Article

2023-10-06 Economy

Putin predicts ‘gradual collapse' of dollar-based financial system

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Posted by Grom the Reflective 2023-10-06 01:43|| E-Mail|| Front Page|| [9 views ] Top

#1 Biden and company are working hard on that. They're too 'smart' to understand that totally collapsing the economy will destroy the one major function holding the country together.

Posted by Procopius2k 2023-10-06 07:00|| 2023-10-06 07:00|| Front Page Top

#2 I see all sorts of anecdotes about this. But there is a comprehensive study of currencies involved in international trade conducted triennially by the Bank for International Settlements (which is about the only source that actually has all the data.) They show virtually no change in USD participation in international trade 2001-22.

https://www.bis.org/publ/qtrpdf/r_qt2212x.htm

see chart A-1.

Posted by Tom 2023-10-06 11:29|| 2023-10-06 11:29|| Front Page Top

#3 Strippers will be hit hardest.

Posted by Super Hose 2023-10-06 12:54|| 2023-10-06 12:54|| Front Page Top

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