Imagine dollar value If eu will be in war

[pooya87]

If EU goes to war, the USA is automatically into it. Not a little chance, there is 0 chance that US can avoid it.

Considering the World War 2 we know that USA didn't even bother entering the war for more than 3 years and they only got into it when US mainland was threatened (the Pearl Harbor thing). There is no reason to think they'd do anything different today either.

You should also consider that 2024 is not 1940's, during the 40's it was near impossible to effectively reach the US mainland. However in this day and age reaching US mainland is a piece of cake which means if they enter any kind of armed conflict, unlike WW2 the US mainland will be completely destroyed similar to what happened to Europe and elsewhere during WW2 and worse.

You also have to consider the fact that US has no allies. US regime only has cash cows (like Europe) they call ally since (that sounds better than cash cow) and enemies. As they say: "it may be dangerous to be America's enemy, but to be America's friend is fatal".

P.S. Speaking of wars, I believe the chances of a war between the Eastern Bloc and Europe is very small. The higher chance is for a war between US and the Eastern Bloc. Apart from the fact that the rest of NATO is too weak to participate in any wars, they are not willing either. Look at what happened in Coalition of Terror. None of them were willing to participate in US aggression in the Red Sea, a handful that got involved (like the English Royal Navy) got their ass handed to them like the British destroyer HMS Diamond and had to run away... Today the lauded US Navy is defeated in the Red Sea and the Coalition of Terror has failed. And that's not even a full scale conflict!!!

[Synchronice]

During the history, politicians and rulers have turned their back more than once to treaties and betrayed their allies.
In the same way, certain US candidate has quite a potential to do the same. So, even if not great, the chance is imho > 0.

Yes, they have turned their back more than once but we never had nuclear weapons before. If EU has to participate in war, then it means that the whole NATO is in conflict. Even if the USA turns their back, NATO in war is an enough reason for Russia and allies to attack the USA. I think that their biggest interest is to damage the US instead of EU.
I can't imagine Russia and EU having war against each other and none of them complaining or dragging the USA in the conflict. Putin has mentioned many times how he wants to strike the US. In one of his conference, he showed the demonstration of rocket that could reach one of US state from Russia. I can't imagine nuclear war without dragging US and if there is a war, there will be nuclear.

P.S. Speaking of wars, I believe the chances of a war between the Eastern Bloc and Europe is very small. The higher chance is for a war between US and the Eastern Bloc. Apart from the fact that the rest of NATO is too weak to participate in any wars, they are not willing either. Look at what happened in Coalition of Terror. None of them were willing to participate in US aggression in the Red Sea, a handful that got involved (like the English Royal Navy) got their ass handed to them like the British destroyer HMS Diamond and had to run away... Today the lauded US Navy is defeated in the Red Sea and the Coalition of Terror has failed. And that's not even a full scale conflict!!!

I also believe that the chance of bringing Europe in war is very small. People don't really want to fight and I think EU is doing well the way it does. People have good healthcare, good jobs, good life, good working hours and so on.

[m2017]

Now we see why the USA moving towards crypto and they created new dollar the USDC and USDT and other stablecoins to make sure people have a lot ways to adobt dollar.

USDC and USDT were created by USA? What are you even talking about?

The creators of USDC are CENTRE consortium, founded by American companies Circle and Coinbase.
 
The creators of USDT are Tether Limited company. Registered in the British Virgin Islands. Even if we judge the jurisdiction of these companies, this point no longer matches your statement about the USA.
 
Where did you see USA here?

USA will definitely issue its token in the form of CBDC, but this has not happened yet.

If eur and gbp will be out of the pictuere then imagine dollar purache power..... it's like 1000000% value.

I assure you, euro and pound will also be in the form of CBDC, like any other national currency. This will not affect the purchasing power of the dollar in any way.

You better stack up the dollars dollar is now like ico you get in early

What bullshit?

[pooya87]

I also believe that the chance of bringing Europe in war is very small. People don't really want to fight and I think EU is doing well the way it does. People have good healthcare, good jobs, good life, good working hours and so on.

Exactly. Even more so because unlike US, the European countries are not run by arms dealers.

If we look at the political scene across Europe we can clearly see how the parties in power who have been pro-war (the ongoing NATO-Russian conflict inside Ukraine) are being put aside by people in one election after the other. They are usually replaced by conservative and nationalist parties who are against such wars and pro their own countries.

The fact that people don't want to fight is also clearly visible in the shrinking number of people who join the armed forces every year.

[cryptosize]

Depends on whether the US is the enemy or not.  

Buddy, if the EU goes into war, then pack your stuff and find a shelter to live for the next couple of years, because it'd most certainly result in a world war. Every currency would plummet, including Bitcoin.

There’s a paradox when it comes to fiat currencies. While war causes a significant decline in their purchasing power, it also strengthens them, since fiat currencies are fundamentally backed by the military. (And even more crucially, the military itself is backed by fiat currencies!)

This is contradictory.

Wars need funding and funding requires incessant money printing... devaluation doesn't "strengthen" them, quite the contrary.

FED was founded in 1913 and WW1 started in 1914.

Gold always rises during wars and I reckon the same will happen to BTC (I don't expect the internet to be disrupted severely, since it's quite decentralized with multiple routes/optical fibers).

[Sayeds56]

It will be very unfortunate if the ongoing war between Russia and Ukraine were to spread to other countries, as it will have domino effect on the global economy. Food and energy inflation will skyrocket due to logistic issues in the war affected areas. The dollar may only strengthen if the conflict remains confined to European continent and world economy is not severely affected, however such a scenario is unlikely to occur.

[BlackHatCoiner]

Wars need funding and funding requires incessant money printing... devaluation doesn't "strengthen" them, quite the contrary.

What I meant, is that if you win the war, and you become a world power, like the US did after WW2, then your fiat currency becomes more powerful, because now the rest of the countries keep reserves and rely on it. Wars devalue their purchasing power, whether you win or you lose, but if you win, the nation establishes a more advantageous position over the rest of the world, and it can continue debasing the currency, but in expense of the rest of the world.

(Maybe "strengthening the currency" wasn't the most appropriate way to put it.)

[cryptosize]

Wars need funding and funding requires incessant money printing... devaluation doesn't "strengthen" them, quite the contrary.

What I meant, is that if you win the war, and you become a world power, like the US did after WW2, then your fiat currency becomes more powerful, because now the rest of the countries keep reserves and rely on it. Wars devalue their purchasing power, whether you win or you lose, but if you win, the nation establishes a more advantageous position over the rest of the world, and it can continue debasing the currency, but in expense of the rest of the world.

(Maybe "strengthening the currency" wasn't the most appropriate way to put it.)

Yes, that's correct.

USA used nuclear weapons against Japan to establish its position.

If you win, you can impose your shitcoin via force.

Hypothetically speaking, if Binance was like USA and managed to impose BNB to the rest of the world, it could become the next global reserve currency.

It has nothing to do with "free market" or "Democracy".

[BlackHatCoiner]

It absolutely has nothing to do with "free market". Fiat currency backs the military, and the military backs the fiat currency.

When people think of the environmental impact of Bitcoin and compare it with fiat, most would think in terms of simple arithmetic. How much energy is spent on Bitcoin mining, how much is spent on the banking sector etc. Whereas, the real cost of fiat is the destruction of ecosystems, air and water pollution, chemical and radioactive contamination, and an endless list of other ecological damages. (And of course all those millions of innocent people dying in the name of the fiat currency.)

[NeuroticFish]

I also believe that the chance of bringing Europe in war is very small.

I agree on this.

Yes, they have turned their back more than once but we never had nuclear weapons before. If EU has to participate in war, then it means that the whole NATO is in conflict.

Indeed. Just nuclear weapons are there only to scare the enemies, not to be used. If they are being used, both EU, US and Russia will be in big shit.

Even if the USA turns their back, NATO in war is an enough reason for Russia and allies to attack the USA. I think that their biggest interest is to damage the US instead of EU.

Russia is afraid of USA, I don't think that they afford to even try damaging USA.
Unlike (parts of) EU, USA doesn't depend on Russian oil and gas, hence not afraid to give the appropriate answer if hurt. If Putin touches USA, it's game over for him.
His only chance with USA is political. He needs as POTUS somebody willing to close his eyes on the crap he's doing un Ukraine, hence his war on that side is informational.

I can't imagine Russia and EU having war against each other and none of them complaining or dragging the USA in the conflict.

EU complaining may or may not have effect, depending on the POTUS.
This you cannot imagine can easily be political cards for .. well, politicians.

Putin has mentioned many times how he wants to strike the US. In one of his conference, he showed the demonstration of rocket that could reach one of US state from Russia.

Whatever Putin says doesn't mean shit. He was lying all the time, plus the war has shown that Russia has lying about his military power.

I can't imagine nuclear war without dragging US and if there is a war, there will be nuclear.

Imho it can become nuclear only when Putin decides it's all over for him.
Putin attacking NATO countries and US stepping in can become such a scenario, but I don't find it likely; not Putin and NATO try to be careful on that, at least for now, until the elections.

[WillyAp]

Stablecoin enables traditional currencies to stabilize. All this while still using blockchain technology to make transactions even faster and more accessibly safe. If stablecoins were to do well, that would raise global demand for the dollar.

That sentence makes the 1st part a speculation: If stable coins were to do well, and if not so no stability. Should a country desire a stable currency they just should establish trust. Stopp banks to abuse, make people trust their currency.

A stable-coin is not stable at all ,they a mimicked mostly on the value of the $, a currency which itself has suffered devaluation.

[FatFork]

Wars need funding and funding requires incessant money printing... devaluation doesn't "strengthen" them, quite the contrary.

What I meant, is that if you win the war, and you become a world power, like the US did after WW2, then your fiat currency becomes more powerful, because now the rest of the countries keep reserves and rely on it. Wars devalue their purchasing power, whether you win or you lose, but if you win, the nation establishes a more advantageous position over the rest of the world, and it can continue debasing the currency, but in expense of the rest of the world.

(Maybe "strengthening the currency" wasn't the most appropriate way to put it.)

This would imply that the U.S. dollar gained in value after World War II. That ain't quite right.  Truth is, the dollar's buying power has dropped bit by bit over time from inflation and government policies. Sure, the U.S. became a dominant global power after the war, but this didn't necessarily translate into a stronger currency. The dollar's dominance is more related to geopolitical factors, trust in the U.S. economy and stuff like that. Another probably significant reason is the lack of a viable alternative.

[BlackHatCoiner]

[...]

Once again, I didn't intend to mean strength in terms of purchasing power. The purchasing power is almost certainly declining. But the currency, not as unit but as a whole, becomes more powerful, as the rest of the world becomes dependent on it. If you have the rest of the world keeping reserves in your currency then that gives incredible power to the nation, first and foremost, and to the currency's reputation and demand as well.

[Argoo]

If we look at the political scene across Europe we can clearly see how the parties in power who have been pro-war (the ongoing NATO-Russian conflict inside Ukraine) are being put aside by people in one election after the other. They are usually replaced by conservative and nationalist parties who are against such wars and pro their own countries.

The fact that people don't want to fight is also clearly visible in the shrinking number of people who join the armed forces every year.

Well, you can't say that with Russia. Russia has been attacking Ukraine in a full-scale war mode for the third year, but the United Russia party, which fully supports the war unleashed in Ukraine, continues to be in power there. The only explanation for this situation is that in Russia itself, the people have no influence on the authoritarian regime that has strengthened there.

In Europe, over time, people really do get tired of war and they just want to move away from this alarming information. But this does not apply to those countries that border Russia and quite consciously feel the danger that Russia poses to them. This applies to Poland, Lithuania, Latvia, Estonia and Finland. These countries, represented by both the government and the people, prefer to tirelessly help Ukraine so that in the future they themselves do not end up in Ukraine's place.

[pooya87]

Fiat currency backs the military, and the military backs the fiat currency.

You are describing dollar not fiat in general. Dollar is forced on the rest of the world using military force.

Otherwise other fiat currencies are backed by actual economy of the countries. For example the fiat currencies the ASEAN members are using amongst themselves is not being forced on each member using military. Or the Yuan that China is getting more countries to use (PetroYuan is a thing now!) is being backed by the strong Chinese economy not its military.

[WillyAp]

 Truth is, the dollar's buying power has dropped bit by bit over time from inflation and government policies. Sure, the U.S. became a dominant global power after the war, but this didn't necessarily translate into a stronger currency.

Truth is that you forgot about 40 years in your narrating the bad effects of inflation.
Truth is that the dollar is the currency most sought after nowadays between hundreds of minor currencies.
No BRICS has stopped the popularity. 

The left hopes that BRICS gives them independence from the dollar.
Far from it BRICS is made for just inter government exchanges, just look at the countries involved.
None is strong in empowering their people.

In a war strong currencies as the dollar and even the Euro thrive.

[Oluwa-btc]

Now we see why the USA moving towards crypto and they created new dollar the USDC and USDT and other stablecoins to make sure people have a lot ways to adobt dollar.

You better stack up the dollars dollar is now like ico you get in early

The idea of stacking up dollar is something I see as unnecessary or not advisable, during war the economy of a country is being affected and thus leading to the devaluing of the currency which is to say, if definitely there should be war in the  European countries or wherever there's much tendency that it'll sure affect the value of USD.
And I don't think the USA are moving towards crypto space because looking at their past political state and history since the rise of Bitcoin it has caused some many chaotics events and yes  so many people have so much faith in dollars because it's one of the top exchanges in the world which makes it more volatile and easily accessible but it won't suit in in the situation of war cause of price fluctuations.

[cabron]

Now we see why the USA moving towards crypto and they created new dollar the USDC and USDT and other stablecoins to make sure people have a lot ways to adobt dollar.

You better stack up the dollars dollar is now like ico you get in early

The idea of stacking up dollar is something I see as unnecessary or not advisable, during war the economy of a country is being affected and thus leading to the devaluing of the currency which is to say, if definitely there should be war in the  European countries or wherever there's much tendency that it'll sure affect the value of USD.
And I don't think the USA are moving towards crypto space because looking at their past political state and history since the rise of Bitcoin it has caused some many chaotics events and yes  so many people have so much faith in dollars because it's one of the top exchanges in the world which makes it more volatile and easily accessible but it won't suit in in the situation of war cause of price fluctuations.

EU has been pushed to have a war against Russia by the narrative that EU's security depends on the survival of Ukraine. But obviously, Russia has no reason to obliterate the whole of Ukraine. They have to give Zelensy the right to target inside Russia to make Russia attack them again but every time they do it, they are met with a more powerful counterattack.

EU has more to lose if they don't want to lose more while Turkey is joining BRICS, they have to balance their act since BRICS confirmed their currency is backed by gold.

[CryptopreneurBrainboss]

Now we see why the USA moving towards crypto and they created new dollar the USDC and USDT and other stablecoins to make sure people have a lot ways to adobt dollar.
If eur and gbp will be out of the pictuere then imagine dollar purache power..... it's like 1000000% value.

You better stack up the dollars dollar is now like ico you get in early

Please the US aren't moving into crypto and neither are they trying to make you adopt the dollars through crypto. I have a feeling the US are going to be the last to adopt crypto. They don't want to give up the power of the dollars and adopting crypto will do just that (that's what the lawmakers will be thinking). I'm never for hoarding fiats except when it's against other fiats like how we in Nigeria are hodling dollars instead of our local currency Naira.

Stablecoin is just like an online or Blockchain fiat that has the same value as the physical currency. The value of the physical fiat will reflect in such stablecoin. Stablecoin decreases or value increases just the physical fiat version. So having a stablecoin wouldn't contribute to the stability of any traditional currency.

Worst to hodl stablecoin (USDT etc), better you hold your fiats that you can be sure you can spend than imaginary money that mightn't be backed tomorrow as you try to exchange it. We have seen several stablecoin completely vanish from existence, none is above that so think before trusting them that much. Using them for short saves is ideal but anything long term is a no, they're no different from fiats.

[shield132]

Well, you can't say that with Russia. Russia has been attacking Ukraine in a full-scale war mode for the third year, but the United Russia party, which fully supports the war unleashed in Ukraine, continues to be in power there. The only explanation for this situation is that in Russia itself, the people have no influence on the authoritarian regime that has strengthened there.

Russia should have taken Kyiv in 3 days but the war has been going on since 2022 and Russia doesn't look powerful. A lot of Russians also flew from Russia to escape going to war. I believe their people don't want to be at war, the smart and rich people flew but those who are poor and not smart, have no other choice. Why should anyone want a war in the 21st century when you can lay on a sofa in your house with a wife and kids?

Fiat currency backs the military, and the military backs the fiat currency.

Dollar is forced on the rest of the world using military force.

That's true but to my mind, that doesn't apply to every country. For example, in my country, people convert local currency into USD because our society trusts the United States for some reason. People see the USA as ally and USD as the best currency to hold. Many people think that the US is a global superpower that never makes mistakes and that manages everything in the world. I don't know where these conspiracy theories come from but people are willingly holding USD here instead of stocks and crypto. The majority of our population has no idea what stock or crypto is.
Btw to be fair, this is Russia's fault. Life was very bad in the Soviet Union and people saw life when they left the borders. They saw how Italians, Germans and French people were living, how Americans were living and that's why our country became very pro-west. Now, the way society thinks positively about West, is out of money.