Friendly reminder that any day now, any month, any year - the US will be removed as the Reserve Currency of the world and when that happens we will not even be able to make the interest payments on our National Debt and it will result in economic collapse unlike anything ever seen before.
I hope you're ready
Read every word on this piece of paper very carefully; and learn exactly what each word means, and why the words were chosen.
>implying the gold standard exists
OP,
There is no nice way to say this: you are a stupid fag.
The US can make any interest payment any time, ever, by a wonderful magical thing called Quantitative Easing. There is ZERO risk of the US being unable to make interest payments.
>didn't read "1928" on bill
Nihilist.
usd no longer world currency. every country decides to stop using usd for other. china comes knocking saying PAY ME NOA OR WE TAKE EVERYTHING.
gg no re
>the US will be removed as the Reserve Currency of the world
Who's going to do that, OP?
They've been talking about it for quite a while now
You should pay attention
>Quantitative Easing
this one will catch the low IQ's out
Who is they?
>A report released by the United Nations Conference on Trade and Development in 2010, called for abandoning the U.S. dollar as the single major reserve currency. The report states that the new reserve system should not be based on a single currency or even multiple national currencies but instead permit the emission of international liquidity to create a more stable global financial system.[47][48][49]
Guess who is going to head the UN after his presidency?
good
people "dont care" about politics their country etc because there is plenty of cheap food and entertainment. they think everything is ok enough and people always support the current leaders when the current leaders keep them fed
When people start going hungry they will wake up. when they wake up they will see how badly our ""leaders"" and the elite have screwed them over.
A crash even a great depression tier crash will be the biggest mass redpilling in recent history. It will be followed by one of the biggest revolutions in history
Will these be shitty hard times? definitely
but if Cred Forums really wants the change it says it does then we should be hoping with all our hope that such a crash happens
from the crash will spring the revolution
no revolution in history has been "comfy" a revolutionary must be prepared for shitty times before he can produce the good times he has desired
this is the biggest redpill: in order for us to take back our lands we must have the current system hit rock bottom
You have your ideas mostly right Cred Forums. Now tell me are you really willing to suffer to see your ideas implemented? if not you at the end of the day are no better than a normie armchair politician and are part of the problem
you should be asking, who wants to keep it the Dollar. it use to be great and universal, now it's a taboo in many investment circles to trade in dollars since they retain soo little of there value. you can thank you fed for that.
Also, at least 50% of the value of the dollar is based upon the dominance and stability of the US. as soon as civil unrest hits the US expect every nation to stop holding dollar; and they will dump it upon your door step creating major inflation.
youre debt, your change social demographics and lack of spine within the leadership marks the decline of the american empire, it only a matter of years now before you and i witness the decline of such nation, only to be uttered in history books within 100 years.
>asking who (((they))) are
first day huh?
welcome
Well fugggg
(((((They)))))
changing *
>as soon as civil unrest hits the US
I don't think this is inevitable.
>decline of the american empire, it only a matter of years now before you and i witness the decline of such nation
Maybe.
I think the American Empire is just getting started.
Eyeroll.
b.umping for interest
...
Haha I knew China would come up.
Listen up, Zhang. I know this is hard for you to accept because you really really want your tribe to be Number One like it was in an imaginary past that you believe to be historical fact because you are hilariously brainwashed, but the PRC is a fucking Ponzi scheme and everyone who needs to know knows this. Nobody trusts them and nobody is going to begin to trust a police state that does not allow free debate and literally instructs financial journalists to "have positive energy" (i.e. be positive about the economy or it's prison for you).
I am happy to refute any argument you come up with and explain to you why you are wrong.
China has gamed the system to turn its Commie elites in to billionaires and lifted people up from wretched poverty to just plain poverty. The Commies are too greedy, have delayed reform too long and now a Russia-in-the-90s scenario is basically unavoidable.
The glib way to sum it up for normies who will never bother to learn it is:
"If you owe the bank a million Dollars, the bank owns you. If you owe the bank a trillion Dollars, you own the bank".
>we will not even be able to make the interest payments on our National Debt
The debt is still in dollars, it being the reserve standard is irrelevant.
GOLD
SILVER
LEAD
AND LAND
OWN THESE OR YOU OWN NOTHING
Any year...
>LEAD
The most important one
you also can obtain the other 3 with lead
>I think the American Empire is just getting started.
you'd be surprised how many people in Europe are now fostering an Anti-american sentiment and are opting for pro-european. but don't worry, people here still favour the US.
and as for empire getting started? One can only dream, i hope i am wrong and the US doesn't collapse, but i feel the parallels are there, they almost seem totally unavoidable.
one of the Biggest drains on your economy is:
- Bad currency
- dysgenic negros
- new dysgenic whites (the SJW ect.)
- in tangent with bad currency, it makes the US military budget less effective. If you were to modify your currency in resebalence to china's, the effective spending of $ would triple, allowing you to get more ammo for example for the same price.
The currency's value comes from its Reserve status
you fucks are so retarded and nary a one of you truly understand economics. A nation can't simply dump dollars on the U.S.'s doorstep for the outstanding treasury bonds that foreign nations invest in. They are not bearer bonds and can't simply be cashed in until the maturation date.
See here and stfu
nice digits but again you're retarded a U.N. report has zero bearing on reality. The world standard will remain the U.S. dollar for decades if not centuries to come until a nation more powerful than the U.S. arises. The secondary basket reserve currencies mean jack shit and simply a way to make other nations like shitty China that is added this October feel better about themselves
We are the weak, it is not what we are meant to be it's the lot we choose. Our own weaknesses and pleasures have deceived and misled us, we are on a precipice of a cliff that we only reached because we strayed from the trail.
>truly understand economics.
i work in a investment bank and have 2 degrees in economics and a master init also. Challenge me.
i'm going to give you a simplified example.
>US collapses
>Needs $$$
>nations, now selling dollars, offer loans to the US to next to nothing on interest rates just to get rid of their under performing capital.
>massive acceptance of loans within the US causes inflationary effects as soon as it hits money supply.
Example, the German republic post WW1.
Then we go to war and loot the rest of the world. We still have the biggest military, dumbass.
QE stops being effective the more you do it. Japan has reached this point already. Europe as well. The US is almost there. You can't QE forever.
>meme response to a serious issue.
It isn't the only reserve currency. It will not be removed. You are a faggot, OP.
depends on the degree of societal breakdown, either way i've been stockpiling surplus 308 and 7.62x39
hurr door it's the internet I'll claim that I'm an expert. Based off your posts you're literally fucking retarded.
So if it goes down in value its even cheaper to pay back then right? Sounds pretty good.
it's not a meme response it's literally what would happen after the U.S. government secured all the gold stored within our nation.
you've used the word retard 3 times already, nice diversity.
but anyway, i have no incentive to lie since i'm wide awake and need to get ready for work soon.
not everyone here role plays, but since you want to be the little bitch you are, how about you provide a coherent counter argument? yes, that will involve thinking if you are capable of such task. i'm doubtful i will get a respose.
Being an idiot certainly does not disqualify you from working in finance.
I have a housemate from university who is now working in investments in the UK and he is a fucking retard. A smug retard from a wealthy family who talks a big game, but still a retard.
Your greentext scenario is at best so poorly defined as to be essentially meaningless and at worst the childish fantasies of a guy who is very jelly of America.
this thread reminds me of all the other past threads over the last 5 years, referencing youtube morons who think and say the $ will collapse any time now.
The world has to understand (and it does) the $ collapse is the worst thing that could happen to it, the US will never pay back anything and no one can force it too. if they try to corner the USA there will be one hell of a war that no one will win.
>Your greentext scenario is at best so poorly defined as to be essentially meaningless and at worst the childish fantasies of a guy who is very jelly of America.
it can happen and since the financial products are there, it will.
but anyway.
>muh mate works at duh bank and hes a RETARD, so therfore yu iz a retard
what do you study?
Indeed.
In the long term, you can not QE indefinitely. Shit will get fucked up.
I was considering writing a longer post in response to OP but what's the point in shadowboxing the possible delusions of a sperglord? Who knows what he may have been trying to say? Who knows what idiotic scenario based upon a Youtube video with 150 hits is in his head?
Better to just point out that in his brief post he had already managed to say something retarded and leave it at that.
to what your retardation? If you're claiming to be some financial expert the burden of proof lies on you. Your belief that somehow the dollar is going down anytime soon is laughable. Until the rest of the world combined spends as much as the U.S. does militarily in a single year for starters but realistically for a decade in a row. The U.S. dollar isn't going anywhere and neither is the U.S.
The UK still has investment bankers?
If they wont take our dollars we bomb them
Except there's a huge difference between Europe, Japan and the U.S., the U.S. can essentially QE forever as long as we retain being the single defacto reserve currency and maintain the strongest military to back it up.
What part of my post did you have a difficult time comprehending? I'll break it down for you like a small child.
>AND LAND
Implying you "own" it. You rent it from the government.
>Studying two lucrative majors
>graduating in 2 yeats
>Will be able to pay off debt in 2 years
>about to learn how to code
>started a garden
>getting my FOID card
>want to be financially independent
>know that money is worthless
How am I doing for the crash? How else can I prepare?
You need to link up with like minded people. You can't weather it out on your own.
As if they'll ever let that happen. The US is a powerful nation, itching to topple dictators, European Sultans, and we just need that one final piece to the puzzle to piss EVERYONE off.
try just living your life. people have been claiming the U.S. and dollar will collapse since at least the 60's. It's yet to happen and if it does there is almost nothing you can do to prepare for it. If the U.S. dollar crashed the world would be in a for hurt the likes of which I don't think even the most pessimistic of us can imagine.
I have my family, and I know one person out here.
I have issue with "like-minded people". The only people I know who are preparing for the happening live states away. Most people I meet IRL are either oblivious or apathetic.
It's ironic how I'm in college, but all of my classmates only know lies.
>Until the rest of the world combined spends as much as the U.S. does militarily in a single year for starters but realistically for a decade in a row
the naivety on this one is strong.
>he believes it's invincible.
i'm sure the king of the British empire felt the same way.
This would hurt China more than it would help. The only time they would do this is if we actually started to grow again.
No, you can prepare for it. You can defend your land and live off it. You can own precious metals, of ALL varieties (*cough* guns and ammo *cough*). You can surround yourself with good people who will help one another out. You can own wells.
Basically, humans only need a few things. Water. Food. Security. Work. If you can provide those to other humans in need, you will be richer than the wealthiest man in the world.
Not in our life time. We have the biggest guns and the biggest dick. Look what happened to Qaddafi when he tried making his own currency.
>be trillions in debt
>still have #1 economy
>a-any day now~~~!!!!!
>i'm sure the king of the British empire felt the same way.
I'm sure he did too until he fucked with Americans kek
STEM, nigga. Masters degree, full time professional employment and not impressed by your soft science bullshit.
Your scenario is retarded, sorry.
>US collapses
Okay... bit of a strong place to start.
..
>Needs $$$
Surely in a "collapse" scenario, people are sellinf furniture or killing each other for food, not worrying about the Fiat currency of the collapsed ancien regime?
Fortunately the US has far more food than it needs, at least...
>nations, now selling dollars, offer loans to the US
OK this gets stupider now... so the US suddenly collapsed but everyone else is basically OK... despite the US's central role in global finance, the global guarantees of the US military and the countries that depend on our food exports?
And the other countries are not only OK but also now in a position to suddenly dictate terms because the US is apparently still involved in international mega-finance despite, er, having collapsed
...and Dollars are still apparently worth something, even though the US has collapsed...
...and the US is where Dollars come from so they can just print more - if they're collapsed it's probably better to print more rather than let foreigners rip you off selling you your own currency...
...and the US military's power is not a factor...
I agree that there are some mediocre people in terrifyingly important positions of power in the US these days. But the people who built this system are arguably the greatest statesmen ever - their only rivals are Victorian Brits and that's only in relative terms.
The US's position is still extremely strong and there is no realistic rival. The EU could have been but they fucked it up.
Want to hear a joke?
National debt.
Want to hear a funnier joke?
Mutually Assured Destruction if anyone tries too hard to collect.
>tfw holding crypto
Digix in particular, blockchain sovereign over gold.
good times.
BREH, you said something retarded.
I pointed out that it was retarded. Just because you have decided to reply to me in a condescending manner does not mean that what you said is no longer retarded. It does not mean that everyone can not see that what you said is retarded.
Congrats on your thread getting more posts than it deserves, though.
Damn I don't have enough loot if the world goes to shit I guess I'll just be a raider if it happens soon. Protect yourselves faggots
it's supposed to be path of light faggot, you must be new and a google if your concern is looting
We use burger dollar as currency in our tiny country. Someone can explain me what's going to happen to us when this occur?
My body is ready. Judge dred, rwds the happening. Twill be a good time. Got 2 years worth of food stashed and enough arms and ammo to outfit a militia. Cant wait to see the chimps when they cut off gibs and ebit.
No-one knows because no-one gives a shit about your tiny """country"""
Why so violent user?
>when that happens we will not even be able to make the interest payments on our National Debt and it will result in economic collapse unlike anything ever seen before.
Yes you will. The US government physically cannot run out of money.
Even if your de-facto reserve currency status was lost, the USA can always pay her debts because we live in a world where the printing press is a thing, and your debts are denominated in USD.
The end of Breton Woods was a tragedy, but it's ultimately the USA's fault.
>Keyenes proposes an international accounting unit named the Bancor, and a system to manage international balances of trade
>USA refuses as they're a net creditor, instead we get Breton Woods with the USD adopting the role as the reserve currency instead of the Bancor
>USA hits Triffin Dilemma and has to end Breton Woods
>Wages and Productivity almost immediately diverge.
I am actually totally calm and slightly happy. I was just being mean for no reason ecuabro
I get it. I would react the same :)
>Undisputed military champion of the world
>Breadbasket of the world
>Scientific research capitol of the world
>Oil refinery of the world
ITT the rest of the world tells the boss how to do its job
foreign investment in the US will skyrocket and Clintrump will ensure the country goes to the highest bidder. deal with it and never forget what really matters - having a roof to sit under and eat some apples, taking a good shit and having sweet dreams.
Fucking Leafs, I swear...
OK Ecuador, I'll try to answer your question.
Do you mean what will happen if the US Dollar - and therefore the entire global financial system - collapses?
IF it happens, nobody knows what will really happen next. It's all hypothetical, but the vast majority of people are probably fucked.
It'd be least-bad in the places that can comfortably feed AND defend themselves... basically, we mean only the US and Russia there.
But, depending on how bad it gets, there's nothing to prevent a breakdown of order in these places, too.
Regions that need to import calories have a good chance of becoming nightmare warzones fast.
To be honest, it's quite unlikely that it will all collapse any time soon. Why? Because every rich fuck and top shot caller on the planet has a vested interest in keeping the world nice and peaceful for the most part.
>The end of Breton Woods was a tragedy, but it's ultimately the USA's fault.
actually the true end is France's fault. If they frogs weren't redeeming so many dollars for gold to then take delivery of the gold and sell it for market price versus the $35 an ounce the U.S. held and redeemed at the system would have lasted much longer. But fucking European socialists already had a taste for spending other peoples money back then and Nixon saved the U.S. gold supply by ending convertibility.
The system would have lasted longer, but it was always going to fail eventually. The Bancor on the other hand could've theoretically lasted indefinitely since there would be no short term "domestic" financial concerns to hamper it's operation as a reserve currency.
>Regions that need to import calories have a good chance of becoming nightmare warzones fast.
Well, we don't have any real problem with that because we farm most of our food and we have good soil for plantations.
Anyway, the scenario when the currency collapses in a third world country like mine sounds terrible because we have poor to no heavy industries that can provide essential goods like gas or steel. And there's no chance we can change bananas for fuel
Every thing is going according to plan. They're going to have to come up with a new word for what I'm doing to the dollar.
also protein
Yes, you don't have to be a rich first world economy to be very dependent on fuel now.
I don't know much about South America but it's probably in a better position for the Mad Max scenario than the arid Arab oil kingdoms or insanely overpopulated Asia.
But like I say, all this doomsday stuff is pretty much bullshit as long as there's enough food and water to go around. And if we get to the point where there isn't, whatever "basket of currencies" serves as the global reserve is going to become irrelevant fast.
Anyway I've got work tomorrow so gotta go. Later, Ecuabro