Earlier quoted context omitted.
7 tps
How many bars of gold get moved round the world every second?
As many as you want.
De-dollarization: Is the US dollar losing its dominance? (2025)
851–860 of 913 posts
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#852Earlier quoted context omitted.
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.
What the guy below said - the UK would have become more like switzerland, much richer, not had a lot of its historic architecture destroyed and two generations of young men slaughtered.
I think it's actually really difficult to make the case for entering either war
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#853Earlier quoted context omitted.
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
Kremlin mouth-peaces can express their bullshit worldview outside of the EU, and they do that quite liberally. It's up to society to ignore them, ultimately it's everybodys own decision. But if you come somewhere, spread propaganda while being paid by adversaries, then you aren't welcome. I applaud the EUs sanctioning of these individuals, and I don't really care to hear from pro-russian folks why that's a bad thing in their eyes.
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#854Earlier quoted context omitted.
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?
I know both people from Kiev, and people who fled russia in late 2022. I don't care for your pro-russian worldview. And I know you do it on purpose, but it's "Ukraine", and not "the Ukraine". It's a sovereign state, not a russian oblast like you have been taught by the Kremlin.
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#855Earlier quoted context omitted.
There more to stability than continuity of government. Though, that definitely is important. It’s bad enough that America’s foreign policy lately swings wildly every four years. More recently, it’s been acting aggressive toward allies, and making very strange and unpredictable moves. The USA’s tariff policies are, frankly, utterly insane. Yes, I do mean the tariffs are irrational and incoherent. The approach to the t…
Why is this getting downvoted? Everything said here is true.
Because the propaganda apparatus is out of control.
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#856Earlier quoted context omitted.
"If we don't believe in freedom of expression for people we despise, we don't believe in it at all." - Noam Chomsky
Kremlin mouth-peaces can express their bullshit worldview outside of the EU, and they do that quite liberally. It's up to society to ignore them, ultimately it's everybodys own decision. But if you come somewhere, spread propaganda while being paid by adversaries, then you aren't welcome. I applaud the EUs sanctioning of these individuals, and I don't really care to hear from pro-russian folks why that's a bad thing…
I don't like "Kremlin influencers", that said the Streisand effect is real, and the slope is very slippery from here to include other people along the ride.
Will we also sanction Elon Musk and other pro-MAGA individuals after the current rift between the EU and the US? Why not include Chinese ones, too, who are actually quite active? Also, far-right influencers? Far-left? They are nazis/communists after all!
Or, if you are German, consider that saying something offensive about a politician is "attacking democracy" and sentence people to prison because of untasteful memes.[0]
Of course, all of this can be justified and most undemocratic/less democratic countries get along with those rules, but at least let's stop pandering to "values" that have become pious words without any real meaning.
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#857Earlier quoted context omitted.
> Isn't this the real chart to look at for that? No, the perplexity chart is actually a really bad one to look at. It tracks a derivative of gold from 1975 onwards from which the S&P already accrued over 350% in returns. They also started the gold derivative off at a price of $178 while using the initial price of $17.57 to calculate S&P returns. > Personally I am about $10M USD poorer for listening to people on the i…
Any advice that you both understand and fits perfectly into your mental model is probably coming from whatever dogma you already follow and is therefore useless. Any advice you don't understand is, of course, useless. Any advice you do understand but doesn't fit into your mental model will just get rejected. “I always pass on good advice. It is the only thing to do with it. It is never of any use to oneself.” ― Oscar…
> Any advice that you both understand and fits perfectly into your mental model is probably coming from whatever dogma you already follow
I don't know what you mean by "fits perfectly" into one's mental model, but one can certainly accept new information validated against their own understanding of the world. People don't put an equal amount of weight in each of their beliefs and there are axiomatic ones that can be used in logical arguments to disprove the inconsistencies of others.
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#858Earlier quoted context omitted.
Please make the case that the UK should have (and could have) stayed neutral during WWs 1 & 2 and gained from it.
What the guy below said - the UK would have become more like switzerland, much richer, not had a lot of its historic architecture destroyed and two generations of young men slaughtered. I think it's actually really difficult to make the case for entering either war
What makes you think that the UK would fare like Switzerland and not like Norway, who also tried staying neutral?
What makes you think a Europe with, for example, Nazi Germany as hegemon would be safer for the UK, or that the UK would have a choice in fighting or not?
My point is that projecting some future based on choices not taken is purely historical fiction and there is no reason to believe anything would go the way you or I think it would have gone had UK done this or that. There are far too many variables to consider, and it is impossible to experiment. I think you can make the case the other way just as well that politics of appeasement in the time leading up to WW2 led to the war being even more devastating.
EDIT: Here's some actual plans that the Nazis had for Switzerland btw https://en.wikipedia.org/wiki/Operation_Tannenbaum
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#859For 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.
It'll be fractured for a while, which isn't great.
Africa will likely primarily use the yuan, Europe the euro, and a smattering of states will use the dollar.
This sort of fracturing is bad because the cost of goods will be pretty much unpredictable. Trade routes may once again determine how something is priced. It also means goods that are cheap today may become massively expensive tomorrow.
There might be some regional stability, but things like electronics that use a global market are going to be heavily disrupted.
Re: De-dollarization: Is the US dollar losing its dominance? (2025)
#860Earlier 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…
When societies can't solve their internal problems internally they tend to turn outward for solutions. Everybody could see the long string of preventable phenomena leading up to this: financial deregulation, decline of civic institutions, high levels of deaths of despair, rampant individualism, unchecked commerce, rising internal violence, rising inequality, rotten media landscape, open political corruption (not in t…
How often has a decaying empire been reset without either war or violent revolution?