all you need to know is if more countries pull out of the PetroDollar and replace with say the PetroYuan ......... we in for some shiit 
Another perspective on our debt
- Thread starter DEAD7
- Start date
Domingo Halliburton
Handmade in USA
our debt doesn't matter. The entire world depends on our economy. We are not going anywhere.
China has already made deals with the OPEC nations, Australia, England, amongst others to trade with the yuan which greatly threatens the $'s reserve status. What will most likely come about is a basket of currencies quite possibly backed by gold along with other commodities replacing the dollar as the world's reserve currency/ies. It's not looking good for the dollar over the next decade or so.
all you need to know is if more countries pull out of the PetroDollar and replace with say the PetroYuan ......... we in for some shiit
This has already begun to happen, several countries have already began purchasing oil in gold or their own currency.
Domingo Halliburton
Handmade in USA
edit: double
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the world is slowly being weened off the US economy... and what's left of the pie the elites are taking for themselves.
if we stay on our present course, it's just a matter of time.
I understand I just disagree.
Could you explain why it will always be the reserve currency of the world? and why that wont change?
CHANGE YOUR GOD DAMN BLUE FONT ALREADY fakkit
US COLI BREHS ROCKING THE MIDNIGHT THEME CAN'T READ YOUR shyt YOU DUMB fukk
WOOOOOOOOOOOOOOOOOOOOOOOOO
ill
Superstar
Its funny hearing non-finance people talk about how our economy works. @Domingo Halliburton knows his shyt. Listen to the man.
For those fools that think the world is going to switch to Chinese currency -
No one trusts the Chinese. They don't trust themselves. Their economy is largely built on bullshyt. When their bubble pops you will see the light. If you don't know finance I'll try to put it simply like this: They are propping up their economy artificially. It's not natural growth and therefore one day it will collapse.
For those fools that think the world is going to switch to Chinese currency -
No one trusts the Chinese. They don't trust themselves. Their economy is largely built on bullshyt. When their bubble pops you will see the light. If you don't know finance I'll try to put it simply like this: They are propping up their economy artificially. It's not natural growth and therefore one day it will collapse.
Long, but it lays out clearly a pretty strong case as to why you both are wrong.
you really listen to this shyt.....
@ having related videos like "5-15 years from now, 95% of Americas will be "
you really listen to this shyt.....
Specifically what about the video did you find to be bullshyt?and how exactly are the related videos relevant to any of the information in this video?
Futuristic Eskimo
All Star
They havent even began free-floating the RMB yet and these dudes talking about it as a reserve currency of the worldIts funny hearing non-finance people talk about how our economy works. @Domingo Halliburton knows his shyt. Listen to the man.
For those fools that think the world is going to switch to Chinese currency -
No one trusts the Chinese. They don't trust themselves. Their economy is largely built on bullshyt. When their bubble pops you will see the light. If you don't know finance I'll try to put it simply like this: They are propping up their economy artificially. It's not natural growth and therefore one day it will collapse.
Edit: and lol at dudes posting Peter Schiff videos. This guys been predicting hyperinflation since 2000.
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For those fools that think the world is going to switch to Chinese currency -
this is about the world getting off the dollar, not necessarily adopting the yen. i dont know who in this thread is asserting the world will adopt the yen as the global reserve currency.
i think you have the chinese economy confused with the US economy
Domingo Halliburton
Handmade in USA
if anything we're screwing them and the yuan by printing all this money. have you seen what it's done to the Indian rupee?
ill
Superstar
this is about the world getting off the dollar, not necessarily adopting the yen. i dont know who in this thread is asserting the world will adopt the yen as the global reserve currency.
i think you have the chinese economy confused with the US economy
So if they don't replace it with Chinese currency, then what? The Euro? LOL. The euro will be nonexistent in the next 10-15 years. You think countries that have fought each other over the last 2000 years are suddenly buddy buddy at all costs? Another large recession like the one that affected Greece and Spain will likely kill the euro for good. People in the states whine and bytch about our taxes being allocated unfairly to other parts of the country and you think sovereign nations are just gonna be ok with some shytty ass countries leaching off them? Get real. The US economy is the strongest in the world. FOH with your nonsense