What If the Dollar Falls?

[Dutch Uncle]

There is no such thing as a 'petrodollar'.

Thank you for proving the limits of your intellect. IMO, it's like mapping out a wilderness; determining where the water its, the game, obstacles such as cliffs, etc.

 

[Into the Night]

that part about makets backed by rule of law is false now that china was given favored nation trading status while their firms are not held to standard accounting practices.

the elites have fucked over "their" own system to accomodate china's takeover.

they are traitors.

There is no 'standard accounting practices' in any corporation. Accounting must handle local tax law and provide required reporting in accordance with investor trading laws. That's it.
That said, businesses generally run accounting systems for AR, AP, GL, INV, and payroll. Payroll is the nastiest, with so many screwy laws around it in the States.
Manufacturers also typically run MRP as well.

WTF is an 'international traitor'?????!?

 

[Into the Night]

what does the law say?

I believe in due process, and maybe a plea deal for these 'tards.

Void argument fallacy. You seem to have lost context. People in other countries do not have to conform to US law.

 

[Into the Night]

so what about china's firms not being held to basic accounting standards?

are you a traitor too?

There is no such thing as 'basic accounting standards'. Accounting is different for every company.

 

[Into the Night]

You've repeatedly displayed a hate for the US government and supportive of those seeking to violently overthrow it, Fredo.

Hallucination. He is not describing the government, dumbass.

 

[Into the Night]

And give tips to looney toon psychos like you, Sybil and the racist fuckwits? You'll have to figure it out on your own.

You already 'give tips' to Sybil, since Sybil is you, racist fuckwit.

 

[Into the Night]

you were talking about the penalty for treason....

are u fucking dumb or something?

He's not talking about anything. YOU are talking about 'treason' and 'traitors'. WTF is an 'international traitor'??????!?

 

[Into the Night]

no, you were talking about whether those who allow china firms to have shoddy accounting should be hung.

The penalty for lousy accountants isn't death.
It's getting fired.

 

[Into the Night]

How so? Our entire foreign policy depends upon a stable dollar.

The dollar isn't stable.

 

[Into the Night]

Fiat currencies come and go, Guille, same with empires. The dollar has run its course, crypto proved that. Time to move into the 21st century.

I don't think the dollar is going to be abandoned quite yet. People are looking around for other currencies though.

 

[Into the Night]

Do you know what a currency is? It has to hold value to be a currency.

Currency is not wealth. It is a medium for trading wealth. It is easier to use than direct barter.
Money does NOT have to hold value to still be money, so long as it has a value at all (the ability to buy something with it).

 

[Into the Night]

I know the dollar along with the US empire is in decline. There's no value in debt.

Fiat money is in and of itself a type of debt. It is a liability on the issuing government.

 

[Into the Night]

That's not what I said.

1) Crypto doesn't hold value, it's not a currency.

2) The dollar does hold value...it's always worth a dollar.

Suck it enemy agent.

Certain crypto, such as Bitcoin, is a currency. You can buy things with it. That is value. Like any money, it does not have to 'hold it's value'...it just has to have value (you can buy something with it).
A dollar's value is not that it's a dollar. That is a circular definition and a fallacy. Money is not wealth. It is only a medium of exchange of wealth.

 

[Into the Night]

Then why is the US so desperate for a digital dollar?

The dollar is already digital. Paper dollars are only a small fraction of the dollars out there.

 

[Into the Night]

The US isn't desperate for it.

The dollar is already digital.

 

[Into the Night]

Your ignorance is showing. The digital dollar is about to be forced down the throats of the west as foie gras for our ruling elite.

The dollar is already digital.

 

[Into the Night]

they printed it into oblivion, making sure they got tons of the fake shit to buy up all the real assets and fuck everyone else.

"they" is the banker fascists we often discuss.

our elites are clearly with the ccp.

the "but they wouldnt do that" argument doesn't work anymore.

'Printing it into oblivion' is of course a colloquial description of what is happening to the dollar (not all of them are printed).
What 'banker fascists' do you refer to? Banks are corporations like any other, except for being under the heel of the Federal Reserve.
Do what? Void argument fallacy. Who is 'they'?

 

[Into the Night]

Who profits from a devalued dollar? This isn't rocket science.

No one profits from a devalued dollar...not even the government.
It DOES make it easier for the government to repay it's debt with money of less value though...essentially paying off it's debt with funny money.

 

[Into the Night]

Almost every one of these fucks has no idea how late it is, how brutal the future will be, and how poorly they are prepared for their fate.

Here you are quite right. The federal government cannot escape it's fate, no matter how many dollars it 'prints' to get itself out of it's financial mess.
Welfare recipients are going to be hit particular hard, as these programs fail.

 

[Into the Night]

They did no such thing. Had they done that the dollar wouldn't be stable.

The dollar is not stable.