- Joined
- Dec 30, 2012
- Messages
- 1,234
- Reaction score
- 164
- Gender
- Male
- Political Leaning
- Socialist
Recently the US side has urged the global community to "step up" and contribute fiscal treasury to fight the Ebola outbreak. The IMF has also begged the rest of us for more money. In my opinion the USA as holders of the Reserve Currency have the responsibility to pay for Ebola and not any of us. Who the hell does John Kerry and the US think they are begging us all for money when the US has Reserve Currency. We dont have Reserve Currency and the ability to contribute like the USA does. Why isnt the US contributing more to global emergencies when they have the Reserve Currency and the ability to do it?
I am sick of hearing Americans pat themselves on the back for printing money to send to other nations for 'aid' that always comes with political strings. The US as holders of the Reserve Currency have a responsibility to manage and protect the global community so we need not thank them for any 'aid' that they send to other nations, especially if it is 'military aid'. The US as holders of the Reserve Currency are not doing enough and are not using the Reserve Status for global good as intended but instead use Reserve Status to extend US influence.
Giving the Reserve Currency to the US side was not the only option discussed at Bretton Woods. The more fair, just and sensible option was the plan suggested by British economist John Maynard Keynes. Keyens proposed that an International Clearing Union ( ICU ) be established which would be a global bank with the role of clearance of trade between nations/regulation of currency exchange. All international trade would be demominated in the ICU unit - the Bankor. Most agree that the proposed ICU mechanisms would have given developing and emerging nations a greater say in decision making and been the fairest option. The US proposal was shockingly audacious and selfish in comparison to the suggestions of Keynes. The US side forced their way and got Reserve Status along with their other institutions, the IMF and World Bank.
The US side is forever complaining that they contribute the most to the IMF, World Bank, UN, etc but why shouldnt they? They have the Reserve Status and love to explain to us that they cannot ever run out of money so why the hell do they complain about their responsibilities? Why is a nation like Australia contributing anything to the World Bank, IMF and UN? USA should pay for it all. It is Americas responsibility while ever they keep Reserve Status. Why should Australia use our fiscal treasure to deal with ebola when the US side has Reserve Status?
The US side having Reserve Status is a privilege and a responsibility. How dare the Americans complain to us that we do not contribute enough to 'aid'. Who the hell do the Americans think they are patting themselves on the back constantly for their so-called 'aid' that is never enough and always comes with political strings? Why should we be impressed that the US side prints USD and uses it for aid and PR for their nation? Why are we not more disgusted each time some moronic American threatens that the US side will 'cut off aid' if some poor nation does not follow US orders?
The US side do not seem to understand the responsibility that comes with being holders of the Reserve Status. It seems obvious that while ever the nation of the USA is responsible for managing the Reserve Status it will be used primarily for US interests. Triffin explained long ago that it is a conflict of interest for a nations currency to act as both a domestic currency and Reserve Unit with the 'Triffin Dilema'. The US are happy to print insane amounts of cash to help wealthy American with QE but they cant deal with ebola without begging to the rest of us? It is time to take the Reserve away from this deluded parasite nation and move to a Reserve that is closer to Bankor suggested by Keynes.
The US side only uses the Reserve to help themselves and they act as though they have the right to do it. Wouldnt it be nice to live in a world that does not have smug Americans telling us that they dont need a budget because they cant run out of money? Do we really want to hear more idiotic ideas coming from America like their brilliant idea to mint trillion dollar coins to pay their unpayable debts? The sooner we unseat the USD as reserve - the better and safer the global community will be.
I am sick of hearing Americans pat themselves on the back for printing money to send to other nations for 'aid' that always comes with political strings. The US as holders of the Reserve Currency have a responsibility to manage and protect the global community so we need not thank them for any 'aid' that they send to other nations, especially if it is 'military aid'. The US as holders of the Reserve Currency are not doing enough and are not using the Reserve Status for global good as intended but instead use Reserve Status to extend US influence.
Giving the Reserve Currency to the US side was not the only option discussed at Bretton Woods. The more fair, just and sensible option was the plan suggested by British economist John Maynard Keynes. Keyens proposed that an International Clearing Union ( ICU ) be established which would be a global bank with the role of clearance of trade between nations/regulation of currency exchange. All international trade would be demominated in the ICU unit - the Bankor. Most agree that the proposed ICU mechanisms would have given developing and emerging nations a greater say in decision making and been the fairest option. The US proposal was shockingly audacious and selfish in comparison to the suggestions of Keynes. The US side forced their way and got Reserve Status along with their other institutions, the IMF and World Bank.
The US side is forever complaining that they contribute the most to the IMF, World Bank, UN, etc but why shouldnt they? They have the Reserve Status and love to explain to us that they cannot ever run out of money so why the hell do they complain about their responsibilities? Why is a nation like Australia contributing anything to the World Bank, IMF and UN? USA should pay for it all. It is Americas responsibility while ever they keep Reserve Status. Why should Australia use our fiscal treasure to deal with ebola when the US side has Reserve Status?
The US side having Reserve Status is a privilege and a responsibility. How dare the Americans complain to us that we do not contribute enough to 'aid'. Who the hell do the Americans think they are patting themselves on the back constantly for their so-called 'aid' that is never enough and always comes with political strings? Why should we be impressed that the US side prints USD and uses it for aid and PR for their nation? Why are we not more disgusted each time some moronic American threatens that the US side will 'cut off aid' if some poor nation does not follow US orders?
The US side do not seem to understand the responsibility that comes with being holders of the Reserve Status. It seems obvious that while ever the nation of the USA is responsible for managing the Reserve Status it will be used primarily for US interests. Triffin explained long ago that it is a conflict of interest for a nations currency to act as both a domestic currency and Reserve Unit with the 'Triffin Dilema'. The US are happy to print insane amounts of cash to help wealthy American with QE but they cant deal with ebola without begging to the rest of us? It is time to take the Reserve away from this deluded parasite nation and move to a Reserve that is closer to Bankor suggested by Keynes.
The US side only uses the Reserve to help themselves and they act as though they have the right to do it. Wouldnt it be nice to live in a world that does not have smug Americans telling us that they dont need a budget because they cant run out of money? Do we really want to hear more idiotic ideas coming from America like their brilliant idea to mint trillion dollar coins to pay their unpayable debts? The sooner we unseat the USD as reserve - the better and safer the global community will be.