GG Posted February 9, 2017 Author Posted February 9, 2017 The consistency is there if you stop filling in the blanks with your own thoughts and opinions on what I'm saying. You've proven to be consistently poor at that bit so a wise man would just stop doing it. Nowhere in the post was I complaining. Just pointing out the continuing trend. This is a giant story. As always, I don't need to make stuff up.. There's plenty of your posting history to prove a point. Should we dig up your posts about TPP? This is not a a giant story. Countries have been looking for a way to escape the dollar stranglehold for ages. Maybe you've heard of this currency called the Euro and how it will take over as the reserve currency. Let me know how that one works out before you start touting the Yuan as the titular reserve.
Deranged Rhino Posted February 9, 2017 Posted February 9, 2017 As always, I don't need to make stuff up.. And yet, you continue to inject your own slant into my opinions and pass them off as fact. You're always wrong when you do it too. There's plenty of your posting history to prove a point. Should we dig up your posts about TPP? Please. Go for it. You'll see my complaints about TPP have everything to do with the fascist nature of both the trade deals and how they were assembled. This is not a a giant story. Sure it is.
DC Tom Posted February 9, 2017 Posted February 9, 2017 Yeay, another prognostication of the end of the dollar. Hint, the world has really had two global reserve currencies in the industrial age - Pound Sterling and US Dollar. You don't mean simultaneously, do you? Because aside from the quarter-century about 1920 to 1945, I recall it was the pound before, and dollar after.
GG Posted February 9, 2017 Author Posted February 9, 2017 You don't mean simultaneously, do you? Because aside from the quarter-century about 1920 to 1945, I recall it was the pound before, and dollar after. Of course. Ike broke the pound and the dollar has ruled ever since.
DC Tom Posted February 9, 2017 Posted February 9, 2017 This is not a a giant story. Countries have been looking for a way to escape the dollar stranglehold for ages. Maybe you've heard of this currency called the Euro and how it will take over as the reserve currency. Let me know how that one works out before you start touting the Yuan as the titular reserve. Honest question: how can the yuan realistically become the primary world currency reserve when Beijing's monetary policy explicitly pegs it to the USD?
GG Posted February 9, 2017 Author Posted February 9, 2017 Honest question: how can the yuan realistically become the primary world currency reserve when Beijing's monetary policy explicitly pegs it to the USD? Shhh, don't give away the punchline.
DC Tom Posted February 9, 2017 Posted February 9, 2017 Of course. Ike broke the pound and the dollar has ruled ever since. More like World War 2 broke the pound. Ike may have nailed the coffin shut, but it's tough to maintain the value of your reserve currency when you're dead flat broke from buying war material hand-over-fist.
GG Posted February 9, 2017 Author Posted February 9, 2017 Sure it is. It's not. This is like playing EJ Manuel in the last game of the season and thinking that he is a legit NFL starter
Deranged Rhino Posted February 9, 2017 Posted February 9, 2017 It's not. This is like playing EJ Manuel in the last game of the season and thinking that he is a legit NFL starter Incorrect.
meazza Posted February 9, 2017 Posted February 9, 2017 Incorrect. You realize I spent 2008-2012 reading about how countries were moving to use the Euro as the official reserve currency? How'd that work out?
GG Posted February 9, 2017 Author Posted February 9, 2017 Incorrect. Then I'm sure you can provide a thorough analysis of why countries will adopt the Yuan as the reserve currency, other than a pithy story about the Chinese offering a new settlement platform that will save a fraction of a basis point over SWIFT. Hell, based on that logic, Venmo stands as good of a chance to be the next reserve currency.
DC Tom Posted February 10, 2017 Posted February 10, 2017 Then I'm sure you can provide a thorough analysis of why countries will adopt the Yuan as the reserve currency, other than a pithy story about the Chinese offering a new settlement platform that will save a fraction of a basis point over SWIFT. Hell, based on that logic, Venmo stands as good of a chance to be the next reserve currency. Don't forget bitcoin.
Deranged Rhino Posted February 10, 2017 Posted February 10, 2017 You realize I spent 2008-2012 reading about how countries were moving to use the Euro as the official reserve currency? How'd that work out? This is a giant story because of the geopolitical implications. It's yet another step Japan is taking to distance themselves from US dominance (look closer at what Abe's been up to with regards to Russia and China, specifically in regards to developing Siberia). Considering Abe is going to DC tomorrow and spending the weekend in Florida with 45, this is a very big story with immediate impact on geopolitical relations. Then I'm sure you can provide a thorough analysis of why countries will adopt the Yuan as the reserve currency, So, you want me to provide a thorough analysis of something I've never said and a position I don't hold? See? This is why you shouldn't make stuff up and instead listen to what's being said before you form your opinion on it.
meazza Posted February 10, 2017 Posted February 10, 2017 This is a giant story because of the geopolitical implications. It's yet another step Japan is taking to distance themselves from US dominance (look closer at what Abe's been up to with regards to Russia and China, specifically in regards to developing Siberia). Considering Abe is going to DC tomorrow and spending the weekend in Florida with 45, this is a very big story with immediate impact on geopolitical relations. So, you want me to provide a thorough analysis of something I've never said and a position I don't hold? See? This is why you shouldn't make stuff up and instead listen to what's being said before you form your opinion on it. I heard the same thing from 2008 to 2012.
Deranged Rhino Posted February 10, 2017 Posted February 10, 2017 I heard the same thing from 2008 to 2012. You heard the same thing meaning you heard Japan was moving away from US dominance when you were reading about the Euro?
GG Posted February 10, 2017 Author Posted February 10, 2017 So, you want me to provide a thorough analysis of something I've never said and a position I don't hold? See? This is why you shouldn't make stuff up and instead listen to what's being said before you form your opinion on it. So if it's not a position that you hold, why post an article that stakes out that position, without offering a contrary opinion? I know, it's just for discussion purposes
meazza Posted February 10, 2017 Posted February 10, 2017 You heard the same thing meaning you heard Japan was moving away from US dominance when you were reading about the Euro? I heard that other countries were moving away from the US dollar to the euro. At that point it was a done deal, then the PIIGS happened. It will be a long time before habits are broken.
DC Tom Posted February 10, 2017 Posted February 10, 2017 You heard the same thing meaning you heard Japan was moving away from US dominance when you were reading about the Euro? Hiroshima Bank signing up for CIPC is not Japan moving away from the dollar. Get a better source. It completely misrepresents what CIPS actually is.
Deranged Rhino Posted February 10, 2017 Posted February 10, 2017 So if it's not a position that you hold, why post an article that stakes out that position, without offering a contrary opinion? I know, it's just for discussion purposes I offered my opinion. Again, stop assuming things and start reading. You might be surprised what you discover. Even though I know you just want to stick with your preconceived notions instead, it makes for a worse conversation. I heard that other countries were moving away from the US dollar to the euro. At that point it was a done deal, then the PIIGS happened. It will be a long time before habits are broken. So, you didn't read that then;) Hiroshima Bank signing up for CIPC is not Japan moving away from the dollar. Get a better source. It completely misrepresents what CIPS actually is. How do the Japanese Intelligence services function? Where are they largely based? And who's coming to town for a state visit tomorrow? Moving away from the dollar isn't the story. It's moving away from the alliance with the US.
GG Posted February 10, 2017 Author Posted February 10, 2017 Moving away from the dollar isn't the story. It's moving away from the alliance with the US. If moving away from the dollar isn't the story, why are you linking an article about Japan moving away from the dollar?
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