Loss of the Dollar as International Currency Reserve Status

#1
Orangeburst

Orangeburst

Attention all Planets of the Solar Federation
Joined
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#1
Good or Bad?

Certainly would cause massive havoc on economy and our standard of living would shrink considerably.

Would force the citizenry and government to live within their means.
 
#13
#13
We are headed to a one world currency. The people in power are just waiting for when and how to do it. You have one and only one currency you control everyone.
 
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#14
#14
NEO said:
We are headed to a one world currency. The people in power are just waiting for when and how to do it. You have one and only one currency you control everyone.
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so the people who "control" us will share power with those who control "china."
 
#15
#15
NEO said:
We are headed to a one world currency. The people in power are just waiting for when and how to do it. You have one and only one currency you control everyone.
Click to expand...
Keep using Apple Pay folks. You are making it real easy for them
 
#16
#16
It’s way down my list of concerns. But if Trump wins he needs to cool his jets and be selective when he leverages it to control behavior. There needs to be a solid coalition of partners in agreement that so and so country needs to be cut off or else the alternatives will gain momentum.

China would love to insert themselves, but I think that crypto has a better chance of disrupting the US dollar. China (the CCP) might not survive much more than another decade.

When I get worried about the $35 trillion, I remind myself that Japan has been managing a bigger currency crisis for a long time and they’re doing pretty well with their economy. Even with their disastrous aging population wrecking their demos.
 
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#17
#17
Thunder Good-Oil said:
It’s way down my list of concerns. But if Trump wins he needs to cool his jets and be selective when he leverages it to control behavior. There needs to be a solid coalition of partners in agreement that so and so country needs to be cut off or else the alternatives will gain momentum.

China would love to insert themselves, but I think that crypto has a better chance of disrupting the US dollar. China (the CCP) might not survive much more than another decade.

When I get worried about the $35 trillion, I remind myself that Japan has been managing a bigger currency crisis for a long time and they’re doing pretty well with their economy. Even with their disastrous aging population wrecking their demos.
Click to expand...
I go to Tokyo 1-2 times/month. Granted it is a small sample size, but Shinjuku is akin to Times Square, and every morning the trains there empty out with tens of thousands of young people. on their way to work. If I could figure out how to post a video I would show that. It's an endless sea of young humanity.
 
#18
#18
SpaceCoastVol said:
I go to Tokyo 1-2 times/month. Granted it is a small sample size, but Shinjuku is akin to Times Square, and every morning the trains there empty out with tens of thousands of young people. on their way to work. If I could figure out how to post a video I would show that. It's an endless sea of young humanity.
Click to expand...

Japan has an aging population and a low birth rate. They’re dealing with it though. Things like robots used in geriatric care and their companies building manufacturing facilities where they sell the products.

Their national debt/GDP ratio is much worse than ours. $35 trillion and the interest equaling military spending isn’t ideal, but growing our economy will allow it to be managed. The budget needs to be balanced and taxing the richest at an even more oppressive rate won’t fix that. Keep MORE capital in the hands of the capitalists that create the jobs and innovate.

www.newsweek.com

Japan's population crisis in three numbers

Tokyo is in a race against time to find some way to increase births in the "super-aged" society.
www.newsweek.com www.newsweek.com
 
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#19
#19
Thunder Good-Oil said:
Japan has an aging population and a low birth rate. They’re dealing with it though. Things like robots used in geriatric care and their companies building manufacturing facilities where they sell the products.

Their national debt/GDP ratio is much worse than ours. $35 trillion and the interest equaling military spending isn’t ideal, but growing our economy will allow it to be managed. The budget needs to be balanced and taxing the richest at an even more oppressive rate won’t fix that. Keep MORE capital in the hands of the capitalists that create the jobs and innovate.

www.newsweek.com

Japan's population crisis in three numbers

Tokyo is in a race against time to find some way to increase births in the "super-aged" society.
www.newsweek.com www.newsweek.com
Click to expand...
Yeah but no one has ever done DEMOCRATIC Socialism.
 
#21
#21
ButchPlz said:
Isn't a stable, productive, intelligent, low population better than the alternative? I never understood why Japan's population slowdown is a "crisis".
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IMO, it’s because lots of growth defines economies. Also domestic consumption. It seems like production coupled with efficient use of resources consumed should matter but for whatever reason it’s all about more growth.
 
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#23
#23
Thunder Good-Oil said:
IMO, it’s because lots of growth defines economies. Also domestic consumption. It seems like production coupled with efficient use of resources consumed should matter but for whatever reason it’s all about more growth.
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Agreed. They've been using this measuring stick called growth for a long time now. It seems to me that there would be more important things to use, like individual wealth verses cost of living on average.
 
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#24
#24
utvolpj said:
Moving away from the dollar is a good way to get democracy spread to your country
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In another thread, the Russian ruble was seen as the next big thing. Not sure where that poster has gone, though.
 
#25
#25
norrislakevol said:
Agreed. They've been using this measuring stick called growth for a long time now. It seems to me that there would be more important things to use, like individual wealth verses cost of living on average.
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When I look at the health of a city or region, I always look at wages (adjusted for inflation, etc.).

One of the regions I worked with boasted constantly about their jobs creation and "economic development" because they were "growing". I pointed out to them that their singular focus on certain (poor but "sexy") industries was causing them to miss other (wealthy but "unsexy") opportunities and that, for all the "growth" they had, the region's average wages had actually fallen substantially over the prior three decades. If they had focused on the "unsexy" opportunities, those wages would have undoubtedly climbed.

Most of the economic numbers that get bleated at us are nothing but window dressing for politicians. We need to be doing what you just said- looking at the wealth of the people- to make right decisions.
 
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