Sitting In Pretty Good Shape.
- Thread starter bacha29
- Start date
TearsInRain
IE boogeyman
The really dangerous possibility of us driving them into their own financial transactions system is if other countries decide to leave our bloc too the dollar is threatened
The day the dollar has a real competitor in its own transaction system is the day it loses reserve status, and the US is totally
ed
The day the dollar has a real competitor in its own transaction system is the day it loses reserve status, and the US is totally
ed
DELACROIX
In the Spirit of Honore' Daumier
rod
Retired 23 years
This is age of TRILLIONS----billions are chump change.
zubenelgenubi
I'm a star
The really dangerous possibility of us driving them into their own financial transactions system is if other countries decide to leave our bloc too the dollar is threatened
The day the dollar has a real competitor in its own transaction system is the day it loses reserve status, and the US is totally
I've heard analysis that the dollar being the reserve currency forces us to import more and kills our manufacturing. Losing reserve status could be a good thing in the long run.
TearsInRain
IE boogeyman
I believe it, but I think it would spark a depression the likes the world has never seen, and probably a civil war with it
If we lose reserve currency status our Dollar will be worth a lot less. Which means we'll pay a lot more for imports and most of what we consume is imported.
zubenelgenubi
I'm a star
Which will make manufacturing in the US more attractive.
PT Car Washer
Well-Known Member
The same people that believe what trump says.
Which will require huge amounts of investment with much weaker Dollars to get us to where we need to be. Our standard of living will go way down in the meantime.
zubenelgenubi
I'm a star
That's happening anyway. Might as well set ourselves up to move back into a stronger position.
quad decade guy
Well-Known Member
Here's the question.....how long will it take to ramp up manufacturing? We were independent until fairly recently(70's).
I'm old enough to know only fireworks and Chinese food was the extent of China. And "Jap Crap". Germany for "HIGH-END" machine tools etc. Everyone had RCA tv's and a Chevy. Snapper lawnmowers were made right down the road.
A civil war will be about politics
It can be that way again.
We'll set ourselves up for sure. For the record we should've never moved so much manufacturing overseas. Especially anything strategic. Computer chips, pharmaceuticals, etc. We are about 50% have nots now, as opposed to a mostly middle class. And inflation is taking wealth away at a much more rapid pace. Hope not, but it seems the elements of a major war are coming together.
Non sequitur
Well-Known Member
What is your inside intel
Wally
BrownCafe Innovator & King of Puns
Inflation is doing that all by itself.
zubenelgenubi
I'm a star
The dollar being the reserve currency required that we import more so that there would be more dollars available internationally. When investors stand to make millions and billions by leveraging cheaper labor, it would have been nearly impossible to keep manufacturing in the US.
zubenelgenubi
I'm a star
Depends on how long it will take to build new factories and train up a work force. And doing those will depend on whether investors will be able to make any money to put money into it. It may require a grass roots, sweat equity effort to get things off the ground.
