Can the US win the currency war?

[Snorek]

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  

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.

[Quinn]

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?

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.

[Poppy]

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?

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.

[n2004al]

No. It's not a win or lose situation, there's no finish line to cross, the dollar has had a good run but its about to lose the lead.

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?

[n2004al]

No. It's not a win or lose situation, there's no finish line to cross, the dollar has had a good run but its about to lose the lead.

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?

Easy, the dollar has lost the monopoly of the oil trade (and killed millions trying to keep it). Wall street might not like to admit it but the world turns on oil, industry runs on oil and the US lost the most industrialised nation title a long time ago, the nations that now produce the goods the world wants need oil and don't want to go through the dollar to get it.

Besides that, folks are losing their blind faith in money and starting to question what it really is and when that question's asked it simply doesn't stand up to scrutiny. Maybe Bitcoin will prosper from that, maybe the bankers will pull some rabbit out of the hat that looks trustworthy for a while but currencies as we know them wont be around much longer.

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

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/

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

[pitham1]

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.

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

[operrajunk74]

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.

[edric]

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.

[birdcat90]

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?

[n2004al]

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...

[thinkinger]

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.

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

[StevenLiang]

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.

[pitham1]

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?

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.

[bajing]

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

[Quinn]

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?

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

[RealBitcoin]

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



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