You said not just that.
"How can the US $ lose its
value? When people stop using the US$ for international
trade.
Otherwise, it is not going
to happen.
You do not use the US $
then what do you use? The Chinese Renminbi? hahahahaha dont make my
toes laugh.
As long as the US$ is used
for "everything" and "everything" is priced in US$, the USA can
print US$ and get away with it."
Are you sure that is going to go on? If the US continues to
create another mountain of debts, the dollar will become too
unstable, hurting international trade. Don't underestimate
China.
I absolutely agree with Europe and Canada that America and its
supporters elsewhere, including you Andrew Yap, are too complacent.
And this is a dangerous mindset.
I encourage you to hoard as much US dollar as you want because
people have no other alternatives. And good luck!
When I asked,
"How
can the US $ lose its value? When people stop using the US$ for
international trade...."
I mean of course, the US$
losing its value like the Zimbabwean dollar. That might change in
the future, when the world agrees on another currency but at the
moment, is there another currency that the world can agree on to
use?
Nope, and as long as the world
does not have another currency to use in international trade, the
US$ will keep its value.
Of course if they keep on
printing "too much" then the value has to fall but do you think
that they are that stupid as to print "too much"?
They print enough to give them an unfair
advantage in world trade but not "too much".
They can afford for the US$ to
fall but not "too much".
China, as long as it continues as a coolie
economy, cannot afford to revalue their currency up. If they can
transform their economy from a coolie economy into a tow kay
economy, they might be able to, but do you see that happening
anytime soon?
The US$ has another trick up
its sleeve. When the price of oil goes up, the amount of US$ needed
in the world goes up with it.
I am too lazy
to find the post where I said to hoard your money, if you are
hoarding money (probably in my Are
foreigners pulling money out of Singapore
banks? thread) you should hoard the Yen.
Subsequently, I said to keep
your money in hard assets. "you must take
their paper money and use it to build businesses, convert the money
to real assets under your control "
"07
Mar `09, 9:16AM"
Where did I ask you to hoard your money in US$?
Name one post that I asked you to do that. You have
another delusion?
