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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)

#291

Post by cjejfjdj482858 »

GnarfGnarf wrote: post #275
parsimo2010 wrote: post #138

Earlier 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…

The UK was not part of the Euro economy.

While similar to Denmark and Sweden it retained its own currency, and was also not part of Schengen, It was part of the Single Market.

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

#292

Post by renewiltord »

echelon wrote: post #277
RealityVoid wrote: post #248

Earlier quoted context omitted.

> The EU decided to play the US and China against each other to improve its own standing, which is why the US is now moving away from the EU. This is sanewashig this whole thing. The fact is, the US is moving away from the EU because Trump doesn't like democracies. It's that simple. You have a large percentage of your population in what is essentially a cult and you have givem them the reigns.

> This is sanewashig this whole thing. This was being called back during the Biden admin and before Trump even ran again. Back during the Obama admin, even! https://www.atlanticcouncil.org/blogs/new-atlanticist/no-piv... https://www.gisreportsonline.com/r/us-pivot-asia/ https://www.project-syndicate.org/commentary/europe-biggest-... If the US can't build strong coalitions with Europe, it wants to spend its energy els…

You’re right. It was in the book Disunited Nations by Zeihan.

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

#294

Post by RealityVoid »

CrzyLngPwd wrote: post #187

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?

A large amount of the debt is owed to the US population. I doubt that the debt trap is that large of an existential problem, but having trade alliances break down is much more of a big deal.

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

#295

Post by JumpCrisscross »

chrisco255 wrote: post #182
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

[flagged]

> what treachery was committed?

Invading ones allies has been treacherous for millenia. If you want to be pedantic, you can say the U.S. President is openly threatening treachery, and showing as part of his character an affinity for it.

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

#296

Post by shigawire »

Waterluvian wrote: post #126

I'm hopeful that any loss in dominance translates directly to economic pain for all Americans. Nothing will rose those sleepwalking through the rise of fascism faster than not being able to make ends meet.

I'm not sure that is true at all. I think the sleepwalkers are just as likely to blame immigrants, foreigners, and continue to hand the current regime more power.

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

#297

Post by masijo »

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…

>we know what a de-dollarized world looks like - imperialism

Is this some kind of joke? Or is it only imperialism when other countries besides the US do it?

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

#298

Post by epistasis »

vatsachak wrote: post #281
epistasis wrote: post #256

Earlier quoted context omitted.

Does using the Renminbi require investing in securities? It's a very different thing to trust that China will maintain the value of its currency, than to trust that investment in Chinese companies will remain liquid and not be arbitrarily cut to a price of zero. I'm not saying you're wrong, but I also don't fully understand the need to have grander access to capital markets. Perhaps access to the equivalent of US Tre…

China is notorious for not maintaining the value of it's currency though. That's why do many Chinese people buy assets in the Anglo world; assets are much better protected here

Yes, it would be a big change. But if Europe needs to bring out the Anti-Coercion Instrument against the US, an economic weapon it invented to be used against China, the world is in a very different place in belief of what could be safe.

If China signals that it is changing its attitude on its currency, that it wants to be the reserve currency and establish a consumer economy, it wouldn't take much for people to shift these days. Nobody needs to adopt the Renminbi 100% right away, they can transition to multiple currencies for a while as a hedge against the US, and the situation will evolve. Dedollarization won't happen in a month or a year, it will be a multi-year process once it kicks off. But once it kicks off, it will be because of such a loss of confidence in the US that it probably won't be possible to stop it.

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

#300

Post by blurbleblurble »

codesnik wrote: post #30
blurbleblurble wrote: post #16

What if the goal is to crash/burn and consolidate ownership? This time with the money system? I mean, it sure looks like the goal.

it'd sound reasonable, if that ownership wasn't already overconsolidated. But who says people doing that are reasonable.

It might be over-consolidated in the aggregate but I don't think the greed is too worried about that.
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