The world continues dumping US dollar (Gold, New World Order, World War III)

[Coyster]

Actually gold investment is more profitable and valuable than dollar, because the dollar can face economy crisis and will depreciate since it is under the influence of human activities.

The countries in question were never using the U.S dollar as an investment asset, it is mainly used around the world as a reserve asset/currency because it is a very strong and stable currency, but immediately the covid-19 pandemic shed its milk teeth and with the subsequent printing of more money out of thin air, the U.S dollar is now facing somewhat of an inflation crisis.

Having said that, if countries are slowly switching to gold from the U.S dollar, it is because gold is a safe haven asset/store of value that isn't affected by inflation, thus they would want to diversify and make gold a part of their reserve asset as the dollar continues to suffer. It is not about profitability, gold is a stable asset, but ROI on gold isn't all that large.

[ginsan]

why do we always have to mention world war lll at the end of every topic title, isn't that horrible to imagine.

indeed the direction of flight in the world economy against currencies will be a very crucial point if it really happens. as an asset in a country future reserves often triggers surprises. However, I think that if only one or two countries support their reserve assets in the form of gold, of course this will not have a big enough impact on the dollar. but I hope that one day some developed countries can make changes in their reserve assets such as doing in the form of BTC.

[bitgolden]

why do we always have to mention world war lll at the end of every topic title, isn't that horrible to imagine.

indeed the direction of flight in the world economy against currencies will be a very crucial point if it really happens. as an asset in a country future reserves often triggers surprises. However, I think that if only one or two countries support their reserve assets in the form of gold, of course this will not have a big enough impact on the dollar. but I hope that one day some developed countries can make changes in their reserve assets such as doing in the form of BTC.

I think it's there to attract attention and that's it. Like imagine the worst possible thing that could happen? That would be world war 3 because we now have nuclear weapons as well, even a single one of them being used means that it's going to end up with a lot of trouble, and that is why I believe that nobody will end up using them in reality, but what if it was ever used? That would be insane.

This is why that's the worst thing I could ever consider. In the end it's going to be sensible people stopping short of that, this whole Ukraine thing could have turned into USA and Europe going directly into Ukraine to help, which would have caused Russia to be even more aggressive and even maybe use Nuclears, but nobody did, hence I doubt it would happen.

[Coyster]

why do we always have to mention world war lll at the end of every topic title, isn't that horrible to imagine.

Lol, World War lll OP mentioned at the end of this topic wasn't at least a physical one, it is more of an economical battle were one country tries to weaken the other and establish their economy as the world's most dominant one. But even a physical world war in the future isn't something we can completely rule out, but it is the last thing i will wish for.

but I hope that one day some developed countries can make changes in their reserve assets such as doing in the form of BTC.

These countries are buying gold because they are looking for what is a stable asset/currency, Bitcoin is very volatile and risky, as long as it is this volatile i don't think any country is going to ever make it their reserve asset/currency.

[Sithara007]

These countries are buying gold because they are looking for what is a stable asset/currency, Bitcoin is very volatile and risky, as long as it is this volatile i don't think any country is going to ever make it their reserve asset/currency.

As I mentioned in one of my previous posts, gold is not risk-free in the long term. Maybe for the next 5-10 years, it can act as a reliable store of value. But I don't know what will happen if everyone starts using gold (or gold backed fiat) as a currency. There is a reason why almost 100 years ago the governments decided to replace the gold standard. I would still make my argument in favor of a more reliable alternative. That said, I am not sure whether Bitcoin can be that alternative. It has the potential to become one.

[Poker Player]

I will follow the subject with interest, because I believe that the USA has gone from being an eminently productive country to a consumer country that has got away with it by exporting inflation to the rest of the world with its dollars, but this gradual abandonment of the dollar will force it to change its policies, otherwise it will lose its status and its economic capacity. We will have to see how the story continues. Of course, by promoting a victim mentality and paying people not to work, they won't be able to last much longer.

[Dickiy]

From my point of view, I think there is a big plan behind all of this, I don't know what and how I don't understand clearly, they are global elites who probably know everything, apart from talking about economic wars and declining confidence in the US dollar as the country's foreign exchange, it's quite strange that countries just buy gold without any explanation for that condition.
In my opinion, this is interpreted as a resistance to limit western hegemony. So far, to be honest, they (the Eastern bloc) do not like all international decisions, most of which are in favor of western powers, especially since the US has always made propaganda in the eastern bloc.
The audacity of the Eastern Bloc to abandon the dollar, it was probably fueled by the Russian state officially trading in its own currency.
It is not strange that the US is experiencing high inflation because countries have started to release their dollars so that the circulation of dollars in America is too much which makes it hyper-inflation.

My other thoughts
If that's actually the case, I think it's impossible for the dollars sucked up by TheFed interest rates to be stored in their safe until they rot, there will likely be a scenario that will be implemented in 2023. CMIWW

[Synchronice]

I will follow the subject with interest, because I believe that the USA has gone from being an eminently productive country to a consumer country that has got away with it by exporting inflation to the rest of the world with its dollars, but this gradual abandonment of the dollar will force it to change its policies, otherwise it will lose its status and its economic capacity. We will have to see how the story continues. Of course, by promoting a victim mentality and paying people not to work, they won't be able to last much longer.

I think that the USA focused too much on the entertainment. In my childhood, kids wanted to become astronaut, scientist, doctor, engineer but now kids want to become youtubers, tiktokers, twitch streamers, gamers but these people don't play the role in the developing of our quality of life. I mean, random retard youtuber and tiktoker can't produce good, can't develop the medicine, can't invent new machine, can't improve our life.

American kids want to be famous on YouTube, and kids in China want to go to space: survey
I think the fact that China's economy will takeover the USA's economy is just inevitable if the USA follows the current path. The current path is the reason why countries prefer to prioritize gold again.

[pooya87]

why do we always have to mention world war lll at the end of every topic title, isn't that horrible to imagine.

Considering that many believe that World War 3 has already started it is not surprising to see it in different titles although it is not in every topic as you said.
Keep in mind that such wars don't have to always be in form of nuclear end of the world scenario. The cold wars involving economy, food security, energy war, proxy wars, etc. are all parts of that WW3 that you keep hearing.

My other thoughts
If that's actually the case, I think it's impossible for the dollars sucked up by TheFed interest rates to be stored in their safe until they rot, there will likely be a scenario that will be implemented in 2023. CMIWW

I've been curiously watching to see what they are going to do this time.
Last time the world tried to abandon US dollar and it tanked, the US regime had colonies like Saudi Arabia that they could pressure to sell their energy with dollar which introduced PetroDollar concept that saved US dollar and US economy.
This time however, US is not longer the hegemony it used to be and even the colonies are not listening to their orders. Many US analysts compare the regime with a ship that is slowly sinking. Even the US military is like that. I was reading an article that a Washington Think Tank released where they say if US entered any war with any of the existing powers today, they only have 7 days worth of strategic weapons! And war was something else US started with countries that tried dumping US dollar to prevent it (eg. Libya, Iraq, Syria, etc.).

[NotATether]

I think that the USA focused too much on the entertainment. In my childhood, kids wanted to become astronaut, scientist, doctor, engineer but now kids want to become youtubers, tiktokers, twitch streamers, gamers but these people don't play the role in the developing of our quality of life. I mean, random retard youtuber and tiktoker can't produce good, can't develop the medicine, can't invent new machine, can't improve our life.

American kids want to be famous on YouTube, and kids in China want to go to space: survey

Oh boy! Time to accelerate development of the YouTube killer. /s

But it's important to note that this study should not be taken as a generalization, and that you should not assume this is what all American kids want to be. If that was he case, the country would be all the lesser for it.

[Dickiy]

My other thoughts
If that's actually the case, I think it's impossible for the dollars sucked up by TheFed interest rates to be stored in their safe until they rot, there will likely be a scenario that will be implemented in 2023. CMIWW

I've been curiously watching to see what they are going to do this time.
Last time the world tried to abandon US dollar and it tanked, the US regime had colonies like Saudi Arabia that they could pressure to sell their energy with dollar which introduced PetroDollar concept that saved US dollar and US economy.
This time however, US is not longer the hegemony it used to be and even the colonies are not listening to their orders. Many US analysts compare the regime with a ship that is slowly sinking. Even the US military is like that. I was reading an article that a Washington Think Tank released where they say if US entered any war with any of the existing powers today, they only have 7 days worth of strategic weapons! And war was something else US started with countries that tried dumping US dollar to prevent it (eg. Libya, Iraq, Syria, etc.).

This sounds like a conspiracy theory, which maybe it's a real east bloc clash with the west bloc, was WW3 planned and scheduled?
To be honest, your thread has a correlation with this thread about Saudi Arabia trading in non-dollar currencies which is a connection with hegemony and a shift in economic control, if it is true that the US military's strategic ammunition only lasts 7 days, then what will the US do with the dollar? while US strength is no longer the same as before, this all happened because the US was the winner of the second world war, but today it is different that there are movements against the US such as China-Russia and the eastern bloc.
does this have anything to do with the conspiracy theory of The Great Reset, New World Order and the establishment of the World Economic Forum which is always held in Davos?

I don't want anything bad to happen, but maybe a revolution has to be made to make the world order better.

[ginsan]

why do we always have to mention world war lll at the end of every topic title, isn't that horrible to imagine.

Considering that many believe that World War 3 has already started it is not surprising to see it in different titles although it is not in every topic as you said.
Keep in mind that such wars don't have to always be in form of nuclear end of the world scenario. The cold wars involving economy, food security, energy war, proxy wars, etc. are all parts of that WW3 that you keep hearing.

I don't deny it will come true, before my thoughts were drawn to nuclear war.

But in one option, I believe that the current crisis will continue to depress the value of the dollar if there is a cold war between countries that have the power to throw away the US dollar and prefer to use other currencies. but did you know that all this time we are in an era that is continuously in a very chaotic situation because every item has a pretty fantastic price increase that was triggered by several factors included in WW3. Inflation will continue to occur and it's only a matter of time until we really see the dollar fall.

After covid, we switched to WW3, wasn't this planned or was this their scheme to kill the poor.



source: read here

[slapper]

I agree. A number of nations have been amassing gold reserves, which may portend a future in which the US dollar is not the world's most important currency. For decades, the US dollar has been the world's de facto reserve currency, but as other nations have grown economically, a more multipolar monetary system may be on the horizon.

Regarding the continuing economic war between the East and the West, it is true that there are various geopolitical conflicts at play that might impact global economic circumstances. The continuous spread of COVID-19 and the ensuing economic disruption has also contributed to these tense situations. It's important to remember, too, that forecasting the economy may be tricky since so many variables are at play and unexpected things can happen. Having said that, it is vital to maintain awareness and be flexible enough to deal with a variety of situations.

[Smartprofit]

Currently, in my opinion, there is no direct threat to the US dollar.

The modern financial system is designed in such a way that any serious global economic crisis leads to the fact that the US dollar is growing in price relative to other national currencies. The hostilities between Russia and Ukraine, the sanctions war, the cessation of natural gas supplies are destroying both the economy of these two countries themselves and the economy of Europe.

At the same time, the United States (remaining in a position above the fight) does not bear any economic, financial, or reputational losses. This ensures that the US dollar remains the world's reserve currency.

At the same time, gold, which in theory could become an alternative to the US dollar in terms of its physical characteristics, is poorly suited for use in everyday financial transactions, remaining mainly in the role of a conservative reserve asset.

[The Sceptical Chymist]

No surprise the USD is losing its status as the prime reserve currency.  The average US citizen has no clue about the extent to which the government is hastening the downfall of its currency.  We've got all of these insane monetary policies, not the least of which is all the money printing and debt accumulation.  The Fed and everyone involved in the creation of said policies are digging the US economy into a hole that nobody seems to have a clue how they're going to climb up out of.

I haven't looked at the price chart for gold lately, but I know it's fairly close to $2000 right now.  Is that at or at least near the ATH?  I'm pretty sure it is, because I remember gold going ballistic back in 2010-11 (and silver, too), but I can't remember if it ever hit $2k.

[Ozero]

Regarding the continuing economic war between the East and the West, it is true that there are various geopolitical conflicts at play that might impact global economic circumstances. The continuous spread of COVID-19 and the ensuing economic disruption has also contributed to these tense situations. It's important to remember, too, that forecasting the economy may be tricky since so many variables are at play and unexpected things can happen. Having said that, it is vital to maintain awareness and be flexible enough to deal with a variety of situations.

Some analysts and military experts believe that World War III has already begun in the world, which Putin's Russia actually started. Volunteers from different countries are fighting on the side of Ukraine, and more than 50 states are helping it financially, materially and with weapons. The colossal losses of Russians in Ukraine are forcing Putin to turn to mercenaries from Belarus, Syria and other countries, and Russia is buying weapons wherever it can. Over the past few days, Iran has already paid the price for deliveries of its drones and possibly ballistic missiles to Russia. Military tension is growing between China and Taiwan, Iran and Israel, India and Pakistan. Well, Russia is already threatening everyone around.

[Synchronice]

I think that the USA focused too much on the entertainment. In my childhood, kids wanted to become astronaut, scientist, doctor, engineer but now kids want to become youtubers, tiktokers, twitch streamers, gamers but these people don't play the role in the developing of our quality of life. I mean, random retard youtuber and tiktoker can't produce good, can't develop the medicine, can't invent new machine, can't improve our life.

American kids want to be famous on YouTube, and kids in China want to go to space: survey

Oh boy! Time to accelerate development of the YouTube killer. /s

But it's important to note that this study should not be taken as a generalization, and that you should not assume this is what all American kids want to be. If that was he case, the country would be all the lesser for it.

Definitely it's not taken as a generalization but I believe that this minority will quickly become majority. Call me an old-fashioned, even though I'm very young but I don't like how kids are addicted to gaming consoles, smartphones and don't play outside. These kids are the future and I wouldn't say that they are minority. Even what my generation mostly does is smoking weed, gaming, gambling and partying because their mothers and fathers are sacrificing themselves in the work to make a comfortable environment for their 20 years old kids.
Isn't this a real situation not only in the USA but in Europe too? No local one wants career in trades because immigrants are here to come and work in order to escape poverty in their countries. At the moment this works, old generation is mostly hard-working and responsible but I think this is the time when great times make weak men and these weak men will make bad times.

USA companies also manufacture products in China. At the moment it works, it's cheap and they get what they want but over time, china takes over the industry, they are producing skilled labor, they are making you dependent on them to get the final product. Soon they'll master the art of marketing and that's all.

I'm not anti west, I can't even be but I don't think the way we are going will let us to keep the dominance and high quality of life. If the USD wasn't a financial reserve, this country wouldn't be where it is today and to keep and remain in this position, it's time to wake up and resort priorities: Educated and strong population or dumb entertainment addicted people!

[BenCodie]

Currently, in my opinion, there is no direct threat to the US dollar.

The modern financial system is designed in such a way that any serious global economic crisis leads to the fact that the US dollar is growing in price relative to other national currencies. The hostilities between Russia and Ukraine, the sanctions war, the cessation of natural gas supplies are destroying both the economy of these two countries themselves and the economy of Europe.

At the same time, the United States (remaining in a position above the fight) does not bear any economic, financial, or reputational losses. This ensures that the US dollar remains the world's reserve currency.

At the same time, gold, which in theory could become an alternative to the US dollar in terms of its physical characteristics, is poorly suited for use in everyday financial transactions, remaining mainly in the role of a conservative reserve asset.

There is no direct thread to the US Dollar? Preposterous. Even if you overlook other countries from the picture, the US is the threat against its own currency! The global financial crisis is a prime example of this. The banking system is not made to support the dollar positively and yet it has so much control over its supply...politics are not looking out for the interests of its people but instead corporations that seek to exploit them. All three of these interests, banks politicians and corporations (it bears repeating for banks) might seem like they help the economy thrive however they do not in any way positively influence the long-term success of the US dollar, the country it represents or its people, and instead their behavior has lead the dollar to where it is today - upon imminent implosion.

[Hydrogen]

My initial kneejerk reaction to many years of de dollarization by nations of the world, was to assume the dollar would exhibit a linear decline in value, correlating with a linear decline in demand.

What happened instead, they were able to stabilize the US dollar through heavy purchasing of the asset on FOREX exchanges. While this type of behavior is nothing new, nations like china are known to dump the yuan in an effort to diminish its value to boost china's exports. It was a surprise to learn assets like fiat currencies can be compensated in such a fashion.

As a result, if we view FOREX exchange rates of the world, many global currencies are significantly weakening versus the US dollar. Rather than the US dollar failing in power versus foreign currencies. The US dollar is staying strong, while other currencies of the world decline by a high rate. It is a very strange case of role reversal.

[Coin Gorilla]

It's a cyclical process, as explained by Ray Dailo, we reaped the benefits of dollar strength for almost a year, and now it's slowly self-balancing. IDK, when I look at the past patterns and pointers, it sort of makes sense when you move away from it and take a look at the bigger picture.