Topic: Moneyflow towards the Dollar (Read 709 times)

You are everything but objective. 1st of the 900+ Sanctions most were personal sanctions, a few were company based. PDVSA being a state company is of course not helping. Still they manage to buy Toyota forerunners by the shipload, have enough to spare on keeping the $ at a value kind of fixed towards the bolivar. That cost is deducted from social programs, medications and else.

https://www.volza.com/p/toyota/import/import-in-venezuela/

The data from Nvidia and even Intel and Amd can be neglected as indicators in the US.

And how much Oil does the US buy from Saudi Arabia? Oh, wait 4%!
How much oil does the US export...oh crickets!
Who is the top exporter of Gas while Gazprom in one foot in the grave?
Oh but you don't care about facts!


Oh yeah, the great Russia!
The marvelous Russia!
The overpowerfull Russia!
Children killer Russia!

I told you, go back to the history books, start with this:
https://en.wikipedia.org/wiki/Soviet%E2%80%93Afghan_War



Exactly!
There are smart persons who accept it like Japan and South Korea!
And there are stupid ones who prefer to beat women and rape children rather than wearing T-shirts!

But you have just shown the difference again between Brics countries which killed and abducted children to brainwash them and the US who respected the will of the people instead of dropping a nuke on them as you suggested!
So who is better now, South Korea and Japan who accepted it or the free people of Afghanistan?


Fuck shit, I send you an article of the Vietnam's highest military welcoming a US carrier in their ports with all honors and you give me the opinion of a guy writing a book! Are you for real??


Here is my all-time favorite topic:
In what currency other than the USD you know the price of Bitcoin by heart?

Call me when the BRICS currency will have one-quarter of the now zero votes!

And of course, you can do your own changes even here, for example, have a petition so that the biggest topic here, the WO thread uses yuans instead of dollars, do please make that request there, I need a good laugh every hour!

Accept reality, even on this forum everyone uses dollars, nobody cares about shitcoins!!!!
Choke on some Freedom! 

That leaves the middle ground as perfect scenario.
Do you really believe that the US is the only country which suffers under Social media?
The world is build as a copy of the American System. The last time resistance flared up was the 2nd WW.
 

I am an objective person, so I can accept that Nvidia and even Intel and Amd are giant technology companies that are positive indicators for the US, but we know that when the US and the West imposed sanctions on Russia, they had to withdraw their sanctions on Venezuela. Also, I would like to add that until a few years ago they were leveling a lot of accusations against Maduro and putting a price on his head. I hope they don't sanction the Saudis because Iran will never sell them oil. :)))




If the US destroyed the Taliban in 4 days, why did it stay there for 20 years instead of leaving on the 5th day? If bombing a city gave the best result to the invading side, Russia would have ended this war in 1 day. Russia has nuclear missiles with Super Sonic warheads.

The US invaded Afghanistan and tried to make Afghan children wear American T-shirts in Afghanistan. According to the US plans, it would be the Afghan children wearing American T-shirts who would cause unrest between India, China and Russia, but the Afghan children refused to wear American T-shirts even at the risk of dying. Therefore there was a planned retreat...




Former American soldier:


I tried to be as polite to you as possible, but you were as rude as all the other examples of your kind I've encountered on the internet. Your dream of being a role model for the world is as invalid as your dream of being the world's gendarme.

I don't think the USD is losing relevance but just that some countries are trying to move away from using the USD as their reserves due to reasons best known to them while some countries are doing so due to the fact that the United States have placed sanctions on some countries from trading with the United States dollars. United States of America becoming the world power was due to their influence in the world economy and even till date they still maintain the world leading nation in economy according to the Forbes and even China that is rising very fast in their economy is no where close to USA.
            Talking about United States mingling in the affairs of other countries that is basically because they are the world power and have the liberty to interfere in the affairs of other nations because those are some of the things that makes them superior to others. The United States dollars will continue to gain relevance in the international trade exchange market no matter how many countries decides to dump the dollars as their reserve currency but if any other currency will overcome the dollars they must first of all surpass the United States of America in terms of their economy and for now there's no country. As days goes by that's how the US is increasing in their intelligence and technology and these are the reasons why their economy keeps blooming.

Asumtion with no basis.
Besides, Apple sells more iPhones and Nvidia more video cards a year than all the oil sold by Saudi Arabia so...


The US has a debt in dollars. China has a debt in dollars! See the problem?
Besides, in relevance to GDP, the US has a way lower debt than China, because China fakes its inner government debt when talking about it:
https://asia.nikkei.com/Spotlight/Caixin/China-s-debt-to-GDP-ratio-climbs-to-record-287.8-in-2023


Oh yeah, so why is inflation going down? And why is inflation higher in Brics Countries?


The US retreated from Afghanistan as it was anestablished plan 7 years before.
The retreat was planned from 2011:
https://www.nytimes.com/2011/06/23/world/asia/23prexy.html
The US trashed the Taliban in 4 days and destroyed Saddam in 28 days, Russia can't move faster than a snail in Ukraine!
The only ones that fled Afghanistan were the USSR!


I have some news from you:
https://www.voanews.com/a/us-aircraft-carrier-arrives-in-vietnam-/7151970.html
https://www.army.mil/article/275612/us_and_philippine_armies_pursue_joint_force_communications
https://ipdefenseforum.com/2024/05/indonesian-u-s-military-leaders-deepen-security-cooperation/

But if you only regurgitate RT propaganda, well, who's to blame!


When your argument is that The US fled its colony in Afghanistan....what am I supposed to do?
Go read a history book and come back when I call you! It might take a while!

you don't use logic at all.
In logic happens when emotions drop off.
Your definition of the petro dollar is way off:

Source:  https://www.investopedia.com/terms/p/petrodollars.asp


People and institutions investing in the US are not visiting bitcointalk.org. Their sons maybe.
Still they are from a different legue.  

Trying to shift the meaning by evaluating a part of the message instead of evaluating the whole message is the kind of thing sophists would do. 2500 years ago when the sophists took over the streets of Athens in numbers they brought out Socrates (Sophists have also contributed to human history)...

You chose to use sarcasm in response to my arguments because you know best that you cannot win if you don't take the discussion into a personal space...


1- All countries in the world stocked dollars in their central banks for a while because the dollar was indexed to gold. When the dollar and gold index broke, the petro-dollar system came into play, but today the petro-dollar system is also collapsing. In other words, central banks will not stockpile dollars, meaning that the dollar in circulation will increase, meaning that real inflation data for the US dollar will start to emerge.

2- The US has the highest foreign debt in the world. Read point 1 again. If nobody has to hoard their money in the central bank, the US will have to print more dollars to pay its foreign debt. That's when real inflation data will start to emerge for the US.

3- The US military is no longer the world's policeman. They fled Afghanistan. They cannot feed the PKK terrorist organization in Syria. They are getting unsuccessful results all over the world.

I am using logical arguments instead of getting into a personal debate with you and I hope you will do the same because I am not a fixed-minded person. If you give me logical rational arguments, I may change my mind.


In conclusion, I would like to add that if I had such a coin in front of me, I would never invest in it... Thank you and I wish you a good day...

So what you say is the USD is basically trashing every single BRICS currency right now but things will change because...you hate the USD!
Got it!


Can you tell me the favorite book of Aachenosaurus and the favorite tv show of Bambiraptor? Hint it's not Bambi!


Yeah, you're forgetting one thing again.
The Saudi riyal is pegged to the USD! So trading in riyal is the same as trading in USD!


Fleeing its colonies? Seriously, what the fuck are you smoking?
Afghanistan was a colony, did they conquer that from the USSR or what?  
Bruh, the US returned control of the Panama Canal in 1979!!!! And you talk to be about colonies!


Exactly 60 000 Chinese citizens cross the world and then try to sneak in via the worst region in the world in terms of survival because...Hollywood!
https://www.csmonitor.com/USA/2024/0521/chinese-migrants-why-border-crossing

And you say you're not biased!!!!! Not even an ounce!

- The US has the highest foreign debt.
- All countries worldwide hoard gold in their central banks instead of dollars.
- The petrodollar system is also giving way to the Yuan market in China.

Today it looks like you have good statistics, but in the near future nobody will have to hoard dollars and when the US prints more dollars to pay its foreign debt the statistics will show us what the truth is.





I did not sit and drink tea with dinosaurs, but I know a lot about them. Anyway, I don't want to undermine the subject. First of all, I want to say that I am not an anti-American or a super-American and I think I have an objective assessment. I will summarize it for you one more time and at the end I will pose a question to you.

- After the collapse of the Bretton Woods system, the petro-dollar system is coming to an end. Example: MBS (https://metalsedge.com/the-prince-of-saudi-arabia-decides-not-to-renew-the-petrodollar-agreement/).

- The US is fleeing from its colonial territories. Example: Afghanistan (https://en.wikipedia.org/wiki/2020%E2%80%932021_U.S._troop_withdrawal_from_Afghanistan).

- The US is still a center of attraction thanks to the Hollywood effect, so it has brain drain, but the rising fascist movements with Trump's populist policies may end this potential.

Now I would like to ask you, if there was a coin with a fundamental analysis like this, would you buy it?

Not really. For example China's import and export value to ASEAN is higher than their import and export to both USA and EU.
http://english.customs.gov.cn/Statics/33c8365f-2900-47ef-b09e-340fded9f156.html

Or Brazil's exports to China is about 3 times higher than their exports to US (51% of their exports is to Asia, 30% to America, 16% to Europe).
https://id.tradingeconomics.com/brazil/exports-by-country,exports-by-country

With the World Order changing, and with the establishment of multiple economic blocs and "cooperation" like BRICS, SCO, ASEAN, etc. there is a lot of emerging economies and this situation is going to change a lot more. In 5 to 10 years we could see the numbers above shift significantly. For example trades with ASEAN could be 10 times higher compared to trade with US and EU.

P.S. If Trump wins and starts his radical "Tariff War" this will change quickly and the "buyer base" you are talking about will be cut off from the world economy.

There you are wrong.
My thinking has little impact on what the Thread is about.
Money flows into the US. That is a Statistic and is measured, counted if you will.
There is no artificial enhancement in place. 

The dollar is used by 11 countries. The US has the strongest buyer community there is, followed by the EU, that is the reason why so many people wish to sell their good there. BRICS is without buyer base if they'd try to exclude EU / USA buyers. 

Economy has everything to do with military strength or weakness and I already explained why with reference.

Those troops also don't run on hot air or empty words like some capital is coming to America because interest rate is high and they want short lived profit. Specially for such an unreasonably expensive military.

---

You think keeping the US dollar artificially strong is a good thing but it is quite the opposite. It is the worst thing US government could have done. To put simply and keep it short, it is the reason why US has such a gigantic trade deficit that gets bigger every day that interest rates remain high.

Otherwise attracting money because you pay high interest rates is nothing to be proud of because the government is now printing a trillion dollar every 100 days to pay that interest.

Ridiculous the argument is.
The economy has little to do with military might. Those forces don't just order when employed, they use their material first.

From the article https://archive.is/zg0XG  so we can get into the money flow into the US phenomenon:

Investors of that magnitud are all for safety, likely the people who have money prefer their part in the US.
The US mobs up more investment so the article goes. Despite BRICS.

The biggest difference is that I can shop almost anywhere with a $. BRICS is miles away to bind in their own people.

 

Meanwhile in Iran:
https://www.middleeasteye.net/news/iran-warship-sinks-days-after-capsizing


Their newest frigate capsized then when they tried to tow it they managed to sunk it for good.
Funny enough, it carried the same name as the frigate that was destroyed in the shortest marine war of all time when the US navy annihilated half of Iran navy in an hour!

But yeah, America bad!

Why was your beloved president flying an American helicopter from the 50's? 

Exactly. United States of America has a lot of advantages, it is a vast nation with a lot of resources and a big economy. One of the biggest problems is that the US regime has created a lot of expenses, useless expenses, that they can not cover. So they had to turn their economy into a Ponzi scheme to cover all those costs; which is the disadvantage.

Look at the most recent news from Africa for example. They were kicked out of Niger and yet they don't want to go back home (cut the extra expenses). Instead they want to spend billions of dollar to create new bases elsewhere and stay there in Côte d'Ivoire (Ivory coast) and Benin! Billions of dollars they don't have. An additional expense for an economy that can not even cover the existing expenses for a nation that is up to its neck in debt.

I don't think the problem is these two idiots the 350 million Americans are being forced to choose between. The problem is the whole system that is corrupt and broken which doesn't even allow someone who is capable of change to enter the system and climb the political ladder.
So they'll keep going down this path until dissolution.

Funny thing is that the solution is simple as well: stop the war against the rest of the world!

What's even funnier is that US military can not go to any serious wars anymore because of how messed up US economy is!
I was just listening to the former chief of staff to United States Secretary of State col. Wilkerson describe how that is impossible. They'll simply run out of all ammunition in a very short time and won't be able to produce any more because almost everything they have or their components are manufactured elsewhere. For example the electronics (chips and stuff) they need in a precision strike missiles is manufactured in places like China and Taiwan and in any war that supply chain will be cut off completely LOL

They won't be able to manufacture these things domestically either because to build factories and production lines and to train people who can manufacture these things takes a lot of time and worse of all the final product is going to cost a shitton of money.
What are they going to do, end up with a simple air-to-air missile that costs $100 million each?
Things they manufacture with imported cheap components are already ultra expensive like the useless SM2 to SM6 ABMs garbage Lockheed Martin produces for the Department of Defense that cost between $2 to $6 million each and are incapable of intercepting the cheap-ass BMs launched at them on a daily basis in the Red Sea each worth barely a grand!

Roosevelt? And how charismatic was Roosevelt? 
How many interviews with him have you seen, like for real?
Kennedy?  Carter? Reagan? Clinton?


Weird, if the dollar is tweaking why is it gaining against every single damn BRICS currency then?
Do I have to post this every single reply ?
https://bitcointalksearch.org/topic/m.64246711

When I try to make an objective observation, I think the US has some advantages and disadvantages.

They still get brain drain from all over the world. If they don't surrender America to the anti-immigration policies of the republicans and if they manage to have a truly democratic identity, their potential can extend their life for a few more centuries...

On the other hand, they are running for president with two candidates, one crazy and one senile. They haven't had a charismatic leader since Roosevelt. For me this is the biggest proof that they are in decline. Also, their fleeing from Afghanistan and their decreasing support for the terrorist organization PKK in Syria is also an important proof for me. Their influence in the world is weakening. So the dollar - which is purely fiat money - will also weaken...

The 24 hour trading brings even more pressure on.


https://archive.is/rma35

Money people like to spread, Europe is under pressure due to the war.
Parts of European, Asian money ends up in those stock trades mentioned in the article.

There is no black and white in any parts of the any society. Bipolar views are hardly ever accurate.

One third of all Investments end up in the US, more than 13 years ago when BRIC was born,

I suggest you read the Bloomberg Article on money-flow first and how a 3rd ended up in the US, https://archive.is/zg0XG

Outrageous claims need some proof
So, to what currency is the USD losing power you can see in my previous message:


it is absolutely raping every other currency on the market, especially those of Brics!
But if you're so sure everyone is dropping the USD, why not take part in my experiment:

In what currency other than the USD you know the price of Bitcoin by heart?

Oh, btw, the result is that nobody knows the price of BTC in anything else than USD, some even don't know it by heart in their local currency!

If you follow the money you'd realize that's not true at all.

Money goes into hard assets like gold for security not another country. Specially at this time when the global tensions are rising and it's everyone for themselves.
Money goes into US for profit and profit only.

Interestingly enough the majority of the money that flew into US came from Europe (about 70% of it). The same Europe that started going through deindustrialization thanks to the war between US and Russia in the past 2+ years. More interesting is that it got even faster after US blew up the Nord Stream pipeline.
You may like to know that according to US department of commerce official data the largest increase of "foreign direct investment" came from Germany (the main beneficiary of Nord Stream) and UK.

All exactly for profit... the same money went elsewhere for profit as well... India and China

You don't get it do you?
The world's money, 30% flows into the US, a failed state if one listens to you.I don't live there, nor do I wish to do so.   
What drives your US dislikes, or the dislike towards its system.

Capital rides into the US even with troublesome mechanisms like CDO and CMOs as parts of the economic engine. The US Economy is built upon credit. That moves the economy.  Money flows into the US due to safety concerns, due to their fund being secured, a safer bet as BRICS so to say.  If China is so good capital, it would go there. 

It won't last long, US being the engine of the world would not last long, the US dollar is already losing its relevance. Other country are beginning to abandon it as their currency of exchange. Without the US mingling in the affair of other countries and having a leverage, they would not have being the world power by now. Money doesn't flow towards the dollars technically but it flow towards the dominant currency which currently it's the US dollars but as I said it wouldn't last long. The US dollars is becoming a joke and so is their economy, the dollar isn't the strongest currency anymore as other currency are having more strength than the dollars but because the US is still the dominating country that's what is giving the dollar relevance.

China is on the path of overtaking the US as world power and by then the money flow will be towards the Chinese Yuan. China's economy is predicted to be the largest economy in world by 2050 because of the rate at which the economy is growing. When that happens, the dollars won't stand a chance to compete against the Chinese Yuan.

I think that grip you're talking about is probably going to last much longer, pretty sure that an economic collapse wouldn't mean that US would suddenly lose it's capability to influence using it's fiat and I don't believe that's ever going to be the case and it would be really difficult for a country that has their currency being used as a global currency to be going down and then suddenly losing their influence, that collapse isn't going to be happening in a decade, it's a really slow process that's going to get slower because the US are taking measures in slowing that collapse even just a little.

Do you have a data that supports the population growth of US is slowing because with all the stories of illegal immigration and asylum seekers due to wars, I think that population of US isn't going down anytime soon not to mention that they're not really the kind of country like China that controls their population and are now facing the consequences of their action.

America's grip on the world could surely last a couple more decades for sure. We could see it remaining the same op economy and the dollar as the top currency however it's also imported to consider that there is something interesting about this dynamic.

The us population growth has been slowing and likely within a few years will be below replacement rate. At the same time wage purchasing power is dropping and the poor in America are becoming poorer. Unless there is a significant change in how things work then I think other world powers are going to surpass the empire America has been trying to build. my prediction is that inequality will be it's downfall.

if you read the main press not only those.
Many people believe war is an adventure. Like a video game, remember the volunteers in Ukraine?

Dedollarisation is not something that happens over night. It is a long process and that process has already started.

Only psychopaths and arms dealers like a war!

Not any more, 2 $ pay for a coffee in a coffee shop. On street level its $0.5.
The way the legal investment is done only makes people turn towards the illegal investment.
Who wishes to appear in front of "law" Enforcement and declare that you are an investor?

Even the legal investment is full with inconsistencies.  


Also a fabric you can't just build a canon. You need weapon-graded metals, The tooling to form weapon grade metals is not easy to come by. 

But the entire economy status of Venezuela is what investors pushing them away aside from legal constraints. While you can live like a king there if your money is in dollars and you won't be spending bolivares or you want to convert it there, you'll be holding piles of cash for every coffee you will buy outside. I think that they're trying to rebuild their economy and have slashed a lot of zeroes to their money and the impact of it, I don't know. Maybe with better policies, government regime, they might be able to lessen that impact of hyperinflation in their country.

In terms of investment Venezuela is flooded with the adventurous investor type.
Even so its not easy made legal they buy entire apartment blocks, houses, urbanizations and much more. All over middlemen

I see, if they've got more experience doing that with Russia then they might just wait until they won't need to produce for themselves anymore but for the sales that they might do. Other than that, there might be some other manufacturers that they're going to ask for it or they will be offered to. Knowing that it is going to be Saudi Arabia, they'll surely want to do business with them. They prolly don't need to find one but the manufacturers are the ones that are going to get close to them and do business whatever they are in need of and lack of. Anyway, there's so much things that are happening globally, only the rich are the ones that are looking to expand and do a lot on their country because they've got a lot of funds.

You got a point. I wasn't even aware.


Weapon system is not that you ditch your Chrysler and buy a Toyota. There is tooling, replacement parts, ammunition sizes, stocked and needed.
I think Saudi Arabia and much of the east had their experience with Russian weaponry. Going Chinese?
So far only a few countries were allowed to buy. One is Venezuela. (No money for medicines, but weaponry?)  

https://chinapower.csis.org/china-global-arms-trade/  

BRICS is indeed a political instrument. No question about that. That's the design. However, it might not matter much whether it is supported by capital investors or not. If you take a look at the member countries of BRICS, you can easily notice how there's a strong presence of authoritarianism in their states. If you talk of investments, the organization could bring in much money not coming from private companies or investors but from the states themselves. China could entice a country to join BRICS not necessarily because it brings with it a big body of private investors but because it can itself shower the country with grants and projects.

But, yeah, countries are trapped not because they are forced to be in that situation but because they willingly and selfishly sell their nations. Mine included.

They might or they will source it out from other manufacturers that will allow them to pay in whatever currency they want to. But I guess since their alliance with BRICS is at hand and has been vulgar, are they going to purchase it from any of those participating countries that are also into arms manufacturing?

Aside from that, they're also known as suppliers and have one of the biggest shares globally. If my research is right, it's about 16% or so as per the global share that they're doing for the entire world. That's a lot of share coming from them.

Good, now please do the graph for the BRICS countries, the yuan, the ruble, the rupee, the rand and the real.
To save you some pain, the ruble went through redenominations in the last decades so  we need to add some extra 3 zeros to that.

So let's see the last 10 years:
BRL to USD Chart -59.55% (10Y)
https://www.xe.com/currencycharts/?from=BRL&to=USD&view=10Y
INR to USD Chart -27.99% (10Y)
RUB to USD Chart -62.17% (10Y)
CNY to USD Chart -14.29% (10Y)
ZAR to USD Chart -40.74% (10Y)

Much Brics currency, much devaluation, such garbage currency, wow!


17 million green cards rejected in 2023 alone might be one of the reasons!

I didn't say that either.
The world won't dedollarize in the next 50 Years.
Maybe a ww3 makes a global dedollarisation happen, but most likely the Dollar Enemigos would not like that. 

I think more country will use the dollar as a national currency, now there are 11.
Only 2 use Bitcoin, and bitcoin is pretty unsuitable as it is.

Litecoin is much better for fast and inexpensive transfers. But that is a different matter. 

Considering how almost all the weapons Saudi family buys is from US, it is not much of a bet to say they pay in dollar
Besides this family has been ordered to invest all the money they had in United States all these years, which means all their money that is in dollar is also tied up in the US.

That still doesn't mean they aren't joining the global dedollarisation movement though...

A lot of anti US feeling here.
It's so strong that people see conspiracy around every corner.
To create a virus who then is declared Pandemic by an ineffective acting World organism is not so easily predictable, but for conspiracy artists making the US an all powerful extraterrestrial body that is no issue.

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.
[/quote]

I also suspect that COVID-19 is allegedly a deliberate program to generate profitable insecurity globally and that the United States has a big role to play in dealing with its effects. and also America's fear of the growth of other countries' profits which could implicitly shift its position, giving rise to a global profit conflict that would be detrimental to other countries. In these conditions, it appears that the US and other countries face complex dynamics of global advantage, as the saying goes "Where there is strength, there is resistance." This shows that profitable global competition often involves fundamentals of power and conflict. In my country, Indonesia, even though it is not directly involved in the global debate as has been discussed, Indonesia is also feeling the beneficial impact of global events, including the COVID-19 epidemic. Indonesia as a developing country has its own challenges in maintaining profitable stability and competing in global demands without ignoring concern for the welfare of its people. In dealing with the flow of money towards the dollar, Indonesia needs to strengthen the domestic economy, increase competitiveness and maintain national economic balance without being too affected by external dynamics that might affect the country's currency exchange rate.

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

You had to think of writing this now? I don't know, with the latest news, maybe it wasn't the best time:

Saudi Arabia's petro-dollar exit: A global finance paradigm shift

The long-term effect remains to be seen, but it will not exactly cause a flow towards the dollar, although it will remain the reserve currency for the time being.

Something about the USA and the US dollar you must know.

The USA government has biggest national debt according to World Debt Clock and USA Debt Clock.
https://www.usdebtclock.org/world-debt-clock.html
https://www.usdebtclock.org/

The US dollar loses its purchasing power a lot since many years.
Purchasing power of the U.S. Dollar over time

Brics is taken as a instrument like the Euro. But its not.
It becomes clearer that it is a political instrument not supported by capital investors.
After Covid the US drew more than a third of investments towards the US. Especially private investment which is the engine that makes our world economy run that nicely.  Even if you hate the US, the US is the engine of the world. There is no alternative.

One Alternative failed which was the dream of Simon Bolivar, a counterweight to the US:

https://www.historytools.org/stories/discovering-simon-bolivars-legacy-at-colombias-quinta-de-bolivar-museum

The Bloomberg Article on money-flow and how a 3rd ended up in the US, https://archive.is/zg0XG gives:


Money-flow is interesting, It shows where the capital feels safe. Remember the US is the world economic engine.

Countries get abused, but it is mostly the local politicians who sell out the collective national interest.