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UkraineIsTotallyFucked says
They also can not trade if the US Navy starts seizing or even sinking their shipping, should it come to being serious.
Can you guess why US is letting in so many illegals?
So the Russians fly cargo planes filled with gold to pay for things.
With the sole option of using coins, it was physically difficult to complete share transactions that involved several thousands of guilders. Therefore, every exchange trader that mattered had an account at the Wisselbank. The Wisselbank introduced a book-entry system that enabled customers to settle payments with other account holders. ...
The customers of the bank felt secure about the fact that their capital was being kept in the basement of the city hall and that the city of Amsterdam guaranteed their assets. The former entrance of the Wisselbank in the old city hall on the Dam Square – the current palace – is still marked by an image of Mercury, the Roman god of trade.
Partly because of the Wisselbank, that would continue to exist until 1820, Amsterdam could develop into a global financial center.
Can you guess why US is letting in so many illegals?
Not sure what is happening. Look the "news",
https://www.businessinsider.com/undocumented-immigration-us-recession-outlook-job-market-economy-soft-landing-2024-3?op=1
What does this have to do with the subject of the Bullshit That Is BRICS De-dollarization?
guess no one knows why US is allowing so many illegals.
In future there will be silos, each country will have its own sphere of influence. They will trade within that sphere mostly. Hence they will not need dollars.
Why US needs the illegals. It needs them because citizens will not be willing to work for pennies as they have many defined benefits which will force them not to work for "free".
Without this labor US cannot make affordable products as it was importing them before. Now because of de-dollarization US has to make its own products for its consumption.
And with money being tight US will not have much money to spend towards defense.
Don't do drugs and post on PatNet at the same time.
indc says
guess no one knows why US is allowing so many illegals.
In future there will be silos, each country will have its own sphere of influence. They will trade within that sphere mostly. Hence they will not need dollars.
Why US needs the illegals. It needs them because citizens will not be willing to work for pennies as they have many defined benefits which will force them not to work for "free".
Without this labor US cannot make affordable products as it was importing them before. Now because of de-dollarization US has to make its own products for its consumption.
And with money being tight US will not have much money to spend towards defense.
Don't do drugs and post on PatNet at the same time.
indc says
guess no one knows why US is allowing so many illegals.
In future there will be silos, each country will have its own sphere of influence. They will trade within that sphere mostly. Hence they will not need dollars.
I'm not sure if international trade will completely shut down.
America and European countries will work closely which is same as now.
And dollar usage will drastically come down.
"Can you guess why US is letting in so many illegals?"
Don't do drugs and post on PatNet at the same time.
UkraineTotallyFucked
https://twitter.com/MarioNawfal/status/1768579446221496773
TYSON FOODS HIRES ILLEGAL IMMIGRANTS WHILE LAYING OFF U.S WORKERS
Okay just like what is happening now and I'll give credit to Biden as far as electronic manufacturing investments in the USA
What does that mean for standard of living or quality of life in the USA ?
So?
What does this have to do with BRICS and the bullshit thereof?
Nothing.
Same for real estate developers going bankrupt.
Nope. The opposite. Demand for dollars will rise.
.
I remember from personal finance classes that you want to earn 4% plus annual inflation. So if annual inflation steadies at 3%, then you need to earn 7%.
This is based on premise you deduct around 3.5% a year as like an annuity and want your savings to appreciate at least at the rate of annual inflation.
Vanguard has a fund like Lifestrategy Conservative Growth Fund (60 bond/40 stocks) for this type of circumstance.
.
10 year Total rate of return on it is 4.68%. CPI increase has been 2.65% over the last 10 years. Puts the inflation adjusted about 2%, and that is with the stock market at an all time high. Better have it in an IRA or it sucks even more after taxes.
https://investor.vanguard.com/investment-products/mutual-funds/profile/vscgx#performance-fees
You mean that if the 10 Year Treasury is paying at least 2% greater than the government-reported annual inflation such as PCE, then it will mean there will be more demand for "dollars" as in 10 Year Treasuries ?
UkraineIsTotallyFucked
Why do you think Trump is talking about De-dollarisation now?
UkraineIsTotallyFucked
Why do you think Trump is talking about De-dollarisation now?
That is why Trump realizes we have to be as energy independent as possible, as especially food prices will be hard hit with an increase in the price of diesel.
Perhaps also this means that the price of the cheapest laptop at Walmart goes up 50% because of de-dollarization.
And all of that will be sold for dollars. So much for 'de-dollarization'.
They will then be made in North America and a few other places.
but at a higher price because of de dolarization (and weakened USA dollar).
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This is a 1hr video, but very good explanation of coming de-dollarization. Take sometime to listen to it.
I dont agree 100% with the points in the video but would like any financial experts thoughts about it.