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Dollar doomed as China shifts to consumption

onebyone

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A changing US-China relationship means a forex correction is the only way to rectify the imbalance
By UWE PARPART And DAVID P. GOLDMANSEPTEMBER 20, 2020

A clerk counts renminbi banknotes at a bank in Huaibei city, east China's Anhui province. Photo: AFP
Morgan Stanley’s former Asia Chairman Stephen Roach and Bridgewater founder Ray Dalio, among others, have recently warned that the US dollar may lose a third of its value. A chronically low savings rate, a large current account deficit and a huge federal financing requirement, Roach argued, will force a sharp devaluation of the US currency.
Declining empires and declining currencies stumble along until something comes along to put them out of their misery. Post-WW2 Britain is a case in point. Once the dominant world power, it issued the world’s main reserve currency and ran a chronic current account deficit. It allowed its industrial base to deteriorate and its skills to stagnate. The market for British assets eventually cleared as the British pound fell by almost two-thirds between 1967 and 1985.
 

Beidou2020

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China must force payment transactions through the yuan-based CIPS payment clearing system. Move as much transactions away from the dollar-based CHIPS payment clearing system. If companies want access to the Chinese market they must use the CIPS system. Digital yuan must also be accelerated.
 

Nasr

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A changing US-China relationship means a forex correction is the only way to rectify the imbalance
By UWE PARPART And DAVID P. GOLDMANSEPTEMBER 20, 2020

A clerk counts renminbi banknotes at a bank in Huaibei city, east China's Anhui province. Photo: AFP
Morgan Stanley’s former Asia Chairman Stephen Roach and Bridgewater founder Ray Dalio, among others, have recently warned that the US dollar may lose a third of its value. A chronically low savings rate, a large current account deficit and a huge federal financing requirement, Roach argued, will force a sharp devaluation of the US currency.
Declining empires and declining currencies stumble along until something comes along to put them out of their misery. Post-WW2 Britain is a case in point. Once the dominant world power, it issued the world’s main reserve currency and ran a chronic current account deficit. It allowed its industrial base to deteriorate and its skills to stagnate. The market for British assets eventually cleared as the British pound fell by almost two-thirds between 1967 and 1985.
The end of america is coming and to usher it's demise, will be World War Three. It is what the zionists will use as a trigger mechanism to bring down the United States. Note that their aim (zionists) is to bring about WW3 in order to decapitate the world powers, fighting off each other. The west in particular, is the diseased child, as it struggles to keep it's supremacy over the world. It will, like the Third Reich, Napoleon's France and the British Empire have done in the past, seek war that would suck in as many countries as possible in order for it at first halt it's decay and use the war to usurp resources of other countries (if successful in war) of other countries to keep itself afloat. Napoleon's France failed, the Third Reich of the Nazis failed miserably, so did the british empire, as did the Soviet empire. And now, it's the turn of the zionist-owned american empire. The last one standing (in the Middle East) will be israel, which will dominate the region after WW3 wipes out majority of the west and weakens other world powers.

Only two powers shall rise from the ashes to challenge and defeat the zionists's b@$tard child, israel. You who seek knowledge from the Holy Qur'an, know who those two powers are. Make no mistake, zionists will use a two prong attack to weaken and/or eliminate israel's nearest challenger. One of which will be WW3 and the other will be electronic monetary attack which will castrate all known modern world wealth. It will be back to the stone age as far as global trade is concerned. Those countries who have switched to Gold Reserves, will be able to withstand the brunt of zionist's electronic monetary strikes.

One last thing, WW3 would be unlike any other. A hint, death and destruction will be "concentrated!"
 

SuperStar20

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These chinese posters and their cheerleaders are delusional :hitwall::hitwall::hitwall:. Anything is possible on PDF. First try to use yuan in HongKong.
 

925boy

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Trump helped with it because of his interference with the Federal reserve as well as throwing sanctions around like no tomorrow.
Also, Trump has been a disaster economically because he sees and handles govt finances and money as his own personal business empire money- NOT THE SAME THING, especially for a narcissist like Trump...
 

Feng Leng

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After decoupling, US dollar will lose a third of its value but its economic growth will remain sluggish.
 

FairAndUnbiased

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Also, Trump has been a disaster economically because he sees and handles govt finances and money as his own personal business empire money- NOT THE SAME THING, especially for a narcissist like Trump...
being a public company CEO vs. being a private company CEO is very different - you can inherit private companies.

a public company is less difficult to manage than an entire economy.
 

bshifter

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It is accelerating. Good to see the downfall of the US Dollar declining at a rapid rate. History is repeating look at what happened to the British Pound.
 

zectech

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Read the article in the link. Ron Paul and other libertarians have been arguing in 2020 that the Federal Reserve and Washington are using this plandemic to sure up treasuries and the dollar, covering for the bubble that was going to burst soon, without the plandemic. The bubble was going to burst anyway.

In 2008, the banks were blamed. They did not want another repeat of 2008 - blame the US for another financial meltdown, so the plandemic is conveniently blamed. And also, the Fed buys up bonds and balloons their asset sheets to starve off a run from dollars. Dollars are in demand because of this crisis.

Ray Dalio is a newbie in dollar collapse. The UK pound had the dollar as back up to world's reserve. The EU is hated by British and Amerikans. The Euro is not going to be the replacement of the dollar.

There is no decoupling crisis from dollars to gold as in the 70s. That already happened. So dollars inflate to defeat a collapsing dollar. Print your way to dollars increasing in value. Hyperinflation of dollars leads to the collapse of other currencies' value, as I predicted.

The Weimar Republic would have loved to have been the world's reserve currency, viewed as more valuable than gold to street morons and buffoons. Hyperinflate to bubbles and booms. And use excess dollars to short metals and FOREX. Dollar keeps going up is end result.

You have to out strategize Washington, the dollar is not going to collapse on its own.
 

8888888888888

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Purchase power talks, if half or most of the world considers the dollars as pointless it will not be use espically if they think they can just print the dollar and cause inflation.
 

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