Dedollarization is here, like it or not

[Pierre 2]

I agree with main dedollarization argument. I think everyone in the world wants American hegemony on financial markets to end. So we will observe very strange dedollarization movements in coming years for sure. Its gonna be very slow process - I think if you are like 20-30 years old you probably will not see American hegemony ending. I also think this move may totally fail: Just ask consumers around the world about how they calculate their expenses, wages. Local currencies are very very unimportant. Most world governments look at usd or euro while fixing purchasing power in their own country. So dedollarization itself can become scam in coming years.

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[Smack That Ace]

I agree with main dedollarization argument. I think everyone in the world wants American hegemony on financial markets to end. So we will observe very strange dedollarization movements in coming years for sure. Its gonna be very slow process - I think if you are like 20-30 years old you probably will not see American hegemony ending. I also think this move may totally fail: Just ask consumers around the world about how they calculate their expenses, wages. Local currencies are very very unimportant. Most world governments look at usd or euro while fixing purchasing power in their own country. So dedollarization itself can become scam in coming years.

Just because we were born and raised in a world where America is at the top and in control of everything, and we always think in our heads that they are the strongest country and will never be defeated. But if we take the time to learn about world history, we will see before the US that many countries used to stand in the position that the US is, and they have also been defeated and replaced over time.

To be fair, no one can last forever or will always be on top forever. The US has brought down other countries to become No. 1, and that will happen again in the future, but the problem is we will never know when that will happen.

[Fiatless]

There will be many people who oppose your article who are American fanatics and always consider America more than their parents. But the reality is that de-dollarization is happening even though we don't know if it will succeed or fail. It's really happening, and it's scaring a lot of people. I don't care if the USD is dethroned or not, but I want a fair and balanced world rather than just depending on one great power, and they can do whatever they want. They are also just one country out of 200 other countries, they are not the creators of this world.

Variety they say is the spice of life. Let us have competitors that will offer other nations some incentive to join their financial bloc. I don't want the dollar to be dethroned but I want another currency to rise so that the weaponization of currencies will cease. How are we sure that China or Russia will not be more draconian if they succeed to dethrone the Dollars? We have been hearing this rumor for a long time maybe the 15th BRICS summit in South Africa will put an end to this speculation.

It might be difficult to implement a policy where every nation will be allowed to trade or make payments with their local currency without restrictions. This is because politics have become the main reason for this economic war between these world powers. Using Bitcoin for International trade might reduce all these needless superiority wars that are causing more harm than good in the global economic space.

[Ucy]

In regards to the last part of your post.
I think, intelligence rather than force could also be used by dominant country to assert its dominance. Even though a more dominant force can be a sign of higher intelligence.
The two are main ways to know which country's currency will remain or become dominant. I would have given it to Russia but she doesn't seem to be interested in strong currency or imposing her will on others. I think the Head isn't that ambitious. It's more about the preservation of past glory or holding on to the past. A mere destruction of the statues of their past heroes would piss him off more than insults from weak Nations

[stompix]

Lol. You guys used to get on well with each other, right?  

Not really, but it went all south when those stupid Americans with their stupid garbage American weapons that can't hit a thing turned the former leader of ISIS, my bad IRCG, (same shit) into kotlet. Then it went around the globe and further south when instead of downing a F35 as they claimed it turned the next day they hit a civilian plane with their mighty weapons. Since I made fun of him over and over he ended up ignoring me!

But I like to think of it as Yin and Yang.
He comes with the propaganda, I come with facts and debunk it.
He spills venom right and left about Europeans dying of hunger, cold, thirst and raccoon bites, I came with positivity.  
Isn't life fun? Of course, not if you're executed if you wear jeans in a public place!  

Regarding the subject in question, it is true that we hear a lot more nowadays of various countries proposing an alternative to the dollar and even starting to make some trades with alternative currencies. To what extent they may succeed remains to be seen.

The weird part is that I don't see the change right here, exactly by the same people claiming the dollar is dead, I mean everyone is in:

Signature Campaign > Up to $x/week

Isn't weird to hate the dollar, despise it but still agree to get paid by its value?  
There is propaganda, and there is reality!

[kryptqnick]

The current war is between Russia and Ukraine. Calling it a "Russia-NATO" war is not only inaccurate, but also taking away all the subjectivity of Ukraine in a completely unjust way because the vast majority of the fighters are Ukrainians and same goes for civilian casualties. NATO countries are giving a lot of military support to Ukraine, but no NATO armies are actually deploying troops and fighting against Russia in any capacity, which once again makes the formulation incorrect.
As for dedollarization, it really doesn't seem that countries are giving up on the dollar on a significant scale right now to talk about the USD losing its leading position.

[bluebit25]

(...)
A much more important question is whether United States has the military capability to start a war to prevent dedollarization?
From what we've seen over the past 2 decades, and how US military policy has been proxy wars; I'd say NO.
But this doesn't mean we aren't going to see more conflicts like the ongoing Russian-NATO war, this means we will see more proxy wars where US stands back while others fight and destroy their own countries (eg. China-Taiwan).

I cannot speculate on the possibility of the US military starting a war to prevent the dollarization of foreign currencies. It is worth noting that the US military has historically favored a strategy of proxy warfare, whereby allies or client states are supported in lieu of direct intervention. Nevertheless, it is possible that we may see more conflicts where the US is involved in a supporting role while other parties do the fighting. Ultimately, the decision to engage in military action would depend on a variety of complex political, economic, and security factors.

[Bitcoin2009]

It must be admitted that currently the position of the dollar is still too strong when compared to any other currency, even when European countries use EURO with the main goal of becoming the largest currency, it turns out that it has decreased in value with the dollar, and in my opinion, as long as the USA is still a strong country, of course they will protect the dollar. .

[Smartprofit]

In regards to the last part of your post.
I think, intelligence rather than force could also be used by dominant country to assert its dominance. Even though a more dominant force can be a sign of higher intelligence.
The two are main ways to know which country's currency will remain or become dominant. I would have given it to Russia but she doesn't seem to be interested in strong currency or imposing her will on others. I think the Head isn't that ambitious. It's more about the preservation of past glory or holding on to the past. A mere destruction of the statues of their past heroes would piss him off more than insults from weak Nations

It's not that Russia is not interested in a strong ruble. 

As a result of international economic sanctions, Russia's foreign exchange earnings from the sale of hydrocarbons and other commodities are falling. 

At the same time, there is a growing need for expenditures denominated in the national currency (Russian rubles).  This is due to military spending and the cost of restructuring the Russian industry, which has been hit hard by international sanctions. 

Therefore, the depreciation of the Russian ruble against the US dollar is an objective process.  In the near future, we will probably see the rate of 1 US dollar = 100 Russian rubles.

[wajik-tempe]

Dedollarization may be a fact but I think it will be a very slow process. The U.S. dollar is so pervasive as a reserve currency that it has become an integral part of the economic infrastructures of every country in the world.

I think we are looking at decades rather than years.

I agree with your point of view. Given the global financial system's complexity and interdependence, dedollarization is a long process that requires careful planning, coordination, and consensus across countries. While there is a rising interest in alternatives to the US dollar, the move away from dollar supremacy is likely to take a long time.

[Frankolala]

De-dollarization is already happening and nobody will notice it because it has small or no significant on US economy presently,but I believe that at the passage of time and the failure for countries to use dollar for most global transactions, it will be noticed.

I believe one thing that is constant in life is changes which can contribute to people dumping the USD for an alternative currency due to the fact that US is always manipulating the dollar value for their own benefit. If countries like Saudi Arabia is selling crude for Yuan and convert it to gold with some other countries,then I think that there is an underground plan going on between this set of countries to shy away from US dollar.

[slapper]

This discussion is like unravelling the threads of an intricate tapestry. Of course, the story of dedollarization predates the recent spat between NATO and Russia. It's an exciting mix of economic theory, political manoeuvring, and—dare I say it?—financial melodrama. Seeing emerging economic blocs like BRICS seek for alternatives is like seeing a sequel to The Avengers, with each member country bringing its own special set of strengths to the table. It really drives home the need of teamwork to me. The haste to dedollarize is reminiscent of the resurgence of a disco classic from the 1970s.

It's plain to see that we're speeding along 'Dedollarization Boulevard' like a hyperactive youngster on candy. The coordinated dance of countries diversifying their dollar reserves, seeking non-dollar currencies, and even exploring gold-backed currencies is impressive. The music just isn't as upbeat this time around. And my, dedollarization is really going to cause a stir. A question worth a trillion dollars is how the United States will react to these developments. It's impossible to exclude the chance that this will spark a crisis in the U.S. dollar or widespread societal unrest. It would appear that we are all just riding along on this roller coaster, not knowing where it will end up.

[cabron]

The rate of Yuan being used in trade is growing as a result of dedollarization means its gradually working. It is however worrisome because not every country sees Chinese Yuan to be different from USD as global reserve currency . Its still going to be owned by a country whose also capable of controlling and Yuan is not a neutral currency for all.

While dedolarization is happening, something is also brewing to happen as currencies all over the world are likely to turn into digital because countries are developing CBDCs.

China opening its door to crypto thru Hongkong can be the start of BTC jumping onboard to be among the alternative for global reserve currency. Tiny steps for BTC to dominate them all.

[southerngentuk]

There are many countries eager to reduce the dominance of the US dollar in the global financial system, but the process is complex and faces significant hurdles. As for the role of the US dollar as a major reserve currency, I think it has evolved over the decades and provides stability, liquidity, and a widely accepted medium of exchange for currencies. international trade. Moving away from the dollar requires alternative currencies or mechanisms to achieve similar levels of trust and acceptance. So de-dollarization efforts can continue, but it is difficult to predict the exact trajectory and outcome. After all, as with any major financial or economic shift, the effects of de-dollarization will likely be nuanced and vary across different regions and sectors.

[BIT-BENDER]

Dedollarization may be a fact but I think it will be a very slow process. The U.S. dollar is so pervasive as a reserve currency that it has become an integral part of the economic infrastructures of every country in the world.

I think we are looking at decades rather than years.

That's true, yes it's possible to have a world where the dollars is not dominant but the US dollar has held it's dominant spot for a very long time so it would not be an easy process for it to get unrooted from that sport.

Although it may be possible but it won't be another nation's currency that would be taking that spot I believe the value of exchange may be pegged at natural resources like what the late Libia presented wanted it to be Gold, this may still be possible.

[goldkingcoiner]

The main effect this is having on the world is the further adoption of Bitcoin. Once people understand that their USD is becoming worthless, they will trade it in for Bitcoin. Time and time again, Bitcoin has proven itself as an amazing hedge against all kinds of inflation. Whether by nature manipulated or not.

I see this as an amazing opportunity. Anyone who is investing into Bitcoin now is going to wish they bought even more.

Once the whole CBDC timeline flops, as it will, because it goes against everything Blockchain stands for, then and only then will people start understanding how important a decentralized and unregulatable store of value actually is, in reality.

This is the best time for Hodlers.

[Darker45]

It is here. It has been here. And for decades already. It isn't something that arrives all at once. Just like China's yuan that took decades before it finally competed against the USD, dedollarization is going to be a long process. And the movement won't be linear. There will be ups and downs.

I have watched old videos, some taken way back mid-1900s, and they were already talking about the weakening or even the fall of the US dollar. So far, the US dollar remains strong until today.

In my country, the dollar is growing stronger against the local currency. Well, it may be largely caused by the poor economic management within, but it must also speak of the continuing influence of the USD.

To be honest, I think I'd rather that USD remains more powerful than the Chinese yuan. Both are dirty, of course, but I guess the latter is much dirtier.

[Faisal2202]

A much more important question is whether United States has the military capability to start a war to prevent dedollarization?
From what we've seen over the past 2 decades, and how US military policy has been proxy wars; I'd say NO.
But this doesn't mean we aren't going to see more conflicts like the ongoing Russian-NATO war, this means we will see more proxy wars where US stands back while others fight and destroy their own countries (eg. China-Taiwan).

I do not know what are your beliefs and feelings against the USA, but i am not a USA citizen and from what i have heard and read from the news in my cycle, and from what i have learned so far and from my experience, the USA will really find a way to squash them all as you have said France is already facing consequences and Russia has also faced some when they tried to take INR instead of US dollars and then they have no other means to use those INR, and now they have useless Indian currency. (source). After using INR now they have shifted to Yuan and i think they will face the same again. The point is, the US economy is very strong despite the fact that they are facing several banking crises and debt ceiling problems but eventually, they will overcome them and will come up with such the bold moves that they made when Saddam Hussain declare to use the Pond as a payment method instead of US dollar in Iraq for the trade of their Oil and US invaded Iraq after that with the slogan (mission name " freedom of Iraq" something like that)

I hope you get the answer to your question about the military capability of the US to start a war against dedollarization. But the interesting thing or climax is, at that time it was only one country and now its a group of atomic countries which have bound to one aim, and in my point the US will not make the mistake of using military equipment against dedollarization scheme instead they will play politics and other things to deal it.

[DrBeer]

A much more important question is whether United States has the military capability to start a war to prevent dedollarization?
From what we've seen over the past 2 decades, and how US military policy has been proxy wars; I'd say NO.
But this doesn't mean we aren't going to see more conflicts like the ongoing Russian-NATO war, this means we will see more proxy wars where US stands back while others fight and destroy their own countries (eg. China-Taiwan).

I do not know what are your beliefs and feelings against the USA, but i am not a USA citizen and from what i have heard and read from the news in my cycle, and from what i have learned so far and from my experience, the USA will really find a way to squash them all as you have said France is already facing consequences and Russia has also faced some when they tried to take INR instead of US dollars and then they have no other means to use those INR, and now they have useless Indian currency. (source). After using INR now they have shifted to Yuan and i think they will face the same again. The point is, the US economy is very strong despite the fact that they are facing several banking crises and debt ceiling problems but eventually, they will overcome them and will come up with such the bold moves that they made when Saddam Hussain declare to use the Pond as a payment method instead of US dollar in Iraq for the trade of their Oil and US invaded Iraq after that with the slogan (mission name " freedom of Iraq" something like that)

I hope you get the answer to your question about the military capability of the US to start a war against dedollarization. But the interesting thing or climax is, at that time it was only one country and now its a group of atomic countries which have bound to one aim, and in my point the US will not make the mistake of using military equipment against dedollarization scheme instead they will play politics and other things to deal it.

Remember that for the supporters of "de-dollarization" - if you have facts, you give arguments, you can soberly assess the situation, express your thoughts and think - you are definitely a "pro-American puppet" and "adorer of the USA"
I have been laughing at these dedollarizers for many years and probably decades. People live in anger and envy towards the USA (or rather towards the free world, the world of opportunities), constantly inventing fairy tales for themselves about the "collapse of the USA". But at the same time, very often they themselves live in countries where there are no prospects, where everything is at the level, if not of the Stone Age, then of the past spiral of progress, where power is usurped and there are no freedoms. This, of course, infuriates them, and they have to self-satisfy with self-hypnosis about the collapse of the United States. Although they could take and make their country better than the United States. But this is a difficult path, you have to work, think, fight... And a simple neurosimulation is simple and does not require effort

PS Bringing them some facts is useless

[Shortmaster]

A much more important question is whether United States has the military capability to start a war to prevent dedollarization?
From what we've seen over the past 2 decades, and how US military policy has been proxy wars; I'd say NO.
But this doesn't mean we aren't going to see more conflicts like the ongoing Russian-NATO war, this means we will see more proxy wars where US stands back while others fight and destroy their own countries (eg. China-Taiwan).

I do not know what are your beliefs and feelings against the USA, but i am not a USA citizen and from what i have heard and read from the news in my cycle, and from what i have learned so far and from my experience, the USA will really find a way to squash them all as you have said France is already facing consequences and Russia has also faced some when they tried to take INR instead of US dollars and then they have no other means to use those INR, and now they have useless Indian currency. (source). After using INR now they have shifted to Yuan and i think they will face the same again. The point is, the US economy is very strong despite the fact that they are facing several banking crises and debt ceiling problems but eventually, they will overcome them and will come up with such the bold moves that they made when Saddam Hussain declare to use the Pond as a payment method instead of US dollar in Iraq for the trade of their Oil and US invaded Iraq after that with the slogan (mission name " freedom of Iraq" something like that)

I hope you get the answer to your question about the military capability of the US to start a war against dedollarization. But the interesting thing or climax is, at that time it was only one country and now its a group of atomic countries which have bound to one aim, and in my point the US will not make the mistake of using military equipment against dedollarization scheme instead they will play politics and other things to deal it.

Remember that for the supporters of "de-dollarization" - if you have facts, you give arguments, you can soberly assess the situation, express your thoughts and think - you are definitely a "pro-American puppet" and "adorer of the USA"
I have been laughing at these dedollarizers for many years and probably decades. People live in anger and envy towards the USA (or rather towards the free world, the world of opportunities), constantly inventing fairy tales for themselves about the "collapse of the USA". But at the same time, very often they themselves live in countries where there are no prospects, where everything is at the level, if not of the Stone Age, then of the past spiral of progress, where power is usurped and there are no freedoms. This, of course, infuriates them, and they have to self-satisfy with self-hypnosis about the collapse of the United States. Although they could take and make their country better than the United States. But this is a difficult path, you have to work, think, fight... And a simple neurosimulation is simple and does not require effort

PS Bringing them some facts is useless

Let's look at facts, the USA wall Street heavily in china and emerging markets they have opened door for west capital to flow in asian markets.
But what they get on return ? Off course USD ...so while everybody getting rid of dollars the richest guys receiving your dollars.
Investors buy asia china currency and assets and everything...for their dollars.
For me it's clear the richest elite the top ruling class is after your dollars and after they can say well guys we cant do nothing about china just crashing you Lost but thanks all of you for the dollars.
And then they say....allright we got all ur dollars...let's make it dollar Strong again 😁.
Im not falling in devils tricks