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52738759 No.52738759 [Reply] [Original]

china, india, russia, and their friends are dumping the dollar in order to bring it to zero and turn the us into a very poor country

>> No.52738811

hows it going in the third world. you fine there?

>> No.52738812
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52738812

>>52738759
Printing so much USD to triple the money supply in two years forces others to not take it seriously.
Doubling down on it with euro also, and asking people to pretend its worth the same as in 2019. makes the west even more ridiculous.

>> No.52738871

>>52738759
You are a poor country now. It is only the world reserve currency status, leftover from WW2 that keeps you in the first world somehow.
You've fucked countless financial systems with printing and then pumping the dollar in times of crisis.
Why wouldn't others want to drop your constantly manipulated currency ?

>> No.52739006

>>52738759
and that's good

>> No.52739054

Based fuck america kill all americans

>> No.52739073

>>52738759
Is this why usd is shitting the bed vs eur? Can someone tell them to stop? I want to cash out some usd to eur and got used to the positive rates thanks.

>> No.52739085
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52739085

>>52738871
proof of force is the original stablecoin

>> No.52739125
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52739125

>>52739085
Yes, but keep woking it up for a decade or more and you will lose even that.

>> No.52739476
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52739476

only the Indian Rupee (Ticker: INR) and Polygon Matic (Ticker: MATIC) will prevail
everything else is going to zero

>> No.52739497

>>52738759
thats good because it will increase are exports
biden succeeded trump yet again

>> No.52739512

>>52738759
long dollar has been the best and most crowded trade for 2022, its just unwinding because fed blinked

>> No.52741000

>>52738759
Love these threads. Thirdies don't understand how the world economy works.

The whole system is predicated on the US willing to run trade deficits. Trade surplus countries need access to the US consumer for their economies to function. The simplest way to look at a trade surplus is that you suppress internal demand inside a country. In Germany and Japan this shows up as slightly lower wages compared to the productivity of their workers. In China this means that workers are literal slaves getting welded into Iphone factories.

On the flip side this system creates excess savings in trade account surplus countries that get funneled into mostly US assets and show up as a capital account surplus. A global savings glut if you will.

What has happened is that US is forcing Russia to dedollarize and is slowly squeezing China out of access to the US consumer. Increasing the purchasing power of the consumers in China would mean that they lose their trade surplus and on average richer consumers are the biggest direct threat to communists staying in power. So that is not going to happen. Because China does not want to absorb the Russian trade surplus and Russia does not want to lose its independence to China there are going to be problems. It is going to be a real knife fight out there.

Keep in mind that over the last century both Russia and China have destroyed their populations savings on average once a generation. And it is currently happening again.

>> No.52741024

>>52741000
>Trade surplus countries need access to the US consumer for their economies to function.

in the case of Russia they can just not trade if they want. they dont need dollars and they have all the energy and food they need at home in russia.

>> No.52741040

>>52741000
>Because China does not want to absorb the Russian trade surplus

China will take all the oil and gas Russia can send it. China is a huge economy that needs lots of energy.

>> No.52741083

>>52739125
kek this i dont get how people dont see the writing on the wall when you actually look at what chinas doing.

"THEY COULD NEVER INVADE THE USA"

people are so brainwashed they will still be screaming this when there are chinese troops going door to door killing everyone

>> No.52741213

>>52741083
>kek this i dont get how people dont see the writing on the wall when you actually look at what chinas doing.
>"THEY COULD NEVER INVADE THE USA"
>people are so brainwashed they will still be screaming this when there are chinese troops going door to door killing everyone

why would anyone invade the USA? there's nothing there worth taking.

>> No.52741225

>>52738759
Very poor countries are great places to build factories. Sounds like an American Renaissance to me.