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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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55930382 No.55930382 [Reply] [Original]

https://twitter.com/WatcherGuru/status/1694744639067099184

>> No.55930388

>>55930382
Literal nothing burger.

>> No.55930391

>>55930388
They've abandoned the US dollar for chainlink. It is beginning.

>> No.55930447

>>55930388
so just curious, when all these countries stop trading between themselves with american dollars but they still have lots of american dollars left and no one on earth except america (or trade partners with america) need or even really want american dollars anymore and begin to spend them on all the goods available in america (and it’s trade partners) what will happen then? how will america resupply when much of its goods are imported from a world that just threw all their american money back at america? american citizens can barely afford rent and food so it’s not like countries really see a future in mass-producing items for the american consumer anymore.

>> No.55930449

>>55930382
Based, as an American it’s good to see

>> No.55930458

>>55930382
so what’s stopping the US from just threatening to nuke the planet now?

>> No.55930465

>>55930458
Others have nukes too.

>> No.55930469

>>55930447
They have to settle in their currency duh, like the rest of the world did with dollar all this time

>> No.55930509

>>55930465
That still means BRICS doesn’t win though. In the eyes of the US, it’d be better to die than to lose their current power

>> No.55930547

>>55930447
You fags talk about America like it's India or something. America is and will remain the biggest consoomer in the world for at least the next 50 years.
>b-b-but the spending! the inflation!
EVERY country printed shittons of their currency because covid was a planned global conspiracy to do that. So they're all in the same boat as america.

>> No.55930551

>DXY pumping on this news
Everyone know who will win that war.

>> No.55930587

>>55930547
America is the biggest consumer because the rest of the world takes america’s pretend money. as soon as americans need to trade gold for their cheap plastic shit, they will be a lot more hesitant to buy at all, let alone from foreign countries

>> No.55930605 [DELETED] 

>>55930547
You don't understand anything about economics, the debt that the USA holds dwarfs every other country put together

>> No.55930618
File: 355 KB, 597x394, do_they_not_realize_I_am_perfect.png [View same] [iqdb] [saucenao] [google]
55930618

Great now I can't buy Indian.... um...
Russian... uh... huh

What do they make, again? Socks? Telemarketing?

>> No.55930627

>>55930605
the debt america owes to its own citizens dwarfs the national debt. so many unfunded liabilities. the worst part is that Americans paid into them, and rather than properly investing, they spent it all and rely on borrowing from future generations to feed the bloated social security payments to the wealthiest generation. I will be glad to see the old die

>> No.55930637

>>55930551
Who?

>> No.55930697

>>55930447
those dollars are going to be spent, and eventually will return to the United States.
There are more dollars abroad than actually in the USA.

>> No.55930760

>>55930382
I don’t understand how a modern gold backed currency would work. Can’t countries just lie about how much gold they have?

Would the gold actually need to trade hands or would it be more of a symbolic backing where it just stays in a vault it’s whole life?

>> No.55931002

Bullish for XRP

>> No.55931449
File: 1.23 MB, 420x313, 1672369523714119.gif [View same] [iqdb] [saucenao] [google]
55931449

>>55930547
>America is and will remain the biggest consoomer in the world for at least the next 50 years
Anon I'd ask you to prepare yourself for less favorable scenarios. All those dollars are going to find their way home before long. And when they do, it isn't going to be pretty.

>> No.55931507
File: 1.73 MB, 1170x1834, 1679268062349030.png [View same] [iqdb] [saucenao] [google]
55931507

>>55930697
>There are more dollars abroad than actually in the USA.
I am SO glad you said this. Finally! Holy shit, after lurking this board for so long there's FINALLY someone who said this.
Wow, never thought I'd be able to finally see these exact words.
Now anon, let me ask you this:
With a country as so desperate enough to do pic rel, what do you think will happen when an avalanche of USD comes back to homeland?
Just in specific to USD itself, as in, the value/worth.

>> No.55931522

>>55930637
Joe

>> No.55931603

>>55930391
based

>> No.55931628

>>55931522
Mama

>> No.55931962

>>55930509
no it isn't, only in your head brandon

>> No.55932017

>>55930447
US will finally be net exporter, after 50 years of trade deficit. Too bad the US does not produce anything anymore, so foreign dollar spenders will buy just anything they can. For a moment it might look great, but once the stacked reserve dollars have been spent, there will be nothing left, but a hyperinflating usd and no products left to sell

>> No.55932055
File: 23 KB, 563x409, 1671546064915913.jpg [View same] [iqdb] [saucenao] [google]
55932055

>>55932017
The only thing America and the west has built their economy on is
>REAL ESTATE
But who the fuck wants to live in Niggerville America or Mumbai Canada?

America's biggest strength is it's ability to produce propaganda and convince 3rd world retards that the streets are paved in gold

Once the illusion is broken, there's no saving the Collapse

>> No.55932075

>>55932017
USA produces more than 50% of goods in the world:
>IT: Ibm, Microsoft, Apple, silicon valley
>Hollywood
>Cars, Aviation, Tesla, Starlink etc
>Oil and gas
>Farms
And other many many things

>> No.55932119
File: 197 KB, 640x518, pepe HUUUUUUUUUH.jpg [View same] [iqdb] [saucenao] [google]
55932119

>>55932075
>Goods
>Hollywood

>> No.55932176

>>55932075
We also export bullshit and the gay agenda

>> No.55932197

>>55931507
Do they have to come home to roost if they’re being lent out by European banks?

>> No.55932429

>>55932075
They make it in Asia, sell it in US, and pay no taxes. This stops the moment usd loses its reserve status. Be it 10y or 40y

>> No.55932516

omg some shithole countries hecking teamed up like the avengers against globohomo this is the end but for real this time can't wait for the dictatorships to win

>> No.55932547

>>55932516
>omg some shithole countries hecking teamed up like the avengers against globohomo this is the end but for real this time can't wait for the dictatorships to win
imagine unironically typing this out

>> No.55932570

>>55932547
he's right tho, chuds are supporting brown people just to be contrarian

>> No.55932662

>>55931002
kek baggies r so far gone in lala land

>> No.55932729

>>55930618
Considering every fucking thing you spend way too much money on comes from China, this is actually a pretty big deal

>> No.55932913

>>55932570
The enemy of my enemy is my friend. Globohomo must die.

>> No.55932947

>>55932913
You're only getting another globohomo in return. Now with even more brown people.

>> No.55932983

>>55930382
Does this mean the west will finally stop importing useless tat from China? I’m imagining a dystopian world where I can buy quality British made goods again

>> No.55932994

>>55932947
The current globohomo is forcing my country to keep the floodgates open and import browns by the millions, and they say I'm the bad person. It can't get worse than this.

>> No.55933035

>>55932913
>>55932994
>brown third world shitholes will save the white race!
why would they do that

>> No.55933249

>>55930447
>Link Time traveler was real, Link will be worth 81k in 2025.
>Also in 2025 a loaf of bread will be 81k

Starting to make sense now.

>> No.55933277

>>55930447
We'll just fudge the numbers more and gaslight those people having trouble affording rent and food into thinking it's their fault.

>> No.55933896

>>55930382
They are not the first to abandon the US dollar, I did it some months ago since I started paying with crypto via my CryptMi card kek

>> No.55933951

>>55930547
It's faggots like you that will be jumping from top skyscrapers next year.
Gonna be great.
Hope you kill your family before you do it.

>> No.55934254

>>55933896
Crypto payment should be the solution

>> No.55934329

>>55930547
Just look at history, powers come and go. But i'm sure this time is different.

>> No.55934424

>>55930382
SAUCIEE RIBS ALLIANCE WILL RULE THE WORLD.

>> No.55934587

>>55930697
Gonna be hilarious when US doesn't accept dollars anymore.

>> No.55934725

>>55930382
tick tock amerifags

>> No.55934757
File: 976 KB, 1272x1328, Screenshot 2023-08-24 195319.png [View same] [iqdb] [saucenao] [google]
55934757

>>55930382
>https://twitter.com/WatcherGuru/status/1694744639067099184
Why is their website so SHITTY? Even the SSL certificate is missing

>> No.55934763

>>55932729
>comes from China
Produced by subcontractors to American multinational conglomerates. China's economy is fucked if the dollar is actually rejected.

>> No.55934785

>>55930382
Did they say what's replacing it? Just a basket of the members currencies?

>> No.55934792

>>55930382
Death to (((fiat)))

>> No.55934798

>>55930509
Samson option

>> No.55934897

>>55934785
Rumour is gold. Those nations have been buying up pretty hardcore recently.

>> No.55934901

>>55931507
Uhhhhhh hyperinflation, my numbers go up

>> No.55934949

>>55934897
What I've heard is Gold pegged currency but not redeemable. As the price of gold in dollars goes up the value of BRIC Bucks to dollars goes up.

https://youtu.be/88pP53lcBwQ?si=MnIVv0SwN0XrJ6uf&t=1171

>> No.55934968

>>55934949
Pegging is never a good idea
We had it in Lebanon and now suffering the drastic consequences

>> No.55935000

>>55930447
Their dollars are demoninated in bonds.

The USD bond market is going to implode, and the Fed's balance sheet is going to explode.

Expect more credit downgrades and worse lending rates.
Think 3rd world tier in the next few years.

>> No.55935026

>>55930547
>biggest consoomer
This was only possible because countries needed to inflate their foreign reserve accounts to trade internationally with USD.

With no USD as world reserve currency they don't have the market depth to continue to print and get shit for free.

>> No.55935121

>>55932197
Do you think European banks want to hold a big pile of steaming shit? Shit that gets smellier and nastier the longer they hold on to it?

>> No.55935167

>>55930382
Then they dump their currency for usd anyways. Literal nothing burger. Although i do find it ironic that western news media are saying china will collapse from deflation why they themselves harp on the unaffordibility of stateside inflation

>> No.55935186

>>55932075
Our trade deficit is almost 1T/year. This is the real cause of the brrrrrrrr: there needs to be paper to sell to thirdies

>> No.55935193

>>55935167
Foreign holdings of USD securities has gone down

>> No.55935199
File: 295 KB, 1548x1024, Oliver-Anthony-Rich-Men-North-Of-Richmond-screenshot-billboard-1548.jpg [View same] [iqdb] [saucenao] [google]
55935199

>>55933277
not for much longer

>> No.55935207

>>55930760
>Can’t countries just lie about how much gold they have?
that's literally what they always did, from the very beginning.

>> No.55935221

>>55932055
i wish the illusion would break sooner so indians and muslims would stop coming here.

>> No.55935268

>>55932055
The worst bumfuck redneck town is better than 99% of indian villages. It doesnt have to be gold it just has to be better

>>55935193
The largest commodity markets are still denominated in usd. Thats not changing anytime soon

>> No.55935302

>>55932983
we're seeing globalization break down in real time. next comes chinese local and state government debt as more real estate development and trust companies default on their enormous debt and all the leverage comes due

>> No.55935362

>>55934897
>Rumour is gold.
No shit that's the rumour, the fact they haven't actually announced it is indicative that's all it'll remain.

>> No.55935425

>>55935362
If you have the internet trying looking it up yourself.

>> No.55935454

>>55935362
Its a financial war, they won't announce shit until it's ready to go. Until then its a guessing game.

>> No.55935534

>>55935454
Russia's Gazpromneft and BitRiver Partner to Develop Crypto Mining Operations
The oil-producing subsidiary of state-owned natural gas giant Gazprom will provide energy to data centers set up by BitRiver.

>> No.55935716
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55935716

>>55934587

>> No.55935837

>>55935454
>Its a financial war, they won't announce shit until it's ready to go.
>Against their biggest customers
I doubt it.

>> No.55936053

Amerifats seething iit lmao

>> No.55936055

>>55933277
If you can’t afford food in the states you are mentally ill

>> No.55936151

turd worlders can keep dreaming of an imminent US collapse but it's not gonna happen in their impoverished lifetimes
the US is still where the top innovations come from, where the top businesses are located and where the top talent is
BRICS shitholes will simply never be able to compete

>> No.55936324

>>55935268
All it takes is oil and the entire thing breaks down. Good thing Biden draining the reserves!

>> No.55936459

>>55930382
This is excellent news. Thirdies are finally emancipating themselves from the 1st world.
t. 1st worlder.

>> No.55936492
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55936492

>>55930388
I had a chicken burger for dinner earlier.

>> No.55936631
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55936631

>>55930382
fuck BRICS. america looks after its own and its partners who believe in capitalism. BRICS countries do not. they're the nu axis powers. India is making a huge mistake partnering with them

>> No.55936659

>>55936324
The US is the single largest petroleum producing nation in the world though.

>> No.55936724

>>55936631
Ok Great Satan

>> No.55936758
File: 16 KB, 645x770, poltard.png [View same] [iqdb] [saucenao] [google]
55936758

>>55930547
>covid was a planned global conspiracy

>> No.55936781

>>55930627
Yeah dude when boomers die the economy will look up and everything will be better, we aren't going to be plunged into Weimar 4.0 with the most degenerate, non-white population make up ever. You're definitely really smart and not a dumb faggot retard.

>> No.55936937

>>55930382
They abandoned the US dollar for US dollar derivative toilet paper. Whow

>> No.55937475

none of you smooth brains have mentioned mining yet. The USA has so many mining interests and claims on tenements around the world. Do you seriously not realise that when a country has a diplomatic presence in a country or military it coincides with mining. Also the multinational US based companies that have subsidiaries around the world supplying food and building materials.
Brainlets honestly think manufacturing/mining/farming on home soil is the strength of a nation. idiots

>> No.55937491
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55937491

A bunch of subhuman 3rd worlders think 1st worlders will use their shitcoin backed by a good word of subhuman niggers

>> No.55937522

brics is based because maybe it will cause shitskins to reconsider coming to the west

>> No.55937527

>>55930547
>EVERY country printed shittons of their currency because covid was a planned global conspiracy to do that. So they're all in the same boat as america
This

>> No.55937542
File: 381 KB, 2544x4000, dee.jpg [View same] [iqdb] [saucenao] [google]
55937542

>>55930382
burgers about to pay $30 for a cup of coffee.

>> No.55937564
File: 269 KB, 1693x2048, 1663472573145495.jpg [View same] [iqdb] [saucenao] [google]
55937564

>>55930587
>America is the biggest consumer because the rest of the world takes america’s pretend money. as soon as americans need to trade gold for their cheap plastic shit, they will be a lot more hesitant to buy at all, let alone from foreign countries
In that case China has to keep their cheap plastic shink shit, i guess. Who will buy their wares, if they don't accept $ or €?

>> No.55937840

Honestly it makes sense that USA slowly just becomes one country among many. The only reason it became so powerful over other countries was because europe went full retard twice with world wars in early part of 20th century. There was nothing that special about USA itself, other countries just decided to wreck themselfs with war.

>> No.55938551

>>55930388
This
Imagine caring what shithole countries do
Guess which currency EVERYONE on earth buys when their local governments are collapsing?

>> No.55938655
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55938655

>>55930618
literally everything, what does america makes? entitle whores and never grown man children?

>> No.55938820
File: 66 KB, 750x1000, bg,f8f8f8-flat,750x,075,f-pad,750x1000,f8f8f8.jpg [View same] [iqdb] [saucenao] [google]
55938820

>>55930447
I don't think America cares, because that's not how the economic plumbing is set up. Do you know why most of those countries have parked over 90% of their external reserved in USD?
Nobody forced them.
They do it willingly, because it is stable, because Americas economy is stable. It's isn't mismanaged in the sense that you could potentially have a dictator come in next week and just break the rules.

>Meanwhile, Egypt has an inflation of 36% and a zealot government.
>Argentina has an inflation rate of 113% and has basically collapsed.
>Russia's ruble reaching toilet paper status, with a dictator on a opponent killing-spree. Future extremely uncertain.
>South Africa is a failed state, and it will only get worse from here. We all know why.
>India has some upsides, albeit overblown.
>China is facing either several lost decades if they switch to a service economy, or keep up the old model and implode, coupled with terrible demographics and a closed off economic system that could be flipped into nothing overnight.
On and on.
Of course they're fucking pissed, because they've pissed away their own economies through bad decisions and think that sticking it to those doing good will somehow reverse it. Doing trade in these volatile currencies will only worsen their position.

>> No.55939611

>>55932547
i use speech to text software

>> No.55939624

>>55930382
Now we watch the BRICS members try to scam each other out of their respective gold reserves.

>> No.55940204

>>55930382
So, they don't want dollar as reserve of valor anymore, what does this means when they restart printing machine?

>> No.55940291

>>55930382
Unfortunately it will be war to keep the USD alive. Unless, of course, the destruction of America and its people is the goal.

>> No.55940301
File: 344 KB, 1920x1167, Send in the Clowns.jpg [View same] [iqdb] [saucenao] [google]
55940301

>>55939624
this. it's like The Treasure of the Sierra Madre. honor among thieves shit lol. I know Putin hates the chinks. he just hates us more ever since we blew up the nordstream pipeline. the chinks always flip flop anyway (no pun intended). BRICS aka DOA

>> No.55940307

>>55930447
All those dollars that were abroad come back home and you'll see inflation unparalleled in human history. Bread at $1,000. Milk for $2,000. A compact car will cost over $5,000,000. A bj from OP's mom will still be $5 tho

>> No.55940318

>>55930388
This. No more burgers, hard times ahead

>> No.55940346

I asked chatgpt:
If the BRICS countries were to stop using the dollar as an international reserve currency and, at the same time, continued to print more money, it could have several implications for the US economy. However, it's important to remember that this is a highly complex and hypothetical situation, and outcomes can vary based on various factors. Here are some potential consequences:

Dollar Depreciation: The withdrawal of the dollar as a reserve currency and excessive money printing by the BRICS countries could lead to a significant depreciation of the dollar. This could increase inflation in the US as imports become more expensive.
Rising Interest Rates: To curb inflation caused by the dollar depreciation, the US Federal Reserve (Fed) might be compelled to raise interest rates. This could negatively impact consumption, investments, and borrowing.

Market Volatility: The combination of dollar depreciation and the discontinuation of the dollar's use as a reserve currency could cause turbulence in financial markets, including fluctuations in stock markets and exchange rates.

Debt Costs: US public debt is denominated in dollars. If there were a significant dollar depreciation, the real cost of debt in terms of purchasing power could increase.

Export Impact: Dollar depreciation could make US exports more price-competitive, benefiting export industries.

Monetary Policy Challenges: The Fed would have to grapple with the challenge of balancing the need to control inflation while maintaining a stable and healthy economy.

Foreign Investor Dependence: If the dollar's value declines and interest rates rise, the US might become even more reliant on foreign investors to finance its debt and deficits.

Geopolitical Impacts: Changing the dollar's status as an international reserve currency could have geopolitical implications, affecting international relations and US influence.

>> No.55940442

>>55940346
chatgpt understood it wrong, this is the real answer:
If the BRICS countries were to stop using the dollar as an international reserve currency and, in addition, the US continued to print more money, several potential consequences could impact the American economy. Here are some possible scenarios:

1. **Dollar Depreciation Intensified**: The withdrawal of the dollar as a reserve currency, combined with continued money printing by the US, could lead to a substantial depreciation of the dollar. This might result in higher import costs, contributing to inflation.
2. **Inflation Escalation**: The excessive money supply growth due to continued printing could further exacerbate inflationary pressures, driving up the prices of goods and services domestically.
3. **Reduced Global Confidence**: The abandonment of the dollar as a global reserve currency could erode international confidence in the US dollar, potentially leading to capital flight and reduced foreign investments in the US.
4. **Higher Interest Rates**: To manage escalating inflation, the US Federal Reserve might need to raise interest rates to maintain economic stability. Higher rates could affect borrowing costs for businesses and consumers.
5. **Impact on Debt**: If the US government continues to borrow and print money amid a depreciating dollar, it could face challenges in servicing its existing debt and attracting buyers for its bonds, potentially leading to a debt crisis.

>> No.55940448

>>55940442
6. **Trade and Exports**: A weaker dollar might make American exports more competitive globally, but it could also lead to retaliation in trade relationships, affecting export industries.
7. **Domestic Economy Strain**: High inflation and a depreciating currency could erode purchasing power for American consumers and potentially disrupt economic growth.
8. **Global Rebalancing**: Other economies might seek alternative reserve currencies, diversifying away from the dollar. This could shift the global financial landscape and impact the US dollar's role in international trade.
9. **Geopolitical Implications**: The changing dynamics could have geopolitical consequences, affecting the US's position on the global stage and its relationships with other nations.
It's important to emphasize that economic scenarios are highly complex and interconnected. The outcomes would depend on various factors, including the policies implemented by both the US and the BRICS countries, the reactions of other nations, and the overall global economic landscape.

>> No.55940903

is this vatnikposting?

>> No.55941173

>>55940903
Yes.
Fuck em.
We really should only let free men from liberal democracies with free voting post on 4chins.

>> No.55941207

>>55932547
OPEC held the US economy by the balls a few times and they were just sand nigs

>> No.55941502

>>55941207
And they stayed sand nigs, meanwhile the US calls the shots.

>> No.55941685
File: 119 KB, 338x272, 1668825659872339.png [View same] [iqdb] [saucenao] [google]
55941685

>>55932075
>IT: Ibm, Microsoft, Apple, silicon valley
It's all botnet tier crap for CIA niggers to spy on the rest of the world. We're better off with our own systems based on ARM and Linux/BSD.
>Hollywood
Just endless LGBT nigger propaganda.
>Cars, Aviation, Tesla, Starlink etc
We build our own cars and aircraft, even satellites. Don't need yours.
>Oil and gas
We can get that easily from Russia and the middle-east.
>Farms
Yeah we got loads of those too, don't need yours.
Ultimately you don't provide much value to the rest of the world. And you take much more than you give. Your biggest export by far has been death and destruction, and subversion of various types.

>> No.55942366

>>55940307
>A bj from OP's mom will still be $5 tho

Nice

>> No.55942703
File: 865 KB, 2544x4000, 1661530139230702.jpg [View same] [iqdb] [saucenao] [google]
55942703

>>55936053
They are delusional. They don't even know how the dollar operates and how they "export" inflation to other countries by send the dollar out of the country. Guess what happens once nobody uses them papers....

>> No.55942795

>>55934329
This time it has to be different because progressive authoritarianism backed up by neoliberal "soft power" (aka bombs) leads to the end of history in the delusional democrat-marxist mind.

>> No.55942884

This is just western Mongolian propaganda. BRICS has amounted to fucking since its inception and none of its members are serious about it with India chugging american dick constantly and China begging the US to lift the sanctions.
BRICS is an overrated panamerican congress0