RE: Russia & China Just Signalled The World That It's Ready To Move Away From The Dollar:Bill Holter
What if we do a short thought experiment?
If there is no trade going out and everybody is dumping dollars, which are coming back in, perhaps we can call the banksters bluff and cancel the debt which is owed to whom? Yes, the same folks that control the banks are the debtees - by fraud (hook and crook).
So, if we go local and barter evenly - then a reset or jubilee can come and we do not slip back into this failed system. We just have to work hard on a local scale and not eat our seed corn. We currently have no local support systems, plenty of opportunity. We can take dollars back, let the world go on and be isolationists doing it on our own for a bit.
A currency is worth the value we think its worth. At this point, the dollar is cooked. With five G - the people will be cooked too.
Ah, if thought was just reality. Thanks Dave. Good guest.
Unfortunately, I reckon we're in for it. Economic catastrophe will hopefully be the worst of our troubles.
There are a whole lotta people around the world that viscerally, primally hate America for what it has done to them, their families, and their countries. I've met some. There are a lot I didn't meet. More than there are Americans.
Don't forget that when competitors have the edge, they use it. We did.
China seem particularly merciful to you? Maybe they'll just laugh off the debt we owe them.
I doubt it. I think they'll come and collect.