Confidence, Confidence! From what you are reporting, the whole world has lost confidence in our paper dollar promises which implies that the dollar as reserve currency is over. I expect a burst of inflation as dollars from the whole world come back to the USA to get real value. Bob Kaiser
Well said, since the dollar was kind of a confidence game all along anyway! I definitely think the dollar is losing global confidence rapidly due to the tariffs diminishing the need for it as a trade dollar. I think people right now need it to buy American oil, but they probably hate it more than ever because of this war. They are kind of stuck with it so long as the want to buy any oil from America, but I'm sure they will be done with it as soon as they can be. Right now it looks like they are selling their Treasuries to wring the dollars out of those that they have banked there. That may be the same end result for the dollar anyway if it means they are no longer buying US Treasuries. The gib offloads from China and Japan timed around when the war began certainly look like that is what is happening: cashing them in to cover to dollars in cash, then likely using those dollars to buy US oil.
That I don't know, but I do know they believe they are doing God's work if they bring death and destruction to the US and Israel SO LONG AS it is in a truly defensive war. Jihad requires that they are not the ones initiating the war. Of course, you could argue that, while the US and Israel started this war against them, by sponsoring terror for decades, they started the war, but that seems to be fine point they don't get.
Confidence, Confidence! From what you are reporting, the whole world has lost confidence in our paper dollar promises which implies that the dollar as reserve currency is over. I expect a burst of inflation as dollars from the whole world come back to the USA to get real value. Bob Kaiser
Well said, since the dollar was kind of a confidence game all along anyway! I definitely think the dollar is losing global confidence rapidly due to the tariffs diminishing the need for it as a trade dollar. I think people right now need it to buy American oil, but they probably hate it more than ever because of this war. They are kind of stuck with it so long as the want to buy any oil from America, but I'm sure they will be done with it as soon as they can be. Right now it looks like they are selling their Treasuries to wring the dollars out of those that they have banked there. That may be the same end result for the dollar anyway if it means they are no longer buying US Treasuries. The gib offloads from China and Japan timed around when the war began certainly look like that is what is happening: cashing them in to cover to dollars in cash, then likely using those dollars to buy US oil.
That I don't know, but I do know they believe they are doing God's work if they bring death and destruction to the US and Israel SO LONG AS it is in a truly defensive war. Jihad requires that they are not the ones initiating the war. Of course, you could argue that, while the US and Israel started this war against them, by sponsoring terror for decades, they started the war, but that seems to be fine point they don't get.