A Blessing In Disguise
The beginnings of a dollar collapse and end to US global hegemony could very well turn out to be a blessing in disguise. Yes, the US will no longer benefit from having the sole global reserve currency and that is going to be painful with a significant reduction in the standard of living for most of it’s citizens. This is the price to pay for having abused the privelege of having had the reserve currency. By bullying the world and starting and losing numerous wars since WW2 we have squandered our wealth, shed millions of our and others lives and woefully mismanaged our finances. Now that we are deeply in debt and basically broke the US is going to have to start from scratch. It needs to go back on a gold/silver monetary standard to avoid future deficit spending. It needs to get rid of this administration and clean out the neocons from any and all government postions. It is time to get back to the basic foundations of the Constitution and the founding fathers. No more imperialistic ventures. Cut back the military to being a defensive force and close all overseas bases. None of these things can happen overnite. It will start with this year’s economic collapse. It needs to proceed with next year’s election and grow and develop over a 5-10 period of renewal. Out with the old and in with the new. Let’s get started. https://www.zerohedge.com/geopolitical/what-follows-us-hegemony
Obviously, going back to a gold/silver monetary standard means getting rid of the Federal Reserve and NO digital currency of any kind. Must keep real money both with gold and silver coins and convertibility of any paper money.(gold and silver certificates)
‘… the US is going to have to start from scratch …’
Ha, you would think. But no way … Not only will US of A implode BUT even worse … nobody will EVER want to deal with not only the country nor will it want to deal with any american on a personal level. Americans will be seen as a plaque not to be friends with, not be known with, not to be seen with. Not even with an individual who seems a nice or kind person. And that is the price every single American is about to pay for not stepping up AGAINST.
CM do you still think your CS trade is still in play? CS down over 50% this am @ about $0.94 as I type.
Only in this sense. As I said in yesterday’s post I made a mistake and shouldn’t have traded it. However, since it was a small trade for a spec and I got it at that days open at $1.75 I thought about selling around $1 but since I will get some small amount of UBS instead I might hold for a little while? It is not anything one should buy into now. All the banks are going to be worth a lot less soon, including UBS. I have stayed away from financials forever and should have done so here as well.
Thanks for your reply. Tough to beat Wall Street big boys.Not a speculative trade, but more of a dividend capture play that I’ve been playing…take a look at RC. It is going ex divy on 3/30 @$0.40. Chart looks like a double bottom short term but what do I know….LOL
Bravo Chartmaster- with peak oil nearing and weather related disasters we will have wished we held back a little to take care of “things”