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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (1500295)	11/10/2024 9:53:02 AM
From: IC720	1 Recommendation Recommended By longz Read Replies (2) \| Respond to of 1570272

Why? Creates globalism? Part US having world reserve currency is also safe haven to park money/invest. Having gun behind every blade of grass, others prefer not too attack.. ) Trump now plans to rearm police, do away with wokeness. A mightier Military, including protecting Border, defeating Cartels... He announced again Death Penalty for drug dealers, human traffickers... Safer America?

To: Goose94 who wrote (1500295)	11/10/2024 3:10:53 PM
From: longz	Respond to of 1570272

BUCKLE UP!

To: Goose94 who wrote (1500295)	11/13/2024 9:42:41 AM
From: IC720	1 Recommendation Recommended By longz Read Replies (1) \| Respond to of 1570272

What Makes the Dollar the World’s Reserve Currency? "Until debt ceases to be money that pays interest, the dollar will not vanish as a reserve currency." The United States has NEVER canceled its currency, which is part of what makes it the reserve currency. People crave the USD throughout the world and 70% of physical cash is held outside the country. There is safety in the dollar in comparison to other currencies. It would be a monumental problem to cancel the dollar internationally. I can only see that occurring through war or an event that destabilizes America’s position as the leading global super power. When communism fell, dollars became Russia and China’s number one circulating medium of exchange. There were even Congressional hearings on the exportation of dollars to foreign lands. History repeats because the passions driving mankind never change. It became the dollarization of the world economy just as it had been in ancient times with every dominant economy. The dollar became globalized in part because the US never canceled its currency, as was the routine case in Europe. Why have nations canceled their currencies? Primarily to force citizens to come forth with all they have and force them to pay more in taxes. Dollars were shipped out of the United States in record amounts, not only through transactions in the drug trade and illegal economy but also through the Federal Reserve Bank of New York, in collaboration with Citibank and Republic National Bank of New York of Edmond Safra. The US supply of physical dollar bills was $348 billion, but the hoopla was claiming $190 billion had left the United States. Prior to the collapse of communism in 1989, the amount of dollars outside the US in physical form was about $80 billion. The United States wants to eliminate cash so it can collect every penny it imagines is missing from its revenue expectations. If we are ever going to revise the world monetary system, we have to stop the nonsense of picking pieces from history to support predetermined ideas and just follow the facts to understand how this functions. The Marxist approach was to dictate how the economy should function in his mind and force that to take place by political decree. Keynes adopted that concept, and it is still with us today, manifesting in every corner based upon predetermined biases. Keynesian economics is DEAD. The dollar is by no means going to fade away. China will not immediately replace the dollar as a reserve currency until debt is no longer used as reserves by nations. Until debt ceases to be money that pays interest, the dollar will not vanish as a reserve currency. Even when China becomes the largest economy, it will not displace the “reserve” status of the dollar until there is a deep market to park cash. That is separate and distinct from trade being conducted in a variety of currencies. We MUST revise the world monetary system. When we reach that point, then we can deal with creating an alternative for a “reserve” currency that is entirely distinct from trade currencies.