521–530 of 913 posts
Earlier quoted context omitted.
Bitcoin
People downvote this but Bitcoin has some very nice properties: - easy to verify/impossible to forge (as opposed to gold and paper currency) - fixed supply (as opposed to paper currency, oil, and even gold) - easy to transfer from one party to another (as opposed to gold, oil, and physical cash)
For those who are not bothering to read this,the article essentially states that de-dollarization is happening in pockets (e.g., reserves down to ~58-60%, Treasuries foreign ownership at 30%), but the dollar's core dominance persists. What would replace it? I guess the options are Yuan, Gold, Oil or maybe BRICS in the future, none of which are safe, stable, and liquid.
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…
The article is written by JP Morgan which is a little odd but even stranger is they mention of all places China as being a great investment place to put your money, when in reality they can literally take your money away from you and nationalize your business under their current laws.
Earlier quoted context omitted.
Mostly an US audience here. A deeply divided country on politics. The wording doesn't help matters either. It's unfortunate the same division tactics the US has been facing are working elsewhere too, however.
Mostly an US audience here. I don't think mostly is true? Obviously it depends a lot on the time of day, but there are also a lot of Europeans on the site. Also, most comments here seem to be critical towards current US policy. So, I think there is quite a lot of manipulation going on, since the downvoting/flagging does not really match the comment section.
1. I believe Canada does have an outsized presence though!
For those who are not bothering to read this,the article essentially states that de-dollarization is happening in pockets (e.g., reserves down to ~58-60%, Treasuries foreign ownership at 30%), but the dollar's core dominance persists. What would replace it? I guess the options are Yuan, Gold, Oil or maybe BRICS in the future, none of which are safe, stable, and liquid.
the BRICS Unit was proposed to resolve the "Triffin dilemma", which is that the structural deficit necessary to maintain reserve status inevitably erodes trust in the currency over time. China's economy also relies on exports which would not be helped by reserve status. which is to say an eventual replacement may not be the yuan or any other single currency
Contrary to what everyone thinks - Dollar losing its reserve currency _canbe_ a good thing. https://www.lynalden.com/fraying-petrodollar-system/
My first question is: good for whom? Second question is: how? It's definitely good for holders of whatever replaces the dollar, but it's disastrous for everybody in the US, as far as I can tell.
Earlier quoted context omitted.
Paying Chinese companies in RMB isn’t the issue. If I sell something and a Chinese company pays me in RMB, I can’t really do anything with a billion yuan. Can’t buy a company (limitations on foreign ownership), can’t buy property (99-year lease that can be canceled on the whims of the government at any time), can’t buy Chinese debt (terrible yields, very small foreign market access, incredibly opaque laws and account…
What about buying rare earth metals or containers of electronics or purses? It's a bit more work, but it's not impossible to solve the problem. Also, it's not like a 99-year lease has no value. That's your entire lifetime+.
Earlier quoted context omitted.
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.
Something that is “already over” cannot be “un-over”. That’s not how “is already over” works. It means it’s done, finito, not a prophecy but a historical fact. We have to move on. And that means less interference in internal European affairs like Ukraine-Russia and more protection of our interests like consolidation of power over the Atlantic, the Arctic, and the Americas.