GREY:CRIUF - Post by User
Comment by
deisman03on Dec 10, 2017 2:10am
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Post# 27125621
RE:RE:RE:RE:RE:if you're not buying
RE:RE:RE:RE:RE:if you're not buying You know, I was also expecting the US dollar to slide. There are a lot of things propping it up though. For instance the US is now very close to being the largest exporter of refined oil products in the world. Also industry and jobs do seem to be willing to return to the US.
China, holds so much US cash they have already stated that the US currency is one of the main props to their own currencies (yuan/renmimbi). China is now the largest recipient of US oil, both refined and unrefined.
The whole world is in a constant state of flux right now. The Chinese are being pushed every day to make their Yuan the fiat currency of the world. If not the primary then at least a second choice. They are very reluctant to even give in a little bit. Every nation that allows their currency to act as the primary fiat currency in the world ends up with severe governmental issues, especially lethargy amongst their extremely wealthy and in upper levels of government responsible for promoting the growth needed to sustain the costs of running an inflated government which has been in the habit of creating Bureaucracies to hire people and make their unemployment figures look lower. Canada is following close behind.
We do live in interesting times.
IMHO, if everything is on the up and up with this trust, it will do well for all of us. Whether or not currencies will have a great effect is to be seen.