People keep talking how weak dollar and how bad usa economy getting

[Shortmaster]

In reality it's a different USA dollar getting stronger and USA is now most influenced power in the world.
We can understood USA have most power in the world.
And dollar Even the russians dealing with dollars there was case that baltic country leader husband was dealing with russia and Also not even euro currency but dollars was used for deals.

Now people talking about bricks...that it's a backed by gold... right but who controls the gold Market? USA and UK comex its chigaco nyc and London If they want UK and USA they make gold price how they want.

The Putin x ping chuina and non of the bricks countries are not serious and looking funny until USA controls the gold price together with UK and controls the markets with USD trading currency mostly.

Even china and Putin knows they are fools and it's all circus


It's time to say how the things Are really happening in the world

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[Faisal2202]

In reality it's a different USA dollar getting stronger and USA is now most influenced power in the world.
We can understood USA have most power in the world.
And dollar Even the russians dealing with dollars there was case that baltic country leader husband was dealing with russia and Also not even euro currency but dollars was used for deals.

Now people talking about bricks...that it's a backed by gold... right but who controls the gold Market? USA and UK comex its chigaco nyc and London If they want UK and USA they make gold price how they want.

The Putin x ping chuina and non of the bricks countries are not serious and looking funny until USA controls the gold price together with UK and controls the markets with USD trading currency mostly.

Even china and Putin knows they are fools and it's all circus


It's time to say how the things Are really happening in the world

You are totally right about the huge reserves the UK and US have and how much influence the US has. But the point is, why are you talking about the UK while we are talking about US dollars? Does it mean the UK doesn't give shit or care about the US dollar? Well, that's just a confusion or query, you can assume.

Dedolarization is a topic discussed many times here, and all the time my answers were almost the same, and here the context of my answer remains the same, which is that dedolarization is not an easy thing to do, no matter what product our countries came up with; somehow they are so dependent on the US dollar that by weaken it they must be weaken themselves.

US really have developed so much power in the field of finance, and they have the most influential impact on the BTC price too, as we have witnessed in recent events. But the point is, I agree that the US dollar is getting stronger. Even recently, I read an article here on BTT in which the OP said that this temporary dedolarization is just a strategy to make the economy stronger. The point is that I also did not understand how that strategy works, but if that's true, then things will become simpler to understand now.

[coupable]

You are totally right about the huge reserves the UK and US have and how much influence the US has.

But one of the biggest crises of the dollar is that although the United States has the largest reserves of gold, the dollar is being printed at rates that exceed the reserves of gold allocated for that. There is a real crisis and everyone is aware of that. It can be said that the global economy is currently stuck with the dollar.

Dedolarization is a topic discussed many times here, and all the time my answers were almost the same, and here the context of my answer remains the same, which is that dedolarization is not an easy thing to do, no matter what product our countries came up with; somehow they are so dependent on the US dollar that by weaken it they must be weaken themselves.

After Putin's statements today at the conclusion of the BRICS summit about proposing unified currencies for the BRICS group, and after the increase of the BRICS member countries to include major global economies, I think this sounded the alarm for the dollar that still believes in the strength of the dollar.

[Shortmaster]

You are totally right about the huge reserves the UK and US have and how much influence the US has.

But one of the biggest crises of the dollar is that although the United States has the largest reserves of gold, the dollar is being printed at rates that exceed the reserves of gold allocated for that. There is a real crisis and everyone is aware of that. It can be said that the global economy is currently stuck with the dollar.

Dedolarization is a topic discussed many times here, and all the time my answers were almost the same, and here the context of my answer remains the same, which is that dedolarization is not an easy thing to do, no matter what product our countries came up with; somehow they are so dependent on the US dollar that by weaken it they must be weaken themselves.

After Putin's statements today at the conclusion of the BRICS summit about proposing unified currencies for the BRICS group, and after the increase of the BRICS member countries to include major global economies, I think this sounded the alarm for the dollar that still believes in the strength of the dollar.

Sure it makes a lot sense only for uneducated people and those who dont Understood how the markets works and financial fundamentals and mechacally how it works.
Off course Putin and chinh ping saying that they are against usa and west but the Same time they flash with gold backed currency around and tell to world they are so genius....but gold is controlled by USA and UK and USA are the biggest gold holder aswell.
World markets derivates futures contracts Are controlled by USA so until china or russia has no control over that they can't never beat the USA and to come out with so follish thing like bricks backed by gold ...it only shows that they think people around the world dont Understood nothing , but they dont Understood people getting smarter now days for example me Im very smart and my kids Will be also very smart.

[franky1]

In reality it's a different USA dollar getting stronger and USA is now most influenced power in the world.
We can understood USA have most power in the world.
And dollar Even the russians dealing with dollars there was case that baltic country leader husband was dealing with russia and Also not even euro currency but dollars was used for deals.

Now people talking about bricks...that it's a backed by gold... right but who controls the gold Market? USA and UK comex its chigaco nyc and London If they want UK and USA they make gold price how they want.

The Putin x ping chuina and non of the bricks countries are not serious and looking funny until USA controls the gold price together with UK and controls the markets with USD trading currency mostly.

Even china and Putin knows they are fools and it's all circus


It's time to say how the things Are really happening in the world

USA only holds the top spot of stats like GDP not by producing more real tangible products than rival countries.. but by fudging the numbers by printing money
they treat debt as an asset.

the US printed money to fudge their numbers as bigger. then declined to accept imports from rival countries who actually make products to make other countries numbers look worse.
but its just a bait and switch of bad accounting and thus is not realistic to real world produce exchanging hands(like food and material goods)

put it short
when america only has 330m population.. and india has 4x that in population.. how many loaves of bread do you think exchange hands and are produced. i guarantee you india win based on many products produced and sold.

DOLLAR is not top power because of value or or reasoning of trade. its top power due to politics, debt, false accounting and of law determining that other countries should measure their value/produce stats on american terms/conditions..

things like BRIC's want to have a different measuring stick

here is the thing

if a shop sells a loaf of bread for $200.. and people dont like it.. they create their own shop to sell more bread for [insert anything reasonable] to alot more populous

and thats what BRIC's is doing. setting up a new shop(market) with new prices

by america closing doors to the Middle east, Asia and Slavic countries its actually imprisoning itself

just count up the population of USA, canada, EU(under 1bill)
then count up the population of those countries forming BRIC's and you will see where the gross domestic PRODUCT totals will exceed which

[pawel7777]

In reality it's a different USA dollar getting stronger and USA is now most influenced power in the world.
We can understood USA have most power in the world.

Sure, but the question is if the US influence/power is getting stronger or weaker.
They have the strongest military, but it's a well-known fact that they've been struggling with recruitment. Most of their military recruits are openly there only for the money, free education and other benefits. They wouldn't be willing to die for their country. So in case of a full-blown military conflict, US would have to solely rely on the superiority of their technology and on their nuclear power.

Now people talking about bricks...that it's a backed by gold... right but who controls the gold Market? USA and UK comex its chigaco nyc and London If they want UK and USA they make gold price how they want.

Gold price can be manipulated but only to some degree. When the price of paper gold and the actual, physical gold are going in opposite directions, everyone will see through it.
As for the actual gold holdings, US is by far the largest holder. UK holds a lot on behalf of other countries. The problem is that those reserves have not been properly audited. There's a long-lived rumour that declared US reserves are massively overstated. If that's true - I don't know, but if significant amount was indeed missing, they'd never admit it, as it'd be against the national interest.

[jossiel]

It's going to be a whole new system for those that have been joining the new alliance of BRICS. Whatever they think is going to benefit them with mutual agreements, that's where they're going.

While for those countries that are coming into this partnership and alliance, they're all thinking of what's beneficial for them.

And you'll see that when the USA/UK and G7 alliance comes again on their own, who knows that those countries that are into BRICS might join them in as well. I am not into any of those alliances but I am saying whatever alliance a country sees beneficial for them, they will go there.

[rikybrosh]

Anything that we say here maybe don't have significant effect to what will happen in the future, let say we support dollar and say a good thing about it, it will be good sentiment that can make some people to keep save dollar. but country's regulation may bring significant effect that influence people behavior, people who trade in the world market always looking for profit, so I think if a currency can give them extra benefits such as profit, increasing value, or safeness then they will choose that currency.

[Darker45]

Or perhaps we're the fools. The joke's probably on us for choosing sides and defending them as if they're not part of the same fiat circus. Fiat is backed by nothing. That's the truth. Whether that's the Russian ruble or the Chinese yuan or the American dollar, they're all nothing but debts. The monetary standard we have today is nothing but foolery. Is there a currency right now that is fully backed by gold? Nothing.

Wherever you got it, forget about that rumor that BRICS would come up with a currency backed by gold. That's not going to happen.

[joniboini]

The Putin x ping chuina and non of the bricks countries are not serious and looking funny until USA controls the gold price together with UK and controls the markets with USD trading currency mostly.

Maybe you'll get higher quality discussion if you bring some reports or articles to discuss instead of saying relatively biased sentences like this. Don't get me wrong, I do believe any superpower country can control the price of an asset, but it is unlikely that their competitors don't know or don't do the same thing. At the end of the day, as a retail user, it is better to just expect both sides to win and prepare how you'll deal with the effects of their drama on your life.

[Fiatless]

Now people talking about bricks...that it's a backed by gold... right but who controls the gold Market? USA and UK comex its chigaco nyc and London If they want UK and USA they make gold price how they want.

The Putin x ping chuina and non of the bricks countries are not serious and looking funny until USA controls the gold price together with UK and controls the markets with USD trading currency mostly.

Majority of golds in Europe and the US didn't originate from their. They were mined in Mexico, Central America, South America and Africa and shipped to Europe and the US. There are no statistics on the amount of unmined gold deposits that still reside in these nations. There have been report of vast gold deposits in some parts of Africa. But according to to statistics by statista Australia, Russia and South Africa.has the highest gold reserves. The gold market can crumble if the market is flooded with suppliers.

https://www.statista.com/statistics/248991/world-mine-reserves-of-gold-by-country/

Even china and Putin knows they are fools and it's all circus

It's time to say how the things Are really happening in the world

Since 16 June 2009 when BRICS was founded they have not achieved much because of lack of consensus in policy formulation and implementation. They have been called toothless bulldog for their actions. We just have to wait and see what will be the outcome of these years summit.

things like BRIC's want to have a different measuring stick

here is the thing

if a shop sells a loaf of bread for $200.. and people dont like it.. they create their own shop to sell more bread for [insert anything reasonable] to alot more populous

and thats what BRIC's is doing. setting up a new shop(market) with new prices

It is better to have two shops selling bread than to have just one monopolizing the market. We need global competition among leading nations so that developing nations will have alternatives to choose from.

[Kakmakr]

I think the USA and some of the western countries are going to receive some push back from the BRICS countries, because BRICS are growing and more countries are joining it.

The USA are not the only country in the world that were affected by the impact of the war between Russia and the Ukraine. The Covid pandemic started a global meltdown in the economy of all the countries....and the war just made things worst. 

[coupable]

You are totally right about the huge reserves the UK and US have and how much influence the US has.

But one of the biggest crises of the dollar is that although the United States has the largest reserves of gold, the dollar is being printed at rates that exceed the reserves of gold allocated for that. There is a real crisis and everyone is aware of that. It can be said that the global economy is currently stuck with the dollar.

Dedolarization is a topic discussed many times here, and all the time my answers were almost the same, and here the context of my answer remains the same, which is that dedolarization is not an easy thing to do, no matter what product our countries came up with; somehow they are so dependent on the US dollar that by weaken it they must be weaken themselves.

After Putin's statements today at the conclusion of the BRICS summit about proposing unified currencies for the BRICS group, and after the increase of the BRICS member countries to include major global economies, I think this sounded the alarm for the dollar that still believes in the strength of the dollar.

Sure it makes a lot sense only for uneducated people and those who dont Understood how the markets works and financial fundamentals and mechacally how it works.
Off course Putin and chinh ping saying that they are against usa and west but the Same time they flash with gold backed currency around and tell to world they are so genius....but gold is controlled by USA and UK and USA are the biggest gold holder aswell.
World markets derivates futures contracts Are controlled by USA so until china or russia has no control over that they can't never beat the USA and to come out with so follish thing like bricks backed by gold ...it only shows that they think people around the world dont Understood nothing , but they dont Understood people getting smarter now days for example me Im very smart and my kids Will be also very smart.

I find it good that you think you belong to the category of smart people and your children will be too. Unfortunately, not everyone is smart, and there are still those who believe in a unipolar world. Even those who support the alliance of Russia and China believe in eliminating the US-European pole, and therefore believe in a unipolar world that is not led by America, and this, in my opinion, is the biggest mistake that anyone in the position of analysis makes.
The competition between the two poles is what can achieve stability in the global economy without this reaching the point of conflict. Just as it is important to diversify the forces between the poles of the planet, it is also important to diversify the currencies used in world trade. This does not mean completely abandoning the use of the dollar or replacing it with any other currency. Rather, the use of several currencies will help in the recovery of the current financial system, which suffers from successive crises due to the concentration of power in the dollar.

[cabron]

Money today and maybe for the next 25 years will not be backed by gold. Who knows what BRICS are planning but sure they couldn't just jump into a fiat-backed gold currency. One thing is for sure though and it's currently happening that countries today are bilaterally trading with their own currency and not USD.

If they are using their own currency to buy oil and commodities from each other, how can the US control that?   And if they could control that, why are they so worried?

[pawel7777]

Money today and maybe for the next 25 years will not be backed by gold. Who knows what BRICS are planning but sure they couldn't just jump into a fiat-backed gold currency. One thing is for sure though and it's currently happening that countries today are bilaterally trading with their own currency and not USD.

You mean gold-backed fiat currency? Why do you think it's an impossible scenario exactly? US had a gold-backed dollar for quite a long time until 1971. They moved away from it (and many consider that a mistake) but it's not like having such currency is impossible.

[Wimex]

I think that the fact that many international transactions are carried out in dollars is a reflection of its stability and acceptance in international markets. Adamas The concentration of control in financial markets, including gold, is a significant aspect that can influence global economic dynamics.

Money today and maybe for the next 25 years will not be backed by gold. Who knows what BRICS are planning but sure they couldn't just jump into a fiat-backed gold currency. One thing is for sure though and it's currently happening that countries today are bilaterally trading with their own currency and not USD.

If they are using their own currency to buy oil and commodities from each other, how can the US control that?   And if they could control that, why are they so worried?

Bilateral trade using local currencies may actually diminish the ability of a country, such as the United States, to directly control certain aspects of international trade; if countries are exchanging goods and services using their own currencies, this may limit the influence that the dollar traditionally has in international markets.. Concerns that may arise from these dynamics could be related to the loss of influence in global markets and the need to adapt to new ways of competing and participating in the global economy... Therefore, the evolution towards a more multipolar and diversified system has the potential to redistribute economic and financial power in ways that may not be entirely predictable.

[komisariatku]

... Even china and Putin knows they are fools and it's all circus

It's time to say how the things Are really happening in the world

As you said, the US dollar still dominates and has great power today. Beating them is not easy, it takes hard work because the dollar has been the world's currency for more than 50 years. But in my opinion, it will be more dangerous if no country fights against the hegemony of the US dollar, then their dominance will get stronger.

However, what the BRICS group is doing is a long step that needs to be taken so that the US dollar does not print money at will. Everything in this world has its supporters and opponents. So, maybe the BRICS is not yet a group that is dangerous and has a big influence on USD dominance, but in 10 or 20 years, no one knows the results yet, while statistics say Russia and China will experience rapid economic growth starting in 2030

In addition, many observers predict that sooner or later the dollar's dominance will collapse

[Faisal2202]

After Putin's statements today at the conclusion of the BRICS summit about proposing unified currencies for the BRICS group, and after the increase of the BRICS member countries to include major global economies, I think this sounded the alarm for the dollar that still believes in the strength of the dollar.

I am not a fan of the dollar because, due to this currency, my country has been stuck in a debt cycle. We have to pay interest, which is way more than the principal amount just due to inflation and interest rates, and mainly because we took the loan in US dollars. I hope my country has educated people in the loan sector. I mean the financial sector, but every single person is corrupt at higher levels.

What could be done? Well, the point is that I am not praising the dollar just because I like it or want it to be on top forever; instead, I know how much potential it has and how much effort BRICS have to make to cross it.

[kryptqnick]

I'm not sure if I fully understand the op's text because of how it's built grammatically and structurally, but I think I agree overall. It's just a simple reality check. The USD is still very high up by international currency reserves, and none of the BRICS countries are anywhere near that. China is a formidable adversary in terms of overall political and economic influence, but not currency-wise. Russia is still living off its association with the might of the Soviet Union, but it has the economy less than that of Texas. It's very militarily aggressive, and thus it needs to be taken seriously, but competing with the US dominance and the USD dominance is simply unrealistic.

[Captain Corporate]

People need to understand its not about the power of the currency but the power of the nation at play here. In a nation with hundreds of thousands of drug addicts and homeless people, I really do not think that USA could still say that they are doing a good job, its obvious that they may look strong financially but that's mainly because their rich are richer than any other nations rich, but their poor are equally poor as any other nation. Like the guy that is staying at the beach of san Francisco or something, that dude is as poor as any other person, maybe has a "potential" that is higher, but must die due to drug overdose anyway. This will financially ruin USA in the near future, they are losing it big time.

[Gyfts]

The BRICS gold backed currency hasn't yet come to fruition, it's a mere proposal: https://cointelegraph.com/news/gold-backed-brics-currency-very-hard-to-deliver-lyn-alden

And essentially the problem is that the world relies on fractional reserve banking and future GDP growth is entirely based on debt, so it makes it logistically difficult. Even absent of a gold backed currency, USD is still on a decline. There are other attractive options if countries are seeking a stable asset.

[pooya87]

It's really funny to see the type of weird views some people have of the world and the things that are happening in it. OP basically says that "because US supposedly owns a lot of gold, creation of an alternative payment system is impossible". It is even funnier when you look at the name of this forum and realize that it is a Bitcoin forum, a place where we discuss "an alternative payment system" called Bitcoin that is not backed by anything like gold and it was created and it is successful and every day it is growing
By the way United States doesn't like Bitcoin either.

In any case, dedollarisation is happening whether some people or even US itself accepts it or not. It didn't start last year and it won't mature soon but it is happening.

[Etranger]

In any case, dedollarisation is happening whether some people or even US itself accepts it or not. It didn't start last year and it won't mature soon but it is happening.

And after covid times dedollarisation became even stronger and faster, I think. The very idea of the dollar as a world leader rested on globalization, the blurring of borders between countries, especially the Western type of development states. The pandemic has contributed to a return to closed structures, both public and private. Localization is back again. Countries were forced to adjust their economies within themselves, often without the support of export. And because of this, they were forced to rely on their own tools. I think this trend will only continue, because the globalization of the world shows its inability.

[coupable]

In any case, dedollarisation is happening whether some people or even US itself accepts it or not. It didn't start last year and it won't mature soon but it is happening.

Unfortunately, most do not know that the largest wave of dedollarization was in the sixties of the last century after what is known as the "Nixon shock", which led to the emergence of the euro and its rise as a unified currency for the European Union alliance, which in turn appeared as an indirect result of that wave. And even the emergence of Bitcoin as a new payment system can also be considered within that wave, but with more expansion because Bitcoin represents a currency and a payment system at the same time. Bitcoin is also distinguished by the fact that it is not linked to gold reserves, and this is what makes it real wealth compared to any other currency linked to metals in the entire history.

[Bananington]

Anyone saying the USD is weak or the USA economy getting bad doesn't really understand what's going on.
This is more of a political and economic involvement of other nations to reduce the reliance on the dollar for trade and commerce across borders.
Perhaps, when there are options available as what the BRICS countries is presenting, the dollar and the American influence will reduce.
Modern warfare is more about economic dominance than good old war.

[Etranger]

Modern warfare is more about economic dominance than good old war.

I'd say it is more about the way people think and the way this thinking can be manipulated. We live in an era of consumer society, the image of which was created by Western life itself, in particular in the USA. Regardless of the economy in different countries, people want almost the same things: an apartment, a car, branded clothes, etc. Although the conditions and opportunities for achieving this differ greatly in different countries. Therefore, it is not some separate economy of a specific country that dominates, but a way of life imposed as the one to strive for.

[Doan9269]

People need to understand its not about the power of the currency but the power of the nation at play here. In a nation with hundreds of thousands of drug addicts and homeless people, I really do not think that USA could still say that they are doing a good job, its obvious that they may look strong financially but that's mainly because their rich are richer than any other nations rich, but their poor are equally poor as any other nation. Like the guy that is staying at the beach of san Francisco or something, that dude is as poor as any other person, maybe has a "potential" that is higher, but must die due to drug overdose anyway. This will financially ruin USA in the near future, they are losing it big time.

When we are talking about the reality with eat the people are facing then it's very important that we shouldn't politicized the discussion, we should rather take the matter from where everyone is been involved or affected by the government and individuals decisions, being poor is what is common to almost every countries of the world, there are poor and rich citizens altogether, in USA you will discover this and same in China, UK or any other countries, eho should these people blame for their predicament or situation for being poor, no matter how worst USA economy is getting, it is still far better preferred than most economics because it's still stable than others.

[el kaka22]

Quite interesting to see an American troll, doesn't mean he is American because by the looks of his English he doesn't look American but more like a supporter of USA against brics. By the way it is not bricks, it is brics, the name of the nations, Brazil, India, Russia, china, etc etc, there are 11 of them. So all in all, if you think that USA will keep on doing fine, then let it do fine, why would you need to talk about Brics in that case?

There is no reason to fear them since USA will stay strong, there is no reason to keep on working with them neither, just take your business out of them and focus on the west, that way you will not be able to make them richer as well. I think it should be important to realize it.

[Ayers]

It's really funny to see the type of weird views some people have of the world and the things that are happening in it. OP basically says that "because US supposedly owns a lot of gold, creation of an alternative payment system is impossible". It is even funnier when you look at the name of this forum and realize that it is a Bitcoin forum, a place where we discuss "an alternative payment system" called Bitcoin that is not backed by anything like gold and it was created and it is successful and every day it is growing
By the way United States doesn't like Bitcoin either.

In any case, dedollarisation is happening whether some people or even US itself accepts it or not. It didn't start last year and it won't mature soon but it is happening.

Indeed, it's no longer a rumor and it's getting stronger than ever but it's hard to understand why so many people still haven't accepted that fact.
They always say they don't care, don't believe that de-dollarization will succeed, USD will always be the currency of the world. But they refuse to accept the fact that de-dollarization is happening pretty fast and they always spread fake news about BRICS. This just makes me think that they're scared of this de-dollarization, and they don't want people to know the truth, not that they really don't care.

I admit I'm not a fan of the US, but I'm not a fan of China or Russia either. But I prefer a multipolar and fairer world, in which all countries can develop and compete fairly, rather than being controlled and oppressed by a single power.

[Inwestour]

Anyone saying the USD is weak or the USA economy getting bad doesn't really understand what's going on.
This is more of a political and economic involvement of other nations to reduce the reliance on the dollar for trade and commerce across borders.
Perhaps, when there are options available as what the BRICS countries is presenting, the dollar and the American influence will reduce.
Modern warfare is more about economic dominance than good old war.

In fact, not a single dominance in history has lasted forever, hence we can conclude that the dollar is waiting for the same fate, but this may take more than one decade and will also depend on many factors.

I don't see who could at the moment show significantly better development dynamics on the world stage to take the place of the United States. Yes, the US economy is not in the best condition now, but this applies not only to the United States, now the entire world economy is going through difficult times, but due to the fact that the United States printed a lot of dollars to stimulate the economy, this provoked a significant increase in inflation and this weakened the position of the dollar on the world arena.

[Blowon]

well, I think the US is too busy with things other than their dollar, I understand that they are a strong country, but don't forget how China is even No. 2 in the world in terms of the economy, plus the conflict with Russia, I think the focus of the US will be divided so much that it pays less attention to this, well, if the US Dollar weakens, it is likely that the number 1 will be taken over by the Chinese currency.

[Unbunplease]

Personally, I don't see any signs of a serious weakening of the dollar. If we take the dollar and the Russian ruble, the dollar has again reached over 90 rubles per dollar. And they talk about some kind of dedollarization, although so far everything is happening the other way around. A similar situation is observed in other countries

[Yamane_Keto]

You confuse the weak dollar with replacing the dollar as a reserve currency No. 1. The weak dollar is that countries always bear the debts of the United States, so whenever the United States needs cash, it will print more and the whole world will bear these debts, and it is different from replacing the dollar with local currencies or a new currency, as replacing The dollar is a process that has already started from some countries, but it will need years to succeed because many basic things, such as oil, are priced in dollars, with a high demand for US Treasury bonds, and there is no better than the US market for investment and capital guarantee.


Without a world war, it is difficult to remove the dollar as the No. 1 reserve currency.

[usekevin]

You confuse the weak dollar with replacing the dollar as a reserve currency No. 1. The weak dollar is that countries always bear the debts of the United States, so whenever the United States needs cash, it will print more and the whole world will bear these debts, and it is different from replacing the dollar with local currencies or a new currency, as replacing The dollar is a process that has already started from some countries, but it will need years to succeed because many basic things, such as oil, are priced in dollars, with a high demand for US Treasury bonds, and there is no better than the US market for investment and capital guarantee.


Without a world war, it is difficult to remove the dollar as the No. 1 reserve currency.

The dollar is the strongest currency,the most of the developing and underdeveloped countries had dollar as an reserve.The reason behind this was to cask out to  their fiat at the time of recession.The dollar value depends on the US government bond, the most demanded oil also had an impact on the dollar.Only the Arabic based country was free from the dollar value, The European Nations had their won currency.Most of the country depends on the dollar except the European Union and Arabian currency.

[Silberman]

You confuse the weak dollar with replacing the dollar as a reserve currency No. 1. The weak dollar is that countries always bear the debts of the United States, so whenever the United States needs cash, it will print more and the whole world will bear these debts, and it is different from replacing the dollar with local currencies or a new currency, as replacing The dollar is a process that has already started from some countries, but it will need years to succeed because many basic things, such as oil, are priced in dollars, with a high demand for US Treasury bonds, and there is no better than the US market for investment and capital guarantee.


Without a world war, it is difficult to remove the dollar as the No. 1 reserve currency.

If a world war were to happen the dollar would be the last of our problems as it is difficult to imagine civilization as we know it surviving such an event, in order for the US dollar to lose its status as the reserve currency of the world not much has to happen, as the US dollar is already on its way out, but this is a process which will take at least a few decades as if the countries which want for the economic model to change aimed for a quick exit then the system could collapse, and they will lose a massive amount of wealth as their reserves will be worth nothing at that point.

[EFS]

I think it's talked in other places that America's economy is bad, but in our country it's still known how strong the USA is. Nothing will happen easily to the American economy. There was a unipolar world in recent years, but other developed countries are trying to change this. We may revert to a multipolar order in the medium term, but this doesn't mean that America is weak. If a new currency emerges, we may see a hard power clash. This requires being prepared for new wars though, which is bad for whole world but that's the reality and we have to be prepared for that.

[dothebeats]

I think it's talked in other places that America's economy is bad, but in our country it's still known how strong the USA is. Nothing will happen easily to the American economy. There was a unipolar world in recent years, but other developed countries are trying to change this. We may revert to a multipolar order in the medium term, but this doesn't mean that America is weak. If a new currency emerges, we may see a hard power clash. This requires being prepared for new wars though, which is bad for whole world but that's the reality and we have to be prepared for that.

I agree with you. It is probably being discussed in other various places that America's economy is starting to fall and the US dollar isn't doing well but in our country, it is still known to be powerful. Hence, it shows that it is still powerful in a way that various countries have confidence and belief in the strength of America's economy.

[Tony116]

Anyone saying the USD is weak or the USA economy getting bad doesn't really understand what's going on.
This is more of a political and economic involvement of other nations to reduce the reliance on the dollar for trade and commerce across borders.
Perhaps, when there are options available as what the BRICS countries is presenting, the dollar and the American influence will reduce.
Modern warfare is more about economic dominance than good old war.

In fact, not a single dominance in history has lasted forever, hence we can conclude that the dollar is waiting for the same fate, but this may take more than one decade and will also depend on many factors.

I don't see who could at the moment show significantly better development dynamics on the world stage to take the place of the United States. Yes, the US economy is not in the best condition now, but this applies not only to the United States, now the entire world economy is going through difficult times, but due to the fact that the United States printed a lot of dollars to stimulate the economy, this provoked a significant increase in inflation and this weakened the position of the dollar on the world arena.

Those who deny the fact that the USD is weakening and the US economy is struggling are people who have never learned about the history of world money. If I remember correctly, before USD ruled the world we also had 5 currencies of different countries dominating. And you are right, nothing can rule forever, and everything will be replaced at some point. Why do we believe that bitcoin is gradually replacing centralized systems but deny the fact that USD is also gradually weakening? Are we too stubborn because we don't want that to happen? In the near future, the US will still be the largest economy and the dollar will still prevail, but that doesn't mean it will stay forever.

[yhiaali3]

Do not be so confident, it is true that the dollar is very strong and de-dollarization is difficult at the present time, but nothing remains the same forever, everything has a beginning and an end. Look back a bit before the dollar when sterling was the dominant currency in the world, where is it now?

The main reason for the dominance of the dollar was because the United States gained military and economic power after World War II, at a time when Europe and Asia were devastated, the United States was geographically far from the war and had enormous resources, through the Marshall Plan for the reconstruction of Europe, the United States managed to impose the dominance of the dollar And its political hegemony over Europe through the massive aid it provided to Europe.

The summary is that politics and the economy are completely linked, and the United States derives its economic strength from its political and military strength, but circumstances change, and the formation of alliances such as the BRICS alliance will inevitably lead to a change in the international climate and upset the balance of power, so in my opinion, by means of BRICS or others, the end of the dollar will inevitably come in the future.

One last question: What made countries like Saudi Arabia, the UAE and Egypt, which were recently strong allies of the United States, join the hostile BRICS alliance?

[Fiatless]

I think it's talked in other places that America's economy is bad, but in our country it's still known how strong the USA is. Nothing will happen easily to the American economy. There was a unipolar world in recent years, but other developed countries are trying to change this. We may revert to a multipolar order in the medium term, but this doesn't mean that America is weak. If a new currency emerges, we may see a hard power clash. This requires being prepared for new wars though, which is bad for whole world but that's the reality and we have to be prepared for that.

Your position is very correct. It will take a long time for any currency to overtake the dollar because the US economy is not standing alone. It is connected to the strong Anglo-Saxon economy which includes the UK, Canada, Australia, and New Zealand. Changing the world to a multipolar order will also need an alliance of some nations with a fairly strong economy. The hope for the establishment of another dominant currency is on the BRICS and their expansion is a step in the right direction. The dollar will continue to enjoy global dominance until economies like Russia, China, India, Russia and other emerging economies have close partnerships like the Anglo-Saxon world.

[franky1]

things like BRIC's want to have a different measuring stick
here is the thing

if a shop sells a loaf of bread for $200.. and people dont like it.. they create their own shop to sell more bread for [insert anything reasonable] to alot more populous

and thats what BRIC's is doing. setting up a new shop(market) with new prices

It is better to have two shops selling bread than to have just one monopolizing the market. We need global competition among leading nations so that developing nations will have alternatives to choose from.

actually there should not be a central market of one or 2 determining prices for the whole world.

for instance US oil markets ensure oil prices meet US costs. which are higher than say 3rd world countries
by the time oil reaches america its like $90 a barrel so US sets international trade at $90 a barrel. however in the origin countries that pump the oil its only like $10. yet that country pumping it has to pay $90 due to US cost adjustment

we seen it recently with electric.
i live in the UK and electric is generated locally within 100 miles of my location yet electric prices rose. not due to any domestic cost of production. but due to the international market rate. yep even if locally produced locally distributed energy is cheap to make. the price the end user locally has to pay is based on international market price which is managed by the US

its time even the UK detaches from the international market for things like energy and other resources and instead creates more of a independent decentralised trade strategy.

BRIC's is the starting point. but i dont think it will end in just 2 party economy. eventually it will multiply out again into smaller factions

[Etranger]

actually there should not be a central market of one or 2 determining prices for the whole world.

for instance US oil markets ensure oil prices meet US costs. which are higher than say 3rd world countries
by the time oil reaches america its like $90 a barrel so US sets international trade at $90 a barrel. however in the origin countries that pump the oil its only like $10. yet that country pumping it has to pay $90 due to US cost adjustment

we seen it recently with electric.
i live in the UK and electric is generated locally within 100 miles of my location yet electric prices rose. not due to any domestic cost of production. but due to the international market rate. yep even if locally produced locally distributed energy is cheap to make. the price the end user locally has to pay is based on international market price which is managed by the US

its time even the UK detaches from the international market for things like energy and other resources and instead creates more of a independent decentralised trade strategy.

BRIC's is the starting point. but i dont think it will end in just 2 party economy. eventually it will multiply out again into smaller factions

I agree, this happens precisely because there are one or two dominant economies in the world. The USA has long been a leader in these matters. But the possibilities of the modern world show that this primacy may be lost in favor of China, Japan and India, whose economies are developing at an insane speed, which the world has not seen before. Also contributing to the loss of leadership are the post-covid times, which have shown that the world is not as globalised as it seemed, and that diversity and introversion persist.

[SamReomo]

Money today and maybe for the next 25 years will not be backed by gold. Who knows what BRICS are planning but sure they couldn't just jump into a fiat-backed gold currency. One thing is for sure though and it's currently happening that countries today are bilaterally trading with their own currency and not USD.

If they are using their own currency to buy oil and commodities from each other, how can the US control that?   And if they could control that, why are they so worried?

The BRICS countries can jump into a fiat-backed gold currency and that currency will be one of the most powerful one in existence other than the US dollar. This kind of approach would change the international monetary system because in current times the US dollar is still there as the reserve currency of the world. They already know that US dollar isn't backed by gold now and they are taking the advantage of that fact. The dollar is working based on other principles of the economics that only US knows and US is printing so many dollars which can greatly impact its price. I can't underestimate the fact that US dollar is the best medium for exchanging of goods and it will remain in dominance for many years even if BRCIS become functional. A gold backed currency like BRICS can really attack the dominance of US dollar and it may create political problems for the countries that are allies of the US because the US government and IMF will never want something like BRICS to exist and any of their allies if show interest in BRICS could make their relations weak with US.

The bilateral trades are really another important factor to keep in mind and you're right that most of the countries are going with the route of Bilateral trading. Countries like India and United Arab Emirates are also interested in bilateral trading of goods and they want to skip dollar and use Rupee instead for trading of goods. But their trade will be limited to non-oil based commodities as of now and maybe in future they could also add oil based commodities as well in their trading list. I'm quite sure that if that thing happens then the gates will continue to open for BRICS because many countries want to use alternative currency for their trading purposes. The US dollar's dominance will continue to degrade over time, but I'm quite sure that US government may have their own strategy to suppress the dominance of a currency like BRICS.

[legendbtc]

I think it's talked in other places that America's economy is bad, but in our country it's still known how strong the USA is. Nothing will happen easily to the American economy. There was a unipolar world in recent years, but other developed countries are trying to change this. We may revert to a multipolar order in the medium term, but this doesn't mean that America is weak. If a new currency emerges, we may see a hard power clash. This requires being prepared for new wars though, which is bad for whole world but that's the reality and we have to be prepared for that.

The US economy is still the largest in the world but with the growth and competition of the BRICS, we cannot deny that they are putting pressure on America's great power status. BRICS will take a lot of time as well as overcome great challenges to be able to compete with the US and its allies. They may even fail, but history has shown us. Before the US, there were powerful countries, but in the end, no one could stand on high forever. Simply because we live in an era where America dominates the world and we see their power, we think no one can beat them. But those who lived during the British domination of the world thought the same thing as you. No one can stay on top of glory forever, that's the truth.

[pooya87]

I admit I'm not a fan of the US, but I'm not a fan of China or Russia either. But I prefer a multipolar and fairer world, in which all countries can develop and compete fairly, rather than being controlled and oppressed by a single power.

Nobody likes any of them. They have a bad history specially US and Russia with all their wars, invasions and genocides. Interestingly enough most of the world also feels the same way about the New World Order (multipolar world). In fact a couple of months ago I was reading what one of those thinktanks in Washington had published about their fears of dedollarisation and in there they argued that rules of majority of the countries in the world see the New World Order as an opportunity to become stronger. And today we are seeing that happening specially in Africa as more nations fight for liberation.

[komisariatku]

Nobody likes any of them. They have a bad history specially US and Russia with all their wars, invasions and genocides...

Yes, I think many would agree with you. But the reality is that both countries are strong, especially from a military point of view. The two countries also have their own coalitions. It seems that capitalism (America) and communism (Russia) are still fighting for hegemony. Even though there is a new force that might be an alternative to Russia and America, namely China, in my opinion China still carries the same ideology as Russia (communism0. Maybe we always hope that the new world does not have super power countries and all countries have the same status or even do not have state authority like the concept of anarcho ideology, but in my opinion that is a utopian concept. No matter what the world order looks like, there must be someone who will become the superpower with the strongest hegemony among others.

[pooya87]

Nobody likes any of them. They have a bad history specially US and Russia with all their wars, invasions and genocides...

Yes, I think many would agree with you. But the reality is that both countries are strong, especially from a military point of view. The two countries also have their own coalitions. It seems that capitalism (America) and communism (Russia) are still fighting for hegemony. Even though there is a new force that might be an alternative to Russia and America, namely China, in my opinion China still carries the same ideology as Russia (communism0. Maybe we always hope that the new world does not have super power countries and all countries have the same status or even do not have state authority like the concept of anarcho ideology, but in my opinion that is a utopian concept. No matter what the world order looks like, there must be someone who will become the superpower with the strongest hegemony among others.

That is not possible, there will always be stronger countries and weaker countries. There simply can never be equality, just like in society. I don't think this has ever happened in history either.

But the good news is that unlike the past 32 years the world will no longer have a single super power that abuses that power. In the new World Order there multiple poles of power. It is also not just US versus Russia fighting for a bigger "piece of the cake". As you said there is also China that is growing and has become a super power. But that is not the end, there are more countries that have built a strong status for themselves.

Take India for example. That's basically a continent of its own with a large population and fast growing economy. India is also expected to basically replace China in terms of GDP growth rate in the following decade which is why United States also considers India a threat! lol

Another example would be Iran, a country with a battle hardened economy that despite having experienced high inflation for many years (due to the record number of sanctions) still had a bigger GDP growth (4.7%) compared to US (0.9) and EU (1. in the last quarter of 2022 according to the World Bank which is expected to reach 5.6% by the end of 2023. Add to that the biggest amount of energy (oil+gas+lithium), numerous industries (traditional and high tech), one of the most advanced militaries and literary the biggest military alliance spread across the globe and you got yourself another super power.

With organizations such as BRICS we are going to see more power poles show up. I'd say Brazil is the next candidate.

[komisariatku]

+10 merit (But sorry I don't have it to send to you) 

But the good news is that unlike the past 32 years the world will no longer have a single super power that abuses that power. In the new World Order there multiple poles of power. It is also not just US versus Russia fighting for a bigger "piece of the cake". As you said there is also China that is growing and has become a super power. But that is not the end, there are more countries that have built a strong status for themselves.

Yes it is something good. If there are at least 2 poles then that's good because they will correct each other and become thesis and antithesis, so that no country has absolute power that can manage everything. Hopefully there will be more new poles so that the world order will be more dynamic

Take India for example. That's basically a continent of its own with a large population and fast growing economy. India is also expected to basically replace China in terms of GDP growth rate in the following decade which is why United States also considers India a threat! lol

Yes, India also has good economic growth. The economic growth forecast also states that India will be included in the 5 countries that have good economic strength. But I think they are quite comfortable with America, it looks like America is helping India a lot, does America see them as a threat? I do not know about that

With organizations such as BRICS we are going to see more power poles show up. I'd say Brazil is the next candidate.

I also hope that my country (Indonesia) can be included in the BRICS coalition

[Pingrapole]

The economy of the United States is based on many factors, one of which is the dollar Other assets are not wasted so that we may think that the day of their downfall has come.Finally, there are other mechanisms by which a state can fully exercise its power to control another state, such as the use of dollars or other resources or using weapons.After any strong storm, when the water spreads around, it is impossible to remove the water very quickly, just as it is difficult to weaken the dollar or remove it from the world market through various measures.Many countries are thinking of many new currencies and have started trading but even that can lead to a lot of world economy because any big deal won in dollar is still done in dollar and Therefore, it is very difficult to survive or survive in the market with any currency other than the dollar At present America or England are controlling the world market and the economy is progressing as they want.It is possible to stop everything by controlling a currency The biggest thing is that so far all the trading is controlled by dollar where we work cryptocurrency is also traded by dollar because as far as I know the biggest marketplace.If there is a dollar here, it is only natural that the dollar will rule elsewhere Apart from the dollar, when many countries started trading with other currencies like China with their own equivalent, India started trading with their own currency in Russia, then temporarily the whole world People thought that maybe the days of the dollar were over, but at some point it was seen that it was possible to do something good for a certain country, but more than half of the countries traded when the dollar stood still.So how can we say the days of the dollar are over because we know the whole world is controlled by the US and its followers so when the major states are controlled from there It's the same thing with fighting crocodiles that live in water BRICS or other contemporaneous organizations are currently considering trading in their own countries' currencies, but it remains to be seen how effectively this will take off because of or outside other organizations.America has good relations with other countries and those who have relations will certainly trade with the dollar.But unless all countries unite against the dollar, the only thing possible is to weaken the dollar and push other currencies forward
Undermining the US economy is not an easy task because they didn't get here in a day, they got here with a lot of hard work, and they got some profits from everywhere to back the post-war rage They provide different types of aid to the states Being able to do so they continue to play their roles without hesitation.After covid nineteen, the world's condition is bad, memory loss, lack of food grains, increase in hunger, increase in corruption, crisis in education, etc.As a result, the situation in the whole world is getting worse, some countries in the developed world are taking advantage of this and are using different strategies to achieve their interests and fix their weak points.No matter how much people say the dollar is weakening, I don't think the dollar is weakening at all. It's going down temporarily, but eventually it will return to its previous position and the US economy is not going to collapse so easily.Come back soon, and we want to get back to a beautiful and normal world where we can do all our work freely so that no one can take back our work. And can earn a lot of money and make our future bright and bright.

[jrrsparkles]

If US keeps saying that they are the most powerful country then it is going to help in any way even for the foreseeable future, The economy is actually falling they know it that is why the US is now backing off from being the world's police like we all know why they backed from Afghanistan is simply because they can't afford to spend more billions for them.

And Now the thing called BRICS is taking another level you can see there are a lot of deals going on without US dollars and some of them are even in their own fiat so the US may control the price of the gold market but certainly it's evident that they are losing their dominance so if they didn't act different then it's just a matter of time.

[Smack That Ace]

()
 Maybe we always hope that the new world does not have super power countries and all countries have the same status or even do not have state authority like the concept of anarcho ideology, but in my opinion that is a utopian concept. No matter what the world order looks like, there must be someone who will become the superpower with the strongest hegemony among others.

Although we prefer decentralization in financial matters because we have full control over our assets. But when it comes to issues like power, politics...no government or anarchy, no leader, everyone is equal...That only makes the world destroyed faster because there will be a lot of destructive, evil elements that will harm the world without anyone standing up to stop it. I will not support this idea, I prefer a multipolar world, power is divided equally rather than just focusing on one individual. Because they will abuse power to do what they like without caring what other people think.

[komisariatku]

Although we prefer decentralization in financial matters because we have full control over our assets.

Yes maybe for us it is the best. We have control over what we own. But assets/money is a source of power, I'm sure the government doesn't want something like that. If they can't manage their finances (because of decentralization) then they (the state/government) have no power. In my opinion, the two main strengths of a country are the military and money. They must always control those two things, if they don't have one of them then their strength will be crippled

So to this day, I still believe that bitcoin will never become the main world currency. My hope is that bitcoin will become the world's alternative currency

.... I prefer a multipolar world, power is divided equally rather than just focusing on one individual. Because they will abuse power to do what they like without caring what other people think.

I agree with you. I think it's the best that way. If the BRICS can be strong then it will make the antithesis of the USD. Such conditions might be good because there is no absolute power, but it could also trigger a third world war

[bocyaj]

Although we prefer decentralization in financial matters because we have full control over our assets. But when it comes to issues like power, politics...no government or anarchy, no leader, everyone is equal...That only makes the world destroyed faster because there will be a lot of destructive, evil elements that will harm the world without anyone standing up to stop it. I will not support this idea, I prefer a multipolar world, power is divided equally rather than just focusing on one individual. Because they will abuse power to do what they like without caring what other people think.

The decentralized in cryptocurrency will be the good one,but same decentralization is not the good in FIAT system.Because the control of United States only by the USD in many ways.The transaction with the US only through the USD, so all the countries will hold the dollars for the trade With United States.Now the wealthiest nation had a voice is UNO,so the money plays major role in the power.Without the power US will not interfere in the internal affairs of Syria.If the decentralization occur in Fiat, the entire power system will be collapsed.The USD had his own value till the United States was a super power nation.Most of the Nation not raise the voice against Russia for the war against Ukraine,the behind is Russia is Super power like USA.

[Jatiluhung]

The dominance of the US dollar has been deeply embedded and firmly rooted in the global economy. So removing it and weakening it will be very difficult. I also think that the US State and its currency, namely the Dollar, will still be strong in dominating global transactions even for another century. Unless there is a major event that has a major impact on the current world order. Without major events, matters related to the global economy and which country and which currency dominates will remain the same as they are now. Because we know that even in global crypto trading we are also used to the USD exchange rate paired with every crypto asset.

[Fivestar4everMVP]

The dominance of the US dollar has been deeply embedded and firmly rooted in the global economy. So removing it and weakening it will be very difficult. I also think that the US State and its currency, namely the Dollar, will still be strong in dominating global transactions even for another century. Unless there is a major event that has a major impact on the current world order. Without major events, matters related to the global economy and which country and which currency dominates will remain the same as they are now. Because we know that even in global crypto trading we are also used to the USD exchange rate paired with every crypto asset.

You are very right and I completely agree with you, one thing I am very certain about is that currency shift is not something that happens overnight, u.s. dollar has been the dominating currency over other currencies in the world for a very long time now, and I don't even know where all this brouhaha about it losing value is coming from, every Fiat currencies in the world today I losing purchasing power, so the issue with u.s. dollar losing value is not something that is peculiar to it, but very common in the Fiat currency market.

Anybody thinking that all of a sudden, u.s. dollar will lose it's dominating power over other currencies is just daydreaming, even if this is going to happen, it's not going to happen in this generation or next, this is something that might take a very very long time and I don't even think any of us here now we will alive to witness this happen, but all the same, we just keep watching to see how things play out at the end of the day.

[MusaMohamed]

Nobody likes any of them. They have a bad history specially US and Russia with all their wars, invasions and genocides. Interestingly enough most of the world also feels the same way about the New World Order (multipolar world).

They are big nations and have powerful tools to initiate wars and they all have double standards.

In fact a couple of months ago I was reading what one of those thinktanks in Washington had published about their fears of dedollarisation and in there they argued that rules of majority of the countries in the world see the New World Order as an opportunity to become stronger. And today we are seeing that happening specially in Africa as more nations fight for liberation.

The US. dollar loses its purchasing power in many decades and it does not only begin by the Covid-19.



Before the Russia invasion in Ukraine, years before that, the French President Macron warned that European nations must have another leader and must get rid of their dependence on the USA. It is an early signal of European nations that want to have dedollarisation before the pandemic.

The pandemic, economic crisis, the Ukraine war only trigger this delloarisation process happens more seriously.

Emmanuel Macron warns Europe: NATO is becoming brain-dead

[Smack That Ace]

.... I prefer a multipolar world, power is divided equally rather than just focusing on one individual. Because they will abuse power to do what they like without caring what other people think.

I agree with you. I think it's the best that way. If the BRICS can be strong then it will make the antithesis of the USD. Such conditions might be good because there is no absolute power, but it could also trigger a third world war

World War 3? I also thought about this problem but I don't think it will happen. I mean, if there is a third world war, it will be a war about money, economics and politics, I don't think there will be a nuclear war these days. Although countries still increase weapons production as well as increase nuclear warheads every year  .

But anyway, BRICS is still very new and there are still many challenges to be done to limit the dominance of the USD. Although we also have two extremes right here at this forum, some pro-US and some pro-BRICS. And let's wait and see what happens in the future.

[slapper]

Nobody likes any of them. They have a bad history specially US and Russia with all their wars, invasions and genocides...

Yes, I think many would agree with you. But the reality is that both countries are strong, especially from a military point of view. The two countries also have their own coalitions. It seems that capitalism (America) and communism (Russia) are still fighting for hegemony. Even though there is a new force that might be an alternative to Russia and America, namely China, in my opinion China still carries the same ideology as Russia (communism0. Maybe we always hope that the new world does not have super power countries and all countries have the same status or even do not have state authority like the concept of anarcho ideology, but in my opinion that is a utopian concept. No matter what the world order looks like, there must be someone who will become the superpower with the strongest hegemony among others.

That is not possible, there will always be stronger countries and weaker countries. There simply can never be equality, just like in society. I don't think this has ever happened in history either.

But the good news is that unlike the past 32 years the world will no longer have a single super power that abuses that power. In the new World Order there multiple poles of power. It is also not just US versus Russia fighting for a bigger "piece of the cake". As you said there is also China that is growing and has become a super power. But that is not the end, there are more countries that have built a strong status for themselves.

Take India for example. That's basically a continent of its own with a large population and fast growing economy. India is also expected to basically replace China in terms of GDP growth rate in the following decade which is why United States also considers India a threat! lol

Another example would be Iran, a country with a battle hardened economy that despite having experienced high inflation for many years (due to the record number of sanctions) still had a bigger GDP growth (4.7%) compared to US (0.9) and EU (1. in the last quarter of 2022 according to the World Bank which is expected to reach 5.6% by the end of 2023. Add to that the biggest amount of energy (oil+gas+lithium), numerous industries (traditional and high tech), one of the most advanced militaries and literary the biggest military alliance spread across the globe and you got yourself another super power.

With organizations such as BRICS we are going to see more power poles show up. I'd say Brazil is the next candidate.

Sure, there have always been strong and weak nations. However, let's be clear: It's not just about economic growth rates and military strength. A country's true power lies in its people, their innovation, their spirit, and let's not forget, stable governance. India might have a fast-growing GDP, but let's talk about their governance, healthcare, and education

Concerning Iran; come on, you're attributing superpower status based on one economic quarter? And yet they're under numerous sanctions. Are we not considering the sociopolitical stability and international standing

The BRICS? Terrific idea, really, but a far cry from a united front. Brazil as the next candidate? I'd say we're jumping the gun here. We've got to look at the full picture, not just the puzzle pieces

[komisariatku]

World War 3? I also thought about this problem but I don't think it will happen. I mean, if there is a third world war, it will be a war about money, economics and politics, I don't think there will be a nuclear war these days. Although countries still increase weapons production as well as increase nuclear warheads every year  .

Do you mean cold war? I think this has been a condition of economic and political war for a long time. Even though the battlefield is in Ukraine, Russia and America have long been involved in a cold war. This is the condition where the actual war will occur, when? no one expected that to happen, and hopefully it never will

But anyway, BRICS is still very new and there are still many challenges to be done to limit the dominance of the USD. Although we also have two extremes right here at this forum, some pro-US and some pro-BRICS. And let's wait and see what happens in the future.

Yes, the BRICS coalition is still very young, they need time before they can have a big impact on USD dominance. Yes, that's right and there is no problem with the differences, this is where we discuss

Sure, there have always been strong and weak nations. However, let's be clear: It's not just about economic growth rates and military strength. A country's true power lies in its people, their innovation, their spirit, and let's not forget, stable governance. India might have a fast-growing GDP, but let's talk about their governance, healthcare, and education

In theory maybe yes, but in reality I think not. A strong country is always synonymous with military strength, is a form of threat that always succeeds in suppressing developing and weak countries.

What about the American invasion of Iraq? They raised the issue of weapons of mass destruction, but they were never found until Sadam Hussain died on the gallows. It was America's alibi for controlling Iranian oil refineries. I think that behind all wars there are economic interests, although that has never been used as a reason for war

[stompix]

Another example would be Iran, a country with a battle hardened economy that despite having experienced high inflation for many years (due to the record number of sanctions) still had a bigger GDP growth (4.7%) compared to US (0.9) and EU (1. in the last quarter of 2022 according to the World Bank which is expected to reach 5.6% by the end of 2023. Add to that the biggest amount of energy (oil+gas+lithium), numerous industries (traditional and high tech), one of the most advanced militaries and literary the biggest military alliance spread across the globe and you got yourself another super power..

Muahhahahahahah , Iran the supepower. Of course, propaganda numbers look great in fiction but let's look at what those values mean, even if they are fake.

So, Iran's GDP is $367 billion (same as  Connecticut *24th state), so a 5.6% means a rise of 20 billion.
USA's GDP is  $23.32 trillion so the tiny 0.9% actually means 200 billion, basically with a 1% growth the US is adding more wealth each year as half of Iran's entire GDP! Even if the USA would keep every year on growing only by 0.9%, which is actually 1.8% , let's go with propaganda numbers, and Iran will magically grow by 5% it will take, well, 120 years to reach the GDP of the USA. And oil will be less relevant a decade from now not a century.

China Reaches Peak Gasoline in Milestone for Electric Vehicles
https://www.bloomberg.com/news/newsletters/2023-08-29/china-reaches-peak-gasoline-in-milestone-for-electric-vehicles

Earlier this month, Chinese oil giant Sinopec made a surprise announcement that mostly flew under the radar. It’s now expecting gasoline demand in China to peak this year, two years earlier than its previous outlooks.

As for most advanced military...lol!
By flying 60 years olD F4 they bought from the US!

Concerning Iran; come on, you're attributing superpower status based on one economic quarter?

Of course, it's still growth! It doesn't matter that:
- The growth is because one sheep had three lambs instead of two
- Iran ranks 122th on GDP per capita, that is well below Botswana or Moldova!
/s

The US. dollar loses its purchasing power in many decades and it does not only begin by the Covid-19.

Good, now do a graph of your currency against the dollar! Popcorn!  

[tread93]

I mean brics has been an alliance for a long time and they haven't really done anything but if you ask me now it seems like they are finally picking up some momentum and drawing attention away from the USD. It's a shame all of these other countries have turned on American probably due to America's poor leadership and management of funds / policies.... America is a complete circus right now with all that is going on. It really is a shame. Faith in USD Declining and BTC is a great hedge so dump the cash it's trash, focus on the real assets and cash flow!

[DrBeer]

In reality it's a different USA dollar getting stronger and USA is now most influenced power in the world.
We can understood USA have most power in the world.
And dollar Even the russians dealing with dollars there was case that baltic country leader husband was dealing with russia and Also not even euro currency but dollars was used for deals.

Now people talking about bricks...that it's a backed by gold... right but who controls the gold Market? USA and UK comex its chigaco nyc and London If they want UK and USA they make gold price how they want.

The Putin x ping chuina and non of the bricks countries are not serious and looking funny until USA controls the gold price together with UK and controls the markets with USD trading currency mostly.

Even china and Putin knows they are fools and it's all circus


It's time to say how the things Are really happening in the world

Here we go. They came, and in two sentences broke all the "fairy-tale greatness of Russia". And they piously believe that
- the world economy depends on them (~1%   )
- Without their gas, all countries will freeze. And the economy will die and everyone will go bankrupt
- their "second world army" is really the second world army and everyone is afraid of it.
... and many other painful fantasies ... And you just like that, and ruthlessly inflicted such a mental trauma on them ! How can they now "be proud of greatness", which they don't have?

PS About gold in general is funny - Russia is a major producer (mining) of gold, but selling off its reserves does not provide any real solutions. Sanctions on gold from terrorist countries are already in place, it is bought back by China and India.... And buys it back for their money, as they are supposed to "use" Russia.
That old principle: Beads, oops, papers in exchange for gold, something like that.
Now Russia has no gold, no currency, but mountains of beautiful papers, which can't be used to buy anything but consumer goods

[Silberman]

I mean brics has been an alliance for a long time and they haven't really done anything but if you ask me now it seems like they are finally picking up some momentum and drawing attention away from the USD. It's a shame all of these other countries have turned on American probably due to America's poor leadership and management of funds / policies.... America is a complete circus right now with all that is going on. It really is a shame. Faith in USD Declining and BTC is a great hedge so dump the cash it's trash, focus on the real assets and cash flow!

Politicians all over the world regardless of their language, culture and background all talk one common language, which is the language of benefits, they want to obtain benefits for themselves and for that they need to strengthen their country somewhat as this makes them stronger as well, the main problem many countries have is that they are holding most of their wealth in reserve by using the US dollar, but the US has been printing money massively for the last 15 years or so affecting the interests of countries all around the world, and as such it is natural those countries do not want this to continue and look for alternatives, which by the way is exactly what we are doing by using gold or bitcoin to store our wealth instead of using fiat currencies.

[martinex]

I agree with you. I think it's the best that way. If the BRICS can be strong then it will make the antithesis of the USD. Such conditions might be good because there is no absolute power, but it could also trigger a third world war

In my opinion, it is more or less true that the new currency pioneered by the BRICS group will affect world trade, foreign direct investment and investor portfolios and this also has the potential to cause geopolitical turmoil, one thing that is visible is that this process will take a long time and require years of cooperation. years that ultimately phased out local currencies.

[Alpha Marine]

DOLLAR is not top power because of value or or reasoning of trade. its top power due to politics, debt, false accounting and of law determining that other countries should measure their value/produce stats on American terms/conditions.

If the dollar was always shit, no amount of politics or false accounting would make it a top power. The dollar had trust. People keep claiming the dollar is dying and losing its value when in reality it's just going through what every currency goes through. Even Almighty Bitcoin goes through rough patches, talk more of a centralized currency.
I'm not overly a fan of fiat currencies but I'll rather have my savings in dollars than in any other currency of the BRIC countries. At the end of the day, that's what any investor cares about. People need security, they need something they can trust and the dollar to an extent gives them that.
Don't get me wrong, I know the dollar won't be at the top till the end of the world, There have been several other world powers before the US, but for the foreseeable future, the dollar is still going to be way ahead of any other thing BRIC comes up with.

just count up the population of USA, canada, EU(under 1bill)
then count up the population of those countries forming BRIC's and you will see where the gross domestic PRODUCT totals will exceed which

Then you also look at the purchasing power of those BRIC countries and the purchasing power of the USA, Canada and the EU. Where does a product sell more if not the US?
It's not just about the population. A good number of those BRIC countries can't afford what the American market can afford.
Population alone does not determine the GDP of a country or region.

[Ayers]

I admit I'm not a fan of the US, but I'm not a fan of China or Russia either. But I prefer a multipolar and fairer world, in which all countries can develop and compete fairly, rather than being controlled and oppressed by a single power.

Nobody likes any of them. They have a bad history specially US and Russia with all their wars, invasions and genocides. Interestingly enough most of the world also feels the same way about the New World Order (multipolar world). In fact a couple of months ago I was reading what one of those thinktanks in Washington had published about their fears of dedollarisation and in there they argued that rules of majority of the countries in the world see the New World Order as an opportunity to become stronger. And today we are seeing that happening specially in Africa as more nations fight for liberation.

People who love the US, and like an authoritarian world always say that a weakening dollar is impossible and there is no new world order. They are just trying to deny the truth, they don't want to accept what is happening. Indeed, de-dollarization is no longer a theory but is becoming stronger than ever. I am really waiting for a new world order, a fairer world for all countries.

A new world order is being formed and we should accept what is happening.



By the way, the recent coups in Africa are sure to be bloody and cause heavy damage. But in the long run I think it's good for them, I always have one question, most of those countries are French colonies. But why after all these years have they not made any significant progress for their country? Are they working but they are not the ones enjoying the results?

I found this photo from a fanpage advocating freedom for Africa. It's worth thinking about.

[Inwestour]

Politicians all over the world regardless of their language, culture and background all talk one common language, which is the language of benefits, they want to obtain benefits for themselves and for that they need to strengthen their country somewhat as this makes them stronger as well, the main problem many countries have is that they are holding most of their wealth in reserve by using the US dollar, but the US has been printing money massively for the last 15 years or so affecting the interests of countries all around the world, and as such it is natural those countries do not want this to continue and look for alternatives, which by the way is exactly what we are doing by using gold or bitcoin to store our wealth instead of using fiat currencies.

There are many countries that understand this and focus on gold and foreign exchange reserves, but at the same time they also have large reserves of dollars that they need for foreign economic activity, or if there are not many such reserves, then they are still obliged to buy dollars for mutual transactions, or something like that, for paying off external debt. Bitcoin for the reserve is practically not used countries, in this it is very much inferior to gold, but perhaps in the future this may change if it strengthens its position and is legalized by many countries.

[pooya87]

Before the Russia invasion in Ukraine, years before that, the French President Macron warned that European nations must have another leader and must get rid of their dependence on the USA. It is an early signal of European nations that want to have dedollarisation before the pandemic.

The pandemic, economic crisis, the Ukraine war only trigger this delloarisation process happens more seriously.

Something interesting to ponder is that dedollarisation can be a bigger threat to Europe than to United States. As the dedollarisation grows, all these printed dollars in global circulation would have to go back to their origin (USA) but that would cause hyper ultra inflation in United States. However, there's is this law that would be enforced to prevent those dollars from coming back to keep the US inflation "exported". In a world where Europe is left dollarised, EU will have to bear that inflation.

This is exactly why a lot of politicians in Europe have been warning about staying "close" to US as the sinking ship. Macron is only one of them.
This reminds of a quote assigned to Henry Kissinger: "To be an enemy of America can be dangerous, but to be a friend is fatal."

Concerning Iran; come on, you're attributing superpower status based on one economic quarter? standing

Well, yes and no.
- No because economy alone is not what makes a country "super power". There are a lot of different factors involving geopolitical presence and effect, geography, infrastructures, resources, military, "reach", international allies, population, etc. and even when it comes to economy you can't just analyze it based on one factor like inflation or GDP growth. Even each of these factors alone can not be analyzed based on raw numbers and one-liner twitter like comments.
- Yes because if we only focus on economy, the past year is an excellent indication of the massive potential of growth Iran's economy has and the extremely ready infrastructure like ready to use factories and production lines that used to work at a tiny portion of their capacity, top quality products in many fields including high tech that can easily eliminate their foreign counterparts and most importantly ultra cheap production cost which helps that elimination in the competitive global scene. This past year Iran has been heavily dedollarising by the way.

[MusaMohamed]

Something interesting to ponder is that dedollarisation can be a bigger threat to Europe than to United States. As the dedollarisation grows, all these printed dollars in global circulation would have to go back to their origin (USA) but that would cause hyper ultra inflation in United States. However, there's is this law that would be enforced to prevent those dollars from coming back to keep the US inflation "exported". In a world where Europe is left dollarised, EU will have to bear that inflation.

I did not thought about it and your post enlightens me, thanks.

JP. Morgan just published their article on it and I am reading it too. De-dollarization: Is the US dollar losing its dominance?.

This is exactly why a lot of politicians in Europe have been warning about staying "close" to US as the sinking ship. Macron is only one of them.
This reminds of a quote assigned to Henry Kissinger: "To be an enemy of America can be dangerous, but to be a friend is fatal."

Macron is smart and he wants to build his nation, France, as a new leader of NATO and want to escape from the USA. impact. His vision must be continued with future Presidents of France that is unrealistic. In Western nations, politics can change quickly and national strategies can be changed a lot by different Presidents and their presidencies.

Henry Kissinger still is an important politician even he turns 100. He was very warmly welcomed by China months ago while current US. Secretary of State, Antony J. Blinken, was not received similar warm welcome.

[palle11]

- Yes because if we only focus on economy, the past year is an excellent indication of the massive potential of growth Iran's economy has and the extremely ready infrastructure like ready to use factories and production lines that used to work at a tiny portion of their capacity, top quality products in many fields including high tech that can easily eliminate their foreign counterparts and most importantly ultra cheap production cost which helps that elimination in the competitive global scene. This past year Iran has been heavily dedollarising by the way.

I will prefer you first analysis to this yes analysis for Iran. Iran might have had very good economic growth this past years but like you also confirmed, being a super power doesn't only cover economic growth and factories waiting to be used. Iran doesn't yet have international coverage or presence like US, Russia or even China. Russia and china can fit into the shoe more than Iran. The presence and awareness of BRICS is getting the new world order closer in the face of the leaders of BRICS.

[Franctoshi]

Looking at the system you could realize that the system looks unsustainable and may head to collapsing because the government keeps printing more and more money into the system.
De-dolarization is possible, Take for Instance based on Bricks nation's mission to shift away from dependency on US dollars and if the people Republic of China decides to dump on US bonds, and more countries follow suit, or countries that export crude oil and petroleum product starts demanding payments in their local fiat currencies, What do you think would happen to the United States dollar?

[pooya87]

Iran doesn't yet have international coverage or presence like US, Russia or even China.

Actually Iran's presence is in a way much higher and more serious than US, Russia and China but it is of a different nature in comparison.
US presence in different places is either by force (invasion and genocide) or by colonizing, China's presence is always from the economy perspective (with investments, loans, etc), and Russia's presence is usually from resources and military presence to fight their battles abroad (like Wagner in Africa).

Iran's presence on the other hand is first and foremost revival of the ancient relations some of which dates back a thousand years. It is sometimes ideological bonds which Iran seeks to expand and solidify across the globe, sometimes it is just mutual interest like elimination of extremism and terrorism, to build infrastructure, etc. But in all cases it is kept out of the news for many reasons which would be off-topic here.

It is everywhere too. For example Iran has an active and large scale presence in USA background, ie. Latin America specially since Iran is a successful and kind of the leader of Anti-Imperialism in the world.
Same in Africa, as the successful case of Anti-Colonialism and Anti-Extremism and Anti-Terrorism there is a lot of mutual interests between Iran and Africa as a whole not to mention the decades of experience that Iran is relaying to them. This is why for the past couple of decades Iran has been helping many African nations deal with US backed terrorist organizations like Da'esh.
And of course in Asia from West which is where Iran is located itself and has the most dominance and allies to the East and South. For example one thing you won't find in the news is how Sri Lanka got rid of its decade long fight with insurgencies of the separatist militia with the help of Iran.

[dothebeats]

I agree with you. I think it's the best that way. If the BRICS can be strong then it will make the antithesis of the USD. Such conditions might be good because there is no absolute power, but it could also trigger a third world war

In my opinion, it is more or less true that the new currency pioneered by the BRICS group will affect world trade, foreign direct investment and investor portfolios and this also has the potential to cause geopolitical turmoil, one thing that is visible is that this process will take a long time and require years of cooperation. years that ultimately phased out local currencies.

It will surely take years for any changes to happen as per anything that has to do with BRICS. However, it should not be ignored that BRICS is a big change, and applies such difference especially now that countries who is a member of this group have the drive and muscle to say that they are a part of BRICS and is backed by them. Granted, the US has the history and the dominance for years that will not be easily taken down. Despite some unstable relationships that some countries have with the US it cannot be questioned that they are still heavily dependent on the US in terms of security and trade, not to mention the USD. The real threat, however, that BRICS have against the US is the 40 countries that showcased their interest in joining the group. However, that will even take years to have an actual effect if those 40 countries actually get in.

[irhact]

Looking at the system you could realize that the system looks unsustainable and may head to collapsing because the government keeps printing more and more money into the system.
De-dolarization is possible, Take for Instance based on Bricks nation's mission to shift away from dependency on US dollars and if the people Republic of China decides to dump on US bonds, and more countries follow suit, or countries that export crude oil and petroleum product starts demanding payments in their local fiat currencies, What do you think would happen to the United States dollar?

For how long have we been speaking about the dollars becoming weak against other world currency, this has been going on for so long now and I don't think we'll see an end to it unless the United States stopped been the world power that's when the US dollars will lose its significant authority in the world for trade. There's no world currency as valued as the US dollars so China won't dump the bonds as you're saying. BRICS can't have full effect as it'll take some time to be effective.

Generally fiat currencies are becoming worthless due to inflation but the US dollars stands above other currency when it comes to trade power and that's how it's going to be. BRICS has the power to overthrown the US dollars but alot of things has to happened for it to be successful.

[DrBeer]

No matter how much mental self-satisfaction some individuals engage in, the fact and reality remains that:
- China continues to accumulate U.S. government bonds in its reserves
- All BRICS countries are trying to sell finished products for international currency as much as possible, while buying back raw materials for their local currency.
- The U.S. economy, unlike most other economies, is growing.
- Countries with good partnerships with the US and the EU are more stable and predictable. The leading BRICS economies, China and India, are categorically reluctant to worsen their economic relations.
- Any squeals about dedollarization, when checked, turn out to be empty sounds

[stompix]

People who love the US, and like an authoritarian world always say that a weakening dollar is impossible and there is no new world order. They are just trying to deny the truth, they don't want to accept what is happening. Indeed, de-dollarization is no longer a theory but is becoming stronger than ever. I am really waiting for a new world order, a fairer world for all countries.

A new world order is being formed and we should accept what is happening.

Yeah, yeah, let's invent a new metric to tell poor people they are not actually poor.
But since we're on Bitcointalk shouldn't we talk about wealth in Bitcoin" So let's look at those GDP numbers in BTC
Already done math:

Brics GDP:
China   589,171,528 BTC
India   105,428,505 BTC
Russia   66,057,674 BTC
Brazil   53,454,518 BTC
South Africa   13,951,694 BTC
Total 828,063,919 BTC

G7 GDP:
United States   763,990,033 BTC
Japan   164,033,953 BTC
Germany   140,302,857 BTC
United Kingdom   105,875,747 BTC
France   97,590,465 BTC
Canada   66,057,674 BTC
Italy   70,023,355 BTC
Total 1,407,874,086 BTC

So in BTC , BRICS is actually half of G7!
Now BRICS has added penniless Iran, Ethiopia, Egypt, and a few others that barely matter.
G7 has allies and trading partners like South Korea, Australia, Spain and the Netherlands who just by themselves have a bigger GDP than Russia and India combined!

To see the harsh reality beyond those numbers just take a look at my topic:

Days you need to work your ass at minimum wage for a BTC, by country

Let's look at Brics:
Brazil - 3,746 India -16,246 China 4,145 Russia 4,138 South Africa
vs
Germany 371  

So, how much does it matter that you have a 3 billion people when everyone just wants to flee those countries?
If the G7 is in such bad shape why is BRICS losing 4 million citizens that emigrate to G7 countries each year?

The top six countries of birth for new LPRs in FY 2021 were Mexico (14 percent), India (13 percent), mainland China (7 percent), the Philippines (4 percent), and the Dominican Republic and Cuba (3 percent apiece). Together, these countries represented about 44 percent of all new green-card recipients in FY 2021.

There is propaganda and there is reality! But don't worry, you can't miss it no matter how much you try to avoid it, it will hit you like a brick wall!

Oh btw, I see you're in a campaign that pays in...what? Rubles? Yuan? Rials?
If you hate the dollar that much how do you feel getting paying in $ equivalent and keeping the petrodollar alive?

[DrBeer]

....

Great example and explanations, thank you !
For me the "perfect example" of how the "high standard of living" is painted is russia. After Putin "called, ordered, demanded, pushed, made leaps and bounds", and in 20 years the level of real life has fallen "below the plinth", and the state statistics could no longer stupidly manipulate the data, and the indicators became available and understandable.... The ideal solution is to CHANGE the head of the Russian Ministry of Statistics, he "draws" a new "model for assessing the standard of living of Russians" in a couple of days - and voila ! "Life has become better, incomes have increased, inflation has fallen". And everyone swallowed it, but they do not understand why it is better to live according to the new indicators, incomes are higher, but in the real pocket there is less money and higher prices

[darewaller]

well, I think the US is too busy with things other than their dollar, I understand that they are a strong country, but don't forget how China is even No. 2 in the world in terms of the economy, plus the conflict with Russia, I think the focus of the US will be divided so much that it pays less attention to this, well, if the US Dollar weakens, it is likely that the number 1 will be taken over by the Chinese currency.

Yes, they need to do that because a currency is not the only thing that can make a country powerful but there are other important things too. It does not mean they don't monitor their currency, they still do that. US might be the strongest and other countries are only at their back but some of them like China are still a big threat to them and can possibly overcome them if they don't try harder.

Personally, I don't see any signs of a serious weakening of the dollar. If we take the dollar and the Russian ruble, the dollar has again reached over 90 rubles per dollar. And they talk about some kind of dedollarization, although so far everything is happening the other way around. A similar situation is observed in other countries

Same here. Maybe they think it's weakening because they see that the value of the dollar is dropping but they didn't know or forget that it was only normal. Even the stable coin's do also know how to fluctuate despite being known to be a stable currency. I think we can only get alarmed once their value drop so hard that it doesn't returned to 1 dollar immediately.

[SmartCharpa]

In reality it's a different USA dollar getting stronger and USA is now most influenced power in the world.
We can understood USA have most power in the world.
And dollar Even the russians dealing with dollars there was case that baltic country leader husband was dealing with russia and Also not even euro currency but dollars was used for deals.

Now people talking about bricks...that it's a backed by gold... right but who controls the gold Market? USA and UK comex its chigaco nyc and London If they want UK and USA they make gold price how they want.

The Putin x ping chuina and non of the bricks countries are not serious and looking funny until USA controls the gold price together with UK and controls the markets with USD trading currency mostly.

Even china and Putin knows they are fools and it's all circus


It's time to say how the things Are really happening in the world

A wise man once said that power that you see is transient, why do you see that over the years, richest person change, this is to tell you that nothing is permanent forever, that change is natural and it must surely happen with the USA as well. Russia maybe chaotic and violent as they have been attacking Ukraine because of politics but that doesn't make the US a scent, they have done worst to Afghans and Syria, they are already fueling little Taiwan to wage war against almighty China which I see as another case of Russia and Ukraine, they wouldn't win, US might be leading for now but that power will change one day.

US dollar is strong because countries are still using it to settle debts and trade, to them it might be valuable because that is how the US want it to look in the face of others but you should do more assignment on value of dollar in the united state, many times it was reported that their value is reducing every day and if they want to make it worst, once people stop using dollars for international trade, the US will suffer for it.

The world can be in better place if this countries unite together, the US, China, Russia are all looking for opportunity because they are already made countries, the small undeveloped and developing countries need to work on their countries to be independent, that way the fight will reduce because nothing they will want to offer and by that, there will be unlimited choices to make and also the right to reject any of their offers.

Be save and avoid war mate, nobody win in a war, there are always casualty.

[bakasabo]

My notice. I got just returned from Turkey. Besides their national currency, Turkish Lira, I saw that vendors, hotels and service providers have switched to Euro. Previous time I have visited Turkey was two years ago, and that time I've made all payments in USD. Now it was Euro everywhere. And that was not only in tourist area. They write prices in Euro, but give you receipts in TRY with a remark like "0.2 EUR = 5.80 TRY".

[DrBeer]

My notice. I got just returned from Turkey. Besides their national currency, Turkish Lira, I saw that vendors, hotels and service providers have switched to Euro. Previous time I have visited Turkey was two years ago, and that time I've made all payments in USD. Now it was Euro everywhere. And that was not only in tourist area. They write prices in Euro, but give you receipts in TRY with a remark like "0.2 EUR = 5.80 TRY".

I'm going to have to disappoint you

For example, since 2018 approximately, when Russia took offense at Turkey, and did not think of anything better as a ban on visits to Turkey by Russian citizens - in Turkey, in the tourist zone payments were accepted in dollars, euros and Ukrainian hryvnia .
We used to vacation in Turkey all the time, since about 2003, and then the dollar was almost "the second official currency". Now I communicate with friends who are Turkish citizens - the dollar is also accepted. The only nuance - the turnover of EURO has increased, as the number of tourists who used to bring dollars - residents of Ukraine, Russia, Belarus - has decreased. Europeans, it is logical to assume, go with their EURO.

PS Here's another example - a friend's mother sells Turkish things. She travels independently and buys in Turkey. She settlements with manufacturers in dollars, and no one refuses to accept them

[Hispo]

My notice. I got just returned from Turkey. Besides their national currency, Turkish Lira, I saw that vendors, hotels and service providers have switched to Euro. Previous time I have visited Turkey was two years ago, and that time I've made all payments in USD. Now it was Euro everywhere. And that was not only in tourist area. They write prices in Euro, but give you receipts in TRY with a remark like "0.2 EUR = 5.80 TRY".

I'm going to have to disappoint you

For example, since 2018 approximately, when Russia took offense at Turkey, and did not think of anything better as a ban on visits to Turkey by Russian citizens - in Turkey, in the tourist zone payments were accepted in dollars, euros and Ukrainian hryvnia .
We used to vacation in Turkey all the time, since about 2003, and then the dollar was almost "the second official currency". Now I communicate with friends who are Turkish citizens - the dollar is also accepted. The only nuance - the turnover of EURO has increased, as the number of tourists who used to bring dollars - residents of Ukraine, Russia, Belarus - has decreased. Europeans, it is logical to assume, go with their EURO.

PS Here's another example - a friend's mother sells Turkish things. She travels independently and buys in Turkey. She settlements with manufacturers in dollars, and no one refuses to accept them

I don't know about you, but in my eyes it kind of bizarre how a country can switch between currencies in such a drastic manner. I can understand the impact of inflation and how it can force people to adopt a new de facto foreign coin, but if they switched from dollars to Euros because the influx of tourists, then it makes me believe Turkey must be a country which heavily depends on tourist, rather than international exportation of goods, because in the international market the USD is still the standard, specially in western ones.

[bakasabo]

My notice. I got just returned from Turkey. Besides their national currency, Turkish Lira, I saw that vendors, hotels and service providers have switched to Euro. Previous time I have visited Turkey was two years ago, and that time I've made all payments in USD. Now it was Euro everywhere. And that was not only in tourist area. They write prices in Euro, but give you receipts in TRY with a remark like "0.2 EUR = 5.80 TRY".

I'm going to have to disappoint you

For example, since 2018 approximately, when Russia took offense at Turkey, and did not think of anything better as a ban on visits to Turkey by Russian citizens - in Turkey, in the tourist zone payments were accepted in dollars, euros and Ukrainian hryvnia .
We used to vacation in Turkey all the time, since about 2003, and then the dollar was almost "the second official currency". Now I communicate with friends who are Turkish citizens - the dollar is also accepted. The only nuance - the turnover of EURO has increased, as the number of tourists who used to bring dollars - residents of Ukraine, Russia, Belarus - has decreased. Europeans, it is logical to assume, go with their EURO.

PS Here's another example - a friend's mother sells Turkish things. She travels independently and buys in Turkey. She settlements with manufacturers in dollars, and no one refuses to accept them

Maybe this is just local thing in Antalya and Kemer. As a european, I used to take dollars also with me all the time we visit Turkey. This time I was focused more on vacation, so I barely took US dollars with, because I did not plan to leave hotel at all. Was surprised to see EUR everywhere. Maybe this is just local Turkish smart move, as they charge 1 USD = 1 EUR rate.

P.S. I have planned not to spend much and did not take much USD - paid in EUR instead. My plan has failed...

I don't know about you, but in my eyes it kind of bizarre how a country can switch between currencies in such a drastic manner. I can understand the impact of inflation and how it can force people to adopt a new de facto foreign coin, but if they switched from dollars to Euros because the influx of tourists, then it makes me believe Turkey must be a country which heavily depends on tourist, rather than international exportation of goods, because in the international market the USD is still the standard, specially in western ones.

It is ok for Turkey to make currency switch, as tourism is their third biggest income source.

[DrBeer]

My notice. I got just returned from Turkey. Besides their national currency, Turkish Lira, I saw that vendors, hotels and service providers have switched to Euro. Previous time I have visited Turkey was two years ago, and that time I've made all payments in USD. Now it was Euro everywhere. And that was not only in tourist area. They write prices in Euro, but give you receipts in TRY with a remark like "0.2 EUR = 5.80 TRY".

I'm going to have to disappoint you

For example, since 2018 approximately, when Russia took offense at Turkey, and did not think of anything better as a ban on visits to Turkey by Russian citizens - in Turkey, in the tourist zone payments were accepted in dollars, euros and Ukrainian hryvnia .
We used to vacation in Turkey all the time, since about 2003, and then the dollar was almost "the second official currency". Now I communicate with friends who are Turkish citizens - the dollar is also accepted. The only nuance - the turnover of EURO has increased, as the number of tourists who used to bring dollars - residents of Ukraine, Russia, Belarus - has decreased. Europeans, it is logical to assume, go with their EURO.

PS Here's another example - a friend's mother sells Turkish things. She travels independently and buys in Turkey. She settlements with manufacturers in dollars, and no one refuses to accept them

I don't know about you, but in my eyes it kind of bizarre how a country can switch between currencies in such a drastic manner. I can understand the impact of inflation and how it can force people to adopt a new de facto foreign coin, but if they switched from dollars to Euros because the influx of tourists, then it makes me believe Turkey must be a country which heavily depends on tourist, rather than international exportation of goods, because in the international market the USD is still the standard, specially in western ones.

They don't switch. We know that Turkey is not only a tourist country, but tourism is part of Turkey
And as in any tourist country - it has a peculiarity, it has a large flow of potential buyers with different currencies. More precisely with a large flow of major currencies and the desire to buy Turkish goods for them. This Dollar and Euro, also use not often but use the Russian ruble and Ukrainian hryvnia.
I'll tell you - for example in Thailand, the Dominican Republic, Mexico, and many other countries ... - I freely paid in dollars, if we're talking about cash. But I agree that it is not peculiar to all countries - for example, in European countries it is very difficult to pay with non-local currency. For example in Prague - only Czech krona, although the country is also very touristy. Do you have cash dollars/euros ? There is a money changer in the street, go change and pay in Czech krona. In Ukraine I also have hryvnia, the national currency, and all payments are made in cash. There are exchange offices everywhere - no problems.

[Inwestour]

I don't know about you, but in my eyes it kind of bizarre how a country can switch between currencies in such a drastic manner. I can understand the impact of inflation and how it can force people to adopt a new de facto foreign coin, but if they switched from dollars to Euros because the influx of tourists, then it makes me believe Turkey must be a country which heavily depends on tourist, rather than international exportation of goods, because in the international market the USD is still the standard, specially in western ones.

It depends on the region, Turkey has well-developed industrial regions and there are those that are completely dependent on tourists. It is precisely the tourist regions that will accept any currency that tourists bring with them, there is no big difference whether it is dollars or euros, they will simply write the rate at which they accept a certain currency for payment, if this rate does not suit you, you can exchange dollars or euros to lira in exchangers and pay with lira.

[bluebit25]

In fact, what we observe with the current situation, the unemployment index, employment, output, ... refers to the general context of the economy is very difficult, the position of the United States over the years. Recently, it has been struggling with its strong rise in the mid-terms. From the time of the epidemic, to other notable international issues, many large countries are wanting to separate from US control in the economic aspect. I do not expect the competitive scenario to lead to war settlements, but still hope that economic transformation and change will make the countries harmonious, no matter who's economic status, it would be great if they worked together to help people overcome difficulties.

[laurenB7742]

My notice. I got just returned from Turkey. Besides their national currency, Turkish Lira, I saw that vendors, hotels and service providers have switched to Euro. Previous time I have visited Turkey was two years ago, and that time I've made all payments in USD. Now it was Euro everywhere. And that was not only in tourist area. They write prices in Euro, but give you receipts in TRY with a remark like "0.2 EUR = 5.80 TRY".

You mean, you traveled in Turkey and during that time you had to use Euros for all your bills, not USD? Or is it just that some services have switched to using Euro? It would be great if you could ask the people around you why they switched to Euro instead of USD, but I guess you didn't ask them.

Many people still cannot accept that the dominance of the USD is gradually weakening and they still affirm that the USD is still stronger than ever. Yes, the USD is still the global reserve currency, still dominates the world, but it is no longer as popular as it was many years ago. The process of de-dollarization is actually happening.

[Etranger]

I don't know about you, but in my eyes it kind of bizarre how a country can switch between currencies in such a drastic manner. I can understand the impact of inflation and how it can force people to adopt a new de facto foreign coin, but if they switched from dollars to Euros because the influx of tourists, then it makes me believe Turkey must be a country which heavily depends on tourist, rather than international exportation of goods, because in the international market the USD is still the standard, specially in western ones.

I don't see any problem in the fact that the country is tourist-oriented. In many countries, income from tourism is one of the main parts of the budget. Take the Emirates, Austria or Switzerland as an example. And when tourism is a significant part of earnings, the country makes the conditions for tourists as comfortable as possible. And the ability to pay in a currency familiar to the majority of tourists is a very good and smart move. After all, firstly, it increases the flow of tourists, and secondly, the exchange rate is set to the benefit of the host party.

[Mauser]

The Putin x ping chuina and non of the bricks countries are not serious and looking funny until USA controls the gold price together with UK and controls the markets with USD trading currency mostly.

Even china and Putin knows they are fools and it's all circus


It's time to say how the things Are really happening in the world

Russia is no competition to the USA anymore, since the breakup of the USSR the main competitor to the USA is China. China has been doing a great job in building up their country in the last 20 years, they have very strong growth rates. The question is now if China is every going to overtake USA as the world power. At the moment it doesn't look like it, there are many problems in China which will prevent them reaching the same growth rates as in the past. The closer China gets to the USA the harder it will be to keep up strong growth. It was one thing to be the cheap manufacturer of the world to lift their population out of poverty, and something completely different to become a fully developed nation. Also there is a lot of trade wars happening between the two which is going to be a problem for China to get all the technological knowhow they need to advance. The USA is already shifting to other countries for cheap production and manufacturing, for China it's going to be hard to switch.

[slapper]

The Putin x ping chuina and non of the bricks countries are not serious and looking funny until USA controls the gold price together with UK and controls the markets with USD trading currency mostly.

Even china and Putin knows they are fools and it's all circus


It's time to say how the things Are really happening in the world

Russia is no competition to the USA anymore, since the breakup of the USSR the main competitor to the USA is China. China has been doing a great job in building up their country in the last 20 years, they have very strong growth rates. The question is now if China is every going to overtake USA as the world power. At the moment it doesn't look like it, there are many problems in China which will prevent them reaching the same growth rates as in the past. The closer China gets to the USA the harder it will be to keep up strong growth. It was one thing to be the cheap manufacturer of the world to lift their population out of poverty, and something completely different to become a fully developed nation. Also there is a lot of trade wars happening between the two which is going to be a problem for China to get all the technological knowhow they need to advance. The USA is already shifting to other countries for cheap production and manufacturing, for China it's going to be hard to switch.

Geopolitical relations between the US and China are changing. However, decentralized cryptocurrencies change the landscape. China has banned Bitcoin, while the US is hesitant about regulations.

Russia may appear behind post-USSR in the traditional economic sector, but in cryptocurrencies, they're stupid for lacking in blockchain adoption. China's crypto hegemony and trade disputes may slow tech growth. The US has supported Bitcoin developments despite its conservatism.

The power-play is about leading in decentralized tech, not cheap manufacturing or growth. Unless national economies catch up, the decentralized economy will leave them behind.

[pawel7777]

The power-play is about leading in decentralized tech, not cheap manufacturing or growth. Unless national economies catch up, the decentralized economy will leave them behind.

Isn't that a bit of an oxymoron though? How does a nation lead in decentralised technology? Being decentralised means it operates outside of any borders or local laws and it's not controlled by any party, so where's the benefit of it from governments' point of view?
Unless I'm missing something big here, the only advantage is, when you legalise and regulate the use of decentralised systems, you could then tax your citizens on related gains (as opposed to putting them behind bars), but that's hardly a "power-play" from the geopolitics perspective.

[bakasabo]

My notice. I got just returned from Turkey. Besides their national currency, Turkish Lira, I saw that vendors, hotels and service providers have switched to Euro. Previous time I have visited Turkey was two years ago, and that time I've made all payments in USD. Now it was Euro everywhere. And that was not only in tourist area. They write prices in Euro, but give you receipts in TRY with a remark like "0.2 EUR = 5.80 TRY".

You mean, you traveled in Turkey and during that time you had to use Euros for all your bills, not USD? Or is it just that some services have switched to using Euro? It would be great if you could ask the people around you why they switched to Euro instead of USD, but I guess you didn't ask them.

Many people still cannot accept that the dominance of the USD is gradually weakening and they still affirm that the USD is still stronger than ever. Yes, the USD is still the global reserve currency, still dominates the world, but it is no longer as popular as it was many years ago. The process of de-dollarization is actually happening.

At the hotel (food, activities and etc) and in nearby places (sightseeing, shops (not with souvenirs, but local shops with food, market) I have used only Euro, and all the price tags were in Euro (except a shop with food). Several years ago, I had to buy US dollars and use them for purchases in Turkey. This time I have used Euro everywhere. At some places they even gave me GBP coins as change... I could understand that Euro is around only in tourist areas, but I happened to face EUR signs everywhere. That is why I thought that USD is slowly going away from Turkey, when it particularly was like their second currency. I cant now ask why there was Euro all around me, as I have already left Turkey.

[justdimin]

I don't know about you, but in my eyes it kind of bizarre how a country can switch between currencies in such a drastic manner. I can understand the impact of inflation and how it can force people to adopt a new de facto foreign coin, but if they switched from dollars to Euros because the influx of tourists, then it makes me believe Turkey must be a country which heavily depends on tourist, rather than international exportation of goods, because in the international market the USD is still the standard, specially in western ones.

I don't see any problem in the fact that the country is tourist-oriented. In many countries, income from tourism is one of the main parts of the budget. Take the Emirates, Austria or Switzerland as an example. And when tourism is a significant part of earnings, the country makes the conditions for tourists as comfortable as possible. And the ability to pay in a currency familiar to the majority of tourists is a very good and smart move. After all, firstly, it increases the flow of tourists, and secondly, the exchange rate is set to the benefit of the host party.

Definitely something that is nice for a nation, also the meaning is nice as well. Like for example if you make money from industry, that means people prefer to buy stuff from you, if you make money from financial stuff, it means people like to make money with you, but if you make the most money from tourism, that means people love to visit your nation and love seeing your nation, which means your nation is worthy of seeing, that's a good meaning, it must mean good things.

Doesn't mean the nation must be rich, people at bora bora are not richer than most people at New York, but it's still preferable destination to be in rather than a crowded city. That's the point of the tourism income and it's a good one.

[DrBeer]

My notice. I got just returned from Turkey. Besides their national currency, Turkish Lira, I saw that vendors, hotels and service providers have switched to Euro. Previous time I have visited Turkey was two years ago, and that time I've made all payments in USD. Now it was Euro everywhere. And that was not only in tourist area. They write prices in Euro, but give you receipts in TRY with a remark like "0.2 EUR = 5.80 TRY".

I'm going to have to disappoint you

For example, since 2018 approximately, when Russia took offense at Turkey, and did not think of anything better as a ban on visits to Turkey by Russian citizens - in Turkey, in the tourist zone payments were accepted in dollars, euros and Ukrainian hryvnia .
We used to vacation in Turkey all the time, since about 2003, and then the dollar was almost "the second official currency". Now I communicate with friends who are Turkish citizens - the dollar is also accepted. The only nuance - the turnover of EURO has increased, as the number of tourists who used to bring dollars - residents of Ukraine, Russia, Belarus - has decreased. Europeans, it is logical to assume, go with their EURO.

PS Here's another example - a friend's mother sells Turkish things. She travels independently and buys in Turkey. She settlements with manufacturers in dollars, and no one refuses to accept them

Maybe this is just local thing in Antalya and Kemer. As a european, I used to take dollars also with me all the time we visit Turkey. This time I was focused more on vacation, so I barely took US dollars with, because I did not plan to leave hotel at all. Was surprised to see EUR everywhere. Maybe this is just local Turkish smart move, as they charge 1 USD = 1 EUR rate.

P.S. I have planned not to spend much and did not take much USD - paid in EUR instead. My plan has failed...

I don't know about you, but in my eyes it kind of bizarre how a country can switch between currencies in such a drastic manner. I can understand the impact of inflation and how it can force people to adopt a new de facto foreign coin, but if they switched from dollars to Euros because the influx of tourists, then it makes me believe Turkey must be a country which heavily depends on tourist, rather than international exportation of goods, because in the international market the USD is still the standard, specially in western ones.

It is ok for Turkey to make currency switch, as tourism is their third biggest income source.

Just to clarify a little bit:
1. and most importantly, multicurrency in common usage does have "regional peculiarities". Self - tourist area. From Bodrum to Alanya. At least in these areas I have been to often. The second is the "shopping centers of Turkey".

2- Regarding EURO. Yes, there is a nuance - "confidence" in the Euro in the Turkish market, I'm talking again about the tourist zone, did not appear immediately. And initially the priority was given to the dollar. And I agree, in the early 2000 and until about 2010 I saw Europeans more often paying in dollars than in euros.

3.Historically, from Eastern Europe or ex-USSR countries almost always carried dollars.

4. At the same time, if we do not talk about purchases at the bazaar and small shops, a very convenient mechanism of payment is payment by card. It works perfectly, the rate is quite acceptable. I in Turkey often paid for purchases by card, and it was an account with Ukrainian hryvnia, when paying there was an automatic debit in Turkish lira / dollars at the rate of the national bank.

[G_Besar]

In fact, what we observe with the current situation, the unemployment index, employment, output, ... refers to the general context of the economy is very difficult, the position of the United States over the years. Recently, it has been struggling with its strong rise in the mid-terms. From the time of the epidemic, to other notable international issues, many large countries are wanting to separate from US control in the economic aspect. I do not expect the competitive scenario to lead to war settlements, but still hope that economic transformation and change will make the countries harmonious, no matter who's economic status, it would be great if they worked together to help people overcome difficulties.

Generally, each country will only care about the economy in its own region because any country will not always have the heart to see the condition of its people who always live in difficulty. The United States itself also still wants to maintain good relations with many countries, especially countries that have production raw materials that can be used as their capital to continue running factories and companies producing ready-to-use goods.

This means that unemployment, jobs and people's permanent income can still be created when large companies and factories can still operate as usual so that not many people experience difficulties in the economic sector. Because every country will continue to collaborate with related parties in order to continue with better development, even though it is slower because they have to face difficult conditions like now.

[bakasabo]

Just to clarify a little bit:
4. At the same time, if we do not talk about purchases at the bazaar and small shops, a very convenient mechanism of payment is payment by card. It works perfectly, the rate is quite acceptable. I in Turkey often paid for purchases by card, and it was an account with Ukrainian hryvnia, when paying there was an automatic debit in Turkish lira / dollars at the rate of the national bank.

My bank account is in Euro, and paying by card, specially in small shops and at the bazaar was very unprofitable for me. Example - I want to buy a bottle of cola in a small shop. It cost 2 EUR based on the tag. At the cash desk they charge my card TRY with rate 0.25 EUR for 1 TRY, while google shows 0.34, and national bank shows 0.3 (and my bank uses completely different exchange rate). They charge me 8 TRY, for which the bank deduct me for 2.4 EUR + 2.5 EUR exchange fee. Even if I would buy TRY at home, that bottle would cost me less. When was the last time you were in Turkey ?

[DrBeer]

Just to clarify a little bit:
4. At the same time, if we do not talk about purchases at the bazaar and small shops, a very convenient mechanism of payment is payment by card. It works perfectly, the rate is quite acceptable. I in Turkey often paid for purchases by card, and it was an account with Ukrainian hryvnia, when paying there was an automatic debit in Turkish lira / dollars at the rate of the national bank.

My bank account is in Euro, and paying by card, specially in small shops and at the bazaar was very unprofitable for me. Example - I want to buy a bottle of cola in a small shop. It cost 2 EUR based on the tag. At the cash desk they charge my card TRY with rate 0.25 EUR for 1 TRY, while google shows 0.34, and national bank shows 0.3 (and my bank uses completely different exchange rate). They charge me 8 TRY, for which the bank deduct me for 2.4 EUR + 2.5 EUR exchange fee. Even if I would buy TRY at home, that bottle would cost me less. When was the last time you were in Turkey ?

Strange enough... Why does the issuing bank of your card, in fact, have the right to convert your currency at ITS OWN rate?
In Ukraine, cross-border payments are made at the rate of the National Bank. This applies to any card transactions. For example, I am converting the hryvnia on the map into:
- dollars when buying on Aliexpress
- Turkish lira, when buying goods in Turkey
- in USD or Euro, in DutyFree shops, when I am at the airports
- and even on the site powercoin.it, when I buy numismatic products there - the equivalent amount in hryvnias is deducted from me (the amount in Euro * the rate of the National Bank)

There are more questions for your bank, these are his "tricks"

[hafiztalha]

In fact, what we observe with the current situation, the unemployment index, employment, output, ... refers to the general context of the economy is very difficult, the position of the United States over the years. Recently, it has been struggling with its strong rise in the mid-terms. From the time of the epidemic, to other notable international issues, many large countries are wanting to separate from US control in the economic aspect. I do not expect the competitive scenario to lead to war settlements, but still hope that economic transformation and change will make the countries harmonious, no matter who's economic status, it would be great if they worked together to help people overcome difficulties.

There is no to devalue of dollar because USA economy is very strong. They are involved in every War and they sell their  weapons . That is why,their economy value can't fall. There are thousands of which are investing in dollars and now in International market it's position is very strong. In last month it's value fell 5 percent but now it's value
static and it's value will increase due to War of Israel and phalasteen. USA is companion of Israel and USA don't want peace in the earth .If peace is everywhere then who will buy the weapons of USA.Also USA economy is strong due to education public of America.

[Juse14]

In fact, what we observe with the current situation, the unemployment index, employment, output, ... refers to the general context of the economy is very difficult, the position of the United States over the years. Recently, it has been struggling with its strong rise in the mid-terms. From the time of the epidemic, to other notable international issues, many large countries are wanting to separate from US control in the economic aspect. I do not expect the competitive scenario to lead to war settlements, but still hope that economic transformation and change will make the countries harmonious, no matter who's economic status, it would be great if they worked together to help people overcome difficulties.

There is no to devalue of dollar because USA economy is very strong. They are involved in every War and they sell their  weapons . That is why,their economy value can't fall. There are thousands of which are investing in dollars and now in International market it's position is very strong. In last month it's value fell 5 percent but now it's value
static and it's value will increase due to War of Israel and phalasteen. USA is companion of Israel and USA don't want peace in the earth .If peace is everywhere then who will buy the weapons of USA.Also USA economy is strong due to education public of America.

“Wolves in sheep's clothing” is a fitting term to describe the United States today. The US is clearly a founding country and upholder of human rights both domestically and in the world, but it seems like the US is denying this, America has come like a hero in creating world peace. However, America also triggered conflicts between countries that ended in war. And with the many conflicts that occur, this makes most countries compete to strengthen their defenses by continuing to buy defense equipment, and it is true that the biggest supplier of defense equipment and war is the United States, so that when peace is created, the US will be at a huge disadvantage. .

[arimamib]

Generally, each country will only care about the economy in its own region because any country will not always have the heart to see the condition of its people who always live in difficulty. The United States itself also still wants to maintain good relations with many countries, especially countries that have production raw materials that can be used as their capital to continue running factories and companies producing ready-to-use goods.

This means that unemployment, jobs and people's permanent income can still be created when large companies and factories can still operate as usual so that not many people experience difficulties in the economic sector. Because every country will continue to collaborate with related parties in order to continue with better development, even though it is slower because they have to face difficult conditions like now.

Countries are naturally inclined to prioritize their own economic interests because the well-being of their citizens is ultimately their responsibility, but this doesnt mean that countries are completely isolationist. They often maintain trade relations with other countries, especially those that have resources they need to fuel their own industries.

Of course, countries also need to balance their economic interests with other considerations, like national security and environmental protection. They may also need to cooperate with other countries on issues such as climate change and pandemics. while countries are naturally focused on their own economies, they also need to maintain positive relationships with other countries in order to achieve their long-term goals. This requires a delicate balance between self-interest and cooperation.

[dansus021]

yea I also think the same shit I mean if we creating fiat backed by gold today the US and UK is controlling most of the gold right now and they combine has the biggest reserve in the world currently. If you look at the Gold price The volatility is not as strong as the bitcoin I mean a yearly hold gold only make Up by single digit percentage.

and yes the US dollar is getting strong especially in my country here take a look the image.

14% up just in 3 year

[philipma1957]

In fact, what we observe with the current situation, the unemployment index, employment, output, ... refers to the general context of the economy is very difficult, the position of the United States over the years. Recently, it has been struggling with its strong rise in the mid-terms. From the time of the epidemic, to other notable international issues, many large countries are wanting to separate from US control in the economic aspect. I do not expect the competitive scenario to lead to war settlements, but still hope that economic transformation and change will make the countries harmonious, no matter who's economic status, it would be great if they worked together to help people overcome difficulties.

There is no to devalue of dollar because USA economy is very strong. They are involved in every War and they sell their  weapons . That is why,their economy value can't fall. There are thousands of which are investing in dollars and now in International market it's position is very strong. In last month it's value fell 5 percent but now it's value
static and it's value will increase due to War of Israel and phalasteen. USA is companion of Israel and USA don't want peace in the earth .If peace is everywhere then who will buy the weapons of USA.Also USA economy is strong due to education public of America.

USA
France
UK
Russia
China

all make serious cash selling weapons.

Even Turkey was clearing out drones like made selling to Ukraine.
Lastly Iran has been dealing in weapons for a while.


So warmongering is a big industry and quite a few people are in on it.

When I was a young man I was naive enough to think the U.S.A. wanted to keep the peace the reality is many countries make good money selling weapons so peace is a very wishful idea.

[arimamib]

~

Countries are naturally inclined to prioritize their own economic interests because the well-being of their citizens is ultimately their responsibility, but this doesnt mean that countries are completely isolationist. They often maintain trade relations with other countries, especially those that have resources they need to fuel their own industries.

Of course, countries also need to balance their economic interests with other considerations, like national security and environmental protection. They may also need to cooperate with other countries on issues such as climate change and pandemics. while countries are naturally focused on their own economies, they also need to maintain positive relationships with other countries in order to achieve their long-term goals. This requires a delicate balance between self-interest and cooperation.

well yeah.. Countries need to balance their economic interests with other concerns like national security, social welfare, and human rights. Governments must scale the costs and benefits of different policies in order to make decisions for the best interests of their citizens.

For example, a country might choose to impose tariffs on imports from other countries in order to protect its own industries. This could lead to higher prices for consumers and could also damage relationships with other countries, but Governments need to be prepared for the consequences. The goal of any government is to improve the lives of its citizens. This requires a careful balance of economic interests with other considerations. Governments must be willing to make tough decisions in order to achieve their long-term goals.

[Uruhara]

USA
France
UK
Russia
China

all make serious cash selling weapons.

Even Turkey was clearing out drones like made selling to Ukraine.
Lastly Iran has been dealing in weapons for a while.


So warmongering is a big industry and quite a few people are in on it.

When I was a young man I was naive enough to think the U.S.A. wanted to keep the peace the reality is many countries make good money selling weapons so peace is a very wishful idea.

And just imagine if weapons manufacturers who continue to make weapons and accumulate more and more will definitely suffer losses if they don't immediately release the stock of weapons they have produced if this world remains peaceful. So war scenarios and the like even become big profits for weapons manufacturers. And I don't know whether that's true or not, but I read and watched news about the weapons used in war today, which are weapons that have been produced for quite a long time and are not the newest. The point is that the current war is to sell old weapons that have been piling up. And perhaps if the war continues then newer, more deadly weapons will come into use. And of course the price will definitely be more expensive. So now it's more like a strategy to get rid of old content.

So in the end, this war is one of a small part of an economic strategy. And ultimately this is big business.

The US is always reported to be in economic difficulty but that is in economic news. But I see that in reality their economy is indirectly continuing to strengthen. The currency in my country continues to decline in value compared to the dollar. Which makes every imported item  very expensive here. But when it comes to people's welfare, I am proud of my country, Indonesia. Because here, even someone who is a beggar in a big city turns out that in reality they have a hometown and what is even more surprising is that they can build a luxurious house in their hometown. Sometimes I'm shocked to see this. 

[cryptoknightt]

I think so, even though the dollar is said to be weakening and so on, but in fact the dollar is strengthening against other currencies, even though the government is printing more banknotes every day, still the value of the dollar against other currencies is stable and tends to rise, this indicates that the dollar is still strong on.

[southerngentuk]

In fact, what we observe with the current situation, the unemployment index, employment, output, ... refers to the general context of the economy is very difficult, the position of the United States over the years. Recently, it has been struggling with its strong rise in the mid-terms. From the time of the epidemic, to other notable international issues, many large countries are wanting to separate from US control in the economic aspect. I do not expect the competitive scenario to lead to war settlements, but still hope that economic transformation and change will make the countries harmonious, no matter who's economic status, it would be great if they worked together to help people overcome difficulties.

Generally, each country will only care about the economy in its own region because any country will not always have the heart to see the condition of its people who always live in difficulty. The United States itself also still wants to maintain good relations with many countries, especially countries that have production raw materials that can be used as their capital to continue running factories and companies producing ready-to-use goods.

This means that unemployment, jobs and people's permanent income can still be created when large companies and factories can still operate as usual so that not many people experience difficulties in the economic sector. Because every country will continue to collaborate with related parties in order to continue with better development, even though it is slower because they have to face difficult conditions like now.

Every country is interested in its regional economy because it has a direct impact on that country's economic interests. As the regional economy develops, countries in the region will have opportunities to cooperate, trade, and invest with each other, thereby providing economic growth. On the contrary, when the regional economy is in recession, countries in the region will be negatively affected, leading to economic growth decline, unemployment, income deceleration,...

In the current context, the world faces many economic formulas. Of course, countries in the region still want to maintain good relations with each other to continue cooperation, trade and investment, thereby promoting regional economic growth.

[gunhell16]

In reality it's a different USA dollar getting stronger and USA is now most influenced power in the world.
We can understood USA have most power in the world.
And dollar Even the russians dealing with dollars there was case that baltic country leader husband was dealing with russia and Also not even euro currency but dollars was used for deals.

Now people talking about bricks...that it's a backed by gold... right but who controls the gold Market? USA and UK comex its chigaco nyc and London If they want UK and USA they make gold price how they want.

The Putin x ping chuina and non of the bricks countries are not serious and looking funny until USA controls the gold price together with UK and controls the markets with USD trading currency mostly.

Even china and Putin knows they are fools and it's all circus


It's time to say how the things Are really happening in the world

You know the truth: the US has no backup gold, but why are they still recognized as a strong currency? They are also the country with the biggest debt in the world. Why?

That's because their deal offer is good for the interest on the money they will lend to the countries they actually lend to. Besides that, there are other reasons. As the state of their economy is quite good, that's why it's the same if other countries lend them too much.

[ichsan ardi]

Money today and maybe for the next 25 years will not be backed by gold. Who knows what BRICS are planning but sure they couldn't just jump into a fiat-backed gold currency. One thing is for sure though and it's currently happening that countries today are bilaterally trading with their own currency and not USD.

If they are using their own currency to buy oil and commodities from each other, how can the US control that?   And if they could control that, why are they so worried?

In my opinion, correct me if I'm wrong, why can the US control other countries' currencies because a country's currency is pegged to the dollar? If the dollar is destroyed, that country's currency will definitely fall because the currency between countries, as far as I know, is the dollar, which is still widely used for foreign trade. that's why America is the most influential country in the world, criticize me if I'm wrong

[tjtonmoy]

Don't you think Russia making trades using dollars means that they are getting rid of what they already have as a reserve? When you want to build something new, you need to get rid of old things. USA economy is getting weaker and that's not a lie, instead that's a fact. But only because they have hold the power for so long that people still use dollar as a global currency. Switching to something else entirely different will cause problem and many difficulties.

BRICS aren't able to establish a new currency because of it. They cannot create something new which will be accepted by everyone or accept one currency from a country because they can easily print more money. Same thing happens to US dollar but we don't talk about it much. Because it is a global currency accepted by everyone.

If it falls because of weak economy then there will be something else to rise up for sure. It's just a matter of time.

[Mauser]

In reality it's a different USA dollar getting stronger and USA is now most influenced power in the world.
We can understood USA have most power in the world.
And dollar Even the russians dealing with dollars there was case that baltic country leader husband was dealing with russia and Also not even euro currency but dollars was used for deals.

It's been a few months since your thread and it seems that the world has changed since then. The USA is doing pretty well compared to other developed countries in the West. The stock market is looking solid, inflation is down, unemployment rate is low and the fear of a recession seems avoided for now. The main issue for the USA is their own politics and if they can avoid another crisis and shutdown of the government. At least in my country the news is talking positively about the USA and the only threat would be for Trump to win again in 2024 and ruin everything. This doomsday scenario seems a bit exaggerated and who knows how the pools will turn out next year. For me USA is still the economic superpower number one in the world and their quick reaction to the high inflation made things much better. We here in Europe have much slower politicians that take a long time to talk and react. Also comparing the stock markets from USA and Europe this year shows that the Americans are doing so much better and the US Dollar is a better investment than the Euro at the moment.   

[bitLeap]

USA
France
UK
Russia
China

all make serious cash selling weapons.

Even Turkey was clearing out drones like made selling to Ukraine.
Lastly Iran has been dealing in weapons for a while.


So warmongering is a big industry and quite a few people are in on it.

When I was a young man I was naive enough to think the U.S.A. wanted to keep the peace the reality is many countries make good money selling weapons so peace is a very wishful idea.

And in fact, war is a source of economic income for...... providing assistance but not for free, providing assistance but in the end it must.... war for him produces more profit than anything else. Therefore, it is not surprising why conflicts occur in several countries, both civil and religious conflicts, which have become a productive field for continuing to maintain resistance. The East has oil wealth, create conflict there and we will step in to take over in a subtle way.

[DrBeer]

Don't you think Russia making trades using dollars means that they are getting rid of what they already have as a reserve? When you want to build something new, you need to get rid of old things. USA economy is getting weaker and that's not a lie, instead that's a fact. But only because they have hold the power for so long that people still use dollar as a global currency. Switching to something else entirely different will cause problem and many difficulties.

BRICS aren't able to establish a new currency because of it. They cannot create something new which will be accepted by everyone or accept one currency from a country because they can easily print more money. Same thing happens to US dollar but we don't talk about it much. Because it is a global currency accepted by everyone.

If it falls because of weak economy then there will be something else to rise up for sure. It's just a matter of time.

BRICS don't "can't" create a currency, BRICS don't want to yuanize their economies so that they don't become slaves to the Chinese economy. saving it with their economies. India has openly stated that it is against the yuan as the currency of the BRICS union, and that makes sense. The currency of the union. should be backed by something meaningful and liquid, not by the problems of the Chinese economy.

If we return to the idea of de-dollarization - whether you like the dollar or not, there is no alternative to it in the world economy at the moment! Even the most powerful EU economy with its EURO cannot replace the dollar. And if we can assume that at the initial stage of dollarization of the world economy was a cunning pan of the U.S., then now this solution is simply ... it is very convenient and profitable for everyone to trade for currency, for which you can then buy any goods from any seller !

[harapan]

It's going to be a whole new system for those that have been joining the new alliance of BRICS. Whatever they think is going to benefit them with mutual agreements, that's where they're going.

While for those countries that are coming into this partnership and alliance, they're all thinking of what's beneficial for them.

And you'll see that when the USA/UK and G7 alliance comes again on their own, who knows that those countries that are into BRICS might join them in as well. I am not into any of those alliances but I am saying whatever alliance a country sees beneficial for them, they will go there.

Jo
I just have a feeling that the USA economy is not as bad as we think of it.The US economy has proved to be strong and resilient all these years,We've so far not been able figure out which other alternative to operate with since the dollar is weak and the US government is failing in its role.
 The USA economy can not just exist all these years and a mere little challenge will defeat it,no because I don't think so.Despite all the problem,its still the dollar that's in usage and circulation,I wonder if there really will be any changes.

[naikturun]

I think China and America are currently at the top, if the dollar weakens as reported, then other countries' currencies will also weaken, even worse.
So in conclusion I think China and America are like Bitcoin and Ethereum.

[Arenga pinnata]

I think China and America are currently at the top, if the dollar weakens as reported, then other countries' currencies will also weaken, even worse.
So in conclusion I think China and America are like Bitcoin and Ethereum.

Although I'm not sure if this is correct. But based on the economic news that keeps mentioning both of them, it's exactly what you say. Well, the competition between the two also seems to be getting stronger lately. China even seems to be getting smarter at collaborating with other countries to follow them. The approaches taken by China and America are actually slightly different. But I have to admit that if we are talking about the growth of economic power in the last 2 years then perhaps China is perhaps the one that is becoming more rapid at this time. But this is still not enough to surpass America. because America has built their world economy much further ahead. So China will definitely need a longer time to catch up with America in world economic dominance.

[pooya87]

You know the truth: the US has no backup gold, but why are they still recognized as a strong currency? They are also the country with the biggest debt in the world. Why?

That's because their deal offer is good for the interest on the money they will lend to the countries they actually lend to. Besides that, there are other reasons. As the state of their economy is quite good, that's why it's the same if other countries lend them too much.

That's the classic trait of a Ponzi Scheme.

We had that in Bitcoin with "bitcoin doublers" in early years. In Ponzi Schemes, they take your money and promise to pay you a big profit. They do indeed pay you a big profit but that scheme can not last forever...

[ChiBitCTy]

As an American I want to first state that I'm not your typical American who thinks "USA is number one!!"...I more so see myself as a citizen of the world, and I do NOT think the United States is the best country in the world, not by a long shot.  That said the US does have the best economy in the world HANDS DOWN.  What other currency is back by such a strong nation that could take over the US dollar as the worlds reserve currency?  China with their shady communist ways and the Yuan?  Russia and their dictatorship ways with the Ruble?  Nah.  There's a reason the US has so much debt from other nations..because it's the most trusted debt in the world.

[DrBeer]

Judging by the events taking place in the world, the fantasy of “the weakness of the dollar and the US economy” is being spread by countries where:
- The degradation of the economy has reached the point that they are forced to cut spending on science, medicine and education, sending the rest of the budget to finance the terrorist war that they unleashed in 2014.
- Oil is sold for dollars, and not even for yuan or rupees, but for... BANANAS
Russia began exchanging oil for Indian bananas
Russian authorities are launching a “banana scheme” to solve the problem of trade imbalance with India, which increased oil purchases from Russia 11 times after the start of the war, but did not launch a return flow of goods to the Russian market

Another “second world economy,” China’s, is “bursting at the seams.”
This week, all Chinese media were banned from showing information about the ongoing collapse of the Chinese stock market. Over the week, Chinese indices fell by 6%....

And the top three “who consider the dollar and the US economy to be bad and weak” is completed by Iran, which is developing so well that it has equated its currency to the value of a piece of ordinary paper

[Hispo]

As an American I want to first state that I'm not your typical American who thinks "USA is number one!!"...I more so see myself as a citizen of the world, and I do NOT think the United States is the best country in the world, not by a long shot.  That said the US does have the best economy in the world HANDS DOWN.  What other currency is back by such a strong nation that could take over the US dollar as the worlds reserve currency?  China with their shady communist ways and the Yuan?  Russia and their dictatorship ways with the Ruble?  Nah.  There's a reason the US has so much debt from other nations..because it's the most trusted debt in the world.

The trust comes down to lawmakers in the capitol to raise the debt ceiling when needed, otherwise chaos would ensue very quickly and the United States would default on a debt is which bigger than their Gross National Income. Keeping that little detail to one side though, I believe people indeed underestimate how strong and trustworthy the United States Dollar is in the eyes of the rest of the nations in the world. My nation is quite an ironic example, actually, we are adversaries of the United States and for many years our incompetent government has been bad mouthing the USD, saying it is not backed by anything but debt, saying it is a weapon wielded by the imperialism of the world to force smaller countries into submition, among other things.
When the comical crisis came and people needed to save their savings from an insane inflation, they had to resort to the USD. Nowadays, the United States Dollar circulates together with our national currency as well, and the goverment has had to abandon their discourse on how evil those banknotes are. It is pure cheap politics, nothing pragmatic. If they really wanted people to stay away from the USD, they would have cared more about this economy instead and not force people to flee their currency.

[beerlover]

Judging by the events taking place in the world, the fantasy of “the weakness of the dollar and the US economy” is being spread by countries where:
- The degradation of the economy has reached the point that they are forced to cut spending on science, medicine and education, sending the rest of the budget to finance the terrorist war that they unleashed in 2014.
- Oil is sold for dollars, and not even for yuan or rupees, but for... BANANAS
Russia began exchanging oil for Indian bananas
Russian authorities are launching a “banana scheme” to solve the problem of trade imbalance with India, which increased oil purchases from Russia 11 times after the start of the war, but did not launch a return flow of goods to the Russian market

Another “second world economy,” China’s, is “bursting at the seams.”
This week, all Chinese media were banned from showing information about the ongoing collapse of the Chinese stock market. Over the week, Chinese indices fell by 6%....

And the top three “who consider the dollar and the US economy to be bad and weak” is completed by Iran, which is developing so well that it has equated its currency to the value of a piece of ordinary paper

Weakness of the US dollar could be figured out with just some sort of historical purchasing power check. While all those nations are terrible, that doesn't make USA great, it just makes it less worse. Look at the purchasing power of someone who worked as a Nurse 40 years ago, then compare that to 20 years ago, and then compare that to today.

If you are seeing diminishing returns, then you know it is not good. You can change the job and put any other job you want there, it doesn't have to be a Nurse, even the software engineers are getting fired so it is not like your economy is doing great neither. Sure maybe your "companies" could be, but the people who are living there having basically no hope of living like their parents.

[Argoo]

USA
France
UK
Russia
China

all make serious cash selling weapons.

Even Turkey was clearing out drones like made selling to Ukraine.
Lastly Iran has been dealing in weapons for a while.


So warmongering is a big industry and quite a few people are in on it.

When I was a young man I was naive enough to think the U.S.A. wanted to keep the peace the reality is many countries make good money selling weapons so peace is a very wishful idea.

And in fact, war is a source of economic income for...... providing assistance but not for free, providing assistance but in the end it must.... war for him produces more profit than anything else. Therefore, it is not surprising why conflicts occur in several countries, both civil and religious conflicts, which have become a productive field for continuing to maintain resistance. The East has oil wealth, create conflict there and we will step in to take over in a subtle way.

The production and trade of weapons has always been a very profitable business for any country, and the United States is no exception in this regard. But it is hardly worth saying that the US government deliberately creates hot spots in order to then supply weapons there and make money from it. After all, the production of weapons and ammunition in the USA and Europe is largely carried out by private companies. They are the ones who are more interested in wars and, as a result, in increasing government orders for their products.

The biggest catalyst for rising arms and defense spending among Europe and the United States in recent decades has been Russia's attack on Ukraine and its two-year-long deadliest war since World War II.

The world's largest weapons manufacturers are increasing production of missile launchers, tanks and ammunition. The owners and directors are expanding such companies because they expect that there will be a consistently high demand for weapons now and in the future due to the war in Ukraine.

Rheinmetall, one of Europe's largest arms and ammunition makers, last week agreed to buy a Spanish rival to boost its production capacity. The German company's CEO said he expects new major contracts to be signed next year.

Increased production capacity of defense contractors is also being seen in the US and Asia. The Pentagon allocated more than $17 billion in weapons and services to Ukraine, but most of the weapons were taken from ready-made stocks. Therefore, the US Department of Defense allocated about $3.4 billion for new orders to replenish its own reserves and those of its allies.

Raytheon Technologies began dismantling old Stingers for parts and bringing back retired workers to speed up production. The US has not ordered these anti-aircraft missiles since 2008.

Lockheed Martin is doubling production of the Javelins missiles it produces jointly with Raytheon, and is also increasing production of Himars missile launchers and GMLRS missiles by 60%.

Russia's full-scale invasion of Ukraine in February of this year contributed to an even greater increase in defense budgets.

This has seen Rheinmetall shares rise 115% since January 1, while UK BAE Systems' Saab shares have jumped 30% and 44% respectively.

American manufacturers have been exporting weapons around the world for a long time, so the war in Ukraine did not lead to such a significant increase in shares. Year to date, Lockheed shares are up 36%, General Dynamics is up 22% and Raytheon is up 12%.

Poland is increasing its defense budget to 3% of GDP in 2023 – now it is 2.1%. Lithuania, Estonia and Latvia, according to the International Institute for Strategic Studies, are moving towards the 2.5% mark. Sweden, Finland and the UK have also pledged to increase their defense budgets.

It should also be emphasized that European countries and other countries are now actively getting rid of Russian weapons and weapons dating back to the times of the USSR, modernizing and replacing them with the latest weapons from NATO countries. There are two reasons for this process. Firstly, Ukraine, as a republic of the former USSR, has the skills to use these weapons and in war conditions there is no time to switch to another. But in order to interest states in transferring such weapons to Ukraine, the United States offered to supply these countries with the latest NATO weapons in return. Therefore, many states are happy to get rid of old Soviet weapons and receive NATO ones. Secondly, this war showed the vulnerability and poor performance of Russian weapons compared to high-precision NATO weapons. As a result, many states are abandoning Russian weapons.

https://forbes.ua/ru/svit/khochesh-miru-gotuysya-do-viyni-virobniki-zbroi-zbilshuyut-svoi-virobnichi-potuzhnosti-wsj-25112022-10046

[Fortify]

In reality it's a different USA dollar getting stronger and USA is now most influenced power in the world.
We can understood USA have most power in the world.
And dollar Even the russians dealing with dollars there was case that baltic country leader husband was dealing with russia and Also not even euro currency but dollars was used for deals.

Now people talking about bricks...that it's a backed by gold... right but who controls the gold Market? USA and UK comex its chigaco nyc and London If they want UK and USA they make gold price how they want.

The Putin x ping chuina and non of the bricks countries are not serious and looking funny until USA controls the gold price together with UK and controls the markets with USD trading currency mostly.

Even china and Putin knows they are fools and it's all circus


It's time to say how the things Are really happening in the world

You'll find that the people saying these sort of things are from parts of the world that America is crushing - either culture-wise or economically. There are a lot of patriotic people all around the world, many of them don't like the fact that their culture is not succeeding or they feel some perceived slight which is often the cause of what their leaders have brought upon them. America, relatively speaking when looking at population numbers, is punching much stronger than it's weight when compared to say India or China. That balance is shifting slightly, as you would expect when those countries adopt more of the freedoms America has, but many people in those countries still admire America a lot. I'd say just ignore the naysayers, as they have insignificant impact on reality.