Hello There, Guest! (LoginRegister)

Post Reply 
BRICS drop the dollar
Author Message
ClairtonPanther Offline
people need to wake up
*

Posts: 25,056
Joined: Mar 2005
Reputation: 777
I Root For: Pitt/Navy
Location: Portland, Oregon

Donators
Post: #1
BRICS drop the dollar
And plan to trade and give loans in their own currencies.

http://politicalmetals.com/2011/04/15/an...p-the-usd/

Could be the beginning of the end for the Dollar being the Worlds Reserve Currency.
04-17-2011 07:51 PM
Find all posts by this user Quote this message in a reply
Advertisement


HtownOrange Offline
All American
*

Posts: 3,164
Joined: Nov 2010
Reputation: 156
I Root For: Syracuse
Location:
Post: #2
RE: BRICS drop the dollar
(04-17-2011 07:51 PM)animus Wrote:  And plan to trade and give loans in their own currencies.

http://politicalmetals.com/2011/04/15/an...p-the-usd/

Could be the beginning of the end for the Dollar being the Worlds Reserve Currency.

They have the goal of lessening the impact of the U.S. and Western Europe on the world economy. This is a bold step, though trade is still measured in dollars.
04-18-2011 02:24 PM
Find all posts by this user Quote this message in a reply
ClairtonPanther Offline
people need to wake up
*

Posts: 25,056
Joined: Mar 2005
Reputation: 777
I Root For: Pitt/Navy
Location: Portland, Oregon

Donators
Post: #3
RE: BRICS drop the dollar
Yea its a big time bold step.

I was always curious if the Dollar lost its status as the Worlds Reserve Currency could be a good thing or not LONG TERM. Short term it would be disastrous. Getting past the short term effects and rebuilding the nation would force the Government to be more conservative with its money. The worst long term effect would be we would need to buy another currency to trade Oil with. That will cause gas prices to jump dramatically.
04-18-2011 06:50 PM
Find all posts by this user Quote this message in a reply
Advertisement


HtownOrange Offline
All American
*

Posts: 3,164
Joined: Nov 2010
Reputation: 156
I Root For: Syracuse
Location:
Post: #4
RE: BRICS drop the dollar
Will the government curtail spending? If not, inflation could be the result of the dollar devaluation (whether replaced by another currency or not). That is the main benefit to these countries, if the U.S. faces inflation, then they can stabilize and gain influence. In the short term and medium terms, this can be devestating to an economy. Even in the long term (in this case more than 50 years) a country may not be able to recover to its past levels.

A rising tide lifts all boats, but in this case, the objective is to bring a currency down. When a target is brought low, this usually has a negative effect on everyone, or at least a broader population than originally desired.

The truly sad fact of the matter is that the U.S. has far more natural resources and the technology to not only stem the tide of our downfall, but to actually stabilize the world economy. Washington simply has no will power to do anything that does not directly provide them more power.
04-19-2011 09:25 AM
Find all posts by this user Quote this message in a reply
Cubanbull Offline
Hall of Famer
*

Posts: 22,617
Joined: May 2002
Reputation: 392
I Root For:
Location:
Post: #5
RE: BRICS drop the dollar
Its very simple. The USA should let them all know that if the Dollar is dropped as the worlds currency, then they will all be on their own for protection. We would move our troops out and the Saudi's, Japan, south korea and the rest are on their own. See how quick they change their minds.
04-20-2011 08:25 PM
Find all posts by this user Quote this message in a reply
Advertisement


ClairtonPanther Offline
people need to wake up
*

Posts: 25,056
Joined: Mar 2005
Reputation: 777
I Root For: Pitt/Navy
Location: Portland, Oregon

Donators
Post: #6
RE: BRICS drop the dollar
(04-20-2011 08:25 PM)Cubanbull Wrote:  Its very simple. The USA should let them all know that if the Dollar is dropped as the worlds currency, then they will all be on their own for protection. We would move our troops out and the Saudi's, Japan, south korea and the rest are on their own. See how quick they change their minds.

Essentially what I want to see happen anyways. If losing that status forces us to do so. Then I'm actually for it. Fluck being the worlds police and nation builders while our country falls apart from within.
04-20-2011 08:34 PM
Find all posts by this user Quote this message in a reply
HtownOrange Offline
All American
*

Posts: 3,164
Joined: Nov 2010
Reputation: 156
I Root For: Syracuse
Location:
Post: #7
RE: BRICS drop the dollar
Though I personally agree that I would like to pull our troops home, the reality is that when we started marketing goods overseas we had to take on protecting shipping lanes to keep the markets open. Britain did the same, as did the Spanish, Portugese, Dutch, etc. That is why the Marines invaded Libya, some 200 years ago, to stop the Barbary pirates. (Been trouble with Libya since, huh?)

I wish other contries would step up and assist in this duty around the world, but few do and those few have more limited resources than we do.

Agree with you on nation building. If a nation causes a problem, we should destroy them proportionately and walk away. The only nation building we should get invovled in is when it is so clearly in our national interest (defense, economics) that we have supermajority support for it (approximately 70%).
04-21-2011 10:12 AM
Find all posts by this user Quote this message in a reply
Advertisement


bitcruncher Offline
pepperoni roll psycho...
*

Posts: 61,859
Joined: Jan 2006
Reputation: 526
I Root For: West Virginia
Location: Knoxville, TN
Post: #8
RE: BRICS drop the dollar
(04-20-2011 08:34 PM)animus Wrote:  
(04-20-2011 08:25 PM)Cubanbull Wrote:  Its very simple. The USA should let them all know that if the Dollar is dropped as the worlds currency, then they will all be on their own for protection. We would move our troops out and the Saudi's, Japan, south korea and the rest are on their own. See how quick they change their minds.
Essentially what I want to see happen anyways. If losing that status forces us to do so. Then I'm actually for it. Fluck being the worlds police and nation builders while our country falls apart from within.
After WWII, the President should have taken Patton's or MacArthur's advice, and kept up the fighting until the entire world disarmed. Then this question wouldn't be at issue, the military industrial complex wouldn't be making a fortune in the world's trouble zones or having much influence with the government, and we'd be dealing with an entirely new set of problems...
04-21-2011 11:50 AM
Visit this user's website Find all posts by this user Quote this message in a reply
HtownOrange Offline
All American
*

Posts: 3,164
Joined: Nov 2010
Reputation: 156
I Root For: Syracuse
Location:
Post: #9
RE: BRICS drop the dollar
Bit, I agree with your sympathies, but realistically, a tyrant will arise. Even if we (U.S.) remain the sole superpower, there will arise tyrants that will need to be squashed. It's like the bully on the playground, if they want someone else's toy, they will do what they think they can get away with to get it.

P.S. Cool reference to what the American Generals saw and understood. Many forget that the Soviet Union had already exterminated their intelligensia, artists, leaders, etc. and they knew what Stalin was about. Perhaps the Chinese massacres, Vietnam, Cambodia, Korea, etc. could have been avoided had we followed their advice.
04-21-2011 12:53 PM
Find all posts by this user Quote this message in a reply
Advertisement


bitcruncher Offline
pepperoni roll psycho...
*

Posts: 61,859
Joined: Jan 2006
Reputation: 526
I Root For: West Virginia
Location: Knoxville, TN
Post: #10
RE: BRICS drop the dollar
Dude, the Tyrant would be the entirely new set of problems I mentioned...

The problem with politics is that it attracts the type of people who want the power to run roughshod over the rest of society, so they can create whatever it is they want to create. You can look back through history for examples. What each conqueror, or villan, depending on whether or not they were on the winning side, had some ideal in mind. What and who varied, depending on the time period...

The vast majority of society would just as soon get on with their lives without anyone interfering with them. But the people attracted to the power of government are, for the most part, people you wouldn't trust any father than you could throw a building. If they aren't that type when they get there, they soon will be. It's the nature of the beast...

No matter what you do, there will always be problems with one segment of society or another - and a vast majority who could give a hoot...
04-21-2011 01:59 PM
Visit this user's website Find all posts by this user Quote this message in a reply
HtownOrange Offline
All American
*

Posts: 3,164
Joined: Nov 2010
Reputation: 156
I Root For: Syracuse
Location:
Post: #11
RE: BRICS drop the dollar
Agreed, Bit. However, the issue posed by Cubanbull is isolationist (militarily) and would require us to get involded again or drop foreign trade. The third option is to rely on others for our security beyond the shores.

Unfortunately, your assessment of politicians is spot on. There was a time when public SERVICE was actually service, not an opportunity to screw everyone else and make bank while doing so.
04-21-2011 02:29 PM
Find all posts by this user Quote this message in a reply
Cubanbull Offline
Hall of Famer
*

Posts: 22,617
Joined: May 2002
Reputation: 392
I Root For:
Location:
Post: #12
RE: BRICS drop the dollar
Actually Im not an isolationist. all Im saying that if these countries wnat to demote the dollar from the world standard you threaten them with pulling out and let them fend for themselves. As long as US is the world's military power and the one that many governments rely to police the world, there should be NO TALK of devaluating the dollar.

I do agree with you that our elected officials are for the most prt intereted in lining their pockets as opposed to doing whats best for the country and this has been exarbated by the power of multi national companies that have no close ties to a country.
04-21-2011 04:10 PM
Find all posts by this user Quote this message in a reply
Post Reply 




User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2024 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
We allow third-party companies to serve ads and/or collect certain anonymous information when you visit our web site. These companies may use non-personally identifiable information (e.g., click stream information, browser type, time and date, subject of advertisements clicked or scrolled over) during your visits to this and other Web sites in order to provide advertisements about goods and services likely to be of greater interest to you. These companies typically use a cookie or third party web beacon to collect this information. To learn more about this behavioral advertising practice or to opt-out of this type of advertising, you can visit http://www.networkadvertising.org.
Powered By MyBB, © 2002-2024 MyBB Group.