo, and probably always will be. South Aftrica is too small and isolated. Brazil is about 2 elections from being a dictatorship. Russia who? it won't even be a country in 50 years or less.
So, yes, the US dollar's health and successful financing of US national debt is heavily dependent on its role as a reserve currency.
The US can finance its debt internally, through you and me. It doesn't need foreign money. We have enough right here. And it's not like those countries are debt free either.
Question is "how far will the US go to maintain its status?" More war, more sanctions, more foreign destabilization?
Yup, the US is the big bad wolf. Lol.
Your kool aide will taste better if you change out that bunker water once in awhile.
@Higashiyama said: @Downtown1974 said: "BRICS is assembling the building blocks to dominate the global economy"
The BRICS have cheap labor and natural resources. China is gaining sophistication and in a generation, if they sideline their brutal communist dictators, they may be in a position to manage a reserve currency.
But, they are very far from being able to "dominate" the global economy, as shown in the following per capita GDP figures:
they don't need to dominate the global economy to end the reign of king dollar. With 40% of the global population and a quarter of the global GDP all they need do is develop payment methods among themselves that bypass the dollar. They are well on their way to this. Once complete and they have a smooth system among themselves for international non-dollar payments you will witness their other trading partners becoming part of the payment system. Historically owners of a reserve currency get kinged as dominator of the global economy.
Keep in mind that it was not long ago that the US was able to prevent any attempt to bypass the dollar. Just ask Saddam and Gaddafi. The players now are too big to take head on.
What I fear is that with the threat BRICS poses to the dollar system is just how far the dollar's masters will go to prevent a non-dollar system. Face it, we are already in the middle of a de facto war with the second most important BRICS player. Will Taiwan become the next pawn?
For now all of this bodes well for precious metals. Good possibility that the BRIC solution will involve a peg to gold. When all of this plays out it is very likely that holding gold will be more rewarding than holding dollars. But, as I have said earlier on the forum, all slaves under the dollar system, including those that hold PMs, will suffer with the dollar/'s demise. PMs will only protect the dollars that are tied up in them; all other assets will suffer. Some gold will come in handy to scoop up devalued assets.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Prepare for your dollars to be worth a lot less. However, I realize you live in a different economy and are protected by your faith in Jerome and Yellen. LOL.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Prepare for your dollars to be worth a lot less. However, I realize you live in a different economy and are protected by your faith in Jerome and Yellen. LOL.
I live in the same economy as you, however my faith and protection is within myself, not in others. No counterparty risk for me.
Weve seen how well an economic union works among countries with similar political and socio-economic conditions--the EU. So now you expect a union to work among countries with different political systems, different religions and languages, different geographic regions, and different demographics? Lol
Folk have been wishful for the demise of the USA since 1776. Even as we try to defeat ourselves, we shall retain dominance for long after you and I push daisies from below.
Prepare for your dollars to be worth a lot less. However, I realize you live in a different economy and are protected by your faith in Jerome and Yellen. LOL.
I live in the same economy as you, however my faith and protection is within myself, not in others. No counterparty risk for me.
Always counterparty risk where dollars are involved. Believe what you wish, but your dollars are no different.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Comments
Knowledge is the enemy of fear
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
If we're beer locale bragging, thanksgiving....
This forum is full of beer. And eggs. I don't like either one.
Nobody get any ideas about making "egg beer".
Oh the horror (and vomit).
Just go look at some gutter metal that has the case of the nasty (toning). That's horror and vomit. THKS!
The whole worlds off its rocker, buy Gold™.
A reserve currency needs the rule of law, private property rights, convertibility, a large liquid stock market AND bond market AND money markets, and an independent judiciary.
Anybody who thinks Putin or China have those........
a reserve currency needs only a strong military, competent management to enforce its domain, and trust/faith of those who voluntarily recognize it. The incompetence of the dollar's managers is what currently fuels international efforts to replace it as the world's reserve currency. It is this incompetence that has resulted in the need for military interference world wide over the past decades to force the dollar down international throats. That threat is no longer the feared weapon it once was. Trust/faith from foreigners is slowly worsening than is the trust/faith from those of us who have no choice in using it.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Loss of confidence is weakness and there is no shortage of weakness among us. Unfortunately, the weak make easy prey and typically fall victim.
Knowledge is the enemy of fear
It's not weakness to recognize and point out the weaknesses & corruption in leadership. Weakness & corruption at the decision-making level have consequences. Bad ones.
I knew it would happen.
gold on the move
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The BRICS will develop a dollar alternative for trade most likely in August this year at the BRICS summit in South Africa. Will this replace the dollar? Of course not. What it will do is reduce the dollar's importance and their desire to hold and conduct trade exclusively with it.
According to the Switzerland-based Bank for International Settlements, approximately half of global trade is invoiced in US dollars. This disproportionately large reliance on the US dollar is in spite of the United States accounting for just over a 10th of global trade.
The dollar’s dominance in global trade means the burden of dollar-denominated debt for other nations rises and falls with their exchange rate. This destabilizes the economies of the countries, with US monetary policy often playing a defining role even greater than their own domestic policies. We are damaging these countries with our haphazard monetary policy, especially recently causing them to suffer from it and they will be looking for alternatives.
Think about this development from their perspective, not ours.
My US Mint Commemorative Medal Set
Taco Bell artificial nasty YUCK! :
The whole worlds off its rocker, buy Gold™.
do you know anything about real silver?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The experts at PCGS disagree.
Show us your "yuck" coins that you have for sale.
PCGS MS68:
@dcarr - is that the Roanoke that was the subject of a very long thread here years ago?
There was a thread about a collection of commemorative half dollars, and this was one of the coins in the collection.
You're the guy that makes the fake fantasy dollars right? How much would it cost me for 2 - 1ozt .999 2023 Peace dollars inscribed "In gutter metal we trust"? If you don't want to reply here that's fine. PM with details. THKS!!!
The whole worlds off its rocker, buy Gold™.
No THKS.
Oh come on, if the price is right I may even buy 5. lol
How's about a portrait of blitzdude on the obverse and in gutter we trust on the reverse. I guess I can check with Alibaba if you're still a no THKS!
The whole worlds off its rocker, buy Gold™.
Pure vomit (with or without toning).
Dan Carr only makes genuine authentic fantasy coins and he does a great job.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Authentic fantasy?
Knowledge is the enemy of fear
Yeah. Like the federal reserve act.
I was being facetious.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
"Genuine authentic fantasy"? There's a mouthful. Once I finalize my design guess i'll get the Chinese to commission it. RGDS!
The whole worlds off its rocker, buy Gold™.
I’ve never been a doom and gloom pundit, but the happenings related to the Yuan are quite worrisome. Hyperinflation is on the doorstep now. BRICS will surely be making a play in oil in an effort to box us out.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
Box us out of what?
bossing around other economies
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I would love to see all the other economies go it alone.
Knowledge is the enemy of fear
I don't have a good feeling about anything and have just about no confidence that our elected officials will right the ship. I've never felt more like a servant to my local, state and federal Gov't than I do right now. I try to keep my head up and not let all the negativity affect my mood but at times the negativity floods my senses. God bless us all, peace. love and hollow points.
Exactly…BRICS is assembling the building blocks to dominate the global economy. The U.S. is worried about pronouns.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
Dominate world economy? They can hardly manage their own economies.
Knowledge is the enemy of fear
cut back on the kool aid. Brazil, Russia, India, China, and South Africa account for about 40% of the global population and a quarter of the global GDP.
Peter Schiff - "Uncle Sam depends on the demand for dollars to underpin its profligate borrowing and spending. The only reason the US can get away with massive budget deficits and an ever-growing national debt to the extent that it does is due to the dollar’s role as the world reserve currency. It creates a built-in global demand for dollars and US Treasuries that absorb the money creation and maintain dollar strength. If the demand for dollars tanks, the greenback’s value will quickly erode away. That means even worse price inflation for Americans. And in the worst-case scenario, it could collapse the dollar completely."
So, yes, the US dollar's health and successful financing of US national debt is heavily dependent on its role as a reserve currency. Question is "how far will the US go to maintain its status?" More war, more sanctions, more foreign destabilization?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
You the kool aid drinker...
Knowledge is the enemy of fear
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@Downtown1974 said: "BRICS is assembling the building blocks to dominate the global economy"
The BRICS have cheap labor and natural resources. China is gaining sophistication and in a generation, if they sideline their brutal communist dictators, they may be in a position to manage a reserve currency.
But, they are very far from being able to "dominate" the global economy, as shown in the following per capita GDP figures:
USA 70,249
China 12,556
Russia 12,195
Brazil 7,507
SA 7,058
India 2,257
PPP figures are of course not quite as skewed, but they convey the same basic message. These are developing countries and are not in a position to dominate anyone.
As an aside: it is not a trivial task to develop and manage the institutions required to facilitate global trade. Certainly the BRICS can't take over where the US, Europe, Canada, Australia, Japan etc. have led for the past 50 years.
Their population is a major negative, not a positive . China will soon be facing an aging population bubble. And a decline population soon thereafter. The world is moving away from China so their manufacturing might will be diminished. India is poor, dirt poo, and probably always will be. South Aftrica is too small and isolated. Brazil is about 2 elections from being a dictatorship. Russia who? it won't even be a country in 50 years or less.
The US can finance its debt internally, through you and me. It doesn't need foreign money. We have enough right here. And it's not like those countries are debt free either.
Yup, the US is the big bad wolf. Lol.
Your kool aide will taste better if you change out that bunker water once in awhile.
Knowledge is the enemy of fear
they don't need to dominate the global economy to end the reign of king dollar. With 40% of the global population and a quarter of the global GDP all they need do is develop payment methods among themselves that bypass the dollar. They are well on their way to this. Once complete and they have a smooth system among themselves for international non-dollar payments you will witness their other trading partners becoming part of the payment system. Historically owners of a reserve currency get kinged as dominator of the global economy.
Keep in mind that it was not long ago that the US was able to prevent any attempt to bypass the dollar. Just ask Saddam and Gaddafi. The players now are too big to take head on.
What I fear is that with the threat BRICS poses to the dollar system is just how far the dollar's masters will go to prevent a non-dollar system. Face it, we are already in the middle of a de facto war with the second most important BRICS player. Will Taiwan become the next pawn?
For now all of this bodes well for precious metals. Good possibility that the BRIC solution will involve a peg to gold. When all of this plays out it is very likely that holding gold will be more rewarding than holding dollars. But, as I have said earlier on the forum, all slaves under the dollar system, including those that hold PMs, will suffer with the dollar/'s demise. PMs will only protect the dollars that are tied up in them; all other assets will suffer. Some gold will come in handy to scoop up devalued assets.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
7 Signs That Global De-Dollarization Has Just Shifted Into Overdrive
Prepare oneself.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Prepare for what? Much ado about nothing?
Knowledge is the enemy of fear
Prepare for your dollars to be worth a lot less. However, I realize you live in a different economy and are protected by your faith in Jerome and Yellen. LOL.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Metals are fine and dandy,
but it's you people who are precious!
We appreciate the life energy you have expended in typing your wisdom for us to enjoy, year after year.
Here's to all that's going well for you in your 'villes.
Liberty: Parent of Science & Industry
I live in the same economy as you, however my faith and protection is within myself, not in others. No counterparty risk for me.
Knowledge is the enemy of fear
Weve seen how well an economic union works among countries with similar political and socio-economic conditions--the EU. So now you expect a union to work among countries with different political systems, different religions and languages, different geographic regions, and different demographics? Lol
Folk have been wishful for the demise of the USA since 1776. Even as we try to defeat ourselves, we shall retain dominance for long after you and I push daisies from below.
Knowledge is the enemy of fear
Since 2000, the rand has lost 80% of its value against the dollar. The rupee and real have lost 65% and the yuan has lost 25%.
In your world that is winning?
Knowledge is the enemy of fear
Always counterparty risk where dollars are involved. Believe what you wish, but your dollars are no different.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The dollar is losing ground as a reserve currency faster than you may realize.
My US Mint Commemorative Medal Set