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The Water Cooler
General Discussion
SVB guess I’ll post a thread since no one else has I can see
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<blockquote data-quote="ttown" data-source="post: 3989004" data-attributes="member: 2114"><p>That’s not a solution that’s a problem. That’s why we’ll have a global SDR that the major countries agree. CBDC or whatever trades in the west won’t translate to the East. Collateral as in real stuff will be required not IOUs this time IMO.</p><p></p><p>No one want’s the dollar anymore goods are being purchased in native currencies by agreement, no one trust the west anymore. They use countries for power and wealth.</p><p></p><p>China trying to feed over a billion people, they need many thing they don’t have, they’ve been given factory’s. Japan is toast, one of worst currencies on the planet.</p><p></p><p>China or Russia could have a gold backed currency if they can prove they have the good. And yes gold would rise but still be fractional.</p><p></p><p>Exciting times ahead just like the 70s</p><p></p><p>JMO</p></blockquote><p></p>
[QUOTE="ttown, post: 3989004, member: 2114"] That’s not a solution that’s a problem. That’s why we’ll have a global SDR that the major countries agree. CBDC or whatever trades in the west won’t translate to the East. Collateral as in real stuff will be required not IOUs this time IMO. No one want’s the dollar anymore goods are being purchased in native currencies by agreement, no one trust the west anymore. They use countries for power and wealth. China trying to feed over a billion people, they need many thing they don’t have, they’ve been given factory’s. Japan is toast, one of worst currencies on the planet. China or Russia could have a gold backed currency if they can prove they have the good. And yes gold would rise but still be fractional. Exciting times ahead just like the 70s JMO [/QUOTE]
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SVB guess I’ll post a thread since no one else has I can see
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