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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)

#91

Post by FuckButtons »

mkoubaa wrote: post #25
snovymgodym wrote: post #3

The 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.

[flagged]

It has about 38 trillion reasons exist. if you want to see what national debt looks like for countries without an independent central bank, there are plenty of examples around the world and throughout history. I’m sure the Wikipedia page on failed states would be a good starting point.

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

#92

Post by howmayiannoyyou »

USD remains and will remain dominant. Trillions in dollar denominated debt and derivatives, insurance products and assets exist globally. No other country willing to run prolonged & massive deficits required for a reserve currency. No other country, of sufficient size, has as predictable legal and regulatory dispute resolution environment. No other country currently has capabilities to protect overseas shipping - a key component of global trade.

USD dominance isn't going anywhere despite hurt feelings over Trump or US policies.

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

#93

Post by FpUser »

hnburnsy wrote: post #77

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.

As a long term Gold and Oil pretty much are

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

#94

Post by TSiege »

andsoitis wrote: post #7
jacquesm wrote: post #2

It'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.

You're also forgetting BRICs and the EU's efforts to create their own banking systems that would make it easier to do trade and finances without the dollar as an intermediary. The dollar being the reserve currency is going to be come more sudden once mass adoption of those platforms takes hold. Who can blame them with how the US is behaving

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

#95

Post by [deleted] »

DetectDefect wrote: post #53
4fterd4rk wrote: post #6

Compromised 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?

[deleted]

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

#96

Post by Jtsummers »

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

Many of us see it, but many others seem to be embracing it and trying to hasten it for reasons unknown. They pine for the glory days of post-WWII US hegemony but are actively undoing the institutions that were instrumental in US economic and political power at that time. They have no coherent world view, they are severely confused, but unfortunately numerous.

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

#97

Post by IshKebab »

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…

Gold is not "real money", come on.

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

#98

Post by ezst »

mkoubaa wrote: post #25
snovymgodym wrote: post #3

The 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.

[flagged]

What the other said about it being a non sequitur, adding on top of that "constitutional right" is no longer as strong a statement as you think it is considering the kangaroo court that is the SCOTUS nowadays.

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

#99

Post by munk-a »

mothballed wrote: post #84
munk-a wrote: post #66

Earlier quoted context omitted.

It isn't prohibited by the constitution and was created as an independent body. You are correct that it wasn't specifically outlined by the constitution but that's an empty statement - the constitution included the allowance of the creation of agencies and laws outside of itself... that's the main power and strength of the constitution. Your statement was equivalent to saying that Hacker News has no constitutional ri…

The 10th amendment limits the federal government to the enumerated powers. So your argument that it "isn't prohibited" isn't how this works. You have to justify it under an enumerated power (which, you might well be able to do, though this is debatable).

I am not a constitutional scholar so a better expert may be able to provide a more sound response but I believe the Commerce Clause is generally accepted to include currency control (and early tests of federalism in the US found that independent state currencies could be restricted by the federal government).

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

#100

Post by slibhb »

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

The reverse is true: people who say things like "The US century is over" almost always dislike the US or wish its global influence would decline. Their commentary is wishful thinking.

There is some probability that US global influence does significantly decline but I wouldn't hold my breath.

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