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Arguably the Internet was the final drop that won the US (sorry UK, Australia etc, but let's be honest ;) ) the language war. Before the internet French, German and Spanish had a certain hope for being the global language. Today those hopes are completely gone, and English has won a decisive victory.

I'm just now watching a video with Vorhees where he says that rough financial rules might mean that the US will lose the currency war?

https://www.youtube.com/watch?v=Fv0ETVEZil0

About min 24.

What do you think? Will the US win again, some other country, or wide dispersion?

No.

Mandarin is the most widely spoken language. Then Spanish. English is 3rd or 4th with Hindi - depending on what stats you read (that's including the butchered american version)  ;)

http://www.infoplease.com/ipa/A0775272.html

https://en.wikipedia.org/wiki/List_of_languages_by_number_of_native_speakers

French used to be the international language.  English took over, I am not a historian but I believe that when Europe committed suicide in WWI and WWII, the lead finaicnail reigns were handed over to the USA by default.  The USA kpet its dominant position for a while, but India and China are catching up fast (because USA committed econimic suicide, but lets not open that can of worms).  I think that whoever is the world business leader will naturally also be the nation whos language is adopted by many other nations.

USA already won the currency war: the dollar is the world reserve currency.  This goes back a while, and has to do with gold standards and other things.  No time to type it all out now, but there is plenty of good info on the net about this stuff.

It is strange, but the USA is just giving up its dominant position.  I guess it is a good ting for everyone else.

I guess there is no stopping China and India at the moment.. We are all handing them masses of cash and they are catching up to our standards at light speed.. They will do in 30 years what took us a hundred years..

I came here to say this. The USD is accepted worldwide, and even preferred in many areas with a weak local currency. As far as a centralized currencies go, USD is the clear dominant entity.

If USA borrows money and have problems paying back they just print more dollars and pay the debt. No other contry can do that so they might cheat their way to victory...

Yes, more people speak Chinese (Mandarin I guess you mean). We all know that - in fact, I speak Mandarin.

But are you seriously saying that Chinese is the main international language?

I think most govs will fail at some point if they keep printing money and economies keep failing. It's an unworkable system and something like bitcoin could make peoples money grow instead of loosing value over time like fiat does being inflationary.


Only because China has such a huge population. English is still the most widely spoken language throughout the world.

While Mandarin is spoken by the most people as a native language, English is most widely used worldwide. Mandarin is relatively concentrated, primarily spoken natively in East Asia. English on the otherhand, is spread out, primarily from the British empire's colonization. Even in places where the British didn't colonize, the rise of the Internet and the US has made English a prized second language. People in China are taught English as a second language while they are young. Go anywhere in the world and you will find almost everywhere people that have basic knowledge of English. While it is not the language with the most native speakers, English is very widespread. It is considered a Lingua Franca, a language used to make communication between persons not sharing a native language or dialect.[1] The word itself is based on French when French was used as a common language. English is typically used around the world between people as a go-to when they don't speak the same language. It is the primary language used internationally for business, politics, etc. Thus, it has in fact beat Mandarin in worldwide use, used as a second language for communication worldwide.

[1] https://en.wikipedia.org/wiki/Lingua_franca

Of course. I didn't think anyone would dispute the dominance of the english language these days. Like it or not - it is the way it is.

Eg also:

http://www.economist.com/news/business/21596538-growing-number-firms-worldwide-are-adopting-english-their-official-language-english

The pound dominated the world for about 100 years and was able to enjoy (with US help) a controlled descent from over $4 per pound sterling to $1.5 over a hundred years. 
The dollar has had a hundred years of global dominations status. This is not going to change now. We are waiting for bitcoin to make its move. It could be the next dollar of our times.

with an 18 trillion dolar national debt, the currency war is pretty crazy the debt keeps on growing and nothing cant stop it, the question is how much debt can the u.s population can support http://www.usdebtclock.org/

True, but as long as people accept dollar worldwide without hesitation, it will be the most accepted currency out there. That is the paradox: the underlying system is a ever growing debt based scam, yet it still somehow functions. For how long? only time can tell.

For centuries, dollar has been accepted throughout the world. It will be hard to replace since it has been widely recognized and people are used to it. Adjusting to new currency is easy but if ever a new currency reigns and gets widely recognized as the new worldwide currency, how will it happen?

Unless the OPEC decides not to use the US Dollar, the Americans are safe in this currency war. The petroleum trade is one of the major driving forces for the United States Dollar. Almost all of the oil trade is conducted using the USD, although countries such as Russia and China are attempting to use the local currencies recently.

Ransomer, how old are you? (not a sarcastic question).

The "language war" as you call it wasn't won by the first to create or bring life to the internet, it was won by the spread of business - American business and English business. English, the language, is referred to as the language of business and I therefore has grown into the the common language for people of different country's to adopt to connect with each other.

I wouldn't give the US credit for this as much as I'd give credit to the UK. The UK dominated business before the US did. The UK is in the proximity of more different languages than the US. It's not called American, it's called English, because it was created by the English and the US was first populated by the English.

The Dollar has become the current global standard for currency because of the success of the US economy over the last 50 years. I wouldn't guarantee that it will continue for another 50 years. A lot of people think China will become the next standard for currency. A lot of that has to do with stability and volume of economy.

Why do you think of it as a war?

That is because, right now the United States Dollar is the most stable currency in the world. The other currencies have been too volatile. For example, the Euro has lost more than 20% of its value in the past 12 months (and it is all set to drop even further, as the Greeks have voted NO). Other currencies have fared even worse, such as the Russian Ruble and the Norwegian Krone.

The US debt is actually at $17.4T. And in per capita terms, the US comes in third behind Japan and Ireland -> http://www.bloomberg.com/visual-data/best-and-worst/most-government-debt-per-person-countries

National Debt is not a US invention, so it's not fair to use this as a reason the Dollar shouldn't be the currency standard. Stability is the best reason.

http://www.nationaldebtclocks.org/

In business terms English did gain its dominance before the internet but it did help to enforce that standard.
That said in the future if China increases its sphere of business influence enough we might see some bilingualism in the business languages.
Basically whereever the most money piles up.

I actually believe the Spanish language (while not the most spoken) has a world wide distribution that rivals English. As for currency...the USD may dominate for now but it's days are numbered due to the US abusing it's power.

The U.S. came to power because it took advantage of the destruction left in Europe by WWII.  I predict that with WWIII the U.S. (while it may not suffer actual 'defeat') will lose it's global dominance to Asia due to the massive amount of debt it's citizens would get stuck with after the war.

SO why do some of you folks (including the OP) refer to it as a war?

My prediction is slightly different. After the Pinocchibitch becomes the POTUS in 2016, the United States will declare war against Iran (she has already promised that to the Jewish electorate). The Iraq invasion cost the Americans some $2 trillion. So my assumption is that the Iranian invasion will cost them some $20 trillion. This will destroy the American economy.

When it comes to language the ,Mandarin comes on the no1 position. Then Spanish and then English. But the USD is followed worldwide . China and India are coming at pace with the worth of dollars , but it will take time. Until then dollar reigns the territory.

No, i don't think that USA can win the currency war.

According to me euro is in far better position than US.
So, sorry Americans, you are gonna loose this time.

I meant if the US could 'control' (or exploit if you will)...the new blockchain technology and bitcoin - or will strict rules push all the new ventures and innovation in the bitspace to other countries?

There was a tv show in my country few years ago. The point in the study explained in that tv show was very clear, United States of America doesn't have government reserves for 40 percent of the printed dollars. I think that says all.

I would not put it past the POTUS to do that, they have already done a similar thing to Gadaffi in Libya when he stopped his nuclear development programme then destroyed the country, that helped to create ISIS/ISIL because taking one moderate dictator out of power their led to even more radical powers emerging.
I'm just hoping they do not try to do another Libya and destabalize Iran that will create a lot of collateral damange in the middle east that will spread over to the West.

I don't think so.
According to me China or India are gonna win the currency war(but not recently).

Yeah USA going to win this one again...

One language for all, one currency for all. The alternative was "Euro" against "USD" but Europeans f**ked it up with Greece crisis. (and spain will be following probably)

And China? China is in another world dude. No one would want to go there. So basically China is worthless to most people.

How can a country like US not get their share of extra money? They will not ban anything, maybe they will change exactly what it stands for and work against it. Maybe they centralize the currency or modify it and make their own US currency while they ban all other crypto in the country, making even possessing it illegal. I wouldn't be surprised if US acted this way, they become a little insecure sometimes. Its not cute.

Euro could never provide a strong fight against dollar, despite of whatever capital strength they possess because it takes social and political capabilities to back a strong currency, not just missiles. Spain is not going to end like Greece anytime soon, they've made the most recovery from their crisis in the whole euro zone circle. Also, China is not worthless, the whole world relies on it for manufacturing their products and provide the cheapest human resources.

That recovery is a bubbled one. It's based on precarious labor, low quality and temporal jobs that pay next to peanuts. The spaniards are holding without riots because they are living off under the table work and off grandparent's welfare. You are deluded if you think its getting any better for them.

Would you live in China? Would you live in Saudi Arabia? I know there are lots of european/american people live there, but would you? Most will say no.

You don't like their culture, you don't like their language, you like nothing about them. So what makes them precious to you?

Yeah i'd like them to keep making my electronic devices or send me oil from a faaaaar away land.

On the other hand, I can live in USA or any other European land and i can adapt easily to any of those cultures. Because almost all people there know to talk in "English" That is the meaning of "worth" to me.

Not every European country speaks English. Even in Western Europe, people will still speak their country's native language. In other countries in Europe, they don't all speak English. Most people in Europe will know English to some degree, but not all. Same with China. China actually teaches their kids English in schools (at least in the good ones) and most people their will understand English to some degree.

I went there. The smog in Beijing is like nothing else I've experienced. You could actually feel your life span shortening by being there.

My family lives in Spain and they told me everything which happens there, I am more informed about the place than you are. I can assume you don't live there because you're one of those people who reads a conspiracy theory over the internet and totally believes it. I'm anything but deluded, Spain might not be completely recovery free but they are doing so much better than what I think they would be like.

I don't think that the US will win the currency war, as the USD is slowly going down. However, I think that GBP (British Pound) might win (maybe?). As of now, they're more valuable than USD and EUR. (at the time of this writing).

In the end, Bitcoin might become the world's reserve currency, or maybe not. Just speculating, of course.

I have some friends there and everyone is struggling to get a job and the jobs they get are always underpaid and chances are they are not full time jobs. I agree that there is some recovery but he isn't wrong on what he said, the jobs aren't decent enough and I fail to see how it will get any better. It seems they are stuck in perpetual austerity being Troika's bitch just like all southern european countries are.

I think in that kind of War there is no winner,victims are citzens,ordinary people.Money games,debt creating do we want that
About laungage,come learn Polish ,wish you the best.Pretty hard

The currency "war" is unfortunately quite real, and the reason is simple.  The elites and the population of the country issuing the global reserve currency are able to collect a tax from the rest of the world for breathing the air, essentially.  (That is, assuming there is still a trusted paper reserve currency.)

- The country borrows at a cheap interest rate since savers and central banks are happy to park their wealth in its currency.
- The country can run up a greater debt than other while still maintaining confidence in its currency.
- The country can shift most of the pain from economic downturns to the rest of the world ("When America sneezes, the world catches a cold.")
- The country receives most of the immediate benefits of new high growth economies by buying their goods cheaply.

The only problem, in the long run, is that the country is doomed to decline as its people and institutions are weakened by receiving so much unearned wealth.  (The US Congress is not used to solving real problems, because most problems can be "solved" by pouring cheaply borrowed money on them.)

The same relentless decline has occurred to past global financial and military (as the two go together) top dogs: Spain, the Netherlands, and the UK.  The UK has been shrewd in arranging a friendly US to inherit its position and help ease it into second-rate status.

But, that is not the concern of the elites of the country, as they receive immense power and wealth immediately.

It's called a war because the currency game is winner-take-all, by necessity.  Having two top-dogs is unstable because they will each try to knock the other one out, until one succeeds.  For the winner, monetary power will drive economic and military power, which will use political manipulation to safeguard monetary power, in turn.  (At least while the country's dominant position lasts.)

The future of the US dollar is depends on a number of factors.  How fast the US general decline will happen; how long the monetary and financial bubble will last (which is by nature uncertain in the short to medium term;) how quickly a friendly heir can take over (most likely India, and not China, for cultural reasons -- but definitely not a European entity or Japan, since they have been close allies and their financial-asset-inflation is only one step behind the US;)

The best hope for the world is that, at some point, no dominant power exists.  Since no national currency is much trusted, each country essentially has to compete fairly and actually earn its living.  Neutral currencies like gold or Bitcoin should do well in this environment.  IMO the Anglo-American system has dominated the world for so long that people forget this is eminently possible.  This was basically what happened just in the 18th century, when Britain and France were vying for world power.  That period also "happened" to see the most progress in public awareness and intellectual life, IMO.

US was its dominance back in ww 2, when we pretty have most of the gold supply and ever since then no one questioned the dollar.

So as for US winning the currency war it should be a obvious one since its been wide spread. As for the value though, its lost if there is a huge surge of bitcoin users and drop the dollar.

well they can as long we hold the dollar technically right?

on the dollar bill it says "in god we trust" hence fiat is only a form of trust.

The best way to get a job is create one, maybe you could help your friends and talk to them about how they can create their own venture, if they have great ideas. Maybe they should research which industries are booming and then revolve their work around it so they get more early market acceptance. I think there is a worldwide struggle regarding employment nowadays. Too many people, very less opportunities.

US Dollar always become a strongest currency in the world, and even its accepted as a global currency for some countries. I think US will do anything to make it stable and prevent any action from other country that could give bad effect to USD. I guess thats why US make some acts like spying EU countries or interfering China in South China Sea.

https://en.wikipedia.org/wiki/Petrodollar

This is the reason why US Dollars will keep ruling as a currency.

USD is the default currency for buying petrol. You cannot buy petrol with euro's or GBP's. You need the "Green"!

Beside petrol, most of important commodities in the world tend to get traded and priced in US dollars. Thats prove us that USD is a strong currency and wont fall easily. http://www.forbes.com/sites/kitconews/2014/08/07/economic-geopolitical-events-support-us-dollar-but-gains-may-be-tempered-short-term/

No way about this. Us dollar is the world currency and us dollar will be the world currency also for to many other years. If it will be an war which will threaten it I think that again it will be the winner. There will be and there are in place two big potential economic wars which risky the dominance of us dollar. The war with European union and the war with China. I think that both of those will be won by United States. If it will be so the us dollar will maintain its position as e leader currency in the world. Most of the countries (or all of them) will continue to maintain their monetary reserves mainly in us dollar and this currency will be the most privileged one among all the others.

Same with the English. Will continue to maintain the first place as a spoken language. No risk from China even with the increasing power of this country and no risk from European Union which have English as official language on it.

Things change mate, and who knows you may be looking at btc as the global currency in the next few years. I guess no one would have guessed rome would die out before it actually did

No way even about this. I am a bitcoiner but bitcoin will be never the world currency. May be one of the world currency and I hope one of the most used world currency but never the world currency. First of all because are not to many coins to face all need for money in all the world. Second because people need to buy the bread every day and cannot do this with bitcoin. And cannot created the physical coins because bitcoin has no owners to take care of this. Then for to many other reasons like impossibility to do monetary policies, war between its developers about the ways in which it must be developed etc. Then is ridiculous to tell the next years when it is known (yes or not) only by 1% of the people of the world.

Bitcoin could become the reserve currency of the world if it's backed up by Gold, Governments, etc But until then, the USD will remain at the top for probably the next 5 to 10 years or so. Just my opinion  ;D

I'm not sure what you are talking about.  Chinese is the most common language on the planet for one.  For two, there are more English speakers in China than in USA.  For three, how does "Uncle Sam" win a currency war when he doesn't exist?  People make gains, not giant geographical and political descriptors make gains.  Think about whether -you- will gain or lose portfolio value as the so-called currency war continues.   

Most countries around the world use USD as their reserve currency. Many people in poor countries also put their savings in USD due to the perceived stability.

yes, this is a fact. i think that is a similar situation with price of gold. when the petrol is not being used, other currency maybe have chance

I think in future there are possibilities and if hegemony of the powers in the world change then you may expect to see other currencies and maybe you see bitcoin as a substitute.

Very correct. I will add even that the people have their saving in us dollar not even in poor countries but even in other which are not poor but are strong connections with United States or are more welathy. My country is not poor. According to World Bank my country classified with "Upper middle income", have 4,619.2 us dollar income pro capita and most of my people have their savings in us dollar. One the the three options of which is our monetary reserve is us dollar. Our country have even strong connections (government and people) with USA.

I hope everything is fine and there was no war :(

USA has the very strong economic back round compared to Chinese economics. So, there are lot chances for USA to win. May be US is behind just after china economics. But, fundamentally USA economic is very strong enough to win the currency war.

The United States of America has a strong economy (and it's been like that over years) but I'm afraid that in the near future, China might take its place with the Yuan. It will only take a matter of time until this happens (now that recently the USD has been declining) Even still, I think that Bitcoin could replace fiat currencies maybe in the next 5 years or so.  ;D

The bold words are not correct. During the months of this year us dollar was increased with about 25% of its previous value. See for more here: http://money.cnn.com/2015/03/16/investing/us-dollar-fastest-rise-40-years/ (http://money.cnn.com/2015/03/16/investing/us-dollar-fastest-rise-40-years/)

About Chine you are correct with its rhythm of development but I don't think that United States will remain behind.

I am sorry what lauguage you are speaking in USA,USA language.China  1.4 bln people speaking chinise,Russi and all post USSR coutries are speaking russian.India1 bln of people,Latin america speaking spanish
Internet language is mostly english,it is ok becouse english is very simple and communicative.French is nightmare

Currency wars ,no winner only loosers,but if USA will use dollar like a weapon will die from that weapon.That one who fight with sword is dieing from sword

Your logic is flawed, then why we don't have Gold as a world currency then it it is so important as 'backing' method?
The sad reality is that current top world currencies aren't backed by commodities, they are FIATs backed only by trust.
As much as I want that to happen, bitcoin won't be ever leading currency as long as we have current banking system around.

Currently, the US dollar is the world reserve currency, and this has been so for a long time now.  So, yes, I guess the US will still win the currency war.

For more than half a decade, the US dollar has been the world reserve currency.  It is too strong and it will stay this way.

Disagree totally. You can tell this only if you have facts. Tell us data which argument this conclusion. I can tell to many things for various reasons but those remain only simple words without showing facts. You din't give nothing. Have some?

I haven't read something about the lost of us dollar of the monopoly of the oil trade. Even in internet, doing a search, is not appear nothing. You give only words and not some link which can give facts that your words are true. Anyhow I make it as true. Then? The world have million other things in which is used the dollar which have value much more the oil on itself. This fact (if true) is nothing to determine the loss of leadership of us dollar in the world of currencies.

I will give the number of countries in all the world which use us dollar as monetary reserve which is the most high faith that a country may have in one currency. The number is "infinite".

https://www.gfmag.com/global-data/economic-data/international-reserves-by-country (https://www.gfmag.com/global-data/economic-data/international-reserves-by-country)

About the matter of which the most industrialization nation in the world it is ridiculous to think that is another. Your insinuation are only defamation. See the link below for this matter.

http://www.richestlifestyle.com/most-industrialized-countries-in-the-world/5/ (http://www.richestlifestyle.com/most-industrialized-countries-in-the-world/5/)

While the second part of your post is composed only by words and no one facts. So no need for comment about this part.

Iran did export oil all these years, in spite of the best efforts of the US to prevent it.

I don't think that there is war related to currency. It will not much matter, in the short run except for the lose of prestige. All Currencies are traded and valued against each other. When it comes to Saudi Arabia they trade oil based on the US Dollar but take payment in all forms of currency. A currency war would be more devastating for nations that have Fiat Currencies.

I think the question presents a false paradigm.  The entire global banking system is unhealthy.  China is in shambles, worse than the US arguably.  The world economy is intertwined and I think should work together to find a common solution to trade and currency issues that ideally foster international cooperation rather than rivalries that lead to military hostilities.

well i think right now there only 2 possibilities on currency war...

its between US and China as both economic is good..the growth racing between each other..so who will be the winner?

The currency that should win must be the currency of the strongest country between USA and China. I think that no one one will win. USA is a big world power but China had some advantages which USA cannot have in any way. For example all the Chinese people are hardworkers. And work and are satisfied with much less money than the Americans. This is the main advantage which make possible the good and the fast increase of Chinese economy.

I think that everyone will have its areas of influence and will try with diplomacy to increase its influence in other areas. They will be never in a military conflict. Because if yes it will be the end of the world. They will resolve all their conflicts with discussions between those and in this way will continue. This kind of behavior will made possible that the respective currencies have even those their areas of influence.

But in one thing I think that China will not arrive never USA. In the field of high technology. Even buying such businesses in USA. It will be enough this to assure the supremacy of us dollar? Who knows.... The time will show...

there is an economic war always were and always will.and the u.s wont win the war in the long term.

USD is great currency for nowadays.
But there will always be "WAR" for all currencies.

Each goverments will give their best strategies in their economy area.

And because BTC are very popular on internets, all online players will become BTC's best strategy.

The only way to make BTC "lost" is to make something which more easy, more valuable, and more transparent than BTC itself.

Nothing last forever.

High growth and large economy are not the only factors which make a currency a winner.
China has to do much more before the Yuan is taken seriously as an international / reserve currency.

in logic yes because dollar is coming strong everyday and many people invest money to buy dollar that will be make dollar strongly

The US will win the currency war only because the USD is the most stable currency in the world.  Other currencies are not stable.

Hard to compete agains the Japanese Yen, I mean these folks are already going Exponential!

http://cdn.tradingeconomics.com/charts/japan-money-supply-m3.png?s=japanmonsupm3&v=201510031449h&d1=19150101&d2=20151231

But who knows, the USD depends only on the oil, if Russia takes over the middle east, the USD is pretty doomed, before Japan.