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worn down
Zeihan on Geopolitics
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Comments by "worn down" (@worndown8280) on "The Truth About De-dollarization and What You Need to Know || Peter Zeihan" video.
It is Saudi. They are the only nation that has what everyone wants.
18
The "series year" denotes the time that particular note($1, $5, $20, etc) design was adopted, not printed. So if you see a bank note that has a series of 2017 on it it means it was printed sometime between 2017 and the time you obtained it. Hope that helps.
7
@joshmontgomery4040 I mean the info is there about what the series year means on the bills. If you dont believe me go look it up. If you dont care, thats fine. Doesnt bother me.
4
Where is that "common vault" going to be located at? Wherever it is, they will have the power.
3
@simonhibbs887 I think the difference is Japan was fully developed. They didnt have well over half their population living in the rice patty villages like their ancestors did for the last 5000 years. That and China's demographic collapse isnt going to be as kind as it is to Japan. Even then I fully expect Japan to start defaulting on debt in the next decade. But we shall have to see I suppose.
2
The Euro came around at the peak of production and population. Places today that have population have little production, places that have production are very quickly losing people. We had a global golden age post cold war. And few took notice of it.
2
That the US would give up policing the world.
2
as a teenager in the 80s I remember auto union members beating Japanese cars with bats and crowbars. And everyone freaking out when the Japanese bought Rockefeller Center. A few years later they had to sell it at a massive discount. Good times.
1
Our friends of course, the Saudi's. lol
1
Because their economy is imploding. And no amount of fake book keeping can hide it at this point. If you combine that with the fact that their population is about to implode, maybe not to the extreme Peter states, but still it is going to implode on some level. They simply will be crushed by their own debt. The only way they will be able to survive is by exporting. And you cannot be an export dependent economy and a global currency at the same time. The value would be to high and the price of your good would be as well.
1
All any nation state has to do is to make bitcoin illegal. Holding bitcoin illegal, just like the US did with gold in the 1930s. Bitcoin is a neat tech, and it will have its place. But as any sort of major currency of exchange, no chance. Its to volatile of an asset.
1
@simonhibbs887 I know, there had to be some sort of dark conspiracy. lol
1