Correct. This is bullshit spread by morons, believed by other gullible morons.
There is nothing to replace the US dollar as the world's reserve currency, or the SWIFT banking system for international trade and commerce. Plenty of people want to switch to alternatives, but the alternatives don't exist yet, and it will take quite a while to make the switch when some of those alternatives are finally ready. Destroying the dollar before such a switch is possible would be incredibly stupid, and would hurt everybody, worldwide.
In the meantime, people and countries have purchased US T-bills as a safe investment that earns interest on their principal. They can be sold before they mature, but usually at a loss. Everyone selling at the same time is ridiculous. Who would buy the massive number of T-bills they are all selling? Why would they destroy their own investments?
The morons that spread these types of rumors demonstrate that they DO NOT understand how finance works... at all.
No kidding - lets all lose a lot of money together when we tank the treasury notes.
Microsuck took a hit back in the 1990s when Gates announced he was going to sell MS stock to broaden his portfolio. The hit didn't last long, but market speculation being what it is....
Correct. This is bullshit spread by morons, believed by other gullible morons.
There is nothing to replace the US dollar as the world's reserve currency, or the SWIFT banking system for international trade and commerce. Plenty of people want to switch to alternatives, but the alternatives don't exist yet, and it will take quite a while to make the switch when some of those alternatives are finally ready. Destroying the dollar before such a switch is possible would be incredibly stupid, and would hurt everybody, worldwide.
In the meantime, people and countries have purchased US T-bills as a safe investment that earns interest on their principal. They can be sold before they mature, but usually at a loss. Everyone selling at the same time is ridiculous. Who would buy the massive number of T-bills they are all selling? Why would they destroy their own investments?
The morons that spread these types of rumors demonstrate that they DO NOT understand how finance works... at all.
No kidding - lets all lose a lot of money together when we tank the treasury notes.
Microsuck took a hit back in the 1990s when Gates announced he was going to sell MS stock to broaden his portfolio. The hit didn't last long, but market speculation being what it is....
the test was already done with the Yen carry trades.
your bet is no one is crazy enough to do this.