Topic: USA plan to protect dollar and reborn of new dollar (Read 205 times)

You should read history of Europe. Do you think the European Union existed forever and they were all living in peace and in economic relations? They were at each others throats and each year there was an actual armed conflict not just some competition. To this day many of them don't like each other and will probably get into new wars in the near future as the Union falls apart.
But none of it stopped the formation of the EU.

In other words your reasons for BRICS have no merit.

Those rumors are born out of hope.
For 2 decades the BRIC nations dream of dethroning the $ and that $ becomes stronger everytime BRICS is mentioned.
Originally formed in 2001 and given the acronym "BRIC" to represent its constituent members,
https://www.goldmansachs.com/our-firm/history/moments/2001-brics


Now even the US is taking notes: https://archive.ph/pTPUp
Original: https://www.bloomberg.com/news/articles/2024-09-22/us-worries-deepen-as-adversaries-team-up-to-challenge-dominance

That is the price of being nice. Every time the US tries to play nice they loose respect.
The UN does not like ball players.

It will also depends how other nations see the influence of Tether and other Stablecoins in the international markets and whether they decide to act on it or not in time.
in the case of the BRICS, they are alledgedly already working on a digital currency which could become the rival of the United States dollar in the international markets, Though it is unlikely it will become as popular as the USDT in the end.

Also, before talking about those Stablecoins turning into the new USD, you must be aware those are privately issued coins and their minting does not have anything to do with the federal reserve or the United States. The only influence (for now) the government has over those stablecoins is a direct collaboration with the private issuers of the coins, in order to curb cyber criminals to run away with the bulk of the money they could have gotten thanks to ransomware or computer viruses.

Anyways, there is still a long path ahead before we have say the USD was born again and it is stronger than ever. Those days have not come.

I think that's Donald Trump's idea. He's talked a few times about using cryptocurrencies to restore the power of the dollar, using stablecoins. In his speeches, at different times, Trump talks about restoring the power of the dollar and how some of the "restrictions" on China and Russia are having the opposite effect, accentuating the decline in the use of the dollar.

But when you look at the reality today, I don't think that's the reality or the plan. And I don't think that's part of BlackRock's plan. To me, BlackRock is really looking at Bitcoin as a reserve and an alternative to the devaluation of the dollar.

The bric countries are so often referenced, like they are some sort of alliance, however they are actually in competition with each other and there is even military conflict between some of them like China and India. South Africa is also not the upcoming power that it was when the acronym was first dreamt up and Brazil doesn't have special allegiance to any of the others. China's economy is strong, but Russia's is probably weaker than ever right now - it never established much of a base beyond fossil fuel extraction, plus the Ukraine war has damaged it severely.

Lol, the current US administration is going against crypto or Bitcoin in general? so how that works? And even if let's say a supposedly pro crypto candidate like Trump win, I do not think that they will have crypto in the table to restart their US dollar.

I do not see Yuan or Rubbles or any other financial instrument challenging the US dollar in the world economy. I'm not defending them, but I do not think that they are threatened or at least by now. We all know that Russia or China have plans, but it's not going to work just saying. So US dollar will be strong and dominant as it is in the next decade or so.

While the U.S. is indeed making big moves in crypto space, it remains to be seen if they would take over the crypto space entirely. The push for stablecoins like USDC or USDT is part of the bigger strategy by big US players BlackRock and Circle for tying crypto to traditional finance. For example, BlackRock is pushing tokenization of the assets ranging from the US Treasuries: This allows individuals to trade in them in a more digitized format and, therefore, access it more easily.

This necessarily does not translate to full US control of the global crypto market, however. P2P cryptocurrencies, by their very nature, are decentralized, and while stablecoins may extend the reach of the United States, they nonetheless compete with independent cryptocurrencies such as Bitcoin, which remains the largest and most decentralized asset in the space. The unique position of Bitcoin, supplied limitedly and globally adopted, makes it very hard for any sole subject, including the US, to dominate the whole crypto ecosystem.

You might actually think that US assume too much power as it has to do with cryptocurrency and the world's economy but in reality, they are actually as influential as it seem. Anything that happens in the US have direct effect on the crypto market, have you thought about why it is so? I have also be wondering so and it can only mean that they still control a significant aspect of cryptocurrency. The mere mention of the word "SEC" will send shivers down the spine of any crypto project irrespective of how decentralized they claim to be. So I don't believe that US only boasts but they are actually influential. Meanwhile I'm not American but I still understand how these things works.

You don't need to worry about how the USA is run, because it certainly does not care for your opinions. This country produces the "reserve currency" of the world and has successfully leveraged that powerful responsibility to grow influence around the world. For all it's faults, it is still one of the most innovative and productive societies that the world has ever seen. As other countries like China and the EU get stronger some of it's power has eroded, but every empire has fallen eventually to another. At present it doesn't seem under particular risk of losing the reserve currency crown, because China is much less trusted not to abuse it and the EU is still in many ways fragmented - although there could be dilution with multiple reserve currencies.

Do BRICS nations have a common currency? There were rumours of them floating the currency, but it has not materialised. The crypto space is free and decentralized, the US cannot have a monopoly. Other countries have equal opportunity to buy Bitcoin and other cryptos. I don't know where you got the information that oil is outdated. Stablecoin is just fiat in crypto form, so they have no place in the future of the decentralized cryptocurrency industry.The end of the use of Crude is not even in sight. De-dollarization. Smart people are everywhere not only in the US, so expect other nations to grow in influence.

It's great as a conspiracy theory! Also I wont disagree to the fact that US is trying to gain control over a large supply if cryptos by various means. But that doesn't mean that US is going to rule the currency war for the coming decades.

The only way US can make it happen is - via war! They can wage war against any mineral rich country (It's time for Africa). This time, the war will happen for two resources - Water and Lithium. Once they gain control over these resources, they will sell it only against dollars. That's what they can do!

Tokenization is not the answer to every economic problem. It just makes the market more liquid and opens a can of worms. It gives more power to the big fund houses and to the government who wants to control everything.

But the world actually needs a balance in power. One powerful country is not a solution. Rather multiple powerful countries can bring balance into the game where unjustified things are rejected straight away.

Alright, conspiratorial hats on, but let us stay grounded. The US pushing USDC and USDT? There is indeed a power play there. But it's not about "taking over" crypto. Fundamentally, cryptocurrency against that. It's about influence, crafting the story, maybe stifling competitors. Tokensizing everything? Forests on the blockchain? We should stop at this point. Tokenizing has promise, but Wall Street won't soon be owning the Amazon rainforest

The US boasts clout. They are not, however, puppet masters dragging the threads of the whole crypto universe. That is giving them excessive credit. Bitcoin has changed everything. Decentralized and resistant to censorship. Not even the US, no government can really control it

BTC was legal in the US, and they won't ban it. In fact, they're trying to regain control over btc instead of doing a ban on it. Although theoretically, it's possible for them to do so.

The approval of BTC ETF has opened the door for them to regain control over bitcoin economically.

This is what i have seen when i was seeing how Bitcoin price is always following the movement of US stocks. The growth doesn't seem organic and it's too dependent on the US stock market now.

Another weird topic without value that nonchalantly mentions two of the most centralized shitcoins USDC and USDT!!! And the OP text layout and sentences are similar to the previous ones from different members
Lets give this one the benefit of the doubt as well.

Wait right there.
You have to first explain what you mean by "cryptocurrency" and how US regime is going to "control" it. You can't just throw that in as if it is an accepted assumption and then continue with your conclusion.

Start by explaining cryptocurrency.
Is it these centralized shitcoins like Tether? They can't control the world or revive the dollar with them.
Is it something else like CBDC? Again they can't do it with that either.
Is it bitcoin? Then how do you think they are going to gain control of this decentralized payment system?

Of course, you do bring up some very interesting points about the US strategy in the field of cryptocurrency. Sure, the United States sees much potential with cryptocurrency and blockchain technology for economic growth and sustaining global domination. It is tokenizing resources, such as land and forests, that might really change how all of us conduct business and invest.

On the other hand, as much as there is strong momentum for the use of digital currencies in the United States, one should also bear in mind that at the international level, it is equally complex and dynamic. Many countries and regions are heavily working on their own digital currencies and arrangements for regulation, which may result in changing roles and regulation of these cryptocurrencies across the globe.

Of course, the rise of cryptocurrencies and stablecoins such as USDC and USDT reflects the shift in monetary power. Yet, the rest of the world is important to observe, including how nations in the BRICS group are adapting and responding to these evolving circumstances.


Interesting points you bring up when it comes to Bitcoin and its relation with established systems of power. Indeed, Bitcoin represents something toward sovereignty, towards financial freedom. That is likely to threaten traditional flows of financial and power systems. The same aspect of voluntarism within Bitcoin is seen as a threat by the very people desiring an increased control over the financial and economic sectors.

It is important that Bitcoin disrupts events, but its future is likely to have a close relationship with innovation and regulation. Many governments and companies are struggling with how to take up cryptocurrencies like Bitcoin into their systems without affecting their core principles.

While the world struggles with the rise of cryptocurrencies-including both the United States and other countries-it is considered that the weighting between the advantages of blockchain technology and standards are equaled out against the need for verification. The developing regulatory framework will go a long way toward stating the future not only of cryptocurrencies but also their place in global finance.

How do you think Bitcoin can develop in this situation? What kind of a role do you think it is going to play within the greater financial system?

That's why they created the cryptocurrenciey.
But btc don't like them the br can shill it but one day they will ban the btc.
Why it's best to punish btc people is those who search for freedom and enquality and fair life, well that's against to current rulers plans btc would be best way to teach them lessons what happens who don't obey elite.

It make sense then USA don't care about who is strong or whos is not strong because they control the cryptocurrenciey so If you not comply with rules or do anything against usa then you better watch out because usa have control over crypto.
Smart move it's a "castling the king on chess game" very smart

USA is smart i can't understood how so smart people run this country.
Anyways USA want all the world use cryptocurrency and then USA control this.
Now we see why they want be involved into cryptocurrency so much.
So blackrock and other big guys of wall st pushing the tokenisation so every assets even forest and lands will be tradeble on wall street.
You can literally send in seconds fractions of forest into my cryptocurrency wallet.
So USA is pushing cryptocurrency adoption only becouse they can restart the power of dollar the USDC AND USDT.
Ofc, they want to control another cryptocurrencies aswell.
So BRICS can't really do nothing because If the world use cryptocurrency then only few will use brics currencies.
So more the usa pushing world into cryptocurrency more prosperous and wealth for USA Will come out of crypto.
So USA can be literally middlemen of all the wealth what's exchanged all over the world.
Since oil is done and gold is old the USA will take now cryptocurrency.
So soon all the world Will be Even more depended of USA so Even now the new stablecoin euri for binance it's run by xlm stellar and stellar is from USA Also.
So thanks to crypto there will be no de-dollarisation but it's the reborn again of powerful USA hegemony and power of usd Congrats!
What the smart people Are in USA they know how things need to get done.