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Dont you think the upcoming Xi's visit to Saudi will change all that ! (China's direct response to Pelosi's visit)
The death of USD will be kicked into overdrive !
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- Thread starter bd popeye
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lol
Dont you think the upcoming Xi's visit to Saudi will change all that ! (China's direct response to Pelosi's visit)
The death of USD will be kicked into overdrive !
There is a theory the dollar actually died in 2019, and everything since then has been the US trying to cover up the stink, starting with the massive REPO issues in Summer 2019 and then from the coincidentially if not altogether convinently timed once in a century global pandemic that allowed US the cover and pretext to print more in 3 years than 80% of all dollars that had ever been put into circulation in the entire 225 year history of the USA, then to the US provoked Ukraine war to throw Europe under the bus, to crash the Euro and to create demand destruction on that entire continent, to now the Fed Reserve hiking interest rates forcibly during an US economic recession (which is also unprecedented) it seems its just masking the stink of a dead dollar... My contention is USD is already dead but due to its momentum and inertia it will take about another year or so for the full effects to show as rigor mortis sets in and the implications works its way though the entire global systems
I think a timeframe of 180 months is a more realistic time frame given how much dollar denominated debt there is in the world. So there will be for the foreseeable future a demand for dollars all over the world. Once those debts are paid off or defaulted on that the US ability to export inflation will be severely diminished.
Then we still have the IP question while the US is slowing down to the point its now neck to neck maybe even losing in IP in new sectors to China, the US still has a very large portfolio that probably needs to be rented with US dollar. The US empire is failing and sliding but the US as a nation is still a behemoth of a rival/enemy.
But then again a lot of world changing stuff has happened the last 2 years, so maybe 18 months might be correct if things keep sliding downwards the next 18 months in a ever increasing velocity.
PiSigma
"the engineer"
JD Sachs is also the guy who basically looted Russia for the Clinton's back in the 90s.
Unfortunate news coming out from the stupendous legacy and freedom work did by those ethically blessed, and purveyor of democracy around the world, the U.S. in IRAQ.
The always moody and mercurial Shiite Cleric Muqtada Al-Sadr has apparently quit his post leading to his supporters attacking, rampaging through various government buildings that caused 10 of the protesters dead due to the Iraqi Freedom hit squad giving the civilians flowers and freedom bullets.
Yet, the western world had been obsessed with Sri Lanka to tie that country's economic collapse with China's alleged and hogwash accusation of Chinese induced debt trap.
Let's see how this beautiful sight unfolds and be explained by the usual hypocrites both on this forum and outside.
"Iraq orders nationwide curfew after protesters storm government palace"
The always moody and mercurial Shiite Cleric Muqtada Al-Sadr has apparently quit his post leading to his supporters attacking, rampaging through various government buildings that caused 10 of the protesters dead due to the Iraqi Freedom hit squad giving the civilians flowers and freedom bullets.
Yet, the western world had been obsessed with Sri Lanka to tie that country's economic collapse with China's alleged and hogwash accusation of Chinese induced debt trap.
Let's see how this beautiful sight unfolds and be explained by the usual hypocrites both on this forum and outside.
"Iraq orders nationwide curfew after protesters storm government palace"
That depends on the composition of maturities of the bonds or debts. If all debts are as short as one year, dollar only has one year left. Not saying it is, but pointing out the other factor that need to be considered.
If US relies on IP for major income, it will have to accept whatever currency others are willing to pay. Starving person can not choose between a burger and a baozi (Chinese burger). Also the IP is only valuable if US has the strength to protect it. For example, Brazil and others (India?) had threatened to produce unlicensed covid19 vaccines if the producing countries refuse to give an affordable price. It didn't happen probably because of compromise from both sides. I am saying that the value of anything including IP is subjected to negotiation, US IP can become much cheaper as cabbages when US loose dominance that Dollar is one of the two pillars (the other being gun).
Huawei’s profits collapse as US sanctions bite
Founder tells employees marginal businesses will be ‘shrunken and closed’ and ‘chill’ will be felt by everyone as company fights to survive.Source:
We have witnessed a breakneck collapse of Huawei in the last four years. The global hegemon has clearly been successfull with their Huawei campaign. I was mum in 2018-2021 to give the Huawei case time to develop but we can now make a more definitive statement.
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Special Operation to retrieve stolen goods from the British Museum.
Technically the PLAN have operated in the Thames before, when relations hadn't turned sour: