SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Art of Investing
PICK 46.18-0.3%Nov 14 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Real Man who wrote (5326)8/30/2022 11:53:20 AM
From: Sun Tzu  Read Replies (6) of 10599
 
>> My position is that what you see is US currency crisis in which U.S. dollar dies as the global reserve currency.

If you search for this topic and me, you'll see that I predicted it more than 20 years ago. Unlike permabears and goldbugs, I did not say the end is near. I set the original date for this becoming obvious to 2035 +/-5. I have since modified it to 2032 +/- 4.

This idea, which originally was ridiculed, has now found its way into mainstream media with some respected economists and analysts talking about it. It is still a minority opinion. Eventually we'll hear about it on CNBC and WSJ as being so damn obvious - as if all those pundits could have seen it coming.

You are still early on this. USD is not going to be unseated in this cycle. And it will continue to remain a major world currency for decades, just as the GBP and the JPY are. But its reserve status will not survive the aftermath of the next global financial crisis.

For the record, the most likely thing to replace USD as a reserve currency will be basket of currencies which may settle the difference in gold initially, but will eventually evolve into a crypto stablecoin.

#ticktock

PS I started tagging talking of USD reserves status with "tick tock" so that if you search for it on this thread, you will find a whole bunch of them. But for the earliest posts, you'll probably need to search for USD and/or reserve currency. And not all the talk was in this thread.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News