Latest Breaking News

Strelnikov_

(7,845 posts)

17. Reserve currency seems to be getting missed

Mon Nov 18, 2024, 08:42 AM

Nov 18

Although dollar holdings have been dropping since the first go round, the dollar is still strong.

Another factor, imho, is the willingness to invest, recycle so to speak, in the US. Those dollars have to come back somehow. Having been a nation of laws, up until now, investment in the US was a safe bet.

Putin has been trying to break ‘dollar hegemony’ for decades. Looks like he may succeed.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

47 replies

= new reply since forum marked as read

Highlight:

Vivek Ramaswamy Pledges To 'Delete' Entire Government Agencies Alongside Elon Musk [View all] BumRushDaShow Nov 18 OP

So... Mike Nelson Nov 18 #1

Nothing of value would be lost there! Initech Nov 18 #34

It's so cool to be a republicon billionaire bro! BoRaGard Nov 18 #2

Elon and Vivek, it's not your money keep your hands off it. It's ours. Walleye Nov 18 #3

This is a key part of Project 2025. Here's a list of the damage planned: Doodley Nov 18 #4

While the list is a classic example of stupidity it does show something interesting lonely bird Nov 18 #10

Reserve currency seems to be getting missed Strelnikov_ Nov 18 #17

And yes, the deep red states are going to get Strelnikov_ Nov 18 #19

Mississippi and Alabama will simply return to a plantation economy peregrinus Nov 18 #24

In the case of natural disasters, states need Federal support. Yes, they could be bankrupted from one bad hurricane. Doodley Nov 18 #37

That last item in the list (the CDC) is also about privatizing the data... keep_left Nov 18 #33

It's an oligarch's bounty. Many billionaires will be laughing at us all, all the way to the bank. Doodley Nov 18 #38

This is going to sink the US into a dark age it might not ever recover from. Initech Nov 18 #35

It's grim, unless you are a billionaire obsessed with power and making even more money. Doodley Nov 18 #39

The 700 billionaires are an even bigger threat. Initech Nov 18 #43

I'd be willing to wager they won't be cutting Spacex funds. tetedur Nov 18 #5

Not so sure liberalgunwilltravel Nov 18 #13

Oh you know that's coming! I can hardly wait! tetedur Nov 18 #16

Musk could patient zero of FAFO contagion n/t Strelnikov_ Nov 18 #20

Eloon wants his people installed at key DoD posts. Eugene Nov 18 #30

Two-headed snake will never want to be confirmed, so it's a bag on the side of the machine Bernardo de La Paz Nov 18 #6

Trump doesn't share the stage liberalgunwilltravel Nov 18 #12

I heard there's this new "Department of Government Efficiency" that if it gets deleted, it will result in savings ... Intractable Nov 18 #7

Smarmymouth... 2naSalit Nov 18 #8

I don't think they can do this. Their arrogance only exceeds their stupidity LymphocyteLover Nov 18 #9

It's time liberalgunwilltravel Nov 18 #11

Here's what rwnj jobs are getting Marthe48 Nov 18 #14

LOL BumRushDaShow Nov 18 #18

Who needs NOAA anyway? Let the hurricanes be a big surprise! Vinca Nov 18 #15

Nothing that a sharpie can't fix! Zambero Nov 18 #21

Who needs NOAA when Trump's got his Sharpie? LastLiberal in PalmSprings Nov 18 #41

both are drunk on non-power. Javaman Nov 18 #22

LOL. Absolutely. They don't occupy any existing cabinet post, so all they can do is recommend. ancianita Nov 18 #42

part of me thinks the orange asshole did this to keep them on a short leash. nt Javaman Nov 18 #44

and funnel all that money to the billionaires electron_blue Nov 18 #23

That will help the MAGA unemployment numbers and bankruptcies and homelessness go through the sky Owens Nov 18 #25

Congress will roll over. Irish_Dem Nov 18 #26

Since he and Musk seem to have fuck all idea how their new "department" relates to government, Emrys Nov 18 #27

Majority of voters voted against Trump kansasobama Nov 18 #28

As my late father in law snowybirdie Nov 18 #29

I think i would have liked hm! bedazzled Nov 18 #36

He was a snowybirdie Nov 18 #40

I'm Betting That RobinA Nov 18 #31

And the people running them Avalon Sparks Nov 18 #46

They should start with the Executive Branch. City Lights Nov 18 #32

Can't wait to get started GPV Nov 18 #45

Getting rid of contractors, especially in DoD, Deminpenn Nov 19 #47