The USD As A Reserve Currency And What’s Keeping It There
Jeff Deist joins me today to recap a recent presentation he gave focused on the USD and it’s roll as the world’s reserve currency. We both believe it will not last forever in this roll but the options of what could take over are wide ranging. Listen in a let us know what you think.
Click download link to listen on this device: Download Show
In the long run, all the dollar has ever done is drop. Rising against the euro or yen is not the same as rising in purchasing power.
Humor?
Q.What do Kilauea and Alex Jones have in common?
https://www.youtube.com/watch?v=1LTWmegJvbM
A. They blow their tops every now and then….
https://www.youtube.com/watch?v=rFZ3OPnXm9o
Off topic….educational?
I think Jeff is on the money, however I don’t know whether he sees that spending outrageous amounts of money on ‘defence’ (against who I don’t know) is the major problem. It broke the Romans, it broke the Spanish, it broke the British, how can a country spend more than the next 8 countries and have a government that says it needs to spend more
next 8 countries combined
Mark my words, debt is going to eat this country alive.
The gooberment debt has been out of control for a long time.
I tried to get people to care when the Concord Coalition started.
You boys remember the Concord Coalition? It was started over a quarter century ago.
Anyway, no one cared back then and no one cares now. Just ask Bobby Corker. He knows nobody cares…his words, not mine. Just listen to him speak.
You got to unmute the twitter video and then you can hear him say it.
And you got to turn your volume up pretty loud.
But then you can listen to the people laugh. They think nobody caring about this unfolding disaster is funny. There you go. Sums it up perfectly. A nation of sheep lead by a pack of criminals.
Corker………..is part of the problem……..jackass congressmen…..not worth a damn
I never followed his voting record. My guess is regarding fiscal sanity, he’s just a great actor.
And I don’t know why the Concord Coalition is still around. They are about as effective as a one legged man in a butt kicking contest.
The Concord Coalition’s advocacy centers on ending deficit spending and promoting a balanced budget in the U.S. federal government. The group’s mission statement is to educate “the public about the causes and consequences of federal budget deficits, the long-term challenges facing America’s unsustainable entitlement programs, and how to build a sound foundation for economic growth.”
That’s a hoot.
WHAT THE HECK………GOLD should have Jumped Big Today………….Turkey……
https://www.zerohedge.com/news/2018-05-25/gold-surges-record-turkey-and-other-emerging-markets-currencies-collapse
Gold is manipulated….period……no further comment necessary……..
Nobody knows nothin’… 🙂
🙂 🙂
🙂
Ref. the discussion about possible trillion in interest rates. I doubt it would really matter. Debt doesn’t really matter! The war criminal VP Dick Cheney said so. He seems to have been correct.
In the long run I do not see how the US dollar can do other than drop.
I believe we are now close to or AT THE TIPPING POINT.
We would see this better if the US dollar index was correctly weighted against trade.
(The weakness of Europe has been obscuring the dollar’s decline against much of the world currencies.)