De-dollarization is already happening and nobody will notice it because it has small or no significant on US economy presently,but I believe that at the passage of time and the failure for countries to use dollar for most global transactions, it will be noticed.
I believe one thing that is constant in life is changes which can contribute to people dumping the USD for an alternative currency due to the fact that US is always manipulating the dollar value for their own benefit. If countries like Saudi Arabia is selling crude for Yuan and convert it to gold with some other countries,then I think that there is an underground plan going on between this set of countries to shy away from US dollar.
Topic: Dedollarization is here, like it or not - page 2. (Read 475 times)
Dedollarization may be a fact but I think it will be a very slow process. The U.S. dollar is so pervasive as a reserve currency that it has become an integral part of the economic infrastructures of every country in the world.
I think we are looking at decades rather than years.
I think we are looking at decades rather than years.
I agree with your point of view. Given the global financial system's complexity and interdependence, dedollarization is a long process that requires careful planning, coordination, and consensus across countries. While there is a rising interest in alternatives to the US dollar, the move away from dollar supremacy is likely to take a long time.
In regards to the last part of your post.
I think, intelligence rather than force could also be used by dominant country to assert its dominance. Even though a more dominant force can be a sign of higher intelligence.
The two are main ways to know which country's currency will remain or become dominant. I would have given it to Russia but she doesn't seem to be interested in strong currency or imposing her will on others. I think the Head isn't that ambitious. It's more about the preservation of past glory or holding on to the past. A mere destruction of the statues of their past heroes would piss him off more than insults from weak Nations
I think, intelligence rather than force could also be used by dominant country to assert its dominance. Even though a more dominant force can be a sign of higher intelligence.
The two are main ways to know which country's currency will remain or become dominant. I would have given it to Russia but she doesn't seem to be interested in strong currency or imposing her will on others. I think the Head isn't that ambitious. It's more about the preservation of past glory or holding on to the past. A mere destruction of the statues of their past heroes would piss him off more than insults from weak Nations
It's not that Russia is not interested in a strong ruble.
As a result of international economic sanctions, Russia's foreign exchange earnings from the sale of hydrocarbons and other commodities are falling.
At the same time, there is a growing need for expenditures denominated in the national currency (Russian rubles). This is due to military spending and the cost of restructuring the Russian industry, which has been hit hard by international sanctions.
Therefore, the depreciation of the Russian ruble against the US dollar is an objective process. In the near future, we will probably see the rate of 1 US dollar = 100 Russian rubles.
It must be admitted that currently the position of the dollar is still too strong when compared to any other currency, even when European countries use EURO with the main goal of becoming the largest currency, it turns out that it has decreased in value with the dollar, and in my opinion, as long as the USA is still a strong country, of course they will protect the dollar. .
(...)
A much more important question is whether United States has the military capability to start a war to prevent dedollarization?
From what we've seen over the past 2 decades, and how US military policy has been proxy wars; I'd say NO.
But this doesn't mean we aren't going to see more conflicts like the ongoing Russian-NATO war, this means we will see more proxy wars where US stands back while others fight and destroy their own countries (eg. China-Taiwan).
I cannot speculate on the possibility of the US military starting a war to prevent the dollarization of foreign currencies. It is worth noting that the US military has historically favored a strategy of proxy warfare, whereby allies or client states are supported in lieu of direct intervention. Nevertheless, it is possible that we may see more conflicts where the US is involved in a supporting role while other parties do the fighting. Ultimately, the decision to engage in military action would depend on a variety of complex political, economic, and security factors. A much more important question is whether United States has the military capability to start a war to prevent dedollarization?
From what we've seen over the past 2 decades, and how US military policy has been proxy wars; I'd say NO.
But this doesn't mean we aren't going to see more conflicts like the ongoing Russian-NATO war, this means we will see more proxy wars where US stands back while others fight and destroy their own countries (eg. China-Taiwan).
The current war is between Russia and Ukraine. Calling it a "Russia-NATO" war is not only inaccurate, but also taking away all the subjectivity of Ukraine in a completely unjust way because the vast majority of the fighters are Ukrainians and same goes for civilian casualties. NATO countries are giving a lot of military support to Ukraine, but no NATO armies are actually deploying troops and fighting against Russia in any capacity, which once again makes the formulation incorrect.
As for dedollarization, it really doesn't seem that countries are giving up on the dollar on a significant scale right now to talk about the USD losing its leading position.
As for dedollarization, it really doesn't seem that countries are giving up on the dollar on a significant scale right now to talk about the USD losing its leading position.
Lol. You guys used to get on well with each other, right? 
Not really, but it went all south when those stupid Americans with their stupid garbage American weapons that can't hit a thing turned the former leader of
But I like to think of it as Yin and Yang.
He comes with the propaganda, I come with facts and debunk it.
He spills venom right and left about Europeans dying of hunger, cold, thirst and raccoon bites, I came with positivity.
Isn't life fun? Of course, not if you're executed if you wear jeans in a public place!
Regarding the subject in question, it is true that we hear a lot more nowadays of various countries proposing an alternative to the dollar and even starting to make some trades with alternative currencies. To what extent they may succeed remains to be seen.
The weird part is that I don't see the change right here, exactly by the same people claiming the dollar is dead, I mean everyone is in:
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Signature Campaign > Up to $x/week
Isn't weird to hate the dollar, despise it but still agree to get paid by its value? There is propaganda, and there is reality!
In regards to the last part of your post.
I think, intelligence rather than force could also be used by dominant country to assert its dominance. Even though a more dominant force can be a sign of higher intelligence.
The two are main ways to know which country's currency will remain or become dominant. I would have given it to Russia but she doesn't seem to be interested in strong currency or imposing her will on others. I think the Head isn't that ambitious. It's more about the preservation of past glory or holding on to the past. A mere destruction of the statues of their past heroes would piss him off more than insults from weak Nations
I think, intelligence rather than force could also be used by dominant country to assert its dominance. Even though a more dominant force can be a sign of higher intelligence.
The two are main ways to know which country's currency will remain or become dominant. I would have given it to Russia but she doesn't seem to be interested in strong currency or imposing her will on others. I think the Head isn't that ambitious. It's more about the preservation of past glory or holding on to the past. A mere destruction of the statues of their past heroes would piss him off more than insults from weak Nations
There will be many people who oppose your article who are American fanatics and always consider America more than their parents. But the reality is that de-dollarization is happening even though we don't know if it will succeed or fail. It's really happening, and it's scaring a lot of people. I don't care if the USD is dethroned or not, but I want a fair and balanced world rather than just depending on one great power, and they can do whatever they want. They are also just one country out of 200 other countries, they are not the creators of this world.
Variety they say is the spice of life. Let us have competitors that will offer other nations some incentive to join their financial bloc. I don't want the dollar to be dethroned but I want another currency to rise so that the weaponization of currencies will cease. How are we sure that China or Russia will not be more draconian if they succeed to dethrone the Dollars? We have been hearing this rumor for a long time maybe the 15th BRICS summit in South Africa will put an end to this speculation.It might be difficult to implement a policy where every nation will be allowed to trade or make payments with their local currency without restrictions. This is because politics have become the main reason for this economic war between these world powers. Using Bitcoin for International trade might reduce all these needless superiority wars that are causing more harm than good in the global economic space.
I agree with main dedollarization argument. I think everyone in the world wants American hegemony on financial markets to end. So we will observe very strange dedollarization movements in coming years for sure. Its gonna be very slow process - I think if you are like 20-30 years old you probably will not see American hegemony ending. I also think this move may totally fail: Just ask consumers around the world about how they calculate their expenses, wages. Local currencies are very very unimportant. Most world governments look at usd or euro while fixing purchasing power in their own country. So dedollarization itself can become scam in coming years.
Just because we were born and raised in a world where America is at the top and in control of everything, and we always think in our heads that they are the strongest country and will never be defeated. But if we take the time to learn about world history, we will see before the US that many countries used to stand in the position that the US is, and they have also been defeated and replaced over time.
To be fair, no one can last forever or will always be on top forever. The US has brought down other countries to become No. 1, and that will happen again in the future, but the problem is we will never know when that will happen.
I agree with main dedollarization argument. I think everyone in the world wants American hegemony on financial markets to end. So we will observe very strange dedollarization movements in coming years for sure. Its gonna be very slow process - I think if you are like 20-30 years old you probably will not see American hegemony ending. I also think this move may totally fail: Just ask consumers around the world about how they calculate their expenses, wages. Local currencies are very very unimportant. Most world governments look at usd or euro while fixing purchasing power in their own country. So dedollarization itself can become scam in coming years.
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Since March of this year, discussions on "de-dollarization" in the international community have heated up sharply. According to Google data, the global search index on "Dedollarization" (Dedollarization) reached a perfect score of "100" in April this year, and the relevant discussions have reached the highest level since the data was available in 2004.
The issue of "de-dollarization" has been hotly debated internationally. The bearish sentiment on the US dollar has heated up, and the prices of gold and cryptocurrencies have risen. We believe that the background of this round of "de-dollarization" craze is quite complicated. So my personal point of view is to take some precautions. Of course, seeing that many rich people buy gold in kilograms, I want to say that this is not a very wise choice. People don't put all their eggs in one basket, so Bitcoin is also one of my choices. After all, the original intention of Bitcoin is to fight against the US dollar's global harvesting of assets.
De-dollarization is not something that is going to happen anytime soon. It might happen sometime in the future but not today. This is not something that can just happen in a couple of years.
The main reason I feel this is going to take decades is because there has to be a currency that people trust. a currency that is relatively stable like the dollar. Countries don't just wake up and start using a particular currency as their federal reserve currency.
I don't think there's going to be any war between countries about this. It's only going to be an economic battle. It's still going to be the same old international politics.
The main reason I feel this is going to take decades is because there has to be a currency that people trust. a currency that is relatively stable like the dollar. Countries don't just wake up and start using a particular currency as their federal reserve currency.
I don't think there's going to be any war between countries about this. It's only going to be an economic battle. It's still going to be the same old international politics.
......
Reminds me of another topic - "199,000 companies in Germany went bankrupt due to the energy crisis." Where the author is very unobtrusive, as if hinting that this is all a consequence of the refusal of gas from the country of the terrorist.
As a result, everyone laughed, except for the author of the topic, and the author of this "masterpiece", after a couple of answers, decided to run away from the topic so as not to be completely ridiculed
I consider this topic a sequel to the above article.
To the author of the topic - many thanks for the laughter and cheerful mood
PS I consider the author of the topic to be the discoverer of a new type of stand-up - "Petrosyan's Political Humor"
In case somebody is still wondering why OP is so full of hate against the us dollar, let me show you two pics to clear the confusion:
This is how depolarization and the fall of the dollar looks from Iran, Op's country:
...
This is what dollarization and stupid basij propaganda look like in reality, poverty, poverty and poverty!
Lol. You guys used to get on well with each other, right?
Regarding the subject in question, it is true that we hear a lot more nowadays of various countries proposing an alternative to the dollar and even starting to make some trades with alternative currencies. To what extent they may succeed remains to be seen. On the other hand we saw with the war in Ukraine and the high inflation how there was a high demand for dollars as a safe haven so the supposed de-dollarization, at least for the time being, seems to have little impact.
The pathetic thing is that the dollar is still the currency with the highest demand today, not because it is very good, but because it is less bad, and in some cases much less bad than the other currencies.
I agree with most of the opinions that there is a global trend (since the sixties of the last century after Nixon's admission that America does not have enough gold to cover all of its dollar mints) to reduce the power of the dollar and why not get rid of it (a utopian dream). However, I do not agree at all with the optimistic views that this may succeed despite the important steps taken by some countries and entities in order to achieve this ; it was not easy for U.S.A to establish the power of the dollar, which requires terrorizing the world with two nuclear bombs, it will never be easy to remove that power from the dollar unless we remove America's dominant power over the world.
In a statement to one of the economists, he stated that the United States does not pay attention to all attempts to get rid of the dollar because it knows that it is almost impossible (at least now) for them to do so, since international exchanges require both parties to be satisfied with the currency used, which cannot happen with Most countries in the world that do not want to replace the dollar.
In a statement to one of the economists, he stated that the United States does not pay attention to all attempts to get rid of the dollar because it knows that it is almost impossible (at least now) for them to do so, since international exchanges require both parties to be satisfied with the currency used, which cannot happen with Most countries in the world that do not want to replace the dollar.
Dedollarization is indeed a real phenomenon that is being discussed and pursued by various countries. The desire to diversify reserve holdings and reduce dependence on a single currency is driven by the goal of reducing vulnerability to potential economic disruptions or geopolitical pressures. Many will think of promoting a multipolar world where power and influence are more evenly distributed among nations. It is also understandable why everyone is aiming for a fairer and more equal life, but this issue also needs to be considered more.
We may not see the dollar lose its position as a world reserve currency, but it can become much weaker in the coming years and weak dollar is good for bitcoin, so I'm planning to watch this with a supply of popcorn. Let's see how the first hawk of the FED handles this situation.
I would say this is exactly what countries like China and Russia want. The more the dollar loses value as a central or international reserve currency the more the American government loses its political against other countries. Many countries have started to opt into assets that have store of value like gold and this where others could prioritize the bitcoin too.
But one thing i see in this dedollarization is that as countries are moving away from dollars they are not looking towards one country currency like the yen. Because of they do then this brings power to another country and this is just similar to what is happening now. So I am of the belief that this propaganda is just to weaken the dollar but to overthrown it as a central currency will take longer time to be achieved.
BRICS countries did announce that they are going to create a new currency to usurp the dollar but it's a long way from happening. You can't just mint a token (pun intended) and expect everyone to use it.
The result won't be much different from the tokens on Ethereum, Tron, BSC.
So they announced that they are going to use a "basket" of their own currencies as a means of payment among themselves. It's going to be used mainly in (country) trading. But even this is a long way from happening currently. That's not to deny that these countries are pissed at the US economy - it's hard not to be, considering how the rising inflation and more recently the looming default are screwing over a lot of people at the moment - including US residents.
The result won't be much different from the tokens on Ethereum, Tron, BSC.
So they announced that they are going to use a "basket" of their own currencies as a means of payment among themselves. It's going to be used mainly in (country) trading. But even this is a long way from happening currently. That's not to deny that these countries are pissed at the US economy - it's hard not to be, considering how the rising inflation and more recently the looming default are screwing over a lot of people at the moment - including US residents.
OP's views may not be completely accurate but something is going on with the dollar, we can't deny it. Another fact is that 10 years ago, countries weren't looking for alternatives the way they're doing it now.
Let's drop poor Iran for now and Russia that is obviously (judging by its propaganda and issued threats) at war with half of the world right now. Brazil is no longer using the dollar, UAE and Saudi Arabia don't even want to talk with Biden and inflation in the US is definitely not transitory.
We may not see the dollar lose its position as a world reserve currency, but it can become much weaker in the coming years and weak dollar is good for bitcoin, so I'm planning to watch this with a supply of popcorn. Let's see how the first hawk of the FED handles this situation.
Why is it that people think everything that is negative about West must be Putin's propaganda?
Dude you just literally said this. Quote
Same thing US is doing to Europe today, "squashing them". On one hand US has created another "USSR" boogeyman to scare Europe and on the other hand has increased the reliance of Europe on US in energy, weapons, and a lot of other things.
It's directly from Kremlin book of propaganda and you are not even trying to hide it. How was that fair and balanced view of anything? That quoted part wasn't even critique against US, you made it up. US didn't create the Russian invasion. Russia attacked to Ukraine so get your facts straight. US just understands that if they would not help us now this humanitarian catastrophe might escalate to WW3. Because if Russia succesfully conquered Ukraine, they are not stopping there. We who live closer to this situation and have our own history with Russia, we know how they operate. So maybe we understand the bigger picture and stakes in this little better.
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