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The Triffin Dilemma
#10

The Triffin Dilemma

Quote: (03-01-2017 01:06 PM)Kid Twist Wrote:  

Quote: (03-01-2017 12:55 PM)Zelcorpion Wrote:  

Too optimistic - will happen if we get only conquered by an Alien more or less benevolent race.

Otherwise it is normal that the globalists move power centers. Also a US crash will not destroy the US and create some kind of apocalypse. It will happen the way it happened with UK. One decade the British had troops all across the world, dominated the seas, were the unquestioned super-power and then 2 decades down the line they were a humble vassal and the US slowly took over.

London did not disappear from the map in a zombie-apocalypse and the British did not die off en masse.

Something similar will happen with the US. I have read old books by the globalists which stated that China is set to take over. Chinese troops will replace the US troops just as they replaced the British forces a century ago.

The elite will still prefer to live in New York, London or Geneva, some will move to Shanghai, but many will stay in those key cities - I agree on that front.

Also a crash may come in stages and after a brief recession it will be business as usual. The US is on the vanguard of the totalitarian globalist system - at certain levels even more than China. There won't be any system change in China - those folk are far more compliant than we White Westerners - that is one of the reasons why they pump so many diverse immigrants into our countries - they know that we can and would rebel far sooner than the Chinese would.

Even if crashes come in China, they will pass and they will still move forward. As for space travel - the globalists have frozen those moves more or less. There is no escape from this planet - they intend to ground us all and not give us the means to go beyond and create colonies that they cannot control. It is all about control to them - they are truly anal in that respect. It explains why NASA is more busy with the climate change scam than with anything useful and why Russia is the main carrier of even some satellites into space.

I am more inclined to agree with the above. Beast, regardless of self sufficiency, the fact remains that the dollar will crash once no longer the reserve. That will have major implications at home and worldwide. Like Zel says above, it doesn't mean that the country will implode or be totally up for grabs, just that it will be FAR different, and in relatively quick time. I personally am more inclined to think it will be a few decades, hence the post about ~110 years is the usual reserve currency status. That means about 25 more. I could easily see that happening, and it is almost perfect because clearly fundamentals are poor here, though confidence is high, and QE can make it last. It's the anti-sensationalist play that still takes into account of the fact that 20 tril and increasing with no end in sight is a problem. A big one.

Bah, all utter doom porn.

Zel and kid, you're both glossing over history a little too broadly. America doesn't have many overseas territories whereas Britain had many. Same goes for the European powers. Defending them is especially problematic when you've got a small white minority and a large ethnic majority coupled with the fact that after the war England's leadership went limp wrist in the face of US demands after the war. They could have held onto it if they wanted to. I'll let H1N1 talk about the history of the dissolution of the empire, but the reserve currency argument simplifies too much for it to be ideal.

If anything America is a modern day Rome. She has another 400 years as the dominant world power and not to mention China would lose bigly against any sort of hot conflict with the US.

The only thing that will bring down America is if the country splits apart. That's the only thing that will end the American Empire.

The debt doesn't have to be repaid. I expect a hot war with China which will cancel out all of that debt they hold on US treasuries. There are ways of eliminating debt without printing cash.

Soveign debt crises were a pleasant side effect of world war 1. War has the ability to clense debt obligations.

Edit: I think the SDR basket is a another possible outcome. The next war will be fought on what will be the reigning reserve currency and it won't be the SDR.

Edit 2: Here's the infamous reserve currency chart:
[Image: gundlach1.png]

What's different about all of these countries in comparison to the US? Each one became a dominant world power because of colonialism. America isn't a colonial power.

That's why i believe this time will be different. America's government is very much in line with Rome's. The Roman Republic lasted rougly 480 odd years before it became an autocratic empire. I believe America will follow the same path and will eventually collapse into smaller regional entities.

Fun fact: you could pay your US taxes with spanish pieces of 8 right up until the civil war. Talk about staying power for a reserve currency!
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