By Lunatic Go To Postthis thread is truly hilariousPlease have more respect for pirate dinghies taking down globalization.
By inky Go To Postlet's all move to the nft standardJohn Terry is ahead of the curve.
A global reserve currency is a fairly recent phenomenon and it's premised on the fact that in return for handing over a big chunk of levers that your central bank has access to, you get in return steady interest rates, access to capital, and investments from IMF/Worldbank or whatever. Plus, you're only ever going to have a conventional gun held over your head if you stepped out of line for whatever reason.
Libya, North Korea, and Venezuela should have already buried that notion for good, but Russia will be the clearest call yet to Near East, Global South, and Asian countries that the deal is asking a lot more than what they might have the stomach for.
Think Saudi Arabia, Pakistan, the ASEANs are looking at their USD reserves the same way they did in January? Don't think so.
Libya, North Korea, and Venezuela should have already buried that notion for good, but Russia will be the clearest call yet to Near East, Global South, and Asian countries that the deal is asking a lot more than what they might have the stomach for.
Think Saudi Arabia, Pakistan, the ASEANs are looking at their USD reserves the same way they did in January? Don't think so.
You think the Euro is going to be smooth sailing when Europe is even more entangled with Russian imports and exports? Because this conversation is really baffling to me.
By i can get you a toe Go To PostYou think the Euro is going to be smooth sailing when Europe is even more entangled with Russian imports and exports? Because this conversation is really baffling to me.? I said a few posts back that China probably needs to move off of the euro given these coordinated sanctions. The world we've gotten used to since 1971 is becoming increasingly untenable
By Patriotism Go To PostIt's ok the pound sterling is solid huehueGone up crazy against the krona in recent times 😎
By HasphatsAnts Go To Post? I said a few posts back that China probably needs to move off of the euro given these coordinated sanctions. The world we've gotten used to since 1971 is becoming increasingly untenableSo now I'm even more confused. What is taking the USD's place in your scenarios.
By DY_nasty Go To PostGas about to go crazy.and we still are not going to tap Alaska
About to head down to the pump with these garbage bags and water coolers. Hope the line isn't too long.
all that eco love going out window quick after a month of 5 dollars a gallon
fracking
drill baby drill
whale oil
unobtainium
greta is not walking through that door
fracking
drill baby drill
whale oil
unobtainium
greta is not walking through that door
By DY_nasty Go To Postall that eco love going out window quick after a month of 5 dollars a gallonShe is coming for you Dy
fracking
drill baby drill
whale oil
unobtainium
greta is not walking through that door
By i can get you a toe Go To PostSo now I'm even more confused. What is taking the USD's place in your scenarios.He's been saying it aloud since his first post about this topic dude. a "world reserve currency"
Meaning a currency that isn't tied to a particular country's central bank. A globalized one that isn't affected by a certain country policies or inflation.
Wtf feel like it's some first year university debate.
Anyways Russia is going to withdraw in late april according to my Russian m8
Anyways Russia is going to withdraw in late april according to my Russian m8
no i don't think it's going to be gold. at least not in any way that resembles bretton woods. it'll be a basket of assets and commodities.
hell, strategic computer chip reserve might be a good idea.
hell, strategic computer chip reserve might be a good idea.
Computer chip reserve can't really be a thing but fabrication capacity can be considered critical infrastructure and countries are kinda tripping over themselves to give tax breaks to the few companies that can do it. Still probably not enough though.
i'm also spitballing because if i knew what it'd be i wouldn't be here posting lol
anyway, the saudi/uae story is definitely worth paying attention to. They're at the periphery of this "rules based liberal order" and thus is a bellwether.
anyway, the saudi/uae story is definitely worth paying attention to. They're at the periphery of this "rules based liberal order" and thus is a bellwether.
By inky Go To Postthey also become obsolete really fucking fastjust like us dollars now innit
By Elchele Go To Postjust like us dollars now innithad a good run tho
No lie there.
If the Ukrainians can fight and die defending their country, we can pay more at the pump to support their cause. If we don't cut off Putin now it'll just be more expensive later.
If the Ukrainians can fight and die defending their country, we can pay more at the pump to support their cause. If we don't cut off Putin now it'll just be more expensive later.
By Not Go To PostGenius
missed this. good shit
By Elchele Go To PostBiden wishes he was that smart
.
By Laboured Go To PostTime to come and kiss the ring, Big Joe.I love this
Venezuela finally managed to control its inflation. And now this? They will be dirty rich in no time again
By Pedja Go To PostRussia has hit a children's hospital and maternity ward
Maybe I'm a layman but I don't understand the line between NATO countries openly shipping weapons and jets and tanks but refusing to install a no-fly zone.
By reilo Go To PostMaybe I'm a layman but I don't understand the line between NATO countries openly shipping weapons and jets and tanks but refusing to install a no-fly zone.
Ones a supply chain and ones active enforcement?