Serious Death of USD? Bretton Woods 3 is coming?

[hbk75]

https://www.benzinga.com/opinion/22...nderkind-talks-about-the-new-world-evolving-i

Meaning USD will not be the sole reserve currency in the world. People will start shifting to commodity backed currencies. Meaning those countries with huge resources will win. Fiat currencies cannot be backed by printers alone.

 

[tobelightlight]

Bye bye Singapore then

 

[steffychun]

Call it the Beijing smog

 

[hbk75]

 

[hbk75]

Bye bye Singapore then

Sinkapore keep so much usd no food can do what?

 

[syed putra]

https://www.benzinga.com/opinion/22...nderkind-talks-about-the-new-world-evolving-i

Meaning USD will not be the sole reserve currency in the world. People will start shifting to commodity backed currencies. Meaning those countries with huge resources will win. Fiat currencies cannot be backed by printers alone.

Thats because US has weaponised the USD amd its not a trusted currency anymore if reserves can be confiscated at will. This happened to iran first, then afghanistan and now russia.

 

[syed putra]

Sinkapore keep so much usd no food can do what?

Sinkie, especially china and am not sure about japan since its a US ally, may start divesting into some other trusted assets.
The yen has started to fall. And yuan on the rise i think.

 

[hbk75]

Thats because US has weaponised the USD amd its not a trusted currency anymore if reserves can be confiscated at will. This happened to iran first, then afghanistan and now russia.

i think china now thinking how to dump the 1 trillion us treasury.

 

[syed putra]

i think china now thinking how to dump the 1 trillion us treasury.

China and japan biggest market is the US. So its a bit tricky.

 

[hbk75]

China and japan biggest market is the US. So its a bit tricky.

I think people are realizing that they are selling sweat and labour to exchange for printed papers backed by printers.

 

[syed putra]

I think people are realizing that they are selling sweat and labour to exchange for printed papers backed by printers.

The thing is, who will start to dump usd first.its may cause a free fall and disrupt entire economy.

 

[hbk75]

The thing is, who will start to dump usd first.its may cause a free fall and disrupt entire economy.

russian dump usd liao. still ok because they got tons of resources.

 

[syed putra]

russian dump usd liao. still ok because they got tons of resources.

I think they were barred ftom using it.

 

[hbk75]

I think they were barred ftom using it.

after 2014 they sold all us treasury liao. think they staged this to let the world see how they can confiscate ur reserve.

 

[congo9]

People with larges resources win ? Are we going to spark another world war, killing and subduing people with your weapon? Aren't we going back to medieval times ?

 

[hbk75]

People with larges resources win ? Are we going to spark another world war, killing and subduing people with your weapon? Aren't we going back to medieval times ?

is like usa never attack and flatten others land? why double standards?

 

[congo9]

1. Because of barrier of entry and exit.
2. Non transparency amongst its business and political policy

 

[congo9]

is like usa never attack and flatten others land? why double standards?

There's no fairness or being equal in this world.
You cannot beat a river into submission, please let that enter your head.

 

[hbk75]

There's no fairness or being equal in this world.
You cannot beat a river into submission, please let that enter your head.

should tell that to usa. now saudi also wanna sell oil in other currencies. usa is being arrogant for too long.

 

[syed putra]

Cspitalism too has evolved. It used to be " may the best product or company win". But these companies are now working in unison and if there is one that refuse to cooperate, they will be forced to sell or merge.