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Author Topic: Can the US win the currency war?  (Read 4246 times)
Possum577
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July 08, 2015, 05:12:33 AM
 #21

I actually believe the Spanish language (while not the most spoken) has a world wide distribution that rivals English. As for currency...the USD may dominate for now but it's days are numbered due to the US abusing it's power.

The U.S. came to power because it took advantage of the destruction left in Europe by WWII.  I predict that with WWIII the U.S. (while it may not suffer actual 'defeat') will lose it's global dominance to Asia due to the massive amount of debt it's citizens would get stuck with after the war.

SO why do some of you folks (including the OP) refer to it as a war?

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July 08, 2015, 06:35:33 AM
 #22

The U.S. came to power because it took advantage of the destruction left in Europe by WWII.  I predict that with WWIII the U.S. (while it may not suffer actual 'defeat') will lose it's global dominance to Asia due to the massive amount of debt it's citizens would get stuck with after the war.

My prediction is slightly different. After the Pinocchibitch becomes the POTUS in 2016, the United States will declare war against Iran (she has already promised that to the Jewish electorate). The Iraq invasion cost the Americans some $2 trillion. So my assumption is that the Iranian invasion will cost them some $20 trillion. This will destroy the American economy.
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July 08, 2015, 06:53:18 AM
 #23

When it comes to language the ,Mandarin comes on the no1 position. Then Spanish and then English. But the USD is followed worldwide . China and India are coming at pace with the worth of dollars , but it will take time. Until then dollar reigns the territory.

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July 09, 2015, 03:30:22 PM
 #24

No, i don't think that USA can win the currency war.

According to me euro is in far better position than US.
So, sorry Americans, you are gonna loose this time.

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July 09, 2015, 05:41:56 PM
 #25

I meant if the US could 'control' (or exploit if you will)...the new blockchain technology and bitcoin - or will strict rules push all the new ventures and innovation in the bitspace to other countries?
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August 03, 2015, 07:49:09 PM
 #26

There was a tv show in my country few years ago. The point in the study explained in that tv show was very clear, United States of America doesn't have government reserves for 40 percent of the printed dollars. I think that says all.
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August 03, 2015, 07:57:35 PM
 #27

The U.S. came to power because it took advantage of the destruction left in Europe by WWII.  I predict that with WWIII the U.S. (while it may not suffer actual 'defeat') will lose it's global dominance to Asia due to the massive amount of debt it's citizens would get stuck with after the war.

My prediction is slightly different. After the Pinocchibitch becomes the POTUS in 2016, the United States will declare war against Iran (she has already promised that to the Jewish electorate). The Iraq invasion cost the Americans some $2 trillion. So my assumption is that the Iranian invasion will cost them some $20 trillion. This will destroy the American economy.

I would not put it past the POTUS to do that, they have already done a similar thing to Gadaffi in Libya when he stopped his nuclear development programme then destroyed the country, that helped to create ISIS/ISIL because taking one moderate dictator out of power their led to even more radical powers emerging.
I'm just hoping they do not try to do another Libya and destabalize Iran that will create a lot of collateral damange in the middle east that will spread over to the West.

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August 04, 2015, 05:05:29 AM
 #28

I don't think so.
According to me China or India are gonna win the currency war(but not recently).
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August 04, 2015, 05:23:55 AM
 #29

Yeah USA going to win this one again...

One language for all, one currency for all. The alternative was "Euro" against "USD" but Europeans f**ked it up with Greece crisis. (and spain will be following probably)

And China? China is in another world dude. No one would want to go there. So basically China is worthless to most people.

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August 04, 2015, 06:03:35 AM
 #30

I meant if the US could 'control' (or exploit if you will)...the new blockchain technology and bitcoin - or will strict rules push all the new ventures and innovation in the bitspace to other countries?

How can a country like US not get their share of extra money? They will not ban anything, maybe they will change exactly what it stands for and work against it. Maybe they centralize the currency or modify it and make their own US currency while they ban all other crypto in the country, making even possessing it illegal. I wouldn't be surprised if US acted this way, they become a little insecure sometimes. Its not cute.
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August 04, 2015, 08:58:48 AM
 #31

Yeah USA going to win this one again...

One language for all, one currency for all. The alternative was "Euro" against "USD" but Europeans f**ked it up with Greece crisis. (and spain will be following probably)

And China? China is in another world dude. No one would want to go there. So basically China is worthless to most people.

Euro could never provide a strong fight against dollar, despite of whatever capital strength they possess because it takes social and political capabilities to back a strong currency, not just missiles. Spain is not going to end like Greece anytime soon, they've made the most recovery from their crisis in the whole euro zone circle. Also, China is not worthless, the whole world relies on it for manufacturing their products and provide the cheapest human resources.
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August 04, 2015, 02:10:03 PM
 #32

Yeah USA going to win this one again...

One language for all, one currency for all. The alternative was "Euro" against "USD" but Europeans f**ked it up with Greece crisis. (and spain will be following probably)

And China? China is in another world dude. No one would want to go there. So basically China is worthless to most people.

Euro could never provide a strong fight against dollar, despite of whatever capital strength they possess because it takes social and political capabilities to back a strong currency, not just missiles. Spain is not going to end like Greece anytime soon, they've made the most recovery from their crisis in the whole euro zone circle. Also, China is not worthless, the whole world relies on it for manufacturing their products and provide the cheapest human resources.

That recovery is a bubbled one. It's based on precarious labor, low quality and temporal jobs that pay next to peanuts. The spaniards are holding without riots because they are living off under the table work and off grandparent's welfare. You are deluded if you think its getting any better for them.
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August 04, 2015, 02:41:47 PM
 #33

Yeah USA going to win this one again...

One language for all, one currency for all. The alternative was "Euro" against "USD" but Europeans f**ked it up with Greece crisis. (and spain will be following probably)

And China? China is in another world dude. No one would want to go there. So basically China is worthless to most people.

 Also, China is not worthless, the whole world relies on it for manufacturing their products and provide the cheapest human resources.

Would you live in China? Would you live in Saudi Arabia? I know there are lots of european/american people live there, but would you? Most will say no.

You don't like their culture, you don't like their language, you like nothing about them. So what makes them precious to you?

Yeah i'd like them to keep making my electronic devices or send me oil from a faaaaar away land.

On the other hand, I can live in USA or any other European land and i can adapt easily to any of those cultures. Because almost all people there know to talk in "English" That is the meaning of "worth" to me.

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August 04, 2015, 03:05:43 PM
 #34

Yeah USA going to win this one again...

One language for all, one currency for all. The alternative was "Euro" against "USD" but Europeans f**ked it up with Greece crisis. (and spain will be following probably)

And China? China is in another world dude. No one would want to go there. So basically China is worthless to most people.

 Also, China is not worthless, the whole world relies on it for manufacturing their products and provide the cheapest human resources.

Would you live in China? Would you live in Saudi Arabia? I know there are lots of european/american people live there, but would you? Most will say no.

You don't like their culture, you don't like their language, you like nothing about them. So what makes them precious to you?

Yeah i'd like them to keep making my electronic devices or send me oil from a faaaaar away land.

On the other hand, I can live in USA or any other European land and i can adapt easily to any of those cultures. Because almost all people there know to talk in "English" That is the meaning of "worth" to me.
Not every European country speaks English. Even in Western Europe, people will still speak their country's native language. In other countries in Europe, they don't all speak English. Most people in Europe will know English to some degree, but not all. Same with China. China actually teaches their kids English in schools (at least in the good ones) and most people their will understand English to some degree.

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August 04, 2015, 05:44:50 PM
 #35

And China? China is in another world dude. No one would want to go there. So basically China is worthless to most people.

I went there. The smog in Beijing is like nothing else I've experienced. You could actually feel your life span shortening by being there.

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August 04, 2015, 05:57:46 PM
 #36

Yeah USA going to win this one again...

One language for all, one currency for all. The alternative was "Euro" against "USD" but Europeans f**ked it up with Greece crisis. (and spain will be following probably)

And China? China is in another world dude. No one would want to go there. So basically China is worthless to most people.

Euro could never provide a strong fight against dollar, despite of whatever capital strength they possess because it takes social and political capabilities to back a strong currency, not just missiles. Spain is not going to end like Greece anytime soon, they've made the most recovery from their crisis in the whole euro zone circle. Also, China is not worthless, the whole world relies on it for manufacturing their products and provide the cheapest human resources.

That recovery is a bubbled one. It's based on precarious labor, low quality and temporal jobs that pay next to peanuts. The spaniards are holding without riots because they are living off under the table work and off grandparent's welfare. You are deluded if you think its getting any better for them.

My family lives in Spain and they told me everything which happens there, I am more informed about the place than you are. I can assume you don't live there because you're one of those people who reads a conspiracy theory over the internet and totally believes it. I'm anything but deluded, Spain might not be completely recovery free but they are doing so much better than what I think they would be like.
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August 04, 2015, 06:04:41 PM
 #37

I don't think that the US will win the currency war, as the USD is slowly going down. However, I think that GBP (British Pound) might win (maybe?). As of now, they're more valuable than USD and EUR. (at the time of this writing).

In the end, Bitcoin might become the world's reserve currency, or maybe not. Just speculating, of course.

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August 04, 2015, 10:13:13 PM
 #38

Yeah USA going to win this one again...

One language for all, one currency for all. The alternative was "Euro" against "USD" but Europeans f**ked it up with Greece crisis. (and spain will be following probably)

And China? China is in another world dude. No one would want to go there. So basically China is worthless to most people.

Euro could never provide a strong fight against dollar, despite of whatever capital strength they possess because it takes social and political capabilities to back a strong currency, not just missiles. Spain is not going to end like Greece anytime soon, they've made the most recovery from their crisis in the whole euro zone circle. Also, China is not worthless, the whole world relies on it for manufacturing their products and provide the cheapest human resources.

That recovery is a bubbled one. It's based on precarious labor, low quality and temporal jobs that pay next to peanuts. The spaniards are holding without riots because they are living off under the table work and off grandparent's welfare. You are deluded if you think its getting any better for them.

My family lives in Spain and they told me everything which happens there, I am more informed about the place than you are. I can assume you don't live there because you're one of those people who reads a conspiracy theory over the internet and totally believes it. I'm anything but deluded, Spain might not be completely recovery free but they are doing so much better than what I think they would be like.

I have some friends there and everyone is struggling to get a job and the jobs they get are always underpaid and chances are they are not full time jobs. I agree that there is some recovery but he isn't wrong on what he said, the jobs aren't decent enough and I fail to see how it will get any better. It seems they are stuck in perpetual austerity being Troika's bitch just like all southern european countries are.
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August 04, 2015, 11:57:36 PM
 #39

I think in that kind of War there is no winner,victims are citzens,ordinary people.Money games,debt creating do we want that
About laungage,come learn Polish ,wish you the best.Pretty hard

 
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August 05, 2015, 01:07:40 AM
 #40

The currency "war" is unfortunately quite real, and the reason is simple.  The elites and the population of the country issuing the global reserve currency are able to collect a tax from the rest of the world for breathing the air, essentially.  (That is, assuming there is still a trusted paper reserve currency.)

- The country borrows at a cheap interest rate since savers and central banks are happy to park their wealth in its currency.
- The country can run up a greater debt than other while still maintaining confidence in its currency.
- The country can shift most of the pain from economic downturns to the rest of the world ("When America sneezes, the world catches a cold.")
- The country receives most of the immediate benefits of new high growth economies by buying their goods cheaply.

The only problem, in the long run, is that the country is doomed to decline as its people and institutions are weakened by receiving so much unearned wealth.  (The US Congress is not used to solving real problems, because most problems can be "solved" by pouring cheaply borrowed money on them.)

The same relentless decline has occurred to past global financial and military (as the two go together) top dogs: Spain, the Netherlands, and the UK.  The UK has been shrewd in arranging a friendly US to inherit its position and help ease it into second-rate status.

But, that is not the concern of the elites of the country, as they receive immense power and wealth immediately.

It's called a war because the currency game is winner-take-all, by necessity.  Having two top-dogs is unstable because they will each try to knock the other one out, until one succeeds.  For the winner, monetary power will drive economic and military power, which will use political manipulation to safeguard monetary power, in turn.  (At least while the country's dominant position lasts.)

The future of the US dollar is depends on a number of factors.  How fast the US general decline will happen; how long the monetary and financial bubble will last (which is by nature uncertain in the short to medium term;) how quickly a friendly heir can take over (most likely India, and not China, for cultural reasons -- but definitely not a European entity or Japan, since they have been close allies and their financial-asset-inflation is only one step behind the US;)

The best hope for the world is that, at some point, no dominant power exists.  Since no national currency is much trusted, each country essentially has to compete fairly and actually earn its living.  Neutral currencies like gold or Bitcoin should do well in this environment.  IMO the Anglo-American system has dominated the world for so long that people forget this is eminently possible.  This was basically what happened just in the 18th century, when Britain and France were vying for world power.  That period also "happened" to see the most progress in public awareness and intellectual life, IMO.

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..PLAY NOW..
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