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Topic: Open your eyes stop talking about usa lose power (Read 78 times)

legendary
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It’s very hard to predict if we’ll see complete de-dollarisation in our lifetime. There are several factors that suggest a gradual shift away from the dominance of the US dollar as a global reserve currency. These factors include the rise of alternative currencies like the Chinese yuan and the Euro, efforts by countries to reduce their dependence on the US dollar & geopolitical shifts. Complete de-dollarisation may not happen in the near future but it’s possible that we will witness a more diversified global monetary system in the coming decades.
legendary
Activity: 3444
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I had to double check the date of this topic. C'mon OP, two years ago it made sense to deny dedollarisation as it was just beginning but today it is not something you can deny anymore since it already started and has been going on for two years.

Your examples make no sense in this context either. Google, Facebook, Tesla, etc. have nothing to do with the dollar or the fact that the world has been dumping the dollar slowly but surely.
I don't even want to get into the weird things you said about Trump because you seem to have forgotten that he used to be the US president before senile Joe and he never did any of the things you dream of here Cheesy
legendary
Activity: 3192
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Bitcoin is decentralized, and therefore we have alternatives if we decide not to use dollar, and governments will not be able to impose guardianship over us.
The dollar is involved in every meal we eat or coffee we drink. Global supply chains depend on dollar. Most fuel is priced in dollars, transportation and insurance vehicles are priced in dollars, and even countries that have begun to reduce dependence on the dollar, the dollar still represents the largest part of the budget, so replacing the dollar is currently impossible.

Let's not get our hopes too high. The USD's dominance can't last forever. It will slowly decline until another currency takes its place. American decline doesn't happen overnight. I think it will take 10-20 more years before the USA loses superpower status. Countries are already getting prepared by looking for alternatives to the USD (aka De-dollarization).

Don't count on Bitcoin replacing the USD, though. Especially when it's decentralized and out of the hands of mainstream governments. Even El Salvador uses the USD alongside BTC. With rising national debt in the US, its "death" is becoming certain each day. Who knows how the future will look like without the US in play? Grin
sr. member
Activity: 1456
Merit: 325
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Bitcoin is decentralized, and therefore we have alternatives if we decide not to use dollar, and governments will not be able to impose guardianship over us.
The dollar is involved in every meal we eat or coffee we drink. Global supply chains depend on dollar. Most fuel is priced in dollars, transportation and insurance vehicles are priced in dollars, and even countries that have begun to reduce dependence on the dollar, the dollar still represents the largest part of the budget, so replacing the dollar is currently impossible.
You're right but in a world that's dependent on fiat currency, bitcoin alone isn't going to cut it. You'll have a hard time being able to use bitcoin when the world doesn't fully adopt to it. I wouldn't say impossible to replace the dollar though, there's got to be a tipping point for the dollar and the US government that it's going to be a hard time for them to recover if the breaking point for them is finally reached but as you've already pointed out, the influence that dollar have on our global economy is just too big and deep rooted that it would be difficult to get them out without creating some damages.
sr. member
Activity: 1666
Merit: 292
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Hey OP, Do you want to live in North Korea? You mentioned will no longer be seen as a problem to be solved.

Our life has already happened before birth and death, our existence is to adapt and feel the authenticity of life. I also went through periods where I found everything hateful and suddenly realized that I was also extremely hateful, but when I changed my perspective on life, everything was perfect the way it happened. But the appearance of the $ money system you mentioned, but I don't mind too much, I just know I use it to pay for bills or debts that I create, or social networks that I used to be a place to exchange information... So instead of discussing too many problems that you can't solve yourself, let's enjoy its wonderfulness, even if they see us as robots, that is their perspective, each person's life is decided by them, being enslaved/fighting/calm... are all nuances in life.
legendary
Activity: 3094
Merit: 1385
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USA is still among the top political and economic powers. That's a matter of fact, not opinion. The USD is the top official reserve currency, with a share of nearly 60%. So yeah, the US is important and the USD is important. If dedollarisation is happening, it's clearly failing to make any major global impact so far.
The stuff about US companies is also relevant, but it's important to note that US private corporations and US government are very different entities, especially since the US is a democracy and a very capitalistic country.
legendary
Activity: 1582
Merit: 1284
Bitcoin is decentralized, and therefore we have alternatives if we decide not to use dollar, and governments will not be able to impose guardianship over us.
The dollar is involved in every meal we eat or coffee we drink. Global supply chains depend on dollar. Most fuel is priced in dollars, transportation and insurance vehicles are priced in dollars, and even countries that have begun to reduce dependence on the dollar, the dollar still represents the largest part of the budget, so replacing the dollar is currently impossible.
member
Activity: 154
Merit: 33
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USA is the current long holding superpower and they're significantly thriving to penetrate the globe with the economy structures to hold all corners captive through innovations and technologies including building stronger geopolitical and security facilities surging to their major exploits of Influencing the World today.
I'm not against the dollar but the USA should be diligent and optimistic that other geographical regions are tasty and striving earnestly to takeover the USA position.
Bitcoin isn't a centralized technology and I also hope you don't need to tell me that Satoshi Nakamoto who's tge founder of bitcoin is not an American after much you've listed all those American individuals with the perspectives of influencing the world economy today.
sr. member
Activity: 2618
Merit: 439
Open your eyes look at the world usa power is everywhere.
USA is powerful and influential however it is not immune to everything. There are soma y different factors that could target usa’s economy. Even if it might be one of the strongest countries right now any empire can be brought down. Dedollarization might happen in a long time but it is not completely impossible.
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And btc is great thing it's limited supply perfect thing to use it to back up dollar and Im sure trump team will do everything to get power over btc.
USA now want to be all over btc you can be against this but USA not stupid they see that new generation loves crypto so they want to get involved as much is posssible.
That depends whether trump will win because biden does not seem too fond of bitcoin and anyway I do not think bitcoin users will be very keen on having bitcoin as a back up as much as other american citizens. Bitcoin is very volatile and even if usa had it as their back up it does not mean they would have complete control over it
member
Activity: 377
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Open your eyes look at the world usa power is everywhere.
Those who talk about "dellodollarization" might be the ones who buy dollar.
But let's look the facts, private usa corporations are in power all over the world our everyday life depend of them.
Look guys wake up the world use now meta Facebook Whatsapp Google apple Elon musk Tesla Youtube.
And all the europeans UK and even russians asian people data is in the USA private corporate servers.
Also by the retirement funds european bank customers taking part in investing USA stock Market by default.
Look at NATO before NATO was established was signed contract with USA military companies.
If we look back to the history then hitler Germany enginers had best techology ( operation paperclip) then USA hired those enginers later.
And now we see USA financial companies all over the world like circle USDC want to provide cbdc euro stablecoins using stellar blockchain.
Needdless to say trump will support cryptocurrency and specially stablecoins that's not secret to anyone look whos the friends of trump the blackrock ceo.
Look at the USA power
And there is no competation against those.
The world getting depending of the USA everyday more and more and Even music on other countries radio stations Are mostly from USA singers what we must listen everyday Same music from USA.
And Facebook making more and more things that rest of the world using it in their everyday life.

And btc is great thing it's limited supply perfect thing to use it to back up dollar and Im sure trump team will do everything to get power over btc.
USA now want to be all over btc you can be against this but USA not stupid they see that new generation loves crypto so they want to get involved as much is posssible.

We walking into world where USA private companies own everything and If you dont agree with USA they don't need guns or war against you they can simply just turn off your life maybe your money your company or anything else.

I see dollar getting stronger so the rest of the world need to start serve USA private corporations.
Someone told to me that USA power is revenge against europe because long time ago their parents been bullied in Europe so they Went to usa to work hardest as possible and promesed to revenge against europe specially
Tell me more about de-dollarizaton.. it's not valid thing
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