Page 1 of 4 1234 LastLast
Results 1 to 15 of 110

Thread: de-dollarization

Hybrid View

Previous Post Previous Post   Next Post Next Post
  1. #1 | Top
    Join Date
    Apr 2021
    Posts
    11,740
    Thanks
    2,319
    Thanked 2,327 Times in 1,987 Posts
    Groans
    0
    Groaned 184 Times in 174 Posts

    Default de-dollarization

    By Yuefen Li

    China, India and South Africa are among the countries that have started to internationalize their currencies. Central bank digital currencies (CBDCs) have also been developed to help speed up settlements of cross-border transactions. According to the International Monetary Fund (IMF),8 as of July 2022, there were nearly 100 CBDCs in research or development stages, and two have been fully launched. Many countries are testing these digital currencies with the aim, among others, of using them in trade transactions in their own currencies. CBDCs can potentially reduce their countriesí reliance on the dollar in addition to digitalizing financing.

    https://internationalbanker.com/fina...s-unstoppable/

    Hey Walt, what have I been telling you?

  2. #2 | Top
    Join Date
    May 2012
    Posts
    36,851
    Thanks
    16,914
    Thanked 21,049 Times in 14,539 Posts
    Groans
    0
    Groaned 1,388 Times in 1,306 Posts

    Default

    They can try.
    Once in a while you get shown the light, in the strangest of places if you look at it right.

  3. The Following User Says Thank You to Althea For This Post:

    evince (02-05-2024)

  4. #3 | Top
    Join Date
    Apr 2021
    Posts
    11,740
    Thanks
    2,319
    Thanked 2,327 Times in 1,987 Posts
    Groans
    0
    Groaned 184 Times in 174 Posts

    Default

    Quote Originally Posted by Althea View Post
    They can try.
    They are trying. Five more nations joined BRICS in Jan.2024. The dollar will continue to be the global reserve currency but our sanctions and out-right stealing has forced developing nations to look for alternatives to the IMF and World Bank. Our national debt has them worried about buying treasury bonds. That will result in more trouble for our economy and a drop in the markets in 2024, no matter what Walt says.

  5. #4 | Top
    Join Date
    Aug 2010
    Posts
    73,814
    Thanks
    102,763
    Thanked 55,226 Times in 33,897 Posts
    Groans
    3,190
    Groaned 5,088 Times in 4,703 Posts
    Blog Entries
    1

    Default

    Quote Originally Posted by goat View Post
    They are trying. Five more nations joined BRICS in Jan.2024. The dollar will continue to be the global reserve currency but our sanctions and out-right stealing has forced developing nations to look for alternatives to the IMF and World Bank. Our national debt has them worried about buying treasury bonds. That will result in more trouble for our economy and a drop in the markets in 2024, no matter what Walt says.
    Whatever happened to your collapse that was to happen in May of 2033.

    You can’t predict a lot of gloom and doom which never happens.

  6. The Following User Says Thank You to Phantasmal For This Post:

    evince (02-06-2024)

  7. #5 | Top
    Join Date
    Jul 2006
    Posts
    184,527
    Thanks
    72,464
    Thanked 35,776 Times in 27,250 Posts
    Groans
    54
    Groaned 19,590 Times in 18,179 Posts
    Blog Entries
    16

  8. #6 | Top
    Join Date
    Apr 2021
    Posts
    11,740
    Thanks
    2,319
    Thanked 2,327 Times in 1,987 Posts
    Groans
    0
    Groaned 184 Times in 174 Posts

    Default

    Quote Originally Posted by Phantasmal View Post
    Whatever happened to your collapse that was to happen in May of 2033.

    You canít predict a lot of gloom and doom which never happens.
    That was Hawkeye. No one can predict economics. The dollar has competition now and that will hurt the US economy and Wall Street. It could take 10 years but eventually it will happen.

  9. #7 | Top
    Join Date
    Aug 2010
    Posts
    73,814
    Thanks
    102,763
    Thanked 55,226 Times in 33,897 Posts
    Groans
    3,190
    Groaned 5,088 Times in 4,703 Posts
    Blog Entries
    1

    Default

    Quote Originally Posted by goat View Post
    That was Hawkeye. No one can predict economics. The dollar has competition now and that will hurt the US economy and Wall Street. It could take 10 years but eventually it will happen.
    Sorry, typo, 2023.

  10. The Following User Says Thank You to Phantasmal For This Post:

    evince (02-06-2024)

  11. #8 | Top
    Join Date
    Aug 2010
    Posts
    73,814
    Thanks
    102,763
    Thanked 55,226 Times in 33,897 Posts
    Groans
    3,190
    Groaned 5,088 Times in 4,703 Posts
    Blog Entries
    1

    Default

    Quote Originally Posted by goat View Post
    That was Hawkeye. No one can predict economics. The dollar has competition now and that will hurt the US economy and Wall Street. It could take 10 years but eventually it will happen.
    No, I’m pretty sure it was you. You mentioned the collapse in 2023 several times.

  12. The Following User Says Thank You to Phantasmal For This Post:

    evince (02-06-2024)

  13. #9 | Top
    Join Date
    Jul 2006
    Posts
    184,527
    Thanks
    72,464
    Thanked 35,776 Times in 27,250 Posts
    Groans
    54
    Groaned 19,590 Times in 18,179 Posts
    Blog Entries
    16

    Default

    Quote Originally Posted by goat View Post
    That was Hawkeye. No one can predict economics. The dollar has competition now and that will hurt the US economy and Wall Street. It could take 10 years but eventually it will happen.
    I predicted your idiot deregulation of the Banks by refusing to fully implement Gramm leach Bliely act would cause a big economic crash



    I was correct


    uscitizen predicted it to



    Both he and I were trashed by the right on this site for our predictions



    Then we were proven correct in the real world
    Last edited by evince; 02-06-2024 at 11:34 AM. Reason: Y

  14. #10 | Top
    Join Date
    Jul 2006
    Posts
    184,527
    Thanks
    72,464
    Thanked 35,776 Times in 27,250 Posts
    Groans
    54
    Groaned 19,590 Times in 18,179 Posts
    Blog Entries
    16

  15. #11 | Top
    Join Date
    Dec 2006
    Posts
    72,472
    Thanks
    6,697
    Thanked 12,332 Times in 9,836 Posts
    Groans
    14
    Groaned 511 Times in 484 Posts
    Blog Entries
    1

    Default

    Quote Originally Posted by evince View Post
    People like a stable reliable system based on real life value
    you mean credits created out of thin air and doled out according the whims of the banker elite class?
    morality is a set of beliefs, attitudes, and behaviors that facilitate voluntary, cooperative and mutually beneficial relationships.



    Trump Wins,
    by definition
    https://www.vocabulary.com/dictionary/trump

  16. #12 | Top
    Join Date
    Jul 2006
    Posts
    184,527
    Thanks
    72,464
    Thanked 35,776 Times in 27,250 Posts
    Groans
    54
    Groaned 19,590 Times in 18,179 Posts
    Blog Entries
    16

    Default

    Quote Originally Posted by Blazed Pascal View Post
    you mean credits created out of thin air and doled out according the whims of the banker elite class?
    That’s how the republicans killed their party


    Cheating and lying for decades until the Russians under Putin hacked and blackmailed them so they could own the Republican Party

  17. #13 | Top
    Join Date
    Dec 2006
    Posts
    72,472
    Thanks
    6,697
    Thanked 12,332 Times in 9,836 Posts
    Groans
    14
    Groaned 511 Times in 484 Posts
    Blog Entries
    1

    Default

    Quote Originally Posted by evince View Post
    That’s how the republicans killed their party

    its what you're advocating, bankers creating money for whatever agenda they see fit.

    cbdc is pure technocratic totalitarianism.
    morality is a set of beliefs, attitudes, and behaviors that facilitate voluntary, cooperative and mutually beneficial relationships.



    Trump Wins,
    by definition
    https://www.vocabulary.com/dictionary/trump

  18. #14 | Top
    Join Date
    Jul 2006
    Posts
    184,527
    Thanks
    72,464
    Thanked 35,776 Times in 27,250 Posts
    Groans
    54
    Groaned 19,590 Times in 18,179 Posts
    Blog Entries
    16

    Default

    Quote Originally Posted by Blazed Pascal View Post
    its what you're advocating, bankers creating money for whatever agenda they see fit.

    cbdc is pure technocratic totalitarianism.
    Link

  19. #15 | Top
    Join Date
    Apr 2020
    Location
    Olympia, Wa
    Posts
    71,531
    Thanks
    3,133
    Thanked 15,116 Times in 12,641 Posts
    Groans
    1
    Groaned 1,447 Times in 1,391 Posts
    Blog Entries
    1

    Default

    I saw recently a piece "Dedollarization will harm the entire world....dont do it" but it wont work....the World is done with America...nothing we say or do this late will change this.
    The bottom line is that conservatives cant admit to themselves the Evil they have allowed to romp on their watch.

    This is going to hurt.

Bookmarks

Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •