The reason countries wish to be independent from the US$

[Abiky]

I think the current administration forgot about reciprocal in their though process.
They also forgot the guarantee given to Ukraine in 1994. Conveniently so.
Its like a huge reset, but only for the US.

I further believe that the idea to abolish the IRS is nice. Unfortunately so far Trump has done little to alleviate the life of his voters.
The de-dollarization is just a number for States, the real strength of the dollar is the weakness of all other currencies.

Yes. There's no other currency that comes near as close as the USD in terms of strength and mainstream acceptance. At least, for now. But Trump's tariffs threaten the US's position in the world. It could all backfire, prompting countries to retaliate by moving away from the USD. And with the disastrous Oval Office meeting with Ukrainian President Zelensky, trust in the US will collapse even more.

I'm afraid "de-dollarization" will happen a lot faster than we've thought. If this keeps up, the US will alienate itself from the world by 2028. I'm specifying that year, because that's when President Donald Trump's second term will end. These are uncertain times, so expect the unexpected.

[WillyAp]

Yes. There's no other currency that comes near as close as the USD in terms of strength and mainstream acceptance. At least, for now. But Trump's tariffs threaten the US's position in the world. It could all backfire, prompting countries to retaliate by moving away from the USD. And with the disastrous Oval Office meeting with Ukrainian President Zelensky, trust in the US will collapse even more.

Even if 50% of the world de-dollarized, most people will invest into dollar backed schemes.
You do an investment plan in US$ you don't have to rewrite every now and then. 

[pooya87]

Even if 50% of the world de-dollarized, most people will invest into dollar backed schemes.
You do an investment plan in US$ you don't have to rewrite every now and then. 

There are always people who continue investing into Ponzi schemes and all kinds of scams, we specifically see this in the shitcoin market where no matter how bad an altcoin/token is and how much they get dumped, there are always people who invest in them and lose money.

[Oluwa-btc]

America want to make dependent to every country of the World but every country want freedom and many countries got freedom

not only do countries want freedom from the usa but they want to be the strongest country and have other countries depend on them they want to replace the us basically usa has a very strong political and military power as we see they have a lot of military bases in pretty much almost every part of the world and this makes them really strong

The feeling of being independent from the US is just totally freedom and it applies to every aspects but basically alot of countries are victims of the fact that they want to be independent but they still got chances of being depended on the US for one need or the other which make the US more stronger and powerful over other countries. But in another state the dollarized system isn't enough evidence that other countries won't pull back from the US, it's just a matter of time and everything might change.

[WillyAp]

The feeling of being independent from the US is just totally freedom and it applies to every aspects but basically alot of countries are victims of the fact that they want to be independent but they still got chances of being depended on the US for one need or the other which make the US more stronger and powerful over other countries. But in another state the dollarized system isn't enough evidence that other countries won't pull back from the US, it's just a matter of time and everything might change.

Name a few governments you have been member of.
Such knowledge is not gained over hearsay.

[shield132]

It's not the interest rating of the US$ which makes the US Currency so popular. It's the falling currencies of the nations not living under Euro or Dollar domains.

Do you think that this is one of the reasons why countries wish to be independent from the US dollar? We don't live under Euro and Dollar domains and our currency is getting weaker but despite everything, people want to be near to US and EU as much as possible. It's a little bit strange but my country tries to become more dependent on US and Euro instead of getting rid of it. The reason why we want this is that US and EU countries are rich. After the fall of the soviet union, lots of people migrated to the EU and the US. They managed to build a better life in these countries and they also managed to send money to our country to help their mothers, fathers and relatives. Because of this, our country sticks with the US dollar and I feel sometimes shocked when other countries try to get rid of the dollar or Euro and join BRICS.

[beerlover]

It's not the interest rating of the US$ which makes the US Currency so popular. It's the falling currencies of the nations not living under Euro or Dollar domains.

Do you think that this is one of the reasons why countries wish to be independent from the US dollar? We don't live under Euro and Dollar domains and our currency is getting weaker but despite everything, people want to be near to US and EU as much as possible. It's a little bit strange but my country tries to become more dependent on US and Euro instead of getting rid of it. The reason why we want this is that US and EU countries are rich. After the fall of the soviet union, lots of people migrated to the EU and the US. They managed to build a better life in these countries and they also managed to send money to our country to help their mothers, fathers and relatives. Because of this, our country sticks with the US dollar and I feel sometimes shocked when other countries try to get rid of the dollar or Euro and join BRICS.

It is not just about Soviet Russia, all the poor people in the world who have something to provide, ended up in bigger and better nations. Plus, resources do matter, and military do matter as well, political stability also matters a lot. Even when presidents were assassinated, law still got uphold in USA or most of Europe, whereas in Africa, or Asia, and specially in Latin America, there were chaos ever few decades, that made them even poorer.

No matter what you do, no matter what a politician can do, some poor African town with barely one source of clean water, can't get the improvement, even a thousand years ago Europe was better, it is just geolocation that makes it so hard, it is not just personal improvement alone.

People say white people in south Africa build a great life for themselves whereas blacks didn't, so it must be race or culture, but they forget, white could take the resources and send it to Europe and get rich, blacks can't, those type of differences caused USD and EU to end up being valuable, because the nations are powerful.

[WillyAp]

Do you think that this is one of the reasons why countries wish to be independent from the US dollar? We don't live under Euro and Dollar domains and our currency is getting weaker but despite everything, people want to be near to US and EU as much as possible.

One thing are people, another are countries.
The country badmouthing the $ is just trying to point attention to a matter were the government is not to blame.
Even politicians hold their money abroad in FIAT and now a few also in Bitcoin.
Just have a look through panama papers.

https://www.investopedia.com/terms/p/panama-papers.asp

Did Anyone Go to Jail for the Panama Papers?

Germany issued an arrest warrant for Mossack Fonseca lawyers Jürgen Mossack and Ramón Fonseca for tax evasion and operating a criminal organization. However, because of Panama’s extradition laws, they were not handed over to German officials. In Panama, they faced charges connected to the Panama Papers scandal and bribery with a Brazilian company, for which they spent two months in jail before bonding out. In June 2024, a Panamanian judge acquitted Mossack and 27 others of money laundering related to the Panama Papers scandal. Fonseca died in May 2024.

[Sticky Bomb]

It is very strange that sometimes we see some outlets desperately try to invent reasons for something that is very simple like dedollarisation.

The main and possibly only reason for dedollarisation is to decrease the effect of a weapon the US regime has named the dollar.

Of course when you replace the dollar with something else like local currencies, it strengthens them because it gives them additional demand. What the author doesn't want people to know is that the only reason why the unlimited supply dollar looks stronger than those local fiats is that it is being used for international trades and when it's usage decreases dollar gets a lot weaker than the weakest fiat in existence
In fact the reason why some of these article writers are desperate to provide a different reason for dedollarisation is because they are too scared of the day dollar dumps hard.

Yeah, very correct. The higher the demand for dollar by other countries, the stronger it becomes and that's the interest US is protecting at all means because they know dollar is strengthened by other countries usage of it and not American economy. If dedollarization is achieved, dollar would be next to worthless because inflation is already hitting it big time.

The media and article writers would never give the true picture, after all they're paid to give dollar a good perception and project it as the ultimate.

[Antotena]

Yes. There's no other currency that comes near as close as the USD in terms of strength and mainstream acceptance. At least, for now. But Trump's tariffs threaten the US's position in the world. It could all backfire, prompting countries to retaliate by moving away from the USD. And with the disastrous Oval Office meeting with Ukrainian President Zelensky, trust in the US will collapse even more.

I'm afraid "de-dollarization" will happen a lot faster than we've thought. If this keeps up, the US will alienate itself from the world by 2028. I'm specifying that year, because that's when President Donald Trump's second term will end. These are uncertain times, so expect the unexpected.

I don't like Trump but I think he is playing his card very well with those tarrifs. You can only come out to threaten people when you know much about them, you know the amount of money they are tapping from your economy and he knows how very ready they will accept any terms he throw in to their front. Why is that the increase in tarrifs has not be thrown to China, Russia and India? He knows those people will make him regret his actions and it's going to affect his economy.

The other regions he is threatening are benefiting more than what they are given which is why they are been careful with retaliation, the US always has an advantage and alternatives to the things they do that's why they go scot free, saw the way they were threatening Zelensky and I felt bad for him just because they supply Ukraine food and shelter. When China t hm threatened US they are going to return whatever war they bring to them, Trump has refused to address that since that day, if it was from one minor country, he will be tweaking on their head by now.

[coupable]

It's not the interest rating of the US$ which makes the US Currency so popular. It's the falling currencies of the nations not living under Euro or Dollar domains.

Do you think that this is one of the reasons why countries wish to be independent from the US dollar? We don't live under Euro and Dollar domains and our currency is getting weaker but despite everything, people want to be near to US and EU as much as possible. It's a little bit strange but my country tries to become more dependent on US and Euro instead of getting rid of it. The reason why we want this is that US and EU countries are rich. After the fall of the soviet union, lots of people migrated to the EU and the US. They managed to build a better life in these countries and they also managed to send money to our country to help their mothers, fathers and relatives. Because of this, our country sticks with the US dollar and I feel sometimes shocked when other countries try to get rid of the dollar or Euro and join BRICS.

It's the same situation in most countries around the world, forced by global circumstances and changes to use the dollar in exchange for American protection. World War II contributed to the rise of the dollar, followed by the collapse of the Soviet Union, which strengthened the dollar's position despite all its crises. The global economy finds itself entangled in the use of the dollar and unable to abandon it. As long as commodities in global trade (gold, oil, other minerals, etc.) are priced in dollars, no country can escape American hegemony unless it isolates itself from the global economy.

[bubilas]

It is almost impossible to weaken America's leadership and I believe that China will be able to do it, and even more so Russia. The fact is that China, although quite autonomous, earns a lot from orders from huge companies in the USA, because China has very cheap and efficient labor force. And no one cares that human rights can be violated there very seriously.
Nevertheless, China is fighting for leadership, and there are countries like South Korea, which has lost a lot of its culture, integrated the views of the USA, and has become a very strong fusion of the cultures of the USA and Asia. Personally, this looks very strange to me, I am more for autonomy.

[Abiky]

It is almost impossible to weaken America's leadership and I believe that China will be able to do it, and even more so Russia. The fact is that China, although quite autonomous, earns a lot from orders from huge companies in the USA, because China has very cheap and efficient labor force. And no one cares that human rights can be violated there very seriously.
Nevertheless, China is fighting for leadership, and there are countries like South Korea, which has lost a lot of its culture, integrated the views of the USA, and has become a very strong fusion of the cultures of the USA and Asia. Personally, this looks very strange to me, I am more for autonomy.

I don't think it's impossible for American leadership to decline. Sooner or later, "the empire" will fall. The Roman Empire was thought to be strong and resilient, only to see its demise by the barbarians. The same way will happen to the USA. We're slowly witnessing America's decline. More countries are considering moving away from the US Dollar. Even more so after Trump's tariffs.

Canada, a long time US ally, is starting to retaliate. The standoff between Zelensky and Trump in the Oval Office was also a mess. Europe said it was time to start looking for a new leader of the free world. With US dependency falling, it should only be a matter of time before the "Empire" falters. I think BRICS will take over the world by storm. They'll probably launch a digital currency backed by Oil, Gold, or even Bitcoin. The number of member states is growing fast, too. We're living in uncertain times, so anything's possible.

[pooya87]

It is almost impossible to weaken America's leadership

US never had any leadership, they had a hegemony and that got weakened a while ago and it is now on a downward spiral.

and I believe that China will be able to do it, and even more so Russia.

I disagree. Neither one of these two have everything needed to dominate the world. China only has the economy and Russia only has the military. They'll need a lot more, specifically some ideology that can attract people around the world.

For instance one things that helped the colony gain its hegemony for 30 years was liberalism. It used to look so good on paper that attracted people from around the world and that gave the US regime a huge "soft power".
China and Russia lack that. They used to have communism that could gain some followers but it's long gone and dead by now. Just like liberalism that is on its end of life, specially when US regime violates human rights constantly and in the past year for supporting and participating in genocide. That soft power is gone...

This is why BRICS exists. It is a combination that can fill the voids that exists in individual countries.

[WillyAp]

It's the same situation in most countries around the world, forced by global circumstances and changes to use the dollar in exchange for American protection.

Governments are rarely forced to follow some other country they just get development help and have to play by the rules. Still the trust in a currency is given and taken by the very people a government is servant off. They just swapped rules and became rulers. Than they discover the US$ so it good for them to de-valuate their own. Why due to paying wages in their currency. Most cynical governments collect in $ and pay in their currency.

[Juicyhome]

The USA  is very manipulative in nature, they look good but are not what they say on paper. USA can't support you with aids without getting anything in return, they must bargain it with your resources. That is why countries are avoiding their loan in particular , they will give you loan and still tell you what do with the money, how can one make us of such loan, yet some Africa leaders are still collecting these loan for selfish gain. Avoid us  aids and grant they are not sincere at tall.

countries are now approaching china for loan and leaving USA loan, because the china loan is free interest loan without manipulative conditions like the Us. Because America get involves with political affairs of others countries and causes instability nations try to avoid them in other not have problems with them. Us are seeing as a threat to every country economy.

[WillyAp]

The USA  is very manipulative in nature, they look good but are not what they say on paper. USA can't support you with aids without getting anything in return, they must bargain it with your resources. That is why countries are avoiding their loan in particular , they will give you loan and still tell you what do with the money, how can one make us of such loan, yet some Africa leaders are still collecting these loan for selfish gain. Avoid us  aids and grant they are not sincere at tall.

Exact the same condition Chinese loans have.
What you don't understand is that a loan pays a commission, something around 0.2% .

[pooya87]

The USA  is very manipulative in nature, they look good but are not what they say on paper. USA can't support you with aids without getting anything in return, they must bargain it with your resources. That is why countries are avoiding their loan in particular , they will give you loan and still tell you what do with the money, how can one make us of such loan, yet some Africa leaders are still collecting these loan for selfish gain. Avoid us  aids and grant they are not sincere at tall.

Exact the same condition Chinese loans have.
What you don't understand is that a loan pays a commission, something around 0.2% .

Not at all.

China has been giving lots of interest free loans to many countries specially African ones (search and you will easily find them on the internet). But that is not the only major difference. As @Juicyhome mentioned when countries take a loan from US controlled organizations, they have no freedom. How to use the money will be dictated to them. Something that is not true when they take loans from China.

And that's not all, US regime will dictate a lot of other things that has nothing to do with the money! Like dictating them to change their culture and civilization in order to receive the loan or for example order them to remove subsidies and destroy their economy and lives of the middle and lower classes (like what they did to Pakistan when they ordered removal of energy subsidy and never gave them the full loan they asked for).

This is one of many reasons why the world is abandoning the US dollar.

[SilverCryptoBullet]

China has been giving lots of interest free loans to many countries specially African ones (search and you will easily find them on the internet). But that is not the only major difference. As @Juicyhome mentioned when countries take a loan from US controlled organizations, they have no freedom. How to use the money will be dictated to them. Something that is not true when they take loans from China.

I disagree that countries take loans from China have more freedom than nations take loans from the USA. I do not agree and like with all things the USA do in history and recently but if say China does better like more generous and fair than the USA, it's untrue.

I can have different thinking than you, and I see countries with loans from China, have more dependence on China and it can affect their country policy and development in many decades and generations.

This is one of many reasons why the world is abandoning the US dollar.

This is my aggrement with you.

The USA makes inflation and since pandemic hyperinflation so their fiat currency, the US. dollar not only decreased in purchasing power at similar falling rate in history, but declined with a very sharper rate.

Their US citizens realized this nightmare and more people chose Bitcoin than US. dollar as where they save their money.

Purchasing power of the US. dollar over time

[pooya87]

China has been giving lots of interest free loans to many countries specially African ones (search and you will easily find them on the internet). But that is not the only major difference. As @Juicyhome mentioned when countries take a loan from US controlled organizations, they have no freedom. How to use the money will be dictated to them. Something that is not true when they take loans from China.

I disagree that countries take loans from China have more freedom than nations take loans from the USA. I do not agree and like with all things the USA do in history and recently but if say China does better like more generous and fair than the USA, it's untrue.

I can have different thinking than you, and I see countries with loans from China, have more dependence on China and it can affect their country policy and development in many decades and generations.

Well China has been trying to replace US in a lot of matters so they need to be different and offer a different deals than the US otherwise countries won't even bother going to China for stuff like loans because there already is a bully US that dictates what they should do!

However, there is a high change this will change in the future when China will have already pushed US out of the markets. They may also do the same exact thing US has been doing so far. But they are not doing it today.