The end of dollar hegemony

Now, what news on the Rialto?

Re: The end of dollar hegemony

Postby Zack Morris » Tue Feb 13, 2018 3:36 am

It's not about what you can own with Chinese money, noddy, it's about how you will pay your rent to them. The yuan could become the global tributary currency if the Chinese re-emerge as the dominant world economy. As a nation, they are certainly ambitious and forward-thinking, capable of executing on large-scale projects. Their scientific output has steadily been increasing. They've built a formidable industrial base and are rapidly making progress in high value-add technology. They have turned their attention toward clean energy, recognizing its multitude of benefits, and space travel.

And militarily, the situation between the US and China can be roughly compared to that of Japan vs. the US in the 1930's. Japanese commanders were battle-hardened and tested. It was the undisputed military leader within its sphere of influence and had successfully defeated a Western power decades earlier. By the end of the 1930's its might stretched across the western Pacific Rim and deep into mainland Asia. But then they were defeated by an upstart: the United States. Was it because US soldiers were smarter or braver or fought harder? Nope. The US enjoyed a massive population advantage and a vastly larger industrial base.

No one knows what the future holds but the Chinese taking possession of the South China Sea, purchasing the Australian government outright (as already seems to be happening ;)), and having your children pay annual tribute is a possible outcome ;)
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Re: The end of dollar hegemony

Postby noddy » Tue Feb 13, 2018 4:40 am

huh ?

Ive said many times Id prefer the Chinese business tycoons to the infantile middle class whites, it would be a blessing.

still, cant see them stopping their ultra racist/nationalist thing and shooting themselves in the foot, as they always do.

you cant be a global power without letting the rest of the world play.
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Re: The end of dollar hegemony

Postby Enki » Fri Feb 16, 2018 12:40 am

Something is wrong with this thread title. It's supposed to be "The end of dollar hedgemoney"
Men often oppose a thing merely because they have had no agency in planning it, or because it may have been planned by those whom they dislike.
-Alexander Hamilton
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Re: The end of dollar hegemony

Postby Enki » Fri Feb 16, 2018 12:47 am

Mr. Perfect wrote:Lol let me get this straight, marxist collectivist is trading in unsecured commodities? Can't make this stuff up.


I never said I was a Marxist Collectivist. I just said we should have a safety net that makes it temporary problems don't destroy someone's life. A societal hedge against poverty because someone got the flu, slipped on ice, had a premature baby, a family member with a stroke or something.
Men often oppose a thing merely because they have had no agency in planning it, or because it may have been planned by those whom they dislike.
-Alexander Hamilton
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Re: The end of dollar hegemony

Postby Enki » Fri Feb 16, 2018 12:48 am

Zack I think we're at the end of 'dominant currency'.
Men often oppose a thing merely because they have had no agency in planning it, or because it may have been planned by those whom they dislike.
-Alexander Hamilton
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Re: The end of dollar hegemony

Postby Zack Morris » Sat Feb 17, 2018 3:50 am

The end of dollar hegemony is indeed going to happen in our lifetime. Donald Trump and the Grumpy Old Psychopaths have only accelerated the time table.
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Re: The end of dollar hegemony

Postby Typhoon » Sun Feb 18, 2018 9:29 am

Enki wrote:Zack I think we're at the end of 'dominant currency'.


Zack Morris wrote:The end of dollar hegemony is indeed going to happen in our lifetime. Donald Trump and the Grumpy Old Psychopaths have only accelerated the time table.


The real test of such an end of dollar hegemony hypothesis will come during the next global financial crisis.
The historical refuges of perceived safety into which investors pile in during such crises are US dollars and US T-bills.

If investors were to choose alternative financial instruments, then that would the beginning of a problem for US dollar hegemony.
All the world's a stage.
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