Is the death of the dollar near?

[japetus]

I'd be careful if I were you. It's probably a ruse to lure you in and give you a savage beating to death. We've all witnessed how hateful and bloodthirsty he his towards non-Australians; especially Americans.

He sent me a video of him driving, very wildly and out of control, on his Harley. Swinging nunchucks in the air, making random noises. Unhinged!

 

[VonBonfire]

I'd be careful if I were you. It's probably a ruse to lure you in and give you a savage beating to death. We've all witnessed how hateful and bloodthirsty he his towards non-Australians; especially Americans.

That doesn't mean we don't love him. Love cannot be conquered.

 

[MadAsAHatter]

He sent me a video of him driving, very wildly and out of control, on his Harley. Swinging nunchucks in the air, making random noises. Unhinged!

I thought nunchucks were outlawed there.

 

[MadAsAHatter]

That doesn't mean we don't love him. Love cannot be conquered.

You can love on him all you want. I'm indifferent about him.

 

[Geo]

Other countries don't back their currencies with the dollar.

Welp, you are wrong.

Educate yourself or not, I don't really care, but maybe you shouldn't post like you know what you are talking about.

 

[MadAsAHatter]

maybe you shouldn't post like you know what you are talking about

When has that ever stopped people from posting?

 

[Bad Brain]

Welp, you are wrong.

Educate yourself or not, I don't really care, but maybe you shouldn't post like you know what you are talking about.

I think you are confusing that other countries hold US dollars in their central banks as a reserve currency. That is different than being backed by the dollar. World central bank's hold gold and a variety of currencies as well.

 

[Geo]

I think you are confusing that other countries hold US dollars in their central banks as a reserve currency.

OK, why do they do that? Let's take the long road.

 

[Bad Brain]

OK, why do they do that? Let's take the long road.

The same reason they hold gold and a variety of world currencies.

 

[Geo]

The same reason they hold gold and a variety of world currencies.

Ok, you are getting warm now. So, what happens when they no longer hold dollars? Where do those dollars go?

 

[Bad Brain]

Ok, you are getting warm now. So, what happens when they no longer hold dollars? Where do those dollars go?

They go wherever they are traded to.

 

[Geo]

They go wherever they are traded to.

How do they hold those dollars? Pallets of cash?

 

[japetus]

You can love on him all you want. I'm indifferent about him.

Man, by nature, is easily mislead. We live our lives in the blink of an eye.

 

[Bad Brain]

You can love on him all you want. I'm indifferent about him.

I think he's a bit of a prick. But a likable one

 

[Findthetone1]

Man, by nature, is easily mislead. We live our lives in the blink of an eye.

That blink is probably even faster when you harbor deep anger and massive envy at the same time for a country you aren't even a part of.

 

[Bad Brain]

How do they hold those dollars? Pallets of cash?

In some cases, yes, albeit a small portion. What are you getting at?

 

[VonBonfire]

You can love on him all you want. I'm indifferent about him.

I don't have to agree with someone's religion, worldview, or politics to love them. *shrugs

 

[Geo]

In some cases, yes, albeit a small portion. What are you getting at?

Do you think they might hold interest bearing US treasuries or bonds?