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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)

#201

Post by adamc »

slibhb wrote: post #100
touwer wrote: post #51

The US century is already over. It's just that a lot of US citizens don't see that. De-dollarization will happen when one is a traitor to it's allies

The reverse is true: people who say things like "The US century is over" almost always dislike the US or wish its global influence would decline. Their commentary is wishful thinking. There is some probability that US global influence does significantly decline but I wouldn't hold my breath.

Not true. Some, like myself, love the idea of the shining city on the hill, although we often find the behavior of the actual city less than shining.

I would like for the US to continue being a beacon of freedom where people can come and build great lives.

But that is not the direction we are going, and one might reasonably forecast that no country can maintain indefinite dominance. Paul Kennedy wrote "The Rise and Fall of the Great Powers" almost 40 years ago. Regression to the mean and all that, but also, great powers tend to overstep.

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

#202

Post by scottyah »

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…

I think it's fair to say that neither ideology is free from evil, and choosing the "lesser evil" is still choosing evil. Every good or well-meaning movement I've seen has been taken over once it reaches a certain size.

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

#204

Post by pempem »

llmslave wrote: post #177
altcognito wrote: post #171

Earlier quoted context omitted.

Why did the fed raise interest rates? To soak up some of that cash. It was too slow, but this is exactly the sound money policy that everyone expects. You loosen cash (what you mistakenly call printing money), when you need investment, and tighten cash when inflation and risk taking is out of control.

a sound response to 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

Was it them that did that or employers freezing wages and losing R&D credits/facing tarrifs / wild instability?

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

#206

Post by alwa »

throwaway290 wrote: post #102
mothballed wrote: post #84

Earlier quoted context omitted.

The 10th amendment limits the federal government to the enumerated powers. So your argument that it "isn't prohibited" isn't how this works. You have to justify it under an enumerated power (which, you might well be able to do, though this is debatable).

> The 10th amendment limits the federal government to the enumerated powers. federal reserve is not government... that's kinda the entire point) its why current US admin is being so butthurt about it, it's not under its control.

It’s certainly government. The US Congress created it as an agency of the US government, just as it did every other government agency; and the Congress can destroy it. The Congress did not provide for direct political control—elections (and electoral politics) can’t change the Federal Reserve’s decisions (or decision-makers) directly.

There’s indirect control: the elected administration selects people to nominate as governors, who then go on to make the decisions. But they have to choose people who the (elected) Senate will confirm, and there’s not too much the executive can do if they don’t like the decisions their appointed governors go on to make during their 14-year terms.

The question at hand at the moment is whether the executive can unilaterally usurp the agency’s Congressionally-mandated structure and use its power directly.

It’s kind of like how the various Civil Service acts sheltered career civil servants from the constant changes in political winds, so that we can have career professionals in government instead of using public paychecks purely as a prize for the buddies of whoever won the last election. The present administration resents that independence too.

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

#207

Post by marssaxman »

llmslave wrote: post #177
altcognito wrote: post #171

Earlier quoted context omitted.

Why did the fed raise interest rates? To soak up some of that cash. It was too slow, but this is exactly the sound money policy that everyone expects. You loosen cash (what you mistakenly call printing money), when you need investment, and tighten cash when inflation and risk taking is out of control.

a sound response to 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

Strict zoning ruined the housing market, and this is a multigenerational problem:

https://www.sciencedirect.com/science/article/abs/pii/S00941...

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

#209

Post by chrisco255 »

legitster wrote: post #175

It's no secret that our current US administration is envious of China. So in no small part they probably want to model the US Dollar after the Renminbi. Drop the value internationally to incentivize American exports, and manipulate the hell out of it. (Hence why they have dropped inflation as a political issue - some in the administration are essentially rooting for inflation to get much, much worse). It should go wi…

Nobody is cheering for inflation to get worse, they are celebrating it being held down to 2.7% after higher inflation a few years ago.

The U.S. is a net exporter of oil and food and self-sufficent for majority of its mineral needs as well.

There is no need for U.S. to crash its currency to incentivize domestic production, it can just impose tariffs on imports to do so.

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

#210

Post by throwaway290 »

mothballed wrote: post #141
throwaway290 wrote: post #102

Earlier quoted context omitted.

> The 10th amendment limits the federal government to the enumerated powers. federal reserve is not government... that's kinda the entire point) its why current US admin is being so butthurt about it, it's not under its control.

What does it mean that the Federal Reserve is "independent within the government"? The Federal Reserve, like many other central banks, is an independent government agency The federal reserve calls themselves "within the government" and a government agency. Isn't it fraud (and indeed wire fraud) to falsely represent yourself as a government agency to induce a financial transaction? https://www.federalreserve.gov/faqs/…

> Isn't it fraud (and indeed wire fraud) to falsely represent yourself as a government agency to induce a financial transaction?

Hmm what transaction it induces?

You'll need to check the law that created the Fed. Maybe it makes sure that doing whatever the fed needs to do the job is not a crime

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