tsoPANos
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 20, 2014, 02:32:00 PM |
|
Well this is a start. The dollar could slowly decline as the global trade volume decreases. So the US wouldn't be able to print dollars from thin air without reducing it's value. Which means that the US wouldn't be able to pay it's huge debt.
|
|
|
|
ljudotina
Legendary
Offline
Activity: 1260
Merit: 1029
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 20, 2014, 02:46:23 PM |
|
Falling dollar affects BTC only in a way that more Americans would go to BTC as value storage and effectivly rise the price of BTC. Nothing else. If dollar looses half of it's value, 1 BTC would be 1000$. One would say: "wow i have doubled my wealth!". Well you did not. As if that happens, 1 bread wouldn not cost x$ it would cost x*2$. So basicly, you as BTC holder did not gain anything...you just saved your wealth (which is goo thing for itself). So, question is not : "How much $$$ is BTC worth?", question is : "What is buying power of BTC". Would buying power of BTC rise if dollar starts falling? Not if Americans decide to, for example go into Gold instead of BTC. Noone would gain nothing in that scenario (except gold owners as gold would go up).
|
|
|
|
SunBin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 20, 2014, 04:01:54 PM |
|
The last two countries to try this were Iraq and Libya. Thankfully the American people don't have the stomach to allow our government "bring democracy" to these newest offenders. The US cannot start war with Russia and China at the same time, its not a strategic decision. Arrogance will make country/leader do foolish thing.
|
|
|
|
Jonton
Newbie
Offline
Activity: 42
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 20, 2014, 04:33:30 PM |
|
The last two countries to try this were Iraq and Libya. Thankfully the American people don't have the stomach to allow our government "bring democracy" to these newest offenders. The US cannot start war with Russia and China at the same time, its not a strategic decision. Arrogance will make country/leader do foolish thing. No way. Maybe there are some map exercises about such a scenario.
|
|
|
|
okthen
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 20, 2014, 04:42:36 PM |
|
This is great news for btc! Dollar down, bitcoin up! Let's see if Russia and China realize that getting into bitcoin would also help bypassing the dollar...
|
|
|
|
|
tabnloz
Legendary
Offline
Activity: 961
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2014, 07:45:29 AM |
|
I think there is a designated decline in the USD.
The game is up and the US implicitly acknowledges this; hence the gold stacking from central banks across the world. They'll never repay their debt and QE has not worked.
Further the big banking and finance stuff has been co-ordinated since the financial crisis and so countries have recently begun set up currency lines without remonstration. This is part of the move away from dependence on the USD.
The BRICS have been agitating for this for a while now, the US has sided with Iran and not the House of Saud in Iraq, Russia and China are doing direct deals, trusting their own currencies and not using the reserve currency as their will be no consequence - it wasn't long ago that this would have been a major shot across the bow.
|
|
|
|
Harley997
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2014, 07:25:33 PM |
|
The last two countries to try this were Iraq and Libya. Thankfully the American people don't have the stomach to allow our government "bring democracy" to these newest offenders.
This would not be military feasible. If the US were to declare war on both Russia and China then they would likely become allies and we would likely not win
|
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
|
|
|
PolarPoint
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2014, 07:46:47 PM |
|
The US cannot afford to go to war with China. China is the number one investor of US treasuries. If China stops buying, yield will rise. It would be more costly for the US to borrow for financing government.
|
|
|
|
ShakyhandsBTCer
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 21, 2014, 08:30:08 PM |
|
The US cannot afford to go to war with China. China is the number one investor of US treasuries. If China stops buying, yield will rise. It would be more costly for the US to borrow for financing government.
I don't think China would stop buying US treasuries and/or sell off their treasury holdings, they would stand to lose to much if they did.
|
|
|
|
zimmah
Legendary
Offline
Activity: 1106
Merit: 1005
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 22, 2014, 12:13:21 PM |
|
The last two countries to try this were Iraq and Libya. This is tired old myth. Countries and companies deal in oil and gas using non-dollar currency all the time. Just because its booked in accounts as $ doesn't mean $ where used for the trade. but it does strengthen the dollar, and that's what's important. countries are revolting against the dollar monopoly and USA can't keep them down anymore.
|
|
|
|
IIOII
Legendary
Offline
Activity: 1153
Merit: 1012
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 22, 2014, 01:56:44 PM |
|
US's broke, no money to bomb Syria and the US "help" to Ukraine is laughable, considering the Canadians sent more aircraft and advisors.
US can't fight a war with anyone - the Empire is gone, it's like the British Empire back in the 1950s.
USA has a president with brains now. Why should we give a rat's ass about Syria, the country is already infighting at this time and so is Ukraine. Why waste our money on it? There is just no reason to fight like a fool is the point when there is no need to. USA are in syria, iraq, libya, and not in north korea, is because of oil venuezla, and iran are next they have lots of oil too The vast majority of wars are based on oil. Almost all wars in history were based on competition over resources of some kind. I agree that US empire has reached its climax and is now collapsing. The US have made far too many enemies through their aggressive "foreign policy". Unfortunately new empires will emerge - hopefully less powerfull ones that will have to respect the rights of weaker nations to a greater extend than the US.
|
|
|
|
DubFX
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 22, 2014, 01:59:25 PM |
|
In my opinion it would be better for every country to skip USD, it's masively, but this is true meaning of masively inflated currency and its debt is growing every day.
|
|
|
|
IIOII
Legendary
Offline
Activity: 1153
Merit: 1012
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 22, 2014, 02:09:53 PM |
|
In my opinion it would be better for every country to skip USD, it's masively, but this is true meaning of masively inflated currency and its debt is growing every day.
Many countries already would have done this, if there wasn't a huge pressure to avoid such steps. US military power prevented such initiatives successfully for decades. Now, with US overloaded with debt and China and Russia leading the way, acceptance of USD as trade currency will erode quickly.
|
|
|
|
bryant.coleman
Legendary
Offline
Activity: 3738
Merit: 1217
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 22, 2014, 03:37:19 PM |
|
In my opinion it would be better for every country to skip USD, it's masively, but this is true meaning of masively inflated currency and its debt is growing every day.
True. Also, no one should store massive amounts of USD in their savings accounts. It is losing value everyday. One more major war (Iram may be?) and the US Dollar will become even more worthless than the toilet paper.
|
|
|
|
pening
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 22, 2014, 06:42:50 PM |
|
The last two countries to try this were Iraq and Libya. This is tired old myth. Countries and companies deal in oil and gas using non-dollar currency all the time. Just because its booked in accounts as $ doesn't mean $ where used for the trade. but it does strengthen the dollar, and that's what's important. countries are revolting against the dollar monopoly and USA can't keep them down anymore. It doesn't strengthen anything unless there is a trade in $ that requires $ to be acquired. If you are just booking the value to the days $/Currency x rate, there is no impact on either currency. There are billions traded in products from toys to pharmaceuticals to and from the US and across the globe, far greater than the oil value. billions more in $ denominated bonds stocks and simple currency speculation.
|
|
|
|
scryptasicminer
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 22, 2014, 08:31:00 PM |
|
The US cannot afford to go to war with China. China is the number one investor of US treasuries. If China stops buying, yield will rise. It would be more costly for the US to borrow for financing government.
I don't think China would stop buying US treasuries and/or sell off their treasury holdings, they would stand to lose to much if they did. They can hedge the dollar depreciation/collapse by buying and locking in long term contract on foreign resources. US has much more to lose if any foreign country refuse to accept dollar. The reason why there is so many on going conflict going on right now around the globe. In essence, you can say US is doing China dirty work by invading another country for resources. But doing so only strengthen the dollar and benefiting country with high USD reserve and US is getting all the blame.
|
|
|
|
peeveepee
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 22, 2014, 10:43:49 PM |
|
In my opinion it would be better for every country to skip USD, it's masively, but this is true meaning of masively inflated currency and its debt is growing every day.
True. Also, no one should store massive amounts of USD in their savings accounts. It is losing value everyday. One more major war (Iram may be?) and the US Dollar will become even more worthless than the toilet paper. Not true. The cost of Iran war will most likely less than the resources get back in return.
|
|
|
|
okthen
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 23, 2014, 12:46:43 AM |
|
In my opinion it would be better for every country to skip USD, it's masively, but this is true meaning of masively inflated currency and its debt is growing every day.
This is good advice to anyone. However, the euro seems to be walking down the same path...
|
|
|
|
ShakyhandsBTCer
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 26, 2014, 03:32:35 AM |
|
US's broke, no money to bomb Syria and the US "help" to Ukraine is laughable, considering the Canadians sent more aircraft and advisors.
US can't fight a war with anyone - the Empire is gone, it's like the British Empire back in the 1950s.
USA has a president with brains now. Why should we give a rat's ass about Syria, the country is already infighting at this time and so is Ukraine. Why waste our money on it? There is just no reason to fight like a fool is the point when there is no need to. USA are in syria, iraq, libya, and not in north korea, is because of oil venuezla, and iran are next they have lots of oil too The vast majority of wars are based on oil. Almost all wars in history were based on competition over resources of some kind. I agree that US empire has reached its climax and is now collapsing. The US have made far too many enemies through their aggressive "foreign policy". Unfortunately new empires will emerge - hopefully less powerfull ones that will have to respect the rights of weaker nations to a greater extend than the US. The US empire is collapsing because of the fact that we have a president that doesn't have a clue what it is doing in relation to foreign policy (among other things). I would disagree that the US has made too many enemies. Several democracies have been formed shortly after Bush left office (as a result in the wars in Iraq and Afghanistan, but IMO mostly Iraq). We have used our "big sward" to police the world and help countries in need (when they have no way of returning the favor).
|
|
|
|
|