End of Dollar being moved along much quicker?
03-15-2022, 10:26 AM
#1
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Joined APC: Feb 2019
Posts: 133
End of Dollar being moved along much quicker?
The end of the dollar moving faster than I thought it would be....First, its important to know how the World reserve currency/petro-dollar works, then it will become easy to understand how this all works and why we have all been spoiled for many decades with a much better standard of living.
Saudi Arabia is now considering allowing China to use the Chinese Yuan to buy Oil. Further destroying the Petro-Dollar which was agreed on for many decades to purchase Oil. This is what I have warned about for a long time. You all think this inflation is bad now... there's about to be trillions and trillions, i dont even know anymore how many dollars will be looking for a new home as 25% of Oil being purchased from the Saudi's will be from the Yuan and not the dollar. Of course this is 1 step, then the next step is 50%. Then all other countries that are tired of the dollar being weaponized will then also beable to buy Oil without using the dollar.
Here comes the end of the dollar as the world reserve currency... its very soon and $300-$400Hr as a Captain will be not much money at all as the value of the dollar will plummet and buying power will be lost like we have never seen before. Our standard of living is going plummet. Like ive been saying for awhile, this is all one big spiderweb and to think sanctions will hurt Russia and Putin is just ignorance. This was all 30+ years in the making and designed to bring down the west and sadly our government(both sides of the aisle) is beyond corrupt. Buy Gold, Silver, maybe some Bitcoin, Ethereum, storable food for you and your families because our way of life is about to get destroyed. Every time the collapse of the world reserve currency happens and replaced with another currency, that country that loses it's status becomes very brutally violent (we are already seeing the beginning) as poverty skyrockets, crime rises, cost of living is not attainable by majority of population. Some other advice... all your 401k's, retirement funds will literally be worthless as it will lose all of its buying power. Consider moving some retirement funds into Gold, Crypto if its available. Bottomline, do whatever you can to get away from dollars and into hard assets. Anyone holding dollars will be left holding the bag.
I say all of this to not scare people, but to be a warning and to possibly help some people on here make some moves before it gets really bad, its already beginning, but once the dollar loses its reserve currency, its not going to be fun here. Saudi's considering moving to the Yuan and getting away from the Dollar is going to be the nail in the coffin. Inflation will become Hyper-Inflation. I'll be a happy camper when all my hard assets will not lose value while the dollar gets destroyed. Im hoping you can all do the same also. Good luck and VOTE NO on all your contracts! Being stuck on a 5yr contract sitting at $300Hr for CA and $175Hr for FO's wont be fun trying to survive with a family because it will be impossible to do.
Saudi Arabia is now considering allowing China to use the Chinese Yuan to buy Oil. Further destroying the Petro-Dollar which was agreed on for many decades to purchase Oil. This is what I have warned about for a long time. You all think this inflation is bad now... there's about to be trillions and trillions, i dont even know anymore how many dollars will be looking for a new home as 25% of Oil being purchased from the Saudi's will be from the Yuan and not the dollar. Of course this is 1 step, then the next step is 50%. Then all other countries that are tired of the dollar being weaponized will then also beable to buy Oil without using the dollar.
Here comes the end of the dollar as the world reserve currency... its very soon and $300-$400Hr as a Captain will be not much money at all as the value of the dollar will plummet and buying power will be lost like we have never seen before. Our standard of living is going plummet. Like ive been saying for awhile, this is all one big spiderweb and to think sanctions will hurt Russia and Putin is just ignorance. This was all 30+ years in the making and designed to bring down the west and sadly our government(both sides of the aisle) is beyond corrupt. Buy Gold, Silver, maybe some Bitcoin, Ethereum, storable food for you and your families because our way of life is about to get destroyed. Every time the collapse of the world reserve currency happens and replaced with another currency, that country that loses it's status becomes very brutally violent (we are already seeing the beginning) as poverty skyrockets, crime rises, cost of living is not attainable by majority of population. Some other advice... all your 401k's, retirement funds will literally be worthless as it will lose all of its buying power. Consider moving some retirement funds into Gold, Crypto if its available. Bottomline, do whatever you can to get away from dollars and into hard assets. Anyone holding dollars will be left holding the bag.
I say all of this to not scare people, but to be a warning and to possibly help some people on here make some moves before it gets really bad, its already beginning, but once the dollar loses its reserve currency, its not going to be fun here. Saudi's considering moving to the Yuan and getting away from the Dollar is going to be the nail in the coffin. Inflation will become Hyper-Inflation. I'll be a happy camper when all my hard assets will not lose value while the dollar gets destroyed. Im hoping you can all do the same also. Good luck and VOTE NO on all your contracts! Being stuck on a 5yr contract sitting at $300Hr for CA and $175Hr for FO's wont be fun trying to survive with a family because it will be impossible to do.
03-15-2022, 12:38 PM
#4
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Joined APC: Feb 2010
Posts: 2,278
The end is nigh!
For my entire career, I've had to sit next to people claiming that the dollar was about to collapse. Just like doomsday predictions, the date of the collapse is constantly getting pushed forward.
Pilots have been too busy becoming experts in virology, they let their global economics credentials lapse. When it comes down to it, people want to put their wealth in institutions they trust. Since we live in America, we are hyper-aware of all of our problems. That distorts our perception of reality. Do you really think China doesn't have its own crippling economic issues? I don't see any major country tying their economy to the Yuan. Our institutions may be on the decline, but the rest of the world is declining at a great rate.
For my entire career, I've had to sit next to people claiming that the dollar was about to collapse. Just like doomsday predictions, the date of the collapse is constantly getting pushed forward.
Pilots have been too busy becoming experts in virology, they let their global economics credentials lapse. When it comes down to it, people want to put their wealth in institutions they trust. Since we live in America, we are hyper-aware of all of our problems. That distorts our perception of reality. Do you really think China doesn't have its own crippling economic issues? I don't see any major country tying their economy to the Yuan. Our institutions may be on the decline, but the rest of the world is declining at a great rate.
03-15-2022, 01:06 PM
#5
All is fine at .79
Joined APC: Sep 2016
Position: Paahlot
Posts: 4,083
Well if your house is paid off and the rest of your sh!t and you don’t buy a new toy every 3 months and you don’t have 3 ex wifes and a second family stashed away you could actually live on a whole lot less then what Mr SkyGod needs.
03-15-2022, 01:38 PM
#6
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Joined APC: Feb 2019
Posts: 133
Originally Posted by 2StgTurbine
The end is nigh!
For my entire career, I've had to sit next to people claiming that the dollar was about to collapse. Just like doomsday predictions, the date of the collapse is constantly getting pushed forward.
Pilots have been too busy becoming experts in virology, they let their global economics credentials lapse. When it comes down to it, people want to put their wealth in institutions they trust. Since we live in America, we are hyper-aware of all of our problems. That distorts our perception of reality. Do you really think China doesn't have its own crippling economic issues? I don't see any major country tying their economy to the Yuan. Our institutions may be on the decline, but the rest of the world is declining at a great rate.
For my entire career, I've had to sit next to people claiming that the dollar was about to collapse. Just like doomsday predictions, the date of the collapse is constantly getting pushed forward.
Pilots have been too busy becoming experts in virology, they let their global economics credentials lapse. When it comes down to it, people want to put their wealth in institutions they trust. Since we live in America, we are hyper-aware of all of our problems. That distorts our perception of reality. Do you really think China doesn't have its own crippling economic issues? I don't see any major country tying their economy to the Yuan. Our institutions may be on the decline, but the rest of the world is declining at a great rate.
Clearly you have no idea how the world works bud...Yes, everybody has said the dollar will collapse, i know that, but it takes time to do so. The whole world currently has to buy dollars to buy Oil. This is currently being broken by the Saudi's who only accept dollars for that Oil. They are announcing today that they are considering accepting Yuan for Oil. Do you understand what that means sir? That means that the time is NOW or in the very close future is when the world can use other currencies to purchase Oil instead of dollars. Meaning the Yuan may be the 1st currency other than the dollar that can be used. But, most countries can leave the dollar at that time also and then just buy Yuan to buy the Oil instead. It really doesnt matter if the countries economy is strong or not. Its just a transaction. Look at the debt to GDP the US has... LOL This will strengthen the Yuan tremendously which will give China new powers. But, hey many of our government leaders and elite have been knee deep in Chinese corruption, so they wont be stopping it and all the major corporations have been supporting China as of late, so they will all be onboard. China will continue to be propped up. So, understand how the petro-dollar system actually works first. Now, let's think a little bit shall we.... What does the US actually export at this time? the dollar... thats it. Do you now start to see why the US was de-industrialized for 25 years? When the dollar will no longer be used, the US literally goes from exporting the dollar to exporting nothing! What do you think will happen when the world no longer uses the dollar?? it literally becomes worthless and as good as toilet paper. We will be very poor in a very fast time. Time to wakeup and learn about the dollar and the petro dollar system so you might have a chance to atleast help yourself a little bit.
Now lightbulbs should be going off.. do you now see why they hated Trump?? Trump(which I have my problems with) tried to turn it around and stop 30yrs of de-industrialization to take down the US and hand the keys over to China. This has happened all throughout history, many countries held the World Reserve Currency status, France, British before us. Decisions are made in this world 30-40yrs in advance. The decision was made 30 years ago to make China the next super power and give them the new status. Thats why you saw all this de-industrialization and jobs leaving the US for so long via treaties and China entering the WTO. Trump put that in jeopardy and they did whatever possible to stop him. So now they get him out of the way to continue with shutting down energy, gas lines, pausing leases to derail US Oil exporting and independence. Now, we go from #1 temporarily to being dependent which now puts the Chinese yuan in that position to becoming the reserve currency status. Again, im not a big Trumper or a republican or democrat these are just what has been happening for quite some time. So get ready, the time is now to end the Dollar and its being announced.
Last edited by Bluesteal; 03-15-2022 at 02:04 PM.
03-15-2022, 02:00 PM
#7
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Joined APC: May 2021
Posts: 421
Originally Posted by 2StgTurbine
When it comes down to it, people want to put their wealth in institutions they trust.
03-15-2022, 02:07 PM
#8
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Joined APC: Feb 2010
Posts: 2,278
Originally Posted by Bluesteal
Clearly you have no idea how the world works bud...
03-15-2022, 02:08 PM
#9
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Posts: 2,278
Originally Posted by chihuahua
This is exactly the problem. The US govt has proven over the last three weeks that it is no longer an institution that can be trusted. Do something the Washington regime doesn't like, you get cut off from using the dollar. This is why countries will now be dumping their dollars and looking for a different unit of account to settle trade in.
03-15-2022, 02:11 PM
#10
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Joined APC: Feb 2022
Posts: 443
Originally Posted by chihuahua
This is exactly the problem. The US govt has proven over the last three weeks that it is no longer an institution that can be trusted. Do something the Washington regime doesn't like, you get cut off from using the dollar. This is why countries will now be dumping their dollars and looking for a different unit of account to settle trade in.
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