Bitcoin Forum

The war against USD dominance!

Let's look into the current situation. If you are someone who needs to know in detail. Please use the keyword Dedollarisation on Google and you will find many articles on this issue. Some of those articles might date back to 3 or 10 years. Getting back to what has happened this month.

• One of the biggest allies of the USA in the middle east is Saudi Arabia. They are in the process to dit h USD and accept Yuan. This transaction will happen as of now with China.
• China has already convinced France with an LNG trade using Yuan. I am sure the USA never expected such a transaction to happen.
  
• The country with whom the USA is fighting a proxy war has already or is in the process to agree to trade in Yuan.
• Brazil has already agreed in using Yuan for trade with China.

• BRICS countries have already announced that they are in the process of developing a new currency for trading. I am hoping it will be Yuan]

Considering such development and seeing USD getting hammered in the international market. It is now the right time to announce that USD can now be officially called a shit coin.

Can we call USD a shitcoin from now on?

Edit 1: Japan is will purchase oil from Russia. Do you think they will ditch USD for purchase or they will use their Yen? What do you think?
Edit 2: Now the statement from French President might become the nail in the coffin for USD.  (https://bitcointalk.org/index.php?topic=5447411.msg62067354#msg62067354)

Sanctioning other nations signaled this inevitability. Now it is safe to call it a shitfiat.😉 

For the moment, any of the USD shitcoins that you don't want, please send them my way.

8)

It is too soon to call the USD a shitcoin or even consider its position as globally accepted currency to be displaced by the Chinese Yuan or other alternatives.

Those news are rather new and the Yuan, even though is doing avances, it is yet to see whether this will impact significantly the USD, or not, for now all these things are just plans or models to be implemented. It would be also naive to believe the United States will remain still as China expands her influence in the middle east, Africa and Latin America, specially if the next president of the United States ends up being a Republican willing to challenge Chinese dominance.

It's still in the process and we can call it for now as in the 'papers'. Meaning that they've got an agreement but it's not yet happening until it does.  I remember that I watched a video recently explaining how this has come into reality it has been there for several years ago and it's just waiting to happen. So, with all of these agreements and papers works, they've come all united to have some considerations on what they are up to and that's to detach from the pair of using USD with their trades. Yes, the Chinese Yuan will be their main currency of trade and that's why it's looking to be a threat to the US economy especially if other countries rich in oil will join this global treaty. We will wait and let's see how things going to work for BRICS and the USA.

Everybody with there own opinion. I know many of us may see the usd as a shit coin because of the atrocities the country had committed but it will be too early for us to see the usd as something else. This change might take a lot of time for it to come through but I still see it as too early for the dumping of the USD.

Personally, I call it dirty currency from a long time ago!!!

The United States had to know that its policy of dominating the world through force and through the dollar would fail one day. They are now reaping the result of their policy now, this policy that has generated hatred among many peoples.

Not only the Kingdom of Saudi Arabia, but there are many countries that are now seriously considering abandoning the dollar. Even here in the field of crypto, they are starting to think about using a fiat currency other than the dollar.

Nothing lasts forever, the US has bullied & pillaged other nations for their oil, gold & minerals for a very lokg tike under the dark cloak of the petrodollar. Maybe it’s time for a new alpha in town. Those in power have mismanaged the worlds reserve currency for an age.

President Xi said to Putin recently, ‘changes are coming, not seen for 100 years.’

Buckle up.

I honestly find it funny that people still consider Putin as a politician/war strategist and president of the Russian Federation.Not longer than yesterday he doubled the boarders with NATO as Finland officially joined the Western Alliance while he claimed as the objective of the "special military operation" is less NATO on Russian borders.I think yesterday all the world saw this failing miserably.Xi from China is no different than him but of course much smarter as Xi has not made his country an isolated one full of sanctions like Putin did,but these two are failed politicians in my view.

As for US bullying other countries I find it difficult for some people to say US is bullying other countries while Russia is committing horrific war crimes every day and all the world has seen,things which have led to a arrest warrant for Putin,so dollar is still going strong despite being down now for different reasons and calling it a shitcoin or hoping for a new alpha has no meaning at all.

US is possibly one of the worst countries in the world historically for committing war crimes. You can find it on the internet with a simple Google search, Afghanistan & Iraq etc. The Clinton’s & Bush should be in jail. The killing of Gaddaffi also was on very touchy grounds. The US is all about power & crushing anybody who gets in the way of their plans.

As for the $ being a shitcoin, this chart/image looks like the path of a shitcoin over time to me (it has only & will only continue to get worse):

https://i.ibb.co/H7gFp6z/IMG-3800.jpg (https://ibb.co/y0sfBty)

How long before the USD mirrors the Zimbabwean Dollar & this note buys you a loaf of bread & a pint of milk?

https://i.ibb.co/CvNdP0W/IMG-3801.jpg (https://ibb.co/Y8Y90jb)

Inflation over time turns into hyperinflation with QE. All fiat currencies eventually become shitcoins. It may take time but it happens. This is why living on a Bitcoin Standard is a way to save the world.

All government issued currencies will fail eventually, that’s why you’re on this forum right, to protect your net worth vs an ever depreciating fiat ruled world?

Well there is a clear distinction between the US and Russia when it comes to war crimes,US has publicly apologized for the invasion in Iraq something that Russia will never do as they are massacring innocent people since March 2022 up until now,horrific war crimes which are well documented.Also the US has stopped the war within 1 month or so and retreated and offered support to Iraqi soon after for all the damage they caused.Russia is still committing horrific war crimes with each passing day and they need to be isolated further.It is great that the best alliance in the world is helping Ukraine winning against Russian tyrants and aggressors.

Of course I agree with you and that is the main reason I am here to protect my money from devaluation by keeping it in cryptocurrencies.

I have also heard that Hitler apologized in his last moments, guess God forgave him and he is now playing with virgins in heaven.
Apologized! They were responsible for atomic bombs on Japan, war with Vietnam, the gulf war, supported Iraq against Iran, organized alqaeda, isis, war on Afghanistan, Iraq, Syria, Yemen, and now a proxy war with Russia.
Apology not accepted, karma is real.

We can't call it a shitcoin now or in the near future. The US government cannot simply stand by and watch its currency lose so much value in the global market. The United States is not a country that plays games with things like this; they will always find a way to break through and make their currency stand out in the global market among other currencies.


This is one of the many reasons they are attempting to abandon the US dollar in the international market. However, the fact remains that the change will not be seen anytime soon, nor will its implementation have a negative impact on the US dollar soon. To be successful, this will be a long-term journey.

You can't just ignore the benefits of QE.  The whole point is to stimulate the economy.  Encourage people to borrow money, to start businesses, create jobs, invest in other businesses.

Do you think it's worked?

Has there been any economic growth in the US during the time period in your graph?

I saw this post earlier I wonder if it's true or just some April fools who want to confuse people.

What if they gonna do this thing? is it finally over for the US dollars or they will gonna counter this kind of economic attract against them?

I wonder what they can do if this thing will truly happens in the future.

https://i.ibb.co/Hr529qr/338689790-761074172135817-545219940629257791-n.jpg

If they have apologized then they deserve mercy. But they should rejoin the International Court of Justice, abide by the Rome Statute, and send those Americans responsible for these senseless wars to the Hague for them to be tried for various crimes against humanity. Russia has not apologized, maybe they will do theirs in the future. So let's give them some time to think if they really committed war crimes.

This economic alliance is a good competition to the US and her allies but not dethronement of the dollars. America and its partners have bigger economists than most of the members of BRICS. Unhealthy rivalry and the national interest of these nations might not allow them to achieve the goals of this union.

The USD has been used widely in the international market for a while now and it has more status than shitcoins. The recent development is to reduce the status of the USD, so the United States do not continue using that advantage they have against any country that they may have an issue with. I expect some sort of fight back to ensure the USD does not loose it's value in the international market completely, It will be interesting to see the developments that follow. Can we hold POTUS responsible?

I mean, looking at the way USD has been over the years, no one can really blame the majority that is thinking that USD is slowly sinking on a downward spiral. And thinking about the aftereffects it may have on the whole world economically (if it really does fail even more and become a shitcoin), is making a lot of people panic already. While the level varies from person to person, it is an undeniable fact that anyone that is aware cannot easily ignore this. Which is why some people are already preparing themselves for the possibilities. Which in my opinion is a good thing whether we reach that point or not.

Right now, when everyone is busy pointing fingers, it doesn't really matter that much anymore whose fault it is or whose sins are heavier than the other. What's important right now would be for the leaders to set aside their own greed, egos or whatever selfish reasons they may have for refusing to unite. The leaders must take the first step and for the first time focus on putting the well-being of the people above anything else. Because if not, things will only get worse from this point on, and I guarantee that regardless of the winner, it is the whole world that would suffer, and no one will be safe from the result of all these foolishness.

The downfall of the dollar is happening much later than I expected. Every nation that threatens the US interests is slammed with various sanctions, crippling their economies and toppling governments. It's these sanctions that birthed the BRICS nations to counter the EU, NATO and the US. Now, more nations are about joining the this international alliance because of America's constant threats.

^^^ One of the major reasons for the success of the USD is, loads of people in America love and have faith in God >>> Jesus salvation. The whole American nation started with people who fled other countries for freedom of religion purposes; it's right in the 1st Amendment... religious freedom.

God actually allowed the USD to become strong so that the religious freedom of Americans could be spread around the world. But now that a bunch of wicked people are using the USD for evil purposes, it will fail... and so will the wicked people. But freedom-loving, God-fearing people will find deliverance from the failure of the USD. God always makes protection for His people.

Freedom might be in cryptocurrency. The US government doesn't have authority over crypto transactions that are done privately... provided there is a privacy statement that goes along with the crypto exchange. Study Private Membership Associations, and consider how to use a different PMA for each crypto transaction you do... the hash being the part of the exchange that makes it different from all the rest of the exchanges done.

8)

I am sure the USA never expected such a statement from the French President after meeting the Chinese premier. What he said, I am quoting it with the link - "Europe must resist pressure to become ‘America’s followers,’ says Macron" (https://www.politico.eu/article/emmanuel-macron-china-america-pressure-interview/). The question that comes to my mind is Which European country next will come up with a similar statement? Since France is the head of the European Union.

The situation is going from bad to worst for the US after Joe Biden became the President. Every ally of the US is now on the verge of leaving them which eventually means de-dollarization is on the way.

The French President must understand that it is the alliance between US and NATO that can give Russia and China the needed competition. He should not also forget that most European nations rely solely on the military hardware of the United States. Macron was just brainwashed by the Chinese and he began to express himself based on what he had learned from Xi.

China is doing everything possible to cause disaffection in NATO so that they can freely invade Taiwan and it seems Emmanuel will be the traitor. Taiwanese want to be independent and they don't want to be under the government in mainland China because they have chosen democracy. Beijing wants to force them to adopt authoritarian principles. If the US and NATO fail to interfere,  Russia and China will invade nations at will. I am sure when Macron settles down in Paris for a few days, he will be able to understand the implications of his statement and I am sure he will soon contradict himself.

I mean, I was aware that the American-European relations were always complex and not always seemed to be fair for the European people, but I cannot help to notice the timing of Macron's statements, while the French people has been partaking in days after days of protest against Macron and this economic agenda.

The protests have been so serious that it would not surprise me if this was the end of the political career of this man, so why bother to say those polarizing things while in China? Does he feel disappointed with the treatment of the USA towards France?

The USD already is a shitcoin. Think about it. The USD has racist images of slave owners on the 1,2,20 dollar bills. Those slave owners raped their teenage slaves. This is why everyone who goes to the grocery store should always ask if they can use an alternative non-racist currency. And when they say they do not accept non-racist money, you are required to call the cashier and manager racists, leave a bad review, and then sue the grocery store for violating your civil rights (if you are white, I guess you can donate 70% of all the money you obtained to the NAACP or you can give it directly to African Americans in need). American money is not only a scam, but it is also racist because the racist Americans who use it are racist racists.

You may also send me your racist money to https://github.com/sponsors/jvanname where I will dispose of it properly. By sending me your racist money to dispose of, we can all end racism! If you don't send me your racist money to dispose of, then you are a racist racist.

Actually, what you say does not make much sense, in my opinion.
Firstly, the value and strength of a currency against other around the world has little to nothing to do with whose face is on the paper. There are obviously more important macroeconomics reasons which could make someone not to appreciate one currency in favor or others.

Also, by the time the colonies of the Americas started to fight for independence it was common for people to have slaves and obviously those in power to fight for the freedom of people were white people with resources.  If you applied your logic, we should not use or hold other currencies from around the world with the faces of military people, emperors, kings or queens. Those were not only responsible of the conquering and enslavement of entire countries but also the death of many.

 ???

Hispo-So are you saying that there are bad people on foreign currencies as well? That just means that other currencies promote racism, genocide, and general malevolence as well. We should therefore avoid those currencies too. The US dollar is also a shitcoin for many other reasons. Since the US dollar is such a shitcoin, I will label everyone who likes using the US dollar and who wants me to use it A RACIST. I draw the line at a guy who rapes his teenage slaves. That is disgusting. Please send me your racist money at https://github.com/sponsors/jvanname so that I can dispose of it properly.

What I am trying to say is that currencies do not promote anything, they are a vehicle to transfer value between parties.  For example, books and political manifestos serve more the purpose you are talking about than banknote does. Banknote is used by people of all kind of political way of thinking in the same country.

Also, you are saying that the USD is a shitcoin and anyone who likes to use it/make you use it would be a racist, but in the same post you are inviting me to donate in the came currency you just called shitcoin and racist ?   ???

I was expecting to see a Bitcoin address or a Circcash address. I assume it is against the policies of github.

By having pictures of slave owners who had hundreds of slaves on the 1,2,20 dollar bills, the US dollar is promoting something. The US dollar is saying that it does not care about slavery as much as it should. Having images of slave owners on the 1,2,20 dollar bills does not look very favorably towards those who are skeptical about American money. I do not like how when the Fed prints all that racist money, then do not give any to me. This is because they are more interested in scamming me than anything else. And since they want to scam me, I have nothing but harsh words for the US dollar and all the chlurmcks who use the US dollar.

You should not be asking if the Github sponsors page accepts other currencies unless you are willing to donate. Please learn some manners and decency. Stop using racist money. Sending me your racist money is not a donation. It is a safe way to dispose of your racist money. Think of it more like taking out the trash than actually donating something.

If by shitcoin, you refer to the thousands of abandoned crypto projects whose sole purpose was to raise money and then do a slow-rug or outright disappearance, then USD has a long way to go till it achieves that status.

If you mean that whether it is losing its status as the de facto world currency, that also is still doubtful. We are indeed moving towards a multi-polar world with the rise of China and smaller countries starting to group together. Yet, the US Dollar is way too entrenched and there are hardly any alternatives, let alone the Yuan. No country would, or ever should trust China with that kind of dominance.

I think the replacement of US Dollar will take a longer time. The current financial system is undergoing a major stress test. if nothing crashes in the coming few months, we will have stabilized and will go back to the norm. If history is any guide, and we get the long awaited shit-storm, it may very well lead to businesses and other countries finally losing faith in the Fed. What happens aftterward can be the subject of an academic study by itself.