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The Triffin Dilemma
#1

The Triffin Dilemma

I just was reading about the Triffin Dilemma, and was surprised to have never heard of it before. The reason I'm surprised is because in all my reading no one ever mentioned that this in fact was the reason why Nixon took the USA off the gold standard, as the Bretton Woods system could no longer work = outright fiat era. In another place I then saw that the empire or country who had the global reserve currency had a remarkably consistent run as the world currency leader until it became naturally destabilized and then the cycle started again, about 80-110 years depending on the time and empire:

[Image: History%20of%20money.jpg]

[Image: res%20history.JPG]

Having learned this, I laughed, even being a questioner of the Fed and a guy who followed Ron Paul and his gold standard urging. Why did I laugh? The idea I was fed (no pun intended) or the conclusion that Nixon was just doing some nefarious or greedy US thing was totally untrue --- He was locked in and it was the only move at the time, at least politically for him.

Responsibility can counteract the Triffin Dilemma, I'm sure, but it seems to show that history repeating itself is almost natural law just based on how humans and governments are. It makes it look more like the global producers of goods have far more responsibility and potential management of their economies than the world reserve power does precisely because it becomes so "good" at maintaining its ability to produce its status: money.

I could go on, but it became even scarier when I realized that the likelihood is that in our lifetime the world reserve currency of the USA will be threatened and it will fall --- and at that time, the debt truly will mean something, because the money it produces isn't trusted anywhere near once it once was, and then the only option truly will be default. Standard of living will instantly plummet.

That seems to be the real reset that so many are talking about that will bring sanity (read: survival and its formation on society) back to the West, or at least, America.

Or, it will be the end of the world. (-:
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#2

The Triffin Dilemma

By the way, an Aussie spells out some interesting things ... sorta beat me to it, I guess, in his article from January of this year:

http://www.theaustralian.com.au/business...2f61323e8e

Check it out. Very interesting.
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#3

The Triffin Dilemma

The Dollar will fall crashing the US economy. The Yuan will take it's place. But that may take decades.
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#4

The Triffin Dilemma

Quote: (03-01-2017 11:51 AM)Zelcorpion Wrote:  

The Dollar will fall crashing the US economy. The Yuan will take it's place. But that may take decades.

I don't think the Yuan will ever really replace the dollar at least not in the Chinese government's current form.

Nothing can really be taken at face value there. The "appearance" of truth is at least maintained with American and European institutions. I was reading in Forbes that the intelligentsia isn't fond of moving to Beijing or Shanghai over say London, New York, or Geneva for a myriad of reasons mostly related to the environment, communism, Chinese culture, and lack of other enjoyable life aspects.

If anything, China is very much ripe for a regime change. You have significant over capacity in several key industries (coal, steel) and a largely uneducated workforce. Any economic downturn will spell the end of the current regime.

OP you also forget that America is one of the few countries in the world that is completely self sufficient. If the US really wanted to, it could very much make everything that it needs. Sure the first year will be tough, but after that I can guarantee that everything would work itself out rather quickly.

I'm frankly very optimistic about America's future. America may lose her ability to project her will worldwide, but I'm very positive we'll see other developments (space travel?) that would offset this loss.
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#5

The Triffin Dilemma

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.
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#6

The Triffin Dilemma

Quote: (02-28-2017 05:04 PM)Kid Twist Wrote:  

I just was reading about the Triffin Dilemma, and was surprised to have never heard of it before. The reason I'm surprised is because in all my reading no one ever mentioned that this in fact was the reason why Nixon took the USA off the gold standard, as the Bretton Woods system could no longer work = outright fiat era.

this is a popular exaggeration by Kenysians.

Nixon took the U.S. off the gold standard because foreigners, especially France, were redeeming dollars for gold, and our gold was leaving the country (permanently). They were doing this because the U.S. had fixed the price of gold at $35, and was even manipulating the free market price of gold to maintain that price, but did not fix the quantity of dollars. As we printed more dollars, people understood the dollar was worth less and so got rid of their dollars for gold.

As for why I say its an exaggeration, this is spelled out in a book called Age of Inflation by a French economist, Jacques Rueff. Thankfully, the book is available in English. Rueff was the person who advised De Gaulle and later Pompidou to redeem dollars for gold. In the book he explains that the problem was the U.S.' deficits and the low fixed price of gold. He also demonstrates that the U.S. could have solved the problem by fixing the price higher, say at $70, and by doing so would have been able to redeem all of the debt held by foreigners. If that sounds radical, realize that FDR first confiscated all gold held by americans and then changed its value from $20 to $25 in 1933; it wasn't until 1975 that Americans could own gold again (apart from jewelry).

You are correct to say that the country with the reserve currency is likely to run trade deficits, but that is not the same as budget deficits and certainly doesn't mean that you can't have gold-backed money at some price (e.g. $70 rather than $35).
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#7

The Triffin Dilemma

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.
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#8

The Triffin Dilemma

Quote: (03-01-2017 01:03 PM)Hypno Wrote:  

Quote: (02-28-2017 05:04 PM)Kid Twist Wrote:  

I just was reading about the Triffin Dilemma, and was surprised to have never heard of it before. The reason I'm surprised is because in all my reading no one ever mentioned that this in fact was the reason why Nixon took the USA off the gold standard, as the Bretton Woods system could no longer work = outright fiat era.

this is a popular exaggeration by Kenysians.

Nixon took the U.S. off the gold standard because foreigners, especially France, were redeeming dollars for gold, and our gold was leaving the country (permanently). They were doing this because the U.S. had fixed the price of gold at $35, and was even manipulating the free market price of gold to maintain that price, but did not fix the quantity of dollars. As we printed more dollars, people understood the dollar was worth less and so got rid of their dollars for gold.

As for why I say its an exaggeration, this is spelled out in a book called Age of Inflation by a French economist, Jacques Rueff. Thankfully, the book is available in English. Rueff was the person who advised De Gaulle and later Pompidou to redeem dollars for gold. In the book he explains that the problem was the U.S.' deficits and the low fixed price of gold. He also demonstrates that the U.S. could have solved the problem by fixing the price higher, say at $70, and by doing so would have been able to redeem all of the debt held by foreigners. If that sounds radical, realize that FDR first confiscated all gold held by americans and then changed its value from $20 to $25 in 1933; it wasn't until 1975 that Americans could own gold again (apart from jewelry).

You are correct to say that the country with the reserve currency is likely to run trade deficits, but that is not the same as budget deficits and certainly doesn't mean that you can't have gold-backed money at some price (e.g. $70 rather than $35).

Interesting. That's why I posted. But --- the trade deficits go hand in hand with budget ones, even if they don't have to, necessarily. That's because when you control the reserve and can get so much out of it, you as a gov't tend to OVERDO it. Then rich people get even richer. And manufacturing goes away. And some poorer countries get richer, because they are now the ones that make the goods (look at Mexico).

Would you have to constantly have meetings to set a fixed price of gold, however (one higher than the other "real" market)? Why would people even consider your fixed price when there is a real market? You can get back debt, but you lose big time gold, if your set price is that much higher as you stated.

There's always a price. Obviously they don't want to part with the gold. I wonder why ...
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#9

The Triffin Dilemma

Correct - the US debt and liabilities cannot be repaid without devaluating the currency sooner or later. That is the beauty of compound interest. What do you think happened with the British pound? They were in debt up to their eyeballs. It may come even with less drastic steps by the US cutting down constantly - military spending, various expenditures, military bases etc.

Theoretically the US cannot go bankrupt since the Fed can print infinite amount of cash, but that would still devalue the currency tremendously.

It is also possible that not the Yuan, but a global currency based on the SDRs take over - we will see what happens. But one thing is certain - the US debt can never be repaid.
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#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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#11

The Triffin Dilemma

Quote: (03-01-2017 01:13 PM)Kid Twist Wrote:  

Quote: (03-01-2017 01:03 PM)Hypno Wrote:  

Quote: (02-28-2017 05:04 PM)Kid Twist Wrote:  

I just was reading about the Triffin Dilemma, and was surprised to have never heard of it before. The reason I'm surprised is because in all my reading no one ever mentioned that this in fact was the reason why Nixon took the USA off the gold standard, as the Bretton Woods system could no longer work = outright fiat era.

this is a popular exaggeration by Kenysians.

Nixon took the U.S. off the gold standard because foreigners, especially France, were redeeming dollars for gold, and our gold was leaving the country (permanently). They were doing this because the U.S. had fixed the price of gold at $35, and was even manipulating the free market price of gold to maintain that price, but did not fix the quantity of dollars. As we printed more dollars, people understood the dollar was worth less and so got rid of their dollars for gold.

As for why I say its an exaggeration, this is spelled out in a book called Age of Inflation by a French economist, Jacques Rueff. Thankfully, the book is available in English. Rueff was the person who advised De Gaulle and later Pompidou to redeem dollars for gold. In the book he explains that the problem was the U.S.' deficits and the low fixed price of gold. He also demonstrates that the U.S. could have solved the problem by fixing the price higher, say at $70, and by doing so would have been able to redeem all of the debt held by foreigners. If that sounds radical, realize that FDR first confiscated all gold held by americans and then changed its value from $20 to $25 in 1933; it wasn't until 1975 that Americans could own gold again (apart from jewelry).

You are correct to say that the country with the reserve currency is likely to run trade deficits, but that is not the same as budget deficits and certainly doesn't mean that you can't have gold-backed money at some price (e.g. $70 rather than $35).

Interesting. That's why I posted. But --- the trade deficits go hand in hand with budget ones, even if they don't have to, necessarily. That's because when you control the reserve and can get so much out of it, you as a gov't tend to OVERDO it. Then rich people get even richer. And manufacturing goes away. And some poorer countries get richer, because they are now the ones that make the goods (look at Mexico).

Would you have to constantly have meetings to set a fixed price of gold, however (one higher than the other "real" market)? Why would people even consider your fixed price when there is a real market? You can get back debt, but you lose big time gold, if your set price is that much higher as you stated.

There's always a price. Obviously they don't want to part with the gold. I wonder why ...

deficits - yes, a trade deficit tends to create a budget deficit, but that could be avoided with taxes, either internal or tariffs, or reduced spending. In the U.S.' case, there was no attempt to balance the budget; rather they exploded it with the war in Viet Nam and the Great Society welfare programs.

as for the price of gold, yes, it would adjust often if the U.S. didn't live within its budget. but that is different from saying that Bretton Woods dictated that a gold-backed dollar was impossible. It tends in that direction but that is not to say its impossible. The Kensians are just apologists for deficit spending, etc.
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#12

The Triffin Dilemma

I'm glad I posted, it's a good back and forth here.

I am not "sold" on anything, certainly not doom.

And I always ask people the question, which happens first in the world moving ahead: A legit nuclear attack (anywhere), or the US breaking up via civil war and/or secession?

What do you guys say? The question begs a possibility that Beast raised.
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#13

The Triffin Dilemma

The debt levels look like it takes 3 quarters of a century to collapse or just over 100 years. The US is on 88 years and will take another 12 years to reach 100.

That would wrap up nicely with whats going on globally across Africa, Asia and Europe. 2029 onwards will be interesting.
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#14

The Triffin Dilemma

in the big picture, doom might be ahead.

this example was on zero hedge today.

If your brother earns $100,000 in annual income and borrowed $10,000 on his credit card, he could consume $110,000 worth of stuff. In this example, his debt to his personal GDP is just 10%. But what if he could get more credit year after year and reached a point where his total debt reached $352,000 but his income remained the same. His personal debt-to-GDP ratio would now be 352%.

If he could borrow at super low interest rates, maybe he could sustain the monthly loan payments. Maybe? But how much more could he possibly borrow? What lender would lend him more? And what if those low rates began to rise? How much debt can his $100,000 income cover? Essentially, he has reached the end of his own debt cycle.

http://www.zerohedge.com/news/2017-03-01...an-history

Its hard to say how much more room the economy has but its more like the guy at the end of his credit limit than the guy just starting. its like an inflection point where growth in debt switches to a secular decline, either intentional or forced as a result of defaults.
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#15

The Triffin Dilemma

Let us see what globalist scientific elite member Jacques Attali has to say about the US and the dollar:

Quote:Quote:

THE FUTURE OF THE US

The dollar will remain dominant until at least 2025, when foreign backers will start abandoning it and 'the credit pyramid, based on the value of American housing, will collapse.'

The US will then start disintegrating, with violence and chaos ensuing. Attali states, 'it will not be tomorrow's Africa that will one day resemble today's West, but the whole West that could tomorrow evoke today's Africa.'


The US will then have to redesign its government to regain control.

'The United States could then become a Scandinavian-style social democracy, or a dictatorship - and even perhaps one after the other. It would not be the first time such a surprise occurred: the first leader to apply the principles required to emerge from the crisis of the [last depression] was Mussolini; the second was Hitler. Roosevelt only came third.'

As chaos and violence engulfs the world, Christianity and Islam will strengthen. The Bible belt region in the Southern US will mobilize and could dominate US politics.

'The United States could then around 2040 fall prey to a theocratic temptation, explicit or implicit, in the shape of theocratic isolationism in which democracy would be no more than a shadowy presence.'

This Christian movement could be used in a war against a mobilized Islam, which would presumably weaken and discredit both religions.

An international Christian alliance 'could well form alliances here and there with secular pirates and traffickers in arms, women and drugs.'

This alliance will 'stand face to face against Islam - and the struggle will be relentless. They will defend Christians in countries where they are a minority, as in Lebanon, Syria, Iraq and Syria.'

Before the end of century the US will be disintegrated and under the authority of a collectivist world government.

- See more at: https://www.henrymakow.com/attali.html#s...66bxD.dpuf

Our economic system is by far more fragile than it seems. Though how much the globalists will crash the economy frankly depends on them.

I don't know if they truly want constant uninterrupted chaos in the West. My bet is that this kind of scenario would backfire and many of them would not survive such chaos.
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#16

The Triffin Dilemma

All I can see from that picture is the obvious: the world always used metals as the final means of settling debts, and now everyone uses trust. It will end predictably, the only question is when.
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#17

The Triffin Dilemma

Quote: (03-03-2017 02:39 AM)Zelcorpion Wrote:  

Our economic system is by far more fragile than it seems. Though how much the globalists will crash the economy frankly depends on them.

I don't know if they truly want constant uninterrupted chaos in the West. My bet is that this kind of scenario would backfire and many of them would not survive such chaos.

You're getting into conspiracy theory which doesn't have an answer, and never will, territory. I'm not into that.

Your statement presumes they get to control interruptions or time interruptions, which basically means the cat's out of the bag and the game is over: they control it all already.

I don't buy that people driven by power and getting order out of chaos, as Lenin said, have any real insight. Those driven by demonic powers of division and chaos by definition lack this insight; they trust in chaos to make sense of things for them, which is foolishness as it will ultimately destroy them as well. No, they don't have a control of things. Just some inputs.
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#18

The Triffin Dilemma

Quote: (03-02-2017 05:21 PM)Foolsgo1d Wrote:  

The debt levels look like it takes 3 quarters of a century to collapse or just over 100 years. The US is on 88 years and will take another 12 years to reach 100.

That would wrap up nicely with whats going on globally across Africa, Asia and Europe. 2029 onwards will be interesting.

Yes, but it probably will be a bit postponed from that due to above mentioned factors ... I've always thought the big eliciting event would be from 2040-2050 that starts a major ... something
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#19

The Triffin Dilemma

And this is part of the ugly truth why we interfere in the Middle East, to support the Petrodollar. Its all nice to say we should stop interfering in the Middle East and blame Obama and Bush for starting wars, but there is a reason behing the madness. To support the dollar. If we don't help out certain countries like Saudi, other countries such as China will, and if they move away from the dollar that will accelerate the downfall of US dominance. This is why Russia will never be a true ally, because they want a piece of the pie too. So the reality is the US has two choices, withdraw from certain conflicts and let other people eat away at our lunch, slowly killing the dollar and with it US dominance. Or keep fighting in these conflicts killing countless people, and prolong our dominance as long as possible. The elites view the costs of wars worth the risk that other countries will stop using the dollar. Sure it will all come to an end eventually, its just a question of how long can we keep it up, and can we implement another system to replace the Petrodollar, which is a deep topic in itself.

Guarantee Trump won't stop interfering in the Middle. East despite whatever he said when running Elites won't let him, and backing off will accelerate the dowbnfall of the dollar. Russia would love us to back out. Fuck the politics, Romney was right, they are our major geopolitical foe.
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#20

The Triffin Dilemma

Quote: (03-03-2017 02:11 PM)Kid Twist Wrote:  

Quote: (03-03-2017 02:39 AM)Zelcorpion Wrote:  

Our economic system is by far more fragile than it seems. Though how much the globalists will crash the economy frankly depends on them.

I don't know if they truly want constant uninterrupted chaos in the West. My bet is that this kind of scenario would backfire and many of them would not survive such chaos.

You're getting into conspiracy theory which doesn't have an answer, and never will, territory. I'm not into that.

Your statement presumes they get to control interruptions or time interruptions, which basically means the cat's out of the bag and the game is over: they control it all already.

I don't buy that people driven by power and getting order out of chaos, as Lenin said, have any real insight. Those driven by demonic powers of division and chaos by definition lack this insight; they trust in chaos to make sense of things for them, which is foolishness as it will ultimately destroy them as well. No, they don't have a control of things. Just some inputs.

Kid - throwing arond the CIA term conspiracy theory without having assessed various sources is premature.

Check out books by Carroll Quigley, Antony Sutton, Alan Watt (cuttingthroughthematrix.com) and Congressional Reece Commission on Foundations (available americandeception.com) - you can also take a look at the documentaries THE MONEY MASTERS by Bill still and THRIVE by P&G heir Foster Gamble.

After you have done that we can discuss whether those explanations above are more fitting with what is happening in our world or whether Huffpo and NewYorkBetaTimes have a better handle on it.

The system is well-oiled and nothing spectacular really - given infinite self-created money and various organs of control.
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#21

The Triffin Dilemma

Quote: (03-04-2017 03:53 AM)Zelcorpion Wrote:  

Quote: (03-03-2017 02:11 PM)Kid Twist Wrote:  

Quote: (03-03-2017 02:39 AM)Zelcorpion Wrote:  

Our economic system is by far more fragile than it seems. Though how much the globalists will crash the economy frankly depends on them.

I don't know if they truly want constant uninterrupted chaos in the West. My bet is that this kind of scenario would backfire and many of them would not survive such chaos.

You're getting into conspiracy theory which doesn't have an answer, and never will, territory. I'm not into that.

Your statement presumes they get to control interruptions or time interruptions, which basically means the cat's out of the bag and the game is over: they control it all already.

I don't buy that people driven by power and getting order out of chaos, as Lenin said, have any real insight. Those driven by demonic powers of division and chaos by definition lack this insight; they trust in chaos to make sense of things for them, which is foolishness as it will ultimately destroy them as well. No, they don't have a control of things. Just some inputs.

Kid - throwing arond the CIA term conspiracy theory without having assessed various sources is premature.

Check out books by Carroll Quigley, Antony Sutton, Alan Watt (cuttingthroughthematrix.com) and Congressional Reece Commission on Foundations (available americandeception.com) - you can also take a look at the documentaries THE MONEY MASTERS by Bill still and THRIVE by P&G heir Foster Gamble.

After you have done that we can discuss whether those explanations above are more fitting with what is happening in our world or whether Huffpo and NewYorkBetaTimes have a better handle on it.

The system is well-oiled and nothing spectacular really - given infinite self-created money and various organs of control.

Talk about a joke, these websites look like the musings of a nut in a camper van somewhere. At least infowars keeps their conspiracy theories believable by attributing it to leaked government documents. These crazies go too far off of the deep end for any of their writings to be taken seriously and don't bother giving anything to back it up.

Zel, what's with all of this doom and gloom you've been posting lately? Between this thread, the trump thread, and the false prophet one i'm starting to get worried!
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#22

The Triffin Dilemma

Know the world, understand the world, plan for the worst, enjoy life nonetheless and live for the moment.

What I did today:

Just been playing with my Corgi-Husky mix that I rescued off the streets:

[Image: corgi-siberian-husky-mix.jpg]

Grabbed a girl by the pussy and got some action.

Gotta do some administrative work today and some deep contemplation.

Our world is at is - if someone in 1920 would tell you that a big world war is coming in 15-25 years and it would go down in Europe, would you have said this person to be a Doom and Gloom sayer? If that person advised you to enjoy Europe while it lasted and would recommend you to move to South America or elsewhere, would he have been a Doom&Gloom Sayer? Or would it be a more positive-thinking way to stay in Germany/France/Poland/Russia/UK? I am sure you could have fought your way through a concentration camp via positive thinking.

Either way - it should all not distract you from your in the moment happiness - just let you plan in detail for the worst.

Or not - being dead is not final either - hehe.
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#23

The Triffin Dilemma

Quote: (03-03-2017 02:11 PM)Kid Twist Wrote:  

Quote: (03-03-2017 02:39 AM)Zelcorpion Wrote:  

Our economic system is by far more fragile than it seems. Though how much the globalists will crash the economy frankly depends on them.

I don't know if they truly want constant uninterrupted chaos in the West. My bet is that this kind of scenario would backfire and many of them would not survive such chaos.

You're getting into conspiracy theory which doesn't have an answer, and never will, territory. I'm not into that.

Your statement presumes they get to control interruptions or time interruptions, which basically means the cat's out of the bag and the game is over: they control it all already.

I don't buy that people driven by power and getting order out of chaos, as Lenin said, have any real insight. Those driven by demonic powers of division and chaos by definition lack this insight; they trust in chaos to make sense of things for them, which is foolishness as it will ultimately destroy them as well. No, they don't have a control of things. Just some inputs.

I'm not making predictions, but these things are a matter of historical record. Rothschild famously said "I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls the British money supply controls the British Empire, and I control the British money supply." If you understand how banking and central banking work, and who owns the Fed, the truth of that statement is obvious.

btw, Carrol Quigley was an esteemed professor at Georgetown, not exactly infowars. Also, he came from the other side - part of the Deep State. Which is why his book, Tragedy and Hope, was so telling and was reprinted with large sections missing. The first edition goes for $50-100 on ebay.
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#24

The Triffin Dilemma

Quote: (03-04-2017 06:17 AM)Zelcorpion Wrote:  

Know the world, understand the world, plan for the worst, enjoy life nonetheless and live for the moment.

What I did today:

Just been playing with my Corgi-Husky mix that I rescued off the streets:

[Image: corgi-siberian-husky-mix.jpg]

Grabbed a girl by the pussy and got some action.

Gotta do some administrative work today and some deep contemplation.

Our world is at is - if someone in 1920 would tell you that a big world war is coming in 15-25 years and it would go down in Europe, would you have said this person to be a Doom and Gloom sayer? If that person advised you to enjoy Europe while it lasted and would recommend you to move to South America or elsewhere, would he have been a Doom&Gloom Sayer? Or would it be a more positive-thinking way to stay in Germany/France/Poland/Russia/UK? I am sure you could have fought your way through a concentration camp via positive thinking.

Either way - it should all not distract you from your in the moment happiness - just let you plan in detail for the worst.

Or not - being dead is not final either - hehe.

You're right, you should be worried. Assuming your flag is correct, Poland has been at the cross roads of almost every major war in the last 200 odd years.

Everyone in Europe should be worried. War has been fought here consistently for years.

America on the other hand? There's absolutely no need to worry. Outside of the rambunctious major cities which will be easily put down the heartland has absolutely nothing to fear outside of a nuclear attack.

Thankfully, I shall soon be returning to the great land we call America very soon! Best of luck you to guys in Europe, you will very much need it.

Quote: (03-04-2017 07:39 AM)Hypno Wrote:  

btw, Carrol Quigley was an esteemed professor at Georgetown, not exactly infowars. Also, he came from the other side - part of the Deep State. Which is why his book, Tragedy and Hope, was so telling and was reprinted with large sections missing. The first edition goes for $50-100 on ebay.

I'm immediately suspect of any writings from "esteemed" professors of the 20th and 21st century. If anything, their writings are bonafide proof that academia needs a good purging every now and then.
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#25

The Triffin Dilemma

Quote: (03-03-2017 04:09 PM)Repo Wrote:  

To support the dollar. If we don't help out certain countries like Saudi, other countries such as China will, and if they move away from the dollar that will accelerate the downfall of US dominance. This is why Russia will never be a true ally, because they want a piece of the pie too. So the reality is the US has two choices, withdraw from certain conflicts and let other people eat away at our lunch, slowly killing the dollar and with it US dominance. Or keep fighting in these conflicts killing countless people, and prolong our dominance as long as possible.

All of your other comments are contingent on this, and I see people frequently mention it, but never really explain it. Let's say we all of a sudden yell out loud at the UN, "Fuck you Saudi, worry about Iran yourself. For that matter, go to hell Israel too" (just for the sake of a fun hypothetical).

How does this "kill the dollar"?

As I've said above, yes when the reserve status of the dollar ceases, QE and creating our own new shit or maintaining standard of living by printing, etc. becomes relatively futile or at the very least, a real and greater risk.

We have our own oil. We can produce it. They are a small portion of the production. I can see it upsetting our apple cart a bit but fairly quickly we would correct it. Then someone else would have the Triffin Dilemma.
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