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SDR to Replace USD in Global trading
LoP Guest
lop guest
User ID: 397519
04-22-2017 01:02 AM

 



Post: #16
RE: SDR to Replace USD in Global trading
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LoP Guest  Wrote: (04-21-2017 10:15 PM)
LoP Guest  Wrote: (04-21-2017 05:49 PM)
That's because the majority of people are still clueless, but if this moves then the dollar will depreciate, a lot, like maybe:

dollar 20%
yen 20%
yuan 20%
pound 20%
gold 20%

Now, dollar is 67% of reserves, so at least 70% devaluation (at once) and then more as the US has to buy more gold and yuan to meet the specs.

All currencies are to be reset. This is what Trump mentioned a couple of times. I'm pretty sure this situation has been taken into account and things will even out OK. I read a long time ago that the dollar would be devalued but at the same time all commodity prices would be adjusted down. In other words, take inflation out of the dollar.

Well maybe you don't see the bigger picture. The big picture is that our government has become accustomed to continual deficit spending. Considering our current "official" debt load is around 350% debt to GDP, we won't be expanding any debt even with a devalued dollar.
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LoP Guest
lop guest
User ID: 344469
04-22-2017 01:09 AM

 



Post: #17
RE: SDR to Replace USD in Global trading
With the US buck losing 99% of it's value since the inception of the Fed in 1913, once it losses all it's value you think people will accept SDR's?
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