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Economics Discuss The dollar's status as the world's funding currency is in question at the Political Forums; Aww trade wars a coming... And it might blow back in Trumps face if he isn't careful.. Or some think ...

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Old 07-02-2018, 10:42 PM
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Default The dollar's status as the world's funding currency is in question

Aww trade wars a coming... And it might blow back in Trumps face if he isn't careful..
Or some think so, mostly the dreaded Left..


The dollar's status as the world's funding currency is in question

Dion Rabouin-Financial Markets Reporter
Yahoo FinanceJune 27, 2018

U.S. President Donald Trump’s trade war and America First protectionist policies could be helping to accelerate the end of the dollar’s (DX=F) reign as the world’s reserve currency, analysts warn.

Having already instituted worldwide tariffs on steel and aluminum and threatening more taxes on foreign products from China, the European Union and a host of other U.S. allies and rivals, the president is pushing foreign governments to reconsider holding dollars and U.S. Treasury reserves.

“Although the dollar will continue to be used in most trades, there is a possibility that participants in the global economy start to look at alternatives like pricing in euro or pricing in [Chinese] renminbi,” said Karl Schamotta, director of FX strategy and structured products at Cambridge Global Payments in Toronto.

The dollar is a big risk to some countries


………………………………………………………….. Continued At
https://finance.yahoo.com/news/dolla...144437776.html
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Old 07-02-2018, 11:00 PM
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Default Re: The dollar's status as the world's funding currency is in question

They said the same thing back in 2010...

New World Currency To Replace The Dollar Would Slay The Gold Bull Market
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Old 07-03-2018, 11:43 PM
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Default Re: The dollar's status as the world's funding currency is in question

and it would seem it is being said again. Humm

China would love it if it's currency took the world by storm. Russia also..
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Old 07-04-2018, 11:21 AM
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Default Re: The dollar's status as the world's funding currency is in question

When the British sterling was replaced by the US dollar as the international world currency it had severe negative affects on the United Kingdom.
If the US dollar were to be replaced by some other country's currency, the US will suffer a serious financial blow for both rich and poor for about 2 generations forward and all generations still living.
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Old 07-04-2018, 01:45 PM
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Default Re: The dollar's status as the world's funding currency is in question

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Originally Posted by mlurp View Post
and it would seem it is being said again. Humm

China would love it if it's currency took the world by storm. Russia also..
Yeah, and I'm sure pigs would love it if they had wings, but that's not going to happen.

If anything replaces the Dollar it's probably going to be the Euro.
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Old 07-05-2018, 07:09 PM
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Default Re: The dollar's status as the world's funding currency is in question

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Originally Posted by Topcat View Post
Yeah, and I'm sure pigs would love it if they had wings, but that's not going to happen.

If anything replaces the Dollar it's probably going to be the Euro.



I would hope if it ever happens your right.. Yet countries named above and others are active in doing just that.
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Old 08-13-2018, 11:39 AM
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Default Re: The dollar's status as the world's funding currency is in question

I trust more bitcoin . Bitcoin and other digital currencies operate as peer-to-peer networks, which means everyone who uses the currency is actually a piece of the system, To gain anonymity, it is worth using bitcoin mixing ( https://cryptalker.com/bitcoin-mixer/ ). Mining is simply the term used for maintaining the block chain and verifying each transaction.
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Old 08-13-2018, 12:38 PM
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Default Re: The dollar's status as the world's funding currency is in question

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Originally Posted by BeeMeR!!! View Post
I trust more bitcoin . Bitcoin and other digital currencies operate as peer-to-peer networks, which means everyone who uses the currency is actually a piece of the system, To gain anonymity, it is worth using bitcoin mixing ( https://cryptalker.com/bitcoin-mixer/ ). Mining is simply the term used for maintaining the block chain and verifying each transaction.


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Old 08-13-2018, 03:56 PM
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Default Re: The dollar's status as the world's funding currency is in question

It's gonna happen and within the next ten years -- maybe even five.

The replacement currency will be a gold-backed Yuan that will be instituted just for trade. This will happen concurrently with China destroying the corrupted / manipulated western PM markets as the Shanghai Gold Exchange (daily physical settlement) drains and then supplants the west's paper markets. This of course would allow gold and silver to reset to a proper price point.

This will cause a complete collapse of the US Dollar as it will be completely rejected as a settlement payment in trade.
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Old 08-13-2018, 04:30 PM
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Default Re: The dollar's status as the world's funding currency is in question

I don't think this could happen, as multi international corporations have more power and sway that governments of any country except dictatorships.
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