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
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De-dollarization: Is the US dollar losing its dominance? (2025)
211–220 of 913 posts
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#212Earlier 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.
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…
It's as much government as Amtrack and USPS.
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#213Earlier 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…
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Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#214Earlier 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.
> The U.S. is as stable as it gets
Past returns are not indicative of future performance
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#215It's not losing it so much as that it is being destroyed on purpose.
The decline has been steady since ~2000.
The US dollar being used less across the world has both negative and positive consequences for the US and USG. This is the Triffin Dilemma, and dates back to the 1960s; the USD's dominance over-values the currency relative to other currencies, which hurts exports and thus domestic manufacturing. It also conflicts USG/UST priorities between making decisions that are best for the US people, versus best for international customers of the dollar. Triffin covered this at length in his address to the Joint Economic Committee of Congress in 1959, but in short, the USD acting as world reserve currency creates demand for the dollar, which the US has to be able to supply, which pre-1971 meant extreme strain on her gold supply, and post-1971 means greater monetary inflation.
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#216Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#217Earlier quoted context omitted.
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.
The answer is already clear: Britain regrets the move more.
In June 2025, 56% of people in Great Britain thought it was the wrong decision:
https://www.statista.com/statistics/987347/brexit-opinion-po...
It's hard to imagine this number would be going down after recent events like USA suddenly threatening arbitrary new tariffs on the UK.
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#218The 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
Indeed. People are actively trying to repair something which cannot be fixed. Now that the US century is over, the only way forward is for the US to use present military power as a cudgel. Given that the multipolar world is nigh, the only path forward is through. If America and her erstwhile allies are no longer aligned, then any attempt by America to repair this is doomed. Consequently, Trump’s approach is the only…
This is a self fulfilling prophecy. It may only be over because the administration is actively trying to create the multi-polar world. It could absolutely be fixed by Congress re-asserting its power.
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#219China 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…
I don't think China is forcing the US president to do crazy stuff every day
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#220The former IMF chief Kenneth Rogoff has been talking about this and appeared on NYT Ezra Klein's podcast that I highly recommend[0]. He also talks about China and the role of the dollar at the end with Dwarkesh Patel[1]. A lot of the discussion I see here is adressed by him.
[0] - https://www.youtube.com/watch?v=pT2cohNt6a4 [1] - https://www.youtube.com/watch?v=P2b4TjQa4gk