There is no obvious replacement for the US dollar as the world’s reserve currency. Any interim period after a dollar crisis will likely bring conflict. Eventual restoration of the dollar’s reserve status after such a conflict is inevitable due to the US’s natural geopolitical strengths.
EL Coyote
July 2, 2015 2:04 pm
OMG, those periods seem to coincide with their age of empire. Could there be a correlation, does loss of reserve currency status lead to the end of empire? Does this mean the American Empire will soon end?
Bea Lever
July 2, 2015 2:17 pm
EC- We are toast.
In other news, it was announced today that a man in Montana plans to marry wife #2 due to the decision by SCOTUS regarding marriage. It is now game on for polygamous marriage and don’t count on your SS check in the future as all of these WIVES will want to draw as spouses (gay, straight or whatever).
All TBP guys who would like to have a few extra wives, start shopping.
EL Coyote
July 2, 2015 2:45 pm
Bea, are you drinking right now? . C’mon, man, who wears the yoga pants in your house? Exactly, now go tell her you are going to pick up a few extra wives..
Extra wives, more leeches, fuck that. Women expand their domain and take over every room of the house, take control of the remote, count your drinks, pick shirts out for you, insist on you picking up clothes when nobody is even coming over
Iska Waran
July 2, 2015 3:02 pm
Anthony,
China. Maybe not yet, but it’s certainly not impossible.
Westcoaster
July 2, 2015 3:06 pm
Coyote you crack me up, lol.
robert h siddell jr
July 2, 2015 3:17 pm
Tony Tony Tony (the name’a mio 2nd brother), my dear Alfonso: At dis moment as you Pontificate the “marked’ dollar, the BRICS are counting the many ways day gonna bump it off and the replacement ya not’a gonna refuse. Of the six reserve currencies and a hundred not shown, none came back. One thing yous right about 110%, Uncle Guido’s got’a stash an he gonna be pissed.
TE
July 2, 2015 3:21 pm
Ah Anthony, thank you Sir for your drop by sharing of your marked intelligence and future forecasting.
You made me laugh, it felt good.
What’s going to bring back the reserve? Our economy that consists of government enforcements and regulations, or our “health” care that is 100% created by creating permanent (well, until dead) victims that never stop coming back for further harm? Or maybe our banksters that are stealing from us all and taking a kife on the above and welfare?
Yep, thanks again, I truly needed a laugh.
IndenturedServant
July 2, 2015 3:52 pm
@Anthony Alfidi That’s some damn fine weed you be smokin’……..don’t bogart that shit!
NickelthroweR
July 2, 2015 4:49 pm
Greetings,
I am not at all convinced that a loss of reserve currency status will be bad for us in the long run. Right now we can create fantasy money to acquire the energy we need to run our economy. The loss of that status would mean that we would once again have to work for the things we use. It would also immediately bring an end to the FSA and many of the other shenanigans currently going on.
The initial loss of that status would be difficult as the free ride would come to an end. The crafty and the owners will come out just fine but there will be a lot of pain. It is going to happen sooner or later.
starfcker
July 2, 2015 5:20 pm
See nick, I always said you weren’t dumb. That’s right on the money
robert h siddell jr
July 2, 2015 5:29 pm
Yeah, 500% deflation of the dollar will just be a flesh wound; it’ll be up and partying again in about a day or two. .
taxSlave
July 2, 2015 6:17 pm
Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
-Ludwig von Mises
Fred Hayek
July 2, 2015 6:32 pm
My one quibble with that graphic is that I suspect that it was gold and silver that were the real reserve currencies of the world up to the evil reign of the british pound.
IndenturedServant
July 2, 2015 7:19 pm
NickelthroweR says:
“I am not at all convinced that a loss of reserve currency status will be bad for us in the long run.”
Agreed. England/UK did just fine and depending on their station in life, their citizens did ok as well. Most of the former middle class in the USA will have to prepare to afford less stuff though because the govt reaction is going to be to increase taxes, fees and penalties for just about everything. One of the biggest increases will be the tax on energy. Your only chance to get ahead in that environment will be to own your own home or some productive land before the loss of reserve status.
bb
July 3, 2015 2:53 am
Nickel Thrower , FSA will burn down every city .The government will then lock everything down including you. America as we know it will be gone forever. See ,you’re not going anywhere.
Rise Up
July 3, 2015 10:22 am
Anthony Alfidi says: “…US’s natural geopolitical strengths”
———-
WTF is a “natural geopolitical strength”??? I suppose by today’s standards it’s “natural” for the US to bully every other country. It’s what the they’ve done for decades now.
There is no obvious replacement for the US dollar as the world’s reserve currency. Any interim period after a dollar crisis will likely bring conflict. Eventual restoration of the dollar’s reserve status after such a conflict is inevitable due to the US’s natural geopolitical strengths.
OMG, those periods seem to coincide with their age of empire. Could there be a correlation, does loss of reserve currency status lead to the end of empire? Does this mean the American Empire will soon end?
EC- We are toast.
In other news, it was announced today that a man in Montana plans to marry wife #2 due to the decision by SCOTUS regarding marriage. It is now game on for polygamous marriage and don’t count on your SS check in the future as all of these WIVES will want to draw as spouses (gay, straight or whatever).
All TBP guys who would like to have a few extra wives, start shopping.
Bea, are you drinking right now? . C’mon, man, who wears the yoga pants in your house? Exactly, now go tell her you are going to pick up a few extra wives..
Extra wives, more leeches, fuck that. Women expand their domain and take over every room of the house, take control of the remote, count your drinks, pick shirts out for you, insist on you picking up clothes when nobody is even coming over
Anthony,
China. Maybe not yet, but it’s certainly not impossible.
Coyote you crack me up, lol.
Tony Tony Tony (the name’a mio 2nd brother), my dear Alfonso: At dis moment as you Pontificate the “marked’ dollar, the BRICS are counting the many ways day gonna bump it off and the replacement ya not’a gonna refuse. Of the six reserve currencies and a hundred not shown, none came back. One thing yous right about 110%, Uncle Guido’s got’a stash an he gonna be pissed.
Ah Anthony, thank you Sir for your drop by sharing of your marked intelligence and future forecasting.
You made me laugh, it felt good.
What’s going to bring back the reserve? Our economy that consists of government enforcements and regulations, or our “health” care that is 100% created by creating permanent (well, until dead) victims that never stop coming back for further harm? Or maybe our banksters that are stealing from us all and taking a kife on the above and welfare?
Yep, thanks again, I truly needed a laugh.
@Anthony Alfidi That’s some damn fine weed you be smokin’……..don’t bogart that shit!
Greetings,
I am not at all convinced that a loss of reserve currency status will be bad for us in the long run. Right now we can create fantasy money to acquire the energy we need to run our economy. The loss of that status would mean that we would once again have to work for the things we use. It would also immediately bring an end to the FSA and many of the other shenanigans currently going on.
The initial loss of that status would be difficult as the free ride would come to an end. The crafty and the owners will come out just fine but there will be a lot of pain. It is going to happen sooner or later.
See nick, I always said you weren’t dumb. That’s right on the money
Yeah, 500% deflation of the dollar will just be a flesh wound; it’ll be up and partying again in about a day or two. .
Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
-Ludwig von Mises
My one quibble with that graphic is that I suspect that it was gold and silver that were the real reserve currencies of the world up to the evil reign of the british pound.
NickelthroweR says:
“I am not at all convinced that a loss of reserve currency status will be bad for us in the long run.”
Agreed. England/UK did just fine and depending on their station in life, their citizens did ok as well. Most of the former middle class in the USA will have to prepare to afford less stuff though because the govt reaction is going to be to increase taxes, fees and penalties for just about everything. One of the biggest increases will be the tax on energy. Your only chance to get ahead in that environment will be to own your own home or some productive land before the loss of reserve status.
Nickel Thrower , FSA will burn down every city .The government will then lock everything down including you. America as we know it will be gone forever. See ,you’re not going anywhere.
Anthony Alfidi says: “…US’s natural geopolitical strengths”
———-
WTF is a “natural geopolitical strength”??? I suppose by today’s standards it’s “natural” for the US to bully every other country. It’s what the they’ve done for decades now.