Can the US win the currency war?

[ransomer]

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?

[p3yot33at3r]

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

[melody82]

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.

[NorrisK]

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..

[jeffthebaker]

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.

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.

[Hopalong]

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...

[ransomer]

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

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?

[Chomsky]

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.

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

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

[achow101]

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

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

[ransomer]

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

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

[Hazir]

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.

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.

[scarsbergholden]

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/

[cellard]

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.

[thebigtalk]

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?

[bryant.coleman]

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.

[Possum577]

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?

[bryant.coleman]

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.

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.

[Possum577]

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/

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/

[EternalWingsofGod]

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

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.

[myfirst]

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.