tag:blogger.com,1999:blog-8753902078732880250.post4000570984771215568..comments2023-11-03T05:31:43.724-07:00Comments on mannfm11: The Return of Bretton Woodsmannfm11http://www.blogger.com/profile/06507232690375884354noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8753902078732880250.post-20758572556059751202009-01-25T23:11:00.000-08:002009-01-25T23:11:00.000-08:00quite interesting Lenin. Basically, Bretton Woods...quite interesting Lenin. Basically, Bretton Woods started this mess and due to necessity, it never stopped. The US went off the gold conversion standard in the early 1970's out of necessity, but this never stopped the use of dollars to collateralize currencies around the world. In fact, most emerging market countries either had to have dollars or they were out of luck. My point is that I believe the savings rate for China revolves around the hoarding of dollars as collateral for Chinese money, thus the recycling dollars are appeared to be saved while in fact they only lie there because they have been duplicated. Thus, you could take $100 billion in American money and swap $100 billion worth of Yuan, allowing for the Yuan to be spent domestically. The fact that there was $100 billion there might be evidence it was saved, but it might also only be evidence it was received in the country. The fact that it is immediately returned to the US as credit does not allow it to be spent. We are going to find that the BRIC countries without expanding amounts of dollars from exports and investment are incapable of supporting their own banking systems. Russia is already in full collapse.mannfm11https://www.blogger.com/profile/06507232690375884354noreply@blogger.comtag:blogger.com,1999:blog-8753902078732880250.post-19570093857027684232008-12-15T15:28:00.000-08:002008-12-15T15:28:00.000-08:00Please espouse more on this topic. I have read it ...Please espouse more on this topic. I have read it about 4 times and still find very hard to grasp how US $ serves as world’s collateral for global money supply. Although, I intuitively know that your theory is correct, I just can’t reconcile how it works.Leninhttps://www.blogger.com/profile/10514215615464296093noreply@blogger.comtag:blogger.com,1999:blog-8753902078732880250.post-73920429169406583012008-11-28T20:09:00.000-08:002008-11-28T20:09:00.000-08:00mannfm11,Thank you for these wonderful posts. I l...mannfm11,<BR/><BR/>Thank you for these wonderful posts. I look forward to reading more.<BR/><BR/><BR/>SteveSTUDUhttps://www.blogger.com/profile/09836136089027264934noreply@blogger.com