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U.S. dollar --What happens if Dollar is Replaced as world's currency ?
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<blockquote data-quote="island1fox" data-source="post: 816607" data-attributes="member: 4816"><p>bbsam,</p><p>If I understood you correctly -their wealth , the uber rich certainly would not be impacted if their wealth was diversified among many monetary standards.</p><p>Also people like Gates and Buffet if their wealth was cut in half -so what !!</p><p>This yankee star Derek Jeter was "REDUCED" in salary to 15 million per year.</p><p>If the dollar crashed and Derek's buying power was now 7.5 million -so what.</p><p>The people that concern me -the average joe -like a retired UPS driver on a set pension--when his 3500 or so only has the buying power of 1750 --real problems.</p><p>When Gas is eight dollars a gallon and a loaf of bread could well be over ten ----all hell breaks loose.<img src="/community/styles/default/xenforo/smilies/FeltTip/peaceful.png" class="smilie" loading="lazy" alt=":peaceful:" title="Peaceful :peaceful:" data-shortname=":peaceful:" /></p><p>I cannot see the point of any American hoping the dollar is replaced as the "worlds currency" The housing bubble burst would only look like a hiccup in comparison to the consequences, with the poor and middle class taking the brunt of it.</p><p> </p><p>This dollar replacement and skyrocketing inflation is what we hear today in wispers same as people silently went along their merry ways until the housing bubble broke.</p><p>Our politicians are so concerned with their own power and position-they have no clue on how to get us out of this mess.<img src="/community/styles/default/xenforo/smilies/FeltTip/sad-little.png" class="smilie" loading="lazy" alt=":sad-little:" title="Sad Little :sad-little:" data-shortname=":sad-little:" /></p></blockquote><p></p>
[QUOTE="island1fox, post: 816607, member: 4816"] bbsam, If I understood you correctly -their wealth , the uber rich certainly would not be impacted if their wealth was diversified among many monetary standards. Also people like Gates and Buffet if their wealth was cut in half -so what !! This yankee star Derek Jeter was "REDUCED" in salary to 15 million per year. If the dollar crashed and Derek's buying power was now 7.5 million -so what. The people that concern me -the average joe -like a retired UPS driver on a set pension--when his 3500 or so only has the buying power of 1750 --real problems. When Gas is eight dollars a gallon and a loaf of bread could well be over ten ----all hell breaks loose.:peaceful: I cannot see the point of any American hoping the dollar is replaced as the "worlds currency" The housing bubble burst would only look like a hiccup in comparison to the consequences, with the poor and middle class taking the brunt of it. This dollar replacement and skyrocketing inflation is what we hear today in wispers same as people silently went along their merry ways until the housing bubble broke. Our politicians are so concerned with their own power and position-they have no clue on how to get us out of this mess.:sad-little: [/QUOTE]
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