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
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)
#52It's not losing it so much as that it is being destroyed on purpose.
True. Good way to pay employees less.
Edit: to the downvoters, did I lie?
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#53Compromised people and useful idiots within the Trump administration are being persuaded by Russia to destroy the dollar and break up NATO.
Are you certain inflating the money supply with trillions of dollars by prior administrations did not have an effect?
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#54It's not losing it so much as that it is being destroyed on purpose.
The decline has been gradual. The dollar's portion of global forex reserves has fallen from over 70% in the late 1990s to around 60%. The Supreme Court's ruling on Fed independency is to be watched.
It may also point not just to decline in US stability but other areas of the world with stable monetary policy compared to the 90s
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#55Gold front-runs monetary policy, meaning central banks and people use it as a hedge against currency devaluation or other uncertainty (e.g. the U.S. Federal Reserve being taken over by the executive)
Now look at the gold chart over this past year. Yeah, people are uneasy and we're likely to see a lot of printing.
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#56What if the goal is to crash/burn and consolidate ownership? This time with the money system? I mean, it sure looks like the goal.
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Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#57The biggest problem of all social sciences is that they measure only what can be measured or is easier to measure. Sorry for the redundancy, but they don't see what is hard to see and, therefore, think it doesn't exist. I suspect there might be a lot of "de-dollarization" going on in realms that might not be easy to measure. To be specific: it is interesting that crypto-currencies have emerged as the currency of choi…
The article is talking about reserve currencies. Cryptocurrency isn’t relevant.
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#58The 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.
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Ah yes, the "sovereign citizen" argument applied to the Fed. You've been wrong for 110 years -- I predict you will remain wrong.
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#59As a big nitpick, I found the y axis in that chart ranging between 40%...90% to be horribly misleading.
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#60It's not going to be replaced any time soon, there's no realistic replacement at the moment, but there is a slow movement away from it. We've already seen a stampede into gold from central banks. And pimco have said they're going to relocate funds out of dollar debt.
After the nonsense with Greenland no one really wants to give anymore financial power to the US so we'll see more assets kept in local currency or different reserves currencies like the Euro, Yen, Sterling, or ChF.