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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: THE ANT who wrote (145443)1/14/2019 11:40:37 AM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 217707
 
One day we will hit peak consumers

We already have more workers than required.. the lack of certain skills masks that reality..

it is a ponzi scheme in the end



To: THE ANT who wrote (145443)1/14/2019 8:12:33 PM
From: Gemlaoshi2 Recommendations

Recommended By
ggersh
marcher

  Respond to of 217707
 
Ant,
The world including China will give a sigh of relief The US owner of the world reserve Currency has the responsibility to print
True. A certain part of US debt is due to its role as the reserve currency.

To paraphrase Keynes at the Bretton Woods Conference in 1947: "Any country that aspires to be the reserve currency will constantly be torn between its responsibilities to its domestic economy and its international role as the reserve currency. As such, it will perform neither role adequately."

Of course Harry Dexter White (the US representative) was convinced that the US wanted to play the role of reserve currency, and Keynes was speaking from experience of trying to revive the British pound.