Howdy fd ski
As you are not American I appreciate your pov
I hope it is correct but basic economics would state otherwise
Oil was the key since Nixon killed the $$$
Now it is just military might imo
That is why I think it will take us fighting to retain reserve currency status .. we will make very good patriotic reasons for them, to save the dollar and our comparatively bloated lifestyle wouldn't be it.
Imo it is the real reason they are raising rates...to give it back some value but that action is being reversed via continuous QE..though the fed doesn't call the $$$ they are printing to save crappy banks now that.
Yes the only thing slowing or stopping this proceeding as quickly as it could go is the fact we are the least stinky turd in the pile currently but will change if we send the globe into a nice recession playing god with our currency imo
Eagler
and here you are wrong, my friend. I'm an American, just as you. USN veteran, passport carrying, whole 9 yards. I've been living in EU for 20 years now, to i see different perspective, that's all.
whatever bad things you say about USA, it remains a place most people would point to as desirable place to live. You may joke all you want about "freedom", but it is very real for anyone who ever lived in an oppressive regime. And before anyone starts mouthing of about Republicans/Democrats and how oppresive USA is, stfu, you haven't seen toejam. If you didn't have a volga drive around your area at 2am with secret police pulling people out of the houses and everyone around too petified to speak about it, you haven't seen an oppresive regieme.
Anyway, USA ain't bad. It has it warts, it ain't perfect, but it still ain't too bad. No sane person looking to escape poor 3rd world nation will pick china or russia. Most will give their right arm for EU or US passport.
As for financial stuff, profit trumphs over politics and ethics. Those who invested in Russia last 30 years lost to on money. That's basically every large corporation on the planet. China has been dicking around with their currency for just as long, artificially inflating/deflating it as politics dictated. House market crisis anyone ?
If you come accross anyone working in finance who tells you to invest into any security backed by china or russia, because it's backed by gold (!!!), take your money and run.