What will happen with US Economy after there will be a new major currency to trade resources with?
PetroDolar exchanged with PetroYuan
Screwed or war. I need to move, hook me up bro
are you aware of the news from yesterday about Russia/China/Turkey/and Iran talks to get rid of US Dolar?
If it happens then the dollar value will tank and we'll see inflation take off
Sounds like US Economy is going to implode...
So why nobody talking about what Russia/Turkey/Iran and China currently does...
They responded to US Scantions... and they are about to sentence US Economy for slow agonizing death...
WHY NOBODY TALKS ABOUT IT?
economy will be fine but the quality of living will decrease
>Trusting china with a currency
>ever
top lel
Turkey is nothing more than a mosquito when it comes to the US economy. And economic isolation is going to hurt China a lot more than it does us, just look at how they're starting to buckle before we've even escalated to a full trade war.
And if we get into a trade war then the US economy will experience short-term pain (less than 5 years) while we switch over to domestic production or sourcing products from friendlier countries. Central and Latin America seems to want to keep sending us their labor force, why don't we take the jobs we've given to China and put them down there to stop migration
I want inflation, unironically. My mortgage and student loan debt, fixed rate of interest, will be the first casualties of this economic war.
Self employed attorney so I'll just raise my hourly rates. Double or triple my income but debt service amount isn't appreciably impacted? SIGN ME UP
The only currency that could possibly compete with the US dollar as a glass Bal reserve currency is the GB pound but there's no incintive internationally for such a change since it doesn't get you anything the dollar doesn't.
Why is Turkey in NATO? Why does the USA keep tactical nukes there?
Hopefully we ditch the central bank and get back on gold
With less dollars in circulation, wouldn't the value of them go up?
Some of the MENA countries tried to move to the Euro, but then the Arab Spring happen, Only that or the Yuan could replace the Dollar
"while we switch over to domestic production"
I feel like this is happening and the companies in the US are the ones moaning and groaning against it as it's a hard pill to swallow.
I remember the media saying if we went into a trade war with China everything would implode. People would die. I feel like it's the corporations pushing that narrative because they're lazy and don't want to change their supply lines.
US moved the tactical nukes to Romania a year ago
>PetroYuan
NO!
There should be petro-anycurrency
>>Trusting china with a currency
China was massivly buying gold from all over the world in last 10 years, they will use it to back Yuan rellaiability,, maybe a Yuan + Gold standard combined..
So yes burger, it will be trusworthy if backed with gold
>>Turkey is nothing more than a mosquito when it comes to the US economy. And economic isolation is going to hurt China a lot more than it does us, just look at how they're starting to buckle before we've even escalated to a full trade war.
Turkey + Syria+ Iran supporting Petro-Yuan and US Dolar in middle-east is done....
Why? because Yuan is currently cheaper BUT after Yuan will be used for resource trade, the US Dolar will become toilet paper which will be even CHEEEAPER than YUAN..
US Dolar will lose almost whole its value... nobody will wat it anymore..
Countries in EU + Asia have tons of US Dolars ... we owning AMerican debt, and because of Trump hostile policy, all major Eastern Buisnesspartners are tierd of toleraiting this situation.
US will be economicly pushed asside, ... and American way of life with endlessly rissing debt which currently US Citizens nor Gov needs to care about - will change.... into umberable situation for US Economy to survive...
US will be forced to use gold reserves...
And after that, either US Will become a cheap-slave labour production farm, with military which they cannot afford to maintain..
OR they will start a world war 3 in middle east by attacking Iran, on command of Israel...
Which scenario is it going to be?
So...right now and for the past few decades. ;^)
Do you have any articles? I like reading about it. I was reading that they couldn't find a secure facility in Europe.
>And after that, either US Will become a cheap-slave labour production farm, with military which they cannot afford to maintain..
>OR they will start a world war 3 in middle east by attacking Iran, on command of Israel...
Both scenarios will end them.
You think Jews will allow for this to happen?
They will use USA to start a war sooner,,, attack on Iran etc
Too much US Dolars in European and Asian countries... no way to reverse this .... for decades US was trading dolars for real physical goods... and this is going to stop if PetroDolar will be exchanged with PetroYuan.
Russia/Turkey/Iran/Syria/China considers two options, either as you said " petro-anycurrency" or " petro-Yuan' ... but deffinitly US Dolar must go into history..
Its what they said in news yesterday in Poland
HAHAHA I can't wait. American pigs need to be taken down a peg or two.
>US economy
>Implode
We're not the ones buying Bitcoin left right and center and propping up ghost towns.
America is forever. The new secular order is unstoppable.
Probably martial law and war. Our military gets money thrown at it endlessly so I guess thats the plan. Should be fun when you throw it in with our garbage infrastructure.
Chinese women want to be bred by us white guys.
You right.
Trump leadership of US, and sucidal arogant aggresive policy forward US trade partners, killed the remaining trust in US as rellaiable trade partner which was privilaged and tolerated for way too long.
Trump will be the president known for sentencing US Economy for slow agonizing death in isolation..
"A true reasonable responsible buisnessman"... Trump is a joke, no wonder he owned so much money to the jews before the elections..
Because a few reasons
> Our economy wouldn't implode
> They'll never do it, especially not based on the Yuan, way too volitile and way too artificially valued
> Even if they do, and the EU joins them, it could lead to a beautiful isolationist period here
Long story short, it's not going to happen, and even if it did, we'd be just fine.
My gut says Iran
euractiv.com
I've found this, some articles say that they have nukes there, and some others that they have moved all that to Crete, I remember that from the news after the coup
The USA created post-war global economy has been on deaths door for decades. It's the entire reason we've been destabilizing the world (while masquerading as world police). Why we destabilized all of South America, all of middle east and more. The current way of things only works if no other country rises above to be a competitor. USA leaders are panicking and Trumps sole concern is reestablishing pre-war economy conditions before our inevitable collapse happens. The rest of the countries around the world see the writing on the wall and are uniting to cause our collapse before we transition. Best thing USA can do is keep postering to buy time while we work towards the transition (Trump's foreign policy approach) but thanks to channels like RT people aren't buying it as much so it's a race to see what happens first. Given the amount of USA citizens needed to get back into farming that would be required to make the transition, It seems more likely we won't make it in time.
Off topic but Romania had a aesthetic crest during Soviet times
>but deffinitly US Dolar must go into history
That's when ww3 will start.
>It would lead to isolationist period here
You don't understand how reliant the USA is on foreign countries for everything from raw materials to manufacturing, eve service industry is heavily reliant. The quality of the average American is the biggest barrier in re-creating that pre-war isolationist economy. At least 2/3s of all farmers are over the age of 65. According to the USDA we need at least to add 100k new farmers to the work force for the next ten years just to maintain current production rates (which still requires foreign imports). The average person is not used to hard labor, is used to luxury living and holds no interest in farming.
WW3 Will not start, no one has the arms, or man power (or financial backing) to even benefit from such a thing. What will happen is regional conflicts that have been put off for decades will resume, civil wars will happen, and countries will rush to re-build. The next era will be a kind of neo-feudalism, finally an end of Democracy.
"> They'll never do it, especially not based on the Yuan, way too volitile and way too artificially valued"
China got currently the largest gold reserves on the planet + the largest production infrastracture/Industry etc.
So are you sure about that? because facts seems to prove otherways
> Even if they do, and the EU joins them, it could lead to a beautiful isolationist period here
Yes,.. Trump was also hostile forward EU.. so far EU was supporting tolerance for PetroDolar, in exchange for US PRotection..
But now Trump demends EU to pay more for protection, and also impose sanctions on EU states... which gives EU every reason to switch sides...
Yop..
And notice somthing here
The Russian/Turkey/iranian/Syian/Chinese plan to trash US Dolar, has every possible support they need..
They got resources from Russia and most of the middle-east
They got suppoters all over the world, who will turn their back gladly on US
They got combined Industry which is much larger than what US can possibly come out with...
The only advantage which US still has, its Military, but in order to use it as an advantge, US would have to start a world war 3... otherways they will sit doing nothing while economly will be collapsing. ..
US
NEEDS
WAR
OR
US Will not survive....
Deffinitly not as world leading power at least...
new regional war will not save US Eco.. opposite, it will speed up the collapse, preety much like soviet war in Afganistan before USSR collapsed...
Exports make up less than 15% of our GDP. The stability of the dollar is based on the fact that we have an incredibly strong domestic market and we pay our debts. Even if we remove ourselves from the world stage, we'll still be a world leader because foreigners want to invest in reliable markets.
I know this is another European bait thread where they circlejerk their fantasy of America collapsing and allowing them to forever service tiny asian penis instead but its pretty stupid.
US gas and oil is blowing up and we have some of the largest untapped reserves left in the whole world. Which we have finally just begun tapping with frac and shale technology. Countries like China are afraid to tariff our gas and oil too.
The US is doing fine, its actually experiencing 4% growth despite already being the largest economy in the world. Most European and Asian countries are not seeing 4% economic growth. Stay buttmad
>assumes US will be in a position to destabilize anymore to cause and fuel civil wars
>assumes alliances between belligerent nations won't happen
>assumes any strong power will just deflate into nothing
Major powers are at conflict right now, a huge war will happen and the losing side will drop the A bomb at the end.
The US IS the chinese economy, you retard
A lot of my countrymen are grossly under educated on how much progress China has made (BRICS, Asian development bank, new silk road policy, establishment ties with Central Asian powers, efforts into Africa). They still think of China as it was in the 1990s
Poland is looking pretty good because of the surplus of agriculture you have there (So much so the EU demands to destroy the excess or pays to not grow to stay competitive)
I can't say I have much faith in the USA because of what would be required to make the transition. Much more likely that USA will balkanize and many poorly run states would completely break down
>USA military is advantage
not really, the quality of personal is way down. To much reliance on hardware which we cannot afford to lose. According to the USn own simulations, Iranian navy could take down a carrier group with it's speed boat style ships. not to mention the weapon systems and cruise missile advacements China and Russia has made.
>Petroyuan
>Insinuating they have oil
Indeed, USA would be foolish to go to war. It would not only lose the war, but practically guarantee a future of foreign occupation. USA would be wise to focus all of it's attention inward to soften the fall before it's to late
>China and several non-relevant countries are buttmad at the US
Damn I guess Trump will just have to put even more tariffs on China and sanctions on Russia and Iran
What are you putinbots smoking though, seriously? Trump fucking destroyed Turkey with a tweet and Iran is bleeding out, Russia is begging for leniency and China has been in recession since 2016 and you come here and say "haha this time the US is finished, all these countries getting fucked up by America will team up and then they'll win!". Save your energy for when you're starving to death.
>To much reliance on hardware which we cannot afford to lose.
God damn stupid barf.
You effeminate fags don't know shit about war.
>practically guarantee a future of foreign occupation
Confirmed for having no idea what you're talking about.
>trusting TV news in eastern europe
>anywhere, in fact.
Absolute KEK
>farmers are the ones working in the fields
Wanna know how I know you don't know shit?
>Measuring export reliance in relation to GDP rather then key items across sectors
Foolish
>Stability of the dollar is based on strong domestic market
Look up how much sea shipping lanes for example are relied upon. How much is actually sent overseas, even financial processing. Look up how our failing infrastructure has lead to greater importance of land shipping (trucking, which has a shortage of truckers and is more expensive then train or sea) Things do not look good bro.
>Foreigners want to invest in reliable markets
If the USD is dumped, we will see hyper inflation as all the dollars in circulation come back.
>the US is untrustworthy
>not the countries which put tariffs on our goods when we didn't have tariffs on them
It's funny to see you kvetch. Let Poland die, the jewish blood has seeped into the general population and you're basically just catholic jews at this point.
What you think will happen with your inner market value for the investors from all over the world, when dolar will badly lose on its value?
How many states you think want to do buisness with Zimbabwe?
"and we pay our debts" - how much of the debt US will be able to pay if dolar will drop bellow 50% of its current value? I tell you how much - NONE, because whatever will be still avaiable, will be needed to cover up expenses of currently functional eco/military in the US wow
"its actually experiencing 4% growth " - US Growth is based on value of US Dolar, its purly syntetic construct same as in China...
The diffrence is that there are countries willing to back up and trust China... while Trump destroys the last remaining trust of forgein investors, into US... as trustworthy OPEN trade partner...
While all other countries trying to open themselfs on the world.. the Trump goes totally into isolationism and hostility... ruining the Image of US and US Economy on a long run...
Nobody is happy doing buisness with arogant buffon, who rules a buisness by being in largest debt from all the countries which currently exist on our planet..
US will end up on kness.... with or without war... its just a matter of time, a near future in fact.
>you can take down a carrier with a speedboat
Kek the retards that post on here Jesus christ
You misunderstand, I am saying the iron grip the USA currently has disappearing will lead to old tribal/border feuds and ideological based civil wars will be allowed to occur now. The artificially kept peace will be broken and countries will be better off for it
>comparing america to zimbabwe
At least make your trolling not so blatant
China has secured supplies of oil from Middle-east/Africa/Russia and South America
US made so many enemies everywehre...that they decided to serve new CHinese overlords...
Any questions?
I am referencing both past war games findings and the USn's own swarm simulation programs for my claims. Swarm simulations found speed boat style vessels with shoulder mounted RPGs (such as those used by Iranian navy) posed a serious threat to our carrier groups in the circumstances of war in their region. War is not like your video games user
>as all the dollars in circulation come back
Furnaces exist
LARPs are fun, I'll see you next year when our country is still the largest economy on earth, and your countries are still irrelevant.
No, you don't realize how dependent a lot of countries are on the US consumption base. We have oh so many natural resources here, we just leave them in the ground as their value increases and global supply diminishes. You don't seem to realize these countries manufacture solely to supply American consumption. We have a future slave labor manufacturing base in a friendly India that will fill China's role just fine. They need our disposable income way more than we need foreign goods.
There is a reason Europe abandoned city states for country powers and started maintaining a standing army - Mongol invasions. Our country is just hanging together, no state government is competent enough to stand alone. That I'm aware of no county or city government is either. Going to war during our rush towards collapse would mean complete break down, collapse of all infrastructure, and individuals or families fending for themselves outside established private militias. This does not bode well for a trained and organized foreign power. Quit being blinded by short sighted patriotism that you cannot see our actual position
>China was massivly buying gold from all over the world in last 10 years, they will use it to back Yuan rellaiability
Then countries will just say they want the gold worth for all of the Yuan they hold. Same reason the US doesn't use the gold standard anymore.
Everything else you wrote shows you have literally no idea what you're talking about.
The US is not afraid of losing/wasting gear in war.
>Ha, we also have a lot of foreign workers in the fields too. The farmers don't even do much anymore because of that and automation
How does this not only support what I'm saying but provide additional evidence for how bad things are?
The fact is, they can do whatever the fuck they want, the US is good. We've got our own oil now and when they decide they want to go and do their own thing, good fucking luck because we aint going to be keeping their peace any more and they are going to have little wars all over the place and won't be able to get shit for oil shipped all the way around to china to sell it.
...
Good luck. I may disagree with you guys but this is obviously only going to end one way lmao.
>The artificially kept peace will be broken and countries will be better off for it
Yea and will stop them from creating alliances and turning it to ww3?
Creating a hypothetical scenario in your mind and then basing everything you say on it doesn't mean shit.
Its official, Sergei Lavrow spoke about this in front of jurnalists, was just transmited in the News
Do you have any idea how many times US cuucked Poland over and over again?
And how many times US cuucked most of the world?
How many times US involved Europe into wars which we held no interest into?
yes US is very untrostworthy ally/buisnesspartner...
The only true friend of US is the greatest allie with the big nose
You
into here you look=>
Ultimately means nothing youtube.com
>We can just burn it though
The US treasury keep records of how much is in circulation. It would have to be a government policy to buy back excess dollars and destroy them to officially reduce the amount in circulation. But to do this we'd have to nationalize our central bank (Federal Reserve) like Hamilton originally wanted, in addition to a bunch of other financial reforms) but I don't know how likely that is.
I work for government and have a 5/1 ARM
FUCK YOU!!
It's just as viable as quantitative easing was. Restricting the flow of dollars in the event of the world using less of them is a completely reasonable thing to do.
War, user. It's always war.
>How dependent other countries are on US consumption
>Foreign countries aren't tapping their own domestic markets
You're living in the 1990s bro, you haven't been paying attention to the last three decades of foreign politics.
>We have a lot of natural resources
This is true, but have you been seeing how much resistance across the states there is to actually tapping them due to pollution concerns? The industry simply isn't really there, or growing with raw material extraction. This is without even going into the shortage of young natives who even would be able/willing to do the work.
Unfortunately this is true which is what concerns me about how likelihood of going to war and significantly worsening our situation.
There is not enough stable countries to even have a ww3 user that was part of my point. The next era will be about re-building what has been kept down, not destroying the ruins.
>Using historical precedent as a basis for why a collapsed USA would not do well against foreign powers doesn't mean shit
If you say so
>>Then countries will just say they want the gold worth for all of the Yuan they hold. Same reason the US doesn't use the gold standard anymore.
Did you just forget that China is the largest producer/exporter of shit goods all over the world?
Can you into basics of economy burgerboy?
You may start worring about gold being sold out, after you droping on goods production/export, until then you preety much good to go... anyway China will use it as temporery solution to strike at US Dolar/Market.... its not that they care on a long run until they remain the major factory of the world
>>Everything else you wrote shows you have literally no idea what you're talking about.
not an argument
counter specific issue or stay quiet pesant.
hyperinflation
But Russia is just using Chinks to scare burgers.
When push comes to shove Russia and America always cuddle up.
US Revolution
RUS Revolution
WW1
WW2
Spacerace
Future Alien Wars
Russians like America a lot more than they like the smelly Chinks.
He was comparing the hyper inflation the Zimbabwe dollar experienced to what could happen to the USD if the true amount returned to the USA
nukes already moved
Erdogan getting to comfy with russia and being a fool again, and yes this is actually the one instance where someone is actually being played by russia, it is actually their interest this time ofc.
It's like here they did this psyop on him to tell him this in their way, there were this nato drill here I think two years ago now. When the turks came and were going to shoot, they noticed that all the targets were actually of erdogan and atatürk
>don't get to comfy with russia roach
he got pissed as fuck as always
nah he is acting like a little spoiled child, I don't know the word in english but they get this period around three where they only go mineminemine, noooo!
that's where he is atm. buying russian weapons systems against natos demands, this shit, that priest crap, santions and on and on and on.
right now he won't be kicked out, but this can't go on like this
and not to mention us interests in syria vs turkeys interests, and this is the really big boil, here the turks are actually in their right in many ways. removed the jihadis and they have right you actually see ypg change mode now and are back at terrorism again
>War breaks out in the region
>Oil prices go up
>US has enough reserves to support itself
>Sit back with with my toes in the sand sipping margaritas while the world burns
Well you faggots wouldnt be dealing with a hardass like trump if you didn't take advantage of our generosity. We have been hemorrhaging $ since we started propping up the world. You only have yourself to blame if you don't like the way our President treats other countries.
>It's a completely reasonable thing to do
I completely agree, I also think it should be done now. But I was saying that what is reasonable to do for actual progress is not always the direction the government or the people supporting it take. I was saying I don't know how likely our government and populace was to doing what it would have to
>Did you just forget that China is the largest producer/exporter of shit goods all over the world?
Do you understand that China literally can't be the largest exporter if the Yuan is the world currency? Do you understand that China's population doesn't have enough money to let it currently be a consumer base economy, which is need to let other countries be the Yuan to trade on the global stage as the world currency?
You really don't know what you're talking about.
There has to be a lot of full scale war to bring those ruins which faggdy civil wars or neighbor nation skirmishes won't accomplish.
The world won't be in ruins you dumb ass, most of the current half of the century was quite peaceful.
>Do you understand that China literally can't be the largest exporter if the Yuan is the world currency?
If they don't play some fiat game they can do it quit successfully.
USA-Russia partnerships are due to fulfilling mutual interests, this is the basis of practically all international alliances. Make no mistake, despite working together each country is still a competitor to one another. They will turn on one another the moment they see the opportunity to do so just has been done at ever turn in the past.
>Russians like Americans more then Chinese
They currently have a mutual-defense pact (if one goes to war, the other goes to defend them)
en.wikipedia.org
Russia-China are competitors, but they have a lot more interest in siding with each other over USA (if only due to proximity)
>When the turks came and were going to shoot, they noticed that all the targets were actually of erdogan and atatürk
You have my own soldiers shoot at me!!!
You fucking mountain niggers!
What is this!?!
REEEEEEEEEEEE
>Roach money
Good luck getting enough food in such scenario. Food scarcity (along with clean water) is among the biggest future concerns. not only to aging farming population, reliance on foreign labor force, automation, but also environmental concerns like synthetic fertilizers, depleting top soil, and expanding desertification (not to mention collapsing local biomes)
>We have been hemorrhaging $-fiat toilet paper made by the FED corp, since we started propping up the world.
this
back to the case now too though, looks like we are going to see more of this and more countries skipping trading via the dollar and instead just their own currencies. I am by far no economic experts so I don't really even fully understand what's supposed to be bad with this
Current era USA success was built post world war. It's decline has been guarantee since great depression correction was put off with FDR's new deal, and Johnson's expansion of it (along with the start of reliance on foreign wars to prop it up) Obama was just a continuation of Bush, Bush, and Clinton. Things have been fucked for a while now
No they can't. First of all, fiat currencies allow countries to control inflation or to devalue it, something China uses to keep being the largest exporter. Second if you currency is gold based but you stop people from actually getting that gold, it's not gold based. Which means the whole argument for the Yuan, which that it would be gold back, becomes worthless.
Trump sold Poland to the jews, by signing bills:
>>congress.gov/bill/115th-congress/senate-bill/447
>>congress.gov/bill/115th-congress/house-bill/1226
Still yes I agree, Trump is obviusly better than jewlaery, but they all serve the same masters... so you burgers have nothing to be proud about.. your gov is hijacked by jews, your state serves Israel as a bodyguard and servant who pays taxes to Israel and stuff... shame on USA
POLAND DIDNT DO ANYTHING UNFAIR OR WRONG TO USA, OPPOSITE, we been a loyal puppet-state for your country, licking US Balls and trying to be a loyal friend... and US FUcks us over and over again....in every possible way, BIG FUCK YOU TO YOUR FUCKED UP STATE, Polish gov sucks, allways did, chosing the wrong friends at WW2.
But well... we been expecting some more respect and fair treatment from Trump... instaed he is an asshole to us
>>War breaks out in the middle-east
>>US + Israel lose control
>> China + Russia gets involved because of Iran
>>WW3 breaks wildly
>>Nukes from China/Russia flys into US
>> US Nukes flys all over the world ... being unable to destroy majority of Russia etc.
>> Russia + Europe survives WW3 ( hopefully)
>> USA becomes a radiated wasteland
>> I sit back on kreguleand islands enjoying the show...drinking tea while the world burns
It doesn't matter - the petrodollar is no longer the foundation of US currency. Its new foundation is the Fed protecting the largest holders of US dollars above all. The dollar is no longer the safest investment because the demand is driven by petro, but instead because the demand is driven by a safe haven.
Euros have been used for quite some time to buy oil and it hasn't affect the dollar. As long as the Fed considers the largest holders interest at the expense of the US citizens the dollar is safe.
We produce more than enough food to feed ourselves.
>The world won't be in ruins
no, I am saying it is in ruins now. There is no world war three because there are no capable players to have it. This goes back to the past hundred years of artificially induced destabilization done by the USA
>Quite peaceful
Peace is a bad thing user, politics is war of words and ideas. When this fails you need the ability for violence to resolve disputes. When you remove this option society atomizes, artificiality kept peace has built a powder keg that will blow when it ends.