capitalism
capitalism
Out of context: Reply #476
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- NBQ001
- I think about this often. The US has behaved so baldy that I don't think many will need much encouragement to dump dollars in favour of a new global currency.monoboy
- The US will are the architects of their own downfall. Dumping manufacturing for cheaper labour and high profit margins.monoboy
- The banking default of 2008 and the subsequent Chinese bailout.monoboy
- All China has to do is wait for the current GOP administration to go for broke by defaulting and then destabilise the dollar.monoboy
- America's shareholder owned economy will be left with worthless dollars whilst the ROW switches to Renminbi and Euros.monoboy
- The US went bankrupt in 2008, and its zombie economy is totally reliant on dept and growth.monoboy
- Europe is in the same pickle.monoboy
- It's going to take some pretty skilled negotiations to fix this.monoboy
- Ironically, its free-market economy will only speed up its decline.monoboy
- In my unqualified opinion of course.monoboy
- (Apologies for the typos).monoboy
- I think dropping the dollar would be a bigger fight than dropping assault weapons.monospaced
- china banking system and even the EU is all fake as fuck. its merely a confidence game and book cookingdeathboy
- our labor "not commie" business did rely on china who depressed costs to push profits since 2000s. it will be interesting to see how it shakes out.deathboy
- You have absolutely no idea what you're talking about deathboy and those posts prove it.monoboy
- I think a full on currency war would lead to conflict so it's probably unlikely.monoboy
- But it'll just be interesting to see how American 'wealth funds' and business react to losing value rapidly. My guess is they'll ditch. And fast.monoboy
- If the USA default on the dept they owe for a second time, it'll change the game.monoboy
- hmm i dont know what im talking about... perhaps.. but can you tell me when us has defaulted on debt. u say it like its happened before..deathboy
- it shit statements like that which make feel a little more confident about what i know vs what you know. in the end its a confidence gamedeathboy