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De-dollarization: Is the US dollar losing its dominance? (2025)

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Re: De-dollarization: Is the US dollar losing its dominance? (2025)

#121

Post by shevy-java »

BowBun wrote: post #86

Just last week, I was accused on HN of "not knowing what I'm talking about" when sharing data showing, and my interpretation of, a declining US dollar globally. It is so obvious in the context of globalization: countries seeking power will chip away at fiscal dominance of others with a thousand cuts. Why wouldn't they? Especially after years of getting bullied. So many people are so dependent on this reality that I t…

HN may not have the best experts - people are kind of quick to downvote. Almost in a reddit-like fashion.

Re: De-dollarization: Is the US dollar losing its dominance? (2025)

#122

Post by adamc »

torlok wrote: post #44
snovymgodym wrote: post #3

The international value of the dollar as a reserve and trade currency is inherently tied to the behavior of the US Government and the Federal Reserve. The behavior of the US Government has been very unusual lately, and the independence of the Federal Reserve is actively being challenged. So draw from that whatever conclusions you wish.

[flagged]

I read it as side-stepping Hacker News' tendency to kill comments that get into politics.

Re: De-dollarization: Is the US dollar losing its dominance? (2025)

#124

Post by blackoil »

thuridas wrote: post #48

Having dollars was useful to trade with US. But the trade has been reduced by tariffs. Also. Any attack to the independence of the federal reserve damages whee vale of the dollar

Current Trade with US is a small percentage of the reserve. It's the trade with everybody else and trust that it will hold value for all the future trade is where it matters.

Re: De-dollarization: Is the US dollar losing its dominance? (2025)

#125

Post by PlatoIsADisease »

IshKebab wrote: post #97
maerF0x0 wrote: post #88

China is intentionally undermining the dollar in order to try to make the Yuan the world currency[1,2,3]. My current hypothesis is that the growth in the _price_ of the US Stock market (eg S&P 500) is actually devaluation of the dollar. Compared to real money (Gold) the S&P500 is down over the past 10 years. [4] 1 - https://www.reddit.com/r/economy/comments/1o2s6qp/yuan_has_s... 2 - https://www.economist.com/china/20…

Gold is not "real money", come on.

The analytical philosopher in me says:

"Define real money"

I think everyone can agree if you specify your definition.

Re: De-dollarization: Is the US dollar losing its dominance? (2025)

#128

Post by rvba »

StephenSmith wrote: post #9

If the goal is to make US goods attractive to other countries and to decrease our trade deficit (not saying I agree with this goal), either the dollar has to become fundamentally weaker or the goods have to become more valuable. The latter feels more difficult than the former at this point. However, the side effects of a weaker dollar may not be worth weakening it.

USA exports services (tech, culture, r&d) and will lose all of that for the unclear manufacturing that might never come.

It's like watching the fall of Rome.. on TV

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