Topic: Moneyflow towards the Dollar - page 3. (Read 704 times)

I bet the Saudis pay in $ when in need for weapons.
9% of the US Oil comes from Saudi Arabia.

Let us see how the effect will come since Saudi Arabia has dropped their grip on the US dollar. They're about to join BRICS or did they already? The effect of it won't be in an instant but a change is probably coming within a few years from now. But I think that the USA won't just allow this BRICS to emerge as you've said OP, they're the engine of this world and they're believing that there's no way that another alliance or country should kick them out from their post. I'm in no side of them, it's just interesting to see how these world powers are reacting to each other's move.

Currently, confidence and stability are pointing in that direction because investors choose to buy safe assets whose attractiveness is increasingly influencing the system, such as the US dollar, with current global uncertainty with inflation and high interest rates which can trigger quite significant changes.

Money flows towards trust and stability. Decade after decade America has proven that they, regardless of the sometimes zany politics that goes on, have the ability to generate new sources of wealth. It has just the right balance of education, legal system, taxation, policing and infrastructure to support continued innovation. People are not subject to random persecution on a large scale and generally left to get on with their lives as any normal country should do. The rich can definitely probe and poke at loopholes in the laws, because they can afford vast teams of lawyers, but are generally susceptible to the same laws because the juries or judges are less corruptible than other jurisdictions. This is why the dollar continues to thrive.

Imagine your president has a bunch of friends from early school days, they whisper in his ear to do xxxxx reform which backfire.
Close to backfiring the president had lunch with the richest guys of your country.

So who will get the blame? 

It is not rational but it is normal.
It's the result of illusions shattering, lies being revealed and propaganda failing. People always act this way when any of these things happen. For example for decades they talked about "human rights" and then do this to their own people, support a terrorist organization that is committing genocide, etc. and all that illusion breaks so people act like this and start "hating" America.
It's the same situation in economy too. More people in the world are starting to realize how US dollar has been affecting their economy! (eg. US creates inflation and exports it to their countries) hence this irrational behavior.

I disagree about referring to America being the "best of the worst".

What you are forgetting is that US hegemony truly started after WW2 because [north] America was the least affected place on earth that hadn't lost any infrastructure while the rest of the world was destroyed. That meant US wasn't one of the options, it was the only option and it was the only winner of WW2 as well.

That gave US the edge they needed to dominate the world. They abused that as much as they could after WW2 and more after Cold War with USSR. Some of that abuse is by scamming the world using the Bretton Woods system and then with the Petrodollar system, some of it is with controlling every single international organization like UN, IMF, etc. and making them American organizations fulfilling US regime's interests hurting the rest of the world even the US allies!

This kind of "empire" is not going to fall overnight. It takes years. This is why despite dedollarisation and deamericanisation, the weakening of USD and the US hegemony may still not be palpable for some people.

I wanted to make a brief statement for myself, I don't think hating America is a rational reflex. Hate or love are reactions that derive their power from irrational phenomena. I tried to make a rational conclusion based on scientific data reflected in statistics and current developments. It is an indisputable fact that American hegemony is weakening. Anyone who claims otherwise can use the scientific data reflected in statistics and current developments as an answer. Apart from that, America is one of the cleanest dirty laundry in the dirty laundry basket. That's why, even though the US dollar is weakening, it continues to roam around like a zombie or like a ghost...

Whether Private Sector or not. I always try to make people understand that politics is inseparable with economy and things like the private sector. This is because most businesses that are thriving today are own by the politicians and they truly control the world today. I take the African richest men in the Forbes list for example then relate them with how politics have made them go to the top they are today. To add to this, is to also mention that the dollars remaining one of the most valued and successful fiat currency across the world is true the influence of the government and politics. This is why it is very okay to mention words like 'Business Politics'. Business there's serious politics going on in the private sector right now.

Far too small and those players are not comparable to FIAT.
Mostly created for money gains of founders.

Watching the Investment scene give you insight into the trust private investment has, that counterbalances the Mainstream Clickbait headlines and articles.
You can see that on Twitter which should be broke, according to the main press like BBC. Reality is different though.

It's interesting to see an increasing number of people talk about "hating the US". It's as if they've realized the nature of the US regime that they are starting to hate it themselves

In any case when it comes to the dollar, what such people forget is that it's just a tool and as a tool it had its advantages and disadvantages. At some point it becomes more convenient to use another tool because the disadvantages of the dollar outweigh its advantages and the new tool is the opposite.
It's just that simple.

Let me translate that into a Bitcoin related situation.
Centralized exchanges are a tool. They have loads of disadvantages to use (eg. they get hacked all the time, they change rules and shut down your account, they ask for KYC then sell your documents on dark web, etc.) but people use them as long as there is no alternative. Not because they like CEX and not because CEX is good.
The moment an alternative is introduced, they'll make that switch. Like for example when a good DEX like Bisq grows. They don't switch to it because they "hated" CEX but because it had its disadvantages and they didn't want to endure anymore.

It's the same with dollar. And "ditching the dollar" or dedollarisation is not something we speculate about. It's been happening for a couple of years now and will continue as the world reduces its reliance on the dollar.

LOL I love how these propaganda outlets desperately create false narratives
There has never been any anger toward dollar's dominance. If there is any it is toward US regime's policies that like a global "bully" dictates things to other countries that hurt their society.

You should watch the altcoin market, it gives very valuable life and economy lessons.

For example one thing you'll notice in the altcoin market is that whenever a completely useless shitcoin is being pumped, it attracts a lot of capital. The volume sometimes shoots up to the moon. That doesn't mean people felt safe in that useless shitcoin that led them to buying it. It just shows they saw a way to make some profit and they took that opportunity. They'll abandon that shitcoin (aka dump it) the moment that profit opportunity goes away (ie. interest rates come down)

its not my intention to give free lessons.


Headlines in general are often misleading. Clickbait tech.
More and more often and not limited to BRICS or the Dollar loosing its power. 

In all essence, both the headlines in favour of the BRICS and the US are often misleading headlines? Is that what you are implying?

 Or conceivably, you narrowing it to the BRICS headlines alone?

Sleepless? I doubt that.
Too many headlines tell of a dead dollar, reality shows a different picture.
Headlines are often misleading.

Throughout history, global reserve currencies have shifted along the axis of power centers. We know that America's hegemony over the world is weakening. They fled Afghanistan. They could not prepare a legitimate ground for the YPG and PKK in Syria. They are losing their status as a global power. The only place they are active is in the Hollywood-based movie industry. When everything is so clear, I think it is not right to believe that the dollar can still remain strong. BRICS or something else will break this hegemony. This could be a new multi-stakeholder and multi-center system, and BRICS and Bitcoin could be one of the stakeholders of this new system...

whether those who are in stand with the US $  against the BRICS corporation in opposition to dollarization agrees or disagrees with any significant level of effect and potential effects the corporation has had on the dollar in the past one year, the truth remains that the BRICS agenda has made the US sleepless with their economic hold on the global South now under threat. Let no pretend that the BRICS is not is metamorphosing into a large bloc as time flips. Which is why who ever believes that the BRICS could ditch the dollar is not wrong, logically.

You are not going to give me lessons on how capital works. Instead of indirectly alluding to what I say you could give an explicit answer, that's why we are in a forum, and explain why for you the "private sector" works in unison as you are implying.

That which you call "private sector" is a collection of individual actors acting for selfish motives, which sometimes coincide, and then seem to act as a whole, as when there is a panic in the markets and sell orders predominate.

You just need to read the comments about Saudi Arabia ditching the Dollar and you know who does.
There are plenty of writers here on bitcointalk who believe that ditching the dollar will be done by BRICS. Not realizing that the private sector is the one who rules capital flows. 

Who is taking BRICS "as an instrument, like the euro"? Everybody knows that BRICS is a political union.
The USA is gathering foreign capitals mostly because it has high interest rates, low energy prices, political stability and a skilled workforce.
However, I don't believe that the USA is the "economical engine" of the world. USA is more like the financial center of the world, while China is the industrial engine. I don't know if the USA is going to keep the position of a global financial center in the upcoming years and decades.
Simon Bolivar's dream has nothing to do with BRICS or the US domination over the globe. I don't know why do you have to mention Simon Bolivar and his dream about Gran Colombia.

To an extend, the COVID happened to be stipulated program to crumble the economy in a global factorization while the US as the world power had already made an hedge abscond the disasterous economy outbreak.
So obviously the US government intentionally launched that program after covering its economy systems up while other countries economy suffers COVID outcome with the crumbling of the economy.

I think it was as cause of the US feared about economy growths of some countries with the Influential approach to overtake them. That is as a global economy conflict which the US government resisted while other countries were victimized.

However, the US government should not feel so unwavery because the effects economy system of China and India is quite potential to outstand the US economy.
This US government with our without being watchful will be toppled because it is not an ordained that they would stay I power til infinity. This would be by revolution or evolution

BRICS alliance has been a toothless bulldog because they have not been able to implement most of their resolutions. We have seen them come up with different resolutions in their summits but they have not been able to unite and achieve them. It seems that each member nation has its reason for joining the alliance. Until they come up with a single purpose and back it up with actions, they continue to be a paperweight.


The trade-in dollars between the US and Saudi Arabia is just 0.7% of the $16 trillion global trade-in dollars. So Saudi ditching of the petrodollar deal might look insignificant.  However we see it, one thing is clear the US has lost a worthy business deal that made the dollars influential in the Middle East. The dollar remains the dominant currency until there is strong competition maybe from the BRICs alliance.

https://www.quora.com/What-is-the-implication-of-Saudi-Arabia-refusing-to-renew-the-petrodollar-agreement