Taiwan, Property Rights, Democracy and The Fall of The U.S. Dollar – Get a Basic Understanding of the Current DEMAND for U.S. Dollars – April 11, 2023,
So there’s a lot of talk about the U.S. dollar losing it’s reserve status as if the FREE MARKET has no say in the matter. The truth of the matter is that the main reason the U.S. has world reserve currency status is the same reason why there’s a lot of demand for Swiss francs.
PROPERTY RIGHTS, Idiot Voters, and Democracy
I can almost guarantee you that whatever nation you live in, the majority of the inhabitants are what I call IDIOT SOCIALISTS, meaning that they love the concept of socialism as long as they imagine themselves only as the beneficiaries of it.
There’s a cost of socialism, and that cost is to GIVE UP PROPERTY RIGHTS. Eliminating the DUE PROCESS of others is FUN, but when it happens to you, that’s when you realize what you voted for.
Even when the socialist people voters government that they voted for turns against them, a lot of those same idiot socialists will be accepting of the new tyranny, assuming that “well, that’s just how things are now, to end the courage of capitalism.”
Yes, a lot of humans really are this STUPID, and the faster you comprehend this, the faster you’ll understand the DEMAND for U.S. dollars in the PHYSICAL cash form. Even with all corruption currently happening in the U.S. you’d be surprised to learn how much TYRANNY is normalized in other Western Nations.
In Canada, during the covid-19 lockdowns, their tyrannical Prime Minister NATIONALIZED private banks, a reminder that Canada’s Prime minister was democratically elected, and a lot of Canadians SUPPORTED the CONFISCATION of private property simply because the Prime Minister FELT LIKE IT!
Now, in modern times, do you really think Joe Biden could Nationalize ALL U.S. Banks without chaos from both the Left and the Right political factions? I’ve seen the left burn down cities for less; imagine Leftists not having access to their money? or being told the President is having a Bank Holiday because some people who the President doesn’t like decided to protest his covid-19 mandates.
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You never know until it happens, but I think there would be complete chaos in America, but in Canada, the people were TRAINED to obey their government, so when banks were frozen, Canadians, like the sheeple they are made a few negative comments and proceeded as usual.
The U.S. dollar also has something called the EURODOLLAR, which is basically U.S. dollars that have their own financial infrastructure outside of the U.S. government. I can go to banks outside of the U.S., and not only BORROW in U.S. dollars but in a lot of countries; I can shop USING U.S. dollars in CASH FORM.
If, as an example, you try to purchase things outside of Canada using Canadian dollars, most people would ask you, “WTF is this?” whereas, with the Greenback, their currency is recognized globally.
The U.S. is currently known for RESPECTING property rights more than most other countries. Even in Switzerland, their small Federal Government does its best to make sure the Swiss Franc doesn’t appreciate in value, which is what would happen if the Swiss, also known for respecting rights, allowed the Swiss Franc to develop the financial infrastructure that would enable it to be used FREELY all over the globe.
Taiwan’s Democracy is a clear Sign That Chinese People Would Do Just Fine Without The Chinese Communist Party
What Taiwan represents is a preview of what mainland China would look like without the Chinese Communist Party. Hong Kong, did just fine, prior to the Mainland taking control, and Taiwan is clear concrete evidence that the Chinese Communist Party(CCP) is a hindrance to growth.
Now, if you imagine that the Chinese Yuan could usurp the U.S. dollar, then you clearly don’t understand how socialists and communists view PRIVATE PROPERTY.
In mainland China whenever the CCP feels like, they’ll nationalize private property, and unlike Canada, where it might be used for “Unique” circumstances and be used as a “temporary measure” to combat “terrorism,” the CCP will do it whenever they feel like it because the CCP are the People and the Republic and therefore anything the CCP does is for the “greater good” of the people on the mainland.
Now, if you have a brain, would you want to hoard the Chinese Yuan? Because many in the mainland don’t hoard renminbi, in fact, the CCP has to make sure it has CAPITAL controls, which is one of the reasons why there’s a Yuan and Renimibi.
No sane person in their right mind wants money that’s clearly 100% political in nature, and this, ofcourse fuels the U.S. dollar. With that said, if I’m doing big business and I want to avoid U.S. sanctions, I’m very happy that China has now created a means that allows me to avoid those tyrannical U.S. dollar-denominated sanctions, but it doesn’t mean that I’ll dump U.S. dollars entirely, it just means that I’ll have to purchase U.S. dollars elsewhere.
The U.S. Dollar Replacement will be gradual.
Now that you grasp the concept, let’s talk about the gradual replacement of the U.S. dollar, which is inevitable; so now that the U.S. government has made using sanctions as a means to weaponize its currency, the market as it always does, will find a replacement to the U.S. dollar.
The other day you heard a lot about people purchasing art to save themselves from inflation; well, the market will eventually find a U.S. dollar replacement, which very well could wind up being PRIVATE SECTOR gold.
The welfare state of almost every nation could not support a gold standard; however, Bitcoin and cryptocurrencies, in general, have shown the world the market will always adjust.
I personally thin digital currencies are a fad because people want TRUE decentralization, and the problem with digital decentralization is that, well, it’s not really decentralized. As many people are aware, using fiat Yuan, the CCP bought up a lot of Bitcoin and Ethereum.
Sure, a lot of it came via FORCED sales when the CCP made DECENTRALIZED currencies illegal, but it goes to show you the weakness in the crypto space. Sue, you can hold onto your crypto, but how does a Chinese jail sound?
How the U.S. dollar is dethroned is anyone’s guess, it can happen in a plethora of ways, but to dethrone the U.S. dollar is for the world, which includes China, to have their welfare states EXPOSED. Most countries in the world can’t finance their welfare state, meaning that if the fiat standard we know today were to fall, ALL PRICES would have to be rediscovered.
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Anyone who lived through hyperinflation knows how hard it is to rediscover prices once confidence in the currency is gone. Sure, we can go back to a gold standard, but that’s deflationary, and it would also equate to FORCED austerity measures.
We have a lot of frivolous regulations in most Western nations; the idiot voters went as far as to vote to phase out fossil fuels under a gold standard; the climate change agenda alone would bankrupt the entire Western world and globe within weeks. So again, this is why you should know that the likelihood of the U.S. dollar being replaced in the very near future without a natural or unexpected disaster is MINIMAL.
Interesting times ahead!