Posted on 04/13/2024 1:15:11 PM PDT by Roman_War_Criminal
The Bretton-Woods Agreement of 1944 established the framework for the rise of the U.S. dollar and its status as the global reserve currency which has its obvious benefits for the US, but there are also numerous costs involved, according to Brandon Smith, who writes “Think of world reserve status as a “deal with the devil. You get the fame, you get the fortune, you get trophy dates and a sweet car – for a while. Then one day the devil comes to collect, and when he does he’s going to take everything, including your soul.”
“Unfortunately, I suspect collection time is coming soon for the U.S“.
Global reserve currency status allows for amazing latitude in terms of monetary policy. The Treasury Department understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The petrodollar monopoly made the U.S. dollar essential for trading oil globally for decades.
This means that the central bank of the U.S. has been able to create fiat currency from thin air to a far higher degree than any other central bank on the planet while avoiding the immediate effects of hyperinflation.
(Excerpt) Read more at expose-news.com ...
“. Not going to happen as long as the US military keeps the airways and sea lanes open for commerce. “
The Suez Canal has been closed for 6 months because the US can’t control the Red Sea against Houthi terrorists.
Interest rates need to rise further, among other reasons to bring back an environment in which normal people can receive significant returns on their money by simply depositing it in a bank, instead of having no option other than gambling it in the stock market. It would also discourage the insane culture of borrowing that has reigned for far too long.
The losers would be those who foolishly live on credit, and that would especially include the largest deadbeat borrower on the planet, the federal government.
Again - gold and silver are commodities.
Agreed that those commodities have been rising in value but they are not legal tender (not saying they shouldn't be...just stating facts).
Those commodities are bought with dollars and sold with dollars.
Purchasing a commodity at a lower price and selling for a higher price makes a profit - no different than any other market.
Sub in Euro for IMF and wonder where it all went wrong.
I’ll have to get my suit pressed for dollar death 98,731.
“The Suez Canal has been closed for 6 months because the US can’t control the Red Sea against Houthi terrorists.”
On the bright side, the US Navy has a fantastic DEI program that they have implemented.
When I say 5%, I mean 500 basis points. It could be more.
Why “basis points?”
Is important detail - to be that small?
I was clarifying what I meant by 5%. I didn’t mean 5% as in 1.05 whatever the interest rate currently is. I means the current interest rate +5%. 500 basis points is 5%.
An extra 5% is going to cost an extra $1.7 trillion/year.
I was asking about the importance of basis points - wondering what you think about basis points.
For example, “0.05%” most people would understanding, but the more fine-tuned and smaller “8 basis” points would have some people wondering, huh?
My intent was to clarify my statement. That is all I was doing.
Once the dollar is floated, we won’t be talking basis points, but entire interest percentages. Anything smaller than 1%, or 100 basis points, will not be on the discussion table I don’t think.
And of course how much gold the federal government owns.
Good point. Thank you.
Scanning the article, it’s the same as ever. Digital-only money not only will end the $USD, it will end YOUR access to YOUR money unless the money dictators allow it.
And they won’t unless we stay strictly on their designated paths. Post on Free Republic? Forget about it.
That's a good one, sir. The Iranians and Houthis will get a good laugh from it.
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