BRICS (economic not political)

[Eagler]

Isn't the US tariffs going expedite this?

If we aren't the world's police, what's to keep the globe from switching its reserve currency from the dollar?

I think this can be discussed without breaking forum rules if we try..

Eagler

[rabbidrabbit]

It's a complicated conversation with lots of moving parts.  A couple of big reasons why the dollar has no competition is liquidity and stability.  To whatever degree transitions move away from the dollar it will be an incremental process based mostly on those two factors and confidence in credibility.

[Busher]

Isn't the US tariffs going expedite this?



Eagler

I would say it would. Trust and stability are no longer there.

[Animl-AW]

No way you can talk policy without it very quickly become political. Come on, you know this.

[Devil 505]

How deranged do you have to be to think that discussing a government policy isn't political?

[Eagler]

How deranged do you have to be to think that discussing a government policy isn't political?

I think one can discuss the affects of policy civilly without going off the deep end picking sides..

I guess some can't..

Eagler

[nopoop]

It's a complicated conversation with lots of moving parts.  A couple of big reasons why the dollar has no competition is liquidity and stability.  To whatever degree transitions move away from the dollar it will be an incremental process based mostly on those two factors and confidence in credibility.

Question is, what currancy could replace it ?
Just reading the basic problem is lower interest benifits the consumer and interest short term loan on the national debit . High interestest rates bring in international investment. Low interest=weaker dollar. High interest=stronger dollar.

No expert here...but appears the heavy weights have a shell game in the market. Lots of money going to made when the market flips. Which it will..

[Eagler]

High interest favors savers, low interest favors spenders..

Flaky economy/market requires endless spending to sustain itself..screw the dollar

Eagler

[rabbidrabbit]

Question is, what currancy could replace it ?
Just reading the basic problem is lower interest benifits the consumer and interest short term loan on the national debit . High interestest rates bring in international investment. Low interest=weaker dollar. High interest=stronger dollar.

No expert here...but appears the heavy weights have a shell game in the market. Lots of money going to made when the market flips. Which it will..

There is no currency that has anything near enough volume to be viable.  If there is a move away from the dollar it would have to be gradual and there isn't anything even remotely viable as an option so far.  BRICS is all trash and no one wants the renminbi either. Most of the narrative isn't driven by reality. 

[Animl-AW]

I think one can discuss the affects of policy civilly without going off the deep end picking sides..

I guess some can't..

Eagler

If you're in the same tribe, sure. Today is not yesterday, when we cared less.

Since I've been back you've tried these no less then 30-40 times and even start a new one right after the last one was locked.

Ever see a policy/political thread end well? They always start decent, they never end the same way, ever.
Policy itself sets sides. Cause and reactions of policy set sides, it all sets sides. You keep trying to normalize it in cloaking to slick wording. Cause and effect of a policy sets sides especially when erroneous information starts passing and the listener starts correcting them. Game over. Today both sides are NOT dealing with the same reality that can be discussed that way. Ya can't even agree on the reality. What worked 10 yrs ago can no longer work because of deep seated and hateful positions.

And no, 90% of the people cannot discuss these things and it not become political. This is why the old saying. Never discuss politics, income or sex in open circles, people walk away with changed opinions, not on the subject, on the speaker, ya lose friends. You're not going to beat human nature into your liking. <shrug> Civil went out the door when ya can't even agree on the same realities as a base point.

BTW, the dollar has lost value because of the current situation.

[nopoop]

"LOOK AT ME" has arrived not to discuss like everyone else, but to push for a lock.

Way to go "LOOK AT ME !!"

Golf clap...

[Busher]

Question is, what currancy could replace it ?

Some reading suggests the Japaneze Yen is possible but the Euro is most likely.

[Animl-AW]

"LOOK AT ME" has arrived not to discuss like everyone else, but to push for a lock.

Way to go "LOOK AT ME !!"

Golf clap...

Doesn’t take me to lock a thread. Obviously you’re referring to me. Watch and learn. Sooner ir later comments will come, a lock will follow. Not one has not been locked. Not one, looooong before my return. Burned out on the two face crap here

You do the work to bring more players. All yours BUDDY. Good luck

[Eagler]

BTW, the dollar has lost value because of the current situation.

Nothing like it will when they try to save the market and start slashing interest rates..

If we can't pay 5% on a 12 month cd we are toast..

Eagler

[CptTrips]