| To: Fiscally Conservative who wrote (281475) | 11/15/2020 8:43:42 PM | | From: Sun Tzu | | | | Can you explain to me why some other country has to beat the US on GDP before the USD gives up the throne? Why for example the countries could not trade based on some basket of currencies that are used simply as a metric of value conversion while they simply barter with each other?
BTW, do you know what happened in Asia Pacific today? Do you remember that Asia trade deal that Obama wanted to push and the congress refused to sign on b/c it came from Obama (even though it was really the world of GWB)? Well that deal died and China took over to make a new treaty and today 15 Asian countries representing the largest trading block in the world signed up to it. India was the only major country that declined to sign in. The deal complements China's Belt and Road initiative and pretty much cements their leadership.
PS on PPP basis Chinese economy is the largest in the world with an estimated value of 25 trillion dollar vs US of about $20T. |
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| To: Sun Tzu who wrote (281477) | 11/16/2020 1:06:47 PM | | From: Sun Tzu | | | | | “Tomorrow’s successful states will probably be those that invest in infrastructure, knowledge, and relationships resilient to shock,” the U.S. National Intelligence Council predicted in a 2017 report. “Traditional calculations of state power” might include military spending, population size, or gross domestic product, but “rarely factor in a state’s resilience,” which depends more on matters such as strong alliances, an orderly society, robust critical infrastructure, and widespread public confidence in government, the analysts noted. Conversely, they added, “states can be fragile in ways that conventional measures of power do not capture.” |
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| To: Fiscally Conservative who wrote (281472) | 11/19/2020 4:04:19 PM | | From: BillShiphr | | | | | Hi, bro! I think that I can't answer you right now, but... I'm studying economics on Preply and I think that I can ask my tutor this question. It is not difficult for me, besides, I will study this theme more deeply. So, I will have a lesson next Monday and I will write to you after this. |
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| To: BillShiphr who wrote (281484) | 11/19/2020 6:06:02 PM | | From: Fiscally Conservative | | | | There is nothing that can compete Market Capitalization wise to that of the $ Dollar. Nothing ! Nada !!
Nothing comes even close.
Nothing comes even close right now but that can change.
Currency is used as a store of value for exchange. It has to be backed and defended. There is no country in the world that can compete with the United States Dollar towards defending its currency. None ! Zippo !!!
That is, right now.
But all this can change but it will not happen in the foreseeable future. That would take another 25 years, maybe much more. But continued ignorance can shorten that time table
US GDP is 3x that of China.
China has the second largest GDP to that of the great USA.
Getting the picture ?
USA is the wealthiest country in the world, by far and large !
What will break the USA is its politics. That will have a profound impact on
it's finances going forward. How much so is yet to be determined.
But Fear Not
The US Dollar is strong. |
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| To: Sun Tzu who wrote (281473) | 11/19/2020 6:18:35 PM | | From: Fiscally Conservative | | | | Not lack of Alternative !
It is not about the alternative simply because is there no alternative.
Lets not confuse ourselves with a runaway imagination of individual preference.
You might wish there is/was an alternative.
But...
There is no ALTERNATIVE to the $ Dollar.
Wanna compete ?
Build a Global Manufacturring Country |
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