If this happens then the Dollar is for sure cooked. This policy by Biden via Yellen is insanity for the financial system. It just says I can't trust the system. I disagree with this. Putin is then correct. It is theft
Agreed, but the other argument is that America can't afford to fund Ukraine anymore and that's why they are using the Russian confiscated money instead and I read that they can pay back to themselves the money they have spent propping up the Ukraine. so that it becomes a win/win for the West and a loss to Russia, which ends up paying for the Ukraines defence against Russia, instigated by Putin and his Russian forces as well.
That is not a win win for the west. It is a strategic loss! This means all other countries will say I can't trust my money in that system! Folks who are saying it is a win for the west are so short sighted. The Ukraine can't win that war and this money laundering operation needs to stop. America prints money. It can afford it because the money is currency. Folks do not understand the financial system. It is an outright stupid mistake. Folks will see. Oh well when stupid rules stupid does.
America prints money of no financial value, except in America, because everyone knows that America owes so much monsy it can't ever repay, that at some point in time, the rest of the world is going to dump the American Dollar and America will become another 3rd world country like Cuba, with a currency nobody wants, because America does not create anything the rest of the world wants, that all comes from China.
Personally, I don't care if Russian money pays for Ukraines war against Russia, it does not affect my country that I can see, not that, like you, we have any say in the idiocy of how the politicians run our respective countries
That is true but also not true. America will take a hit but all it has to do is change policies. This started 50 years ago so it can now make a u turn.. America has the capability to be self sufficient. Cuba is a totally different story. Also the American consumer is power source. America is screwed but it can make a comeback as long the policies are executed in that capacity. The dollar will still be relevant. The Pound is still around isn't it. It was the reserve currency. The podcasters are just selling fear porn and have no clue of economics and finance. yes America will take a hit. The debt was never to be paid back!!! That is in the original Fed act 1913. So the real people who know that will profit. The fear porners will just keep spreading half truths. The interest is what is to be paid. Not the principle. It has been an extremely profitable game for 100 plus years for a select few. China is just a manufacturing hub and there quality is still not the best. It does affect your country in ways you may not see obviously but it does.
Agreed, but - The interest is what is to be paid - until America defaults and then the shit hits the ground and all hell let's loose in the world markets and several times, quite recently, it looked like America was going to default and the interest date had to be put back a bit, so that the politics of the situation could be ironed out and the interest payments made.
The whole American thing revolves around that interest payment.
US Debt clock breaches 35 trillion bucks – Yellen says an extra 3 trillion bucks a year needed for “climate transition" - 75 trillion dollars over 25 years - US Federal debt will 100 trillion by 2038
The default will happen in silence. America can pay the interest. It is just that the people will suffer. The interest will get paid. The people will pay it. The whole default thing is fear porn. When the default happens it will be for the benefit for the same people who cause the default. The interest rate goes up and down. It affects business not America. Business will suffer if rates go up. Will cause a squeeze. But again the interest will be paid. The social welfare will take a hit. People will get the American socialist dream!
If this happens then the Dollar is for sure cooked. This policy by Biden via Yellen is insanity for the financial system. It just says I can't trust the system. I disagree with this. Putin is then correct. It is theft
Agreed, but the other argument is that America can't afford to fund Ukraine anymore and that's why they are using the Russian confiscated money instead and I read that they can pay back to themselves the money they have spent propping up the Ukraine. so that it becomes a win/win for the West and a loss to Russia, which ends up paying for the Ukraines defence against Russia, instigated by Putin and his Russian forces as well.
That is not a win win for the west. It is a strategic loss! This means all other countries will say I can't trust my money in that system! Folks who are saying it is a win for the west are so short sighted. The Ukraine can't win that war and this money laundering operation needs to stop. America prints money. It can afford it because the money is currency. Folks do not understand the financial system. It is an outright stupid mistake. Folks will see. Oh well when stupid rules stupid does.
America prints money of no financial value, except in America, because everyone knows that America owes so much monsy it can't ever repay, that at some point in time, the rest of the world is going to dump the American Dollar and America will become another 3rd world country like Cuba, with a currency nobody wants, because America does not create anything the rest of the world wants, that all comes from China.
Personally, I don't care if Russian money pays for Ukraines war against Russia, it does not affect my country that I can see, not that, like you, we have any say in the idiocy of how the politicians run our respective countries
That is true but also not true. America will take a hit but all it has to do is change policies. This started 50 years ago so it can now make a u turn.. America has the capability to be self sufficient. Cuba is a totally different story. Also the American consumer is power source. America is screwed but it can make a comeback as long the policies are executed in that capacity. The dollar will still be relevant. The Pound is still around isn't it. It was the reserve currency. The podcasters are just selling fear porn and have no clue of economics and finance. yes America will take a hit. The debt was never to be paid back!!! That is in the original Fed act 1913. So the real people who know that will profit. The fear porners will just keep spreading half truths. The interest is what is to be paid. Not the principle. It has been an extremely profitable game for 100 plus years for a select few. China is just a manufacturing hub and there quality is still not the best. It does affect your country in ways you may not see obviously but it does.
Agreed, but - The interest is what is to be paid - until America defaults and then the shit hits the ground and all hell let's loose in the world markets and several times, quite recently, it looked like America was going to default and the interest date had to be put back a bit, so that the politics of the situation could be ironed out and the interest payments made.
The whole American thing revolves around that interest payment.
US Debt clock breaches 35 trillion bucks – Yellen says an extra 3 trillion bucks a year needed for “climate transition" - 75 trillion dollars over 25 years - US Federal debt will 100 trillion by 2038
Peter Halligan
Jul 29
The default will happen in silence. America can pay the interest. It is just that the people will suffer. The interest will get paid. The people will pay it. The whole default thing is fear porn. When the default happens it will be for the benefit for the same people who cause the default. The interest rate goes up and down. It affects business not America. Business will suffer if rates go up. Will cause a squeeze. But again the interest will be paid. The social welfare will take a hit. People will get the American socialist dream!