Originally Posted by
Skroesec
Yeah. In this magical realm where it rains doughnuts and faucets dispense golden leprechaun juice that will turn any old horse into a flying unicorn.
In other words, we can conjecture about improbable, impossible nonsense till the cows come home. But it's probably not worth talking about.
You want to know how stupid the internet is and most people on it are? How througly and completely stupid it is? How beyond hope it is? If you go on a forum anywhere, since 2007, you will inevitably find one dumb mother fucker who is like "China is going to dump all US Treasuries and cause a panic if the US does X" or "The US is only interested in propping up the Petrodollar" or "the US is broke and the dollar is losing ground to other currencies and will be abandoned by the arabs for use in oil trades".
It's all fucking nonsense bunk. It's stupidity wrapped in a bow tie, marinated and a cesspool of ignorance and anti-americanism.
This shit is thrown out across various forums years on end despite us living in a world where the United State's 3 month, 6 moth, 1 year and 10 year T-Bills are in such hilariously high demand... that demand so vastly outstrips supply... that the US set up special servers for high-frequency purchasing for high-volume buys for Japan, China, US Investors and others. Demand US credit, and so the US dollar, utterly and completely dwarfs what the treasury could ever supply. Because it's the safest investment in the world. Far safer, and more stable than anything else.
That is the facts, of the world in which we live. Every night, somewhere in Stupidville, USA, some clown will write how US currency is worthless, and the next day the treasury will auction debt at an interest rate so low, it's essentially free money. And it's been happening for years.
And to make it even funnier, to just underscore the stupidity of it all, this was part of the Treasury's massive Quantitative Easing that has been so successive, it's turned every BRICS except China into near recession and has seen China's growth get cut in half.
But ever will the dollar be on the precipice, in the mental insane playground of the internet forum. The Dollar has had the best few years in decades, and here we are "on the cliff" somehow.