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4y ago

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Stephen Roach. Chen Xiaomei/South China Morning Post/Getty Images The US dollar could collapse by the end of 2021 and the economy can expect a ...

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3mo ago

Deleted.com is for sale, feels like a name with potential. What's the funniest possible usage?

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We've all accepted capital markets run on fae magic. Fuck gold, fuck nerdcoin, stock up on the material & get to know your neighbors. Maybe set up a still.

IDK. Seems like as long as the US Military holds a grip on the world, or continues being the mercenaries of Capital, the USD Hegemony will hold off any collapse that would affect the elites. The rest of us are probably fucked though.
- The power of the US military is what holds the dollar up, but the dollar also holds the power of the US military up. A lot of our war machine relies on the importation of raw materials that will be harder to acquire should the dollar depreciate.
  
  hmm, idk. I don't think there's enough space between Capital's interests and the strength of our military for that to be much of a concern. I mean, you and I will be fucked, but our soldiers are still disposable and Lockheed's CEO is still going to be sipping on top shelf martinis.... If our military's grip collapses we're looking at much more than just the US, we're talking about the all the colonial powers that take advantage of it as well. #OneBigEvilUnion
- Yeah, but as US hegemony weakens, it makes sense that at some point that would affect the dollar also. Not sure where that tipping point is though.

I don't trust anything a ghoul says, and doomer shit always gets headlines regardless of what actually happens because liberal economics is just astrology for the bourgeoisie.

The collapse of the dollar is imminent because the collapse of the American empire is imminent. Once a great power loses hegemonic status, the loss of reserve currency status is inevitable. The dollar will stop being the global reserve currency as it loses its hegemonic status, and the past year has accelerated that trend dramatically. If you're China-pilled, buy some Chinese government bonds. Look into CNYB. The euro will do well (I'm assuming the yuan won't be The reserve currency because the CPC doesn't want that, so it'll be a basket and the euro will definitely be in it). Buy index funds. And yeah, honestly bitcoin might be a good hedge against the collapsing dollar. If you want to read about this collapse process, I really recommend The Long Twentieth Century .
- Super weird, I think it's because it didn't have http:// in it maybe? I think I fixed the original link now. Anyway yeah the book is great, although his prediction of Japan as the next hegemon is obviously off the mark (and he later admits as such) as its very clearly China, but the mechanisms Arrighi describes are still entirely valid.

- All this tells me is that my debt is dropping by 35%
- US Agriculture is a major export. So a dollar collapse would make US food incredibly cheap for foreigners.
  Does this mean Americans eating tree-bark? Probably not. But would could find ourselves in something semi-comparable to the Potato Famine, in which prices at the grocery store skyrocket because we're sending all our foodstuffs abroad.

Get a loan or a mortgage lel
Having read it - depends what overlords will do. If say the stimulus is good enough, and financial capital is scared enough of usa wrath - nothing will happen. In bad stimulus situation you get depression, as aftershocks of spending collapse by lower earners will implode sequentially higher and higher rungs of society. If you get capital betting against the dollar, you will get much more sudden dollar collapse, something we have yet to see, which will explode commodities, shitcoin and housing prices upwards.
- Before inflation or currency collapse (depending on your work conditions of course) is an ideal time to get loans, as the real value of your loan drops like a stone, while material objects remain, be it house or something you bought.
  Edit: obviously this is playing with fire and uncertainties

Don't buy gold. If things go really bad, you can't eat gold and no one will want to trade it. Gold is a thing you buy if you assume capitalism will endure past the current crisis. Have some self-respect.
- All good. 6 am here and I haven't slept. Thought I'd drop some wise words ;)

Unlikely, but this would be an amazing wake up call for the world to stop relying on this non-scarce infinitely-minting shit FIAT.
- I'm no economist but ive heard some frame the issue more in terms of the fact that our economy is being run like we're still on the gold standard instead of the non-scarce fiat. We have no need for austerity its just the old ideologies rotting the new system
  
  Well conveniently if you treat the rich like there's no scarcity, and the poor like there is, then all the wealth and power flows up

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