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I'm certainly not going to bet against the dollar...but I'm not above hedging a small portion.
Author:
NedoftheHill
(42873 Posts - Joined: Jun 29, 2011)
Posted at 4:12 pm on Apr 25, 2022
View All
(no message)
Evil preaches tolerance until it is dominant, then it tries to silence good.
Replies to: "I'm certainly not going to bet against the dollar...but I'm not above hedging a small portion."
China is ready to roll out 1rst major centrally backed cryptocurrency. We are way behind & this is a
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LINK
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BaronVonZemo
- 1:16pm 4/25/22
(24)
[View All]
Nope will never happen. I would short anything China does on the international stage.
[NT]
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PBHangingChad
- 8:05pm 4/25/22
Geeze
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Nigel Tufnel
- 3:25pm 4/25/22
This is a big deal, but Lance referenced end days. We need to get going.
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BaronVonZemo
- 5:46pm 4/25/22
Looks like a digital currency tied to the Yuan & controlled by PRC cBank, not a cryptocurrency.
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NedoftheHill
- 2:15pm 4/25/22
The dollar index is at the high for the past year and has rallied over 11%.
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Iggle
- 3:43pm 4/25/22
Yeah. The hacks are of exchanges, not the cryptocurrency itself. The PRC just made an exchange.
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NedoftheHill
- 4:06pm 4/25/22
Correct, it is intended for the domestic market.
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LanceHarbor
- 2:17pm 4/25/22
It does raise interesting issues.
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NedoftheHill
- 2:19pm 4/25/22
That's a pretty advanced local gas station.
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LanceHarbor
- 2:28pm 4/25/22
Ever heard of an app?
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BaronVonZemo
- 5:43pm 4/25/22
But that is kind of the point. Digital currency will become accessible to all. It is digital.
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NedoftheHill
- 2:30pm 4/25/22
It's available right now.
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LanceHarbor
- 2:40pm 4/25/22
El Salvador (the entire nation) accepts Bitcoin as legal tender.
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NedoftheHill
- 2:42pm 4/25/22
This was before their corrupt president made that official.
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LanceHarbor
- 2:48pm 4/25/22
Right. John Doe takes the easy route, until it becomes too costly. Then he chooses next best option.
[NT]
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NedoftheHill
- 2:51pm 4/25/22
That's right, I forgot about the hyperinflation in your scenario.
[NT]
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LanceHarbor
- 3:28pm 4/25/22
I'm certainly not going to bet against the dollar...but I'm not above hedging a small portion.
[NT]
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NedoftheHill
- 4:12pm 4/25/22
Worse than that, the days of the Dollar as World Reserve Currency are numbered..Reason: profligacy-
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CapeIrish
- 1:57pm 4/25/22
Heard a great exposition on this - we have not prioritized it until very recently. We're yrs from a
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BaronVonZemo
- 2:06pm 4/25/22
I think legal entities should be hesitant to allow the PRC to hold their money for them.
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NedoftheHill
- 2:16pm 4/25/22
Who knew the end is so near?
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LanceHarbor
- 2:03pm 4/25/22
Probably nick some off Chris. He predicted doom and gloom every day of the Trump presidency.
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Stark Raving Dad
- 2:30pm 4/25/22
So, you think the USD will remain solid forever?...or just beyond your lifetime?
[NT]
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NedoftheHill
- 2:33pm 4/25/22
So dramatic...always.
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LanceHarbor
- 1:55pm 4/25/22