Originally Posted by
2StgTurbine
You acknowledge the US uses the dollar as a weapon, but you aren't acknowledging that China does the same with the yuan. The only countries that will actually switch to the yuan are doing it out of desperation. That's why China is "investing" heavily in Africa and South America. Those are the only places that are willing to take that risk.
Yes, but the Saudi's are really upset with what we are doing, we have really weaponized the dollar. Did you know we are now stealing dollar reserves from other countries to pay for the interest on our debt so we dont default?? So countries are seeing this and will want to get out, the country seeing this the most is Saudi Arabia. This is why they are having meetings with China and announcing that they are considering the Yuan for Oil. Have you heard of the BRICS countries? Brazil, Russia, China, India, South Africa. Just those countries alone will use the Yuan, then the US defaults and then a domino effect and everyone gets out of the dollar. This is the de-dollarization. When the US defaults, even our allies wont be left holding the bag. There is no way around this... The petro-dollar is what kept our standard of living so high compared to the world, now we lose all that power and the dollar will have hyper inflation and it will impoverish most of us. When we default, its over. Credit freezes up, no more lending, $30 milk, $500 to fill your gas tank, $1000 to fill your truck,probably more. its not gonna be pretty. We will be Argentina and just another country, no more good standard of living. Now is the time to consider a hedge on your money.. thats all