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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)

#841

Post by plomme »

ifwinterco wrote: post #714
mullingitover wrote: post #697

Earlier quoted context omitted.

The British didn't really make unforced errors like Germany did, though. They mostly were forced into a fire sale situation as they were fighting for their lives. Even with everything they sold off, they were still within an inch of surrendering. The French story is similar. They may have been in a slow decline, but the war threw them off a cliff. It's hard to look at what the US is doing and not become extremely ang…

I agree but the difference between the French and the British is the French really didn't have a choice (they got physically invaded). You could make a very good case that for Britain entering into WW1 was a catastrophic and ultimately unnecessary decision. And you could make a (much more controversial but I think also true) case that entering into WW2 was also not necessary and ultimately fairly catastrophic. Yet th…

Please make the case that the UK should have (and could have) stayed neutral during WWs 1 & 2 and gained from it.

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

#842

Post by plomme »

jmyeet wrote: post #783
prennert wrote: post #774

Earlier quoted context omitted.

> They felt like they'd eventually get swallowed unless they did something and the end result was WWI. And WW2 if you think about it. I think this exactly how the US administration _feels_. Alexandr Dugin proposed spheres of influence. Russia starts acting on those. China is getting more powerful. Its now or never.

I'm an historical materialist. That means I don't believe religion, ethnicity or political philosophy ever drives international conflict. It's always, always, always material interests. Those other things are just an excuse, something to rile up the populace into supporting the government and dying on the front line. So some think Duginism and a Greater Russia is driving Putin's expanionist activity in Ukraine (inclu…

Many interesting points. I of course know nothing, but I don't see the strategic importance of Sevastopol. If you're Russia controlling Sevastopol, yes it doesn't freeze but where are you going to go? In peace time it doesn't matter who controls Sevastopol, your merchant marine can use it just fine. In war time, where are you going to go? You are certainly not going to cross the Bosphorus, Suez, or Gibraltar. Going back to spheres of influence I guess it does make sense to project power and keep control of the Black Sea and it's neighborhood, and if Russia honestly thought they could take Ukraine in three days then I get how it seemed like a reasonable bet.

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

#843

Post by Y_Y »

linkregister wrote: post #771
Y_Y wrote: post #375

Earlier quoted context omitted.

The IMF seem to think it's good enough to peg their special not-a-currency currency to. https://www.imf.org/en/topics/special-drawing-right

All IMF participating states have allocations of SDRs. By your definition, the IMF is "pegged" to the currency of Afghanistan.

I'm afraid you may have misunderstood. The SDR is a time-varying basket of USD, EUR, RMB, GBP, and JPY. At time of writing Afghanis are not part of SDR, even though Afghanistan owns some SDR.

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

#844

Post by joe_mamba »

mmooss wrote: post #814
joe_mamba wrote: post #659

Earlier quoted context omitted.

Not when the competition is a zero sum game over critical resources. This isn't a game of table tennis, it's about competition over dominance. Friendships are just the media facing image. In reality, if a country can gain an advantage over the other they see as an economic adversary, and has the means to enforce it without repercussions, they'll do it. Then they'll meet up in front of the media, shake hands and gasli…

The lowest common denominator, racial ("shared blood", "tribal", and also "culture" in this context) perspective is exceeded time and again, and the ones that do exceed it are the most free, most prosperous, and most powerful - NATO being a clear example, but also all the Pacific alliances around China. The poorest and least safe are the ones that follow your advice, places like Somalia. Or look at the US and NATO te…

>the ones that do exceed it are the most free, most prosperous, and most powerful - NATO being a clear example

You're beating it around the bush. Tell me how many Spaniard would voluntarily sign up to die to defend Bulgaria if shit were to hit the fan.

THat's how you measure if strength of alliances stand the test of time, or if they're just worthless pieces of paper from a bygone era of peace and prosperity wrapped up in fake nationalism under a made up flag.

> Or look at the US and NATO ten years ago compared to today.

10 years ago a lot more people in US and NATO countries could more easily afford a house and get a decent paying job with a higher purchasing power. What were you trying to prove with this?

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

#845

Post by renewiltord »

s4i wrote: post #831
renewiltord wrote: post #801

Earlier quoted context omitted.

“Used to be” is not “is”. The USSR was an ally. As everyone is pointing out here, there’s no going back. Given that, and as much as I preferred the old order, we have only forward to go. If there were a path back, there’d be a point. But in this discussion, everything has already happened. There’s not much point in saying “if you hadn’t”. Well, Trump did. Having done what he did, nothing to do now but to go full bore…

Path back to what? Time before the US started bullying its allies and destroying Nato? This seems all self-inflicted.

Yes, obviously a path back to that. Self-inflicted or not, it has been inflicted, and Europe has made it clear that it's a one-way road. Half-measures here will simply ruin us. Two possible paths existed: an attempt back to the alliance, or an attempt forward where the US simply exerts what strength she has before it wanes. Now that Europe has made it clear the former isn't on the table, the latter is the only thing available.

Think of it like this: America fucked up, and maybe with other allies at other times we could have gone back to the old ways. But these aren't those allies and this isn't those times. So we close doors on old friendships and go at it the other way.

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

#846

Post by Yoric »

ragall wrote: post #796
arbuge wrote: post #574

Earlier quoted context omitted.

Who would you say the Bismarck equivalent for the USA is/was?

What gave the US the power it's now throwing away was an array of successes that made the US an example of good governance for the entire world: New Deal, Bretton Woods agreeement, victory in WW2, Marshall Plan and NATO. There wasn't a single person in charge of that all, but I think 3 stand out: * Henry Morgenthau Jr.: secretary of Treasury during Roosevelt, one of the main designers of the New Deal, of financing th…

Yeah, the Marshall plan was a master stroke.

Shame the US didn't manage to reproduce it in Irak.

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

#847

Post by SanjayMehta »

lpcvoid wrote: post #823
SanjayMehta wrote: post #789

Earlier quoted context omitted.

Jacques Baud, Alina Lipp, Thomas Röper, Nathalie Yamb, Xavier Moreau disagree with you. And unlike you, some random anonymous poster on this polite version of Reddit, everyone knows what they do.

They are pro russian propaganda mouthpieces and can go fuck themselves. Specially Alina Lipp, may she have fun in her beloved russia.

Have you ever been to Russia or The Ukraine?

Have you ever even met anyone from either country?

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

#848

Post by [deleted] »

jmyeet wrote: post #754
mullingitover wrote: post #383

I remember studying pre-WWI history, and particularly how carefully Bismarck arranged German foreign policy like he was the diplomatic equivalent of Bobby Fischer. Everything was situated perfectly and Germany was totally content. Then along came the absolute moron Wilhelm, and he managed to Leroy Jenkins Germany's beautifully arranged relationships into an aggressive, tactless nightmare where all Germany's allies we…

I don't think you can compare pre-WWI Germany to the US for many reasons. In the colonial era, Germany as a fairly new state and unlike the UK, Spain, France, even Portugal or the Netherlands, they didn't have colonies to exploit. Worse, in the industrialization era they didn't have access to oil. This created a paranoia in Germany, an insecurity that were between Great Powers and were dependent on imports and poorer…

[deleted]

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

#849

Post by Buttons840 »

maerF0x0 wrote: post #88

China 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…

> the S&P500 is down over the past 10 years.

It's down over the last 5, 10, 20, and 30 year windows; which I think is mostly a timing coincidence, but it's a "fun" observation. It took a big drop this last year.

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

#850

Post by Saline9515 »

lpcvoid wrote: post #823
SanjayMehta wrote: post #789

Earlier quoted context omitted.

Jacques Baud, Alina Lipp, Thomas Röper, Nathalie Yamb, Xavier Moreau disagree with you. And unlike you, some random anonymous poster on this polite version of Reddit, everyone knows what they do.

They are pro russian propaganda mouthpieces and can go fuck themselves. Specially Alina Lipp, may she have fun in her beloved russia.

"If we don't believe in freedom of expression for people we despise, we don't believe in it at all." - Noam Chomsky
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