Cannydc wrote:Properties are worth nothing, until you try to sell them.
Sucking the perceived asset equity out in the form of loans is the stupidest financial thing people have done in the last 30 years.
Buy a house, live in the house. Trade up or down modestly as and when you need to move. It isn't a free-access bank account.
Stooo wrote:Petrodollar end looming as China & allies dump it in oil trading
This is a literal threat of war.
Rolluplostinspace wrote:Britain had a reserve currency status not a petro pound or anything similar.
We also had an empire of nations where you have an empire state ... again very different.
There has never been anything like the petrodollar and nothing economically so vast and intertwined.
Everyday every nation has to buy dollars just to purchase a vital called oil anywhere in the world.
The middle man making a mint who no one wants any longer.
This gives you pouring in to your economy every currency on earth which you then send back for wine cheese metals whatever.
Essentially you are getting the produce of the world for free ... for the cost of printing paper and you get to purchase oil with the very paper you alone print.
This is economic power no other nation comes anywhere near having and you still manage to end up twenty or more trillion dollars in debt!
Every economists discussing this situation is talking of hell on earth for America when it collapses.
The vast majority of the American public don't understand this or don't even know about it.
Tom for example talks of inheriting a property business from his dad.
Great business man Tom isn't as he has no clue what's going on!
You sound no better.
Maddog wrote:Stooo wrote:Petrodollar end looming as China & allies dump it in oil trading
This is a literal threat of war.
The petrodollar will be gone at some point, because oil is going to be a much smaller factor in trade in the coming years. It will go back to being mostly a lubricant and not a fuel. When I go to the grocery store, there are parking spots to plug in your electric cars. When I appraise houses I'm starting to see solar panels on roofs, when 10 years ago they were mostly non existent. West Texas is full of wind farms. I read somewhere that kids born this year, will likely never own a petroleum powered car. And I live in Texas. There are other places way ahead of us in renewables, which is the way of the future as it makes so much sense
Now if you are talking about the dollar no longer being the reserve currency of the planet, I guess that's possible. Until 1945 it was the British Pound. The US dollar made more sense then. I'm not sure there another currency that makes more sense than the US dollar, but I guess the Yuan could at some point. If that happens, the US will survive, like the UK did in 1945.
Guest wrote:Maddog wrote:Stooo wrote:Petrodollar end looming as China & allies dump it in oil trading
This is a literal threat of war.
The petrodollar will be gone at some point, because oil is going to be a much smaller factor in trade in the coming years. It will go back to being mostly a lubricant and not a fuel. When I go to the grocery store, there are parking spots to plug in your electric cars. When I appraise houses I'm starting to see solar panels on roofs, when 10 years ago they were mostly non existent. West Texas is full of wind farms. I read somewhere that kids born this year, will likely never own a petroleum powered car. And I live in Texas. There are other places way ahead of us in renewables, which is the way of the future as it makes so much sense
Now if you are talking about the dollar no longer being the reserve currency of the planet, I guess that's possible. Until 1945 it was the British Pound. The US dollar made more sense then. I'm not sure there another currency that makes more sense than the US dollar, but I guess the Yuan could at some point. If that happens, the US will survive, like the UK did in 1945.
Wind power and solar panels will be powering airplanes?
Guest wrote:Maddog wrote:Stooo wrote:Petrodollar end looming as China & allies dump it in oil trading
This is a literal threat of war.
The petrodollar will be gone at some point, because oil is going to be a much smaller factor in trade in the coming years. It will go back to being mostly a lubricant and not a fuel. When I go to the grocery store, there are parking spots to plug in your electric cars. When I appraise houses I'm starting to see solar panels on roofs, when 10 years ago they were mostly non existent. West Texas is full of wind farms. I read somewhere that kids born this year, will likely never own a petroleum powered car. And I live in Texas. There are other places way ahead of us in renewables, which is the way of the future as it makes so much sense
Now if you are talking about the dollar no longer being the reserve currency of the planet, I guess that's possible. Until 1945 it was the British Pound. The US dollar made more sense then. I'm not sure there another currency that makes more sense than the US dollar, but I guess the Yuan could at some point. If that happens, the US will survive, like the UK did in 1945.
Wind power and solar panels will be powering airplanes?
Maddog wrote:Guest wrote:Maddog wrote:Stooo wrote:Petrodollar end looming as China & allies dump it in oil trading
This is a literal threat of war.
The petrodollar will be gone at some point, because oil is going to be a much smaller factor in trade in the coming years. It will go back to being mostly a lubricant and not a fuel. When I go to the grocery store, there are parking spots to plug in your electric cars. When I appraise houses I'm starting to see solar panels on roofs, when 10 years ago they were mostly non existent. West Texas is full of wind farms. I read somewhere that kids born this year, will likely never own a petroleum powered car. And I live in Texas. There are other places way ahead of us in renewables, which is the way of the future as it makes so much sense
Now if you are talking about the dollar no longer being the reserve currency of the planet, I guess that's possible. Until 1945 it was the British Pound. The US dollar made more sense then. I'm not sure there another currency that makes more sense than the US dollar, but I guess the Yuan could at some point. If that happens, the US will survive, like the UK did in 1945.
Wind power and solar panels will be powering airplanes?
Probably not, but oil will be going the way of coal. Used far less than it used to. Might be talking about lithium dollars in the future.
Maddog wrote:https://www.economist.com/news/business/21688386-amid-surge-demand-rechargeable-batteries-companies-are-scrambling-supplies
This kinda lithium.
Rolluplostinspace wrote:The brainwashed American public love the exceptional people tag .... another Nazi ideology.
That exceptional that they have been a mere blip in history regarding science military might and economy.
China India and Asia in general have thousands of years history culture science maths engineering medicine and trade.
For twenty years they have been buying up the gold.
The world is now moving once again to a gold backed economy.
Bundles of paper are no longer what people want long term.
Whether that paper be called money or bonds or whatever.
It looks like they are going to clean up the rest of the gold very shortly but don't want to rush as that would push the price of gold up to quickly.
Of course Russia China India want the price of their gold to be as high as possible but that's once they own it.
They are buying this gold not with their own currencies but with dollars and dollar debt that they hold but the buyers are wising up so it will be soon when they ditch their remaining dollars.
When they do that the value of the dollar which has nothing to back it will fall in value probably that rapidly that it will collapse.
The price of gold will rocket making the currencies in China Russia and India very attractive indeed and that is what is happening now.
The blip on the screen called America will disappear from the world stage and the wealth and power will return to Asia where it rested for thousands of years.
One problem and it's a big one.
America is a militarised nation and has bases all over the planet especially where there's oil.
So America will become more and more aggressive and dangerous as can be seen from the opening of this century.
At this point they are doing what no other nation has ever done in threatening to wipe a country and it's twenty five million people out completely.
In Asia.
America is bankrupt.
Busted with no way out.
It is surviving on wallpaper money and the last gasps of the petrodollar.
As an oil exporter it will be able to survive but with all those trillions of dollars coming back home they are going to have to burn most of it.
They will have to remove dollars by the ton after ton after ton domestically and internationally causing a massive asset price collapse.
In the mist of this huge geopolitical economic tsunami Britain decides to go it alone!
Europe by sheer size and closeness to Russia Iran India China with historical ties etc will have a huge buffer from this tsunami and is poised to integrate into the new reality.
The birth of the Eurasian super state made up of diverse nations with real money based on gold.
The blip that was America will become a very second rate war like nation that will have to invade the whole of S America to have any chance of recovering it's living standards and influence on the world stage.
A much diminished influence but influence none the less.
Britain and the pound will be where?
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