as soon as the dollar collapses and whites are forced to get off their ass, niggers and minorities will die en masse
>>527953780The dollar won't collapse, and it will remain the reserve currency for another 3 decades at least.
>>527953822>hmmm
>>527953900Businesses that have stocks of US treasuries, which they use as collateral for lines of credit, have been dumping their treasuries for precious metals instead, which will put downward pressure on the US dollar and upward pressure on the price of precious metals.If you think that's enough to break the reserve currency, then you're no better than the types of say shit like "Deus Ex China will *insert* this or that hopeful desire once some happening happens."The USD is also used for the same amount of FOREX transactions as before if not even more so. Unfortunately, there is no other currency that is a viable alternative to the US dollar as the global reserve currency. However, the only alternative to a given reserve currency is that of regional currency zones, which is what Trump wants instead.
>>527954212I think since COVID and especially since Trumps second term, that it’s obvious that the post 1945 Brenton woods pact is dissolving. Regional currency control does indeed seem to be the play, but that is in connection with commodities especially silicon and oil. You’re lying to yourself if you don’t see economic disruption on the horizon which will proportionally affect minorities (good)
>>527953900Is it better to buy gold futures or gold directly if you bet on a bull market?
>>527954324Dissolution won't occur anytime soon. Disruption will continue for decades, which is too long for the sake of America.>which will proportionally affect minorities (good)That's another lie you're telling yourself. They're not "minorities", we are.
>>527954384Always buy gold over gold futures. Gold futures are just promises on paper. My portfolio is divested, but I always keep cash and gold as half and half at ten percent per annum
>>527954212>Unfortunately, there is no other currency that is a viable alternative to the US dollar as the global reserve currency.Lmao knock knock its yuan timeThe EUR is also stable unlike the dollar they’ll just rug pull you withYes they will do a crypto scan rugpull with both US treasury bonds and the USD. Remember this post.
>>527954442Isn’t there a massive premium to buy physical gold though? How do you get it cheaply and in bulk without a massive premium
>>527953780>forced to get off their assesI seem to remember a 1600's and 1700's that began to differ.
>>527953900>>527954324this is futures, futures are mainly own by (((them)))
>>527954444Checked. The Euro and Yuan will likely take hold over the Old World while America invests its crypto dollars into AI backed commodities >>527954485there is a massive premium indeed, but with how much the dollar is inflated, I consider it a bulwark against rapid devaluation even with the higher margins. If you wanna be picky, buy in person at your local gold shop. There are some reputable online dealers, but you’re less likely to get a deal and your shit might get stolen by the nigger mailman (not what you want, champ)
>>527954574Isn’t that a sign that they are pumping and dumping the system? I see the same shit with buttcoin
>>527954641>buy in person at your local gold shop.I thought these were by far the worseI guess I’ll need to do some research and market research price comparison etc I thought a gold shop was the equivalent of a tourist shop who sells 0.10 cent Chinese plastic for 20€ But with gold coins and bars
>>527955047It really depends on the shop, anon. It’s like looking for a car mechanic. Seven out of ten will fuck you over, but if you show that you want to be a reoccurring customer and that you’re willing to barter fair, then a decent merchant (lmao) will recognize that and develop a legitimate business relationship with you. That’s my advice, I simply don’t trust online buying unless it’s for my gamer sups
>>527954444Having a reserve currency means that other countries use your currency for the majority of their reserves, thus bringing demand for the global reserve currency.Once a country establishes their currency as a major reserve currency, it inherently leads to a currency outflow as the world demands that currency in order to conduct trade.A global currency needs an ongoing trade deficit in the issuing country. A trade deficit involves exporting the currency and importing products, because other countries need the reserve currency.To become a reserve currency for global trade, you must deal with the Triffin paradox.Currencies can choose two of the three options:1. Fixed exchange rate.2. Free flow of capital.3. Independent monetary policy.- Most countries choose options 2 and 3.The US dollar is continuously exported and circulates as currency in contracts that don't involve America, effectively pegging more than 60 national currencies to the USD.The Euro only appears as a frequently used currency because the Eurozone is a local group, so any trade between those given countries technically count as the Euro being used globally, which makes up most of the Euro's usage and its only means of stability.China has a trade surplus and is entirely dependent on being an exporter; they import foreign currencies and export products. Yuan is used to pay for some things just as the seller will use them to buy Chinese products, most of which are commodities, but it's not a direct exchange. The yuan is artificially pegged (currently 7:1) to, and the disappearance of the global market ruins China as an exporter. If everyone trades in other currencies, where will other countries get the yuan if China has a trade surplus? Other than posting propaganda, inform us as to how China can move away from a trade surplus, achieving a negative trade balance (deficit) in order to install the yuan as the global reserve currency?
>>527955375>The yuan is artificially pegged (currently 7:1) to*the USD
>>527955154Ok I’ll look it up>>527955375>A global currency needs an ongoing trade deficit in the issuing country. A trade deficit involves exporting the currency and importing products, because other countries need the reserve currency.This is an incoherent statement and a profound misunderstanding of the situation You’re not FORCED to import goods because you have a cash outflowRather you are VERY GLAD you’re getting tons of shit for paper bullshit you’ll hyperinflate later anyways >To become a reserve currency for global trade, you must deal with the Triffin paradox.>Currencies can choose two of the three options:>1. Fixed exchange rate.Useless>2. Free flow of capital.Harmful>3. Independent monetary policy.Universally harmful and literally boils down to "let Jews in the central bank do whatever they want without government oversight". It’s about making states weaker it’s power politics and nothing more. It’s like whether or not the state should control some public utility. Yeas means more power to the state, no means less power to the state. Less power to the state means more power to non state actors which generally means organized jewry>The US dollar is continuously exported and circulates as currency in contracts that don't involve America, effectively pegging more than 60 national currencies to the USD.No the pegged ones chose a fixed dxchnage rate by choice which itself is a 70 IQ ape play and the reason why George Soros got rich of these literal knuckle dragging apes in governement positions through forex arbitrage. You can quote me you first year macro eco course all you want but my level is way above that I understand more about macro eco and macro finance than most finance ministers I would know I’ve met them, sorry for playing dumb earlier in the thread
>>527955375>The Euro only appears as a frequently used currency because the Eurozone is a local group, so any trade between those given countries technically count as the Euro being used globally, which makes up most of the Euro's usage and its only means of stability.I don’t care at all about whatever stat or website or org you talk about with this metric of global currency usage (I assume an aggregate of daily forex exchange volume which is meaningless because big financial firms are paid for services of trading money back and forth to generate artificial liquidity)Either way you saying that it’s the only means of stability isn’t correct at all stability is supply and demand the domestic EU demand is stable and the supply comes entirely from the ECB printing press and unlike the FED they can be mostly trusted not to go "ahah press goes brrr"Again I literally know the people in charge of the European financial policy on a first name basis they’re all total retards the mission statement of the ECB is to stick the inflation rate at 2% they don’t have any reason for why they should to that they operate on the level of technical understanding of a CARGO CULT and I wish I was joking. But no I assure you the people who control the printing in Europe are cargo cult tier superstitious voodoo 2% inflation target I’ve talked to them
>>527955375I wrote a reply for the last part but it’s probably wiser if I don’t post it it’s too important geostrategically and for myself to just rant about it anonymously on 4chan but the short story is that your assumption about the China situation aren’t just wrong they are inverted and that China is in an incredibly dominant position right nowThe only thing they lack is oil so I also predict American power will collapse when fossil oil runs out
>>527955935>voodoo 2% inflation target I’ve talked to themAnd the reason they do it is because I shit you not it’s the macro economic metrics they use and they noticed they tend to lag behind real inflation so they put it above it so the goal is basically 0 in their mind but they put it above 0 because of this delay between real inflation (whatever the fuck they think it means) and their economic indicator plus having a slight positive inflation means people are more incentivized to invest than to hoard cash but basically everything they do is like an uncondacted African tribe in terms of level of skill and professionalismI’d estimate Europe runs at maybe 15% economic efficiency as in you could x 6.6 the economy output of Europe just with systemic reforms it’s been very hard to mask both my autism and my disdain for normies and keep up a pleasant smile as I was learning just how fucking appalling and just not done everything was at the level of governments and elitesThey have no fucking idea what they’re doing And they write the textbooks you learn so you know apply critical thinking to what you’re taught, if you’re taught that handing goods away to foreigners for free is great then maybe just maybe that’s not true lmao Either way I wasn’t being serious earlier about yuan becoming the reserve currency but it might only a bit later than I was implying. However it won’t be a switch it will be total economic warfare waged by China onto America that will totally collapse the American economy in a devastating surprise attack and America will be so crippled and terrified they might react militarily which they are very likely to lose leading to a bizarro WW3 where China just takes over the same way America became number one top dog from WW2
>bump
Welp thread died
>>527953780Try it cracker kike,you and your family will be killed.
>>527957928It’s the Sabbath, get off the computer Shlomohomo
bumpity
>>527953780Nothing changes as long as the Jew call the shots. YOU OBEY THE JEW WHITE MAN OR ELSE.
>>527953780>the violent minorities who have experienced systemic prejudice their entire lives will suddenly just dielol ok
>>527960153>systemic injustice >from being violent minorities Sounds like a (You) problem. Please reference aftermath of Hurricane Katrina and the dynamics between whites and niggers, and then get back to me.
>>527960310there was a whole lot of looting and rioting post-katrina, bro.Jus' saying, all those TVs and jewelry weren't being pilfered out oft the black communities.
>>527960528>there was a lot of rioting and looting by niggers stuck in the dome Yes I agree, it’s their natural habitat. Thankfully, whites in Louisiana are not retarded and are armed to the teeth. Whites down south especially are not neutered like whites in the rest of the country. Can’t relax around blacks.
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Bumpity
