Major in Economics, minor in Finance here.
There’s no doubt you’re right. . . Unless there is a major plan in place to handle a conversion. Returning to a backed dollar may be something that can be done.
I’ve been worried about the money supply for sometime since Obambi started running the printing presses full time over the last eight years. "Quantitative Easing" money went into the market to artificially prop up the markets while Obama was in office. . . and it’s still out there. Who now owns those assets purchased with those funds? There are reports of another $6.5 trillion (some are saying it may be as high as $11 trillion!) in spending that was off the books in the defense department that cannot be accounted for. Where did that money come from? Where did it go? There seems to be pallets of $100 bills off shore in the hands of our enemies that could be money bombed on our economy. We know that Iran has been printing extremely good counterfeit $100 bills. Change the standard oil currency for oil from the US Dollar to an artificial oil exchange currency which ALL nations have to buy to trade for oil and see what happens. It could be announced tomorrow by OPEC. Am I paranoid? Could be. . . but all of this was in the hands of the deep state and their agents and with those kinds of tools chaos could be tossed into the markets anytime.
Bachelors in Finance, MBA with specialty in Quantitative Modeling here.
I was a senior investment banker but left Wall St and NYC so long ago it seems like a distance dream.
That said, as an active investor, I am glued to my computer screen all day everyday day the market is open for trading and have Fox Bidness running in the background.
I try to stay a couple of steps ahead of the market and knowing Trump as we Freepers do helps greatly with that.
As we all know, the market still doesn't understand Trump. If it did it wouldn't freak out every time he makes an outrageous statement (like he did about tariffs last week). We Freepers know that is just how he negotiates.
BTW, sorry it took so long for me to get back to you. I usually go offline early in the evening.
And thanks to each of you for the great work you do on these Q threads.