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Re: Tweetybird post# 62176

Friday, 03/10/2023 1:16:01 PM

Friday, March 10, 2023 1:16:01 PM

Post# of 63455
Reserve currency replaced by what? There is nothing now nor in the next 80 years nor is there any combination of anything that can do that . For just one thing, you need to check out what the world eurodollar market is all about and you will think twice when you see the size of it..No matter what the Fed does there is always a huge SHORTAGE of U S dollars worldwide. For another thing, when the interest on the U S debt gets big enough all the bonds the Fed owns will be swapped for zero coupon bonds (problem solved) and the whole system will just keep on growing and that includes growth of deficit spending. One more thing you need to know, governments can only control so much of what happens in the world because banks control the rest and its way more than you think. Almost all banks everywhere make money using U S dollars and they like it that way...period.. I think some guys might read read too much clickbait. End of the world garbage stories have always sold newspapers havent they?
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