the end of dollar ...

[deep impact]

Our whole economic system depends on continuing the current monetary arrangement, which means recycling the dollar is crucial. Currently, we borrow over $700 billion every year from our gracious benefactors, who work hard and take our paper for their goods. Then we borrow all the money we need to secure the empire (DOD budget $450 billion) plus more. The military might we enjoy becomes the �backing� of our currency. There are no other countries that can challenge our military superiority, and therefore they have little choice but to accept the dollars we declare are today�s �gold.� This is why countries that challenge the system-- like Iraq, Iran and Venezuela-- become targets of our plans for regime change.

The End of Dollar Hegemony
Exiting dollar, Iran puts 70% of reserves in other currencies and gold

Exiting dollar, Iran puts 70% of reserves in other currencies and gold | Gold Anti-Trust Action Committee

the other countries buy dollar from USA and the amount is $700 billion per year.

what ll happen if other countries dont want to use dollar for commerce and want to use gold ?

 

[The Joker]

We buy gold?

 

[deep impact]

We buy gold?

if other countries dont accept dollar, how can you buy gold ?

now usa buying oil, mine, industrial productions by paying dollar (paper). so usa can buy everyting from all over the world. if other countries want gold for paying, usa must buy gold.

and;

Currently, we borrow over $700 billion every year from our gracious benefactors, who work hard and take our paper for their goods. (quoted)

if other countries dont accept dollar (USA's paper), and if they want the equivalent of dollars which have taken from USA before, what ll happen ?

 

[The Joker]

Good point xD

 

[deep impact]

Good point xD

that s why usa is rich.

when usa want to buy goods, usa gives it's paper (dollar),

when other countries want to buy goods, they give paper (dollar) which they have taken from usa by selling goods.

so, usa is reach, because of it's paper.

if every country use gold then every country become equal, and usa's richness will end.

we can easily say like that.

if dollar end then usa end.

am i right ?

 

[SgtSpike]

that s why usa is rich.

when usa want to buy goods, usa gives it's paper (dollar),

when other countries want to buy goods, they give paper (dollar) which they have taken from usa by selling goods.

so, usa is reach, because of it's paper.

if every country use gold then every country become equal, and usa's richness will end.

we can easily say like that.

if dollar end then usa end.

am i right ?

It would certainly make life harder in the US if the dollar ended... but the dollar's not going to end. It has no reason to end. The dollar is still strong, inflation is low (actually, haven't we almost reached the point of deflation?), and even though we like to bash on the government all the time, there are many smart economists working for the government who will ensure the value of the dollar never disappears entirely.

Despite our recent economic struggles, I think the dollar has been and still is the most stable currency in the world as far as reliability of value. We've not had horrible inflation rates or deflation rates in decades, and the same cannot be said for most other countries. I think that is why other countries are so acceptable of the dollar.

And gold is limited. Every country cannot use just gold to trade - there's just not enough of it. Deflation rates would skyrocket if everyone tried to use gold because there's such a limited supply. That's why paper money was invented in the first place.

 

[deep impact]

by the dollar USA gains the richness. because USA uses the other countries sallary. other countries gives goods to USA and USA gives only paper named dollar.

by this way USA become richer and other countries going worse.

with the money, USA becoming the super power all around the world and behave it's aims. USA attacks many countires with the word of freedom but many people die.

if one day, dollar end, USA also pay "money" for the goods as other countries.

 

[The Joker]

The Dollar is Money.

It can be exchanged for the currency of any country.

 

[coughdrops300]

interesting

 

[deep impact]

The Dollar is Money.

It can be exchanged for the currency of any country.

yeah, dollar is money but every country use it. if dollar used equally in the world, there is no problem. but every country use dollar and it is a chance for USA.

 

[Minor Axis]

Our whole economic system depends on continuing the current monetary arrangement, which means recycling the dollar is crucial.

Thank Capitalists/people for the current situation. Corporations only have one goal: make money. Is it long term, short term, is it for the long term good of the country or just short term self enrichment? You can't rely on corporations to do things that are good for the country because the standard of leadership varies from corporation to corporation, and you can't even rely on them to be smart, but know this- they don't work together for the good of the country. It's not part of their business model, but I don't know why it could not be. After all a good economy with lots of middle class citizens means you have a market where there are customers that "can" purchase your goods.

Anyway, that is why you need a government in place that is looking out for the good of the country. The last 8 years have been an abject failure in this regard and we the people voted them into office.

People... that's the problem!!!

 

[Strauss]

Corporations only have one goal: make money.

Lets have some fun with this bovine skat post.

Really? One goal: make money. What about non-profit and not-for-profit corporations?

 

[Alien Allen]

Anyway, that is why you need a government in place that is looking out for the good of the country. The last 8 years have been an abject failure in this regard and we the people voted them into office.

if you liberals ever had put up a decent candidate you would have had different results.

so lets see how things were before with liberals in the white house

Peanut Boy was a dud
Johnson was incompetent and as evil as Bush

meanwhile you liberals had two of the most liberal pseudo conservatives in Bush, Bush and Nixon.

I don't count Ford. He did not ask for the job.

Yeah I sure do love the way the govt helps us.

 

[Minor Axis]

Lets have some fun with this bovine skat post.

Really? One goal: make money. What about non-profit and not-for-profit corporations?

Your right, but I don't think non profits are the problem are they?

 

[Strauss]

Your right, but I don't think non profits are the problem are they?

So you admit that your first statement was bullshit. Not all corporations are formed for profit. Now lets move on to the second bullshit statement:

You can't rely on corporations to do things that are good for the country because the standard of leadership varies from corporation to corporation, and you can't even rely on them to be smart, but know this- they don't work together for the good of the country. It's not part of their business model, but I don't know why it could not be. After all a good economy with lots of middle class citizens means you have a market where there are customers that "can" purchase your goods.

Please explain to me or anyone else for that matter where it is written that corporations are suppose to be for the "good of the country"? And who defines "good for the country"; you, the liberals, the conservatives....who? And please explain the connection between "middle class" (a term upon which there is very little agreement), the economy and corporations? You seem (I'm being nice) to have your economic theories, legal theories and sociological theories mixed up.

 

[SgtSpike]

Thank Capitalists/people for the current situation. Corporations only have one goal: make money. Is it long term, short term, is it for the long term good of the country or just short term self enrichment? You can't rely on corporations to do things that are good for the country because the standard of leadership varies from corporation to corporation, and you can't even rely on them to be smart, but know this- they don't work together for the good of the country. It's not part of their business model, but I don't know why it could not be. After all a good economy with lots of middle class citizens means you have a market where there are customers that "can" purchase your goods.

Anyway, that is why you need a government in place that is looking out for the good of the country. The last 8 years have been an abject failure in this regard and we the people voted them into office.

People... that's the problem!!!

How the heck do you think America got to where is it now in a short 250 years from gaining independance? Oh yeah, that was capitalism too.

The reason capitalism is a good thing is it works on the natural selfishness of people to propel technology and innovation forward. There is no other economic system that can achieve the same thing as quickly as capitalism and a free market.