Topic: Dollar don't serve us anymore only few elite usd too expensive (Read 114 times)

Gets cheaper all the time. BTC  is high priced enough that most of the world could not buy 1 .

I am well aware that 21 mill btc vs 8.2 billon means 0.004 btc per person if you devide it evenly.

Seems to me 128 trillion dollars means 1500 usd each so the dollar is way way cheaper

There is nothing you can do to stop that process. We live in a capitalism where poor people work for rich people. We tried socialism and it didn't work because people are greedy and in socialism, people want to work less but share a big portion of hard workers. Capitalism is the most successful form but we are forced to feed few elites, which will always be mandatory.

How can people easily abandon the USD? Do you have any plans? It's not like you exchange USD in your local currency and USD is gone. USD is like a venom without an antidote. It's impossible for people to abandon it. It's only possible for businesses but then again, elites who control USD, don't want businesses to abandon it.

Dollar isn't expensive, it's cheap. The dollar lost purchasing power.

People can't do it, countries have to do it. And they are doing it through different multinational organizations like BRICS but it will take time since it is not possible to change world order overnight.

By the way, dollar is not expensive at all. It doesn't even make sense to describe a fiat currency as "expensive". It is just a very bad fiat to use because it opens you up for abuse by the US regime, for example they can seize all your money if they wish to. Look at what they've done to dozens of countries when they stole hundreds of billions of dollars from each of them!

The dollar is already dead. It is just some people still didn’t realize it. Those who did, they are running away from the dollar as fast as they can. Look at the BRICS countries, they formed an economic alliance and their common currency won’t be the dollar. Russia, China and India these are the top finance dogs of our world lately and they don’t want to use the dollar.

In a few decades, the USD will be a local currency like GBP or New Zealand Dollars probably. And USA did this to itself when they decided to use the USD as a political weapon. If you kick enough number of countries out of the swift system, of course they’ll create their own payment system. You didn’t think they would starve to death right?

It is not that easy to dump the US dollar with no consequences or even to think that the U.S. would do nothing if that were to be attempted. The dollar remains involved in more than 88% of global currency exchanges and 59% of worldwide central bank reserves. As much as there's been a call for de-dollarization-for instance, the BRICS countries trading amongst themselves in their respective currencies-it becomes an uphill task to rival the dollar in terms of liquidity and stability. The simple act of abandoning the dollar completely would severely disrupt world trade, especially in countries whose economies largely depend on the stability of the dollar for trade.

But I think that even if BRICS ever creates its currency, it would not overnight steal the dollar's crown. Again, a move to newer, untested currencies and volatile economies is fraught with risk. Even when large shifts may be seen, the U.S. could still impose sanctions or use economic leverage to affect nations attempting to jettison the dollar entirely.

You can use US. dollar or don't use it, it's your choice.

It's more easier to abandon (don't use) US. dollar individually than don't use it at national level. Because in globalized world with cross trades among nations, a nation can not simply abandon US. dollar while their partners are using it.

You need to look at this in two ways.

One way is the USA become stronger in economy and politics, and it increases value of US. dollar.
Another way, that is common, is dramatic loss/ decrease of purchasing power of your national fiat currency. It causes less exchange rate of your national fiat currency to US. dollar.

Examples are Naira and Venezuelan Bolivar. Nigeria and Venezuela governments are responsible for it, not US government or US dollar.
https://www.xe.com/currencycharts/?from=VEF&to=USD&view=10Y
https://www.xe.com/currencycharts/?from=NGN&to=USD&view=10Y

The concept of an exit from the dollar represents a growing sentiment within some countries and individuals that the power of the dollar mainly serves the interest of a few elites while the majority of people end up on the short end of the stick, with little or nothing to show for their time on earth

For instance, investing dollars is not as easy as it seems. Being the world's main currency, the US dollar is widely used in international trade and finance. This system has huge advantages for the United States. This makes it easy to borrow and maintain low interest rates. Meanwhile, some countries, such as BRICS members, are looking at alternatives. Shifting away from the dollar will require significant changes in the global trade and financial system.

You also mentioned that Bitcoin and other cryptocurrencies, which some consider as eventual alternatives to other traditional currencies, despite their volatile nature and other challenges, yet make many people remain cautious. For the cryptocurrencies, stability, regulation, and scalability are going to need correction before they receive acceptance from the world.

Last but not the least is your point of view concerning the issues of a fair monetary system that, in itself, takes up inequality of income and other grievances. Of course, one can be sympathetic toward change and peruse alternative options. But global economic crises provide for the fact that any innovation cannot take place overnight, yet it does demand time as well as coordination from many countries and territories. Your comment marks the fact that there ought to be discourse on money, and its worth also and in what way the monetary mechanism really impacts people on a day to day basis.

USA gives no sign of ending the yearly budget deficit. Every year after the crashing of both world trade towers 2002 to 2024 the USA has run a deficit and increased its debt bigly.

It's reached the point that it is intentional and is being done to show that major terrorist attacks can be spun by the USA to get richer and fuck the poor more.

I do not think we will see much change in this policy. SO ending the dollar is not going to be as easy as many think.

It's more likely we will be afraid of our cellphones and tablets as large governments will allow them to be rigged.

WE saw proof of concept done with 1000's of pagers a few weeks ago.

Theoretically, it is possible to abandon the use of the dollar, but practically, this is almost impossible in our current era. This is due to several reasons, the most important of which is that the dollar has been adopted as a global currency since the Bretton Woods Conference and the prices of important products such as gold and oil are determined in the global market exclusively in dollars. In addition to the dominance of the United States over the world economy as a classical economic power, which made the dollar widely used and a safe investment haven with the spread of the use of American bonds. Currently, there is no alternative capable of competing with the dollar, and therefore the answer to your question is that it is absolutely impossible to abandon the use of the dollar.
However, there are expectations that this situation will not remain as it is for long due to several factors, the most important of which is the decline of American hegemony over the world with the emergence of new poles, and the emergence of cryptocurrencies that can compete with the dollar thanks to the characteristics of the decentralized blockchain. There are many other factors that can be addressed in more detail.

I don't know what you are trying to say, but the USD is the world reserve currency and if you do not live in the United States, then you prolly do not personally use the USD, but your government/central bank does.

Central banks and institutions do not simply wake up and stop using the world's reserve currency, it is what they use for international trade and transactions, they also receive debt in USD and pay back in USD, etc, and these are some of the reasons they hold USD reserve. Now for them to stop doing so, another currency has to topple the USD as the world's reserve currency.

What If we just don't use dollar then what ?
Does the Biden and all the lazy guys in office who never maybe even worked out or working in hard jobs come do something about it ?
You see they want rest of the world doing everything for them but what If we just say no thanks keep your dollars yourself
Dollar only serves the few elite ....but why i should feed them ? If it's not beneficial for me ?

I think people can just abond the usd easy and USA can't do nothing about it
Dollar is expensive too High value If dollar would be lower off course people would use it.
So If USA LET down their dollar i'll buy it everybody will buy it
We live in this world get profit and benefits of everything i don't make moves If it doesn't serve me well.
So brics Nations can provide much lower price currency wich can be bought with higher dollar.
Same goes to btc it's way too expensive like the dollar If blackrock want i buy btc then they must let it down i'll buy.