No one can afford anything anymore.US dollar is out of control.Countries will dump US bond and cut ties with the dollar to stop inflation.The days of dollar as reserve currency are counted https://fred.stlouisfed.org/series/CUSR0000SAF112
The problem is that the USA controls other countries and lets them buy US debt, apparently. I see no other reason for the Swiss National Bank to buy and hold US debts, for instance.
>>536999000Beside being absolute worthless now.A bond is only valuable if the interest receives is above inflationGuess the inflation numbers
>>536999184They are not entirely worthless but the USA apparently control the SNB and others, and lets them buy the US debt with the negative real interest rates.
>>536999000>nice tripsmaybe jewSA controls all the countries but (((who))) controls it
>>536999000The Swiss National Bank buys US debt because it wants a risk-free return on the dollars it holds. It wants the US to create dollars as interest on its principle and give it to them. If they didn't want this, they would use the dollars for something else -- such as purchasing US exports, or they would sell the dollars on to someone else who wanted to buy US exports or treasury securities.Countries that issue their own money don't need to sell bonds to finance themselves.
cut ties and use what?the yuan which the ccp unilaterally controls by fiat and can rug at any time? lolthe euro? the ruble? lmfao
>>536999746No one needs foreign currencies. Countries can use their own currencies.
>>536997383>The days of dollar as reserve currency are countedDa comrade Sukdeep, ten izzats into your account.
>>536999746Certainly not the dollar.Before the dollar was the pound and no one uses it.Americans can't even afford food with their own currency so why should anyone use it instead?
>>537000022because if you take off your memeflag, you are a country using american tech, finance, or fintech that has not divested their interests in it despite complaining about it for the past 20 years
>>537000280Yeah man.Like America is one homogeneous nation full of hillbillies tech and not the prime example of globalism and people of all nations contributing to your success.The moment America turns against diversity and globalism would be the day the world would ditch as reserve currency.
>>537000022>>537000280you're both right. that's how they want it - a destroyed us dollar with no organic alternative parallel monetary system to fallback-on/switch-over-to, so the world is (((forced))) to lifeboat in the system that they spent the last 10 years preparing for us - cbdc's. nobody wants it, but we will get it anyways. this is the plan. there is no alternative. 2030, boys.
>>537000375>it's happening>ok it's not happening but it will sometime!same shit different daybtw it's "days [...] are numbered" not "counted" esl nigger
>>537000759No one needs a reserve currency. For instance, it's possible to use the US dollar as the unit of measurement for oil, and still pay in another currency than the US dollar.
>>536997383just join BRICS or don't and just trade among yourselves using your own currencies or crypto
