It used to be about 80% of global transactions and now its down to about 59% and dropping steadily. I think its time to be concerned.
Is the US and the dollar finished?
- Thread starter dognutz
- Start date
I've added a small position of Barrick to my stock portfolio.
Agnico Eagle would be a lower risk alternative but I only want
to buy it cheap. I've also increased slightly the weight of Sprott's
physical bullion funds in my registered account.
I am not into precious metals investing. But I think an allocation
within 5%--10% of investments to gold and silver bullion/stocks
could turn out to be a prudent move.
In order for a country to have its currency be reserve status… you need minimum of 2 things…. The ability to print so much of it that it can sustain global trade… and a military that can back it up when challengers come along.
That alone leaves the US.
You can bet on China, but they are about to start a massive population decline…. They will have a smaller work force, a smaller tax base to pay their massive debt, and less consumption of products. That alone is massively inflationary. Their currency situation is beyond unstable, and nobody wants Yuan. Not even them.
India will be stable for another 20 - 30 years, but don’t expect them to fill China’s gap in the globalized market. Expect India to serve India. And they are big enough for that to work.
Russia…. They need the West and they have lost the West. For Now. And there population is collapsing fast as well.
I hear this story of the US Dollar going away at least 3 times a year for the past 20 years. People show news articles, and charts, and pictures of an upside down dollar pyramid….
Before any country industrialized…. A large portion of the population lived on farms. On a farm, kids are free labour… and you had as many as you could. Populations grew… And when countries industrialized, people moved to cities, and over the last 100 years major cities have exploded. In the city kids are expensive, dirty, and take up space… and people aren’t stupid, so they had less of them.
While some countries are in a better spot than others, the boomers are going away, and there are not a ton of kids to replace them. We don’t have an economic model for next 2 decades….
The US is actually in decent shape demographically because there are a lot of millennials…. Mexico is strong demographically… and Canada saw this coming and had an amazing immigration program. Kudos to both major parties for seeing reality, (even if it’s not what they tell their base).
Europe… in trouble. China… finished.
Russia…. Only 8 million men in their 20’s before the war started…. A million have fled, and they will feed nearly a million to the war machine. Done.
That alone leaves the US.
You can bet on China, but they are about to start a massive population decline…. They will have a smaller work force, a smaller tax base to pay their massive debt, and less consumption of products. That alone is massively inflationary. Their currency situation is beyond unstable, and nobody wants Yuan. Not even them.
India will be stable for another 20 - 30 years, but don’t expect them to fill China’s gap in the globalized market. Expect India to serve India. And they are big enough for that to work.
Russia…. They need the West and they have lost the West. For Now. And there population is collapsing fast as well.
I hear this story of the US Dollar going away at least 3 times a year for the past 20 years. People show news articles, and charts, and pictures of an upside down dollar pyramid….
Before any country industrialized…. A large portion of the population lived on farms. On a farm, kids are free labour… and you had as many as you could. Populations grew… And when countries industrialized, people moved to cities, and over the last 100 years major cities have exploded. In the city kids are expensive, dirty, and take up space… and people aren’t stupid, so they had less of them.
While some countries are in a better spot than others, the boomers are going away, and there are not a ton of kids to replace them. We don’t have an economic model for next 2 decades….
The US is actually in decent shape demographically because there are a lot of millennials…. Mexico is strong demographically… and Canada saw this coming and had an amazing immigration program. Kudos to both major parties for seeing reality, (even if it’s not what they tell their base).
Europe… in trouble. China… finished.
Russia…. Only 8 million men in their 20’s before the war started…. A million have fled, and they will feed nearly a million to the war machine. Done.
probably not , and it would take a very long time for it happen if it does
as an investor, that's why you need to be diversified
as an investor, that's why you need to be diversified
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De-dollarisation is more a measure for betterment of lives
in the world outside the west than politically driven. Surely
Yuan will become more dominant but I doubt China has set its goal
to be demoting the USD to make Yuan the global currency. BRICS
may eventually create a gold-backed currency for trading among
its members though.
From the standpoint of OPEC selling oil in currencies other than
USD is a logical choice. Biden's NOPEC bill if passed (assuming it
is not passed yet) carries series implications to OPEC. Future cuts
in oil output could result in legal troubles to OPEC members. I can assure
you the U.S. will turn into the world's scummiest nation by the time its
own oil supply and imports from Canada are no longer sufficient to
meet domestic demand. Shale oil revolution is a one-time wonder of the
U.S. oil industry. It is going to languish within this decade. By switching
away from the USD OPEC members are just taking precautions against
U.S.'s punishments on oil price hikes like confiscation of assets. It is prudent
for Saudi and Iran to not own any USD treasuries.
For Russia it is only obvious de-dollarisation is in their interest. They
can't be that dumb to want to return to the USD given the more than
$300 billion's worth of foreign currency assets owned by Russian central
bank seized by sanctions. While the primary goal of de-dollarization in Russia
is one for their survival it will turn out to be Russia's act of vengeance to Europe
and the U.S. By the time the flow of fossil fuel and mineral supply to the
west from Russia is totally blocked standard of living in Europe and the UK
will be brought down to a level on a par with India.
For the rest of the non-western world it is only sensible to stay away
from the USD. The U.S. is on track to add another $19 trillion to its
current national debt of $31 trillion in one decade. How do you expect
it to ever repay its debt of $50 trillion? A more interesting question
would be when is the U.S. ever going to stop borrowing money.
There is no country in world's
history more blessed with abundance in natural resources than the
U.S. For years the U.S. produced more oil than even Saudi Arabia.
And yet given the size of its population it is the people of the U.S
that has squandered more resources than anyone else. People
in the developing world are now aspiring to the same standard of
living enjoyed by those in the U.S. and the west. To maintain growth
of their economies it is only logical for them to trade in local
currencies when the global currency is perpetually debased.
That way they can keep the U.S. from further squandering
Earth's remaining fossil fuel resources which are crucial to
improvement of living standard of the poorer parts of the world
in the coming years as world oil supply is on decline.
Having said that I must make it clear I don't expect the USD
to collapse in the foreseeable future. We in Canada will be in
big trouble if that happens. If you are holding blue chip dividend
stocks like for instance Enbridge and Brookfield stability of your
income stream could be hit badly if the USD is finished. I don't
expect that to happen. Other than keeping a few gold stocks
as minor holdings in my portfolio I don't see de-dollarisation to
be a threat in the near term to my finance that has to be dealt with.
in the world outside the west than politically driven. Surely
Yuan will become more dominant but I doubt China has set its goal
to be demoting the USD to make Yuan the global currency. BRICS
may eventually create a gold-backed currency for trading among
its members though.
From the standpoint of OPEC selling oil in currencies other than
USD is a logical choice. Biden's NOPEC bill if passed (assuming it
is not passed yet) carries series implications to OPEC. Future cuts
in oil output could result in legal troubles to OPEC members. I can assure
you the U.S. will turn into the world's scummiest nation by the time its
own oil supply and imports from Canada are no longer sufficient to
meet domestic demand. Shale oil revolution is a one-time wonder of the
U.S. oil industry. It is going to languish within this decade. By switching
away from the USD OPEC members are just taking precautions against
U.S.'s punishments on oil price hikes like confiscation of assets. It is prudent
for Saudi and Iran to not own any USD treasuries.
For Russia it is only obvious de-dollarisation is in their interest. They
can't be that dumb to want to return to the USD given the more than
$300 billion's worth of foreign currency assets owned by Russian central
bank seized by sanctions. While the primary goal of de-dollarization in Russia
is one for their survival it will turn out to be Russia's act of vengeance to Europe
and the U.S. By the time the flow of fossil fuel and mineral supply to the
west from Russia is totally blocked standard of living in Europe and the UK
will be brought down to a level on a par with India.
For the rest of the non-western world it is only sensible to stay away
from the USD. The U.S. is on track to add another $19 trillion to its
current national debt of $31 trillion in one decade. How do you expect
it to ever repay its debt of $50 trillion? A more interesting question
would be when is the U.S. ever going to stop borrowing money.
There is no country in world's
history more blessed with abundance in natural resources than the
U.S. For years the U.S. produced more oil than even Saudi Arabia.
And yet given the size of its population it is the people of the U.S
that has squandered more resources than anyone else. People
in the developing world are now aspiring to the same standard of
living enjoyed by those in the U.S. and the west. To maintain growth
of their economies it is only logical for them to trade in local
currencies when the global currency is perpetually debased.
That way they can keep the U.S. from further squandering
Earth's remaining fossil fuel resources which are crucial to
improvement of living standard of the poorer parts of the world
in the coming years as world oil supply is on decline.
Having said that I must make it clear I don't expect the USD
to collapse in the foreseeable future. We in Canada will be in
big trouble if that happens. If you are holding blue chip dividend
stocks like for instance Enbridge and Brookfield stability of your
income stream could be hit badly if the USD is finished. I don't
expect that to happen. Other than keeping a few gold stocks
as minor holdings in my portfolio I don't see de-dollarisation to
be a threat in the near term to my finance that has to be dealt with.
Last edited:
USD doesn't have to go away for Russia and Saudi to sell oil
outside the U.S. in Yuan, Rupee and Ruble.
outside the U.S. in Yuan, Rupee and Ruble.
I guess China has spent away much of its foreign exchange reserves
by paying off USD denominated debt of its trading partners so they can
service their debt with Yuan earned from exports to China. Japan can
get rid of its holding of USD treasuries this way too.
by paying off USD denominated debt of its trading partners so they can
service their debt with Yuan earned from exports to China. Japan can
get rid of its holding of USD treasuries this way too.
Pictures worth thousands USD
Is this legal ?
US Fed biggest player out here
The truth will set you free
Is this legal ?
US Fed biggest player out here
The truth will set you free
Kenyan President Williams Ruto Calls on African Nations to Stop Trading in U.S. Dollars
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