I hear de-dollarsotaion over and over again it's funny

[Gyfts]

Smart question Will be when we Will see USD Market trading pairs being removed halted or replaced by other currencies?
It's just funny becouse USD still dominance the markets and not any time in future this not going to be changed.

USD was not built overnight. It's collapse won't happen overnight either. I don't agree that a USD collapse is imminent. I do believe long term it is a sinking ship, and it's advisable you jump ship early. Don't expect the markets to fall tomorrow, or even years from now. The scale exists longer than that.

Use common sense and look at basic metrics behind USD -- the currency is not sustainable. Current debt-to-GDP ratios are too high, year after year, with no sign of an economy that will grow or spending that will reduce, and the central banks have decided to opt in for money printing as a substitution to economic growth. Do you see USD as being anything but viable?

[1714996241]

1714996241

[darkangel11]

IMO USD is in a bad shape and the FED fucked itself up with Covid lockdowns. They were already printing a lot and this meant increased inflation that they'd have to curb at some point, but then we had that covid problem and they overreacted. They made people stay at home, limited their ability to work, travel, have fun, locked some of their spending. Spending means money in the economy and more taxes paid, but the government disturbed that flow and printed even more to restart the engine. There came Powell with the idea to go hard and show how they can keep increasing rates for a whole year, but as we all can see this did not work. Unemployment isn't going up, spending isn't going down and the longer they do this the more the markets know they pivot is near.
Of course China and Russia are spreading rumors about dollar losing its reserve status and so on because they want it to be weaker and weaker so that more countries choose to trade with them, preferably in their new unified currency.

[karabiber]

This financial rodeo is definitely chock-full of FUD and FOMO, creating a never-ending whirlwind of emotions. It's like we're all living in a soap opera, isn't it?

Spot on about the USD. It's the kingpin, the top dog, the big cheese - you get the drift. Knocking it off its high horse isn't going to be a walk in the park. But hey, life is full of surprises! Who knows, we might wake up one day trading in a completely different currency pair.

About BRICS – you say it's a joke, but hey, sometimes life has a weird way of turning jokes into reality. Remember, the turtle did win the race against the hare! So, let's not write off these nations just yet. The plot could always thicken, you know!

The Bretton Woods international monetary system determines the rules to be followed in commercial and financial transactions between the world's leading states. This system was put into practice for the first time in world history as a result of the independent nation-states agreeing on a common monetary order among themselves.
The backbone of this system is the dollar and you cannot remove the dollar from the global system. De-dollarisation rumors are pure bullshit and have nothing to do with FUD. Either the dollar must continue to be used or a new Bretton Woods must be created. It has no other chance.

[cryptomaniac_xxx]

While these news aren't really FUD but it's up to the listeners and readers if they'll be scared of such news. They all keep on talking about de-dollarization but it won't happen on an instant. The BRICS might be one of the biggest alliances that's focusing in removing USD with its dominance but it will take time and that's the reality. As your sentiment goes for real that the pairs with trades for USD won't be gone and removed quickly, only time will tell if it will happen or if the USD will be stronger out of these situations.

I've heard about BRICS many years ago, and so far I would say that they are still non-factor as far as the so called that they will be the next biggest superpowers to challenge US.

Not defending the US, but the challenge to topple them but take at least 50 years in the making, that's why the supposedly de-dollarsotaion hasn't been seen or felt up to this day. US dollar will remain as it is, until it is toppled down.

[Shortmaster]

While these news aren't really FUD but it's up to the listeners and readers if they'll be scared of such news. They all keep on talking about de-dollarization but it won't happen on an instant. The BRICS might be one of the biggest alliances that's focusing in removing USD with its dominance but it will take time and that's the reality. As your sentiment goes for real that the pairs with trades for USD won't be gone and removed quickly, only time will tell if it will happen or if the USD will be stronger out of these situations.

I've heard about BRICS many years ago, and so far I would say that they are still non-factor as far as the so called that they will be the next biggest superpowers to challenge US.

Not defending the US, but the challenge to topple them but take at least 50 years in the making, that's why the supposedly de-dollarsotaion hasn't been seen or felt up to this day. US dollar will remain as it is, until it is toppled down.

It's not serious and we see how much power USA gain by the years look at Even the USA biggest funds whos in crypto.
Also the Biden...old and weak to show others it's just the trick somehow for powers to be it's important to show to the world...." Look everybody USA IS getting weak " " look at our old weak joe Biden" lol... It's so fake i can see through this.
So it's like poker game.... Show the weakness and then attack.

[el kaka22]

I do agree that it is not going to happen, I mean not because dollar won't devalue, look at inflation and prices of things and you will see how it drops in value. Dollar is mismanaged and a terrible currency and I am on bitcoin because of that, don't get me wrong thinking I am supporting dollar in any way or shape, it is terrible and take all your money out, put it on gold if you do not trust bitcoin but get out of dollar for sure, it is a terrible currency.

But we have tow things, first of all other nations can't afford to de-dollarize themselves, there is no way that they can do that and still be a big economy, they need the money coming from USA without a doubt, when it doesn't come, they bankrupt. Secondly, other currencies are even worse than Dollar, even though Dollar is terrible, others are even worse, that's their benefit, if others did just decent, not even good, just decent, they would have been better.

[Uruhara]

In historical records, we can see that there have been several changes in the world's reserve currency in the current financial system. And it's not impossible if one day the dollar is replaced by another currency. Before the dollar, we also knew that the pound sterling had become the world's reserve currency which was quite dominating. and then change to dollars. but we won't know if there will be another switch.

It's just that for now I agree that the US Dollar will probably still dominate the world market for quite a long time to come. but I do not guarantee forever. Currently China and Arab countries have economic power that continues to grow rapidly. then it is not impossible if then the US Dollar will be replaced in the future by one of the currencies of the most advanced countries in the future. I personally am still comfortable with the current US Dollar. and I'm actually worried about the period of transition or replacement. which always begins with economic chaos. and I hope the world economy becomes more stable from now on.

[South Park]

In historical records, we can see that there have been several changes in the world's reserve currency in the current financial system. And it's not impossible if one day the dollar is replaced by another currency. Before the dollar, we also knew that the pound sterling had become the world's reserve currency which was quite dominating. and then change to dollars. but we won't know if there will be another switch.

It's just that for now I agree that the US Dollar will probably still dominate the world market for quite a long time to come. but I do not guarantee forever. Currently China and Arab countries have economic power that continues to grow rapidly. then it is not impossible if then the US Dollar will be replaced in the future by one of the currencies of the most advanced countries in the future. I personally am still comfortable with the current US Dollar. and I'm actually worried about the period of transition or replacement. which always begins with economic chaos. and I hope the world economy becomes more stable from now on.

I think it is a given that at some point a change at the top will happen simply because that is the way things work, it is impossible for any country to remain at the top forever as eventually the politicians running the country will make too many mistakes while other countries take the right decisions at the right time, this is how the US became the most powerful country around the world and it is the same process which will eventually replace it, however I do not think this will happen soon as all the countries which want to take the spot away from the US have way more issues and do not have what is necessary for their currencies to become the reserve currency of the world.

[Uruhara]

In historical records, we can see that there have been several changes in the world's reserve currency in the current financial system. And it's not impossible if one day the dollar is replaced by another currency. Before the dollar, we also knew that the pound sterling had become the world's reserve currency which was quite dominating. and then change to dollars. but we won't know if there will be another switch.

It's just that for now I agree that the US Dollar will probably still dominate the world market for quite a long time to come. but I do not guarantee forever. Currently China and Arab countries have economic power that continues to grow rapidly. then it is not impossible if then the US Dollar will be replaced in the future by one of the currencies of the most advanced countries in the future. I personally am still comfortable with the current US Dollar. and I'm actually worried about the period of transition or replacement. which always begins with economic chaos. and I hope the world economy becomes more stable from now on.

I think it is a given that at some point a change at the top will happen simply because that is the way things work, it is impossible for any country to remain at the top forever as eventually the politicians running the country will make too many mistakes while other countries take the right decisions at the right time, this is how the US became the most powerful country around the world and it is the same process which will eventually replace it, however I do not think this will happen soon as all the countries which want to take the spot away from the US have way more issues and do not have what is necessary for their currencies to become the reserve currency of the world.

Well I agree with that. Because America is actually still as strong as ever. even the issues of recession and all the drama about America nearly defaulting on its debts are only part of an economic or political strategy. I don't know for sure. but because this has happened quite often but in the end America always gets it right at the right time. although in the end there will be a country that surpasses America one day, but maybe it won't happen in the near future. so yeah, I agree that the dominance of the dollar will not end quickly and it will last for a longer period of time. even today some countries that do not have their own local currency still choose to use dollars for example el salvador and several other countries.

[Captain Corporate]

Just because "america gets away with it" doesn't mean that its a good thing. I mean if you murder someone and get away with it, is that a good thing you did? Its still a horrific thing. America gets away with it because nobody can tell them to stop, all that holywood and culture stuff they have going on made them the biggest, not the guns, not the airplanes and drones, it was the culture that made them so big because everyone either hates them or loves them and yet they all have an opinion. Obviously showing off their military power once every 20 years helped them get there very much quicker too. They are doing terrible, but nobody can stop them so they are getting away with it. Well I am glad we have crypto, I can just keep my money there and don't need no dollar, its "de-dollarisation" for me enough, don't need any more of that.

[Darker45]

Well, the US dollar has already been replaced in certain trades between countries. Dedollarization is happening right now. But it doesn't necessarily mean that the end of the US dollar as a global currency is near, although I believe that if the US will continue to weaponize it against other countries, it will hasten the entire process.

I'm not a huge fan of this BRICS thing also, but it simply can't be underestimated. It's actually made up of the world's largest economies. China and India are the largest economies in Asia. Brazil is the largest economy in South America. South Africa is the second largest in Africa. Saudi Arabia, the largest economy in the Middle East, is also expressing interest to join BRICS.

Imagine if all of these countries will completely shun the USD in all of their trade activities.

[Renampun]

It's just funny it seems to me someone who really want to buy our dollars spreading this rumours.
Don't forget one thing in financial world all the news are either fud or FOMO nobody dont give here news just to inform others.

Smart question Will be when we Will see USD Market trading pairs being removed halted or replaced by other currencies?
It's just funny becouse USD still dominance the markets and not any time in future this not going to be changed.

And...brics..nations..china...russia..india...lol..give me brake.... it's joke.

this is not just a joke, this is a real threat to the USD denomination on the international market. Just imagine if many countries de-dollarized and shifted their economic direction to China? it would simply depreciate the value of the USD significantly.

so don't assume that the superiority of the USD will last forever, it will be lowered sooner or later, countries will definitely think which one is the most profitable for them, and maybe leaning on China now it is benefiting them the most as many countries in Africa and Asia region do and dedollarization is their best bet.

[Swordsoffreedom]

IMO USD is in a bad shape and the FED fucked itself up with Covid lockdowns. They were already printing a lot and this meant increased inflation that they'd have to curb at some point, but then we had that covid problem and they overreacted. They made people stay at home, limited their ability to work, travel, have fun, locked some of their spending. Spending means money in the economy and more taxes paid, but the government disturbed that flow and printed even more to restart the engine. There came Powell with the idea to go hard and show how they can keep increasing rates for a whole year, but as we all can see this did not work. Unemployment isn't going up, spending isn't going down and the longer they do this the more the markets know they pivot is near.
Of course China and Russia are spreading rumors about dollar losing its reserve status and so on because they want it to be weaker and weaker so that more countries choose to trade with them, preferably in their new unified currency.

First, many people have always criticized the government for overreacting during the covid pandemic by restricting people's activities. But I want to ask you, if you are, do you have a more effective solution than the government during the pandemic? Maybe what they did was not quite right, but they tried their best to save everyone because everything came so suddenly. Even many politicians have died from the pandemic, what more can you expect from them? If we can't help, don't criticize other people's ideas either.

Coming back to the topic, you are correct in saying USD is in bad shape, and competitors like Russia and China are looking to devalue USD. I also don't like USD when it has dominated the world for so long and created a world imbalance. But to say that de-dollarization will succeed is an illusion. That will probably happen but not now and in the near future, USD's competitors need to work harder to beat it.
Things are going very badly, but I believe the US government is still controlling everything, and it may just be their game, look at how they got through the 2011 crisis you will see the outcome of the crisis this panic.

[Kelward]

Considering that I live in the Arabian Gulf, where the dollar is the currency used in conducting all commercial transactions for the sale of oil and natural gas, and perhaps it is the reason for the dollar being a global reserve currency or what is known as the petrodollar. interest rates without involving the countries that contribute to the globalization of the dollar, or at least taking into account the damage to their interests, and yet they do not want independent moves from OPEC.
unless the United States changes its foreign policies, I believe that more countries will be open to using more currencies in their monetary policies, and it may come to selling oil in local currencies.

I'm from Africa, and approximately 80% of our goods and service materials are imported from China. Despite the robust economy of China, African importers still uses USD for foreign exchange transactions with Chinese exporters. So it's amazing the strength and dominance of the dollar in international transactions. So it's reasonable that other countries will be trying to break this chain of USD dominance in international trades. But all the efforts towards this aim is yet to materialize.

[Captain Corporate]

Let the americans think they are untouchable, let them keep going as much as they possibly could, I feel like its going to be fair for them to actually end up with getting shocked by the world who stops using dollar eventually. I am not saying its going to be today or tomorrow, but as long as they keep having this much hatred towards them all the time, they are going to be alone eventually. Right now all the world aside from Americas and Europe already have heavily USA hating population, that's understandable considering how they have been. Right now, if we could somehow pit europe and USA go against each other, it will just tip the scale enough to make dollar devalued a lot more and going to hurt USA a lot. They are not aware of this, so its going to come as a shock when it happens.

[fuguebtc]

Considering that I live in the Arabian Gulf, where the dollar is the currency used in conducting all commercial transactions for the sale of oil and natural gas, and perhaps it is the reason for the dollar being a global reserve currency or what is known as the petrodollar. interest rates without involving the countries that contribute to the globalization of the dollar, or at least taking into account the damage to their interests, and yet they do not want independent moves from OPEC.
unless the United States changes its foreign policies, I believe that more countries will be open to using more currencies in their monetary policies, and it may come to selling oil in local currencies.

I'm from Africa, and approximately 80% of our goods and service materials are imported from China. Despite the robust economy of China, African importers still uses USD for foreign exchange transactions with Chinese exporters. So it's amazing the strength and dominance of the dollar in international transactions. So it's reasonable that other countries will be trying to break this chain of USD dominance in international trades. But all the efforts towards this aim is yet to materialize.

America's domination of our world is over 100 years old and, as far as I can remember 103 years, so it's no surprise that all world trade uses USD and USD as world currency. But nothing lasts forever, I also welcome that some countries are trying to create a new economic bloc to break the domination of the USD, although it is just the beginning, and there are no positive results. Maybe this time Russia and China will not succeed, but this shows that the US is increasingly losing credibility in the international arena, and the intention to overthrow the dollar will rise again in the future is inevitable.

[DrBeer]

This financial rodeo is definitely chock-full of FUD and FOMO, creating a never-ending whirlwind of emotions. It's like we're all living in a soap opera, isn't it?

Spot on about the USD. It's the kingpin, the top dog, the big cheese - you get the drift. Knocking it off its high horse isn't going to be a walk in the park. But hey, life is full of surprises! Who knows, we might wake up one day trading in a completely different currency pair.

About BRICS – you say it's a joke, but hey, sometimes life has a weird way of turning jokes into reality. Remember, the turtle did win the race against the hare! So, let's not write off these nations just yet. The plot could always thicken, you know!

The Bretton Woods international monetary system determines the rules to be followed in commercial and financial transactions between the world's leading states. This system was put into practice for the first time in world history as a result of the independent nation-states agreeing on a common monetary order among themselves.
The backbone of this system is the dollar and you cannot remove the dollar from the global system. De-dollarisation rumors are pure bullshit and have nothing to do with FUD. Either the dollar must continue to be used or a new Bretton Woods must be created. It has no other chance.

A very good clarification. The key point is a system, and a system coordinated by the largest and strongest economies in the world. Those participants who have a real influence on the world economy.

BRICS, the Customs Union and similar formations are not the level of the Bretton Woods international system. It is very far from the global influence on the international economy. And most importantly, even if the U.S. loses its status as a SUPER-GOVERNMENT, its place cannot be taken by someone from the list of "local fighters against the dollar" - their economies are not competitive, are not meaningful and are not self-sufficient to ensure the stability of the currency of international settlements. As much as they don't like it, it's a fact - only a currency with the same indicators of stability and comprehensive security can replace the dollar. There are no such currencies on the horizon. Even the Euro does not reach that level.

[CageMabok]

I'm from Africa, and approximately 80% of our goods and service materials are imported from China. Despite the robust economy of China, African importers still uses USD for foreign exchange transactions with Chinese exporters. So it's amazing the strength and dominance of the dollar in international transactions. So it's reasonable that other countries will be trying to break this chain of USD dominance in international trades. But all the efforts towards this aim is yet to materialize.

Because it is still difficult to decide on the dominance of the USD in international trade, that is what has caused several countries to unite again with the same goal of minimizing the dominance of the USD through international trade. But I also never imagined that it would be successful in the near future, because it is also still related to the trust of many people in the USD itself, so it is clear that it is difficult to eradicate its dominance in international trade.

Apart from that, every country also wants to advance their respective currencies through international trade so that their readiness to make the USD no longer dominate in the international trade arena will still be very difficult. Because such a thing clearly still requires the cohesiveness of several large countries with no different goals.

[maydna]

No one knows. You should not take it too seriously and better focus on yourself. The government is thinking about it and maybe it has preceded it but other countries haven't followed suit. And don't worry too much about the news you read because a lot of fake news just wants to make people worry.

I also heard about de-dollarization but I'm not affected and still focus on bitcoin only. It won't happen quickly but through a long process but I don't know. I don't want to think about it too much, either.

[DrBeer]

I won't. I've checked hundreds of facts from your posts and they all were lies and propaganda. Instead of providing credible sources, you keep falling lower and lower and don't even mention sources at all. I won't be spending my time to check just to find out it's a new batch of lies!

I think you are too harsh, for example, the news about the study of African languages from 2023 in several schools in Moscow seems to be quite true. Another thing is interesting - under what sauce it is served. Either our Ukrainian friend of Russian origin is a racist, or this is a manifestation of the neo-colonial thinking of a supporter of democratic ideals. I think this is an interesting experiment and a possible social lift for its future participants, knowledge of exotic languages may be the key to a successful high-paying career.

"English is a dead language, said Chairman Viacheslav Volodin during a meeting of the Council of the CSTO Parliamentary Assembly."
Read more at RBC: https://www.rbc.ru/rbcfreenews/64662d619a79474a54e5ba8e

“We are talking primarily about Swahili, these are three schools and one school - Amharic, plus we will introduce Yoruba and a number of other languages ​​a little later,” the director of the university said Maslov said at the round table “Russia-Africa: Prospects for Economic Cooperation” (quote according to TASS). It is assumed that from September at least more than 150 people in different schools in Moscow will study African languages.
In March, Alexei Maslov said that Swahili and Amharic were beginning to be taught as additional languages in Russian schools. Then he noted that this was not even in the days of the Soviet Union.
The teaching of Yoruba and Somali is being revived at ISAA MSU, Swahili, Amharic, Zulu and many others are being actively taught.
Against the backdrop of a crisis in relations with Europe and the United States, Russia is beginning to strengthen ties with African countries.

Those. Russia chose the vector to Africa, since it did not work with the EU, and other countries of the first world