BRICS have declared they wanna move from US dollars as international currency

t. never read rickards book.

well… certainly it would seem the cheap credit will be turned off. its not clear there actually is a derivative bubble, though i sympathize with that view. the point is, nothing will collapse (that wouldn't already collapse). clearly, everything in the economy is connecting and a hit to gdp or long-term interest rates could definitely exacerbate any already existing problems, but any sort of catastrophism is unwarranted

I'm not so sure about collapse, but that's a very on point view.

Americans have 500 billion trade deficit, imagine if now they have to balance that with real production rather than exporting dollars.

Something will happen.

*connected

The point is, BRICS will be fucking themselves over because most of them are using export-led growth strategies. some spoonfeed for the babby

soundcloud.com/user-852479284/on-debt-the-usd-reserve-currency-status-petrodollars-and-export-led-growth

That's only because of the insane population they hold and how it doesn't include China. The G7 is meant to have the seven largest economies in the world and the G20 is replacing the G7 as it is anyway because of this reason. As it stands, your economy can't be stable with such a massive population living in literal shit.

the FED printing infinite money actually debase the other countries wealth.

wow, I love how dollars lose value, wtf my economy now collapses thanks to that.

wtf, I love food riots.

except that's not how it works user. the fed "printing" money only "debases" your wealth if you are holding USD or USD-denominated assets. it does make your products more expensive in the US and US products cheaper abroad, perhaps causing lost revenues in your export sector etc

wtf, I love food riots now in arab spring revolutions.
wtf, I love quantitative easing.

those aren't the same thing dipshit
also, countries don't hold "all" their reserves in USD, and depending on the amount of trade they do (and debt they are in), the amount of USD reserves they hold might fluctuate greatly

learn to economics faget

the basics of their reserves still are dollars, fucking iliterate.

do you think quantitative easing makes the russians and chinese happy?

what was the cause of arab spring revolutions?
It was that food became more expensive, thanks to FED infinite money printing.

so what. you clearly don't understand what reserves are or how they work, making you the fucking illiterate

mostly the chinese, and no. of course not. but mostly because it makes chinese goods more expensive in the US you fucking dipshit, not because it somehow "debases" their currency. jesus you're fucking retarded

the Arabs' yearning for Freedom and Democracy of course - that and Twitter & Facebook, clearly loldongs jk: it was CIAniggers

explain how the USD depreciating against all other currencies makes foodstuffs more expensive in the ME. I dare you >protip: you can't

wishfull magical thinking.

yes, exactly, you economically illiterate dipshit

...

you have three options:
1) explain how the USD deflating vis a vis Arab currencies would cause foodstuff inflation in the ME
2) find just one peer-reviewed article that says such a thing happened
3) apologize for your stupidity
i bet you'll pick 4) keep acting like a retard

telegraph.co.uk/finance/economics/8492078/How-the-Fed-triggered-the-Arab-Spring-uprisings-in-two-easy-graphs.html

wtf I love the FED printing infinite money.

try again retard

economicshelp.org/blog/634/economics/the-problem-with-printing-money/

i never said "printing" money doesn't cause inflation, you fucking moron. I said the US depreciating the Dollar doesn't cause foodstuff inflation in goods being traded in a different currency on the other side of the world.
jesus fucking christ you're stupid

also, "printing" money doesn't cause inflation during a bubble-burst or during disinflation.

learn to economics

ps. still waiting on that peer-reviewed article you fucking ignorant twat

Asset bubble creation is one of the most visible malignancies caused by Federal Reserve money
printing, but there are many others. One obvious effect is the export of inflation from the United States
to its trading partners through the exchange-rate mechanism. A persistent conundrum of Fed monetary
policy since 2008 has been the absence of inflation in U.S. consumer prices. From 2008 through
2012, the year-over-year increase in the consumer price index averaged just 1.8 percent per year, the
lowest for any five-year period since 1965. Fed critics have expected for years that inflation would
rise sharply in the United States in response to money printing, albeit with a lag, but the inflation has
not yet appeared; indeed persistent deflationary signs began emerging in 2013.
A principal reason for the absence of inflation in the United States is that inflation was exported
abroad through the exchange-rate mechanism. Trading partners of the United States, such as China and
Brazil, wanted to promote their exports by preventing their currencies from appreciating relative to
the U.S. dollar. As the Fed prints dollars, these trading partners must expand their own money
supplies to soak up the dollar flood coming into their economies in the form of trade surpluses or
investment. These local money-printing policies cause inflation in the trading partner economies. U.S.
inflation is muted because Americans import cheap goods from our trading partners.
From the start of the new millennium, the world in general and the United States in particular have
had a natural deflationary bias. Initially the United States imported this deflation from China in the
form of cheap goods produced by abundant labor there, aided by an undervalued currency that caused
U.S. dollar prices for Chinese goods to be lower than economic fundamentals dictated. This
deflationary bias became pronounced in 2001, when annual U.S. inflation dipped to 1.6 percent,
perilously close to outright deflation

Rickards own book, page 57 (the death of money).

see

It was this deflation scare that prompted then Fed chairman Alan Greenspan to sharply lower
interest rates. In 2002 the average Federal Funds effective rate was 1.67 percent, then the lowest in
forty-four years. In 2003 the average Federal Funds rate was even lower, 1.13 percent, and it
remained low through 2004, averaging 1.35 percent for the year. The extraordinarily low interest-ratepolicy during this three-year period was designed to fend off deflation, and it worked. After the usual
lag, the consumer price index rose 2.7 percent in 2004 and 3.4 percent in 2005. Greenspan was like
the pilot of a crashing plane who pulls the aircraft out of a nosedive just before it hits the ground,
stabilizes the aerodynamics, then regains altitude. By 2007, inflation was back over 4 percent, and the
Fed Funds rate was over 5 percent.
Greenspan had fended off the deflation dragon, but in so doing he had created a worse conundrum.
His low-rate policy led directly to an asset bubble in housing, which crashed with devastating impact
in late 2007, marking the start of a new depression. Within a year, declining asset values, evaporating
liquidity, and lost confidence produced the Panic of 2008, in which tens of trillions of dollars in
paper wealth disappeared seemingly overnight.
The Federal Reserve chairmanship passed from Alan Greenspan to Ben Bernanke in February
2006, just as the housing calamity was starting to unfold. Bernanke inherited Greenspan’s deflation
problem, which had never really gone away but had been masked by the 2002–4 easy-money policies.
The consumer price index reached an interim peak in July 2008, then fell sharply for the remainder of
that year. Annual inflation year over year from 2008 to 2009 actually dropped for the first time since
1955; inflation was turning to deflation again.
This time the cause was not the Chinese but deleveraging. The housing market collapse in 2007
destroyed the collateral value behind $1 trillion in subprime and other low-quality mortgages, and
trillions of dollars more in derivatives based on those mortgages also collapsed in value. The Panic
of 2008 forced financial firms and leveraged investors to sell assets in a disorderly fire sale to pay
down debt. Other assets came on the market due to insolvencies such as Bear Stearns, Lehman
Brothers, and AIG. The financial panic spread to the real economy as housing starts ground to a halt
and construction jobs disappeared. Unemployment spiked, which was another boost to deflation.
Inflation dropped to 1.6 percent in 2010, identical to the 1.6 percent rate that had spooked Greenspan
in 2001. Bernanke’s response to the looming threat from deflation was even more aggressive than
Greenspan’s response to the same threat almost a decade earlier. Bernanke lowered the effective Fed
Funds rate to close to zero in 2008, where it has remained ever since.
The world is witnessing a climactic battle between deflation and inflation. The deflation is
endogenous, derived from emerging markets’ productivity, demographic shifts, and balance sheet
deleveraging. The inflation is exogenous, coming from central bank interest-rate policy and money
printing. Price index time series are not mere data points; they are more like a seismograph that
measures tectonic plates pushing against each other on a fault line. Often the fault line is quiet, almost
still. At other times it is active, as pressure builds and one plate pushes under another. Inflation was
relatively active in 2011 as the year-over-year increase reached 3.2 percent. Deflation got the upper
hand in late 2012; a four-month stretch from September to December 2012 produced a steady decline
in the consumer price index. The economy is neither in an inflationary nor a deflationary mode; it is
experiencing both at the same time from different causes; price indexes reveal how these offsetting
forces are playing out.

The world is witnessing a climactic battle between deflation and inflation. The deflation is
endogenous, derived from emerging markets’ productivity, demographic shifts, and balance sheet
deleveraging. The inflation is exogenous, coming from central bank interest-rate policy and money
printing. Price index time series are not mere data points; they are more like a seismograph that
measures tectonic plates pushing against each other on a fault line. Often the fault line is quiet, almost
still. At other times it is active, as pressure builds and one plate pushes under another. Inflation was
relatively active in 2011 as the year-over-year increase reached 3.2 percent. Deflation got the upper
hand in late 2012; a four-month stretch from September to December 2012 produced a steady decline
in the consumer price index. The economy is neither in an inflationary nor a deflationary mode; it is
experiencing both at the same time from different causes; price indexes reveal how these offsetting
forces are playing out

This dynamic has profound implications for policy. It means the Fed cannot stop its easing policy
so long as the fundamental deflationary forces are in place. If the Fed relented in its money printing,
deflation would quickly dominate the economy, with disastrous consequences for the national debt,
government revenue, and the banking system. But deflation’s root causes are not going away either. At
least a billion more workers will enter the labor force in Asia, Africa, and Latin America in comingdecades, which will keep downward pressure on costs and prices. Meanwhile a demographic
debacle in developed countries will put downward pressure on aggretavistock demand in these advanced
economies. Finally, technological breakthroughs are accelerating and promise higher productivity
with cheaper goods and services. The energy revolution in natural gas, shale oil, and fracking is
another deflationary force.
In short, the world wants to deflate while governments want to inflate. Neither force will relent, so
the pressure between them will continue to build. It is just a matter of time before the economy
experiences more than just bubbles, but an earthquake in the form of either a deeper depression or
higher inflation, as one force rapidly and unexpectedly overwhelms the other.

What is it that people mean when they say "collapse"?
If by collapse we mean decline, that has been a steady process.
If by an event that precipitates a more rapid collapse in a matter of days/weeks, that will not happen in the USA.

Conversely, Fed policies intended to promote inflation in the United States, partly through
exchange rates, make deflation worse in the economies of U.S. trading partners such as Japan. These
trading partners fight back by cheapening their own currencies. Japan is currently the most prominent
example. The Japanese yen crashed 33 percent against the U.S. dollar in an eight-month stretch from
mid-September 2012 to mid-May 2013. The cheap yen was intended to increase inflation in Japan
through higher import prices for energy. But it also hurt Korean exports from companies such as
Samsung and Hyundai that compete with Japanese exports from Sony and Toyota. This caused Korea
to cut interest rates to cheapen its currency, and so on around the world, in a blur of rate cuts, money
printing, imported inflation, and knock-on effects triggered by Fed manipulation of the world’s
reserve currency. The result is not effective policy; the result is global confusion.
The Federal Reserve defends its market interventions as necessary to overcome market
dysfunctions such as those witnessed in 2008 when liquidity evaporated and confidence in money
market-funds collapsed. Of course, it is also true that the 2008 liquidity crisis was itself the product
of earlier Fed policy blunders starting in 2002. While the Fed is focused on the intended effects of its
policies, it seems to have little regard for the unintended ones.

tl;dr

from what i did read…
i already said this. they are "cheating" in the international trade system

this is incomprehensible. this guy is a fucktard…
…searched for the guy: lawyer and commentator. not an economist or a social scientist of any kind.
called it

still waiting on that peer-reviewed article dipshit

a global currency reset thanks to the IMF taking away the dollar from being a global currency.

then american dollar is fucking devalued.

he knows more than anyone on this shit board.

not if he thinks other countries have to "print" money to "soak up" USD. that's fucktardery at its best.

give me a peer-reviewed academic article asshole. use google scholar. i dare you to find one protip: you can't

(cont) going to nap. have fun wallowing in your stupidity. think about how much you could have learned if you would have just listened instead of being a whiny little bitch

sciencedirect.com/science/article/pii/S0165176517300939

...

Trump needs to push for a global debt reset where all debt from boat loans to Student & house loans, to municipal & national debt would be eradicated world wide.

The Kikes have created more debt than there is money in the world, it's impossible to pay it off.

By doing that the world would turn nationalist,and Trump would be a folk hero. it would be Revolutionary! Just imagine whites and business not being strangled with debt.

yeah, the average normie don't have a clue about the debt bubble.

is like they can't understand an exponential curve.

Also you have to be an special kind of stupid to think the dollar will be dropped anything soon, try again in a couple of centuries

I hate stupid people taking a shot at economics, go get a degree and stop making dumb threads

...

yet we still use it

You are arguing for my point you nigger

KEK

Don't know what you're getting at. It's very obvious that non-Anglo powers want to free themselves from the dollar yoke. Some unsuccesful (Iraq, Libya), some try a middle-of-the-road approach (Brasil, India, Japan), others are preparing for complete dropout (Russia, China).

B - Brazil
R - Russia
I - India
C - China

Tor newfags OUT!

I wish I understood economics
But then again, do economists understand economics?