Topic: Can the US win the currency war? - page 2. (Read 4314 times)

I hope everything is fine and there was no war

Very correct. I will add even that the people have their saving in us dollar not even in poor countries but even in other which are not poor but are strong connections with United States or are more welathy. My country is not poor. According to World Bank my country classified with "Upper middle income", have 4,619.2 us dollar income pro capita and most of my people have their savings in us dollar. One the the three options of which is our monetary reserve is us dollar. Our country have even strong connections (government and people) with USA.

I think in future there are possibilities and if hegemony of the powers in the world change then you may expect to see other currencies and maybe you see bitcoin as a substitute.

yes, this is a fact. i think that is a similar situation with price of gold. when the petrol is not being used, other currency maybe have chance

Most countries around the world use USD as their reserve currency. Many people in poor countries also put their savings in USD due to the perceived stability.

I'm not sure what you are talking about.  Chinese is the most common language on the planet for one.  For two, there are more English speakers in China than in USA.  For three, how does "Uncle Sam" win a currency war when he doesn't exist?  People make gains, not giant geographical and political descriptors make gains.  Think about whether -you- will gain or lose portfolio value as the so-called currency war continues.   

Bitcoin could become the reserve currency of the world if it's backed up by Gold, Governments, etc But until then, the USD will remain at the top for probably the next 5 to 10 years or so. Just my opinion 

No way even about this. I am a bitcoiner but bitcoin will be never the world currency. May be one of the world currency and I hope one of the most used world currency but never the world currency. First of all because are not to many coins to face all need for money in all the world. Second because people need to buy the bread every day and cannot do this with bitcoin. And cannot created the physical coins because bitcoin has no owners to take care of this. Then for to many other reasons like impossibility to do monetary policies, war between its developers about the ways in which it must be developed etc. Then is ridiculous to tell the next years when it is known (yes or not) only by 1% of the people of the world.

Things change mate, and who knows you may be looking at btc as the global currency in the next few years. I guess no one would have guessed rome would die out before it actually did

No way about this. Us dollar is the world currency and us dollar will be the world currency also for to many other years. If it will be an war which will threaten it I think that again it will be the winner. There will be and there are in place two big potential economic wars which risky the dominance of us dollar. The war with European union and the war with China. I think that both of those will be won by United States. If it will be so the us dollar will maintain its position as e leader currency in the world. Most of the countries (or all of them) will continue to maintain their monetary reserves mainly in us dollar and this currency will be the most privileged one among all the others.

Same with the English. Will continue to maintain the first place as a spoken language. No risk from China even with the increasing power of this country and no risk from European Union which have English as official language on it.

Beside petrol, most of important commodities in the world tend to get traded and priced in US dollars. Thats prove us that USD is a strong currency and wont fall easily. http://www.forbes.com/sites/kitconews/2014/08/07/economic-geopolitical-events-support-us-dollar-but-gains-may-be-tempered-short-term/

https://en.wikipedia.org/wiki/Petrodollar

This is the reason why US Dollars will keep ruling as a currency.

USD is the default currency for buying petrol. You cannot buy petrol with euro's or GBP's. You need the "Green"!

US Dollar always become a strongest currency in the world, and even its accepted as a global currency for some countries. I think US will do anything to make it stable and prevent any action from other country that could give bad effect to USD. I guess thats why US make some acts like spying EU countries or interfering China in South China Sea.

The best way to get a job is create one, maybe you could help your friends and talk to them about how they can create their own venture, if they have great ideas. Maybe they should research which industries are booming and then revolve their work around it so they get more early market acceptance. I think there is a worldwide struggle regarding employment nowadays. Too many people, very less opportunities.

well they can as long we hold the dollar technically right?

on the dollar bill it says "in god we trust" hence fiat is only a form of trust.

US was its dominance back in ww 2, when we pretty have most of the gold supply and ever since then no one questioned the dollar.

So as for US winning the currency war it should be a obvious one since its been wide spread. As for the value though, its lost if there is a huge surge of bitcoin users and drop the dollar.

The currency "war" is unfortunately quite real, and the reason is simple.  The elites and the population of the country issuing the global reserve currency are able to collect a tax from the rest of the world for breathing the air, essentially.  (That is, assuming there is still a trusted paper reserve currency.)

- The country borrows at a cheap interest rate since savers and central banks are happy to park their wealth in its currency.
- The country can run up a greater debt than other while still maintaining confidence in its currency.
- The country can shift most of the pain from economic downturns to the rest of the world ("When America sneezes, the world catches a cold.")
- The country receives most of the immediate benefits of new high growth economies by buying their goods cheaply.

The only problem, in the long run, is that the country is doomed to decline as its people and institutions are weakened by receiving so much unearned wealth.  (The US Congress is not used to solving real problems, because most problems can be "solved" by pouring cheaply borrowed money on them.)

The same relentless decline has occurred to past global financial and military (as the two go together) top dogs: Spain, the Netherlands, and the UK.  The UK has been shrewd in arranging a friendly US to inherit its position and help ease it into second-rate status.

But, that is not the concern of the elites of the country, as they receive immense power and wealth immediately.

It's called a war because the currency game is winner-take-all, by necessity.  Having two top-dogs is unstable because they will each try to knock the other one out, until one succeeds.  For the winner, monetary power will drive economic and military power, which will use political manipulation to safeguard monetary power, in turn.  (At least while the country's dominant position lasts.)

The future of the US dollar is depends on a number of factors.  How fast the US general decline will happen; how long the monetary and financial bubble will last (which is by nature uncertain in the short to medium term;) how quickly a friendly heir can take over (most likely India, and not China, for cultural reasons -- but definitely not a European entity or Japan, since they have been close allies and their financial-asset-inflation is only one step behind the US;)

The best hope for the world is that, at some point, no dominant power exists.  Since no national currency is much trusted, each country essentially has to compete fairly and actually earn its living.  Neutral currencies like gold or Bitcoin should do well in this environment.  IMO the Anglo-American system has dominated the world for so long that people forget this is eminently possible.  This was basically what happened just in the 18th century, when Britain and France were vying for world power.  That period also "happened" to see the most progress in public awareness and intellectual life, IMO.

I think in that kind of War there is no winner,victims are citzens,ordinary people.Money games,debt creating do we want that
About laungage,come learn Polish ,wish you the best.Pretty hard

I have some friends there and everyone is struggling to get a job and the jobs they get are always underpaid and chances are they are not full time jobs. I agree that there is some recovery but he isn't wrong on what he said, the jobs aren't decent enough and I fail to see how it will get any better. It seems they are stuck in perpetual austerity being Troika's bitch just like all southern european countries are.

I don't think that the US will win the currency war, as the USD is slowly going down. However, I think that GBP (British Pound) might win (maybe?). As of now, they're more valuable than USD and EUR. (at the time of this writing).

In the end, Bitcoin might become the world's reserve currency, or maybe not. Just speculating, of course.