Topic: The Dedollarisation is on the road - page 2. (Read 290 times)

it looks like:



This is the same thing that was tried a lot of times, it covered the news the same way and it didn't lead to anything because the major problem that the $ trade caused did not disappear when they started trading shitcoins. Why do some countries in the EU want their currency back? Because they want back the ability to devalue the currency, of printing money, of doing the same things that, well, they wouldn't be able to do with Bitcoin either for example.

If I want to sell one of my products I look at the price It cost me to manufacture add the profit margin, arrive at 100 units of it, change that to $, and ask you the amount in $, what would change if I were to directly ask you 97 pesos?
All this dedollarisation is a witchhunt started by the counties who see their economies in shamble because they can't prop their currency anymore, why do some still trade in $ when they are neighbors and they have their own depends on currencies and so on? Because they don't trust the other, that's why.

And who is going to trust:
- a common currency with one of the players being Inlfagentina or Defaultina?
- a common currency of two countries where you're not allowed to trade in other currencies, where your $ is automatically converted to ruble and the other is one experiencing a 50% inflation and a devaluation of its own currency of nearly 10x in five years?

Would you do business in this?


I find it really amusing, here we are on bitcointalk, and we are discussing on how some countries are planning to overthrow the $ by, creating their own shitcoins they can manipulate with ease! 
Out of pure curiosity, how would those plans go along with the rest of the world adopting Bitcoin as Salvador did?

There are facts such as the dollar will lose its dominance, but the problem lies in finding an alternative that represents the global monetary reserve currency. Most of the countries you are talking about such as China, Brazil, Saudi Arabia, Iran, Russia, Switzerland do not have attractive currencies to be an alternative to the dollar. It is true that countries will begin to diversify their reserves, but The dollar will remain attractive.


If the process has begun, it will be long, and the percentage of the dollar will decrease as reserves in central banks and individuals, but without a world war, we will not see much change.

It's not going to happen so easily and simply because the USA has the trump card.
1. China's debt is more than 250 percent of GDP, higher than the United States.
2. Europe defense relies on US
3. The USA is number one in almost every industry, including tech, medicine, engineering, etc. It has the best universities in the world, salaries here are the highest in the world ^(mostly).
4. USA is the top destination for immigration.

The world is highly dependent on America and they aren't blind to not see the changes. It may sound crazy but they don't invest that much money in military to just make show and no, I don't mean they'll actually wage a war against countries to not abandon USD but probably you'll understand what I mean.

I'm throwing out an idea.

I definitely believe the dollar is going to lose its dominance and we will soon see the Dedollarisation. It was something that might have seemed absurd 20 years ago, but in the last 5 or 10 years it has become a serious idea and even concrete since the process has already started.

Here is what has already been done in the last few years to replace the dollar
https://en.wikipedia.org/wiki/Dedollarisation#Regional_developments
That's a lot of things right? It's just for the last decade.


If we look at nowadays

- Russia and Iran want to create an altcoin based on gold to trade with each other.
- Brazil and Argentina want to create a common currency
- El Salvador has adopted Bitcoin as an alternative currency
- Iran is using crypto to avoid the US embargo
- Countries like China and Europe have developed CBDCs
- Russia has been buying gold on a large scale for the last 10-15 years, as have China and the other BRICS countries. At the same time, they have been dumping their US treasury bonds and reducing their dollar reserves.
- According to the World Gold Council, central bank gold purchases are at their highest level since 1967

Why? It's pretty well explained here by an economist, and it talks about digital currencies. Basically, they have no choice. Central banks turn to gold as losses mount


His conclusion seems correct to me


.



Gold, bitcoin, a CBDC or whatever, or a mix of everything, for sure the Dollar will be no more the leading currency and a lot of things will be different.
Now if we think about the USA, what will they do? Because don't think they will watch the story without trying to do something to stop it. That's a serious question I wonder. Wars or something else, not sure, but at the same time I'm thiking about the war in Ukraine and The USA 'too curious', China and Taiwan with the USA 'too curious' and so on...

As POTUS, no idea what I could do.