is this the end of the dollar superiority?

[Githunguri]

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https://www.reuters.com/world/china-role-saudi-iran-deal-tricky-test-us-2023-03-10/

iran saudi iran china

[gout]

Dollar is becoming stronger wiping out global wealth.  The US needs a leader who understands the poverty in Africa and some of these places. Their actions mean starvation and death.

Kama ni Ukraine has us crawling already.

[Kadudu]

Continue dreaming. Is the US$ going south or west against other major world currencies?

https://www.reuters.com/world/china-role-saudi-iran-deal-tricky-test-us-2023-03-10/

iran saudi iran china

[Githunguri]

Dollar is becoming stronger wiping out global wealth.  The US needs a leader who understands the poverty in Africa and some of these places. Their actions mean starvation and death.

Kama ni Ukraine has us crawling already.

That's short term.
1) I think you need to understand two issues.One of the most traded commodities in the world are oil and gas from Russia iran and Saudi.These commodities among others are traded in dollars so the moment they decide to trade their currencies directly,strength of dollar weakens in long rum because of less demand.

2) If BRICS countries which are the most populated in the world stop using dollar as key exchange currency it weakens further.

That technically means dollar is no longer viewed as a powerful currency and foreigners will cease buying USA debt which is in trillions.The usa economy will collapse...slow death because it's these dollars invested in USA treasury bonds which are lent to big banks like Jp morgan or hedge funds who then invest them in Africa or Asia which are called emerging markets....so when the USA gov increases interest rates the dollar investors pull their money out from.africa and Asia and dollar becomes strong...without trading in dollars as a world currency the dollar is dead.

Do you get it?

GOUT=RV PUNDIT.

[Githunguri]

https://www.macrotrends.net/1329/us-dollar-index-historical-chart

To understand what I've said above...that's a 30 year chart of the dollar against major economies.It slowly gets weak...with more powerful economies like China India Brazil Russia which have huge populations and commodities the dollar will loose power.

[gout]

You can bet Ayatollah has piled up dollars. Who would trust currencies backed by crazies slaughtering kids over a scarf or Khashoggi like a pig.

[RV Pundit]

Yes people just talk but when it come to real stuff; they buy USD; I used to think it possible; but the more I grow up; the more I see how hard it is.

US/EURO/CHF/BRitish pound - those are insured by stable democracies with stable economies.

Maybe China kidogo can claim that - and Japan of course.

Rest are bunch of nut cases who dont trust each other

You can bet Ayatollah has piled up dollars. Who would trust currencies backed by crazies slaughtering kids over a scarf or Khashoggi like a pig.

[sema]

Dollar superiority will end when a country is able to defeat the US military complex in war. Basically, what I am telling you is that for the duration of our lifetimes, our children's lifetimes, and our grand-children's lifetimes, the dollar will remain supreme.

[RV Pundit]

Not war - but in better managing their economies in stable predictable democracy. India and China will do it. The dictatorship like Iran will not do...and Russia

Dollar superiority will end when a country is able to defeat the US military complex in war. Basically, what I am telling you is that for the duration of our lifetimes, our children's lifetimes, and our grand-children's lifetimes, the dollar will remain supreme.

[sema]

India and China will do it.

hahahaha...how many warships combined do INdia and China have? and how many wars have they ever won? These remain dirt poor countries (a majority of their population is still living in poverty)

Here you go again pundit overrating these countries.  We told you the west would defeat Russia and you said no and now you are seeing the light and you think people will trust that communist/closed state called china? lol

[Nowayhaha]

You didnt understand Pundit , India buys weapons from Russia , China makes their own weapons . U.S. had to initiate a war in Ukraine for EU and NaTo countires  to deplete their weapons and replenish from US. military complex . This is a short term , weapons require wars for the industry to flourish , after Ukrainian crisis it will take another 40 years for another similar crisis to happen. The plan  now is in Taiwan.
The best way for U.S. Dominance would be to entangle  dominant countries like Russia and China do business with them and in dollars .
The more they isolate them the chances of them getting alternative ways and eventually will become independent of US ways of controlling the world.
By all means U.S should have avoided the Ukrainian crisis and continue to weaponize Baltic and Eastern Countries for deterrence. Bill Clinton was a genious in this , Bush also tried with Baltic countries but messes up when he showed his cards in 2008 when he states he will incorporate Ukraine and Georgia .
With Ukrainian crisis more countries have seen the danger of using dollars as a reserve and trading in dollars . By end of 2024 it will be evident and maybe the new president will try to correct Bidens mistake .
 

India and China will do it.

hahahaha...how many warships combined do INdia and China have? and how many wars have they ever won? These remain dirt poor countries (a majority of their population is still living in poverty)

Here you go again pundit overrating these countries.  We told you the west would defeat Russia and you said no and now you are seeing the light and you think people will trust that communist/closed state called china? lol

[RV Pundit]

For Trade - practicalities and to repay chinese loans - it making sense for many countries to keep RNM - and lots of countries are doing that. China are signing currency swap treaties.

India has overtaken Britain to become 5th largest economy - they are growing at almost double digit - next is to overtake Germany and Japan.

Again soon - people will keep rupees for trade purpose.

Future will have Four Big boys - US, EU , China and India - most central banks and business people - will keep those four forexes.

Right now US and EU - dominate - RMN is slowly climbing - USD slowly loosing

Also globally, #de-dollarization is continuing. As today's chart shows ”US Dollar Share of Global Reserve Currencies, 2000-2020”, the share of the US #Dollar as the global reserve #currency has been steadily decreasing.#IGWT2021 pic.twitter.com/QTwuIKE4A3

— In Gold We Trust (@IGWTreport) December 20, 2021

?s=20

Does the decline in our share of global reserve currencies have anything to do with concerns about the US defaulting on our debt? Anyone know more about this? pic.twitter.com/0UC3COXJn2

— Derek Pederson 🇺🇸🇺🇦 (@DerekPederson3) January 20, 2023

?s=20

India and China will do it.

hahahaha...how many warships combined do INdia and China have? and how many wars have they ever won? These remain dirt poor countries (a majority of their population is still living in poverty)

Here you go again pundit overrating these countries.  We told you the west would defeat Russia and you said no and now you are seeing the light and you think people will trust that communist/closed state called china? lol

[Nowayhaha]

https://www.kitco.com/news/2023-02-17/Half-the-world-to-dump-U-S-dollars-in-future-causing-tsunami-of-inflation-and-asset-price-collapse-paving-the-way-for-CBDCs-and-The-Great-Reset-Andy-Schectman.html

[RV Pundit]

Yes if people return all the dollars to the US - it will become dead currency - but I believe it wont happen suddenly - it will be gradual.

[Nowayhaha]

From the graphs you have given , it has been gradual from high of 72% in 2000 to low of 59 % in 2020 . As at now its at 55%

Yes if people return all the dollars to the US - it will become dead currency - but I believe it wont happen suddenly - it will be gradual.

[RV Pundit]

They still fine; roughly they hold 1/4 of world economy; so 55% is more than double their fare share; This Ukrain war and all BRICS - all the currency sufferings now - will accelerate the decline - but it will be sometimes before US takes all the forex to their country - another 20yrs. India has to accelerate it's economy.

From the graphs you have given , it has been gradual from high of 72% in 2000 to low of 59 % in 2020 . As at now its at 55%

Yes if people return all the dollars to the US - it will become dead currency - but I believe it wont happen suddenly - it will be gradual.

[Nowayhaha]

Pundit you are 40 years , 20 years ago you were in first year of University . You see how time flys . By the time you are 60 there will be a new world order .
Remember in 90s how Euro was pipe dream then it became the most precious currency and recently was trading below the dollar .

They still fine; roughly they hold 1/4 of world economy; so 55% is more than double their fare share; This Ukrain war and all BRICS - all the currency sufferings now - will accelerate the decline - but it will be sometimes before US takes all the forex to their country - another 20yrs. India has to accelerate it's economy.

From the graphs you have given , it has been gradual from high of 72% in 2000 to low of 59 % in 2020 . As at now its at 55%

Yes if people return all the dollars to the US - it will become dead currency - but I believe it wont happen suddenly - it will be gradual.

[RV Pundit]

Yes - it will happen in my lifetime - and it could happen very quickly - definitely US should know it huge risk. India rise is going to be BIG PROBLEM for them. US and EU control 50% of world economy. If India grows at expense on them.

We will have US/EU 40%; India/China 40%; Rest of the world 10%;

The new kid on the block is definitely India - and it's growing very rapidly.

Pundit you are 40 years , 20 years ago you were in first year of University . You see how time flys . By the time you are 60 there will be a new world order .
Remember in 90s how Euro was pipe dream then it became the most precious currency and recently was trading below the dollar .

They still fine; roughly they hold 1/4 of world economy; so 55% is more than double their fare share; This Ukrain war and all BRICS - all the currency sufferings now - will accelerate the decline - but it will be sometimes before US takes all the forex to their country - another 20yrs. India has to accelerate it's economy.

From the graphs you have given , it has been gradual from high of 72% in 2000 to low of 59 % in 2020 . As at now its at 55%

Yes if people return all the dollars to the US - it will become dead currency - but I believe it wont happen suddenly - it will be gradual.

[Georgesoros]

Y'all forgot about TRUST. I will not trust my money to do well with Xi or Putin. Most oligarchs of the world dont trust these despots, so the green will do well for a few.

[RV Pundit]

Of course. But India is a very stable democracy. China is a very stable meritocracy that is very homogenous - 95% Hans chinese tribe. EU and US of course very mature democracies.

Nobody will trust nonsense like Russia, Brazil and South Africa. NEVER.NOT WITH THEIR MONEY.

It gonna be US, EU, India and CHINA - and few very credible countries in mix like Japan, Switzerland, Britain, Norway.

Asian like China, India,Japan, Korea and likes will of course have to abandon their crazy devaluation to make export cheaper n cheap

Y'all forgot about TRUST. I will not trust my money to do well with Xi or Putin. Most oligarchs of the world dont trust these despots, so the green will do well for a few.