Dollar is fake money but just legalized fake money

[Fiatless]

The government of several countries came to agreements for them to use fiat as a currency for trade because they can easily print it and manipulate the citizens with it and none of them will be punished for their actions.

Back days, other form of currency couldn't be manipulated because it's rare to see them and there was no much inflation. Humans are not satisfied with what they have, they prefer to take from others by trick. This is the same thing the government is doing with fiat currency that was made by them. The government is the problem not fiat (usd, euro, pounds etc.)

Is the problem fiat? I don't think so. Before fiat, there had been other forms of money that were effective. When the economy is mismanaged, more paper money will be printed to cover up for the poor handling of the economy. Instead of using financial and other resources to improve the economy, politicians prefer to sponsor wars.

Even if Bitcoin becomes the major currency, there will still be inflation in some countries because of poor economic management. The problem is not money but greedy, proud, and power-drunk leaders.

[Localhostspeed]

Dollars are debt on the country because these value will decrease with time when there will be inflation in the market. Millions of people have dollars and they want to save money in dollars which is bad investment because dollars have no future and if you want to be successful investor then you should invest in gold or Bitcoin which are safest in the all times and there is much less risk than in any other investment. People are trading the dollars and these people are not in loss but if you want to create your wealth then you should place your money in Bitcoin which is good when all markets are going down . Bitcoin investors always earn big amount And dollar investor get returns which are low and people should think for the future not the past and present.

Since the inception of money and standard of investment, it has never been a wise decision to make investment by saving, you can save for emergency compliances and need of your own but why make investment through savings. Most of the people that keep money at home avoid two things? Been caught for money laundering because they don't take money to bank to avoid questions or a person that is avoid tax, they are the people that hid fiat at home and people think it's investment.

The dollar is not fake but the value it hold is tight to fiscal and monetary policy of the government, the more they tightened this rules, the more value they give to their dollars and the less they lose it, the less valuable the dollar becomes especially when they enter their printing machines to print more money. The more they add money to supply, the less the value becomes valuable. This has been the tradition of the fiat money for a very long period of time.

[FanEagle]

It does not matter if you think dollar is fake. It is still legalized and being used as a legal tender for decades now. The governments strongly support dollar and no matter what happens, dollars will always have monetary importance. Yes, there are substitutes but yet replacing dollar is never a thing. Dollar is not just fiat but is backing the whole nation and without dollar, there will just be chaos everywhere. It is quite easy for the government to print trillions in dollars which might make dollars lose some value, but they will still continue having monetary demand.

Dollar is just like any other fiat like Euro, Pound, Rupee, etc. Dollars will always be there in markets even if the government changes. Substitutes like bitcoins will come into picture for sure but will never replace dollars.

[Cryptomultiplier]

It does not matter if you think dollar is fake. It is still legalized and being used as a legal tender for decades now. The governments strongly support dollar and no matter what happens, dollars will always have monetary importance. Yes, there are substitutes but yet replacing dollar is never a thing. Dollar is not just fiat but is backing the whole nation and without dollar, there will just be chaos everywhere. It is quite easy for the government to print trillions in dollars which might make dollars lose some value, but they will still continue having monetary demand.

Dollar is just like any other fiat like Euro, Pound, Rupee, etc. Dollars will always be there in markets even if the government changes. Substitutes like bitcoins will come into picture for sure but will never replace dollars.

As the dollar is a currency and is a fake money that is printed and made to become the legal tender of the country who is of course a world power, so is Bitcoin which has become, just by mathematical algorithms and coding and is as at the moment being a legal tender with regulatory policies backing it to become as valuable as gold and as the U.S Dollar.
Money is literally created out of thin air to replace so many wack systems of exchange and thus to make living comfortably smooth, so I simply don't understand this topic which talks about the dollar being a fake money.

[Hamza2424]

What we will see is now euro pound dollar higher rates higher yields and off course higher trading tarifs + more taxes + more all kind of regulations ALL THIS to make illusion to people that money is limited, when in reality there is too much of western nations currencies and all of them want same thing.... that their fake money stays and world will accept their fake money as currency.

Yep, world is using fiat, which can be inflated, and there is no doubt in that but we can't call currencies fake, because they are used by all over the world, and they are famous, now integrated deep into our finances, we accepted them, we demanded and used this way of finance, to make deals for our easiness, from goods for good to currency for currency.

The way is changing and now it is changing to decentralization and digitization. We will need this system that's why it is an alternative, the total supply is locked, the coin is not inflated, it can't be controlled the way they control their fiat. We are secure here, but their involvement in bitcoin can make thing somehow the same or at least give us the same results for which we are calling it alternative.

[DrBeer]

I am interested in the opinions of participants in this thread: which currency, in your opinion, could replace the dollar?
More precisely, there are two questions:
1. Which currency?
2. What criteria would determine the success of this currency as a replacement for the dollar? Please be sure to specify this, as without specified competitive advantages, the answer will be useless.

[Etranger]

PS Although it can be assumed that Trump and his buddies will manage to bring down the dollar at its peak and undermine confidence in it.

Trump may well do something like that, and the dollar may not remain what it once was. But a fall from the top in this case does not mean that some other currency will take its place. It only means that the peak itself may become somewhat lower than before. Ultimately, it comes down to the alternative: what economy, besides China’s, can really compare to that of the United States? But China’s economy is still not a serious competitor in terms of trust and safety. That is why the world continues to use the dollar rather than the yuan. And yes, people may criticize and condemn both the dollar and Trump, but the real question is about actions and behavior. They may dislike it, but they still use it.

[Smack That Ace]

I am interested in the opinions of participants in this thread: which currency, in your opinion, could replace the dollar?

I support dedollarization, but honestly, I have never thought about what currency will replace USD, and I do not expect that to happen either.

What difference would it make if another superpower replaced US, but the world remained unipolar, with power concentrated in a single entity? Instead, why not look at the bigger picture? The world does not alway have to operate under a model dominated by a single superpower. The world would be a much better place if it were more multipolar and power were distributed more evenly instead of being concentrated in a single entity.

[Pablo-wood]

I am interested in the opinions of participants in this thread: which currency, in your opinion, could replace the dollar?
More precisely, there are two questions:
1. Which currency?

• Gold-backed currency:  The limitation and challenge with this replacement option is the lack of sufficient gold in circulation to support global trade volume.
• Bitcoin:  The  major challenge is volatility and scalability. As for it being widely accepted people will have no choice but to adapt if it replaces dollar.

2. What criteria would determine the success of this currency as a replacement for the dollar? Please be sure to specify this, as without specified competitive advantages, the answer will be useless.

• As for gold-backed currency its success might be on its weakness which is low supply, It also guarantees stability since it is not  controlled by a single nation.
• Bitcoin primarily is decentralized and has a fixed supply so almost impossible to manipulate (censorship resistant). The most beautiful part is it is borderless so it can be sent to anywhere in the world without stress of conversion to any base currency.

[batang_bitcoin]

All seems to be fake fiat for OP and no matter what people will justify that they are not, he'd believe to what his own words are.

I support dedollarization, but honestly, I have never thought about what currency will replace USD, and I do not expect that to happen either.

I guess that's what the BRICS is doing and what this alliance want is to make CNY as the next global reserve of most countries. That's why there's a silent economic war from all of these super powers that the world is witnessing.

[DrBeer]

PS Although it can be assumed that Trump and his buddies will manage to bring down the dollar at its peak and undermine confidence in it.

Trump may well do something like that, and the dollar may not remain what it once was. But a fall from the top in this case does not mean that some other currency will take its place. It only means that the peak itself may become somewhat lower than before. Ultimately, it comes down to the alternative: what economy, besides China’s, can really compare to that of the United States? But China’s economy is still not a serious competitor in terms of trust and safety. That is why the world continues to use the dollar rather than the yuan. And yes, people may criticize and condemn both the dollar and Trump, but the real question is about actions and behavior. They may dislike it, but they still use it.

If only we could understand what's going on in his head! But that's almost impossible, because he's a generator of random thoughts and ideas
But I once read that he supports the idea of devaluing the dollar, i.e., making it cheaper for a more competitive position in the market. But this contradicts the idea of a global reserve currency. In short, we can only guess or sit and watch what he does! Until he is impeached

[Rgram]

Since the inception of money and standard of investment, it has never been a wise decision to make investment by saving, you can save for emergency compliances and need of your own but why make investment through savings. Most of the people that keep money at home avoid two things? Been caught for money laundering because they don't take money to bank to avoid questions or a person that is avoid tax, they are the people that hid fiat at home and people think it's investment.

Making investments by savings… just how does that work.
I think they are two concepts that applies very differently and shouldn’t be misunderstood. Savings isn’t exactly investing and neither is investing.
In fact, savings can later serve as capital for an investment and not the other way round. You save for certain purposes mainly emergencies while, you invest because you hope to make profit from them. Pending what your intentions might be, either or both can be very rewarding.

[DrBeer]

I am interested in the opinions of participants in this thread: which currency, in your opinion, could replace the dollar?

I support dedollarization, but honestly, I have never thought about what currency will replace USD, and I do not expect that to happen either.

What difference would it make if another superpower replaced US, but the world remained unipolar, with power concentrated in a single entity? Instead, why not look at the bigger picture? The world does not alway have to operate under a model dominated by a single superpower. The world would be a much better place if it were more multipolar and power were distributed more evenly instead of being concentrated in a single entity.

But tell me honestly—what don't you like about the dollar as a reserve, “unified” currency for international settlements?
I'll be honest—my only complaint is that I'm positively jealous that they managed to pull off such a feat and that the dollar has secured this position
I can't find any other objective reasons for disliking the dollar, on which virtually the entire model of mutual settlements in the world is based...

[Etranger]

But tell me honestly—what don't you like about the dollar as a reserve, “unified” currency for international settlements?
I'll be honest—my only complaint is that I'm positively jealous that they managed to pull off such a feat and that the dollar has secured this position
I can't find any other objective reasons for disliking the dollar, on which virtually the entire model of mutual settlements in the world is based...

What exactly is there to be jealous of here? That the dollar reached such a position rather than, say, the Ukrainian hryvnia? I think it’s simply something to accept as a fact, nothing more. Besides, people in different countries perceive the dollar’s global status very differently. For example, in Switzerland, for the average Swiss person the dollar means almost nothing. You can’t really pay with it, it’s not in everyday use, the exchange rate isn’t very favorable, and it’s not easy to exchange everywhere. Whereas in Ukraine, soon you won’t even be able to buy a loaf of bread without thinking in terms of the dollar exchange rate. So every place has its own quirks.

[DrBeer]

But tell me honestly—what don't you like about the dollar as a reserve, “unified” currency for international settlements?
I'll be honest—my only complaint is that I'm positively jealous that they managed to pull off such a feat and that the dollar has secured this position
I can't find any other objective reasons for disliking the dollar, on which virtually the entire model of mutual settlements in the world is based...

What exactly is there to be jealous of here? That the dollar reached such a position rather than, say, the Ukrainian hryvnia? I think it’s simply something to accept as a fact, nothing more. Besides, people in different countries perceive the dollar’s global status very differently. For example, in Switzerland, for the average Swiss person the dollar means almost nothing. You can’t really pay with it, it’s not in everyday use, the exchange rate isn’t very favorable, and it’s not easy to exchange everywhere. Whereas in Ukraine, soon you won’t even be able to buy a loaf of bread without thinking in terms of the dollar exchange rate. So every place has its own quirks.

That's what I'm talking about—one can only envy the fact that the US has managed to make its currency so strong But at the same time, it's important to understand that this didn't just “fall from the sky”; it's the result of the country's long development, its economy, financial system, and much more.
It's true that the physical use of the dollar is not the same everywhere. Europe has a “personal dislike” for the dollar, why hide it?
And the example given only emphasizes the stability of Switzerland and its currency, which is also something to be envious of

[Etranger]

That's what I'm talking about—one can only envy the fact that the US has managed to make its currency so strong But at the same time, it's important to understand that this didn't just “fall from the sky”; it's the result of the country's long development, its economy, financial system, and much more.
It's true that the physical use of the dollar is not the same everywhere. Europe has a “personal dislike” for the dollar, why hide it?
And the example given only emphasizes the stability of Switzerland and its currency, which is also something to be envious of

Switzerland is generally a country many others could envy in many respects. Its autonomy and even a certain degree of detachment from the rest of the world work to its advantage, although many other countries would likely end up isolated if they tried to replicate the same model. But besides Switzerland, there are also other countries where the dominance of the dollar is not felt as strongly. They operate more on the basis of local economies and domestic processes and are less dependent on external trade.

[DrBeer]

I am interested in the opinions of participants in this thread: which currency, in your opinion, could replace the dollar?
More precisely, there are two questions:
1. Which currency?

• Gold-backed currency:  The limitation and challenge with this replacement option is the lack of sufficient gold in circulation to support global trade volume.
• Bitcoin:  The  major challenge is volatility and scalability. As for it being widely accepted people will have no choice but to adapt if it replaces dollar.

2. What criteria would determine the success of this currency as a replacement for the dollar? Please be sure to specify this, as without specified competitive advantages, the answer will be useless.

• As for gold-backed currency its success might be on its weakness which is low supply, It also guarantees stability since it is not  controlled by a single nation.
• Bitcoin primarily is decentralized and has a fixed supply so almost impossible to manipulate (censorship resistant). The most beautiful part is it is borderless so it can be sent to anywhere in the world without stress of conversion to any base currency.

The problem with gold-backed currencies is that no one can prove that a country has the amount of gold it claims to have in its reserves. That stage is already over. In today's world, the only way to back a currency with gold is to say how much gold you have and how much currency you have printed
And here's the question: which countries allowed independent auditors to inspect their gold reserves? The answer is simple: NONE! And “taking someone's word for it” is unacceptable in today's world.

PS China has classified its actual gold reserve data.

[tygeade]

What exactly is there to be jealous of here? That the dollar reached such a position rather than, say, the Ukrainian hryvnia? I think it’s simply something to accept as a fact, nothing more. Besides, people in different countries perceive the dollar’s global status very differently. For example, in Switzerland, for the average Swiss person the dollar means almost nothing. You can’t really pay with it, it’s not in everyday use, the exchange rate isn’t very favorable, and it’s not easy to exchange everywhere. Whereas in Ukraine, soon you won’t even be able to buy a loaf of bread without thinking in terms of the dollar exchange rate. So every place has its own quirks.

It's not a shocker that USD reached a high level and be the top money without actually being worth anything. Two reasons for this, first of all when USD became the most powerful one, it was after world war two and the gold standard was still a thing, so that is why everyone bought it and put it on their treasury because it was such a strong currency when all of Europe and Russia and everywhere else were doing terrible, people were dying of famine at China during that time.

Second reason is that when gold standard was gone, and USD started to be worth nothing, other nations didn't do as well as they should, they could have done better, but no other nation has gold standard neither, their currency is worthless too, so USD didn't lose a step at all.

[DrBeer]

That's what I'm talking about—one can only envy the fact that the US has managed to make its currency so strong But at the same time, it's important to understand that this didn't just “fall from the sky”; it's the result of the country's long development, its economy, financial system, and much more.
It's true that the physical use of the dollar is not the same everywhere. Europe has a “personal dislike” for the dollar, why hide it?
And the example given only emphasizes the stability of Switzerland and its currency, which is also something to be envious of

Switzerland is generally a country many others could envy in many respects. Its autonomy and even a certain degree of detachment from the rest of the world work to its advantage, although many other countries would likely end up isolated if they tried to replicate the same model. But besides Switzerland, there are also other countries where the dominance of the dollar is not felt as strongly. They operate more on the basis of local economies and domestic processes and are less dependent on external trade.

Yes, that's right—Switzerland is an exception to the rule! There are virtually no other “financial autonomies” like this.
And many countries live without the dollar, for example, North Korea )) In reality, moving away from the dollar, at least for now, means isolating yourself from the global market, where your economy has to rely solely on its own resources or some support from “friends.” I remember in 2022, Russia also “very boldly” decided to manipulate the situation once again and said, “That's it, we will only sell gas for rubles!”, hinting that everyone would now be forced to stand in line and buy the “precious ruble.”
 We know how that ended But the need for currency in Russia itself has not gone away — without goods and services on the world market, its economy cannot function! It was heavily dependent on Western technology and, at a minimum, without it, it is now simply deteriorating, but it is looking for ways to buy something from the West... which means for the same dollar

[Smack That Ace]

I support dedollarization, but honestly, I have never thought about what currency will replace USD, and I do not expect that to happen either.

What difference would it make if another superpower replaced US, but the world remained unipolar, with power concentrated in a single entity? Instead, why not look at the bigger picture? The world does not alway have to operate under a model dominated by a single superpower. The world would be a much better place if it were more multipolar and power were distributed more evenly instead of being concentrated in a single entity.

But tell me honestly—what don't you like about the dollar as a reserve, “unified” currency for international settlements?
I'll be honest—my only complaint is that I'm positively jealous that they managed to pull off such a feat and that the dollar has secured this position
I can't find any other objective reasons for disliking the dollar, on which virtually the entire model of mutual settlements in the world is based...

As I said, I believe the world would be better and more prosperous if it were more multipolar instead of unipolar as it is today. Even if it were not USD, but yuan or euro, I would still object, and what I object to is the monopoly and abuse of power.

I support dedollarization not because I utterly hate America or the dollar is problematic, but because I hate a unipolar world

I do not understand why everyone says they hate dictatorships and monopolies, but then supports a unipolar world where power is concentrated in the hands of only one power. That is really contradictory.