SFH I wouldn't advise taking a short term bet on this. Shifts of this kind take a long while. It can take decades.
LONDON SFH 11:03:02 GMT - 09/16/2016
okay ib -was only taking a poke at Oliver Stone
Greenspan always worries about things more than he should...his irrational exuberance was so badly timed even though it was listened to at the time....then he continued to feed the credit boom til it exploded in his successor's face. I see the weakness of the US and how they are but betting against the USD as a reserve currency seems a long shot right now
Paris ib 10:55:43 GMT - 09/16/2016
correction.... drive the bus.
Paris ib 10:54:40 GMT - 09/16/2016
Come on SFH it's not the movie which is going to determine whether the USD holds on to its international reserve currency status. That would be silly. It's more the context: Presidential election for crazies, foreign policy for deviants, more craziness out of the FED and then the narrative is not holding. People don't even believe the 9 11 narrative any more. It's the whole picture. I have nothing personally against crazies I just don't think you should let them drive the bush.
At this point you may as well hold your reserves with North Korea. :-)
Hi again....if it's interesting or not I can hardly think intelligent people tasked with investment decisions would base their views on anything Oliver Stone has to say or do...the man who said " I will come out with my interpretation. If I'm wrong, fine."
There are so many fiat currencies it seems a tough choice to find one worth buying on the basis of it being credible any more...
Paris ib 09:32:59 GMT - 09/16/2016
It's such a massive con when you think about. Everyone is lending this massive amount of money to the U.S. - to use for their own purposes - only it's not seen that way. It's seen as keeping your reserves safe. That that narrative holds up after the confiscation of assets which we have seen over and over... is just mind blowing.
They took sanctions off Iran recently but then they had this little problem with having to give back their money (presumably with interest) so how'd they get out of that? Easy
SFH.... I'm sure he wants to publicise his movie. That's part of his job. Interesting choice for a movie though.
What interesting to me is that 'the narrative' is crumbling and the international reserve currency status rests on one thing and one thing only: the narrative, or if you like trust, confidence... blah, blah blah.
If the narrative crumbles, as it seems to be, what happens to the U.S. bond market and the USD?
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