The Dedollarisation is on the road

[electronicash]

I wouldn't call "dedollarisation" the process which you are describing.
It's just a bunch of countries with totalitarian regimes deciding not to use US dollars. Most of those totalitarian regimes (excluding China) are under western sanctions, so they are trying to show muscles by saying "F**k U!" to the USA and the US dollar.
Does it work? Not really. Is the US dollar under danger because of this? I don't think so. At least not in the upcoming several decades.
I don't mind the US dollar losing a part of it's global dominance. The USA has been exporting inflation for the last 20 years. Maybe this process would lower the global inflation levels, because the world would become less dependent by the money printing machine of the Federal Reserve.

its always printing money as solution but eventually devalues https://youtu.be/ABg3A7yuqAk?t=143

same reason why they started dedollarization because of the inflation that affects all other countries using the USD. before inflation takes the economy to the ground, BRICS may haave to start a unified rules and policies for the countries involved and only them benefits. but because it will take years, governmnets around the world has time to decide.

i think BTC will win over thier currencies they are making though.

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[jrrsparkles]

Maybe it won't happen for atleast in the next 10 years and I assume after that there will be no world reserve currency in my opinion. USD used to be one of the strong currency in the past century because they maintained to print low as much as possible but since 2020 everything changed and they printed more than they did for two decades if I am not wrong.

Still those shitcoins created for international trades may not work as such USD because it has no value beyond their borders so we can see Dollarization only if every country throws out USD for international trades.

[LeGaulois]

I may be ignorant, but I doubt Brazil or Argentina are totalitarian regimes.
A bunch nowadays but most of them in the future. It's something that of course can't happen overnight. They do it because of the US sanctions, but the problem starts when too many countries will be under US sanctions.
And it's not only about sanctions because countries like India have other purposes

Why?
Because it's a matter of to be the "super economic power" worldwide. Countries have been doing it since the end of the cold war. And that's what the USA are aggressively doing since Bill Clinton, more after the financial crisis in 2008, and it was more clear during Trump.
So, countries have been disadvantaged in their economic and financial plans by the use of the dollar

Follow the money. Countries need an alternative for economic and financial reasons.

[franky1]

when only the US are the ones handing out international penalties.. i find america are the totalitarians.

we see fox news shout about china being totalitarian. but china have many special economic zones that do things different than the capital of china

yea fox news shouts out how china has 1m Uyghurs detained.
but america have more then 1m mexicans detained

and how many natives did america castrate, make infertile and kill off in america's civilised history.. too many
..
back to todays details..
1.4b population with 1m minority in detainment.
vs
300m population with 1mb minority detainment
the country with 300m is the one with a bad % detainee count

we see fox news pretend that china "watches everyone"
london has more cameras per mile than anywhere else

also the "one app currency"
sorry but there are many apps many payment platforms. heck you can in any country you like test this out. simply download those apps and se if they are asking for a biography of your life.
also go to any vacation travel service that offers currency exchange and ask for paper fiat money of chinese denominations.. and you will get it. meaning china is not what fox news has taught people about china

im british and yet even i travel and explore and see cultures. and i laugh when seeing media show hate at china

another thing LARGE CORPORATE america love china. they love how cheap produce it to export from china and import into the west

but those large corporations HATE competition so they propagandise china as the enemy small business should not be using and telling western small business to "build domestic". so that the western corps dont have to compete with western small business..  and that the main trick that has been played

china has more population and based on a real breadloaf+milk vs breadloaf+milk (insert any consumer good comparison if you dont like break or milk)

china is higher up the international indexes than people are made to think
they are only thrown down the list by the fakeness of the "dollarisation" conversion rates of SDR/forex

the future i see is not the IMF based on dollar continuing
but the BIS based on an M-bridge of many CBDC taking over monetary policy of worlds central banks