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U.S. dollar --What happens if Dollar is Replaced as world's currency ?
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<blockquote data-quote="wkmac" data-source="post: 816637" data-attributes="member: 2189"><p>Late last year, Russia and China did announce <a href="http://www.ibtimes.com/articles/85424/20101124/china-russia-drop-dollar.htm" target="_blank"><span style="color: red">an agreement</span> </a>to trade between each other with their own currencies valued at spot market. Some have alleged a currency war is taking place. I think there is and it's enough that the <a href="http://www.telegraph.co.uk/finance/g20-summit/8128304/G20-leaders-agree-to-refrain-from-currency-devaluation.html" target="_blank"><span style="color: red">G20 </span></a>recently came out calling for such to end but whether it will is another matter. We devalue our curency by flooding the market with more dollars but the problem here is that the American Taxpayer is on the hook for the monthly payments while the global corp. balance sheets profit and the corp. sock puppets in gov't we call "our elected leaders" who do their bidding gain more power and self importance not to mention a fatter bank account. Ever wonder why so much money is spent to achieve elective office and then once there how so many leave far richer than when they first arrived?</p><p></p><p></p><p>If the banks and international capitalist players want to play this type of gaming which in many a sense is nothing more than <a href="http://rogueeconomistrants.blogspot.com/2011/03/us-banks-dont-need-borrowers-in-order.html" target="_blank"><span style="color: red">gambling or lottery ticket for the suppose sophisicated</span></a>, I'm fine with that but do so like true free marketeers. Create your own private currencyand markets, play economic hardball all day long but leave the American taxpayer out of it. Don't play the game, reap the rewards and yet make the taxpayer the poor sucker on the hook if the bet doesn't work out. Same goes true of a foreign commodity or resource. You want that market as a big corp. player? Go for it but you also take on all the risk from top to bottom and if you need a policeman cause you got robbed, then go hire one with your own money and don't demand my son or daughter fill that role and then compell me through taxation to pay for it all. Same goes true for creating debt obligations so the big boys can sit around smoked filled rooms, thumping each other with their love commandos in a show of domination just so they can feel self important.</p><p></p><p>BTW Island, 2nd part was not directed at you or anyone, just a rant!</p><p><img src="/community/styles/default/xenforo/smilies/FeltTip/wink.png" class="smilie" loading="lazy" alt=":wink2:" title="Wink :wink2:" data-shortname=":wink2:" /></p></blockquote><p></p>
[QUOTE="wkmac, post: 816637, member: 2189"] Late last year, Russia and China did announce [URL='http://www.ibtimes.com/articles/85424/20101124/china-russia-drop-dollar.htm'][COLOR=red]an agreement[/COLOR] [/URL]to trade between each other with their own currencies valued at spot market. Some have alleged a currency war is taking place. I think there is and it's enough that the [URL='http://www.telegraph.co.uk/finance/g20-summit/8128304/G20-leaders-agree-to-refrain-from-currency-devaluation.html'][COLOR=red]G20 [/COLOR][/URL]recently came out calling for such to end but whether it will is another matter. We devalue our curency by flooding the market with more dollars but the problem here is that the American Taxpayer is on the hook for the monthly payments while the global corp. balance sheets profit and the corp. sock puppets in gov't we call "our elected leaders" who do their bidding gain more power and self importance not to mention a fatter bank account. Ever wonder why so much money is spent to achieve elective office and then once there how so many leave far richer than when they first arrived? If the banks and international capitalist players want to play this type of gaming which in many a sense is nothing more than [URL='http://rogueeconomistrants.blogspot.com/2011/03/us-banks-dont-need-borrowers-in-order.html'][COLOR=red]gambling or lottery ticket for the suppose sophisicated[/COLOR][/URL], I'm fine with that but do so like true free marketeers. Create your own private currencyand markets, play economic hardball all day long but leave the American taxpayer out of it. Don't play the game, reap the rewards and yet make the taxpayer the poor sucker on the hook if the bet doesn't work out. Same goes true of a foreign commodity or resource. You want that market as a big corp. player? Go for it but you also take on all the risk from top to bottom and if you need a policeman cause you got robbed, then go hire one with your own money and don't demand my son or daughter fill that role and then compell me through taxation to pay for it all. Same goes true for creating debt obligations so the big boys can sit around smoked filled rooms, thumping each other with their love commandos in a show of domination just so they can feel self important. BTW Island, 2nd part was not directed at you or anyone, just a rant! :wink2: [/QUOTE]
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