This is good, right?
My steak is too rare, my lobster too juicy
>>62596478It's well underway if not already no longer the reserve if they're saying this publicly.
>>62596478It's not a flaw, it's a feature!
You wanted $30 an hour, up double from the $15 an hour you "fought" for, now get things priced accordingly.
>>62596478this guy and his boss are fucking idiots lol
>>62596523Right, that’s why their leading the free world and you’re crying on 4chan on a Saturday morning
>>62596478>Oh everything is too cheap huh? Then why is [overpriced thing] so expensive? Checkmate
>>62596478considering we import a massive amount of food (due to seasonality or better prices) and all of the chinky consumer goods in our homes are obviously imported, this is going to obliterate the lower and middle classes.
>>62596535I think Karen and Randall will somehow survive having one or two less TEMU packages a week
>>62596537generic pharmaceuticals are largely synthesized overseas. chemical feedstocks that go into pharma products and many other products largely come from overseas. etc. etc. etc.
>>62596537>>62596540https://en.wikipedia.org/wiki/List_of_imports_of_the_United_States
>>62596478Global reserve status is a double edged sword. In principle, I agree with him but it's like an alcohol addiction. You can't just quit cold turkey. This would take a solid amount of propaganda to push through.
>>62596519Why people fight for higher wages when they should be fighting for higher buying power relative to the overall cost of things. The min wage for example needs to always scale so it retains same buying power and every other job scale as well so that cost of living always stays the at least the same, this should be a law
>>62596511They're just posturing for the next 15 years where RMB becomes the major reserve currency and trumps two presidencies are clearly at fault
>>62596478>why yes, I am a BRICS shill, how could you tellBy fucking an indian? By loving israeli penis?
>>62596572Tranny if you do, jeet if you don't. There's no winning with drumpf tards
>>62596569No going to happen. Either we revert back to gold or people start trading in their own nation currencies that is if china wants nikel from indonesia they will rupias instead of US dollars using a swap system like we already do in crypto. Look into mBridge >https://en.wikipedia.org/wiki/MBridgeThat is what the future will look like. If your 'Murincan u better start saving up the USD will be devalued massively and your leaders will not pity you when you are in the streets starving to death
>>62596606>or people start trading in their own nation currenciesThat is closer to what I forsee happening yes I agree. When I say RMB is the future reserve currency I don't ever think a fiat currency will manage to capture the market share that USD did, it was the first fiat to capture more reserves than gold, but I do envision a system where RMB is on equal ground to USD, the true multipolar political system that the USSR failed to really bring about. RMB will be a major reserve currency in this system competing with other ones. I don't forsee gold going back to being the major reserves myself, it only makes sense for economies majorly based around natural commodities and I think that's what we've moved away from.
>>62596606>two more weeks until civilization collapses, for real this time
We have good reserve currency working for normal people unfortunately they don’t realize that.
>>62596563Dont listen to that jew. The reason youre being raped right now isnt because a kid working at McD's is making 5 more dollars an hour. Picrelated
>>62596519>wages flat for decades>dollar dies anyway>prices explode as wealth flows ever upwardbased and freemarketpilled
Lmao at anyone who thinks a reserve currency is a thing, or necessary. Muh reserve currency. Those 2 words mean nothing. A more factual statement is that the dollar is the 'most popular' currency. What is being reserved? Lol. It s a made up term. Euro is also popular. Sucking dick is also popular. None of this shit matters. It's just the financial system making up shit to make sure you keep giving them money.
>>62596617The yuan isn't convertible moron, lmao you the world is collapsing circus freaks are so dumb
>>62596617Everyone will hold RMB reserves due to how exposed to the chinese goods market (and soon maybe services? Idk probably not) everyone is but no one will ever reach the apogee the USDollar reached ever again. Not even china could do it.
>>62596634For now, you'll notice I said 15 years. Keep slamming your keyboard monkey
>>62596618>Mutt bucks being devalued = end of civilization. Thats not what I said at all, you can just take a flight and immigrate somewhere with a better economy like people have been doing for all of human history
>>62596641China? Wait, US cut off Iran’s energy exports, and Ukraine fully destroy Russia’s energy infrastructure. You will see China cannot make cheap goods anymore.
>>62596649>>62596634Additionally even if the future is more capital controls that doesn't preclude nations from holding that currency in reserve from trading still lol. Dumber comment the more I read it
Yeah its a great plan if you want to raise the cost of living, cause huge amounts of inflation and unemployment, raise the interest rates and bond yields and bankrupt the government.
>>62596656Why are all women on tiktok anti social assholes? Just attention seeking its bad they dont engage or interact just attention seek want likes & views. Are you mentally retarded??
>>62596659>Non-sequitur GPT post calling me retarded
>>62596653The reason china wont be able to make cheap goods anymore is their population being too educated and wealthy to accept slave wages anymore, not some boomer neocon geopolitics game. Neoconism lost, get with the times gramps.
>>62596631imagine you run a large manufacturing firm with supplies or labor sourced from overseas. you use the strong positioning of the US dollar to argue for pricing and settlement of supplies in USD. you have the upper hand and your supplier is at mercy of the good or bad fortunes of the fx rate, because it's handled entirely on their side. what happens if all of this goes away?
>>62596641>no one will ever reach the apogee the USDollar reached ever againI agree. I'm torn on my thoughts from here as I both simultaneously believe these sorts of dominations only materialize from true ingenuity so nobody else can see and stop what was happening since it's never happened before, but I also believe that humanity is ultimately self destructive so I don't know what the "correct" way for an economy to be structured to spur this sort of ingenuity without being self destructive going forward is. As you've noted below I think neoliberalism has run its course, but I do think democracy and the spirit of equality based capitalism at least in theory is a better way forward with a higher quality of life than Chinas system.
>>62596535Put the niggers back into farms and others into factories and produce your own shit.
>>62596478Vance is a retard that doesn't understand basic economics. The president doesn't control what the reserve currency is. In-fact, no government controls what the reserve currency is.Also, burritos aren't $20. You can get a chicken burrito in Ohio for $9 - $10 at Chipotle.How many more times do I need to copy/paste this?
>>62596737We use the term afro american now, chud. But why would they (the people actually in charge of america, the only true citizens), that is blackrock, statestreet, vanguard invest in american infra when its more profitable and less risky to do it somewhere else? Why would Cargill corp. stop their grain operations in asia and south america where they can pay those people 2 cents an hour to go to the US? Patriotism? Compassion? Good will?Lmao what are you, a communist?
>>62596671I think the logical endgame of a globalized economy is that all such geo-arbitrage opportunities eventually are doomed to disappear. (I.e. firms on that business model are doomed to fail). You've just described the exchange rate as a mechanism for exerting market dominance, which has often happened. But you don't need to be a reserve currency to manipulate the exchange rate or to have a strong or weak currency. The real benefit of the reserve currency is not the exchange rate but the cost of borrowing is kept low. This has artiticially propped up the US economy and actually probably helped create the worsening K shaped economy. If all that goes away, well, lord knows, it will be a bumpy ride in the short term but eventually it can lead to a more fair market where real wage can keep up with inflation.
>>62596839The malus of losing the reserve currency is that businesses now have to hedge currency risk so it would probably bring back gold as the primaru store of value
>>62596478>3 year old video of JD Vance making an off hand remark during the FRCB bankruptcy saying the good things about being the reserve currency (cheap imports, infinite botrowing) and the bad parts (export market uncompetitive) >Retards on X: JD VANCE WANTS TO TAKE AWAY YOUR CHEAP SLOP AND FORCE YOU TO WORK IN A FACTORYI sure do love midterm season.
If the cost of borrowing is artificially kept low, well guess who is more prone to borrow? Lets put it this Nwah... if the cost of doritos halved artificially who would buy more? Not everybody. The biggest retards surely would, though. The fat morons, fat niggers, fat retards of all kinds. They would plunder for doritos. Thats what happens with cheap credit.Now, so today a big driver of inflatroonism is consumption borrowing ... from healthcare to mr. DeTarquian Johnson's consumer credit and food stamps. All the retards will have to stop consooming so much ... honestyl it's not so bad
>start random war for Israel >get btfod unexpectedly >panic and start running WW2-esque "do X consumer choice for the country" shit>but zoomers all hate you and the country and Israel
>>62596478>Nooo I wanna consoom
>>62596478It is. If you are part of the capital class, it is bad, but for us workers, having to compete an artificially inflated currency makes it more difficult to compete. It is why we have the dual trade and federal deficits (have to keep people employed if they can't manufacturer good for domestic market).China tried to transition to reserve currency in 2015 and didn't like how the free floating of their currency did to domestic production and quickly halted.
>>62596478Have you said thank you once?
>>62596478It is the first step to stop the debt spiral to continue but mutts are too fucking dumb to live in an economy in which everyone pumps your bags for no reason whatsoever
>>62596563People and stupid and a some big nosed economists convinced everyone that finalization and inflation are great so everything has to be gigapumped because is le good
>>62596617China doesn't RMB to be a reserve currency. They want to be an industrial power and that's incompatible with inflation and money printing
>>62596631Brilliant b8 m8
>>62596619Now add dividends and reinvest them and this graph looks stupid
>>62596617Gold is ALREADY the major reserve asset in the world. https://www.mining.com/gold-overtakes-us-bonds-as-largest-foreign-reserve-asset/
>>62596669Chinkoids are fine if thwir GDP stops growing as long as purchasing power remains strong as we have seen in Japan. China will just turbo devalue their currency over muh GDP dick measuring
>>62596679>democracyDemocracy is garbage that can't deal with problems beyond a 1 week horizon. In 10 years democracy will be associated with poverty and incompetence everywhere but the west
>>62596882>random warDo you want your grandkids vaporized by Iranian dirty bombs?
>>62597206GDP is one of the greatest jeweries ever invented. I stand up and start clapping up whenever its mentioned.
>>62597427Spending 4 times more in healthcare to get a worse outcome gives a higher GDP, it is a bullshit metric designed to push policies that benefit oligarchs
>>62597300> Iran could totally bomb us without being intercepted> make sure every single generation fears this ridiculous scenarioSure jan
>>62596529he's not leading shitisrael and bibi are pulling the stringsdumb goy
>>62597168>>62597215That is wrong, hence all of their lending and market infrastructure>>62597181>Mining.com>Us treasuries, not all US obligations>Incorrect amounts at thatK
>he wants things to get even more expensiveMan, these fuckers are going to lose so badly next election cycle it won't even be funny. >I know I know, democracy and voting are both fake and gay, but still.
>>62596478>$20 for a private driver to hand deliver me a burrito"Oh no this is truly the end times for capitalism!"
>>62596743I think you're missing the forest for the trees. Technically the US government did dictate the world's reserve currency in the 70s when we worked with the Saudis to come up with the petrodollar scam. We pretty intentionally dictated to the world what the reserve currency was going to be at that point, because everyone needed USD to buy oil.
>>62596478Does nobody question why this guy's boyfriend moved to Argentina?
>>62599058You can have debt and it can be sustainable if you have assets to pay them off. Neoliberalism gutted public wealth while most of China's public debt is backed by the income of construction and utility companies.In the private sector China has a positive NIIP so it is a net lender, moron
Triffin paradox. They need to turn back into a manufacturing powerhouse for their national security and that requires a devalued currency, the same reason China keeps their currency devalued. Bullish actually.
>>62597300Nah they'll get killed by the North Korean nukes first. How come we aren't at war with them by the way?
>>62598162This. I think everyone even in the mainstream is aware of it but we all just choose to play along
>>62596617>I imagineYea, keep imagining. kekRMB is printed equally if not more than USD.We are never going back to a "reserve" of fiat fake and gay money.The word "reserve" was used on purpose to fool cattle. It's not a reserve of anything.People have finally figured it out.
>>62603795>The word "reserve" was used on purpose to fool cattle. It's not a reserve of anything.indeed
>>62600740I denoted that, with their lending activity, however you ignored their market build out. They've particularly made investments to belt and road countries to secure raw resource deals for their own domestic RMB markets, building out their futures markets. For now they may be net lenders yes, you seem stuck in the present however.>>62603795Meaningless post trying to trick people based on semantics, gold held in reserve was a concept long before your great grandpappy, Rajamaal, decided to have sex with the village cow making your grandmother.
>>62596478palantir plant
>>62596478What is an enterprising /biz/raeli to do with this information? I think bonds are a bad bet, and dollar-denominated US Equities are probably going to take a haircut. The fuck do I do to prepare my anus? >>62596519This is a Jewish post. You know how little of an impact wages have.
>>62596606>Either we revert back to gold or people start trading in their own nation currenciesSeems to me that some major nations already have (China)
>>62596523Trump is a genius at public relations with dumb fucks.
>>62596669China is going to turn into North Korea.
>>62603835>gold held in reserve was a concept long before your great grandpappyYes, but that stopped being a thing in 1971 (or 72 if you prefer). And before 1913 banks held GOLD in reserve.Their "reserve" wasn't the piece of paper floating around.>having cow sex on the mind for some reason
