Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

jpmorgan.com

Post reply on HN
Print view View original

181–190 of 913 posts

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

#181

Post by spicyusername »

znnajdla wrote: post #131
IshKebab wrote: post #97

Earlier quoted context omitted.

Gold is not "real money", come on.

A goat or a sheep cost roughly the same in gold today as it cost 2000 years ago during the Roman Empire. Gold is the only “real money” in the sense that it is the only stable measure of the value of basic needs over centuries. https://chatgpt.com/share/696fb3e8-91d4-800a-9b2b-32eacdadeb...

First link to ChatGPT as a "source" that I've seen in the wild.

Times they are a-changing.

I can't say that anyone is going to find that very convincing, even if it's a compelling idea to consider gold inflation over the centuries.

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

#183

Post by bee_rider »

quadyeast wrote: post #73

uhm, they need to proof thier article "This increased demand has in turn partly driven the current bull market in gold, with prices forecast to climb toward $4,000/oz by mid-2026."

They were off, it is going so much faster.

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

#184

Post by SV_BubbleTime »

shevy-java wrote: post #121
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.

Oh, that’s not entirely fair. I feel like the self appointed experts almost have more pretentiousness than Reddit.

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

#185

Post by lostlogin »

parsimo2010 wrote: post #138
softwaredoug wrote: post #83

Earlier quoted context omitted.

It’s not just that This is a gradual decline. From 70% in the 90s to 60% today. Today there are more options like the Euro that didn’t exist in the 90s. People can argue over EU economic stability, but it’s there as reasonable option.

As time goes on, fewer people are alive that predate the EU and more people will perceive it as a lasting institution. Additionally, we've now seen the EU survive the departure of a major economic power (the UK). More people are certainly willing to believe in the stability of the EU now. Another major currency is the Yuan, and some countries may be as willing to trade in Yuan to improve relations with China, so perh…

> Additionally, we've now seen the EU survive the departure of a major economic power (the UK).

I don’t really understand the impact of Brexit on the euro, as Britain wasn’t on it. But clearly they were a key part of the EU. It’ll be interesting to see which side regrets the move more.

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

#186

Post by SV_BubbleTime »

kaycebasques wrote: post #180

How do people hold yuan? I was surprised at the lack of ETFs in this space. There's of course a lot of Chinese equity ETFs. There used to be a pure currency ETF but it was liquidated a couple years back. CBON seems like a good way to get exposure via bonds, but its AUM is quite low.

> How do people hold yuan?

Actual answer? In global real estate. So… they don’t or “it’s complicated”.

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

#187

Post by CrzyLngPwd »

The dollar is a weapon, and when the US can print as much as it likes, the odds are always stacked in favour of the US.

Trouble will really come when the US tries to get out of its ridiculous debt trap. What will they do, wave a wand and their debt goes away?

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

#188

Post by Spooky23 »

chrisco255 wrote: post #167
munk-a wrote: post #114

Earlier quoted context omitted.

There is a very sudden shift though - those options have existed but not generally been seriously considered. The US was seen as a bastion of stability and while sanctions could drastically impact a country's ability to trade due to the reliance on US currency exchange it has arguably been used relatively scarcely. The change is that suddenly the US isn't a bastion of stability and having an independent trading curre…

The U.S. is as stable as it gets. It has been one continuous republic and has 250 years of legal stability and a history of paying its debts. It has 4.2% GDP growth, with the largest economy in the world and growing.

"Faith and credit" means trust, and there's an elephant in the room impacting trust. Worse, what comes next?

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

#189

Post by llmslave »

FrustratedMonky wrote: post #173
llmslave wrote: post #152

Earlier quoted context omitted.

did you forget about all the money the fed printed during covid? fed independence is important, but literally irrelevant in the face of rampant money printing

was money printing because of a lack of independence, and manipulation by the executive? or the fed trying to keep things afloat. this president is trying to money print during non-crisis, to ramp up economy to "20% GDP". why downvote? Trump literally said he wants a GDP that goes to 20% or 100%. Shoot to the moon.

covid money printing was some of the worst fed decision making in US history. they essentially ruined the housing market, priced out a generation of younger buyers, which is now crushing fertility rates, savings, and more

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

#190

Post by FrustratedMonky »

Waterluvian wrote: post #139
Jtsummers wrote: post #96

Earlier quoted context omitted.

Many of us see it, but many others seem to be embracing it and trying to hasten it for reasons unknown. They pine for the glory days of post-WWII US hegemony but are actively undoing the institutions that were instrumental in US economic and political power at that time. They have no coherent world view, they are severely confused, but unfortunately numerous.

I actually have a greater disgust for those who see it but don't act. I think this line from an incredibly relevant book is precisely this: > "Your ‘little men,’ your Nazi friends, were not against National Socialism in principle. Men like me, who were, are the greater offenders, not because we knew better (that would be too much to say) but because we sensed better. Those who act on behalf of evil are not free from…

"What happened here was the gradual habituation of the people, little by little, to being governed by surprise"

Wow, seems on point.

Wow

"kept us so busy with continuous changes and ‘crises’ and so fascinated, yes, fascinated, by the machinations of the ‘national enemies,’ without and within, that we had no time to think about these dreadful things that were growing, little by little, all around us."

Post reply on HN