Dedollarization

Discussion in 'Politics' started by ElRanchoDeluxe, Jun 24, 2023.

  1. Just recently there was a hearing by a committee in the US House of Representatives discussing dedollarization efforts by other countries and the dollar being the world’s reserve currency. One representative in particular was very worried about how much gold China really has and the potential for them to issue currency exchangeable for gold.

     
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  2. I wonder how things would have turned out if trump was president AND he actually had the other leaders support.

    what a sad state our country is in

    the thing is-this isn’t because of today. The United States has been conducting itself in a way that it has no choice but to lead up to this

    2008-they did whatever to fix the economy. All that did was set us down a path for harm. Instead of taking the hit, we deflected the blow. Now the next punch that is coming is going to be twice as strong. Either we take it and get hurt or avoid it for next time and that punch will be even harder

    the other issue is the weaponzation of the dollar

    they make a big deal out of sanctions and swift

    well, eventually everyone is getting tired of it and so they are coming up with their own ways to conduct business without the dollar

    Supposedly, coins are being taken out of circulation because the metal in the coin will soon be worth more


    lol
     
  3. I read in another forum that in the near future there will be no pocket money, we will pay for everything with credit card of sorts, and the banks will have complete control over our personal money, and the govt' will have control over the banks. I requested validation to that story but never received any.
    Things like this makes me glad I'm a senior citizen and hopefully will not see that day.
     
  4. I heard, i believe it was on Patrick Bet Davids podcast, that BIS (Bank of International Settlements) says 93% of banks are working on a CBDC (Central Bank Digital Currency)
     
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  5. It’s allready done. They just need the Avenue to usher it in.
     
  6. Biden dedollarized me. Lol
    I ain't got no dollars. Atleast my student loans never got paid back either. :confused_2:
     

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