“Knock Knock”

12 Replies to ““Knock Knock””

1. I thinks it could be much worse than the productive nations simply dumping the greenback as trade/reserve currency. The decline of the dollar is an unpublished historic account of unaccountable monetization/banking practices running wild with greed then panicking in desperation at value shortfalls.
   If the true valuation of the USD was widely known it would crash like a stone. With virtually no tangible valuation to back the gross expansion of currency supply, the US population have been made chattel by their productivity being garnished to provide some form of promissory value to this bankrupt system. Naturally when the chattel population increases but becomes less productive and a large national welfare liability, anything deriving value from this decreased productive capacity will also devalue.
   This is not just the US mint’s problem, it is endemic in most over-monetized fiat systems which have large welfare liabilities encumbering the productive capacity that backs their currency – Europe is a good example.

2. I sat up and took note when Canada/China currency deal was reported during the newscast the other night. What shocked me (although it shouldn’t have) was how it was reported: like some sort of throw-away, nothing to see here, move along, this isn’t important. This is a big deal, although the repercussions won’t be felt for a while.

3. what Occam said. simply stated and true.

4. 4.5 trillion of QE? A mere bagatelle! No way it affects the currency!

5. Harper quietly goes about the chess game while the narccisist in chief lets nothing but leftie bs enter those lopears. Steven Harper will continue to cut deals for Canada like this one, bypassing the US dollar everyway his administration can, he knows their financial position is sitting on jello now, but will the worthless Canadian CBC CTV Globe Star media report it in a productive and constructive way, no, they will deride the deal and cut quickly to their favourite moron for a quote about blankets for the chilly. The enemy is the media who are complicit in the undermining of our great society minutemans wife.

6. America’s GDP, incidentally, was $16.8 trillion on World Bank numbers, and China’s was $16.2 trillion – within a whisker of knocking the US off its perch.
   Standard of living would be a truer comparison. Anyway, communists are known liars.

7. Nothing that the next global war won’t straighten out.

8. strad–were you talking about Obama or the Chinese? (hint-US unemployment figures)

9. tim…. it is the 100 trillion in unfunded liabilities as well as the roll over 17.5 trillion in debt along with the redemption of US treasuries each year. that number on top of the other numbers is 8,323,949,000,00. that is what was issued in 2014. the only thing that keeps the US dollar used as default currency is hope. one serious blip and the world wide house of economic cards will fall on it’s ass.

10. crap. I missed a zero. 8,323,949,000 000. it would be nice to be able to edit.

11. bartinski…………. I think harper was right in this. as a conservative I quite often have little or no respect for Harper. I think a little more conservative and a little less liberal would go a long way.

12. The U.S. greenback will the THE reserve currency until it isn’t.
    There is no safer place on earth than the U.S.. No one is going to invade it. It is the most stable country on earth.
    Unless China and Russia become well-functioning democracies the U.S. is under no threat of losing this currency of last resort status. And even then the us$ will have pre-eminence as a ultimate risk reserve.
    That is not to say that many transactions will be done so as to avoid using the greenback – and that will have a downward affect on the dollar but at bottom, if the world truly goes to hell in a hand-basket – the only country and currency that will be left standing will be the US.
    Tangentially a lot of that safety is due to the preeminence of the U.S. military. IMO the greatest return on investment ever made.