The dollar and other currencies at a glance

[Rebirth01]

The US have to tell the world why and how the dollar is so valued in the world. For crying out loud, every other currency in the world is useless compared to the dollar and even in recession the dollar is still powerful. In the mix of the US and Iran war the dollar is strong. So i believe even if the world economy is in recession the dollar will still wax stronger. Is it that the US have the best economist in the world?

[mindrust]

The US have to tell the world why and how the dollar is so valued in the world. For crying out loud, every other currency in the world is useless compared to the dollar and even in recession the dollar is still powerful. In the mix of the US and Iran war the dollar is strong. So i believe even if the world economy is in recession the dollar will still wax stronger. Is it that the US have the best economist in the world?

Economists don't save an economy. They barely save their own personal economy. They are as useless as statisticians imo. They'll show or tell you what you want to believe. They'll read your behavior like a book and tell you what you'll agree with. That's their trade. At least lawyers don't hide what they do, these motherfuckers though, they are sneaky. They lie more than lawyers but people still hate lawyers more. That's unfair.

[Coyster]

You should have quickly surfed the internet for answers, that would have been a quicker way to arrive at what you are looking for.

The U.S. dollar is the world's reserve currency, Central Banks around the world hodl the U.S. dollar in their reserves. It is also the most used currency in international trade. There are a few other reasons why it is so valuable, i don't know if they have the best economists, but they do have one of the largest economies in the world and that counts for a lot.

[Churchillvv]

You sound more aggressive or aggravated from my perspective but however your question is kinda valid hence I will love to let you know that you need to understand that this is psychological and the USA government understands that if they make you feel the ego in the dollar it becomes reality so they down grade every other currency in different terms just to make you think the dollar is way better, yes the economy is stable but look at Luxembourg and the UK they have good economy and currency too which is bigger than dollar, but the fact remains that the dollar is psychologically stable not in reality.

[Franklyn-wood]

The US have to tell the world why and how the dollar is so valued in the world. For crying out loud, every other currency in the world is useless compared to the dollar and even in recession the dollar is still powerful. In the mix of the US and Iran war the dollar is strong. So i believe even if the world economy is in recession the dollar will still wax stronger. Is it that the US have the best economist in the world?

Economists don't save an economy. They barely save their own personal economy. They are as useless as statisticians imo. They'll show or tell you what you want to believe. They'll read your behavior like a book and tell you what you'll agree with. That's their trade. At least lawyers don't hide what they do, these motherfuckers though, they are sneaky. They lie more than lawyers but people still hate lawyers more. That's unfair.

There something they are not telling us about dollar and how it remains to drop in value despite the war between US and Iran and other subsequent wars they are involved in. Dollar seems not to be affected compared with other currencies in the world.
About the economics are not balancing some of this information to the general public as it sounds and look like there are things swept under carpets about the US government yet to be told.

[Charles-Tim]

The US have to tell the world why and how the dollar is so valued in the world. For crying out loud, every other currency in the world is useless compared to the dollar and even in recession the dollar is still powerful. In the mix of the US and Iran war the dollar is strong. So i believe even if the world economy is in recession the dollar will still wax stronger. Is it that the US have the best economist in the world?

United States inflation rise to its highest since 2021 to 4.2%. United States inflation was below 4% since 2021 but the war in Iran was one of the reasons the inflation was more in the country this time around.

But you are not wrong that United States is strong. Would that be a reason people should save it? I prefer to have bitcoin on noncustodial wallets and hold it than to go for fiat.

[Japinat]

Is it that the US have the best economist in the world?

They are already at the top, so they can dictate, and one of the major reasons why the dollar stays strong is not just because they are good economically but also because they are strong militarily. Look at those wars and who they usually target, they target countries with the most oil because they still want to control the world’s oil trade, which should use the dollar so demand will continue or even increase. If you have not seen the documentary titled Petrodollar, I suggest you watch it so you will understand how tied the dollar is to petroleum around the world.

[Alpha Marine]

There something they are not telling us about dollar and how it remains to drop in value despite the war between US and Iran and other subsequent wars they are involved in. Dollar seems not to be affected compared with other currencies in the world.
About the economics are not balancing some of this information to the general public as it sounds and look like there are things swept under carpets about the US government yet to be told.

You people constantly swear the US dollar will crash to dust soon, with no solid reason why you think so, then get surprised when what you think doesn't happen. The dollar has created trust, and when there is trust for something, people will always demand it, and when there is demand for it, it will still remain valuable.
A currency that is used for international trade and is 57% of all foreign reserves won't just fall like other currencies. As long as there is always demand for it, it will remain valuable

The dollar has not always remained stable or increased in value this year; it has fluctuated and dropped in value a little bit. There has been inflation in the US this year, which means the dollar has dropped in value, but the problem people have is they exaggerate how badly the dollar is doing compared to other currencies. That is why they come up with theories that the dollar will crash soon or the dollar is dead.

[viljy]

The US have to tell the world why and how the dollar is so valued in the world. For crying out loud, every other currency in the world is useless compared to the dollar and even in recession the dollar is still powerful. In the mix of the US and Iran war the dollar is strong. So i believe even if the world economy is in recession the dollar will still wax stronger. Is it that the US have the best economist in the world?

You probably are joking. If all currencies except the dollar are useless, then why is the dollar constantly falling against some of them, for example, the ruble? As far as I remember, the dollar is strengthening only against the Turkish lira. Also, the role of the yuan in the world has long been almost equivalent to the dollar. As for the economists, there are indeed very good academic economists there. But the politicians don't listen to them.. did the politicians listen to Stiglitz a lot?

[Spaceman1000$]

You sound more aggressive or aggravated from my perspective but however your question is kinda valid hence I will love to let you know that you need to understand that this is psychological and the USA government understands that if they make you feel the ego in the dollar it becomes reality so they down grade every other currency in different terms just to make you think the dollar is way better, yes the economy is stable but look at Luxembourg and the UK they have good economy and currency too which is bigger than dollar, but the fact remains that the dollar is psychologically stable not in reality.

Despite that, I feel the dollar is more influential in the international market as most trades are done using the dollar. The U.S is a big economy, they are one of the largest in the World, their influence cuts across nearly every sector, and regardless on how anybody want to see it, they are the World power, so far their currency to have such powers, it will come naturally. The UK and Luxembourg might have a stable economy, but what is their pollution when compared to U.S, how influential are they compared to U.S, these are so of the things to look out for, not just stable economy.

[Perfectbaby]

Dollar is generally being accepted in almost all the country and is being used across the world, but that doesn't applied to other currencies because you can't use them outside the dollar and, the dollar still remain strong.
They are word power and also seen as the global safe haven.

The U.S. dollar is strong primarily because of high American interest rates, robust economic growth relative to other nations, and its status as the global safe-haven currency

From the little search which I made above.

[imthegreat]

The US have to tell the world why and how the dollar is so valued in the world. For crying out loud, every other currency in the world is useless compared to the dollar and even in recession the dollar is still powerful. In the mix of the US and Iran war the dollar is strong. So i believe even if the world economy is in recession the dollar will still wax stronger. Is it that the US have the best economist in the world?

The dollar, once a very powerful currency that could also serve as a safe haven during crises, remains so. Even after the complete abolition of the gold standard. After all, Nixon unpegged the dollar from gold in 1971, but the dollar did not lose its power because it is essentially an investment in the world's number one economy—the US economy, which operates like a powerful mechanism, almost like a Swiss watch. Therefore, the world continued to believe in the dollar's power, and this hegemony will continue, and no currency can match it.

[EarnOnVictor]

The US have to tell the world why and how the dollar is so valued in the world.

Why did you make such a request from the US when the answer is obvious?

For your information, the USD wasn't the most priced and valuable currency in the world before, as many countries' currencies had attained the status before, including European nations you would not believe they'd.

It only depends on how you play your political and economic cards. The US played it well when the world was still very dark for people to see.

[YOSHIE]

Is it that the US have the best economist in the world?

That is the answer, why the dollar is superior to other paper currencies, the dollar is generally traded globally, this proves that the dollar is often used internationally.

If measured in global economic terms, of course the standard of the dollar is different from other currencies. It could be said that the dollar is the king of global currencies, even though there are currencies whose exchange rate is higher than the dollar, but that is not a problem and has no effect.

Apart from being active in the world market, the dollar is also the official currency of the Eurozone, therefore inflation, geopolitical and macroeconomic factors have no effect on the dollar, this is a sign that the dollar has advantages over other currencies.

[MFahad]

You people constantly swear the US dollar will crash to dust soon, with no solid reason why you think so, then get surprised when what you think doesn't happen. The dollar has created trust, and when there is trust for something, people will always demand it, and when there is demand for it, it will still remain valuable.
A currency that is used for international trade and is 57% of all foreign reserves won't just fall like other currencies. As long as there is always demand for it, it will remain valuable

The dollar has not always remained stable or increased in value this year; it has fluctuated and dropped in value a little bit. There has been inflation in the US this year, which means the dollar has dropped in value, but the problem people have is they exaggerate how badly the dollar is doing compared to other currencies. That is why they come up with theories that the dollar will crash soon or the dollar is dead.

I think ots not easy that US dollar will lost his worth as easily as it is often said because this is the strongest currency world wide. I think there is no proofs in the past as well when the dollar was lost the worth. In fact including me we always see that the demand of dollar has been increased gradually. it has a great influence in the world economy so its not possible that the dollar will get crashed this easily. In fact Pakistani currency is also measured against the dollars of US as the dollar becomes strong it affects a lot more thing. It is used worldwide for trading and connect all the tradings which happens in all over the world. the fluctuations in the price of dollar always happened and the things related to this also in up and down situation.

[Marvelockg]

.. So i believe even if the world economy is in recession the dollar will still wax stronger. Is it that the US have the best economist in the world?

They believe in the dollar and has managed to create a system where the rest of the world have no option than dealing with it. Though not official, the United state dollar is popular across nations even more than some of Thier local currency. With this, even if they might be struggling with inflation, it doesn't even affect the worth of the dollar because other nations and literally using it as Thier second most popular currency.

There have been public outcry and sentiment around the united state imposing her currency on all. Such statement doesn't hold much ground because the United state is always ready to keep projecting thier currency as the first and best currency. If it's by the wishes of the multitude, the United state dollar would have crash by now but it does appear that they know what they are doing after all.

[Shadiq]

The US have to tell the world why and how the dollar is so valued in the world. For crying out loud, every other currency in the world is useless compared to the dollar and even in recession the dollar is still powerful. In the mix of the US and Iran war the dollar is strong. So i believe even if the world economy is in recession the dollar will still wax stronger. Is it that the US have the best economist in the world?

There are several reasons for the strength of the dollar, one of which is the international reserve and petrodollar policy.

After World War II, the United States became a major economic power where other countries were economically weak. That is why some countries started using the dollar for international trade. Then in 1970, after the petrodollar policy was signed with Saudi Arabia, the demand for the dollar continued to increase. Although some countries started using the dollar for international trade and kept reserves even before the petrodollar policy, the number of dollar reserve countries increased after the petrodollar monetary policy. The dollar is still used as the only currency for purchasing energy and for international trade. The currency reserve, the petrodollar policy, and international trust and stability made the dollar a strong currency.